1-100 is may favourite KR stat, wasn't that wht they paid in the pound to their creditors?

You could say the same about The Guildhall, City Hall, Costello, East Park, Ferens Art Gallery and every museum in the city. How much do any of them contribute?

Slight difference in a £43 million stadium that makes money by the bucket, even if we had 30% of it I bet it would be a shed load that could be utilised on much needed spending by the council. I don't want it sold, I want it to bring in cash for the good of the city, but if it is sold even for the original outlay its the equivilant to over 7,300 years of returns at current return rates. Even you as a blinkered B&W cannot believe the ratepayers have had a good deal (this included FC fans as well) with what has been returned so far.

If they wanted to 'give back to the people of hull' why 14,000 off by kicking them out? Aren't family members fans/season pass holders at hull fc?

Absolute tosh. FC and City pay a commercial rent, which I know is an alien concept to a Rovers supporter benefitting from a 250 year peppercorn lease. City make a loss and FC a small profit. What are you suggesting here, that FC and City pay a rent over a commercial rate?

Fair do's. As I said I wasn't 100% sure on the events that lead to us not been represented on the SMC, and it seems we can only have ourselves to blame if you are correct.

However, not having reprecentation on the SMC shouldn't open the gates to Hull FC been treated differently to the other tennants of the stadium, which is certainly what happened in the early days.

At the time of the KC opening, a family friend who at that time was a duel Hull City and Hull FC season pass holder encountered some strange goings on. As the KC opened part way through the football season, he went to the KC to pay his money to be able to park in the south stand car park. He paid by cheque and was asked to make this payable to Hull City AFC.

Before the start of the super league season, he went back to the KC to pay for the same car parking spot for the duration of Hull Fc's season, again paying by cheque, only this time he had to make it payable to the SMC. He questioned this and explained that for the football season his money went to Hull city for the same service and he was told that there must have been a mistke as it should go to the SMC.

Later that summer he was back at the KC, wanting to secure the same car parking pass for the football season. I presume that you have already guessed, but I'll tell you anyway, he was asked to make his cheque payable to Hull City AFC. He refused, kicked up a stink and got a full refund on his Hull City season pass and has never been to see them since.

There may be a simple explanation for this, and i'm not suggesting it still goes on, but would this have happened had the council run the stadium themselves or at least got someone independant of both clubs to manage it for them?

Call me paranoid if you like, but I would be very worried if someone connected soley with Hull City was allowed to purchase the KC. Hopefully, because of the reasons you have pointed out earlier in this thread, that won't happen

I have a vested interest in the KC as I am a Hull City fan. Don't tell me where I can and can't post, if you don't like what I have to say, ignore it, simple.

There's a nice foe option.

[size=200WHERE THE F'CK DID I SAY THAT THEY HAVE NOT PAID A COMMERCIAL RENT[/size



If you read it properly before jumping on your high horse as usual, its about the end return to the RATEPAYERS of Hull, I don't for one minute doubt that FC and City have paid a commercial rent, I don't doubt that the concerts have made a big profit, I don't doubt that the stadium as a whole is a fantastic money making entity, my concern is that someone other than the ratepayers of Hull are trousering the rent paid by both clubs, the catering profits, the concert profits. The ratepayers have had a return over 8 years of 47k on a £43 million investment, surely even a biased sod like you understands that its not been a very good venture for the RATEPAYERS of Hull

this is my biggest concern.

they are 'rich' compared to the general population, but in the Oilgarch and Sheik filled world of football they aren't.

as you say they have already laid out a significant sum just paying off the debts.

I trust Mr Allam has the city's best interests at heart, but at the same time I am very concerned about what happens if he does his financial problems, and the stadium gets sold to some faceless investment group who fleece Hull and City dry.

