Think the question that I'd like answering has the club actually spoken with Allam too find out were they stand in all his plans..

I honestly think he is a nice guy who is trying to help the sports teams in Hull and has no motives, but he is nuts and hasn't a clue what he he talking about.

Hopefully the club are speaking to Allam and his team and will release a statment in the near future about what happens if he buys the KC.

The further we stay away from him the better. We don't need his money and regardless of what some may think these things never come without strings attached. I don't want one penny of his cash 'invested' in our club thanks.

Which makes him just as dangerous as a man with ulterior motives.

The only way I'd be interested in his money is if he bought out the remainder of the clubs lease at the KC and allowed us to play there while we had our own ground built..

He hasn't given Rovers an intrest free loan at all, he has donated over one million pounds to our club "[u[iHe added: "Neil offered me a very attractive return on the money, but I declined completely. I don't earn money from sport. I don't like it. I should not earn money out of sport. My involvement is for no return whatsoever."[/i[/u"


And he never offered Hull FC the same , as Mr Allam has stated Hull FC have the privilage to play in the KC stadium , his words

FFS

No he hasn't listen to his interview form last night, 17th minute.

His first word's "It is a Soft loan".

Getting boring now saying the same thing over and over again.

It's a loan. Do you even understand what 'return' means in financial terms? A clue - it doesn't mean 'to give back'.

Isn't a soft loan a loan that in effect doesn't have to be repaid unless the company can afford to repay it, its used to help businesses either get going or to keep going. If the company starts to turn a profit they then will pay it back, if they don't it becomes a grant and never has to be paid back.

Oddly enough we've had that "privilage" (a privilage we actually pay for btw) long before he arrived on the scene.

Calm down dear...seems Mr Allam has you all worried for some reason .

He should worry all sports fans in the city as he either has ulterior motives or no clue what he's doing. But mostly this morning I'm bored with correcting numbnuts whose understanding of the English language appears to be extremely limited.

The crux for me is this. Were the stadium to be sold to Allam (Hull City) then however watertight our lease might be seen to be (even if renegotiated as part of the deal), then as Allam's (Hull City's) tenants our future would immediately be inextricably linked to the success or failure of Allam's (Hull City's) sport's village venture and Hull City as a football club. If (as is entirely possible - some may say probable) City do not have a solid premiership future but instead yoyo around the lower leagues then the financial burden of all the borrowing could well become too much and the venture may well fail. We could have a really impressive, watertight tenancy deal but it will count for diddly squat if we turn up at our village training facility to find the gates chained up by bailiffs, or better still the KC turnstiles are locked on matchdays for the same reason.

Thinking back a few years it would be as secure as us having left the Boulevard and moved in to Boothferry Park as tenants. That would be the effective situation we would be in.

I don't believe that the KC sale is by any means a forgone conclusion - not at all - but for those who might entertain the thought that if it were to happen a slick tenancy deal would protect us then maybe think again.

I think your just worried Allam wants the KC for Hull City only , deep down that must be on the mind of Hull FC fans surely.

No. A soft loan is a loan below the market rate of interest and often with flexible or lenient repayment terms. It's still a loan and has to be repaid at some point.

You're not worried about an extra £1Million loan (albeit an interest free one) on top of your already crippling debts?

How much does that make your total debt for merely trying to "keep up" with big clubs like ours?

I really can;t see what gain anyone would have from getting FC out of the KC, I agree they might not be the primary focus of the owner (are they now?) but it is surely a more viable venture with the rugby team in it then without them. As a sporting vilage the RL would attract circa 14k every other week to the village, using its hotels and facilities. Why would he throw that out.

Staffs point is valid, that if it went pear shaped then you would go with it but the ulterior motive of removing FC just seems a bit paranoid.

I have multiple concerns. His plans for the KC are a worry whether we remain as tenants or not - see StaffsFC's post above. Nothing he has said has indicated that he is either trustworthy or knows anything about sport, and he has stated his opinion that Rovers and FC should merge. He has the money and influence to make that happen if he really wants to. His plans for City appear to be pie in the sky and put the future of the club in considerable doubt IMO.

In short, I think he's bad news for the sports clubs in Hull either by design or by accident.

Never heard of it until today, had to look on the internet to find out, what Kosh says seems to be true, but it looks Allam is offering 0% interest.

Not sure why he didn't just call it an interest free loan.

Rovers welcome a massive investment as the Allams "plough in" 1 million pounds to get the club back to old glories!....................................................................................................................................................................oh by the way, we have to actually find it and give him it back at some point him








GENIUS!!!!!! £5 Million debt here we come











=#FF0000Edited to avoid breaking the board formatting.



K.

Of course it is.

However its not just that which worries me, its the fact that pillock Neil Hudgell is starting to bring him to our sport. Whilst you Rovers fans bask in the glory of a one Million investment (which only buys you time by the way not much else) you must have forgotten what the Allams long term plans for our sport is.

Because then the dobbins would realise they are £4.5m in debt...Look at the wording it has got them all thinking it was a gift..fans happy no concept that they are in the mire even deeper.

Rovers approached Allam for the dosh, this suggests to me they are really struggling, they hoped the Mason deal would put bums on seats that has not happened, there are attendances are not up on last season to date.

Rovers are in the e big time, I've heard for a while now through various sources the players have not being paid some weeks. How true it is I have no idea but they is no smoke without fire and all that.

If I were a rovers fan it's this that would worry me.

Just how bad are things for rovers for Hudgel to go cap in hand to a guy who thinks it would be best if we merge. and were concerned at what is happening with the stadium, Think they have bigger worries to be honest..