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| Quote ="Chris71"Indeed and they all seem to think they are immune from the same losses that all SL clubs are and have been facing due to the affect of the pandemic, the lockdown, games played without crowds and reduction in the SKY money. They will still have payments to make to cover the financial cost of buying the ground, costs for upkeep/maintenance, increase in energy costs and owning a ground before didn't stop them or others going bust before.'"
That might explain why the purchase of the stadium has been kept pretty low key.
Would have expected some big announcement but if I hadn’t noticed it on the Hull Live website (when it wasn’t even the big headline) I don’t think I would know about it?
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| Quote ="Dave K."One thing the SMC, need to learn from Rovers is using the stadium for events, when was the last time it held a big event.
It offers a good size stadium with excellent transport links.
If they held a few events, they could make money and that could reduce the costs to both clubs.'"
This is what I struggle to understand.
If they didn’t own the stadium until now how have they been able to use it for events such as boxing and concerts?
Also how was they able to kick out the speedway all those years ago?
Examples of more favours HCC have done them?
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| Quote ="davey41"This is what I struggle to understand.
If they didn’t own the stadium until now how have they been able to use it for events such as boxing and concerts?
Also how was they able to kick out the speedway all those years ago?
Examples of more favours HCC have done them?'"
I'm pretty sure we owned the leash hold which meant although we didn't own the ground at the time we still kept the profits from the boxing and concerts, and presumably why we could kick the speedway out too.
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| Quote ="davey41"This is what I struggle to understand.
If they didn’t own the stadium until now how have they been able to use it for events such as boxing and concerts?
Also how was they able to kick out the speedway all those years ago?
Examples of more favours HCC have done them?'"
You don’t understand that as we previously leased the ground we could hold events?
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| And people question why few frequent this Board these days!!
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| I hazard a guess wel get a much better tenancy agreement, but with the stipulation we contribute towards stadium upkeep
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| Quote ="The Dentist Wilf"And people question why few frequent this Board these days!!'"
=#FF0000Indeed.
Thread cleaned up of all the tit for tat posts. Please stick to the subject and refrain from the childish "we're better than you" rubbish.
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| I would like to think that the governors and custodians of the sport as a whole are fully aware of the impact financially that all clubs and the sport is facing post lockdown etc.
Indications suggest that is indeed the case with the discussions in terms of realigning the RFL and SL and also the deal with Channel 4 to show a small selection of SL games on free to air TV.
Any mocking of any clubs position be it SL, Championship or grass roots is the lowest. Personally whilst things do not look great I do believe the club will recover and the fans will come back if the product on the field continues to improve. No club can ignore the losses caused by the pandemic which are a never before seen situation and no club can have foreseen or budgeted for such losses.
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| Quote ="Dave K."One thing the SMC, need to learn from Rovers is using the stadium for events, when was the last time it held a big event.
It offers a good size stadium with excellent transport links.
If they held a few events, they could make money and that could reduce the costs to both clubs.'"
That is a very valid point. Rovers have in the past 3 or 4 seasons utilised their ground and facilities to bring in extra revenue streams. All rugby and football grounds for that matter cant just sit back and expect revenue on match days to cover the running costs of their clubs. All grounds have to be used to their maximum revenue generating potential, whether that be for business conferences , boxing matches or pop concerts, they all bring in much needed extra cash. I remember many years ago at St George in Australia. They made a fortune from having rows of slot machines incorporated into their leisure facilities. I'm not suggesting that every club goes down the road of having casinos built at their grounds but it is simply an insight into how some clubs maximise their revenues streams. Hull Fc and their new owners could probably come to an agreement where they could stage events at the KC on the proviso that all running costs and profits are shared equally.
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| Quote ="Dave K."One thing the SMC, need to learn from Rovers is using the stadium for events, when was the last time it held a big event.
It offers a good size stadium with excellent transport links.
If they held a few events, they could make money and that could reduce the costs to both clubs.'"
This is true, but the economics need to be right and there are risks attached. Rovers events earnings for example are less than £190k so far in total after 4 years, equivalent to less than a grand a week. Very welcome, but not only about 3% of the salary cap, so not a game changer as such. Need to get the right cost benefit ratio that's for sure.
