Filed on time. Good work.



Loss of £251,176. Net liabilities increase from -£1.8m to -£2.1m. The going concern basis note references "ongoing cost cutting measures that have taken place since the year end." Level of secured debt increases from £0.3m to £0.6m. As expected, I guess.

Saints filed their horrendous accounts recently which reflect all sorts of pre stadium move costs, so if these are cited as the benchmark and a relevant comparison as they were last year, someone's yanking your chain.

oh dear

Worrying times.

For who?

Dumb it down a bit, so us plebs can understand what you mean. I tend to nod off when the accountants speak at our place.

I'm glad uve asked I didn't wanna come across any thicker than I already do

Don't forget the £450k of playing assets that you lot include...

Players arnt assets are they

Agreed, I was referring to FC naming their players as assets every year.

How does that work then does that make a difference to the overall finances

Doesn't it show that each year where making a loss but that loss is gradually reducing?

I suppose by reducing the players wages by a lot if the rumours are true who are going then maybe next yr things will be different I don't know and understand enough about it all

What does that have to do with HKR's finances?

BTW, including the players as assets does not effect the profit or loss figures.

personally I couldn't care less, I go to watch my team on the pitch not get excited about balance sheets or which clubs make the most money or sells the most shirts.

As our debts are owed to our own directors who are fans like me and are not going to pull their money out it seems a bit irrelevent really

Poor outlook

Sport is a business now and we naturally have to break even - wipe our face to borrow a Hudge term.

Our directors don't have a bottomless pit of money so eventually we have to become self efficient.
Our losses are going in the right direction though but shouldn't be just brushed aside that they don't matter.

Right on cue as usual.

Pardon me for showing concern for fellow rugby league supporters.

concern ok

Why is your comment about FC keeping Agar relevant here?

As attempts go, that was pretty poor.

well they don't matter to me, having stood at the harvey haddon stadium watching us beat nottingham city in front of a couple of hundred, or at runcorn highfield, or on a freezing february day at the skolars I can safely say its all about the rugby with me rather than petty point scoring with the dark side about how they make loads of money and we haven't got a pot to piddle in, that's all

Not poor enough for you to comment. What is poor is Hull fans clutching at the fact that the only chance of them bigging it up is if their big rivals are in debt.

If you wish to discuss the Mojave dry subject of our accounts, feel free - it comes but once a year. If you want to discuss Hull's finances, do it on their board. If you want to troll or derail - restrain yourself. It's been done before and stifles what should be serious and very boring discussion. Ta.

We're losing money, which is bad. We're losing it about half the rate we used to - which if not exactly good, is at least better. The prospect of us being self-sustaining is not quite so distant. Whether we'll ever do it while spending the cap, I don't know. The new TV deal is better though and if the improvements to CP prove to be economic... then you can bet they'll increase the cap!

It's not going to happen overnight is it and maybe it's a good thing if we don't spend up to the cap next season it's not exactly doing us any good this season