FORUMS > Hull FC > The Premier League and dual use pitches |
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| Quote: Big Dave T "The sky money goes up next season for city by a huge amount. They could finance it through that if they needed to i reckon.'"
Whilst the money does go up city still owe around £18m even if they stay up, If there was any truth in this story surely bbc sky etc would have picked up on it
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| Quote: clubfoot fc "Whilst the money does go up city still owe around £18m even if they stay up, If there was any truth in this story surely bbc sky etc would have picked up on it'"
You'd imagine they would.
They owe 18mill. The sky money goes up by about 20mill i think so it would easily finance taking more debt on.
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| the premier league cant just kick city out of the premier league like that its not like they have franchise systems anyway, we dont need to worry as city will be going down, like someone said we have a 100 year lease with it looked at after 25 years so were in it for another 17 years. all i can say is the premier league and city can go and f&ck off
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| Quote: Big Dave T "You'd imagine they would.
They owe 18mill. The sky money goes up by about 20mill i think so it would easily finance taking more debt on.'"
Can you really see Bartlett spending that money on satdium when the team has struggled to avoid relegation for two seasons (and thats assuming they survive in the top flight, which I see no signs of just yet)
There are very few football fans in the Hull City Council cabinet.
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| Quote: Big Dave T "You'd imagine they would.
They owe 18mill. The sky money goes up by about 20mill i think so it would easily finance taking more debt on.'"
As it stands at the minute the Pearson has said that they have to borrow each month to pay wages, they plan to build a new training ground near goole if they stay up,
I'l be amazed if city have the funds or can get the finance bearing inmind what the accounts have said in their last 2 reports.
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| Quote: arliebird "the premier league cant just kick city out of the premier league like that its not like they have franchise systems anyway, we dont need to worry as city will be going down, like someone said we have a 100 year lease with it looked at after 25 years so were in it for another 17 years. all i can say is the premier league and city can go and f&ck off'"
how very forward thinking.
Does anyone really think that FC or City could AFFORD to be sole tenant in the KC?
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| Quote: clubfoot fc "As it stands at the minute the Pearson has said that they have to borrow each month to pay wages, they plan to build a new training ground near goole if they stay up,
I'l be amazed if city have the funds or can get the finance bearing inmind what the accounts have said in their last 2 reports.'"
they going down anyway
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| Quote: clubfoot fc "As it stands at the minute the Pearson has said that they have to borrow each month to pay wages, they plan to build a new training ground near goole if they stay up,
I'l be amazed if city have the funds or can get the finance bearing inmind what the accounts have said in their last 2 reports.'"
The point here though is city will find the funds if the ultimatum is given to them by the premier league. An agreement would be found between FC and City via the SMC and i'm pretty sure we would move out to a new ground through hefty compensation. (it is likely to never happen but if the premier league did instruct City that they had to be sole occupants)
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| Quote: Big Dave T "The point here though is city will find the funds if the ultimatum is given to them by the premier league. An agreement would be found between FC and City via the SMC and i'm pretty sure we would move out to a new ground through hefty compensation. (it is likely to never happen but if the premier league did instruct City that they had to be sole occupants)'"
They would have to give at least 3 years notice, and in those three years City would probably get relegated anyway, meaning it was an expenisve and pointless exercise.
Buying the stadium, land (including Walton Street) etc. would be at least £80m, FC would want at least £250k compensation for every year of the lease left remaining (the full lease, not just the period until the next negotiation), so at 85 years around £20m (to pay for the new stadium).
Then there would be the inevitable legal challenges, the fact that the FA could no longer be seen to allow Man U use Old Trafford for Rugby, or Wembley for anything other than football.
More chance of getting DoDo burgers at Catalans away.
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| Quote: Standee "They would have to give at least 3 years notice, and in those three years City would probably get relegated anyway, meaning it was an expenisve and pointless exercise.
Buying the stadium, land (including Walton Street) etc. would be at least £80m, FC would want at least £250k compensation for every year of the lease left remaining (the full lease, not just the period until the next negotiation), so at 85 years around £20m (to pay for the new stadium).
Then there would be the inevitable legal challenges, the fact that the FA could no longer be seen to allow Man U use Old Trafford for Rugby, or Wembley for anything other than football.
More chance of getting DoDo burgers at Catalans away.'"
As you say, it's highly unlikely but not impossible.
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| Quote: Big Dave T "As you say, it's highly unlikely but not impossible.'"
To be honest, it must be a slow news day or something, well, at least for sports writers!
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| 1) The stadium can not be sold the council tied it up very well
2) There are two joint main users Hull city and Hull FC, they are protected by the user agreement from each other and anyone else.
Its someones attempt at stirring
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| Quote: Ian P "1) The stadium can not be sold the council tied it up very well
2) There are two joint main users Hull city and Hull FC, they are protected by the user agreement from each other and anyone else.
Its someones attempt at stirring'"
1) They'll find a way if they need to.
2) Yes they are protected which is why we've been discussing compensation for one of the users.
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| If City do stay up and it’s a big if one obstacle to finding someone to buy them is the fact the KC doesn’t belong to them. If the City Council did agree to the sale of the stadium this could make the purchase of the club an attractive proposition. Would the Council then upgrade the Boulevard with a portion of the proceeds?
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| Quote: Big Dave T "As you say, it's highly unlikely but not impossible.'"
There is a point at which the probability of something happening so closely approaches zero that to all intents and purposes it can be considered to be impossible.
This is getting into that territory.
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