Quote ccs="ccs"Late train (22:30) to Manchester/Leeds starting in May... www.hulldailymail.co.uk/hull-tra ... story.html'" Great news! I don't really read the HDM, so completely missed that. Last time I looked the last train to Leeds/Manchester leaves at 9:38, so I'd have to leave the game quite early to make it. 10:30 is great though. It should help with away fans too as all clubs baring Catalans are linked to Leeds/Manchester.

Quote ccs="ccs"Late train (22:30) to Manchester/Leeds starting in May... www.hulldailymail.co.uk/hull-tra ... story.html'" Great news! I don't really read the HDM, so completely missed that. Last time I looked the last train to Leeds/Manchester leaves at 9:38, so I'd have to leave the game quite early to make it. 10:30 is great though. It should help with away fans too as all clubs baring Catalans are linked to Leeds/Manchester.

Who said it did?

You forgot cash flow statement.



You can only assume that he has gone against the advice of the accountants not so show players has intangible assets to inflate the value of the company.

I'm sure the advice which he receives from his accountants is confidential between the parties.

As a limited company their yearly accounts are published.

You can download them for a pound from Companies House.

Hull Superleague Limited (formerly GATESHEAD SUPER LEAGUE LIMITED) show their players as intangible assets to the tune of £1,815,000.

Mate, no-one cares.

He really is the most boring individual.



I wonder why he removed a big chunk of that last post?



Probably saving it for a rainy day.

From a financial perspective when your own club has pi$$ed away £4m to end up back playing part time teams any sort of deflection is understandable.

Once again Mrs B kicks the a**e of that white greasy substance.

Stay in the shallow end lardy boy.

The player revaluation reserve has been there since the days of Hetherington. So hardly what you'd call news.



If you think balance sheet total is a reasonable way of valuing a business, you are more clueless than you originally let on.

Also presumably not an issue with the RFL, other Super League clubs, our auditors or the media. Just the odd supporter of a Championship club.

Some businesses that rarely make a profit do rely on assets for added value to the business. Profitable businesses have the luxury of using a multiple of yearly profits as a valuation without the need for assets.



Pearson mentioned about removing it when he bought the club. He has increased it from £1,017,000. Not even premiere league football clubs do it. They only show the costs of player transfers.



In previous years, FC have included their players as 'intangible assets' as part of their balance sheet – placing a value of more than £1m on their squad last year.



From an interview with Pearson in the HDM



This helped FC report net assets of £939,000 last year, but Pearson believes those figures to have been unrealistic.



"The balance sheet had been positively enhanced and the valuation that had been put on the players on the balance sheet were unrealistic," Pearson said.



"We will be reducing them over time to what is a realistic value."

<yaaaaaaaaaaaaaaaaaaaaaaawn>