Quote: carl_spackler "Where are you getting that West Ham figure from? Their rental terms are being kept confidential, and the rumours are £2m+, not £1m. Plus, naming rights for the stadium will be up for grabs as a further income possibility for the LLDC, rather than nailed on for a local firm. I'd wager they'll make much more money that way than KC likely pay., as they also will through their catering.
Also, have you seen the amount of uproar currently going on about how beneficial to West Ham and detrimental to the taxpayer the whole deal has been?
I've no idea what sort of rent might be renegotiated with City/the Council, but the West Ham comparison is fundamentally flawed and meaningless.'"
£2 million is still significantly less than £4.3 million. The naming rights are irrelevant as the KC has already been named, unless the Council take the opportunity to rename the stadium. KC presumably has a contract with the SMC not the Council for the naming rights.
I understand the rent Hull City AFC and Hull FC pay is calculated on revenue from pass and ticket sales (including cash). The last accounts did not take into account the large increase in prices and we only had two FA Cup matches at home.
If the Council take back the lease then the rent will be negotiated between the council and Hull City AFC. The old agreement will be dead in the water. I expect it to be considerably less than what Hull City AFC are paying now.
