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| Definatley on the list for is he good enough, along with Fash and Matongo.
Interesting ones will be Shaul and Houghton
I cant see us not being sentimental though so expect alot who are putting in sub par performances being rewarded with extensions.
Hoping for a pretty ruthless new coach, who breaks up the club hull love in
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| A new coach would need a say on retention. Carlos is the one I’d sign up first.
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| Depends how much hes on. Dependable squad player at best
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| .... I'm sure Mr Allam will be monitoring developments with great interest.
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| Quote ="Mrs Barista"https://www.hulldailymail.co.uk/sport/rugby-league/rugby-league-news/hull-fc-adam-pearson-barclays-4071518.amp?__twitter_impression=true
The club's existence is under severe threat. I don't think normal recruitment parameters will apply personally.'"
I think this topic needs its own thread.
A small help, but I will be joining Hull FC Live as the club will get all if not most of the money
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| Quote ="Isaiah"I think this topic needs its own thread.
A small help, but I will be joining Hull FC Live as the club will get all if not most of the money'"
Ive changed the thread title
Worrying times but we wont be alone
Will any club in Super League be able to show great books without losses going back further than ten years in order to get this government loan? I think not
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| Ratu
Carlos
Kelly
Shaul
Houghton
Buchanan
Harris
Graham
Are the players out of contract. Houghton and Kelly amongst the top earners at the club.
Worrying the banks are not granting clubs loans, seems they are pouncing on any excuse no matter how crap to not part with loans. While the players wage cut will no doubt ease some financial strain, will it be enough?
I think the best thing clubs can do is, get behind closed door games accepted As soon as is safe and put the pay per view scheme in place. I for one would definatley pay for view at home season pass to help the club survive.
We may need other means though. Hopefully fans buy merchandise if they can afford it to help support the club.
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| Quote ="Sebasteeno"Ive changed the thread title
Worrying times but we wont be alone
Will any club in Super League be able to show great books without losses going back further than ten years in order to get this government loan? I think not'"
Cheers Seb.
Some clubs might be ok with their big backers, and other clubs might manage to get loans because they have some collateral etc:-
Our biggest asset is the fans and we need to somehow try and rally some financial support
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| Quote ="Isaiah"Cheers Seb.
Some clubs might be ok with their big backers, and other clubs might manage to get loans because they have some collateral etc:-
Our biggest asset is the fans and we need to somehow try and rally some financial support'"
Exactly this. Our only "assets" are player contracts still to run but in the current environment I doubt these will be worth much to sell. As you allude to the Big 4 have multimillionaire backers as do Huddersfield, Rovers, Toronto so they have a buffer we don't. Very worrying.
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| Think any professional sports club outside football’s premier league will struggle for survival.
The landscape for many sports will be massively altered after all this.
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| Quote ="Mrs Barista"Exactly this. Our only "assets" are player contracts still to run but in the current environment I doubt these will be worth much to sell. As you allude to the Big 4 have multimillionaire backers as do Huddersfield, Rovers, Toronto so they have a buffer we don't. Very worrying.'"
Who is Rovers big backer ?
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| Reading Adams rant like comments on Twitter it appears that we have got the furlough money but we have applied for one of the loans available to cover other costs (no doubt such as training ground rents, loads of pre ordered kit to which we are obligated etc) but we are not being allowed to access the Government led loans by our Bank because of outstanding financial failings dating back to the Hetherington years. Without our own ground to borrow against we have few assets so, I'm told, the situation at the Club is very serious and as fans we just have to hope. Who knows, as has been the case in the past we might all have to see what we can do to help keep our wonderful Club going!
Stay safe everyone!
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| Surely the club can obtain loans secured against their “Intangible Assets”?
Or are they actually worthless after all ?
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| Quote ="Bombers Double Chin"Surely the club can obtain loans secured against their “Intangible Assets”?
Or are they actually worthless after all ?'" Intangible assets are not worthless when clubs are in a position to buy and sell players.
The situation has changed drastically, if you hadn't noticed.
Quote ="AP"The FC chairman says the club’s loan application has been refused due to historic debt despite regularly balancing the books under his ownership since acquiring the club nine years ago.'"
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| I find it hard to believe the Club have never had any loans before?
We must have really been making good money until now then !
To pay rent and the ground , and players and staff wages . Day to day running costs is good Management on the Sky money ,and sponsorship, and merchandise sales !!
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| Who's said we haven't had loans in the past? Of course we have, but the situation is different now, no real income streams, sponsors on the brink, Mr Allam probably turning the screw, and we already owe the bank plenty - that's what "making a financial loss" really means.
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| Going back to the OP, we need players to run the reserves comp, so those not considered good enough for the first team would probably be considered for the reserves.
That said, I wonder if reserve squads will be ditched as part of cost cutting by all clubs. Its going to be very interesting and I feel some will fall by the wayside.
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| Quote ="Zuider"Going back to the OP, we need players to run the reserves comp, so those not considered good enough for the first team would probably be considered for the reserves.
That said, I wonder if reserve squads will be ditched as part of cost cutting by all clubs. Its going to be very interesting and I feel some will fall by the wayside.'"
Reserve compy got scrapped yesterday - with future cost cutting i doubt itll be back for a while if ever
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| Quote ="Bombers Double Chin"Surely the club can obtain loans secured against their “Intangible Assets”?
Or are they actually worthless after all ?'"
The business model for rugby league clubs isn’t very sound. Huge money sink holes but little opportunity to earn big money. Relying too much on Sky and on merchandise but with nothing happening those money making opportunities disappear.
Wasn’t Adam posting losses over the last couple of years. A poor case for loans given the circumstances. We should be pressuring the government to give grants to save local attractions.
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| Quote ="HFC Boy"Who is Rovers big backer ?'"
The same multimillionaire that's about to pay 7 figures for Craven Park? Fair to assume they will be readly buffered against the impact of the virus.
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| Quote ="Mrs Barista"The same multimillionaire that's about to pay 7 figures for Craven Park? Fair to assume they will be readly buffered against the impact of the virus.'"
Hudgell isn't worth as much as people seem to think. and the Council have reneged on the sale of CP as far as I know)
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| Quote ="IR80"Hudgell isn't worth as much as people seem to think. and the Council have reneged on the sale of CP as far as I know)'"
They may have reneged but the point being he has this sort of free cash kicking around anyway to easily repurpose to cover wage costs etc, making them much better placed to weather the storm/avoid furloughing and wage cuts etc.
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