No problem with that Mrs B. Like I said, I've not checked the figures myself but if thats what you say they are fair enough.

The point still stands - and to be honest you have helped prove it - that with any accounts, you need to understand what is behind the headline figures in order to fully understand them.

Now then, I'm off to empty this keepnet. It's rather full.

Not good reading for us but its not hard to see where FC made a profit when you consider the quality of their squad over the last two years!

Maybe we should aim to finish near the bottom and save a few hundered grand in salaries?

nah, it'd be a lot easier to cheat the salary cap, play players against weaker sides that shouldn't be playing, get to wembley, lose (again) and be proud of your heritage. Then bank the receipts & stick 2 fingers up at the RFL.

Don't forget winning the cup and getting to the grand final
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That your plan isnt it hense your star player recruitment to date?

I think that is your aim looking at your recruitment for next year

I do hope Rovers comply with the rules when submitting their accounts. Apparently one club went against their accountants advice and included players transfer values as a tangible fixed asset. Not doing this would have reduced their fixed assets and reduce their capital and assests by £780,000.

Plain cheating or cooking the books ?

Surely one employs accountants and follow the rules.

I assume this club has been fined every year for the last 4 years then?

They don't. They're late year after year.

That did occur to me, although I would have thought that the qualification recorded against the accounts every year by the auditors would mitigate against that.

Remind us all which club has been fined for not following the rules and which hasn't.

the difference between Hulls profit and Rovers loss is 293k...we 'saved' some money by Crocker not arriving, but it certainly woulden't been that much.

we are just being run and operated more efficiently.

the way the SL teams accounts are going it'll be a 2 horse championship between us and Leeds in a couple of years!

You certainly can.

The last time Hull fc filed their accounts hull went against their accountants adviceand included players transfer values as a tangible fixed asset. not doing this would reduce their fixed assets and reduce their capital and reserve by £780,000. Its not always simple as looking at the headline figures as those accounts show.

HTH.

Booooooooooooooooooooooo

Damn you spoitl it for me now, I was working the anagram out

Do you know why they bother showing these figures in the balance sheet??

I expect they're attempting to be clever about something. No idea what, though.

Not really. I've got accounts that go back to 2003 and there was a valuation shown then, so it's been going on at least 7 years. Might have been that at one point when the club had more signficant levels of debt and there was talk of a new buyer coming in they wanted to put a valuation on the players (as the value of unexpired contracts would definitely be a consideration for a buyer negotiating a price even if not normally included in the filed accounts) and this was a way of formally documenting it. To have it flagged as news when it's at least 7 years out of date is quite funny - surprised it's not an HDM scoop TBH.

In terms of credit rating, intangible valuations are usually adjusted for, but there are plenty of things other than just filed accounts included, like CCJs and frequency and extent of payment outside agreed terms.

Last posted accounts are for 2008 when I'm pretty sure we were at full cap.

We weren't last year but the figures aren't out yet so will be interesting to see what they look like.

2008 was a Wembley year which was probably the difference between a profit and a loss.

If rovers were down at the bottom due to spending
less they wouldn't be averaging 13k so would still post losses

Sheesh, Michael! Is that so?

Rovers'd better start employing this mighty quick then!

Are you sure about that?

That would take a collossal breach of standard accounting practice

They don't know what you mean!

That would be interesting being a hull fan played 27 lost 27