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New owner confirmed…

Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

  1. Tony Angelino

    Tony Angelino Well-Known Member

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    Maybe that's why he didn't say anything duffers

    You was choking him
     
    #5761
  2. Steven Toast

    Steven Toast Well-Known Member

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    Bloody hell. Was they a plate of canapes?
     
    #5762
  3. Obadiah

    Obadiah Well-Known Member

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    #5763
  4. philhul

    philhul Well-Known Member

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    LIQUIDITY AND FINANCIAL RESOURCES

    As at 31 March 2016, the Group had cash and cash equivalents of approximately HK$23.7 million (2015: approximately HK$17.0 million). As at 31 March 2016, the Group had net current assets of approximately HK$354.1 million (2015: approximately HK$76.1 million). Current ratio as at 31 March 2016 was 16.8 (2015: 4.0).

    The Group’s operations and investments are financed principally by revenue generated from business operations, available bank balances and the net proceeds from the placing and subscription of new Shares completed during the Year. As at 31 March 2016, the Group had total borrowings (comprising bank borrowings and promissory notes) of approximately HK$51.0 million (2015: HK$97.9 million) and a net gearing ratio of approximately 0.05 (2015: 0.58), which is defined as net debt (total borrowings net of cash and bank balances) over total equity, is resulted. The bank borrowings is denominated in Renminbi and carried average annual interest rate of 7.8% (2015: 7%) while the promissory notes is denominated in Hong Kong dollars and interest-bearing at 3% (2015: 3%) per annum.
     
    #5764
  5. Steven Toast

    Steven Toast Well-Known Member

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    Well that's a little under £2.5m, that's not very good for a potential owner is it?
     
    #5765
  6. Kempton

    Kempton Well-Known Member

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    Oh right...
     
    #5766
    dennisboothstash likes this.
  7. The Omega Man

    The Omega Man Well-Known Member

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    #5767
  8. Kempton

    Kempton Well-Known Member

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    So long as the Allams are gone, who gives a ****?
     
    #5768
  9. Dylan61

    Dylan61 Active Member

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    Be careful what you wish for. Yes get rid of them but...... We need someone better not just anyone
     
    #5769
  10. tigercity

    tigercity Well-Known Member

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    nobody as long as they can rope in enough proper people to pass a spelling test (that's right isn't it?)
     
    #5770

  11. philhul

    philhul Well-Known Member

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    They appear to be some form of investment vehicle...they have made investments but generally just a few mill.
     
    #5771
  12. Mr. Shoes

    Mr. Shoes Well-Known Member

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    They are most likely a front for the real money.

    A bit to go yet...
     
    #5772
  13. Obadiah

    Obadiah Well-Known Member

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    #5773
  14. Happy Tiger

    Happy Tiger Well-Known Member

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    What the ****.

    Make your minds up ffs.

    We're not being sold.

    There's no one interested.

    The Allams **** about too much.

    The Allams aren't done spitting in all our faces and kicking in the nads.

    Ehab likes owning a club.

    So, stop it. It's the hope etc.
     
    #5774
  15. Obadiah

    Obadiah Well-Known Member

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    For £130 million they'll sell.
     
    #5775
  16. The Omega Man

    The Omega Man Well-Known Member

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    They hope.to bring surprise to people.

    Hold on to your hats folks
     
    #5776
  17. Happy Tiger

    Happy Tiger Well-Known Member

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    It according to some of our resident experts.

    They'll want 140.
     
    #5777
  18. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Looks nice.
     
    #5778
  19. onside

    onside Member

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    As some here maybe aware the current owners wanted to change the clubs name, imagine if the new
    owners wanted to follow the Chinese calendar,
    2017 Hull Roosters 18 dogs 19 pigs 20 rats 21 ox 22 this is the good one tigers.
     
    #5779
  20. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Why does their cash balance have any relevance?
     
    #5780

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