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| Quote Large Paws="Large Paws"As far as I know it costs more to stage a football game than a RL game.'"
Depends on what is included in the rent.
I wouldn't expect Hull City Council to include the cost of stewards and the police in the rent. If they provide the stewards then it should be charged separately. Renting the KC for the day should be the same whether its Rugby League or Association Football.
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| Quote Obadiah="Obadiah"Hull FC have a legally binding agreement with the SMC. The SMC has a legally binding lease with Hull City Council. Hull FC have user rights at the KC but no tenancy agreement, hence no legal rights as tenant. That is according to Hull City Council in one of their papers to the Scrutiny Committee.
As far as I know Hull FC's agreement with the SMC is similar to Hull City's. Its based on a percentage of gate receipts which is why Hull City pay more.
If the lease is revoked by Hull City Council they become landlords and the agreements with the SMC for both City and FC become worthless. New agreements with both clubs have to be agreed and put in place. The market rate for the stadium hire per game will be more or less the same for both clubs unless the Allams agree to pay substantially more.
I doubt many solicitors would have predicted the behaviour of Assem Allam.
I doubt whether many Councillors are looking forward to becoming landlords of the KC. They may be hoping that the Allams will back down and put the Airco back into its previous condition.'"
I agree the council have little appetite to run the stadium, they set up the SMC in the first place to have a cost-neutral third party custodian, foregoing a share of the income generated for the avoidance of cost and hassle of running it themselves. They found a reasonable partner in AP, but didn't future-proof the arrangement. The deal looks like it's similar to the one they struck with Hull KR when they repurchased the freehold of New Craven Park to allow Rovers to avoid folding, then set up a peppercorn lease with Gaingroup who sublet to Rovers. I'm not sure of the split of cost ownership between Gaingroup (now KCD) and Hull KR, but KR get all the stadium revenue and pay for maintenance, stewarding etc. Essentially it looks like all the clubs are rent free, courtesy of the council? It would seem that costs at the KC are broadly allocated on gate receipts - you have, what, double our gates, twice as many fixtures and charge 50% more, roughly an uplift of x6
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| Quote Mrs Barista="Mrs Barista"I agree the council have little appetite to run the stadium, they set up the SMC in the first place to have a cost-neutral third party custodian, foregoing a share of the income generated for the avoidance of cost and hassle of running it themselves. They found a reasonable partner in AP, but didn't future-proof the arrangement. The deal looks like it's similar to the one they struck with Hull KR when they repurchased the freehold of New Craven Park to allow Rovers to avoid folding, then set up a peppercorn lease with Gaingroup who sublet to Rovers. I'm not sure of the split of cost ownership between Gaingroup (now KCD) and Hull KR, but KR get all the stadium revenue and pay for maintenance, stewarding etc. Essentially it looks like all the clubs are rent free, courtesy of the council? It would seem that costs at the KC are broadly allocated on gate receipts - you have, what, double our gates, twice as many fixtures and charge 50% more, roughly an uplift of x6'"
the deal is also similar to Swansea City's which has been criticised by the EU. If the lease was terminated by the Council any future lease would have to be profitable. However its probable the Allams would want to pay the same rent as Hull FC for use of the stadium. If you rent office space you'd expect to pay the same price per square foot as the other tenants unless you got extras in the tenancy. The rent wouldn't be dependant on how much profit you made.
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Player Coach | 5410 | No Team Selected |
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| Quote Obadiah="Obadiah"the deal is also similar to Swansea City's which has been criticised by the EU. If the lease was terminated by the Council any future lease would have to be profitable. However its probable the Allams would want to pay the same rent as Hull FC for use of the stadium. If you rent office space you'd expect to pay the same price per square foot as the other tenants unless you got extras in the tenancy. The rent wouldn't be dependant on how much profit you made.'"
Not sure of all the financials involved but wouldn't city be financially better off if the lease was terminated, a lease per foot agreed and put them in a more saleable position? So if Allam has given up on getting the KC he would be better off forcing the councils hands to Cancel the lease and almost set the rent at what he's willing to pay as who else will go in there.
The councils only other option would be to leave it empty and let it rot.
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Club Owner | 888 | No Team Selected |
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| Quote Obadiah="Obadiah"the deal is also similar to Swansea City's which has been criticised by the EU. If the lease was terminated by the Council any future lease would have to be profitable. However its probable the Allams would want to pay the same rent as Hull FC for use of the stadium. If you rent office space you'd expect to pay the same price per square foot as the other tenants unless you got extras in the tenancy. The rent wouldn't be dependant on how much profit you made.'"
It is only fair if it is done per match and only for the hire of the stadium, staffing and security would need to be an additional fee, as we already know the soccer fans find it hard to control themselves
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| Quote Obadiah="Obadiah"Hull FC have a legally binding agreement with the SMC. The SMC has a legally binding lease with Hull City Council. Hull FC have user rights at the KC but no tenancy agreement, hence no legal rights as tenant. That is according to Hull City Council in one of their papers to the Scrutiny Committee.
As far as I know Hull FC's agreement with the SMC is similar to Hull City's. Its based on a percentage of gate receipts which is why Hull City pay more.
