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Come on you ull:



Quote: Big Dave T "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.'"


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.

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Quote: dessieboy "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.

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Quote: Big Dave T "Same shareholders? You sure.'"


Absolutely positive.

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Quote: dessieboy "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)

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Quote: Standee "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 Council.'"


Indeed.

And if anything were to happen to the SMC the council would take back control of the stadium and arrange for someone else to run it.

This really is a non-story for FC and its fans.

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Quote: Big Dave T "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)'"


The info filed at companies house states current directors of SMC are :-

James Peter Craddock
Martin Noel Walker
Paul Jeremy Duffen
Russell Derek Bartlett

There is no info held as to the exact shareholding of these individuals

You will find these are the same Directors as Hull City AFC

nb Mods - this info is publicly available in case you are concerned!

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Quote: dessieboy "The info filed at companies house states current directors of SMC are

Any truth about the SMS having had a "dissolved warning" issued against it by Companies House?

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Quote: Uffa1964 "Any truth about the SMS having had a "dissolved warning" issued against it by Companies House?'"


It isn't a dissolved warning, it's a notice that is generated automatically by their internal systems, as soon as accounts are late you start to get them, there are various warnings, most businesses have had some of them at some time.

All in all, it's a bit of a non-story.

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Quote: Big Dave T "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)'"


Says in the accounts of the SMCcommon control. " ie owned by the same people.

The SMC is 100% owned by Superstadium Holdings Limited, which in turn is 100% owned by Russell Bartlett.

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Quote: Nobeerineasthull "Indeed.

And if anything were to happen to the SMC the council would take back control of the stadium and arrange for someone else to run it.

This really is a non-story for FC and its fans.'"


Not really. If anything happened to the SMC then it could have serious implications for Hull FC. They are the ones responsible for the upkeep of the stadium. If they haven't made provision for this then the burden will fall on the tenants. Also, there are likely to be monies owed to us as the SMC presumably collect gate and ticket income on behalf of the club. Our current agreement to use the facility is, presumably, with the SMC. If they cease to exist then we have no agreement to play at the facility and any financial agreement made is null and void.

I would have thought that the financials for the SMC should be fairly simple and see no reason they should be so late in submitting that they have been threatened with being struck off

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Quote: Jake the Peg "Our current agreement to use the facility is, presumably, with the SMC. If they cease to exist then we have no agreement to play at the facility and any financial agreement made is null and void.'"

Our tenancy agreement is with the council, not the SMC.

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Quote: Kosh "Our tenancy agreement is with the council, not the SMC.'"


Yup

there is so much ill informed tripe on here it's untrue.

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Quote: Standee "Yup

there is so much ill informed tripe on here it's untrue.'"


Hardly ill informed tripe. I merely said that I presumed our agreement was with the company that operated the stadium and colelcted the income from us. Not exactly a leap into the unknown is it?

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Quote: Kosh "Our tenancy agreement is with the council, not the SMC.'"


How do you know that to be the case?

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Rebuttal by City herehttp://www.hullcityafc.net/page/NewsDetail/0,,10338~1799219,00.htmlrl

The YP article suggests new auditing standards (I'm assuming it means accounting standards) are the reason for the delay in filing.

124 posts in 9 pages 
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Subscribe | Moderators: Admin, Kosh , Roland_R , Karen
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Subscribe | Moderators: Admin, Kosh , Roland_R , Karen



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