| FORUMS > Hull FC > SMC Late Filing Accounts |
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| Rank | Posts | Team |
| Club Owner | 9673 | |
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| Jan 2004 | 21 years | |
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| Jul 2024 | May 2024 | LINK |
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| Quote: faithful13 "Personally not a fan of duffen or his SMC business since he flatley refused any of the four nations games could be played at the KC. We saw the 2007 NZ test series bring a massive rugby crowd to the KC and was probably the best game of the series. When both local sides are flying high potential rugby crowds look something like 24k (15k hull, 9k Kr) . Surely the massive rugby league following equal to that of our footsyball partners should be catered for as well,and then with loyal rugby fans from close teams such as wakey, cas,Leeds, bradford the KC could be filled.
And then I see he would be willing to let a match like northkorea vs Uruguay (or some other nil aspiring matches, we would be lucky to see the likes of england,brazil,italy,holland pooled here) play there in 2018.
I for one dont think someone who owns a team should then be allowed to run the stadium that is shared not only by his team but a team from another sport as well who are suppose to be equal in their ownership of the stadium, obviously he will favour the game that earns HIM money. Its a monoply to me.
I hope he sells and runs personally
I hope I got my point across!!!! ![]()
Duffen owns nothing. He's just the front man.
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| Rank | Posts | Team |
| International Board Member | 1232 | No
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| Apr 2003 | 22 years | |
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| Apr 2019 | Apr 2019 | LINK |
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People only become accountants because they lack the charisma to become undertakers.:5415.gif |
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| Quote: Smiggs "Duffen owns nothing. He's just the front man.'"
Russell Bartlett is the major share holder, a guy called Martin Walker, was along with Paul Duffen, involved in the take over from Adam Pearson at City. |
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| Rank | Posts | Team |
| Player Coach | 8586 | |
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| Jul 2006 | 18 years | |
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| Nov 2024 | Nov 2024 | LINK |
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Does anybody know who at the SMC is responsible for the commercial side of things?
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| Rank | Posts | Team |
| Player Coach | 1437 | No
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| Jun 2009 | 15 years | |
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| Dec 2014 | Mar 2014 | LINK |
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Standing up to the forum bully.
It must be working, he doesn't like me...i'm devastated: |
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| Quote: Mrs Barista "The council own the stadium and appointed Pearson then Bartlett to run the SMC. IMO the SMC should be run independently of both clubs. If I were on the council, I'd be wanting a "belt and braces" audit of the SMC as the potential for dodgy intercompany transactions if City are in financial trouble is huge.'"
Please explain ?
Do you mean intercompany transactions between Hull City and Hull FC ?
Surely against the law ? |
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| Rank | Posts | Team |
| Player Coach | 29796 | No
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| Jul 2005 | 19 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Quote: Bertie "Please explain ?
Do you mean intercompany transactions between Hull City and Hull FC ?
Surely against the law ?'"
No, nothing to do with FC. The point is that as far as I know the SMC are appointed as custodians of the £43.5m council-owned asset that is the KC stadium. I don't agree that having the same person/people on the board of both the SMC and one of the sporting clubs that plays there (ie City) is appropriate. From FC's point of view, the agreed rental is an arm's length transaction so there are no issues, but where you have common boards, there is potential for intercompany transactions to be manipulated. I've seen arbitrary management fees etc between related companies plenty of times. What I'm saying here is that, from an audit perspective, the council have placed their hugely expensive asset under the custodianship of an interested party, ie City, who appear to be in the financial mire. If I were at the council, I'd be all over the books like a rash. I'm not saying anything inappropriate has occurred, but the potential for it happening is definitely there, and IMO the council should have created an independent management team at SMC to avoid this eventuality. |
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| Rank | Posts | Team |
| Player Coach | 1437 | No
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| Jun 2009 | 15 years | |
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| Dec 2014 | Mar 2014 | LINK |
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Standing up to the forum bully.
It must be working, he doesn't like me...i'm devastated: |
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Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?
