| FORUMS > Hull FC > SMC Late Filing Accounts |
 |
|
|
| Rank | Posts | Team |
| International Board Member | 37503 |  |
| Joined | Service | Reputation |
| Apr 2003 | 22 years | |
| Online | Last Post | Last Page |
| Apr 2015 | Oct 2014 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
: |
|
| Quote: dessieboy "The same (or very similar) shareholders own Hull City and the Stadium Management Company (SMC). The SMC has a contract from KUHCC to operate the stadium and receives income from
No, you are wrong.
The club gets income from the exec boxes at least.
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 4033 | No
Team
Selected |
| Joined | Service | Reputation |
| Sep 2005 | 19 years | |
| Online | Last Post | Last Page |
| Mar 2014 | Mar 2014 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
17532_1360839985.jpg
t:d7dc4b20b2c2dd7b76ac6eac29d5604e_17532.jpg |
|
|
Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
www.hullcityafc.net/page/WhosWho ... 38,00.html
Your chairman is gets a mention here so it's more than likely rovers who are the "interlinked" club
 |
|
Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
www.hullcityafc.net/page/WhosWho ... 38,00.html
Your chairman is gets a mention here so it's more than likely rovers who are the "interlinked" club
| |
|
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 598 | No
Team
Selected |
| Joined | Service | Reputation |
| Mar 2009 | 16 years | |
| Online | Last Post | Last Page |
| Oct 2024 | Sep 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
Games/PDT_262.gif
:Games/PDT_262.gif |
|
| can anyone explain in hull language please???  |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 29793 | No
Team
Selected |
| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Nov 2024 | Nov 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
: |
|
| Quote: dessieboy "The same (or very similar) shareholders own Hull City and the Stadium Management Company (SMC). The SMC has a contract from KUHCC to operate the stadium and receives income from Hull City and the SMC that there is the potential for creative accounting between the two'"
They are classed as "related parties" by virtue of common control. |
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 598 | No
Team
Selected |
| Joined | Service | Reputation |
| Mar 2009 | 16 years | |
| Online | Last Post | Last Page |
| Oct 2024 | Sep 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
Games/PDT_262.gif
:Games/PDT_262.gif |
|
|
can someone explain in 'hull' language please?
|
|
|
|
|
| Rank | Posts | Team |
| International Board Member | 1232 | No
Team
Selected |
| Joined | Service | Reputation |
| Apr 2003 | 22 years | |
| Online | Last Post | Last Page |
| Apr 2019 | Apr 2019 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
5415.gif
People only become accountants because they lack the charisma to become undertakers.:5415.gif |
|
|
Is it the SMC that run the season pass sales for Hull FC? If so do the SMC take the money first and then pay it over to Hull FC? Anyone know?
|
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 8546 | No
Team
Selected |
| Joined | Service | Reputation |
| Aug 2005 | 19 years | |
| Online | Last Post | Last Page |
| Mar 2024 | Mar 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
17507_1286953982.jpg
Know your Enemy:d7dc4b20b2c2dd7b76ac6eac29d5604e_17507.jpg |
|
| Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
Are you being deliberately stupid? |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 146 | No
Team
Selected |
| Joined | Service | Reputation |
| May 2006 | 18 years | |
| Online | Last Post | Last Page |
| Mar 2019 | Mar 2019 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
Come on you ull: |
|
| Quote: dandaman "can anyone explain in hull language please??? ![]()
Hull City and the SMC, who run the ground, are owned by the same people
|
|
|
|
|
|
| Rank | Posts | Team |
| International Board Member | 6734 | No
Team
Selected |
| Joined | Service | Reputation |
| Jan 2003 | 22 years | |
| Online | Last Post | Last Page |
| Jul 2021 | Jun 2021 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
3738_1390436317.gif
The referee's indecision is final:d7dc4b20b2c2dd7b76ac6eac29d5604e_3738.gif |
|
|
given that hull fc pay a rent to the stadium company - and some of this money here will come from us fans - then if any dodgy transfers are taking place between the smc and hull city then is our money indirectly involved?
|
|
|
|
|
| Rank | Posts | Team |
| International Board Member | 37503 | |
| Joined | Service | Reputation |
| Apr 2003 | 22 years | |
| Online | Last Post | Last Page |
| Apr 2015 | Oct 2014 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
: |
|
| Quote: the artist "given that hull fc pay a rent to the stadium company - and some of this money here will come from us fans - then if any dodgy transfers are taking place between the smc and hull city then is our money indirectly involved?'"
