FORUMS > Hull FC > o/t Allams 'want to buy KC Stadium' |
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27608.jpg Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Standee "Name two that have gone ahead in the last 12 months (and I mean comparable assets)'"
Think you've just joined the paranoid club with Ian. Public assets are regularly changing hands as well you know and before you ask no i can't name any.
Provided there were sufficient safegards to Hull's tenancy and that the Allam business plan was sound and the finance in place, it would certainly make sense for HCC to sell imho. That is providing there were to be some relaxation of the accounting rules, something which doesn't look likely to happen in the near future. Like i've said it sems pointless having an asset if it cannot be turned into cash.
Turn it into Rovers v Hull if you like, but i'm not altogether in favour of the plans for CP either.
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| Quote: EXPRO "what ever happens it will not effect the tenure of FC at the stadium!!'"
Actually, IF a sale was agreed then POTENTIALLY there could be a renegotiation of rights, unless we went to court to secure rights as a "sitting tenant", and even then there are legalities that COULD lead to us being given notice of potential changes.
Our user agreement is fairly tight, but it is not completely concrete (no tenancy agreement ever is), as I have stated, the sale is incredibly unlikely (if not totally impossible).
This really is a diversion story and a bit of chest beating from the Allams, either way they "win", they buy the stadium "unlikely" or in 3 months time the HDM runs the article "Allams ambition thwarted by Council red tape", they can't lose, and it keeps them in the papers (at a time when, do not forget, they have openly stated they are seeking other investors in their project)
[note the words IF, POTENTIALLY and COULD]
And GG, you can't name any because, in terms of things such as stadia, museums etc. it happens as often as hen's visit the dentist.
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23521.jpg [quote="Tarquin Fuego":3e09qe5x] I love Jamie and have done since he was 10 years old. [/quote:3e09qe5x]
[quote="The Reason":3e09qe5x]Hi Andy
The Rugby Football League are in the process of reviewing the video that you are referring to. We do not condone behaviour of this nature and have contacted the player’s employer, Hull F.C., who have confirmed that they are dealing with the incident under their club rules.
Regards,
Matthew[/quote:3e09qe5x]:23521.jpg |
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| Oh and ankles, didn't he put some thing on the unofficial forum about hoping we'd disappear?
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27608.jpg Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Standee "And GG, you can't name any because, in terms of things such as stadia, museums etc. it happens as often as hen's visit the dentist.'"
There are many more 'publically owned assets' other than stadia and museums. Everything is for sale if the price is right.
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| Quote: Gordon Gekko "There are many more 'publically owned assets' other than stadia and museums. Everything is for sale if the price is right.'"
I await your examples with interest.....
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| Quote: Standee "Actually, IF a sale was agreed then POTENTIALLY there could be a renegotiation of rights, unless we went to court to secure rights as a "sitting tenant", and even then there are legalities that COULD lead to us being given notice of potential changes.
Our user agreement is fairly tight, but it is not completely concrete (no tenancy agreement ever is), as I have stated, the sale is incredibly unlikely (if not totally impossible).
This really is a diversion story and a bit of chest beating from the Allams, either way they "win", they buy the stadium "unlikely" or in 3 months time the HDM runs the article "Allams ambition thwarted by Council red tape", they can't lose, and it keeps them in the papers (at a time when, do not forget, they have openly stated they are seeking other investors in their project)
[note the words IF, POTENTIALLY and COULD]
And GG, you can't name any because, in terms of things such as stadia, museums etc. it happens as often as hen's visit the dentist.'"
For once i totally agree, however i am quite confident that the club has already had its standing in stadium documentation checked thoroughly and should a sale go through we would be safe and sound so for once i agree with you!!
However i doubt very much a sale is even close to being a reality
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| Quote: EXPRO "For once i totally agree, however i am quite confident that the club has already had its standing in stadium documentation checked thoroughly and should a sale go through we would be safe and sound so for once i agree with you!!
However i doubt very much a sale is even close to being a reality'"
I have no doubt that the club have had their current documentation checked, but that would be their agreement with the landlord at the time, IF the sale went ahead it would depend on how the transfer of the title was managed, there are ways that any new owner could seek to change the agreement.
