| FORUMS > Hull KR > Rovers 2008 Accounts |
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| Player Coach | 5139 | No
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| Sep 2006 | 18 years | |
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| Dec 2014 | May 2013 | LINK |
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Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Big Dave T "See my point above. The 30k goes to Rovers landlords, who then have their own rent to pay to HCC for the share that HCC have leased back to the landlords. 30k does not cover the borrowing so is therefore very favourable for rovers.'"
The lease to KDC is for 250 years and providing Rovers stay at the stadium it remains a very good long term investment for the council who will still retain ownership of the land when the lease expires.
The council now have a great opportunity to reinforce their initial investment in CP by helping to improve facilites both in the immediate area and to the stadium itself making it a community based facility for the residents of east hull in pretty much the same way the KC is in west hull. Funding is available from many sources as you know.
As for being favourable to Rovers, Hull have had plenty of help from HCC also, including the ridiculous purchase of the Boulevard for way over the market value. So let those without sin cast the first stone  |
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| Rank | Posts | Team |
| Club Owner | 29160 | No
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| Mar 2004 | 21 years | |
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| Dec 2012 | Jul 2011 | LINK |
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| Rank | Posts | Team |
| Player Coach | 5139 | No
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| Sep 2006 | 18 years | |
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| Dec 2014 | May 2013 | LINK |
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27608.jpg
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Big Dave T "If you look at leasehold deals for any other business they would expect as a minimum the entire sum back in 20-25 years. That's not the case here. I agree FC have maybe had some favour previously too. Going back to my original point though about rovers rent been pitiful, i think we can now agree that's the case. ![]()
I'm not sure Hudgy's comments were about handouts in any case, they were about investment, two wholly different issues. Rovers are suffering from a lack of facilities and a little further investment of public money into a area deprived of investment, using CP as a focal point could be a wise move long term for both parties. So i suggest the 'people ot HCC' who were miffed take their FC blinkers off and look at the bigger picture.
As for returns on leases I doubt the council will have the whole of their £53m+ investment back on the KC in 20 years do you??
Also HCC didn't pay £650k did they, they paid £450k and will probably recoup a hell of a lot more if they had a little foresight.
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| Rank | Posts | Team |
| Club Owner | 29160 | No
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| Mar 2004 | 21 years | |
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| Dec 2012 | Jul 2011 | LINK |
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| Quote: Gordon Gekko "
As for returns on leases I doubt the council will have the whole of their £53m+ investment back on the KC in 20 years do you?? ![]()
Not sure to be honest, Hull City and Hull FC pay a hell of a lot more rent for KC than Rovers do for craven park, i'd hazard a guess that with 2 clubs there the 53mill wont be far off been paid off in 20-25 years.
Yes HCC paid 450k, but with the other company putting in 200k there is still 650k of repayments to make.
I'd be wary if i was any investor of putting cash into a club losing money hand over fist that cant sustain itself. I wonder how HCC could justify it to locals when there isn't a decent return. Rovers can feel lucky to not be paying nearer to 70-80k per year rent imo, but then that wouldnt help the debt and sustainablilty of the business would it.
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| Rank | Posts | Team |
| Player Coach | 5139 | No
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| Sep 2006 | 18 years | |
| Online | Last Post | Last Page |
| Dec 2014 | May 2013 | LINK |
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27608.jpg
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Big Dave T "Not sure to be honest, Hull City and Hull FC pay a hell of a lot more rent for KC than Rovers do for craven park, i'd hazard a guess that with 2 clubs there the 53mill wont be far off been paid off in 20-25 years.'"
I very much doubt the SMC will net £2m+ profit per year
Quote: Big Dave T "Yes HCC paid 450k, but with the other company putting in 200k there is still 650k of repayments to make.'"
With £600k in rental payment made within the first 20 years of a 250 yer lease.
Quote: Big Dave T "I'd be wary if i was any investor of putting cash into a club losing money hand over fist that cant sustain itself. I wonder how HCC could justify it to locals when there isn't a decent return. Rovers can feel lucky to not be paying nearer to 70-80k per year rent imo, but then that wouldnt help the debt and sustainablilty of the business would it.'"
