Rovers accounts cannot be too bad otherwise they would have struggled getting a franchise spot surely. Assuming they were 2.4m in debt the RFl would have known these facts and figures when the franchise stuff was going in for approval.
Rovers obviously submitted a good plan of action for reducing the deficit over the coming years, and that has satisfied the powers that be.

Seems to me both sets of supporters seem to want the other club to go out of business, which from a business point of view makes no sense as they would lose a lot of revenue on the games between them, plus there would be the added costs of having to travel to another away game that is out of the city.

15 months of expenditure versus at best 13 months of full income will impact on profitability.



But only he knows the reasons behind this we are all guessing, but granted at face value the accounts don't look good.



Agreed.



I am discussing them now and have said they don't make particularly good reading but there may well be some valid reasons. I could be wrong but i may be right. You could be wrong but you could be right. Fact is neither of us really know. Its all guesswork.



Financial performance is better judged on a 12 month period IMO particularly when trading is seasonal. Rovers income will have increased considerably in their second S/L year so it is perfectly reasonable to assume that there may be an improvement in the clubs financial performance. However until we see the accounts we cannot make a valid judgement.

So you really are a proper accountant but yet can't do simple multiplication.
Thats got to be a worry!!

To be fair, these figures are over 12 months old and don't (necessarily) represent the current position. rovers may have made a big profit in the last financial year and have paid off a large chunk of the debt (or not)

Wonder where the extra £1 million in liabilities in the period have come from

Agreed. With all the public reassurances on Rovers financial health, it's very unlikely this would be on the back of a £2.4m debt figure. This must have come down since for Hudgell to be so categorical that the finances are going in the right direction.

So you know more than Hudgell then? tell you what, stop worrying yourself doll face and get a life.

You keep getting slightly catty and making it so obvious that she is touching a nerve !

Is she getting to ya flower !!!!!

who cares if either club is deep in the red?
s long as we have our respective teams to watch/follow each week all us fans need to be concerned with is which team is doing better out on the field, let the directors and people in charge worry about the finances.
we ve waited too long to have both teams in superleague to let things like debts worry the fans........


my main concern for this season is will Hfc finish above Hkr

Barista , are you aware that during the promotion year Rovers and other teams in that division were treated as outcasts and were not privvy to sky monies. Crowds were not as high as they are now and with a full time professional team to finance success does come at a cost. Can you explain why with a 1.25 million handout from the SL to merge , 700 K gift from the rate payers of Hull, reaching 4 finals and 12 seasons in SL why Hull Super League finances are not good?

Because our financial management up to 4 years ago was pants. How else do you get a debt position of £2m+?

That figure goes up every time a Rovers fan quotes it.

Never was £1.25m

Hull disposed of their only real tangible asset to the council, hardly a gift.

CC finals of 2005 and 2008. GF of 2006. Which one didn't I go to?

Difference is, Hulls financial position is a lot better than what it was 4 years ago and it continually getting better where as rovers appear to be losing money hand over fist.

almost doubled hasnt it?

Don't worry too much about our financial position Hudgell is a fan and wouldn't let the club go down the pan. The most important thing we managed to achieve without any Financial aid from SL was to gain promotion and stay there . You should be commenting on your financial position making the challenge cup final selling all that merchandise but only making a small profit not good.

not bad going seeing as we had a fine to pay.

Please don't mention the fine again Holty , this thread could run into the thousands now you have .

Good job the RFL have now tightened up on the rules one good thing to come out of the fiasco.

The merger money was £1m. That article was written as that story broke and well before any payments were received. Out of that £1m, the debts of the old Gateshead had to be settled and then some employment contracts paid up.

Fair enough. Its your opinion they the site of teh Boulevard was not worth £700k, but it was of some independant valuers

. If you really wanted to you could say that all council expenditure is ratepayers money.

That Hudgel is a fan is irrelevant. If anything that would lead to making irrational and emotive decisions.

On the basis of Hulls accounts in the years they have made major finals, they have made clear profits of over £200k. If you consider St Helens have made all of the major finals in the last 3 seasons yet they post losses, go figure that one out.

Just for reference, Hull FC made it to SL in 1997 without any assistance. I don't see your point there.

And final, about that fourth final you mentioned earlier??????

They did it the easy way, we did it the hard way.

Typo corrected

=darkredGave you b/w too much credit there. Still won Nowt in SL though.

You mean having to win a league competition by finishing top?

Only 4 clubs have in SL and if you take out the one title won by Wigan, the other 12 titles have been shared by just 3 clubs.

London and Warrington have been in SL since its inception but neither has really threated getting anywhere near the GF.

London finished second in the early years, a pretty good acheivement