But, we must ask ourselves this, even IF the Allams did buy the KC, would they really want to kick out (or make it untennable) for an existing cornerstone tenant (let's not forget that FC's participation was an explicit condition of the whole project getting the go ahead in the first place), as I have said on another thread, where would the Allams raise £80m (which is what they would need), secure against their own personal fortune?
IF, and it's a big IF, they wanted to invest in excess of £100m in a football club, regardless of sentiment, they would not have bought Hull City.
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| Quote: Standee "I have no doubt that the club have had their current documentation checked, but that would be their agreement with the landlord at the time, IF the sale went ahead it would depend on how the transfer of the title was managed, there are ways that any new owner could seek to change the agreement.
But, we must ask ourselves this, even IF the Allams did buy the KC, would they really want to kick out (or make it untennable) for an existing cornerstone tenant (let's not forget that FC's participation was an explicit condition of the whole project getting the go ahead in the first place), as I have said on another thread, where would the Allams raise £80m (which is what they would need), secure against their own personal fortune?
IF, and it's a big IF, they wanted to invest in excess of £100m in a football club, regardless of sentiment, they would not have bought Hull City.'"
Like you say in todays financial wasteland they would not manage to raise that cash or backing from others for the venture, if HC had been a top 6 premiership side then maybe different however that is not the case and it is fodder for the newspapers and their own personal ego spin but it is fanciful at best !!
Also if they did buy the ground their main backbone of their business is FC so we would be under no threat if anything we would be asked to renegotiate a longer contract for their own security !!!
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Hull City and Leeds Rhinos
The Pride Of Yorkshire: |
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| Quote: kingston droolers "For gods sake no no no no no no and no and no no no
At the least the SMC should be part sold so that City and FC both own a chunk of it.
If they buy it we will have a far heavier mill stone round out neck
As for 38k capacity, what a joke, that heap of dung cant muster 11k against a Premier League side'"
But they do get 8,000 more than FC against 2nd Division sides.
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| Quote: Zebra "But they do get 8,000 more than FC against 2nd Division sides.'"
Imagine that, what with them having comparable sides within..... hang on, only football team in Hull, only just beat combined attendances of both RL sides?
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| Quote: Standee "I doubt very much that the Stadium could be sold, funding was secured from other sources (including Sport England) on the premise that it was a community facility. It makes no sense for the Council to sell it's only asset, and if it is, genuinely, "costing them money" it's their incompetence and nobody else's.
FWIW I do not want to see it sold, in fact I'd like to see the rules about the SMC tightened up so that it is not part and parcel of any one club, that way not only is justice being done (as I believe it already is) but importantly, it is SEEN to be being done.'" Sport England didn't put a penny in to the KC. After refusing to back a 35,000 stadium they threatened to withhold funding for all of East Yorkshire if a stadium was built over 25,000. This was all down to Trevor Brooking, who said a 15,000 stadium would have been enough ( a figure the likes of Jim Gardner and Vince Groak wanted and what a short-sighted idea that would have been). After it was built sport England reneged saying the money wasn't required. Bob Murray of Sunderland took up the case with the Football Trust who paid the money (which is why Adam Pearson asked Sunderland to play in the opening match). The RFL contributed nothing. And we are only talking £1.5million which is what Sport England were going to contribute, which is a tiny part of the cost. They should have told sport England to get stuffed and built a 35,000 one then which would have hardly cost much more compared to what extending it would cost now. but obviously sport England's threats made them think twice as they would have been facing "Building KC stops grants for kids swimming pool" and similar headlines.
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| Quote: Zebra "But they do get 8,000 more than FC against 2nd Division sides.'"
no one doubts that Soccer is a much wider viewed sport than RL in all cities and towns , i bet there are a huge lump of Saints fans at many Liverpool matches however i cant see what the point is?
