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| Quote ="Mild mannered Janitor"But thats the whole point, what security does it actually provide?
With a mortgage on a house, anyone defaulting gets their house reposessed and the bank sell it on as there is an active market.
There is no active market for a sporting stadia.
Your scenario is exactly what got Leeds Utd into so much trouble. Borrow money on the basis of future income only to fritter it away on high wages for cack player.'"
as I understand it that's why its all tied up with this sports village idea, I'd heard he already has a number of lenders interested (don't know if its true) and the sports village will basically be heavily mortgaged. He isn't just looking to buy the ground as someone said earlier he wants the whole of the fair ground and a large proportion of the park land, all prime real estate for a knock down price. I can't see the council giving him that much and I think these talks will be fruitless.
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| Quote ="The Dentist Wilf"Allams invest £1m in Rovers! That'll make them popular in West Hull!'"
Yep that's on our site to app for investment in players and facilities
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| His involvement with the city gets more and more worrying for me. You never get owt for nowt!
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| I've said it before I don't want them anywhere near Hull FC. I simply don't trust them, rovers need cash desperately and good luck to them if they think that the Assams have offered them a lifeline but ultimately there out for themselves and will not care about the damage they will leave behind.
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That seems to fly in the face of what he said on Blunderside a few weeks back.
Don't want this guy anywhere near FC or the KC, thanks.
And I was going to make MMJ's Leeds United point too. Allem = Ridsdale. Beware!
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That seems to fly in the face of what he said on Blunderside a few weeks back.
Don't want this guy anywhere near FC or the KC, thanks.
And I was going to make MMJ's Leeds United point too. Allem = Ridsdale. Beware!
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| At a guess he's bankrolling Hkr to spend full cap for the next two seasons, then their new stand and extentions will be completed and they can get to the magical 10,000.
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| So much for not favouring one club over another eh?
As for the proposed KC purchase, I reckon I'll be pushing up the daisies before he gets his hands on it. Even if the council agrees to sell, I can foresee a wealth of legal challenges that will drag on through the courts for years. Councillors are legally (including financially) liable for the public finances of the City of Hull, I doubt they'd want to see themselves standing in the dock for pi[is[/ising public assets against the wall.
At their meeting with Allam, they should ask a couple of pertinent but very simple to answer questions:
1) Where exactly will the money be coming from and under what terms?
2) Where will the crowds be coming from to ensure sustainability of the project?
Hull is far from being the jewel of the north east, there simply is not the disposable money available to keep a "Sports Village" turning over on a break-even, let alone a profitable basis.
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| The thing is if they go to a referendum type poll to the city it wont be the FC / KR or city supporters who decide, it'll be the local tax payers. As it stands the stadium doesn't make any cash and will need investment at some point so it may be put across in a manner that the voter will go for. I personally think the council would let the KC go for nothing if they could politically get away with it, its just an outlay waiting to happen for them.
I agree that in the long run it will do FC no good as their seems to be a real problem with the FA around ground sharing. KR coming to the KC is a total no go for this reason alone, playing another set of games each weekend will not go down well at all.
The only way it would work is if they built a new stadium specifically for RL that the 2 clubs shared. Or god forbid they go for the M word.
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| So Mr Allam gives the new council leader's favourite team a cash injection!!
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| Quote ="Smiggs"So Mr Allam gives the new council leader's favourite team a cash injection!!'"
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They are welcome to it, as long as he stays well away from us!
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They are welcome to it, as long as he stays well away from us!
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| Quote ="berrigans bitch"They are welcome to it, as long as he stays well away from us!'"
Apparently he going to be giving ur club the same for youth development and ur training ground.
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In the picture...do you think Allam got a finger stuck up fudges ar..
Anyway I think people are getting way ahead of themselves here.
You seem to forgot that there's a very important player in all of this..........Hull FC.
Do you think were just gonna lay down and let them just pi.. all over us.
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In the picture...do you think Allam got a finger stuck up fudges ar..
Anyway I think people are getting way ahead of themselves here.
You seem to forgot that there's a very important player in all of this..........Hull FC.
Do you think were just gonna lay down and let them just pi.. all over us.
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| Quote ="Smiggs"So Mr Allam gives the new council leader's favourite team a cash injection!!'"
On the face of it a blatant attempt to buy favour ahead of discussions on the sale of the KC. Any half-decent lawyer would be able to use it to muddy the waters during any legal challenge to a sale, so it's either a bit of an own goal or there's something to follow that involves FC.
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| check this dig out by Hudge
We are a stable board of lifelong supporters who want to make nothing out the club," Hudgell said.
"We don't take salaries and dividends or put self gain before performance. That would be selling the fans short in my opinion.
He loves getting 1 in don't he and is he right ? Do we need Assam as an owner ?
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| Quote ="Tarquin Fuego"Do we need Assam as an owner ?'"
Are you completely barking mad?
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www.thisishullandeastriding.co.u ... ticle.html
[i MULTI-MILLIONAIRE Assem Allam has agreed a deal to plough more than £1m into Hull KR, the Mail can exclusively reveal.
