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Ehab was on Humberside when we were in the traffic jam on the M62 trying to get to Wigan, they haven't said a public word since, that was the 13th March.

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The KC pitch was changed to accommodate Hull City being in the Europa league which lasted for the grand total of one game and now Hull FC have to play on a shorter pitch, and now the Arena has been changed and local community clubs aren't allowed to use this facility! ......And this stadium and facilities was meant to be a gift to the citizens of Hull and the local community after the KC shares made so much money! ......My a*se!

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Quote: Mild Rover "A lot of clubs do run at a loss though. Even those that run at a profit, it's hard to define how much of that is attributable to the stadium. You need one, in the same way a taxi driver needs a cab, but it's an expense to tax, maintain, put fuel in and insure it - it's driving it that makes the money.
And my point was can it be run at minimal risk to the public purse with current tenancy agreements? It doesn't really matter how successful Hull and City are, if the SMC doesn't breakeven - unless they voluntarily chuck more money in. Even in it's days of profitability, it was only modestly profitable and adding in events didn't help much.
To return to my rubbish taxi analogy, if I rent a car to a driver on very generous terms, but remain responsible for servicing it, petrol etc, then even if he or she is doing well, I can still lose money.'"

The current tenancy agreements would be null and void if the smc lose their right to manage the stadium so it would be up to the clubs and the council to negotiate something new. Currently, city have an income at least 20 X that of Hull yet their proportion of the costs are not being split anywhere near that. I'm sure that Hull have been hit (albeit notionally) with costs of upgrades to meet premier league requirements. No doubt the airco arena changes and the led lighting will be paid through the smc and will be added to the supposed defecit between what we pay and what the smc claims our costs really are.

My point is there are plenty of clubs doing OK with only 1 tenant at the stadium. Having 2 does not double to overall costs so should be more cost effective.

It's all irrelevant as the smc won;t lose it's agreement

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Quote: Jake the Peg "The current tenancy agreements would be null and void if the smc lose their right to manage the stadium so it would be up to the clubs and the council to negotiate something new. Currently, city have an income at least 20 X that of Hull yet their proportion of the costs are not being split anywhere near that. I'm sure that Hull have been hit (albeit notionally) with costs of upgrades to meet premier league requirements. No doubt the airco arena changes and the led lighting will be paid through the smc and will be added to the supposed defecit between what we pay and what the smc claims our costs really are.

My point is there are plenty of clubs doing OK with only 1 tenant at the stadium. Having 2 does not double to overall costs so should be more cost effective.

It's all irrelevant as the smc won;t lose it's agreement'"


Your tenancy would be secure, legally as well as because it is common sense. I'm pretty sure a tenancy isn't affected by a letting agent or even landlord going bust. But yeah, there'd have to be at least some cosmetic changes. I like your 5% plan. icon_lol.gif
I hadn't thought the smc would lose the agreement, and they still probably won't - but they do seem to be bashing away at the self destruct button pretty vigorously right now.

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Quote: Mild Rover "Your tenancy would be secure, legally as well as because it is common sense. I'm pretty sure a tenancy isn't affected by a letting agent or even landlord going bust. But yeah, there'd have to be at least some cosmetic changes. I like your 5% plan. icon_wink.gif icon_lol.gif icon_lol.gif

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And a £50k / £60k job and they've used the "If you haven't heard from us within 2 weeks please assume you were unsuccessful" line.

They must be expecting a flood of applicants to not be able to afford a stamp for the "thanks but no thanks" letter.

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Quote: Mrs Barista "What are the scenarios for action? Forcing the SMC to make good the Arena surface, revoke the City exclusivity and open the venue up again? Or further-reaching than that, to the extent of lease termination?'"


hopefully after the weekend I hope to be in a position to answer most of those questions.

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Quote: UllFC "If only there was someone in Hull with a track record of managing the SMC to make a profit icon_thumb.gif

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That's John North job that is advertised and I see the facility Managers job (the next level down) is also being advertised as well. Knowing John North as I do from a past life I don't think he will have been pushed, he knows the job inside out, he built to blooming place, so one can only assume that these current post holders have had enough.

As for Webbo's input on here I think that whatever his sporting affiliations its good that a someone in such authority comes on here and tries to explain the situation even if he did get one fact woefully wrong, thanks for that and I'll look forward to those answers should they be forthcoming! (Come on you Bulls icon_lol.gif )

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Quote: Diogenes "It doesn't matter how much the SMC owes Allam because he will never get it if the SMC has no assets; nobody else would be liable to pay it. In fact if it is loaded with debt nobody would buy it anyway. If the council terminates the head lease that would be the end of the SMC and its creditors including Allam would lose their money. That may include money paid to the SMC by City and FC for rent etc.'"

I've been pondering this scenario:

Allam wants to sell City. It's a difficult market and few are interested and the SMC is a further ball and chain which future buyers don't want. He can't spell City without the SMC as he would be left holding that putrid baby - the SMC is completely unattractive as a lone company.

He has to get rid of the SMC whilst retaining what he's owed from it (anything between £4-£6M if estimates are correct). He offers to sell it to the council for a pound. Refused.

So he creates a situation where the council are forced to intervene. I think he hoped the council would step in and take over the SMC debt and all. I don't think he's expecting they can terminate the lease - he seems from the letters we've seen to believe he has adhered to the terms and is legally compliant. We all know his pig-headedness and self belief even when confronted with all evidence to the contrary. He probable has top-class lawyers who he believes can make this stick.

It's up to the council to prove a breach. If he can get away with it the council cannot terminate the lease and cast him adrift owing himself money. But they would be pressured by the furore to seize ownership, thus undertaking the debt too. Allam is remains a massive creditor in this situation and it's a win-win for him.

It's a crazy bet, but is this the way he's thinking? Like Mrs B, I can't see what his strategy is in all this if not something along these lines.

592 posts in 40 pages 
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Subscribe | Moderators: Admin, Kosh , Roland_R , Karen
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