Quote: hull smallears "Is the following though still true or not;
1. Whatever Hull City pay the SMC, is largely Allam paying himself some money from one company to another one.
2. They have not disclosed fully the SMC accounts so that they can be scrutinised as to why and how the alleged losses are accrued?
3. I would think a lot of expenditure lumped under the SMC is as a direct result of Hull Tigers promotion, and so therefore should be borne solely out of the outrageous additional income the Tigers received. Seems convenient though to show this as an SMC loss.'"
I believe you are right, I have looked for full SMC accounts and can find only the most basic returns, the SMC should always have been independent of any organisation operating commercially within the stadium (regardless of that being City,FC, Kr etc.) the Airco Arena should also simply not be available to City, it was intended as a community facility.
The sooner this sorry mess gets cleared up the better, for everyone, including the toothless tigers.