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FORUMS > Hull FC > o/t Allams 'want to buy KC Stadium'
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Quote: chico's nose "If, and that'a a big IF, the KC stadium was to be sold to the private sector, then it should be to an individual or party impartial to both Hull City AFC and Hull FC.

However, this is Hull City Council we are talking about and they and a certain Adam Pearson did a good job stiching us up when forming the SMC, so anything is possible.'"

No they didn't. We were offered a role in running the stadium and declined.

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Quote: Kosh "No they didn't. We were offered a role in running the stadium and declined.'"


Didn't Shane Richardson and Adam Pearson both agree that the SMC should have been independant of both clubs, only for Pearson to jump at the chance of running the SMC a few months later when Richardson had gone back to Oz?

I may be wrong about the events that lead to us not being represented on the SMC, either way, we were initially stiched up when the SMC was set up imo.

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Quote: Eric The Viking "]

Granted
It appears to me that you know people who SAY they are connected to FC, they obviously know very little about the covenants on the KC Stadium, the agreements that were made to release the land (which was donated by the Council), the KC Stadium is highly unlikely to be sold, I'm not saying never, but certainly not over 24 hours courtesy of some poor journalism and even poorer trolling.

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Quote: rover49 "While I don't doubt that FC and City have paid a lot of money into the stadiums coffers, the truth is the ratepayer of the city has not got anything like a decent return on the money, if the recent reports of only 47k for the whole of the time its been open is true, then it might make financial sense to sell it and get the investment back. The only way to keep it long term is to get some proper revenue from it, perhaps the council should employ a team direct to manage it and then the rent you pay, plus City and all the other income from concerts etc could be put back into the councils coffers.

If the 47k is a true return, its less than a 3 bedder on Kingswood would have brought in over the same period.'"


Any figures on the ratepayers' return on investment from everything that KUHCC have thrown at your lot over the years?

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Quote: Standee "I doubt very much that the Stadium could be sold, funding was secured from other sources (including Sport England) on the premise that it was a community facility. It makes no sense for the Council to sell it's only asset, and if it is, genuinely, "costing them money" it's their incompetence and nobody else's.

FWIW I do not want to see it sold, in fact I'd like to see the rules about the SMC tightened up so that it is not part and parcel of any one club, that way not only is justice being done (as I believe it already is) but importantly, it is SEEN to be being done.'"
Spot on ..If I remember there was Funding money also from the EEC to be part of sporting for the Hull area. they could also put a block on it being sold off

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Quote: chico's nose "Didn't Shane Richardson and Adam Pearson both agree that the SMC should have been independant of both clubs, only for Pearson to jump at the chance of running the SMC a few months later when Richardson had gone back to Oz?

I may be wrong about the events that lead to us not being represented on the SMC, either way, we were initially stiched up when the SMC was set up imo.'"


OK, here are the facts as I understand them.

Pearson and Richardson agreed that neither club should manage the stadium, a separate management organisation should be formed, Pearson agreed and went into the relevant liscencing, insurances etc. and asked Richardson (or Hull FC) for about £100k to join the venture, Richardson delined (it's perceived that Richardson's move back to Aus was in the offing at this stage).

Hull FC have had many opportunities to get involved with the SMC, and declined each and every one of them. No stitch up at any point, other than our own board denying themselves an element of control.

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Quote: cod'ead "Any figures on the ratepayers' return on investment from everything that KUHCC have thrown at your lot over the years?'"

The council bought back the freehold interest in Craven Park when Rovers were in administration to allow them to continue trading, and a 250 year peppercorn lease arrangement with KCD (formerly Gaingroup) is now in place. So I'd guess feckall is your answer. icon_wink.gif icon_lol.gif

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Quote: rover49 "While I don't doubt that FC and City have paid a lot of money into the stadiums coffers, the truth is the ratepayer of the city has not got anything like a decent return on the money, if the recent reports of only 47k for the whole of the time its been open is true, then it might make financial sense to sell it and get the investment back. The only way to keep it long term is to get some proper revenue from it, perhaps the council should employ a team direct to manage it and then the rent you pay, plus City and all the other income from concerts etc could be put back into the councils coffers.

If the 47k is a true return, its less than a 3 bedder on Kingswood would have brought in over the same period.'"


Whilst i hate myself for it...lol I agree basically with what your saying !

What i cant understand is ...
1. Why couldnt we do as in the case with huddersfield
both f.c and city own %age remainder hcc owned.
2. If its not making the revenue that hcc thought it would be, why cant the hcc run it themselves? they could claw back a far better return, plus open it up for a lot more events and activities, think on how much lost revenue Duffen cost the stadium,?

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Quote: Standee "It appears to me that you know people who SAY they are connected to FC, they obviously know very little about the covenants on the KC Stadium, the agreements that were made to release the land (which was donated by the Council), the KC Stadium is highly unlikely to be sold, I'm not saying never, but certainly not over 24 hours courtesy of some poor journalism and even poorer trolling.'"


They don't SAY they are connected, they ARE connected both in the playing and board side of matters.

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Quote: Eric The Viking "They don't SAY they are connected, they ARE connected both in the playing and board side of matters.'"


Right, so we now have property and local authority covenant law experts playing for FC, and on the board.

Haven't you got a bridge to run?

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Quote: Standee "Right, so we now have property and local authority covenant law experts playing for FC, and on the board.

Haven't you got a bridge to run?'"


Hey I never said anybody I knew was an expert on anything. They do however have close contact with people who DO know what's happening and ARE experts.

You honestly don't believe that people like JR haven't got a good idea of what's going on and what could happen? They have their own legal teams too you know.

Information like this soon finds it's way through the organisation, just like at any other big company eg Smith and Nephew. Their staff have known what was revealed in today's paper months ago. What makes Hull's staff any different?

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Quote: Eric The Viking "Hey I never said anybody I knew was an expert on anything. They do however have close contact with people who DO know what's happening and ARE experts.

You honestly don't believe that people like JR haven't got a good idea of what's going on and what could happen? They have their own legal teams too you know.

Information like this soon finds it's way through the organisation, just like at any other big company eg Smith and Nephew. Their staff have known what was revealed in today's paper months ago. What makes Hull's staff any different?'"


OK, lets start at the beginning, you're a troll.

actually, that kind of covers the middle and the end of it too.

run along and talk about your club, leave FC to those of us who have a vested (positive) interest.

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Quote: Mrs Barista "The council bought back the freehold interest in Craven Park when Rovers were in administration to allow them to continue trading, and a 250 year peppercorn lease arrangement with KCD (formerly Gaingroup) is now in place. So I'd guess feckall is your answer.
That's quite separate from the initial sale of Poorhouse Lane too

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Quote: cod'ead "Any figures on the ratepayers' return on investment from everything that KUHCC have thrown at your lot over the years?'"


icon_rolleyes.gif

Was I having a go, I was merely stating that on a £43 million layout, a return of 47k is bad for the ratepayers of Hull, whichever team you follow. Do you think its acceptable that someone has trousered millions on the back of no personal outlay, I wasn't suggesting for one minute that FC have not paid there way, in fact with the over 7.5k deal and the rent I reckon they will have shelled out 47k a week.

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Quote: cod'ead "That's quite separate from the initial sale of Poorhouse Lane too'"

Indeed. An inconvenient truth.

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