It is Sunday though. ;D ;D and it does add clarity..
And just as a reminder
Davy's own statement in The Examiner.
So in the words of TV's `Allo Allo', please listen carefully as I shall say this only once.
For clarity I shall deal with each issue separately.
1. The Rescue
When Huddersfield Town went into administration in 2003 both myself and the council hoped that someone would step in to save it. Sadly, despite the administrator setting several deadlines and lots of puff and wind and hot air from the sidelines, not a single meaningful offer was received.
With liquidation and the disappearance of Huddersfield Town from the Football League imminent. I agreed to attempt a rescue. My sincere hope was that I would be joined by others.
In reality, however, the financial risks were so great and the state of the club so bad that everyone else walked away.
[glow=red,2,300]Walked away or pushed Ken??[/glow]
www.examiner.co.uk/huddersfield-town-fc/tm_headline=teamwork-pivotal-to-fisher-s-vision&method=full&objectid=12986101&page=2&siteid=50060-name_page.html
I repeat, everyone else walked away, the general view being that a rescue attempt was financial
.
Despite this I carried on and, after much difficulty, finally completed the purchase about 24 hours before the start of the new 2003-04 season.
For the avoidance of doubt I did not rescue Town for Ken Davy or for the council, the Giants or the stadium, or even today's supporters.
I saved Huddersfield Town for the community at large and for succeeding generations of supporters as I passionately believe that sport and particularly our professional football and rugby clubs have a vitally important role to play in the life of the community.
[glow=red,2,300]Really Ken??[/glow]
www.examiner.co.uk/huddersfield-giants/huddersfield-giants-news/2003/05/14/town-bid-is-great-news-for-giants-says-davy-86081-12957541/2. The Stadium
The terms on which both Town and Giants occupy the Galpharm Stadium were agreed by all parties some 12 years ago, well before I had any involvement with either club (indeed it is pretty well known that until about 10 years ago my interest in sport of any kind was close to zero).
Those terms have not changed since the stadium was built. The rent for each club is calculated by reference to the actual support each club receives.
[glow=red,2,300]You wouldn't lie would you Ken?[/glow]
What do you say further down about 1998? in the section Town or The Giants ? or was it 2003 ?[glow=red,2,300]Make your mind up Ken..[/glow]
www.thefreelibrary.com/DAVY+IN+SHARES+ROW+WITH+TOWN+FAN%3B+Chairman+breaks+silence.-a02760157373. Town & Giants
While we actively try to maximise their joint synergies, each club is a completely separate entity and there is absolutely no subsidy of the Giants by Huddersfield Town. Indeed the opposite is more accurate. When the North Stand was being built in 1997-98, I agreed to the Giants taking on a significantly larger percentage of the liability than was required under the rental agreement.
I did this without any publicity simply to help Huddersfield Town and until today no one outside the respective boards was aware of it. It is also worth noting that in 2002, because of their parlous financial state, Town were unable to proceed with the Leeds Road Barn.
No Barn would have meant an end to Huddersfield Town's Academy status as completion of the facility was an essential requirement of the Football Association.
It therefore once again took an exceptional act of faith by the Giants and KMC through KSDL to assist Town and enable the Barn development to proceed.
Again in relation to the recent joint appointment of the director of business development, the Giants are paying a significantly larger proportion of the costs than would be justified by reference to the respective clubs' incomes.
From the above it should be crystal clear to even the most myopic and bigoted observer that far from Town subsidising the Giants, it is if anything the other way round.
It is also a fact that I have spent as much if not more in the last three years financing Huddersfield Town as I did in my first three years with the Giants.
[glow=red,2,300]Should be true if we use the rental formula as you do when it comes to paying for these synergies?
