Quote ="Bertie"Thanks for the reply Mrs Barista, but still unsure what you mean by inter company transactions.....what other companies apart from City and Hull FC are involved ?'"
The same (or very similar) shareholders own Hull City and the Stadium Management Company (SMC). The SMC has a contract from KUHCC to operate the stadium and receives income from :-
- Rents from HCAFC and HFC
- Catering and bar takings
- Executive box/coroporate hospitality
- Corporate events
What I think Mrs B is (quite rightly) saying is that there is such a close connection between Hull City and the SMC that there is the potential for creative accounting between the two