If the lease is revoked by Hull City Council they become landlords and the agreements with the SMC for both City and FC become worthless. New agreements with both clubs have to be agreed and put in place. The market rate for the stadium hire per game will be more or less the same for both clubs unless the Allams agree to pay substantially more.
I doubt many solicitors would have predicted the behaviour of Assem Allam.
I doubt whether many Councillors are looking forward to becoming landlords of the KC. They may be hoping that the Allams will back down and put the Airco back into its previous condition.'"
again, a LINK TO THE FACTS. Hull FC signed a lease agreement, stop peddling your nonsense, it's embarrassing for you.
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Quote HullFC_1865="HullFC_1865"again, a LINK TO THE FACTS. Hull FC signed a lease agreement, stop peddling your nonsense, it's embarrassing for you.'"
Hull City Council briefing note Date 12 December 2014
"2.2 Hull City Council built the KC Stadium in 2002 at a cost of approximately £44m. The
stadium is subject to a 50 year head lease with the Stadium Management Company
(SMC) and Mr Adam Pearson dated 1st September 2004. The lease indicates that at
the point of completion Mr Pearson was the sole shareholder of the SMC. Hull City
Football Club and Hull FC Super League have user rights, but are not tenants with a
legal interest in the property"
Link: https://cmis.hullcc.gov.uk/CMIS/Documen ... Ff55vVA%3D
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Quote HullFC_1865="HullFC_1865"again, a LINK TO THE FACTS. Hull FC signed a lease agreement, stop peddling your nonsense, it's embarrassing for you.'"
Hull City Council briefing note Date 12 December 2014
"2.2 Hull City Council built the KC Stadium in 2002 at a cost of approximately £44m. The
stadium is subject to a 50 year head lease with the Stadium Management Company
(SMC) and Mr Adam Pearson dated 1st September 2004. The lease indicates that at
the point of completion Mr Pearson was the sole shareholder of the SMC. Hull City
Football Club and Hull FC Super League have user rights, but are not tenants with a
legal interest in the property"
Link: https://cmis.hullcc.gov.uk/CMIS/Documen ... Ff55vVA%3D
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Quote Obadiah="Obadiah"Hull City Council briefing note Date 12 December 2014
"2.2 Hull City Council built the KC Stadium in 2002 at a cost of approximately £44m. The
stadium is subject to a 50 year head lease with the Stadium Management Company
(SMC) and Mr Adam Pearson dated 1st September 2004. The lease indicates that at
the point of completion Mr Pearson was the sole shareholder of the SMC. Hull City
Football Club and Hull FC Super League have user rights, but are not tenants with a
legal interest in the property"
Link: https://cmis.hullcc.gov.uk/CMIS/Documen ... Ff55vVA%3D'"
So "legal interest in the property", that doesn't mean a LEGAL TENANCY AGREEMENT, enjoy championship football, troll.
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Quote Obadiah="Obadiah"Hull City Council briefing note Date 12 December 2014
"2.2 Hull City Council built the KC Stadium in 2002 at a cost of approximately £44m. The
stadium is subject to a 50 year head lease with the Stadium Management Company
(SMC) and Mr Adam Pearson dated 1st September 2004. The lease indicates that at
the point of completion Mr Pearson was the sole shareholder of the SMC. Hull City
Football Club and Hull FC Super League have user rights, but are not tenants with a
legal interest in the property"
Link: https://cmis.hullcc.gov.uk/CMIS/Documen ... Ff55vVA%3D'"
So "legal interest in the property", that doesn't mean a LEGAL TENANCY AGREEMENT, enjoy championship football, troll.
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| Quote Obadiah="Obadiah"the deal is also similar to Swansea City's which has been criticised by the EU. If the lease was terminated by the Council any future lease would have to be profitable. However its probable the Allams would want to pay the same rent as Hull FC for use of the stadium. If you rent office space you'd expect to pay the same price per square foot as the other tenants unless you got extras in the tenancy. The rent wouldn't be dependant on how much profit you made.'"
There's no rent payable though, is there? There are central costs of maintenance, utilities, stewarding, ticketing and so on. Many of these vary with customer volumes, not simply occasions of use, surely?
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| Quote HullFC_1865="HullFC_1865"So "legal interest in the property", that doesn't mean a LEGAL TENANCY AGREEMENT, enjoy championship football, troll.'"
Having a legal interest in a property does mean having a legal tenancy or lease agreement.
The City Council document says that Hull FC have user rights but are not tenants with a legal interest in the property. What the documents says is neither Hull City or Hull FC have any legal interest in the KC because they are not tenants.
Hull FC have a contract which is legally binding with the SMC for the use of the KC. That isn't transferable to the Council if the lease is revoked.
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| Quote Obadiah="Obadiah"Having a legal interest in a property does mean having a legal tenancy or lease agreement.
The City Council document says that Hull FC have user rights but are not tenants with a legal interest in the property. What the documents says is neither Hull City or Hull FC have any legal interest in the KC because they are not tenants.
Hull FC have a contract which is legally binding with the SMC for the use of the KC. That isn't transferable to the Council if the lease is revoked.'"
again, untrue.
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