HCC wouldn't be putting any cash into Rovers they would be investing in facilities that they part own on land that they own outright which would enable Rovers as the only pro sporting club in that area to expand its business thus further develop interest in community facilities for the residents of east hull. (fook me i sound like a politician  )
I personally don't see why anyone would be against that as a point of principle. After all isn't that what has happened to City and FC??? and before anyone asks i'm not suggesting a second £53m super stadium either!!!!! |
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| Rank | Posts | Team |
| Club Owner | 14082 | No
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| Apr 2004 | 21 years | |
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| Feb 2017 | Feb 2017 | LINK |
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9857_1341488583.jpg
WEST COAST PIRATES
NRL expansion? Sometime soon, maybe......:d7dc4b20b2c2dd7b76ac6eac29d5604e_9857.jpg |
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| would be nice though! 
HCC should be helping out all the sports clubs in the city, They are an integral part of the fabric of Hull and form a major part of peoples lives in the city. On top of that they have the potential to positively affect a whole range of issues the council should be investing in so what's the problem? As long as there is equuity and a good return for the people of Hull as a whole then that is what the Council should be there for. |
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| Rank | Posts | Team |
| Player Coach | 30328 |  |
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| Mar 2007 | 18 years | |
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| Nov 2024 | Nov 2024 | LINK |
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The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Quote: JB Down Under "would be nice though! ![]()
Hull city council should focus on effective delivery of core services before they start spending money on a sports facility that is already not used to capacity (and that includes spending on the KC)
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| Rank | Posts | Team |
| Club Owner | 29160 | No
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| Mar 2004 | 21 years | |
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| Dec 2012 | Jul 2011 | LINK |
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| Quote: Jake the Peg "Hull city council should focus on effective delivery of core services before they start spending money on a sports facility that is already not used to capacity (and that includes spending on the KC)'"
Agree 100%. |
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| Rank | Posts | Team |
| Club Owner | 29160 | No
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| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Dec 2012 | Jul 2011 | LINK |
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| Rank | Posts | Team |
| Player Coach | 5139 | No
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| Joined | Service | Reputation |
| Sep 2006 | 18 years | |
| Online | Last Post | Last Page |
| Dec 2014 | May 2013 | LINK |
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27608.jpg
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Jake the Peg "Hull city council should focus on effective delivery of core services before they start spending money on a sports facility that is already not used to capacity (and that includes spending on the KC)'"
I agree 100% and [icapital[/i spending can help achieve this if spent on revenue raising projects. |
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| Rank | Posts | Team |
| Club Owner | 29160 | No
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| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Dec 2012 | Jul 2011 | LINK |
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| Quote: Gordon Gekko "I agree 100% and [icapital[/i spending can help achieve this if spent on revenue raising projects.'"
They'd get a better return putting the cash in an icelandic bank than they would investing in craven park. |
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| Rank | Posts | Team |
| Player Coach | 5139 | No
Team
Selected |
| Joined | Service | Reputation |
| Sep 2006 | 18 years | |
| Online | Last Post | Last Page |
| Dec 2014 | May 2013 | LINK |
| Milestone Posts |
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| Milestone Years |
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27608.jpg
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Big Dave T "They'd get a better return putting the cash in an icelandic bank than they would investing in craven park. ![]()
Think you got that joke out of a Xmas cracker 
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| Rank | Posts | Team |
| Club Owner | 29160 | No
Team
Selected |
| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Dec 2012 | Jul 2011 | LINK |
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| Quote: Gordon Gekko "Think you got that joke out of a Xmas cracker ![]()
I just made it up, was very proud of myself.
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| Rank | Posts | Team |
| Player Coach | 5139 | No
Team
Selected |
| Joined | Service | Reputation |
| Sep 2006 | 18 years | |
| Online | Last Post | Last Page |
| Dec 2014 | May 2013 | LINK |
| Milestone Posts |
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| Milestone Years |
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| Location |
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| Signature |
27608.jpg
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg |
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| Quote: Big Dave T "
Frank Carson must be sh itting himself
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| Rank | Posts | Team |
| Club Owner | 29160 | No
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| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Dec 2012 | Jul 2011 | LINK |
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| Quote: Gordon Gekko "Frank Carson must be sh itting himself ![]()
I got it from Bob Monkhouse's joke book when he lost it.
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