'Let'?



An unguaranteed loan from central government would have been just as unpalatable to you lot in these or any other times.

Not at all. It would have been unpalatable to me based on the fact that financial institutions wouldnt offer that kind of finance agreement. (and they know better than the government)

The main problem i have here is our local council been dragged into Rovers borrowing to drag you out of bother again!! (you'd have failed to meet your franchise promises wouldnt you?)

Who owns the banks at the moment?



You'd have preffered the council to do less (that is nothing



). I'd have liked more help (I know:

). Not a coincidence. For different political reasons the council chose and manufactured something in between. With hindsight and dusting off my empathy it all seems pretty obvious.

The government own controlling shares in a couple of banks, they are not decision makes though. Thats down the the people that know what theyre doing in the jobs. My point was that councillors and politicians deciding who gets this kind of financial support is dangerous as they dont have a clue. It's also not only banks who offer loans! Loads of loans are provided by other Financial Service organisations who didnt get in financial bother and who aren't owned in any way shape or form by the government.

Wouldn't have to borrow the full £4.2m if they'd chosen not to give Mason a "hefty sign-on fee" according to the Aussie press today.

The highlighted words are mutually exclusive.

Oh now you're just been silly.

Quote ="Roofs"Oh now you're just been silly. '" www.heraldsun.com.au/sport/nrl/w ... 5960402823 "Due to start training with Hull KR as soon as he arrives, the club has been busy putting life-size cardboard cut-outs of the 195cm giant all over the northern English city to celebrate his arrival. There was speculation Mason had encountered red tape in terms of his departure - with t[uhe club still due to deliver on a hefty sign-on fee[/u.

Quote ="Roofs"Oh now you're just been silly. '" www.heraldsun.com.au/sport/nrl/w ... 5960402823 "Due to start training with Hull KR as soon as he arrives, the club has been busy putting life-size cardboard cut-outs of the 195cm giant all over the northern English city to celebrate his arrival. There was speculation Mason had encountered red tape in terms of his departure - with t[uhe club still due to deliver on a hefty sign-on fee[/u.

They're waiting for some loan or other to come through.

The key word is SPECULATION Mrs B - there was SPECULATION that we were signing Radford, but thankfully that speculation proved to be (as with this one) complete and utter bollox.

They could've used the same words that Webbo used to Hull Truck.

"It's about time you started standing on your own feet"

After all, having been around three times as long as Hull truck, with two prior council bail-outs and a CVA under you belt, don't you think it's time too?

Just for context:
Hull Truck did receive £15 million worth of capital investment from the Arts Council, The city council and the European Regional Development Fund (this last must why the bratwurst museum's website looks like it is still 2004). last year it received support of £560k from the Arts council and a further £386k from the council; Good for Hull IMO. These figures will now fall to £520k and about £286k, respectively. Unpalatable, but arguably necessary.

If the council had declined to secure/guarantee a loan for Sirius, Hull Training and Hull KR this would have freed up £0 which could have been given to Hull Truck.

Even if, looking through the lens of RL, people dismiss entirely the training and enterprise hub, the value of maintaining a two-team presence in SL, both financial and from a civic pride POV, is substantial IMO. The cost is relatively low, again IMO.

We've got a £300k deal with the NHS and £1.3m council backed [iloan[/i. You've got a £700k deal with the NHS (widely welcomed iirc). So unless and until our ERDF grant comes through, I'd say you are, even now, sucking on the fatter teet, if it is any consolation. Well played.

The arts council arn't hull city council for starters and and whilst not backing the rovers loan won't free up monies for things like hull truck this year the actual cost of the interest payments per year will make things harder and hard for places like hull truck as the amount available will be less.They want this hub to create upto 40 work places will they could just go out and rescue a failing business in cosalt and save 50 jobs for much less and have a possible greater return for less risk.

Still public money. The interest payments will, I'm fairly certain, be made by HKR and their partners. Don't know anything about cosalt, but - genuine question - why would rescuing them be less of a risk if they are currently failing?

The loan itself I think comes from a regeneration fund and I'm not sure it would be possible to use it purely to prop up a private firm. Cosalt's competitor's (assuming they have some) would squeal like hull. sorry, hell.

