I give up, I honestly do!
Some of you lot are literally bonkers!! (that's me trying to be polite btw).
Some of you lot are literally bonkers!! (that's me trying to be polite btw).
Shareholder loan converted into equity
- Thread starter WYT
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Can’t take dividends without a profit.
I give up, I honestly do!
Some of you lot are literally bonkers!! (that's me trying to be polite btw).
Lol. Lmao even.
There are posters that are eager to tell us Acun is funding the club through a bank loan, not with his own money. A bank loan with an interest rate of... what, 5%?
Acun has mismanaged the finances appallingly, that is screamingly evident, and he has to put things right. But the talk of him being a dodgy barrow boy fleecing the club and wilfully bankrupting local chimney sweeps is really unpleasant and, frankly, suggests dubious motivations.
Im not going to claim he’s siphoning off funds in a dodgy way. I’ve heard stories from suppliers and I know some at the club through my work who’ve said snippets but I have no clue personally.
In the flip of it I’m not going to personally ignore that the owner is doing it charitably or out the kindness of his heart. To me recent activity seems to suggest he’s positioned himself in a way where he can exit in a more amicable manner. He’s not got the deepest pockets and he’s not got other investors (yet). I suspect had we not got restrictions this would’ve been the final roll of the dice. That could still be the case as he has made it easier to sell.
I’m honest in saying I would prefer new ownership as I feel this one has run its course. But my opinion is substantiated in the facts and evidence that’s available to us as opposed to anything I’ve personally heard.
Not paying suppliers/bills on time is a different kettle of fish to looting and emptying club's bank accounts. Dangerous accusations to make without proof.
On a broader note maybe Acun had every intention of being genuine and honourable for the first year or two but it all went not as hoped for , he liked ‘us’ - ‘we’ liked him but it started to go sour on and off the pitch . As a man with an ego bigger than Mr Allam maybe he can’t cope with criticism , insults etc and has spat his dummy out with the locals - maybe he sees local suppliers in the same vane ? Many people lump a ‘group’ as one . I think if we are successful this year it’ll be an ‘I told you I would’ year.
oh come on ST!!
The club have maybe been late paying some suppliers (or maybe there's actually another side to the story).
I know you wrote 'maybe', But. He clearly isn't going anywhere, so why on earth would he spit his dummy out with local suppliers? Why on earth would any sane person suggest that? What evidence is there of that being the case.
The problem is, stupid comments like that stick with some and grow legs.
This board is fast becoming a nut house.
It really is sad to see someone descend into insanity like this, all to defend a football club owner as well.
Hi GFAW i was trying to be hypothetical only , I’m sat on the fence to be honest . Like you I like actual facts it’s the same throughout the transfer window where there’s a lot of bollocks but also some truths . Some hammer home their reasons or views I don’t .
It's not a full pint because it's poured out of a can. That probably accounts fot it being in(sip|t(r)epid) also.
It was £5.50 I think last season, which was taking the mick. I just smuggle alcohol in, in my body
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That's fine, but operating loss is irrelevant then, so coming into the conversation on our operating loss to pick up a thread on cash flow is crossing multiple wires.
Everyone talking about the 5% interest on the loan as if Acun is charging us that and raking it in.
Given it's pretty well established that he's not cash rich, is it not much more likely that the loans are taken out by Acun Medya at likely that interest rate, then those funds loaned to the club?
Given the club doesn't have much collateral, is that not much more likely?
Given it's pretty well established that he's not cash rich, is it not much more likely that the loans are taken out by Acun Medya at likely that interest rate, then those funds loaned to the club?
Given the club doesn't have much collateral, is that not much more likely?
I know and as one of those who pressurised the club whilst at Boothferry Park to provided a bar for supporters I feel a bit of a fraud now complaining about the prices of beer at the stadium. Back in the tea total days at BP the main crux of mine and others complaints were that the club was missing out on a good source of income on matchdays by not providing the facility. They finally buckled, or saw sense, when Adam Pearson took over and one of the first things he did was open up Roary's Bar in the then redundant club gymnasium which was a, erm, roaring success.
