Quote: Obadiah "1. Only if the SMC makes profits. If they make losses the money for the losses has to be found from somewhere else within the Allam empire. The accounts suggest that Hull City AFC lent monies to the SMC to fund the losses.
2. The last set of accounts showed the SMC made a loss of £1.1 million from hosting Hull FC matches. Without opening the books it is impossible to say whether that figure is accurate, but that's the figure in the published accounts.
3. Hull Tigers don't exist and have never been promoted.
4. I think a large part of the additional expenditure came from structural repairs to the stadium. Again without open books we'll never know.'"
Is it not true the SMC made a loss from selling training grounds?
That have nothing at all to do with the SMC but are every thing to do with Hull City AFC.