can someone explain in 'hull' language please?

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?

Are you being deliberately stupid?

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.

eh u wha

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.

Would you just be wearing belt and braces or would you have those shoes on as well?

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

He's a Rovers fan. They are constitutionally unable to see the SMC and Hull City as two separate companies.

The SMC is actually Superstadium Management Co Ltd which is a limited company which turns over approx £1.2m per annum from rents from City and FC, bar and catering takings etc. The shareholders in this company are the same people who own the shares in Hull City AFC hence the close link between the two that Mrs B is talking about.

Same shareholders? You sure.

Absolutely positive.

Can you post a list of them? Just for my interest? (also the number of shares they hold, i'd be interested if their was a genuine conflict of interest)