My point was that should the clubs profile be a top 6 premier side overflowing with international names it makes a much tastier proposition for investors than having to go to a match versus Peterborough or someone similar if you see my meaning (thats no insult to peterborough by the way)
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| Quote: Zebra "Sport England didn't put a penny in to the KC. After refusing to back a 35,000 stadium they threatened to withhold funding for all of East Yorkshire if a stadium was built over 25,000. This was all down to Trevor Brooking, who said a 15,000 stadium would have been enough ( a figure the likes of Jim Gardner and Vince Groak wanted and what a short-sighted idea that would have been). After it was built sport England reneged saying the money wasn't required. Bob Murray of Sunderland took up the case with the Football Trust who paid the money (which is why Adam Pearson asked Sunderland to play in the opening match). The RFL contributed nothing. And we are only talking £1.5million which is what Sport England were going to contribute, which is a tiny part of the cost. They should have told sport England to get stuffed and built a 35,000 one then which would have hardly cost much more compared to what extending it would cost now. but obviously sport England's threats made them think twice as they would have been facing "Building KC stops grants for kids swimming pool" and similar headlines.'"
Interesting, i didnt know all of that , is there any links anywhere to more info on this mate??
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| Quote: Zebra "Sport England didn't put a penny in to the KC. After refusing to back a 35,000 stadium they threatened to withhold funding for all of East Yorkshire if a stadium was built over 25,000. This was all down to Trevor Brooking, who said a 15,000 stadium would have been enough ( a figure the likes of Jim Gardner and Vince Groak wanted and what a short-sighted idea that would have been). After it was built sport England reneged saying the money wasn't required. Bob Murray of Sunderland took up the case with the Football Trust who paid the money (which is why Adam Pearson asked Sunderland to play in the opening match). The RFL contributed nothing. And we are only talking £1.5million which is what Sport England were going to contribute, which is a tiny part of the cost. They should have told sport England to get stuffed and built a 35,000 one then which would have hardly cost much more compared to what extending it would cost now. but obviously sport England's threats made them think twice as they would have been facing "Building KC stops grants for kids swimming pool" and similar headlines.'"
Indeed, I read that yesterday when I googled KC Stadium funding.
Vince Groak, short sighted, that's generosity!
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The Pride Of Yorkshire: |
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| Quote: Standee "Imagine that, what with them having comparable sides within..... hang on, only football team in Hull, only just beat combined attendances of both RL sides?'"
You mean second division team gets more for visits of second division teams than 2 top flight clubs get for visit of 2 other top flight teams?
Get City back in the Premier League with an extended stadium and then see as on occasion they had 20,000 more applications for tickets than were available. Quote: Standee "Quote: Standee "Sport England didn't put a penny in to the KC. After refusing to back a 35,000 stadium they threatened to withhold funding for all of East Yorkshire if a stadium was built over 25,000. This was all down to Trevor Brooking, who said a 15,000 stadium would have been enough ( a figure the likes of Jim Gardner and Vince Groak wanted and what a short-sighted idea that would have been). After it was built sport England reneged saying the money wasn't required. Bob Murray of Sunderland took up the case with the Football Trust who paid the money (which is why Adam Pearson asked Sunderland to play in the opening match). The RFL contributed nothing. And we are only talking £1.5million which is what Sport England were going to contribute, which is a tiny part of the cost. They should have told sport England to get stuffed and built a 35,000 one then which would have hardly cost much more compared to what extending it would cost now. but obviously sport England's threats made them think twice as they would have been facing "Building KC stops grants for kids swimming pool" and similar headlines.'"
Interesting, i didnt know all of that , is there any links anywhere to more info on this mate??'"
There was a good article by Trevor Larson, a councillor at the time and involved in the project called "The Green, Green Grass" or something similar. There was a link on Hull City Online at one time but the site has changed since then so I don't know if it is still available.
He had some interesting things to say. Was scathing about the HDM and their negativity.
Apparently Brooking, when asked why 15,000 was enough for Hull but Middlesbrough and Sunderland had just built larger stadiums, was completely unaware that Middlesbrough is half the size of Hull and Sunderland is smaller. Another example of lack of awareness of this city by outsiders. Funniest bit was when a councillor asked Brooking if he didn't remember the last time he had played in Hull? "There was 32,000 there. You lost". There were some very interesting figures about what funding had gone to Sheffield and Leeds and other West Riding based organisations compared to the lack of the same to the East Riding.
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