In this city both RL clubs have always tapped into this lucrative source of income, Fc had seven bars when we had none, the excuse always given was that football and beer doesn't mix, but it did in the corporate, players and directors own bars and it was a big draw at rugby league games in those days especially when pubs used to close at 2.00pm on a Sunday, you could still get a pint at the Boulevard?
Point is, whilst the club is losing x-amount of thousands of pounds a week is it wise to charge such ridiculous prices on the concourse not only for beer but everything else? Does charging London prices in Hull for beer encourage anyone to buy more or any at all?
HKR sell beer at a £1 a pint from their 'fans park' for a limited period to get fans there early, then it increases to the same prices the local pubs charge. It works, fans get there early and spend money in the ground and the club profits.
People tell me that the atmosphere and entertainment at Craven Park these days is 'unbelievable, a great day out,' etc. and I do know of people who had never been to a RL in their lives are now won over by the matchday experience at Craven Park, and crowds are up as a result.
Then some will say the price of a pint at football isn't important, I say it is, as is the matchday experience which of course effects the general atmosphere so all I am saying is.......
Are our commercial department missing a trick?
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When Adam Pearson was in charge I was told that the stadium catering was given to a separate company and I was also told that the company was owned by AP’s wife. No idea if it’s true, but was done to ensure a regular income not relying on volume.
I’ve been to Ashton Gate several times, and Plymouth last season, there are loads of beer and food outlets around the exterior of the grounds as well as live music. No surprise that both grounds get many fans arriving over two hours before the game.
They want to implement a fan park outside in the west park entrance similar to how a few do it. I believe there was a fair bit of red tape that prevented them.
Anyone got any opinions on how well run, or otherwise, financially we are?
Never crossed my mind before but just
Only been once because I knew people playing in the pre match game, and I thought it was a great idea.
I suppose a slight counter point to the pricing is the ridiculous situation that you can drink in your seat if one sport is being played on the pitch, but not when another is, means the scope for making much income in the stadium is reduced for City.
If you can only sell everyone one pint at half time, as opposed to a few during the game maybe the maths works to try and rake in a decent profit on that one pint?
I don’t see why there couldn’t be more food and drink options around the ground on match days though. If they were there, and reasonably priced, then that might encourage fans to get there early, particularly if there were offers early on like the Rovers one.
Never crossed my mind before but just
I wondered whether Rovers did the £1 a pint thing regularly
Only been once because I knew people playing in the pre match game, and I thought it was a great idea.
I suppose a slight counter point to the pricing is the ridiculous situation that you can drink in your seat if one sport is being played on the pitch, but not when another is, means the scope for making much income in the stadium is reduced for City.
If you can only sell everyone one pint at half time, as opposed to a few during the game maybe the maths works to try and rake in a decent profit on that one pint?
I don’t see why there couldn’t be more food and drink options around the ground on match days though. If they were there, and reasonably priced, then that might encourage fans to get there early, particularly if there were offers early on like the Rovers one.
Red tape rarely actually stops you in it’s own , it just makes it more time consuming and sometimes costly.
Shame if it has put pay to it for whatever reason
City’s club in the late 60’s and early 70’s was used by loads of blokes to get a drink in the afternoon on a Saturday until the pubs reopened . Cec Riley and Les Wilkie from Hessle were regularly hammered due that , and staggered home eventually ! Some might know who they were on here .
I was a fully paid up member of the Hull City Social Club under the North Stand. We were all suddenly turfed out when someone decided one of the newest stands in the FL at that time couldn't get any insurance ? so it had to be knocked down and replaced by a supermarket, which also was the beginning of the end for Boothferry Park. The promise given to us by the club at the time that an alternative club house would be provided for us. It never was.
In its prime the members sponsored the club, organised away trips from there, sponsored players and had collections for retiring staff members. It was the heart beat of the club. We still have nothing like it today.