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| Quote ="Nobeerineasthull"
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.'"
Which section? Cant be bothered to root through my books for it
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| Quote ="Eric The Viking"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.'"
At least we'll be dry and have a reasonable view of the pitch
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| Quote ="rover49"[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,'"
While Hull probably do pay the equivalent of a commercial rent, it is widely believed that this is not the result of a commercial rent agreement. Whether this is generous (Wilf's view) or a millstone (the opinion of droolers) is an interesting debate. Paradoxically I think it is both - it provides Hull FC with tremendous financial security. OTOH it may act as disincentive to ambition.
Quote ="kingston droolers"Which section? Cant be bothered to root through my books for it'"
I assume it would be failure in their duty to shareholders - if they themselves are the shareholders, I doubt it'd be an issue. The issue would be the negative reaction it would provoke.
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| Quote ="Mild Rover"
I assume it would be failure in their duty to shareholders - if they themselves are the shareholders, I doubt it'd be an issue. The issue would be the negative reaction it would provoke.'"
Yep, public opinion is not part of the 2006 Companies act
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| Quote ="cod'ead"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?'"
living 70 miles away i dont read the daily mail(well from time to time on the net). I prosume that they would try and plug the hole that has been that the budget shortfall. Its only my opinion though as i dont claim to know the ins and outs of how councils fund things. Its a pity these people that decide where the cuts are to be dont look at themselves first. But that will never happen will it
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| Quote ="jeffers#1"living 70 miles away i dont read the daily mail(well from time to time on the net). I prosume that they would try and plug the hole that has been that the budget shortfall. Its only my opinion though as i dont claim to know the ins and outs of how councils fund things. Its a pity these people that decide where the cuts are to be dont look at themselves first. But that will never happen will it'"
Just to clear this up, once and for all.
A sale of an asset could NOT be used to generate income to plug any funding shortfall, it would be ringfenced in many ways for specific expenditure.
[url=http://www.yorkshirepost.co.uk/hull/Hull-City-owners-plan-leisure.6686297.jpFrom the f'whits mouth[/url
Quote ="CllMince"Coun Minns said a sale would not help the council's dire financial situation because Government accounting rules mean that capital receipts cannot be used to run services or pay wages.'"
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| Quote ="Standee"Just to clear this up, once and for all.
A sale of an asset could NOT be used to generate income to plug any funding shortfall, it would be ringfenced in many ways for specific expenditure.'"
But we are living in uncertain times and the public purse is close to breaking point. Perhaps a relaxation of these specific rules may be in order to aid short term cash flow and plug holes in this councils finances. I'm not saying they will, but it should certainly be looked at.
Seems pointless owning assests if they cannot be turned into cash and in this case the KC is not generating income for the council. Plus if they do sell it they will get income from the business rates. Everyone's a winner.
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| Quote ="Gordon Gekko"But we are living in uncertain times and the public purse is close to breaking point. Perhaps a relaxation of these specific rules may be in order to aid short term cash flow and plug holes in this councils finances. I'm not saying they will, but it should certainly be looked at.
Seems pointless owning assests if they cannot be turned into cash and in this case the KC is not generating income for the council. Plus if they do sell it they will get income from the business rates. Everyone's a winner.'"
Not a chance, and nor should it be, the Public Service is bloated and the cuts are completely warranted, it's just where the axe is falling that needs addressing.
Or do you want all assets in private hands?
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| Quote ="Standee"Not a chance, and nor should it be, the Public Service is bloated and the cuts are completely warranted, it's just where the axe is falling that needs addressing.
[uOr do you want all assets in private hands?[/u'"
Never said that did i?? and i do agree public spending is ridiculously high, but if they sold the KC for say £40m, surely that money could be spent on fixing roads and improving other council facilities (and i don't mean CP either ).
What do the council get out of the KC, that they wouldn't if it were sold to the Allams??
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| Quote ="Gordon Gekko"Never said that did i?? and i do agree public spending is ridiculously high, but if they sold the KC for say £40m, surely that money could be spent on fixing roads and improving other council facilities (and i don't mean CP either
).
What do the council get out of the KC, that they wouldn't if it were sold to the Allams??'"
What do the council get out of Craven Park?
This is just wind and guff from politicians and the HDM!
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| Quote ="Standee"[uWhat do the council get out of Craven Park?[/u
This is just wind and guff from politicians and the HDM!'"
Nothing, but thereagain i don't think anybody has expressed an interest in buying it.
