I goes to show either his stupidity or arrogance, or both.

Don't forget the £4.2M borrowed for the North stand, that would make it £8.7M. Minor little details tend to get overlooked when all you have before your eyes are ££££££££££ signs, vison gets a little impaired.

Jesus and they worship that fool Hudgs, they really are dim



Although never fear Willie's here

That £4.2 is for the whole development and is to be divided between three partners, of whom HKR are one. One thing that has occurred to me is that Allam's money may provide alternative rather than additional funding, to be paid back at a lower rate (eg 0% interest). This would also limit the Councils exposure, as it was they who are to underwrite the loan.

So £3.5m debt you already had...£1m new debt of Uncle Allam...£4.2m debt split 3 ways.....

Phew!! no problems then

On holiday so can anyone give me a quick update of what´s going on or don´t we know?

Hope you had a nice holiday...

Allam went on radio the other week saying KR & FC should merge, and he favoured no club..
It transpired he gave KR £1m soft loan...to add to there present debt...Spent 3 days trying to tell the dobbins it is not a gift and will ave to be paid back, they are having none of it and declare we are jealous (because we have not got ourselfs into £1m debt

)..
Allam is a mad man who now is making noises that he owns the stadium already..

That is about it I think

Allam has scheduled a meeting with the Council to discuss the sale of the KC. He's also just given Rovers a 7-figure interest-free loan and claimed it's to compensate them for us being 'allowed' to use the facilities at the KC. He's talking as if he already owns the place.

Prior to the announcement of the loan Allam was a guest of Hudgel at CP - along with half the council and the local MP. The MP and the council leader are Rovers fans, thus leading to suspicion about a deal being done behind closed doors.

Think that covers the main points!

Allam has given Rovers a soft loan of £1m. Possibly as first step towards buying the KC for a fiver and throwing Hull FC out on the street, because...

erm... of this thread, as likely as anything.

That will only happen after he has bought you lot....well he will not have to pay any-thing as you already owe him £1m

Karl Turner? former ball boy at the Boulevard or something, wasn't he?

The weathers sh17.

Thanks, so as clear as mud then. I heard he had given Rovers a million not loaned them, so it´s potentially more debt then?

As for the stadium I am sure he will get it but I also think our interests will be protected despite the scaremongering going on. As for Allam I still don´t trust him and wouldn´t if I were Rovers or Hull.

Back to the sun and cerveza

The whole project is to cost £6.5M with £4.2M coming from the council, the problem with 3 partners is if one or more move away from the stadium (Rovers being the exception), would that then leave Rovers covering the full repayment to the Council?

That's him. He got demoted.

4 more days then Turkey here I come

Correct , East Hull MP Karl Turner is a Hull FC fan.

Bugger it

thats let the cat out of the bag

No, it would not.

You know he is not an FC fan, you stated earlier that he was just a rugby fan make your mind up



You will be saying he is an honest trustworthy person next!

Karl Turner is a Hull fan a deluded and not particularly popular one I'll grant you but a Hull fan!

It would make sense if we could afford it then we could be much more flexible in pricing/offers etc, have more match day and non match day income and also not have to worry about idiots getting their hands on the KC

He is a rugby supporter that likes to be kept in the closet around election times



Politicans , they are nearly as trustworthy as union reps

Mr Allam on Boots "n" All ,just caught the end of his interview . Eddie saying Rovers have won the lottery!

you mean this Karl Turner? www.thisishullandeastriding.co.u ... ticle.html

you mean this Karl Turner? www.thisishullandeastriding.co.u ... ticle.html