FORUMS > Hull FC > O/T Hull City |
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| Quote: cod'ead "If Allam is seriously in Hull City for the long haul, what's the barrier to him raising finance on a leasehold agreement to fund development of the KC? Plenty of businesses and individuals do it on a daily basis.
If the business model presented to the banks is sound enough, they would have no problem loaning money. If he decides to present his business case on the back of the same fag packet he presented to the Council, that's when I can foresee difficulties in raising capital'"
If the above was possible. Can the SMC exist in it's current format because technically the SMC would be responsible for the ground expansion. How would that additional cost filter down to both tenants? There is also the issue of the new pitch. Is it Hull City demanding the new pitch? If so who pays if you have 2 tenants playing on it and when does it get installed?
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| Quote: hull_lad01 "Well done City, I was there with my boy and man what a day.
I hold season passes for both sports and watch both, however my passion is FC and my like is football.
If Mr Allam wishes to move out of the KC, see ya. I for one will not follow you on, I will support Hull City whilst they remain in Hull City boundaries. Take them out of Hull they are no longer Hull to me.
I live in the City of Hull and earn and pay taxes in the City of Hull. I am not lining the pockets of outside interests. This City will go nowhere with money being taken out and not reinvested in the town.
I understand Mr Allam's view of not wishing to spend on the KC but its funny how he throws his cash around everywhere else isn't it. Money to East Hull, Money to Rugby Union and Ferriby.
I'd challenge him to come up with a cast iron plan for a sporting village with the KC at the Centre of it all. He has a master plan for a sporting village in his mind, but nothing cast iron that he showed the council. Lots of shops, a multi-story car park and some squash courts is all he submitted in his last contact with HCC.
To the deluded Red supporters and the City fans that all seem to have in their tiny brains the plan that FC will be playing rugby at Costello. Mr Allam give Mr Pearson, um lets say £50million and we will be off. Think that should do it.
Or be a petty businessman and throw your toys out the pram and stomp off. Wont be a very fast stomp tho will it. By the time any stadium is built for Hull City to move into, any planning permission and public objection to. Reports on infrastructure on a new site, wherever it may be. I'd say 2 years at best before there may be even the slightest chance of a shovel hitting ground in the building of a stadium and then say a year at best to build it.
A very conservative 3 years at least, but maybe 5 depending on many factors. From start to finish the KC took 5 years from idea to opening.
City may well be down and out the Premier League by then, who knows maybe even financial troubles again (hope not) but fact is City's issues with financial trouble seems to rear its head every so often, 2001 in receivership and 2010 facing extinction again with £35million in debt.
Fact is I think we all know Hull City are staying exactly where they are. So the haters can keep on hating as much as they want.
Hull City are on the up and looking good.
Hull FC are on the up and looking good.
North Ferriby are on the up and looking good.
Hull Ionians are on the up and looking good.
Hull KR are on the.... erm, well I think you know where they are, which is why they hate FC so much'"
Best post on the subject ever
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| Quote: The_Mighty_F90 "If the above was possible. Can the SMC exist in it's current format because technically the SMC would be responsible for the ground expansion. How would that additional cost filter down to both tenants? There is also the issue of the new pitch. Is it Hull City demanding the new pitch? If so who pays if you have 2 tenants playing on it and when does it get installed?'"
The conditions of the existing agreement could be varied. With the agreement of all parties, of course. You'll be aware of this after your lie that City "tell" FC when to play was uncomfortably revealed as such when we declined to move our game this weekend.
You seem to be forgetting a couple of things:
1. The Stadium's owners have a frosty relationship with the Allams and have said the Stadium's not for sale.
2. Allam has said, categorically, he will not go back to the council to discuss the stadium. The matter is "closed".
3. Relocation to Melton is a medium term option, requiring planning, some not insignificant changes to highways and a railway bridge. Timescale would likely be into years, and consent less than certain (I'm being generous).
4. In the event of 3 happening, City are legally contracted on a rental agreement at the KC.
5. Also, in the event of 3, head lease would be re-assigned. The Council were impressed with Adam Pearson in their original stadium dealings with him. A vision to scale back costs, re-introduce the community aspects of the stadium rather than indulge the interests of one tenant through an inherently biased SMC arrangement, bring back usage of Arena tenants etc could be appealing. Groundshare with a RU team could be looked at. And if the Council can dream up a "classroom"/public usage rationale to support a flaky commercial case for stadium developments at Craven Park, the opportunity to do the same in a far superior, better-located facility near the City Centre could be attractive, with other council buildings being rationalised to consolidate in one of its biggest facilities, generating cost savings.
You seem to look at the situation through one lens. Try widening your perspective.
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| Quote: Mrs Barista "The conditions of the existing agreement could be varied. With the agreement of all parties, of course. You'll be aware of this after your lie that City "tell" FC when to play was uncomfortably revealed as such when we declined to move our game this weekend.
You seem to be forgetting a couple of thingsYou seem to look at the situation through one lens. Try widening your perspective.
