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| Quote ="Jake the Peg"I think it is wrong. As far as I'm aware, debt repayment has nothing to do with P&L. Interest payments on the debt do'"
Exactly right, and that was how I read the post as well. Anyone linking debt repayment to profit is very wide of the mark.
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| Quote ="carl_spackler"Exactly right, and that was how I read the post as well. Anyone linking debt repayment to profit is very wide of the mark.'"
Or a postman
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| Quote ="east hull FC fan"Its not really a clause though is it? It's more having the contract "anulled" through misleading information. It's a legal challenge that can(and has) stood in court.'"
I think that to be successful you would have to prove that the club [iknew[/i that Agar would be sacked before next season and deliberately misled the player(s) regarding his tenure at the time of signing.
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| Quote ="carl_spackler"Can you explain that one to me, please? I can't work out for sure what you mean, and on first interpretation it's very wrong.'"
I was being a tad harsh on the east Huller
But basically I meant that debt was paid off during the year, that would result in the profits dept would it not
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| Quote ="Mrs Barista"Good point - I've heard of it before at other clubs. Don't know what the situation is TBH, but would doubt there's a get-out clause if Agar is no longer in role.'"
There are no proven NRL coaches off contract,for next season,
But ..................
The season after......... Sheens,Hasler and Brian Smith could be available,
the same time Agar's contract is up for renewal.
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| At least we can perform off the field.
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| Quote ="Ian P"I was being a tad harsh on the east Huller
But basically I meant that debt was paid off during the year, that would result in the profits dept would it not
'"
No, it would go into the pockets of whoever lent us the money. Debt is a balance sheet item and doesn't relate to the P&L
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| Quote ="Ian P"I was being a tad harsh on the east Huller
But basically I meant that debt was paid off during the year, that would result in the profits dept would it not
'"
No, as Jake's post says, debt is a balance sheet item. Repayment of it therefore has no impact whatsoever on profit. The club could make losses and still pay off some of the debt if cashflow was strong enough and they so wished/had to. Likewise there are plenty of highly profitable companies who still go to the wall over high debts.
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| Quote ="Hull Kingston Convicts"I'm sure we could cancel some contracts now as some players have been pretending to be rugby players'"
I hope they choose wisely though, remember that clubs have to start showing some 'home grown' players increasing yearly. FC have already gifted the Robins some of their best players (Shaun Briscoe for one). I do not want to keep Huggie poaching some more to boost his morale, although maybe Judas taught him that it doesn't always pay off.
FC till I die, grannyfan Cindy
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| Quote ="mrs cindy russell"I hope they choose wisely though, remember that clubs have to start showing some 'home grown' players increasing yearly. FC have already gifted the Robins some of their best players (Shaun Briscoe for one). I do not want to keep Huggie poaching some more to boost his morale, although maybe Judas taught him that it doesn't always pay off.
FC till I die, grannyfan Cindy'"
Some of our best players? Since they have been promoted they have signed an injury prone second rower from us, our second choice fullback (still overrated imo, Lee Smith showed how much better a fullback he is in the first half against us last week, Briscoe is Mr Average), and a young prop who was going very much backwards. Paul Cooke is the only player to have left who was a big loss to us, and he has hardly set the world alight in a Rovers shirt
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| Quote ="mrs cindy russell"I hope they choose wisely though, remember that clubs have to start showing some 'home grown' players increasing yearly. FC have already gifted the Robins some of their best players (Shaun Briscoe for one). I do not want to keep Huggie poaching some more to boost his morale, although maybe Judas taught him that it doesn't always pay off.
FC till I die, grannyfan Cindy'"
Think we are one of the best in S/L for doing that...Burnett has burst through this season and Hodgson is looking good.....our back line could be all British next season
Tansey
Calderwood
Hall/Briscoe
Yeaman
Raynor
R.Horne
Long
That makes 7 homegrown players....then there are the others...Washy,Whiting,Radford,KingG.HorneHoughton,Lee,Tickle.
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| The profit is probably due to you not paying up to full salary cap amount. After all your surely not paying full salary cap for that shower are you?
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| Quote ="JB Down Under"The profit is probably due to you not paying up to full salary cap amount. After all your surely not paying full salary cap for that shower are you?'"
They're last year's accounts. I don't reckon we'd have been too far off then. This year it's pretty much common knowledge we have a fair chunk spare because of Crocker. Should post another profit next year then as well.
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| Quote ="carl_spackler"They're last year's accounts. I don't reckon we'd have been too far off then. This year it's pretty much common knowledge we have a fair chunk spare because of Crocker. Should post another profit next year then as well.'"
To be be used to pay players off?
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| Quote ="TKOAH"To be be used to pay players off?'"
I'm hopeful but not convinced it will happen.
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| With a good side and some success on the field, the club would make loads of money we could be dept free in 5 years.
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| Quote ="fc baldy"Think we are one of the best in S/L for doing that...Burnett has burst through this season and Hodgson is looking good.....our back line could be all British next season
Tansey
Calderwood
Hall/Briscoe
Yeaman
Raynor
R.Horne
Long
That makes 7 homegrown players....then there are the others...Washy,Whiting,Radford,KingG.HorneHoughton,Lee,Tickle.'"
Indeed it's good isn't it
Briscoe
Fox
Welham
Walker
Colbon
Cooke
Brough
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| Quote ="MrPhilb"Indeed it's good isn't it
Briscoe...............Quality
Fox.....................Quality
Welham..............Not bad.
Walker...............Your having a laugh !!
Colbon................Crap.
Cooke................Leaving.
Brough...............Not yours and never will be.
'"
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Liam Colbon is a very good player, has suprised everyone this season
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| Mulling this over, can we possibly make a profit next year too?
All this talk of recession, power rises and the all round doom and gloom you wouldn't think so would you?
But next years financial figures will include record pass numbers, over 10,000 shirt sales, not full cap spend, a cheaper coach and no fine for thackray .... anything is possible
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| Quote ="TKOAH"Mulling this over, can we possibly make a profit next year too?
All this talk of recession, power rises and the all round doom and gloom you wouldn't think so would you?
But next years financial figures will include record pass numbers, over 10,000 shirt sales, not full cap spend, a cheaper coach and no fine for thackray .... anything is possible
'"
Aggregate attendance is likely to fall, although not by as much as might be imagined. Last year's total was 174,614 and so far this season we've had 121,349 with Celtic, Huddersfield, Harlequins and Bradford to come.
The early cup exit will cost us, of course.
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| Quote ="Chris28"Obsessed!
'"
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| Quote ="Mrs Barista"Filed on 27th June with Companies House - caught me out as they weren't due to be filed until the end of the month.
Profit for the year: £185,190 (Will take into account Challenge Cup run, 14,000 shirts sold, less the Thackraygate fine)
Level of debt therefore reduces again, from £1.7m last year to £1.4m
Our total net worth (excluding player valuations) is now -£184k compared to -£1,166k 5 years previously, so basically the finances have improved by £1m over 5 years. Good work.'"
I really enjoyed reading through this thread. Lots of interesting facts, debate and fair mindedness - a bit of slating but not every post.
I agree with the overall sentiment throughout that 1. the club are doing something right off the field and seem to be improving and 2. the playing and coaching staff need to emulate that performance on the field.
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| Agree best thread for weeks.
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| Quote ="JB Down Under"The profit is probably due to you not paying up to full salary cap amount. After all your surely not paying full salary cap for that shower are you?'"
Youre right, we arent.
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