Quote: Someday "Hope upon hope this comes of it will be good for all concerned'" It sounds as though there is some cash available https://www.hulldailymail.co.uk/sport/r ... rk-3356850

Quote: Someday "Hope upon hope this comes of it will be good for all concerned'" It sounds as though there is some cash available https://www.hulldailymail.co.uk/sport/r ... rk-3356850

Interesting times. Negotiations at a delicate stage, so fingers crossed.

Not quite sure what the benefits of buying CP are the club already own the leasehold which gives them 100% of income from the stadium.

I'm sure Hudge knows what he is doing though.

I believe it is still owned by the company that Don Robinson was the director of, which then leases it to the council, which then in turn lease it to Rovers. I'm sure I remember Neil Hudgell saying recently that a significant saving could be made from owning the ground outright instead of simply having a lease.

Pluse if we ever went tits up( hope not ) good collateral

The Council own all the land and buildings, KCD Dominic Gibbons, Keith Brown, Andrew Robinson (all directors) own a long term lease, leased by HCC, and rent the ground to Hull KR, for Hull KR to purchase the freehold HCC have to buy back the lease from KCD, Hull KR have then offered market value for the freehold but for this to happen all party’s must reach agreement, which is very close to being done.

Once he owns the ground Hudgell will borrow against it to develop the land for commercial/community use. Owning such an asset may even unlock external investment, Hudgell can't bankroll KR forever, just like AP can't at FC either. Hudgell needs to move quickly (before May next year) or he may lose the support of the council if it goes to NOC or Lib Dem.

I happily entrust the safety of the club to Hudgell. We know he's not interested in making money from Rovers that's clearly evident.

Those that have a little bit of insider knowledge.. Some have seen plans know that borrowing against the ground is not in his plans either.

Yes, I am sure they have seen detailed business plans. He openly states the club need to be self-sufficient, owning an asset with a managed mortgage set against rental commercial income and club receipts would create such an entity.

Why would Neil burden the club with a mortgage when he doesn't have too.
He talks in his interview about been self sufficient and not having to pay the monthly cost of a lease agrement. So why then go out & get a costly mortgage.
Your correct in thinking he needs investment but from what I hear that investment would come from a developer.

We'll see what happens, I doubt an announcement will be made about how everything is being financed, nor should anyone expect it to be.

Maybe the cost of the mortgage is less than the rent? The running costs of day to day operation are the same.Coupled to the fact if you own the ground any gain in property values are yours as the owner, along with all other revenues & developments. Non of the afore mentioned matters if it is not managed properly.

Years ago I bought my first house because it was a lot cheaper then renting is it the same now get a mortgage and it’s cheaper

so looks like the council will be funding Rovers in some way for this move , Councillor Webster

I assumed you’d know what market value meant, or to put it another way full commercial price, no subsidy.