The biggest misconception Assam Allam has said is [I do it for the community, what a load of rubbish. Assam Allam does what he does for ASSAM ALLAM. People even Hull City supporters can now read him like a book, hopefully when his appeal is turned down he will stick to his word and go, but I would not hold my breath. If he does decide to go he will try to make as much trouble for the council and Hull FC as he can.

He is not going to go until he gets his loans back either from the sale of the club or the next chunk of money from the Premier League.
Hull City are not an attractive purchase proposition given the Allam loan debt so my guess is he will start to recover the loan sum in a series of large repayments.

Said it ages ago, he's made the club unsaleable.

Just hope for City's sake that if they get relegated he doesn't pocket the parachute payments to pay off his debt and let the club rot.

It's easy, you put yourself as the owner and members of your family on the payroll at unsustainable levels including perks/pension payments etc, you take out borrowings from other parts of your business at a suitable rate of interest that could act as funds to pay back the acquisition of the contract but are described as being for something else. You acquire materials at what seems full market price yet retain a discount elsewhere within your business as a backhander. You price out community events so that the uptake is so poor that revenue drops dramatically. You take on loss leading events but refuse money spinners and so on and so forth.
With his business empire it won't be difficult and the reality is that it probably isn't hurting him a single penny in the long run.

The council are gutless, toothless and inept.

It's simply the classic pre-Management Buy Out situation.

Run the business to incur losses to a point where the owners (HCC) simply want to unload the operation.

A forensic audit of the SMC's accounts would soon discover the changes that led to the SMC going from making modest profit to massive losses, I just hope HCC have the powers and the wherewithall to order such an audit

Just downloaded copies of accounts for SMC, City and Hull - they cost 96p each.

To 30 June 2014, it seems SMC income from City was £4.3m, compared to our £531k

Costs for City were £1.8m compared to our £1.2m.

City's and SMC have the same accounting period, so some of the numbers should match up .........??

(City getting parachute payments that year.)

I wonder how much money his International Squash thing made? Oh dear.

I wonder how much money his Polo thing made? Oh dear.

How many events does the arena host now? Oh dear.

When was the last time the stadium hosted anything other than a football / rugby game apart from Allams little hobbies?

If they can't see that he's using the stadium as his personal plaything then I despair.

It would be very interesting to see the break down of the costs and also the basis of allocation of those costs. On the basis we get use of the stadium for first team games ONLY (13 SL games, a friendly against rovers after perhaps a cup game) let's say 15 a season. City get use of the stadium for first team games, some U21 games, training etc, the costings look "manipulated" to say the least. 40% of total cost for 20% (estimated) usage does not add up.

The recent increases in food and drink prices is also either poor management (if they make a loss on food and drink then they really are business inept) or an attempt to reduce income from RL games further as less people will pay the now extremely over priced things they sell.

Either way, as a tenant of a facility owned by the public sector I would hope the management of Hull FC are in communications with the owners about this situation and why it appears the figure look stacked against Hull FC.

Allam is out to destroy Fc that there is no doubt. Reason being his failure to get the Kc and more so the land.Since he was knocked back he has stepped up his aims to drive Fc away and his hope is the fans will turn on the council who he hates even more. I said months ago I feared for our great Club and shutting the Raich Carter suite for the presidents ect is another vindictive move.Wilf is correct in his views on Humberside they never really get into Allam and always side with him whatever he does.HDM are the same ,today the they had a article on the SMC yet did not allow anyone to comment on it..Why? they know it will be full of negatives against Allam and they will not let that happen. It time for the council to act before it is to late or we will not see Fc for many more years ,probably 2/3 and he will get what he wants

Have a look at the notes to the accounts for 2010 which Allam signed off. FC made a positive contribution to the SMC before indirect cost allocation.

As stated elsewhere, we put £600k into the SMC each year. A loss of £1.1m implies it costs £1.7m for us to play at the KC 13 times. £131k per game. Does anyone know what the costs are for Wigan and Huddersfield?

Did the SMC make a profit on the squash and polo?

The HDM and RH won't pose any challenging questions, that's the only certainty.

Maybe its time the citizens of Hull started asking the stadium owners then.

And presumably [url=http://www.hullcityindependent.net/?page=news&news_id=1641this[/url has some effect on Mr A too?