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| Hopefully the club can agree a deal with the SMC that is mutually beneficial
Let’s hope the Stadium can actually become a community stadium, as was the original intention
Not charging community clubs and schools a fortune to hold finals there, or chuck sporting clubs out of the facilities would be a start.
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| Quote ="Irregular Hoops"Hopefully the club can agree a deal with the SMC that is mutually beneficial
Let’s hope the Stadium can actually become a community stadium, as was the original intention
Not charging community clubs and schools a fortune to hold finals there, or chuck sporting clubs out of the facilities would be a start.'"
Would be great if this were to be the case.
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| Quote ="Mrs Barista"This is true, but the economics need to be right and there are risks attached. Rovers events earnings for example are less than £190k so far in total after 4 years, equivalent to less than a grand a week. Very welcome, but not only about 3% of the salary cap, so not a game changer as such. Need to get the right cost benefit ratio that's for sure.'"
Peoples personal financial situation could also preclude many people from attending the extra curricular activities they would put on, in the short to medium term anyway.
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| Quote ="Mrs Barista"This is true, but the economics need to be right and there are risks attached. Rovers events earnings for example are less than £190k so far in total after 4 years, equivalent to less than a grand a week. Very welcome, but not only about 3% of the salary cap, so not a game changer as such. Need to get the right cost benefit ratio that's for sure.'"
Nearly half the time being affected by lockdown did not help.
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| Quote ="Keiththered"Nearly half the time being affected by lockdown did not help.'"
That's not true Keith is it? Please check the accounting periods.
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| City are debating whether it's economical to open West Upper when it costs £3000 just to clean it after a match.
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| Quote ="Mrs Barista"That's not true Keith is it? Please check the accounting periods.'"
Please say what you mean. If you want to disagree tell us why.
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| Quote ="Irregular Hoops"Peoples personal financial situation could also preclude many people from attending the extra curricular activities they would put on, in the short to medium term anyway.'"
Absolutely. With the cost of living crisis the primary focus should be on retention of sports fans in attendance and merchandise terms, and re-engaging lapsed fans, I'd imagine this is City's priority. Events are a great supplementary income stream if you get them right but when belts are tightening the priority needs to be the core sporting proposition.
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| Quote ="Keiththered"Please say what you mean. If you want to disagree tell us why.'"
You've got your maths all wrong in terms of the accounting periods, earnings and Covid restrictions. Check Companies House and the calendar.
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| Quote ="Mrs Barista"You've got your maths all wrong in terms of the accounting periods, earnings and Covid restrictions. Check Companies House and the calendar.'"
You are just playing games. If you have the information just say what it is.
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| Quote ="Keiththered"You are just playing games. If you have the information just say what it is.'"
"Nearly half the time affected by lockdown" says you. Show your workings please.
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| Is City’s new owner meant to be the Turkish “Simon Cowell “ ?
He now controls the SMC . I would think he would want events back . A strong viable Stadium, with 2 strong Clubs playing there ?
Let’s face it , it’s a better venue than Craven Park . Situated near to the City centre . Who wants to go to a concert in Hedon ?
Maybe a development is on the cards ?
I was told we were moving from County Rd to a purpose built facility on the old Police Club grounds on Inglemire Lane , opposite the University.
Maybe AP is in talks with City’s new owners ? over developing land around the MKM , West Park area ?
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| Quote ="HFC Boy"Is City’s new owner meant to be the Turkish “Simon Cowell “ ?
He now controls the SMC . I would think he would want events back . A strong viable Stadium, with 2 strong Clubs playing there ?
Let’s face it , it’s a better venue than Craven Park . Situated near to the City centre . Who wants to go to a concert in Hedon ?
Maybe a development is on the cards ?
I was told we were moving from County Rd to a purpose built facility on the old Police Club grounds on Inglemire Lane , opposite the University.
Maybe AP is in talks with City’s new owners ? over developing land around the MKM , West Park area ?'"
Been training behind the Uni quite a bit I think - plus the academy play on the 4G there
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| Quote ="HFC Boy"Maybe AP is in talks with City’s new owners ? over developing land around the MKM , West Park area ?'"
Maybe the council will sell the land to AP for £1, and then he can lease it to the new city owners for a tidy sum?
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| Quote ="Irregs#16"Been training behind the Uni quite a bit I think - plus the academy play on the 4G there'"
To what extent do we use the Uni facilities?
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