Did she invest in Hull FC or gateshead?

Are you suggesting that a company director can't receive a salary?

Maybe her initial investment in gateshead was done through a VCT or something similar?

Standee v Jake,my moneys on Jake.

No, of course a director can receive a salary, but it would be a fairly thick director that took a £75k salary against a £125k tax break investment, would it not?

I just get a bit fed up of people making things up and passing them off as "fact", whatever Kath was or wasn't upto is folklore, unless someone has proof.

I don't think we can find out. The only thing we know for sure is that the value of her shareholding was £245k.

Touched on it briefly.

[size=85In answer to the question[/size =#000040'Are you happy now with the teams you've got in place on and off the field'

"I think all the staff have risen to the challenge. I have been hugely impressed with Peter Gentle. He is a man who doesn't say things for effect, he says them for a reason and that is to benefit players.
There is no hype or ego about Peter, he is just a very, very good coach who puts his point across in a mature manner. That has really impressed me.
I think it is a nice combination with him and Shaun McRae."

So by omitting to refer to the on-field team at all, I assume he's not fully happy with the squad.

[size=85Also, in partial answer to [/size =#000040'Is there still plenty to be done?' he mentioned

"...I feel in Peter Gentle we have a really talented coach who will get the best out of what is a decent squad. We know there are some gaps where we need to strengthen, but saying that we feel that is we can get the best our of the overseas players and keep them fit, then we have a chance."

So I think he will look to build on this "decent squad" for next season, or this if the right player comes along.

still not anything like a tax break, as I say, I dislike the woman as much as anyone, but accusing her of tax evasion/avoidance isn't wise.

Apart from the 7 figure bill she left FC with?

TIC comment, for avoidance of doubt.

I can't see any way there was personal gain in that, anyway, it matters not, she's someone else's problem now.

Salary has nothing to do with an initial investment though does it. I'd hardly say someone is thick for investing £125k in one company only to then be gifted a much more valuable one (in terms of market size, potential etc.), taking a hefty salary for 10+ years and then selling the company on for a substantial profit on my initial investment. Particularly if my initial investment had some tax advantages

Who has suggested tax evasion/avoidance?

Surely a "tax break" is an official HMRC scheme?

can you explain what you mean by a tax break? otherwise you are spouting unfounded , as usual Jake.

The "tax break" refers to the investment at Gateshead with was added to when they came to Hull. It was made under the EIS scheme.

It was mentioned in detail here many a time before by a poster.

It is long known that Kath and Rule wre collectin £75k pa each from the club as salary, dividends, who knows, maybe they coughed it up at the end of 2010 so we could buy Westerman, afterall they did say that "six figure sum" was the years profit re invested in the business, (boy we were lucky)

No it isn't. It's pure speculation (i.e. bollox) same as any reports on here about players' salaries.

Edited for accuracy.

Ha ha Jake gets in front on points and standeeee reaches for the abuse button,classic !

I'm not spouting anything, merely suggesting you should think before you type your usual unfounded "poop"

He was on the ropes, he's now out for the count.

Might be up at 9 Jake.........

I believe that all the original Gateshead directors received a tax break for their original investment in that club. I'm not sure that this was added to when they came to Hull, although the original scheme may well have still been in force.


This bit is speculation and hearsay as the accounts don't go into enough detail to identify such payments. What does appear to be clear is that all the directors had their initial investment and subsequent loans repaid - hence Rule's infamous comment about not owing anyone a penny. Not the first Hull CEO to make that claim, mind.

how is it "long known" what salary Kath and James were taking, the accounts (as Kosh has said) don't include that level of detail. I detest the woman with a passion but to accuse her of being on the fiddle is just silly, she's not stupid.

Can he play prop too

No one has accused her of being "on the fiddle" have they?

there are some insinuations, anyway, it matters not, she has gone (and we're well rid)

That isn't a euphemism is it?