Quote: DSJ1983 "Most interesting for me was the stadium comments. So despite the victimhood some of our fans have manufactured about the SMC and no doubt helped by lies spread by Rovers fans AT said him and David have looked at the lease and think it’s a very good deal. Two self made businessmen worth half a billion quid have looked at it and knowing the terms have decided to buy the club, I think we can safely say it’s a complete myth when white trolls claim the rent is ‘crippling’ Hull.
Also, maybe it’s just my interpretation but the words AT used were interesting. He said they didn’t really want to re-negotiate the lease. I know it’s been mentioned on here but never confirmed that the lease is actually for 50 years but the 25 year point was simply there for re-negotiation if circumstances had majorly changed. To me that seems to make massive sense now. I find it hard to believe the club would have been sold especially to major players like that had there been any chance we could be ‘booted out’ and left homeless in 3 years, again another popular myth mostly peddled by our red and white friends. AP and AT seemed very relaxed about the situation and seems maybe as fans we’ve put too much emphasis on the 2027 stadium situation.'"
We are lucky to play at one of the best stadiums in the North of England. We might not own the ground but therein lies the business opportunity. To compare our clubs situation to that of the unwashed across the river (as so many of them do) is futile. Both clubs have been close to liquidation over the years and have dealt with the situation in different ways due to the circumstances at the time. A SWOT analysis of any business would reveal premises ownership to be in both the Strengths and Weakness column. Hull FC doesn't have the capital costs of stadium purchase or the maintenance, cleaning, refurbishment and revenue costs (as they are included as set costs in the lease agreement) of maintaining a deprecating stadium asset. Providing the club ensures that revenue streams increase and exceed revenue costs over a counting periods Hull FC is a financially viable business. The business opportunities will be realised by improving first team performance and improvement of community involvement. This will see increasing attendances which will drive the other elements of the match day experience.
All of this "Hull City's tenants" stuff is complete nonsense. Hull FC at the best stadium in the league is good for all parties concerned. Even Paul Lakin recognises it, which leaves him out of sync with the majority if his club's supporter base!