It must be possible. That's [iexactly what it will be used for [/iif the money the council borrow is re-lent to Rovers. To pay for an asset for a private company that's struggling

. If this does go ahead and is sufficiently publicised, then I'm sure the taxpayers of Hull [iwill[/i be squealing.

Regardless of whether the funds obtained by the council are a loan or otherwise, the fact is the council has procured £4.2M in times of great hardship when cutbacks are being made to all areas of council funding. Morally, should the loan amount go to shore-up some of these public areas or should it be used to pay for a new stand for a private company - Rovers?

I'm certain the comments made earlier by Hutchie are relevant - the inference that Rovers may lose it's franchise place due to the current ground not meeting standard, and the the council being elbowed into a position of obligation because of this.

There is a difference because the arts council receives money from central government and the national lottery.Where if this comes off for rovers its the local tax payers that are liable for this debt.So thats 105,000 households in the city, if the debt was defaulted on each households council tax would need to rise between £40 and £50 just to cover this otherwise we will just see other budgets reduced.The reports have stated rovers will pay a minimal amount nothing at all about the interest.And as stated Rovers are a private business with a few high profile followers from the world of politics how very noble of them to gamble with our money to back their own team/friends business.And as stated Rovers are also a failing company so that's why I compared them to the cosalt situation (granted cosalt maybe as bad a risk but it maybe worth more as its saving 50 jobs compared to trying to create 40).Also the jobs created in this enterprise hub etc. wont be new industries they too will probably have competitors in the area that are doing it tough.But as we have seen before who cares about local business' its never really been the CCJ'ers

In principle I agree. But it isn't a principle that is widely followed and I don't want HKR to be the exception in setting a virtuous precedent. I'm a hypocrite, but at least [iI'm[/i willing to admit it.




How many [uexisting[/u public areas would find a [iloan[/i useful? Hull Truck for example - if they needed to expand and improve their facilities to generate more revenue then a loan would work. If it is just to pay running costs then they are just taking on a bigger burden and delaying the issue. The long-term burden on Hull KR, 'hastening our demise' was the line of trolling I most expected, when I discovered it was 'just' a loan.

Your last point is really one for the RFL and franchising. Clubs like HKR and Salford (£26 million pound Salford city council-Peel joint venture) are to a large extent just responding to that.

I expect that the partnership with publicly-funded bodies will be down played on here, but if the ERDF grant does come through, would you accept that it must have some credibility? How many people in Brussels or Strasbourg will have heard of Rugby League, never mind Hull KR?

The only thing im questioning is, If i was a hkr supporter and your trying to get this funding as you have for your means. Lets say this money went to build a speedway track or a dog track on the same basis. as a tax payer would you be happy if it went to either of the 2 instead off hkr. Im sure as a tax payer most hkr supporters would be saying, it would be a waste of tax payers money. Or it could be money better spent.

The risk is spread between the partners. They could all go bust, but the chances of that seem remote. If just Rovers go, then that is maybe £14 per household. Perhaps a bit more more if central government charges local government early repayment penalties. The details of the repayment plan are not in the public domain. It strikes me as unlikely that the partners will be liable only for the capital of the loan and not the interest. The likely reason there is nothing about this in the reports is because it hasn't occurred to anybody that it is a possibility, rather than a conspiracy of silence. I'd be happy to be proved wrong, but don't expect to be.
Rovers have issues. However the council showed a lot of faith in a football club playing the lower reaches of the league and a RL club that had been fairly recently rescued from the threat of extinction and attracting crowds of 7k. Wouldn't it be nice if this much more modest show of faith helped Rovers overcome their issues and thrive? Wouldn't it?

On a loan basis, I'm certain I'd be fine with it. I quite like the dogs. Not so fussed about speedway, but each to their own.

I'm more than okay with the KC. Despite my initial shock about how little financial return the council had seen on its success, it has done a lot for the image of Hull and generated less tangible, but real benefits. £400 per Hull household well spent.
I'm fine with Hull Truck and other [ugrants[/u to the arts. Small government might be fashionable/necessary right now, but there is more to life than fixing potholes.

sleep now.

Edited for accuracy

I think Minns should go for allowing the East Hull incinerator

Is this some sort of new sport??

Three-a-side rugby with no goalposts??

That's not new - used to play that on Malet field as a lad. Before they put up better fencing to protect the pitches for sunday league football, allowing the next generation of kids to focus on underage drinking and antisocial behaviour in their leisure time.