I guess it depends how tenuous you want the word "indirectly" to be taken.
Yes, monies are paid to the SMC for rent of the facility, but that rent covers ground maintenance etc. and also forms the basis of the minimum amount the Council recieve.
IF, and it is a massive IF, there have been any irregularities it is more likely to be the loan taken out in advance of the TV monies has been diverted to prop up other associated businesses owned by Burnett, which would be very difficult unless you had some of the most "creative" accountants going.
Corporate Finance is notoriously complex, even more so given the requirements of the audit of Premiership Club accounts, the whole story has very little to do with FC, other than the fact that the SMC is our landlord, but ultimately they are only there because of the Counci. |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 16983 | No
Team
Selected |
| Joined | Service | Reputation |
| Aug 2008 | 16 years | |
| Online | Last Post | Last Page |
| Mar 2015 | Oct 2013 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
40452_1335639638.jpg
[img:218z2l9g]http://i40.tinypic.com/tz8ti.jpg[/img:218z2l9g]:d7dc4b20b2c2dd7b76ac6eac29d5604e_40452.jpg |
|
| Quote: dandaman "can someone explain in 'hull' language please?'"
eh u wha |
|
|
|
|
| Rank | Posts | Team |
| Club Owner | 29160 | No
Team
Selected |
| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Dec 2012 | Jul 2011 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
: |
|
| Quote: dessieboy "Hull City and the SMC, who run the ground, are owned by the same people'"
Doh.
SMC runs the stadium which is owner by Hull CC.
Hull City own themselves and rent the stadium.
The SMC isnt owner by anyone as far as i can tell. |
|
|
|
|
| Rank | Posts | Team |
| International Board Member | 1232 | No
Team
Selected |
| Joined | Service | Reputation |
| Apr 2003 | 22 years | |
| Online | Last Post | Last Page |
| Apr 2019 | Apr 2019 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
5415.gif
People only become accountants because they lack the charisma to become undertakers.:5415.gif |
|
| Quote: Mrs Barista " I'd be wanting a "belt and braces" audit .'"
Would you just be wearing belt and braces or would you have those shoes on as well? |
|
|
|
|
| Rank | Posts | Team |
| Club Owner | 29160 | No
Team
Selected |
| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Dec 2012 | Jul 2011 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
: |
|
| Quote: Standee "I guess it depends how tenuous you want the word "indirectly" to be taken.
Yes, monies are paid to the SMC for rent of the facility, but that rent covers ground maintenance etc. and also forms the basis of the minimum amount the Council recieve.
IF, and it is a massive IF, there have been any irregularities it is more likely to be the loan taken out in advance of the TV monies has been diverted to prop up other associated businesses owned by Burnett, which would be very difficult unless you had some of the most "creative" accountants going.
Corporate Finance is notoriously complex, even more so given the requirements of the audit of Premiership Club accounts, the whole story has very little to do with FC, other than the fact that the SMC is our landlord, but ultimately they are only there because of the Counci.'"
And if any discrepencies are found the council would choose a different SMC or management thereof, meaning this still has very little to do with Hull FC  |
|
|
|
|
| Rank | Posts | Team |
| Moderator | 36786 | |
| Joined | Service | Reputation |
| Jul 2003 | 21 years | |
| Online | Last Post | Last Page |
| Aug 2024 | May 2023 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
6505_1460484023.jpg
[i:10za56ci]Hold on to me baby, his bony hands will do you no harm
It said in the cards, we lost our souls to the Nameless One[/i:10za56ci]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6505.jpg |
Moderator
|
| Quote: hull smallears "Are you being deliberately stupid?'"
He's a Rovers fan. They are constitutionally unable to see the SMC and Hull City as two separate companies. |
|
|
|
|
|
|
|
