Now filed with Companies House so in the public domain:

P&L Reserves down (i.e.financial loss) of £478,341

Creditors (current) £1,676,546 (Previous year £725,507)
Creditors (long term) £737,668 (Previous year £619,21icon_cool.gif
Total Creditors £2,414,214 (Previous year £1,344,725)

Is that worse than ours Mrs B??

Impossible to tell from the limited data provided.

Where's Vince

What are the assets valued at?

Edited by GML.
No Need.

The net liabilities are just over £1m.

Better than breaking even, going down and not getting a franchise. Not sustainable in the long-term, obviously.

I do think franchises and the criteria they will be based on have distorted the old view of Pro RL as a game played between two teams of 13 men (plus subs), on a grass pitch, between white H-shaped sticks. It is like a less joyful version of monopoly sometimes now.

So, in comparison with Hull, who have a real net liability position of just under £370k (I have taken the liberty of ignoring the nonsence figure of player valuation which is a blind stab in the dark), I'd say rovers financial statements were in a more risky state.

And thats with a wealthy backer.

Its quite surprising how some Hull fc fans are so infatuated with all things Hull kr.

I think it's more to do with the way some HKR fans (particularly barrow lad Vince) have brought up Hull FC's finances over the past few years at every opportunity.

If you dish it out, expect to take it.

Thread of the year. FACT.

And take it we did, ouch!

So apart from Hull FC fans and "Vince", does anyone care?

Dave M? Check out his dummy spits on the first page.

Why the hell are people so bothered about this?? The club were never going to be 'in profit' at a stage where a lot money was being spent in order for the club to progress as far as it has. Speculate to accumulate etc etc blah blah.

At the end of the day the club has a license for the next 3 seasons, it now has a decent average attendance and the team looks like its the strongest it's been in over 20 years.

As long as the club doesn't get in to the state it did back in the 90s, lets just enjoy it. Fans shouldn't take things so personally and start throwing childish insults, banter is a good thing but actually insulting each other over something so trivial is pathetic. People need to stop being so OTT and start realising whats more important in life.

Rant over

There is no absolute proof that this person exists unless long term liabilities (£737k) are made up of directors loans from the said 'person' which would lessen the overall net liability somewhat in the short/medium term.

Also if you want a direct comparison with the performance of Hull you would have to look at Hulls books after their first S/L season, the season which these accounts are produced for. Remember Hull have had 7 years of S/L handouts to get where they are now.

Neither Clubs accounts make particularly good reading but nor do most RL clubs, and with Hull about to commit £2m to their training facility i would say theirs are about to take a turn for the worse as there is no evidence that this money can be raised without considerable borrowing, thus incurring more debt.

???

I think he means Sky money.

Indeed.

That on top of the merger money and the proceeds from the sale of the Boulevard

So in a nutshell, handouts.

So not hand-outs then.

Depends how you look at it. It was said when Rovers asked for £100k a few months back that it was Rovers asking for a handout.

Now you want to change the rules.

No you were asking for an advance.