Quote: carl_spackler "You're not getting what I'm saying, you're not comparing like for like. You're right that a renegotiation would see City pay a market rent, you're wrong in the examples you pick being the same.
West Ham - allegedly getting a ridiculous deal that is at the centre of a media/public backlash questioning/condemning it. You also came up £1m a season, which is half what is rumoured.
Manchester City - Again, where have you got £2m ish from? They agreed to pay £2m a year just for the naming rights, they reportedly pay circa £4m for their overall rent.
Swansea is a closer comparison, but again there has been significant concern over the fact that they only pay a peppercorn rent, so I'm still not sure how you seem to think that these 3 are strong indicators of how much City could expect to pay at market value. Your approach seems to be that if I somehow managed to rip off Audi for a brand new A4 at half price, you should then be able to come to a similar arrangement on a Skodia Fabia.'"
The market rate for the KC would be what Hull FC pay the Council per game for its use.
Manchester City pay £2 million rent and £2 million for the naming rights if your figures are correct. Which means they pay £2 million pa for the stadium. Half of what Hull City AFC paid in 2013-14 accounting year.
Swansea City is similar to us. The football club and rugby club pay monies to the stadium management company for the maintenance of the stadium as well as the peppercorn rent. Both Swansea City and the rugby club each pay over a £1 million a year for the stadium up keep.
My approach is simple, the SMC is making losses and if the lease is revoked Hull City Council will be responsible for running the stadium complex and any losses it makes. Hull City AFC pays rent of £4.3 million which is above what would be judged a market rent, so the rent is likely to be reduced significantly when a new agreement is negotiated. In broad terms it would be similar to the rent Hull FC would pay for use of the same facility. Unless the Allams agree to pay more out of civic duty.