You're an utter loon. The council bought the stadium for the community and charged the SMC with its guardianship. At the end of the SMC contract the council will still have an asset, including the land. If the SMC were making a massive profit to return to the council, they would be ripping off its tenants, charging them over the odds compared to the costs of the KC stewardship. How many concerts have there been exactly? Do you think the costs of staging a concert are immaterial? The stadium was bought, like most public assets, as an investment for the benefit of the community and in this case through an exceptional windfall. The fact is that the costs of its upkeep are being met at no cost to the taxpayer but entirely at the expense of Hull City and Hull FC. We're in effect servicing a public asset sat on the council's balance sheet on your behalf. As a taxpayer you should be thanking us for looking after your property and providing you with a modest return. What "return" as a tax payer are you getting from the double glazing?

Can you give examples of ANY other KUHCC capital project that has delivered what could even remotely be considered as a commercial return on investment?

Unlike most, if not all, other KUHCC capital projects, the KC is offering a return, however modest, rather than a charge on the revenue account

I agree with everything that you say well put !

can seriously see this happening. With the council having there budgets cut, i think they will see this as a no brainer. I hope i'm wrong though

Councils up and down the country are having their budges cut, doesn't mean they will be allowed to sell-off multi million pound assets.

The council can sell the KC if it wants to.

What it cannot do is sell for less than it is worth. That would lead to an investigation by the District Auditor and potentially the councillors who made the decision having to pay surcharges to cover the loss.

What is the stadium worth? It cost £46m to build. That figure does not include the value of the land on which it stands and the surrounding land.

The Allams are said to be worth £180m. They have already invested £40m in Hull City. Could they afford to buy the stadium? It would mean putting over half of their total wealth into Hull City/the KC so probably not without borrowing the money, which would doubtless be secured against the stadium itself.

If the stadium is sold it does not affect Hull FC's lease. Yes they could try to buy out Hull's interest in the lease but as Hull would be under no obligation to sell the board could name its price. That price would be not less than the cost of a new home for Hull FC. How much would that be?

Any suggestion that the board could sell the lease, trouser the money and abandon the club is laughable and in doing so the directors would certainly be in breach of their duties under the Companies Act 2006.

It can?

From where do you deduce that?



See above



See above



See above but as a caveat, what fantasy world do you live in where these deals are done without finance? The Allams would not be expected to turn up with a suitcase full of notes. I seriously doubt that they'd even be required to offer personal guarantees. I'd also be surprised if they funded the purchase of Hull City from their own wealth.



see my 1st reply



As above

And what would they do with the money?

Have you read the thread or are you just going by what the dailywail has to say?

What do you [iknow[/i about the covenants attached to the KC as opposed to what you [iimagine[/i?

The fact that there [imay[/i be restrictions about what the council could do with the proceeds of sale would not prevent a sale itself.

Time for bed sunshine, let the adults play now

Would the council have a duty to sell to the highest bidder and put it on the open market to bring the best return for the residents of Hull?
Why should the Allems have a sole bid and would that be legal?
If the council are going to sell theres a lot of questions to be asked Will the Allems in five/six years time after losing money, getting bored of there project sell to any one with big bucks.

What if the council see the sale of the KC as a way of funding a new stadium east of the city.

They are often criticised for what seems to be a favouring of Hull FC by building a stadium that houses them and Hull City, not a problem while HKR were in the lower division but now it looks like unfair treatment of the City's professional teams.

If the council sold the KC with assurances that both RL and football will be safe in their tenure they could than use some of that money to build another iconic stadium for HKR and in the process make the city of Hull the envy of many other cities accross the country.

I think underwriting a loan to extend Craven Park is sufficient dont you?, and has often been pointed out, City & FC pay rent to use the stadium, so they've hardly been "given" it.

Not to mention that having 2 stadiums is hardly going to make Hull the envy of other cities

Also not to mention that HKR were offered tenancy at the KC and declined it.

And finally if, as some claim, the KC is going to be sold to pay of "debts" or even fund other shortfalls, do you really think building another stadium is going to be high on the list of priorities not withstanding the fact it would be political suicide?

[urlhttp://www.thisishullandeastriding.co.uk/news/Allams-vision-city-forefront-sport/article-3082983-detail/article.html[/url

This was never in doubt, Hull FC will remain tenants for as long as they please. The only problem for Hull will be having 12,000 people sat in a 38,000 seater stadium. The atmosphere will be mute.