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FORUMS > Hull FC > o/t Allams 'want to buy KC Stadium'
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Quote: Mrs Barista "Indeed. An inconvenient truth.'"



1-100 is may favourite KR stat, wasn't that wht they paid in the pound to their creditors?

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Quote: rover49 "

You could say the same about The Guildhall, City Hall, Costello, East Park, Ferens Art Gallery and every museum in the city. How much do any of them contribute?

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Quote: cod'ead "You could say the same about The Guildhall, City Hall, Costello, East Park, Ferens Art Gallery and every museum in the city. How much do any of them contribute?'"


Slight difference in a £43 million stadium that makes money by the bucket, even if we had 30% of it I bet it would be a shed load that could be utilised on much needed spending by the council. I don't want it sold, I want it to bring in cash for the good of the city, but if it is sold even for the original outlay its the equivilant to over 7,300 years of returns at current return rates. Even you as a blinkered B&W cannot believe the ratepayers have had a good deal (this included FC fans as well) with what has been returned so far.

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If they wanted to 'give back to the people of hull' why 14,000 off by kicking them out? Aren't family members fans/season pass holders at hull fc?

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Quote: rover49 "Slight difference in a £43 million stadium that makes money by the bucket, even if we had 30% of it I bet it would be a shed load that could be utilised on much needed spending by the council. I don't want it sold, I want it to bring in cash for the good of the city, but if it is sold even for the original outlay its the equivilant to over 7,300 years of returns at current return rates. Even you as a blinkered B&W cannot believe the ratepayers have had a good deal (this included FC fans as well) with what has been returned so far.'"

Absolute tosh. FC and City pay a commercial rent, which I know is an alien concept to a Rovers supporter benefitting from a 250 year peppercorn lease. City make a loss and FC a small profit. What are you suggesting here, that FC and City pay a rent over a commercial rate?

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Quote: Standee "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.'"



Fair do's. As I said I wasn't 100% sure on the events that lead to us not been represented on the SMC, and it seems we can only have ourselves to blame if you are correct.

However, not having reprecentation on the SMC shouldn't open the gates to Hull FC been treated differently to the other tennants of the stadium, which is certainly what happened in the early days.

At the time of the KC opening, a family friend who at that time was a duel Hull City and Hull FC season pass holder encountered some strange goings on. As the KC opened part way through the football season, he went to the KC to pay his money to be able to park in the south stand car park. He paid by cheque and was asked to make this payable to Hull City AFC.

Before the start of the super league season, he went back to the KC to pay for the same car parking spot for the duration of Hull Fc's season, again paying by cheque, only this time he had to make it payable to the SMC. He questioned this and explained that for the football season his money went to Hull city for the same service and he was told that there must have been a mistke as it should go to the SMC.

Later that summer he was back at the KC, wanting to secure the same car parking pass for the football season. I presume that you have already guessed, but I'll tell you anyway, he was asked to make his cheque payable to Hull City AFC. He refused, kicked up a stink and got a full refund on his Hull City season pass and has never been to see them since.

There may be a simple explanation for this, and i'm not suggesting it still goes on, but would this have happened had the council run the stadium themselves or at least got someone independant of both clubs to manage it for them?

Call me paranoid if you like, but I would be very worried if someone connected soley with Hull City was allowed to purchase the KC. Hopefully, because of the reasons you have pointed out earlier in this thread, that won't happen

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Quote: Standee "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.'"



I have a vested interest in the KC as I am a Hull City fan. Don't tell me where I can and can't post, if you don't like what I have to say, ignore it, simple.

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Quote: Eric The Viking "I have a vested interest in the KC as I am a Hull City fan. Don't tell me where I can and can't post, if you don't like what I have to say, ignore it, simple.'"


There's a nice foe option.

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Quote: Mrs Barista "Absolute tosh. FC and City pay a commercial rent, which I know is an alien concept to a Rovers supporter benefitting from a 250 year peppercorn lease. City make a loss and FC a small profit. What are you suggesting here, that FC and City pay a rent over a commercial rate?'"


