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| I thought the RFL had to vet all owners of SL clubs and check their background.
If TL is to be classed as the owner, surely this must have happened and if it goes through, they must have approved (unless it is purely a recommendation from the RFL and they cannot actually block a deal)?
Any confirmation of this (or at least the theory behind it)?
(Mrs B alluded to this question as well, a few posts back)
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| Quote ="Mrs Barista"The Council are under-writing it at their own risk. If you think there's been a steady improvement in Rovers credit rating when they are filing losses of half a million a year and have a recent CCJ, I invite you to validate this through D&B. All of which is entirely irrelevant when a wedge of £15m cash is about to land, of course.
'"
This has the potential of derailing yet another ‘Larvin’ thread, so I will not be engaging in a ‘debate’ over this.
Rover’s finances are a well worn path and one that you like to walk down too often, so I am out lol!
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| Quote ="R.B.A"Talks have been on-going for over 3 months we are told. Judging by Mr Larvins comments, he is happy with everything and wants to proceed with the deal. The vast amount of money he is talking about investing is pretty much un-parralled in Rugby League circles.
Despite this there is obviously something that is holding back Hudgell and Crossland from sanctioning the deal. They are intelligent and successful business men. If they are having doubts then something obviously isnt right.
It is too good to be true and wont happen.'"
There [imight conceivably[/i be an issue around liquidity of assets.
That said, I remain somewhat dubious and I know I'm not alone. I'll happily offer to lead the apology delegation, as and when. We should know if it will be needed imminently.
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| Quote ="Paul T - HKR"This has the potential of derailing yet another ‘Larvin’ thread, so I will not be engaging in a ‘debate’ over this.
Rover’s finances are a well worn path and one that you like to walk down too often, so I am out lol!'"
Exemplary!
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| Quote ="Mild Rover"Exemplary!
'"
mao roverism is spreading
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| Quote ="hull smallears"mao roverism is spreading
'"
Shut it plebeian!
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| Quote ="Mild Rover"Shut it plebeian!
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. . .NOT exemplary!!!!!!
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| Tony Larvin - the saviour of our great club?
Imminent takeover from the shouter at the pub?
Methinks it could be too good to be true,
Eventually we'll know whether it was a load of poo.
So much money, an eight-figure amount,
Hopefully he will sort out our liabilities account.
Anakin's having a fit - threads are being locked,
Red haired Gleeson may be already crocked?
Eyes will be watching from around the M62.
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| Have i had a post removed?
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| Quote ="Hutchie"Have i had a post removed?'"
More like frontal lobe.
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| Quote ="Hutchie"Have i had a post removed?'"
Mucky mouth. lol.!
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Did it?
Hope someone took a screenshot and passed it on.
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Did it?
Hope someone took a screenshot and passed it on.
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| I've missed you ES, where's ya bin?
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| You must be taking the mickey
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| Quote ="R.B.A"Talks have been on-going for over 3 months we are told. Judging by Mr Larvins comments, he is happy with everything and wants to proceed with the deal. The vast amount of money he is talking about investing is pretty much un-parralled in Rugby League circles.
Despite this there is obviously something that is holding back Hudgell and Crossland from sanctioning the deal. They are intelligent and successful business men. If they are having doubts then something obviously isnt right.
It is too good to be true and wont happen.'"
But they're not denying it are they? And hasn't crossland been discussing it with him on twitter?
Good news for rovers fans if the cash turns up and any financial concerns disappear. Always worries me when people come in waving huge amounts of money when there is seemingly no chance of any return on that investment. Why would someone who has allegedly made a huge amount of money (and it must be HUGE if he is going to blow £15m of it) throw it away? Having said that, it's to be hoped the cash is invested in infrastructure and developing the important parts of club which will give financial stability away from any rich benefactor - this is certainly what i think pearson is trying to achieve at Hull and why I'd be worried if I were a fan of Huddersfield - you need a sustainable business model and not reliance on individuals to prop the club up.