It will see him hand over a 'seven figure sum' for immediate investment into both players and facilities at Craven Park.
Mr Allam and his family will not take any shareholding or position at the club as a result, simply remaining as 'supporters'.
Mr Allam was a special guest of the Robins at Sunday's 46-18 win over Bradford at Craven Park, along with MP for East Hull Karl Turner, and leading members of the newly formed Labour group controlling the city council.
"It goes without saying that the club are hugely indebted to the family for their support, and the faith they have placed in me in particular."
Just last week the Allam's were reported to have a family worth of £287m, according to the Sunday Times Rich List.[/i
This is quiet a suprise to be honest, i never knew Mr Allam was a Rovers fan, this is an interesting part "[i Mr Allam was a special guest of the Robins at Sunday's 46-18 win over Bradford at Craven Park, along with MP for East Hull Karl Turner, and leading members of the newly formed Labour group controlling the city council[/i"
Regardless of peoples opinions about Hudge , one thing is for sure he is a shrewd business man with plenty of irons in the fire ( apart from the Mason scenario )
Good news for Rovers i suppose, god knows what Allam will do with the KC if he buys it.
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www.thisishullandeastriding.co.u ... ticle.html
[i MULTI-MILLIONAIRE Assem Allam has agreed a deal to plough more than £1m into Hull KR, the Mail can exclusively reveal.
It will see him hand over a 'seven figure sum' for immediate investment into both players and facilities at Craven Park.
Mr Allam and his family will not take any shareholding or position at the club as a result, simply remaining as 'supporters'.
Mr Allam was a special guest of the Robins at Sunday's 46-18 win over Bradford at Craven Park, along with MP for East Hull Karl Turner, and leading members of the newly formed Labour group controlling the city council.
"It goes without saying that the club are hugely indebted to the family for their support, and the faith they have placed in me in particular."
Just last week the Allam's were reported to have a family worth of £287m, according to the Sunday Times Rich List.[/i
This is quiet a suprise to be honest, i never knew Mr Allam was a Rovers fan, this is an interesting part "[i Mr Allam was a special guest of the Robins at Sunday's 46-18 win over Bradford at Craven Park, along with MP for East Hull Karl Turner, and leading members of the newly formed Labour group controlling the city council[/i"
Regardless of peoples opinions about Hudge , one thing is for sure he is a shrewd business man with plenty of irons in the fire ( apart from the Mason scenario )
Good news for Rovers i suppose, god knows what Allam will do with the KC if he buys it.
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| Quote ="Tarquin Fuego"check this dig out by Hudge
"We don't take salaries and dividends or put self gain before performance. That would be selling the fans short in my opinion.
'"
That would be because there hasnt been a profit to get a dividend on !!
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| Quote ="salthouse red"Good news for Rovers i suppose, god knows what Allam will do with the KC if he buys it.'"
The likelihood of him getting the KC has just reduced significantly IMO. How do you think it will look if people who have an investment in Rovers are allowed to buy the stadium their rivals play in by people who have been publicly schmoozed by those same rivals? It's got lengthy legal action and malpractice in public office suits written all over it.
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| On the face of it I have no problem with this. A local businessman puts a million (or more) into one of the local clubs. Well done HKR for getting the investment. If there was more of this we wouldnt have to worry about bank rolled rugby union clubs being able to easily poach players such as Eastmond. And who's to say they wont at some point invest in us also? I would hate for people to get on there backs for the KR gesture and then loose out because of it.
What does worry me though is how this does all tie in with the stadium bid and leave us. Surely the KR money will not go down well with a lot of people in West Hull. That makes it a strange descision if the council are talking about putting it to a public vote.
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| Quote ="Kosh"The likelihood of him getting the KC has just reduced significantly IMO. How do you think it will look if people who have an investment in Rovers are allowed to buy the stadium their rivals play in by people who have been publicly schmoozed by those same rivals? It's got lengthy legal action and malpractice in public office suits written all over it.'"
Why?, The fact Hull FC play at the KC stadium is irrelivent , Hull FC pay rent to play at the KC , the stadium does not belong to Hull FC .
Mr Allam and Hudge are great friends , one thing that is a bit suspect i suppose is Karl Turner is a massive Rovers fan .
On the upside if/when Mr Allam gets the KC stadium you get to play in a shiny new development , on the down side it leaves the potential for your club to get ripped of in terms of rent and agreements etc etc .
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| We have a lease, why would we change terms?
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| Quote ="Sheldon"We have a lease, why would we change terms?'"
Surely if allam was able to buy the stadium it would be his choice to set new terms for fc, old contracts and agreements surely mean naff all
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| Quote ="salthouse red"Why?, The fact Hull FC play at the KC stadium is irrelivent , Hull FC pay rent to play at the KC , the stadium does not belong to Hull FC .
Mr Allam and Hudge [uare great friends [/u, one thing that is a bit suspect i suppose is Karl Turner is a massive Rovers fan .
On the upside if/when Mr Allam gets the KC stadium you get to play in a shiny new development , on the down side it leaves the potential for your club to get ripped of in terms of rent and agreements etc etc .'"
You are ver nieve...they are business aquaintances
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