[sizeWHERE THE F'CK DID I SAY THAT THEY HAVE NOT PAID A COMMERCIAL RENT[/size icon_rolleyes.gif

If you read it properly before jumping on your high horse as usual, its about the end return to the RATEPAYERS of Hull, I don't for one minute doubt that FC and City have paid a commercial rent, I don't doubt that the concerts have made a big profit, I don't doubt that the stadium as a whole is a fantastic money making entity, my concern is that someone other than the ratepayers of Hull are trousering the rent paid by both clubs, the catering profits, the concert profits. The ratepayers have had a return over 8 years of 47k on a £43 million investment, surely even a biased sod like you understands that its not been a very good venture for the RATEPAYERS of Hull

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Quote: JedRust "Cleared the debts rumoured to be 21 million
Bought them for a rumoured 40 million
I sincerely doubt they would want to spend another 40-50 million on the stadium and then the money for the expansion they are rich but not that rich.
And as it has already been stated I'm fairly sure that there are covenants restricting the sale of the stadium.'"


this is my biggest concern.

they are 'rich' compared to the general population, but in the Oilgarch and Sheik filled world of football they aren't.

as you say they have already laid out a significant sum just paying off the debts.

I trust Mr Allam has the city's best interests at heart, but at the same time I am very concerned about what happens if he does his financial problems, and the stadium gets sold to some faceless investment group who fleece Hull and City dry.

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Quote: rover49 "[sizeWHERE THE F'CK DID I SAY THAT THEY HAVE NOT PAID A COMMERCIAL RENT[/size
You're an utter loon. The council bought the stadium for the community and charged the SMC with its guardianship. At the end of the SMC contract the council will still have an asset, including the land. If the SMC were making a massive profit to return to the council, they would be ripping off its tenants, charging them over the odds compared to the costs of the KC stewardship. How many concerts have there been exactly? Do you think the costs of staging a concert are immaterial? The stadium was bought, like most public assets, as an investment for the benefit of the community and in this case through an exceptional windfall. The fact is that the costs of its upkeep are being met at no cost to the taxpayer but entirely at the expense of Hull City and Hull FC. We're in effect servicing a public asset sat on the council's balance sheet on your behalf. As a taxpayer you should be thanking us for looking after your property and providing you with a modest return. What "return" as a tax payer are you getting from the double glazing? icon_lol.gif

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Quote: rover49 "Slight difference in a £43 million stadium that makes money by the bucket, even if we had 30% of it I bet it would be a shed load that could be utilised on much needed spending by the council. I don't want it sold, I want it to bring in cash for the good of the city, but if it is sold even for the original outlay its the equivilant to over 7,300 years of returns at current return rates. Even you as a blinkered B&W cannot believe the ratepayers have had a good deal (this included FC fans as well) with what has been returned so far.'"


Can you give examples of ANY other KUHCC capital project that has delivered what could even remotely be considered as a commercial return on investment?

Unlike most, if not all, other KUHCC capital projects, the KC is offering a return, however modest, rather than a charge on the revenue account

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Quote: UllFC "this is my biggest concern.

they are 'rich' compared to the general population, but in the Oilgarch and Sheik filled world of football they aren't.

as you say they have already laid out a significant sum just paying off the debts.

I trust Mr Allam has the city's best interests at heart, but at the same time I am very concerned about what happens if he does his financial problems, and the stadium gets sold to some faceless investment group who fleece Hull and City dry.'"

I agree with everything that you say well put ! icon_thumb.gif

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can seriously see this happening. With the council having there budgets cut, i think they will see this as a no brainer. I hope i'm wrong though

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Quote: jeffers#1 "can seriously see this happening. With the council having there budgets cut, i think they will see this as a no brainer. I hope i'm wrong though'"


Councils up and down the country are having their budges cut, doesn't mean they will be allowed to sell-off multi million pound assets.

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