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| Quote ="Jake the Peg"Good news for rovers fans if the cash turns up and any financial concerns disappear. Always worries me when people come in waving huge amounts of money when there is seemingly no chance of any return on that investment. Why would someone who has allegedly made a huge amount of money (and it must be HUGE if he is going to blow £15m of it) throw it away?'"
I think this is the bit that's made so many sceptical.
Quote ="Jake the Peg"Having said that, it's to be hoped the cash is invested in infrastructure and developing the important parts of club which will give financial stability away from any rich benefactor - this is certainly what i think pearson is trying to achieve at Hull and why I'd be worried if I were a fan of Huddersfield - you need a sustainable business model and not reliance on individuals to prop the club up.'"
His interview today implies that the first £5M will clear debts and then be invested in the South Stand, so at least the priorities seem right.
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| Does it say he is living at his mothers at the minute ?
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| Quote ="Mrs Barista"The Council are under-writing it at their own risk. If you think there's been a steady improvement in Rovers credit rating when they are filing losses of half a million a year and have a recent CCJ, I invite you to validate this through D&B. All of which is entirely irrelevant when a wedge of £15m cash is about to land, of course.
'"
While your on a hot run can you give us a predicted 3 year plan for FC if you dont meet Adams 10,000 season tickets, and his 14500 average whilst spending full cap.
No pressure, when your ready.
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| Quote ="Legends and Icons"Does it say he is living at his mothers at the minute ?'"
That would be just you with your Dungeons and Dragons and Star Wars collection.
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| Quote ="blakeysrobin"While your on a hot run can you give us a predicted 3 year plan for FC if you dont meet Adams 10,000 season tickets, and his 14500 average whilst spending full cap.
No pressure, when your ready.'"
She tends to bury her head in the sand when it comes to questions like that.
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| Quote ="blakeysrobin"While your on a hot run can you give us a predicted 3 year plan for FC if you dont meet Adams 10,000 season tickets, and his 14500 average whilst spending full cap.
No pressure, when your ready.'"
Is this the Adam Pearson thread now ?
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| Quote ="blakeysrobin"While your on a hot run can you give us a predicted 3 year plan for FC if you dont meet Adams 10,000 season tickets, and his 14500 average whilst spending full cap.
No pressure, when your ready.'"
Hull don't need to average anywhere near 14500 to break even. Pearson knows if they do he will be making a sizeable profit. Any cup finals we reach would significantly boost that
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| Quote ="Kosh"I think this is the bit that's made so many sceptical.
His interview today implies that the first £5M will clear debts and then be invested in the South Stand, so at least the priorities seem right.'"
Even if I won £150m on the eurolottery I wouldn't waste £15m of it on Hull FC. Much rather invest it wisely on booze, holidays, fast cars and faster women
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| Quote ="blakeysrobin"While your on a hot run can you give us a predicted 3 year plan for FC if you dont meet Adams 10,000 season tickets, and his 14500 average whilst spending full cap.
No pressure, when your ready.'"
These figure were targets rather than being necessities.
As Kosh has mentioned, many are sceptical as anyone willing to put £15m into any RL club will know they are not going to see it return. If Larvin has. Spare £15m he must be seriously minted £100m+ perhaps? Yet before December know one had heard of him. There is then the alleged less than pure background (financially).
IF this cash comes into rovers and it's invested properly (finish off building the stadium, youth development, training facilities, debt clearance) then all power to rovers. All the press has been that £15m will be invested in to rovers, ie, not to buy out the existing owners. I just don't get where it would all go. Let's face it, once the North stand is completed, finish off the east stand. Not point in doing the south end as you'd need to see if gates would warrant it. Debt clearance would be biggest thing, £1m back to Allam, a decent chunk to Hudgel and Crossland. Training facilities, how much would need to be spent?
Conservative estimate, there would still be at least £7-8m left out of the £15m quoted.
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