Quote deslawson="deslawson"The major problem imo is that whether you wanted to buy hull city or hull fc,what are you actually buying ? The ground is council owned so that is the biggest asset gone,I know both clubs are well supported,but is that enough for a big investment.Allam certainly wouldn't sell cheap and pearson is consistently losing money with fc and attendences are falling because of a lack of success on the field,and fans can only take so much failure before they look for something else to spend their money on,its not the cheap days entertainment it used to be im afraid.'"
Actually if you are in control of the SMC and the soccer club it is a very attractive proposition.
The fact that the soccer club doesn't 'own' the ground is neither here nor there as at the present time the SMC & the soccer club go hand in hand so ultimately all the profit goes into your pocket one way or another just like Allam is doing.
He can afford to show a loss on the SMC quite easily by manipulating how things are paid for and by whom to fully ensure there is zero to go back to the council which in all honesty is/was just a leverage tool.
So with zero debt on the ground and only a long term maintenance plan to keep it to standard (which Allem seems not to be doing going by the rusty facade) a tenant that helps offset costs (despite what Allem says FC costing the SMC is bollox) then the risk factor alone is minimal given Hull City's present position both financially and probably within the league itself given they are one of the favourites to go back up.