Quote: number 6 "maybe the council have sounded 'someone' out to take over the smc if the allams are stripped of the control!'"
The SMC belongs to the Allams they would have to sell it for someone to take it over.
The council can "evict" the SMC from the KC complex for a breach the terms of the lease. If the court finds in their favour over the Airco they would have legal grounds for terminating the lease.
Anyone taking over the running of the complex would have to negotiate new agreements with Hull FC and Hull City AFC for the use of the stadium.
Complicated isn't it? No wonder Hull City Council have taken their time. Hopefully they've spent it wisely and asked all the right questions.