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[i:10za56ci]Hold on to me baby, his bony hands will do you no harm It said in the cards, we lost our souls to the Nameless One[/i:10za56ci]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6505.jpg

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Quote: WormInHand "What exactly are the £280,000 "rugby related costs"? As our rent covers matchday costs and some maintenance costs, could it be the removal cost of the pictures icon_wink.gif

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I don't think Hull have to make a comment yet, Allam is doing a good job with the long length of rope he has.

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A small point that when the SMC paid over the small sum of £5,000 they had made £100,000 profit ,this puts more pressure on Allums losses

I was given to understand that Hull City's debt was not paid off by Allums but he just stood as garunteur of it ,thats why he cut back on his clubs wage bill .
Some thing can't get through to City supporters

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Quote: Mrs Barista "Agree up to now. But in the event we're all wrong and Allam is actually subsidising us to exorbitant levels, a word to let us know how reasonable and amicable everything is wouldn't go amiss. Still think not enough attention has been paid to the SMC accounts. I have personal experience of a company who manage to show a modest loss every year (hence not paying any corporation tax) and yet have a pile of cash in the bank that gets quietly shuffled off into a Directors fund. And they've been around a long time with a solid credit rating.

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Interested to see what tomorrows revelations bring, but can't see that Adam Pearson would have bought the club if they were dependant on SMC subsidies to stay afloat.

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Been reading these posts with interest and have been trying to think what subsidies we have been getting from the SMC. The only thing we could think of was the issuing of free tickets. Seem to think we never used to offer freebies as we would have to pay the SMC half the value of the tickets. Think this changed around the time of the floods when flood victims were given freebies then they were also given out for selected games I.e. London Broncos.
If we gave 2000 tickets worth £20 each the SMC would entitled to half which equates to £20000. Do this just once a year since 2007 and your looking at £100000.

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Quote: pheclark "Been reading these posts with interest and have been trying to think what subsidies we have been getting from the SMC. The only thing we could think of was the issuing of free tickets. Seem to think we never used to offer freebies as we would have to pay the SMC half the value of the tickets. Think this changed around the time of the floods when flood victims were given freebies then they were also given out for selected games I.e. London Broncos.
If we gave 2000 tickets worth £20 each the SMC would entitled to half which equates to £20000. Do this just once a year since 2007 and your looking at £100000.'"


Its common knowledge that we get 'free' stewarding and ticket office staff as part of our deal and this will cost the SMC a lot, but its always been that way.

also as our crowds have dipped, we won't be contributing as much in ticket revenue as we once did (we give 50% of any crowd over 8,500 to the SMC)

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What City fans think. Cut and pasted from a forumSo just how much does Hull FC owe the SMC ?
Take the ******* to court for breach of contract and recover all outstanding depts including all fee's plus compound interest.
If they don't pay throw 'em out of the ground.The pitch is already deteriorating.Don't believe the bull about rugby not spoiling the pitch.Ask Steve Bruce.[/i

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what A city fan thinks.

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Seems to be quite a few agreeing

1031 posts in 70 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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