But then again if something shows a profit instead of paying out at a ratio akin to the formula you can always change it.[/glow]
www.examiner.co.uk/src/webroot/huddexaminer/huddersfield-town-fc/2003/07/16/town-launch-appeal-for-200-sponsors-50060-13185103/
3. Sporting Pride
Huddersfield Sporting Pride fulfils a number of roles, specifically those which cover both clubs, for example, branding the Stadium Superstore and the Sporting Pride shop in Cloth Hall Street and the employment of the clubs' new director of business development. It also, for many years, has held the KSDL shares to try to insulate the Giants from the stadium's issues and liabilities and now does the same job for Town.
[glow=red,2,300]As shareholders we don't have any liabilities. Unless of course it's just The Barn and then it's an HTFC liability!!![/glow]
4. Players
A number of questions have related to players' signings and in particular why the Giants seem to sign more players.
First and foremost the career of the average Super League player is probably half that of a League I football player, therefore there is bound to be a much greater change each year in rugby than football.
Secondly transfer fees are a rarity and contracts are usually shorter, therefore again much more player movement takes place in Super League clubs.
Lastly, at Town, I believe we are fortunate in having a young squad who along with a few seasoned heads are providing us with a solid base for the future without wholesale changes taking place.
5. Academy Funding
The costs of the Academy (c £500k) are funded from various
s, including the lotteries run by the club, grants, some designated commercial income, supporter groups and the club.
Of the total contributed through the Development Association last season, not including grants, the percentages were: Lotteries 62%, Yorkshire Building Society 28%, Patrons Association 5%, Sporting Club 2%, Supporters' Trust 1%, Supporters' Club 0.12%, Young Terriers 0.12% and Disabled Supporters' Club 0.12% with roughly 0.26% coming from private donations.
The club also covers any shortfall. Without an Academy most of this income would of course go directly into the club.
6. Football & Rugby League
I have been chairman of the Giants for over ten years and have no intention of ever apologising for my involvement or support for what I have come to know as an outstanding spectator sport.
I have also said publicly that since becoming involved with Huddersfield Town I am enjoying football far more than I anticipated. Indeed you may be surprised to learn that I attend virtually the same number of football games as I do rugby matches.
I want to see both clubs succeed, indeed I have never believed in a philosophy that requires one to fail for another to succeed.
7. Attendance income
Both clubs are doing their very best to increase attendance, particularly by encouraging the supporters of tomorrow.
This is done in a whole range of ways, including free admission for Under 12s (Giants) and Under 8s (Town) and heavily discounted season tickets for older children plus of course the `7's scheme'.
The success of these initiatives means that it is difficult to compare our attendance income with other football clubs from an income standpoint as perhaps 30% plus may be free or discounted tickets.
In time however, we believe this strategy of encouraging our young supporters will prove very worthwhile.
8. The numbers
Finally some hard facts on the numbers. The results from Huddersfield Town since the rescue are as follows: 2003-04 a loss of £139,125 (audited), 2004-05 a loss of £392,191 (audited), 2005-06 a profit of £36,283 (management accounts), 2006-2007 a loss of £454,275 (projected).
In respect of this season's projected loss of £454,275, it is also worth mentioning that this is based on an estimated average attendance of 12,500, which I am afraid is currently not being achieved. In case you do not have a calculator handy, £454,275 amounts to a loss of over £1,240 per day for every single day of the year.
[glow=red,2,300]when you said some three years ago that a 10000 regular attendance would put us in a strong position what's happened since?
Surely the synergies don't cost that much?[/glow]
www.examiner.co.uk/news/local-west-yorkshire-news/2003/08/11/davy-salutes-10-000-turn-out-86081-13280831/
9. Some more numbers
In our first year in League I (2004-05) our player spend was £1,346,441 (audited) in 2005-06 it was £1,590,864 (management accounts) and for 2006-07 £1,721,068 (projected).
These figures exclude transfer costs and demonstrate that the playing budget has been increased by a massive 28% since 2004-05. In addition we have also had to pay off £1.4m of debts to past players. I would also add that both in absolute numbers and percentage increase these are bigger than those enjoyed by the Giants.
?
long live the king :worship: 