Pot calling kettle
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| Quote: The_Mighty_F90 "If the above was possible. Can the SMC exist in it's current format because technically the SMC would be responsible for the ground expansion. How would that additional cost filter down to both tenants? There is also the issue of the new pitch. Is it Hull City demanding the new pitch? If so who pays if you have 2 tenants playing on it and when does it get installed?'"
No costs would filter down to Hull FC, the rent is set as part of the user agreement which can only be amended with the unanimity of the SMC and Hull. Similarly, the SMC are responsible for the costs of re-laying the pitch, in the same way that you wouldn't expect to pay a higher rent to your landlord because he replaced your faulty stove.
The clue is in the second letter of SMC. Management. They are responsible for utilising the stadium facilities to raise revenue to maintain it. I.e., the rent from the tenants and other income-raising initiatives. Just like any successful business manages it's assets to grow and maintain. There is a conflict here for the Allams. A percentage of any profit goes to the council and it's in their interests to make it appear that the SMC struggles to perform to give them leverage in their ownership quest. (It would be interesting to see how an independent owner of the SMC would fare.) None of this is news to Allam, he knew the score when he bought the SMC, which is why it's strange that it's only now he's decided to bleat about it, hmmm?
As for Hull City's rent, that's between Allam as owner of City to negotiate with himself as owner of the SMC. As was made clear from Picturegate, it's a shuffling of money from one pocket to the other so not really relevant.
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| Quote: WormInHand "No costs would filter down to Hull FC, the rent is set as part of the user agreement which can only be amended with the unanimity of the SMC and Hull. Similarly, the SMC are responsible for the costs of re-laying the pitch, in the same way that you wouldn't expect to pay a higher rent to your landlord because he replaced your faulty stove.
The clue is in the second letter of SMC. Management. They are responsible for utilising the stadium facilities to raise revenue to maintain it. I.e., the rent from the tenants and other income-raising initiatives. Just like any successful business manages it's assets to grow and maintain. There is a conflict here for the Allams. A percentage of any profit goes to the council and it's in their interests to make it appear that the SMC struggles to perform to give them leverage in their ownership quest. (It would be interesting to see how an independent owner of the SMC would fare.) None of this is news to Allam, he knew the score when he bought the SMC, which is why it's strange that it's only now he's decided to bleat about it, hmmm?
As for Hull City's rent, that's between Allam as owner of City to negotiate with himself as owner of the SMC. As was made clear from Picturegate, it's a shuffling of money from one pocket to the other so not really relevant.'"
What landlord in the right mind would lay a pitch at the costs of over £1 million without trying to recoup the costs through rental?
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| Quote: The_Mighty_F90 "Pot calling kettle'"
Not really, I'm providing an alternative perspective with some relevant, and fundamental points which you seem unwilling or unable to address. Try these:
Who owns the stadium?
How is their relationship with the Allams?
How long would you expect it to be until a stadium were open for business in Melton given timelines for planning consent, a likely caling-in, preparatory/remedial works, highways variations and build?
Can the terms of the SMC sub lease be materially varied without agreement of all parties?
If Melton went ahead, would the council sensibly look to work with a new SMC to optimise its usage in a more collaborative way and yield cost savings?
In your own time.
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| So, just to make sure, the council aren't going to sell it and build us a new stadium?!...
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| Quote: The_Mighty_F90 "What landlord in the right mind would lay a pitch at the costs of over £1 million without trying to recoup the costs through rental?'"
Are you really that stupid to understand that it's their responsibility due to the rental agreement between the parties?
They can't just change the rent as they suit!
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| Quote: The_Mighty_F90 "What landlord in the right mind would lay a pitch at the costs of over £1 million without trying to recoup the costs through rental?'"
He knew the responsibilities of the SMC when he bought the company. Incidentally, this isn't the first time the pitch has been re-laid, you know. It's been done several times with the SMC footing the bill via revenue gained each time. That the Allams seem intent on cauterising the SMC's revenue sources is 'curious' but ultimately irrelvant to Hull FC. Not our problem.
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| Quote: Mrs Barista "Not really, I'm providing an alternative perspective with some relevant, and fundamental points which you seem unwilling or unable to address. Try these
Not sure why you even bother with him?
He'll not be able to provide you with a rational counter argument.
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| Quote: Wellsy13 "Are you really that stupid to understand that it's their responsibility due to the rental agreement between the parties?
They can't just change the rent as they suit!'"
He is, so expect him to ignore trivialities like facts and counter with the 'head patting' emoticon.
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| Quote: Jimmy Carr "Not sure why you even bother with him?
He'll not be able to provide you with a rational counter argument.'"
No neither do I,but its fun seing him shot out of the water time after time.
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| Quote: The_Mighty_F90 "What landlord in the right mind would lay a pitch at the costs of over £1 million without trying to recoup the costs through rental?'"
Are you really of the opinion that any rent paid would not incorporate an allowance for repairs and renewals???
Pitch relaying would be done on a cyclical basis which should be planned well in advance. The kind of thing which the land lord should have figured into account which working out the rent in the first place.
You claim to live in HK? Would you expect your rent to change if your AC machine broke down or would you expect the landlord to fix it without passing on the cost to you?
Oh, and do remember, I lived there for a number of years
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