Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 12:15 pm  

Not surprising all this at all.

Straight to the kitty gritty.

How is the club ownership structured?

Can a share scheme be introduced, for example if Adam owns 100%of the club could 49% be put up for sale and funds raised this way?

Anybody know the finer details

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 12:55 pm  

Didn't Pearson announce this in January, not sure why people are shocked.

I think the fact we are spending the cap, investing in the youth, renewing contracts and recruiting for next season says things aren't as bad as being reported.

Who do we owe money to?

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 12:58 pm  

Dave K. wrote:

Didn't Pearson announce this in January, not sure why people are shocked.

I think the fact we are spending the cap, investing in the youth, renewing contracts and recruiting for next season says things aren't as bad as being reported.

Who do we owe money to?

If the £1.2m was a working loss the bank I would suspect.

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 12:59 pm  

It wasn't that long ago (possibly last year) some fans were talking off forming some sort of group to help with extra funding for the club but Adam said it was not needed . It seems quite a bit has changed in such a short period of time . Maybe the ball needs to start rolling on this by those who want to help our club .

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 1:05 pm  

.... at the beginning of last year AP was talking about getting gates back to above "normal" when the pandemic ended.

Cleary that never happened and attendances were down by about 5k on expectations, probably totalling around £500k.

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 1:34 pm  

Obviously the losses are real, but I don't believe it's as bad as people say, I think we're nowhere near going bust I believe this is a ploy by Adam to get people to buy passes for next season and to get fans through the gates now.

The issue with the smc and lease is concerning and needs sorting but I firmly believe it will get resolved and everyone will be happy.

The absolute glee from rovers fans on social media over this is pathetic, they have nothing over us on the field and can not match our recent success that they have to resort to points scoring over our financial situation, if we've made a loss then it stands to reason that most clubs have made a loss which puts the game in an even more precarious position .

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 1:38 pm  

Keiththered wrote:

If the £1.2m was a working loss the bank I would suspect.

I haven't seen the accounts, so not sure, Pearson did say the bank wouldn't help us last year.

Maybe the SMC and RFL also.

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 1:51 pm  

The stadium is our biggest problem the rent is just ridiculous

But I'm not worried cause we're a big club with a decent fan base

And 99% of sport teams esp football are all in huge debts miles bigger than our debts

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 1:54 pm  

BEN_THE_BLACK&WHITE wrote:

Obviously the losses are real, but I don't believe it's as bad as people say, I think we're nowhere near going bust I believe this is a ploy by Adam to get people to buy passes for next season and to get fans through the gates now.

The issue with the smc and lease is concerning and needs sorting but I firmly believe it will get resolved and everyone will be happy.

The absolute glee from rovers fans on social media over this is pathetic, they have nothing over us on the field and can not match our recent success that they have to resort to points scoring over our financial situation, if we've made a loss then it stands to reason that most clubs have made a loss which puts the game in an even more precarious position .

Don’t like to see any club in financial difficulty. You are surely suggesting that FC fans would not do exactly the same are you if the boot wa# on the other foot?

Re: Hull FC 2021 Accounts : Sat Apr 02, 2022 2:01 pm  

Football clubs are in far bigger holes look at Derby Bury Macclesfield for example

Clubs in championship spending 60,000 a week on some players on crowds of 20,000 shows why football is in the state it is

Clubs spending more than 100% of the income on wages/transfers