cofr_rockin_robin wrote:
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.
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??????