FORUMS FORUMS



  
FORUMS > Hull FC > VERY worrying conversation just had
72 posts in 6 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, Kosh , Roland_R , Karen
RankPostsTeam
Player Coach25No
Team
Selected
JoinedServiceReputation
Aug 200519 years
OnlineLast PostLast Page
Feb 2013Feb 2013LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED
PM
Quiz Score: 0
FOLLOW
IGNORE



Quote: Hull Kingston Convicts "

We have a user contract with the SMC, as do City, they chose to mortgage theirs with RBS to fund the PL

What if they cannot make the required payments? (If/when City go down, i fully expect them to hit the wall, go in to freefall and admin.) Will they offer the lease to someone who can pay their way?


I was at a Q&A presentation the other week at which Adam Pearson spoke and, whilst he came across as very sincere / honest he was clearly a worried man.

The 25 lease which the SMC has from the council is a valuable asset which, according to the Guardian, has been mortgaged to RBS as it has an income stream (from us and the Tiggers) which will repay a level of debt. Whilst I have no inside information I have always assumed that our user agreement is with SMC.

Have SMC guaranteed any of the Tiggers/Bartletts debts as they clearly could given the trading relationship and dependency? Could the administration of the Tiggers drag the SMC down? (I'm sure that it would find a buyer but who?). Has the council got a clause in the lease which means that it reverts to them on insolvency - RBS would probably step in and sell SMC/lease as a going concern to avoid insolvency.

I feel sure that our only issue might be dealing with a "new" SMC (and we may no longer be allowed to use the jazzy scoreboard). Would be nice if the SMC could be acquired by Hull FC or a neutral party in this eventuality rather than being always linked to the football club's owners who seem to abuse it rather than respect it as an asset of the city..
RankPostsTeam
Player Coach8546No
Team
Selected
JoinedServiceReputation
Aug 200519 years
OnlineLast PostLast Page
Mar 2024Mar 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED
PM
Quiz Score: 0
FOLLOW
IGNORE



Quote: Jake the Peg "Because Hull is like a big village'"


Cottingham?
RankPostsTeam
Club Coach12415
JoinedServiceReputation
Jan 200520 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED
PM
Quiz Score: 0
FOLLOW
IGNORE



Quote: Jake the Peg "Because Hull is like a big village'"

royston vasey
RankPostsTeam
Player Coach5208No
Team
Selected
JoinedServiceReputation
Oct 200519 years
OnlineLast PostLast Page
Feb 2014Sep 2010LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED
PM
Quiz Score: 0
FOLLOW
IGNORE



Quote: hull smallears "Cottingham?'"

North Hull in disguise
RankPostsTeam
Player Coach5629No
Team
Selected
JoinedServiceReputation
Aug 200519 years
OnlineLast PostLast Page
Feb 2021Feb 2020LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED
PM
Quiz Score: 0
FOLLOW
IGNORE



Quote: Jake the Peg "From scanning through the information available it looks to me like the SMC and city are pretty much one and the same to RBS as bartlett owns both, has provided guarantees and hocked the lease. I'm assuming it is the SMC lease, not city's as the former has commercial value whereas the 2nd one doesn't.

The council really, IMO, should have had clauses in the lease to prevent this so maybe it is city's lease they have which really isn't worth anything other than to someone who buys city.

You'd hope also that there are clauses in the lease where it is cancelled in circumstances of insolvency, which will protect us in these circumstances.'"

They 'Should' be totally separate!
RankPostsTeam
Player Coach5208No
Team
Selected
JoinedServiceReputation
Oct 200519 years
OnlineLast PostLast Page
Feb 2014Sep 2010LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED
PM
Quiz Score: 0
FOLLOW
IGNORE



Quote: Holty "They 'Should' be totally separate!'"

But i think now we know they are not......
72 posts in 6 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, Kosh , Roland_R , Karen
72 posts in 6 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, Kosh , Roland_R , Karen



All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.

Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.

RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.

Copyright 1999 - 2024 RLFANS.COM

You must be 18+ to gamble, for more information and for help with gambling issues see https://www.begambleaware.org/.



Please Support RLFANS.COM


10.94873046875:5
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
8m
DoR - New Coach - Investor & Adam - New signings
 Armavinit
4040
16m
Film game
 karetaker
5733
34m
Game - Song Titles
 Cokey
40790
48m
Salford
 karetaker
52
Recent
Fixtures 2025
 Bull Mania
4
Recent
IMG Score
 Bull Mania
83
Recent
Salford placed in special measures
 FIL
106
Recent
Salary Cap Changes Blocked - 11 votes to 1
 Bent&Bon
6
Recent
2025 Betfred Super League Fixtures
 MjM
21
Recent
Pre Season - 2025
 Irregs#16
188
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
27s
Ground Improvements
 Trojan Horse
188
31s
Salary Cap Changes Blocked - 11 votes to 1
 Bent&Bon
6
32s
Film game
 karetaker
5733
34s
Game - Song Titles
 Cokey
40790
40s
IMG Score
 Bull Mania
83
42s
Castleford sack Lingard
 Another Cas
16
49s
Fixtures 2025
 Bull Mania
4
50s
ALL NEW 49ERS ERA LEEDS UTD THREAD
 chapylad
2607
2m
Transfer Talk V5
 Jack Burton
508
3m
Pre Season - 2025
 Irregs#16
188
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Salary Cap Changes Blocked - 11 votes to 1
 Bent&Bon
6
TODAY
Fixtures 2025
 Bull Mania
4
TODAY
Spirit of the Rhinos
 Jack Burton
4
TODAY
Mike Ogunwole
 Wanderer
1
TODAY
Bailey Dawson
 Wanderer
1
TODAY
2024
 REDWHITEANDB
14
TODAY
Dan Norman Retires
 Cokey
1
TODAY
How many games will we win
 Trojan Horse
36
TODAY
Leigh Leopards - 2025 Fixtures
 Bent&Bon
6
TODAY
Catalan Away
 Dannyboywt1
6
TODAY
2025 Betfred Super League Fixtures
 RLFANS News
1
TODAY
2025 fixtures
 Smiffy27
15
TODAY
Fixtures
 Willzay
13
TODAY
Salford
 karetaker
52
TODAY
WCC Off
 Choc Ice
11
TODAY
Leeds away first up
 FIL
50
TODAY
Jake McLoughlin
 Wanderer
1
NEWS ITEMS
VIEWS
2025 Betfred Super League Fixt..
1029
Magic Weekend 2025 - Back To N..
635
England Beat Samoa To Take Tes..
1361
England's Women Demolish The W..
1186
England Beat Samoa Comfortably..
1426
Operational Rules Tribunal –..
1209
IMG-RFL club gradings released..
1470
Wakefield Trinity Win Champion..
2008
Hunslet Secure Promotion After..
2214
Trinity Into Play Off Final Af..
2458
Wigan Warriors Crowned Champio..
2023
York Valkyrie Win Back to Back..
2265
Hunslet Book Relegation Play O..
2732
Penrith Panthers Secure Fourth..
2156
Wigan Humiliate Leigh For Gran..
2233