I'm not sure if there's a contract involved as such. The SMC holds the Head Lease to the stadium and that gives them certain rights and responsibilities. I imagine that the agreement runs for as long as the term of the Head Lease, although probably subject to review during that period.

As our lease is 25 years the Head Lease must be at least that long.

The head lease given when the stadium was built was 50 years so i presume theyve got about 40 left.

Did they buy the lease from the company that Pearson set up then? How did the management of the stadium transfer as ltd companies?

The company changed hands. The lease didn't have to move anywhere.

Quote: Big Dave T "What length of contract do the current SMC have to provide this service?'" 50 years www.hullfc.com/hullfc/contents/?page_id=34

Quote: Big Dave T "What length of contract do the current SMC have to provide this service?'" 50 years www.hullfc.com/hullfc/contents/?page_id=34

I can't see the council will allow us to be thrown onto the streets even if the SMC did go belly up....especially with a crowd of 13000 avge. This is twice the amount of people who voted in the last local elections

What I was meaning is that the leaseholder is the SMC which as a corporate entity can be bought and sold and retain ownership of the lease, which I presume does have commercial value. Obviously, if they liquidate then it will be forfeit

Correct. If the ownership of SMC changes hands the lease remains with SMC.

If SMC goes into liquidation the lease reverts to the council.

Ah ok, thats the answer i was looking for. They bought the company then from Pearson et al.

The more i hear about the SMC been a seperate independant company i question why the council dont set up a function and manage it themselves and take the profit? Wonder what the rationale is for effectively sub-letting the stadium?

By leasing the stadium out it made it difficult for the city council to sell the stadium within that fifty years

At the end of the fifty years the stadium will be past it anyway, so in around 30 years time you ( that are still around) will be looking at a new stadium

I can just imagine how well and how efficiently the stadium would be run in public hands

They can't even get the fecking bins emptied

the council as usual completely cocked it up. It was stated in the HDM the other year that the council actually pays to rent the office/learning space in a stadium it built with its cash!

they handed over far too much control IMO, I can understand the rational in having a private company do the day to day running of the company, but they seem to have little control now.