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| Rank | Posts | Team |
| International Board Member | 37503 |  |
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| Apr 2003 | 22 years | |
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| Apr 2015 | Oct 2014 | LINK |
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| Quote: faithful13 "Personally not a fan of duffen or his SMC business since he flatley refused any of the four nations games could be played at the KC.
Wrong
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| Rank | Posts | Team |
| International Board Member | 37503 | |
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| Apr 2003 | 22 years | |
| Online | Last Post | Last Page |
| Apr 2015 | Oct 2014 | LINK |
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| Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
FC are not involved. |
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| Rank | Posts | Team |
| Player Coach | 4033 | No
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| Sep 2005 | 19 years | |
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| Mar 2014 | Mar 2014 | LINK |
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| Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
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| Rank | Posts | Team |
| International Board Member | 37503 | |
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| Apr 2003 | 22 years | |
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| Apr 2015 | Oct 2014 | LINK |
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| Quote: Mrs Barista "No, nothing to do with FC. The point is that as far as I know the SMC are appointed as custodians of the £43.5m council-owned asset that is the KC stadium. I don't agree that having the same person/people on the board of both the SMC and one of the sporting clubs that plays there (ie City) is appropriate. From FC's point of view, the agreed rental is an arm's length transaction so there are no issues, but where you have common boards, there is potential for intercompany transactions to be manipulated. I've seen arbitrary management fees etc between related companies plenty of times. What I'm saying here is that, from an audit perspective, the council have placed their hugely expensive asset under the custodianship of an interested party, ie City, who appear to be in the financial mire. If I were at the council, I'd be all over the books like a rash. I'm not saying anything inappropriate has occurred, but the potential for it happening is definitely there, and IMO the council should have created an independent management team at SMC to avoid this eventuality.'"
Then blame Richardson for not taking the place that was available. |
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| Rank | Posts | Team |
| Player Coach | 146 | No
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| May 2006 | 19 years | |
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| Mar 2019 | Mar 2019 | LINK |
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Come on you ull: |
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| Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
The same (or very similar) shareholders own Hull City and the Stadium Management Company (SMC). The SMC has a contract from KUHCC to operate the stadium and receives income from :-
- Rents from HCAFC and HFC
- Catering and bar takings
- Executive box/coroporate hospitality
- Corporate events
What I think Mrs B is (quite rightly) saying is that there is such a close connection between Hull City and the SMC that there is the potential for creative accounting between the two |
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| Rank | Posts | Team |
| International Board Member | 37503 | |
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| Apr 2003 | 22 years | |
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| Apr 2015 | Oct 2014 | LINK |
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| Quote: dessieboy "The same (or very similar) shareholders own Hull City and the Stadium Management Company (SMC). The SMC has a contract from KUHCC to operate the stadium and receives income from
No, you are wrong.
The club gets income from the exec boxes at least.
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| Rank | Posts | Team |
| Player Coach | 4033 | No
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| Joined | Service | Reputation |
| Sep 2005 | 19 years | |
| Online | Last Post | Last Page |
| Mar 2014 | Mar 2014 | LINK |
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Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
www.hullcityafc.net/page/WhosWho ... 38,00.html
Your chairman is gets a mention here so it's more than likely rovers who are the "interlinked" club
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Quote: Bertie "Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
www.hullcityafc.net/page/WhosWho ... 38,00.html
Your chairman is gets a mention here so it's more than likely rovers who are the "interlinked" club
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| Rank | Posts | Team |
| Player Coach | 598 | No
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| Mar 2009 | 16 years | |
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| Oct 2024 | Sep 2024 | LINK |
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:Games/PDT_262.gif |
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| can anyone explain in hull language please???  |
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| Rank | Posts | Team |
| Player Coach | 29796 | No
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| Jul 2005 | 19 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Quote: dessieboy "The same (or very similar) shareholders own Hull City and the Stadium Management Company (SMC). The SMC has a contract from KUHCC to operate the stadium and receives income from Hull City and the SMC that there is the potential for creative accounting between the two'"
They are classed as "related parties" by virtue of common control. |
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