Cos he's crap would be my first thought tbh.

Thanks Adeybull - might need to frame that





I'll save you the trouble of pulling off the accounts because I have had a look at them. As the turnover is below the limit for formal audit all the company is obliged to submit is unaudited abbreviated accounts. They are still professionally produced but not subject to the "going concern" sign off that audited accounts are subjected to.



I'd agree with what you're saying re other SL clubs (and indeed the majority of other businesses too).

"Cougars" "Cougars"



"Donny" "Donny"



"Thunder" "Thunder"



"Vikings" "Vikings"



Not that anything regarding FINANCES has any connection whatsoever between those.



I would suggest that the above have already fallen off the knife edge and some are teetering big style.



It only takes the lightest touch!!!!



I remember HKR being in administration for a considerable time not that long ago.



Just be wary that's all

Unlike most RL clubs HKR have actually spent millions on their stadium.

This story says it all about what it takes to succeed (survive) in SL and the knife-edge many clubs are walking to make that a reality. Speculating to accumulate is obviously the only way forward for anyone that wants to make a mark in any business, but its also 50-50 as to whether your club (business) survives these days. Says as much about the sport and its governing body for me, as it does the clubs/businesses trying to work within the system.

hull kr have been a fantastic addition to SL and have achieved more than clubs thatve been there for longer like wakey



SL needs as many competitive teams as possible



i hope they continue their ground improvements and crowd base

The extension to the East Stand will create more space in the North stand for away supporters meaning less will need to use the South stand. Although it wont create thousands more at Craven Park every little helps!



When you look at the likes of Matt Cook, Josh Hodgson, Mike Ratu all coming in replacing the likes of Ben Galea, Ben Fisher and Jake Webster in time their contracts will be much much smaller yet they have a year to learn off these players at least.



If we do let Cooke go at the end of the season then I would suggest another top signing would just take his wage anyway as there are no amazing youngsters coming through for that position so I dont feel Cooke is going due to financial reasons I just think the club feel their money could be better spent on someone more consistant and to Justins fancy.



If we are losing 450k a year it is interesting to find out just how we are going to repay 2m within a year? I am not very business minded so there is probably a very simple explanation to this but I just hope that we will reduce these debts and not incure any future debts of a similar number!



As stated though this competition needs clubs to be competative and the only way to do this is to speculate and keep your fingers crossed you make the money through the gates and other ways.

an oligarch huh?



wheres ancient greece when you need it.

[iHudgell has previously hinted that board members have been prepared to underwrite the debts and fund investment in the playing squad.[/i



Like most clubs in the NRL and SL they are being underwritten for losses currently by external funding sources. Hopefully we can get to situation in the not too distant future where our income and expenditure are closer together and we don't rely on rich fans digging deep. Our shirt this years has more sponsers than I've ever seen and hopefully another succesful year on the field and the East stand extension will see our gate taking going up.



Some clubs are losing alot more than us and the RFL needs to take a hard look at long term sustainability of SL given that most clubs are losing significant amounts.

NRL clubs lose an average of $2 - $3 million each before outside backers



only 2 nrl clubs make profits



sporting clubs generally lose money. the question is do clubs have adequate sources of external income



if club directors put money into a club as loans then the debts of a club arent really like proper debts to the taxman etc



how many clubs in SL are viable without a backer

In what way? I await your typically ill informed nonsense, it\s always worth a laugh.

So have most clubs, it's just that at some clubs it's all been safety work that you just can't see. Wakefield have spent in excess of 1.5 million just to keep BV open in the last 5 years. How much better that would have been if put towards a new ground. Sadly the UK planning and H&S laws don't allow that to happen easily.



Don't kid yourself, there is nothing special about what HKR have done ground wise. As for their debt, I'd consider it a worry.