Source: SKY_Sports
Tigers have no money worries
// A bit of a hack but it works// The article snippet is wrapped onto a second line, even when #article-sub is emptyif( $("div#article-sub").children().length == 0 ) {$("div#article-sub").remove();} Hull City insist a recent report suggesting they are struggling financially is inaccurate.[LNB] An article published by The Guardian on Wednesday suggested the Tigers are currently experiencing monetary troubles.[LNB]The piece was based on the fact that the Premier League outfit are yet to submit their accounts for 2008, the only club in the top flight of English football yet to do so.[LNB]Three other companies connected with the club or the KC Stadium have also to reveal details of their accounts.[LNB]Hull, however, insist there is nothing sinister behind the delay, claiming that 'this is a technical point relating to a change of auditing standards'.[LNB]The club are aware that they are in breach of Companies House regulations, as their accounts were due on 31st May, but are adamant that reports claiming they are in trouble are 'poorly researched' and littered with a 'number of inaccuracies'.[LNB]"With regard to the financial results of the football club, the widely respected Deloitte Annual Review of Football Finance published the figures for the year ending July 31, 2008 in their report of June 2009," read a statement released by the club.[LNB]"It showed a pre-tax loss of circa £10million as the result of investment in playing squad wages and the payment of promotion bonuses thanks to the most successful season in the club's history.[LNB]"The comparable numbers for the financial year ending July 31, 2009 show a pre-tax profit of circa £2million."[LNB]
