why would we be nearly crying...... maybe because we cant get into a million pounds worth of debt?

sorry wilf was meant to quote salthouse red

also sorry mods im rushing to get ready for work lol

Exactly why would we want a debt after working so hard to eradicate our own debt, the only green eyed monsters about are Rovers who are jealous of our current financial situation.

Regarding Allam buying the stadium, i just cannot see what the council would really gain from it. People who know the intricacies of local council have alluded to the fact that any money from the sale would only be allowed to be spent on certain projects. Unless the stadium is losing money year in year out then the council will gain nothing from this apart from feelings of hatred from certain sections of the voting public.

If they are going to sell the stadium, why waste millions on redeveloping west park with some rusty lights etc, if Allam has plans to build a sports village, he would surely be looking to buy up the real estate surrounding the stadium as well.

It all sounds very Lloyd-esque to me, someone coming in spouting visions and great intentions, till something doesn't go their way and then the next thing we will see is chains and locks on the stadium to deny access.

Exactly what concerned me, his comments stating we already enjoy using the facilities from when he bought Hull City, he seems to think he owns the stadium already and the rest is just a formality, maybe (hypothetically) certain Councillors have given him assurances after his generous donation. What Mr Allam needs to digest is that he bought a football club and the stadium wasn't thrown in for good measure, oh and FC already had use of the facilities before he came along.

I goes to show either his stupidity or arrogance, or both.

Don't forget the £4.2M borrowed for the North stand, that would make it £8.7M. Minor little details tend to get overlooked when all you have before your eyes are ££££££££££ signs, vison gets a little impaired.

Jesus and they worship that fool Hudgs, they really are dim



Although never fear Willie's here

That £4.2 is for the whole development and is to be divided between three partners, of whom HKR are one. One thing that has occurred to me is that Allam's money may provide alternative rather than additional funding, to be paid back at a lower rate (eg 0% interest). This would also limit the Councils exposure, as it was they who are to underwrite the loan.

So £3.5m debt you already had...£1m new debt of Uncle Allam...£4.2m debt split 3 ways.....

Phew!! no problems then

On holiday so can anyone give me a quick update of what´s going on or don´t we know?

Hope you had a nice holiday...

Allam went on radio the other week saying KR & FC should merge, and he favoured no club..
It transpired he gave KR £1m soft loan...to add to there present debt...Spent 3 days trying to tell the dobbins it is not a gift and will ave to be paid back, they are having none of it and declare we are jealous (because we have not got ourselfs into £1m debt

)..
Allam is a mad man who now is making noises that he owns the stadium already..

That is about it I think