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| Quote ="Gordon Gekko"Nothing, but thereagain i don't think anybody has expressed an interest in buying it.'"
Yet Craven Park is the only ground you have sold twice!
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| Quote ="kingston droolers"Yet Craven Park is the only ground you have sold twice!'"
Thanks for that input, useless as it was
Anyway back on topic. What do the council get out of owning the KC rather than selling it??
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| Lets get one thing out in the open the vast majority of KR supporters are salivating and getting all moist because there is a chance they can get rid of our club once and for all.
There has been a long history of them attempting or plotting our demise over the years since the days of our merger and a failed attack by one of there chairmen. There have been other since and it would appear that there whole ambition would be the destruction of our club.
I know of not one instance where our club has taken any action against to the long term detriment to their club. I know some KR uspporters have even contacted there local city councillors urging them to agree the sale.
Sad ..................................
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| Quote ="Ian P"Lets get one thing out in the open the vast majority of KR supporters are salivating and getting all moist because there is a chance they can get rid of our club once and for all.
There has been a long history of them attempting or plotting our demise over the years since the days of our merger and a failed attack by one of there chairmen. There have been other since and it would appear that there whole ambition would be the destruction of our club.
I know of not one instance where our club has taken any action against to the long term detriment to their club. I know some KR uspporters have even contacted there local city councillors urging them to agree the sale.
Sad ..................................'"
Think you're just being a tad paranoid there Ian.
I think the vast majority of sensible fans (which excludes about 80% of those who post on here) don't want to see the end of either club. A situation has merely arisen where a private buyer has expressed an interest in buying a public asset, something which happens pretty much everyday of the week nationwide.
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| Quote ="Eric The Viking"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.'"
But not as mute as 25,000 at one of City's fixtures.
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| Quote ="Gordon Gekko"A situation has merely arisen where a private buyer has expressed an interest in buying a public asset, something which happens pretty much everyday of the week nationwide.'"
Name two that have gone ahead in the last 12 months (and I mean comparable assets)
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| Quote ="Standee"Name two that have gone ahead in the last 12 months (and I mean comparable assets)'"
what ever happens it will not effect the tenure of FC at the stadium!!
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| Quote ="Ian P"Lets get one thing out in the open the vast majority of KR supporters are salivating and getting all moist because there is a chance they can get rid of our club once and for all.
There has been a long history of them attempting or plotting our demise over the years since the days of our merger and a failed attack by one of there chairmen. There have been other since and it would appear that there whole ambition would be the destruction of our club.
I know of not one instance where our club has taken any action against to the long term detriment to their club. I know some KR uspporters have even contacted there local city councillors urging them to agree the sale.
Sad ..................................'"
Absolute rubbish. I have many good friends who, along with their families, are Hull FC fans. Why would i want Hull to die when it would clearly upset them?
I am sure the over-riding majority of Robins are in the same position so dont tar us with the same brush with a few idiots who may, or may not, have contacted the Council on this issue.
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| So just Bertie and Easty? Are they still alive btw haven't heard much of them.
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| Quote ="Standee"Name two that have gone ahead in the last 12 months (and I mean comparable assets)'"
Think you've just joined the paranoid club with Ian. Public assets are regularly changing hands as well you know and before you ask no i can't name any.
Provided there were sufficient safegards to Hull's tenancy and that the Allam business plan was sound and the finance in place, it would certainly make sense for HCC to sell imho. That is providing there were to be some relaxation of the accounting rules, something which doesn't look likely to happen in the near future. Like i've said it sems pointless having an asset if it cannot be turned into cash.
Turn it into Rovers v Hull if you like, but i'm not altogether in favour of the plans for CP either.
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| Quote ="EXPRO"icon_mad.gifgmcd5unwhat ever happens it will not effect the tenure of FC at the stadium!!'"
And GG, you can't name any because, in terms of things such as stadia, museums etc. it happens as often as hen's visit the dentist.
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| Oh and ankles, didn't he put some thing on the unofficial forum about hoping we'd disappear?
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| Quote ="Standee"And GG, you can't name any because, in terms of things such as stadia, museums etc. it happens as often as hen's visit the dentist.'"
There are many more 'publically owned assets' other than stadia and museums. Everything is for sale if the price is right.
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| Quote ="Gordon Gekko"There are many more 'publically owned assets' other than stadia and museums. Everything is for sale if the price is right.'"
I await your examples with interest.....
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