: Tue Nov 24, 2009 9:42 pm  

Thread cleaned up.

People need to be a little more careful regards certain comments on here.

: Tue Nov 24, 2009 9:49 pm  

Gordon Gekko wrote:

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

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 To have it flagged as news when it's at least 7 years out of date is quite funny - surprised it's not an HDM scoop TBH.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.

: Tue Nov 24, 2009 10:21 pm  

JB Down Under wrote:

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?

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

: Tue Nov 24, 2009 10:23 pm  

Gordon Gekko wrote:

It can also help boost a company's credit rating

Sheesh, Michael! Is that so?

Rovers'd better start employing this mighty quick then!

: Tue Nov 24, 2009 10:26 pm  

UllFC wrote:

the difference between Hulls profit and Rovers loss is 293k...!

Are you sure about that?

: Tue Nov 24, 2009 10:28 pm  

WormInHand wrote:

Sheesh, Michael! Is that so?

Rovers'd better start employing this mighty quick then!

That would take a collossal breach of standard accounting practice

: Tue Nov 24, 2009 10:31 pm  

Gordon Gekko wrote:

That would take a collossal breach of standard accounting practice

They don't know what you mean!

: Tue Nov 24, 2009 11:29 pm  

UllFC wrote:

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

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