Club Finances

[Trumpton Tiger.]

I wasn't supporting them, I was just watching football. I go to Ferriby as well and sometimes Pickering. That has to be better than watching Love Island like some City supporters will!

Each to his own Jim. I'm very old school and very, very biased. My club is Hull City, it was from aged 10 and it still is today. I once went to Elland Road, Leeds V Liverpool, early 70's, gates closed before kick off, absolutley packed out, City had played on the Friday night. At half time I had to ask the stewards to open the gates and let me out. There must have been a couple of thousand fans on the car park behind the old scratching shed when they let me out. I just had no interest in it at all. It just wasn't me.
I know one of the lads behind HKR, they also have a box at the MKM for Fc and City of course. He asked me to join them in the box for an Fc game. All free. I just cannot do it and didn't take him up on the kind offer, and he tells me I am missing out. But if that's the way we are made then so be it. We are all different.

 

[SydneyTiger14]

We also spent 27M on buying players, which some of them probably has no value at the moment thanks to injuries. I don't understand why people consider 30M sale as a savior, even if we are paying in installments for new players, quite a big chunk of that money already has been spent this summer.

From all those numbers, only positive thing I can come up for this year, we are probably losing 200-300K instead of 500K per week, thanks to reduced wage bill. Maguire was basically telling all Championship teams depends on owner injection/subsidizing, and at this point I don't understand why you guys treat Acun has endless money pit that can subsidize us. Acun's net worth is almost equal to debt he created 60M+ pounds in 3 years.

I explained above that purchases are amortised. We also didn't spend 27m, at most we spent about 20.

 

[Jim the Tiger]

Each to his own Jim. I'm very old school and very, very biased. My club is Hull City, it was from aged 10 and it still is today. I once went to Elland Road, Leeds V Liverpool, early 70's, gates closed before kick off, absolutley packed out, City had played on the Friday night. At half time I had to ask the stewards to open the gates and let me out. There must have been a couple of thousand fans on the car park behind the old scratching shed when they let me out. I just had no interest in it at all. It just wasn't me.
I know one of the lads behind HKR, they also have a box at the MKM for Fc and City of course. He has asked me to join them in the box for an Fc game several times. All free. I just cannot do it and he tells me I am missing out. But if that's the way we are made then so be it. We are all different.

Fair enough mate. Respect that and you're not on your own.

 

[The B&S Fanclub]

Chill lads...It was a joke. I don't have my name down for a season ticket at Lpool, nor anyone else for that matter. I'm stuck with our lot!

 

[Mckechnie Orange]

Chill lads...It was a joke. I don't have my name down for a season ticket at Lpool, nor anyone else for that matter. I'm stuck with our lot!

Not even a sneaky odd jaunt down Ferriby?

Come on now, it's a safe space. We all succumb to temptation once in a while.

In the interest of sharing, I watch Gateshead sometimes.

 

[The B&S Fanclub]

Not even a sneaky odd jaunt down Ferriby?

In the interest of sharing, I watch Gateshead sometimes.

Yeah, did Ferriby on a few occasions when my old mucker Trev was alive. Sadly, gone now. I've not been back, but must try to get there one day..
On Gateshead. I watched the highlights vs York City. Looked as if they were unlucky, though York look useful in that league....I hope they make it back to the EFL.

 

[Trumpton Tiger.]

I have been known to venture down to watch Beverley Town, but never instead of Hull City. I like the grass roots level of Beverley, the cheap admission price, friendly clubhouse and the cheap beer. I also like been able to stand where I like and move about. Its good old fashioned football but not half as good as many like to believe. The difference in class between watching this and football at City's level is miles apart, but it is still enjoyable, which is why I go.

 

[HulltoHellandback]

Jaunts to local non league games are fine, but you don't go there for "good football" or instead of City

 

[Jim the Tiger]

Jaunts to local non league games are fine, but you don't go there for "good football" or instead of City

My lad loves Ferriby as he is so close-up to the pitch. I've done 3 or 4 match sponsorships there this season, it's a great way to spend a Saturday if City aren't playing. Sponsoring next Saturday too actually which has worked out perfectly as I didn't know the Cup draw when I had agreed to it.

 

[Ric Glasgow]

I have been known to venture down to watch Beverley Town, but never instead of Hull City. I like the grass roots level of Beverley, the cheap admission price, friendly clubhouse and the cheap beer. I also like been able to stand where I like and move about. Its good old fashioned football but not half as good as many like to believe. The difference in class between watching this and football at City's level is miles apart, but it is still enjoyable, which is why I go.

I've been known to venture out on a Saturday nowadays and take in a bit of junior football and prior to Clyde leaving Broadwood Stadium 2 years ago I'd wander over there on a Saturday(my mates wife is Club Secretary so I got Comps when I wanted them).Incidentally,last time I looked it was £18 for a match day ticket for Clyde and the quality is poor,food for thought when you can see us at home for £23 max...

Spent a bit of time at Ibrox over the years as I can't afford to travel to Hull on a whim,just wish I was still in Hull/Driff but not to be and the older I'm getting the less I'm getting down unfortunately

 

[CBeeeee]

Good post this.

I'm no football finance expert and without a doubt we have spaffed a load of money up the wall unnecessarily - but at the same time I remember when the last set of accounts came out a lot of people were concerned because we were operating at a weekly loss before transfer fees received were taken into account.

That was always an absolute nonsense as that's our best source of income.

For all the criticism of the current squad - we do have a number of players who could well be worth a decent amount of money in the future. Alzate, Hughes, Puerta (if signed) and Belloumi could all move on for decent fees if they build on their potential.

I don't think Acun will get a gold medal for running a football club by any means and we've done things the hard way - but at the same time we should take time to acknowledge context and see how it pans out a bit more before we get out the pitchforks.

These accounts certainly raise an eyebrow - but whilst the Allams left the club in a decent financial position they also had stopped speculating to accumulate. There was always going to have to be a little bit of that to get us pushing forward.

This season is entirely the consequence of last season's reckless spending - so I would say those who were alarmed at last season's accounts were entirely correct. Operating losses of £20m per season are unsustainable, even if owner is happy to keep digging in pocket, the financial fair play rules say otherwise. Those loses within 2 seasons exceed what is permitted within 3. Relying on selling off the scarce supply of high-value players to avoid falling foul of those rules is not the same as building a strategy around building a high value playing capital and selling for profit/further investment. And as can be seen, you can't lose £30m+ of talent and still maintain the same quality on the football pitch. Unless there is a change in the way this club is run we will hit that wall. I don't know how Middlesbrough survive and Norwich and WBA will face a similar situation when the PL payments end. Sunderland are the example of doing the opposite. They took exactly the opposite approach in Jan last year, were extremely conservative in their transfer window spending. And yes, their season absolutely fell apart last season after Jan so there were consequences. But equally they blooded Bellingham, Rigg and a host of other kids rather than spend money on expensive loan wages and those kids are now worth more because they were playing. Yes they need to sell assets. Their best player Clarke left (for less money than expected) but then they had Mundle already lined up to replace him.