Of course.

Cost was originally estimated at a total of £6.5million with anticipated split of £4.2million from Hull City Council via prudential borrowing and £2.3million from European Regional Development Fund (ERDF). Of the total cost of £6.5m, the stand, ineligible for ERDF funding, quoted as £1,857,360. Rovers to pay this back to the council, with the other occupants, i think these were Hull Training and another Enterprise support entity, paying the balance. This was on the basis of the original submission though. We then learnt that the costs had increased to £8m I think. The Council underwrote the whole lot in case of default by any of the parties involved.

That doesn't answer my question. Who are the partners, and what is the breakdown of the mortgage between all involved? Is £2M Rovers share?. What are the repayment terms?

Been told that this is true. Can't see it myself

It pretty much does. The council have taken out the loan. Three parties will pay them back; Rovers, who will pay be cost of the stand, quoted as £1.9m, plus interest. Hull Training and an undetermined enterprise support entity will repay the balance. The specific terms have not been published as far as I'm aware but typically are over 30 years at a rate of interest around 3%.

Hull Training are a Council run organisation that's pretty much non-income making. They train underprivileged kids for work. Some of the training facilities cater for the public and a small amount of income is generated from these outlets. Essentially, Hull City Council will be paying Hull Training's share of the loan.

So that's Hull City Council, Rovers, Hull City Council and the other Enterprise support facility paying back the £2M-ish. Anyone know what the latter is, or is it really Hull City Council again?

That's my take on it.

I've only heard the rumour that you've just started.

You should try the other board. They were saying yesterday it was "all over the city". This is not a rumour of [umy[/u making, cockle.

Ah. You're not an Unofficial board affiliate, then? More fool you. Marvin said it was all over the city 26 hours ago. I'd join, if I were you.

No ta, there's enough Bollox to read on here lol

If its "all over the city" I must live a sheltered life!

Have the Chillean Miners got out yet?

No, but Spandau Ballet have reformed. Good times.

Surprised the Mods haven't decided to 'Cut a long story short' here!

True

Eh? There's talk of it all over city, including the HDM comments section which is normally so credible, so well worth a chat on here I'd have thought. Wouldn't want communication to let us down.

So what do you think of it, Mrs B? Bad for FC, isn't it?

Self-evident as we there will be no Hull FC when he delivers on his twice declared preference for a merger. You are a bit silly.

In the event that Allam buys Rovers and runs the club, I don't know what that would mean. You'd be trading a passionate chairman willing to push the boat out for players even if running at a loss for one with probably less willingness to do so to clear the decks. If he builds his hotel thing, who knows? Could be a brilliant age of prosperity, could be another Firoz Kassam scenario.

My take on the financial side of the project is approx £6m is being guaranteed by the Council – Rovers owe £2m and the enterprise hub £4m.

Rover’s pay-back scheme is different to the enterprise hub although both are expected to be repaid within 30yrs.

Re the enterprise hub, the ‘tenants’ will be the NHS, Hull Training, and a company specialising in business start-ups. A non-profit management company will be set up by the Council to deal with the leases etc., and administration.

Re Hull Training, yes it is a Council run organisation, however, it is funded by central government (education budget).

One thing I haven’t heard any mention about, of late, is the proposed bar/restaurant? I know Rovers wanted ‘ownership’ of this as part of their sustainability model.

On the rumours about a take-over, it doesn't make sense to me simply because Neil and Rob have worked so hard to get the club and stadium to what it is (and what it is going to be). Why walk away now and let new owners take all the plaundits? Both Neil and Rob are proud men who want to be part of this legacy. Thats why I am treating it all with a pinch of salt!

I will believe it when I see it till then stop spreading rumors if true its

I'm sure I've read somewhere that the board would be willing to listen if the right offer became available and I'm 100% certain that if the club was sold then it would only be sold under the condition that the club continued in it's own right so the merger issue doesn't concern me at all.

If Mr Allam wants to buy the club, clear all the debts, finish the stadium and give us transfer money to get top quality players then why not? - and I'm sure if he did buy the club it would probably be on the condition that Neil Hudgell, Rob Crossland and the rest of the board continue to be involved anyway (Mr Allam stated that similarly he only bought Hull City under the condition that Adam Pearson continued as director of football operations).

It's quite possible that Mr Allam has thought that no matter how much cash he throws at Hull City, they will always be struggling either get into, or stay in the premier league where as he probably sees an opportunity to make a real difference with Rovers both from a stadium development (and surrounding areas) POV and the playing side of things for far less cash.

Mr Allam gets a lot of undeserved bad press IMO when you consider he's just shelled out £51M of his own money to save the city's football club which he'll never see again and ATEOD at 71 years of age, he probably just wants to leave a legacy before he pops his clogs.

There's way too much sentiment surrounding our club and it's fans and after standing at places like Batley and watched us get tonked by 40 points and I never want to see the club in that situation again so if Mr Allam wants to help take the club onto the next level then I'd welcome it.

If and i say if their was any truth in it and we was told in writing that we would never merge and has you say hudge and co stay i say bring it on and we will build a statue to him but like i said before i will believe if it happens

Well he hasnt bought it yet. Simples.

Don't think there's anything defamatory about it. Though I should state that if any of the parties rumoured to be involved indicate that they disagree, it'd come down faster than Mrs Barista can type 'ongoing liabilities'. Brave in the face of legal action, I am not.

If we got rid of all the speculation, it'd be a very dull board - and people'd be moaning at us about censorship.

On the loan repayments - we either make 'em, and it's not an issue, or we don't and the council foots the bill (the model used in funding the KC, incidentally). If it's the latter then from a r&w pov, at least we were given a chance, from a ill-wisher b&w pov we failed to take it and went pop (as Gabrielle sang, 'dreams can come true, dooby-doo da-da dooby-doo, you know you've gotta have 'em, you know you gotta be stro-oh-ong).

I will wait to hear from official sources, but if it is true I susspect that he will be making money from other develpments around the Craven park ground (his proposed sports village perhaps?) What it wont mean is an influx of top players as we already spend up to the cap limit ( I think) & transfer fees are part of the cap. So apart from clearing debts it just secures the future of the club & allows long term development of the site which the Allam family should rightly benefit,

Transfer fees aren't part of the cap.

Getting a long way ahead of events here, but [iif[/i he came in with money to spend and sporting ambition it [icould[/i be fantastic.

For me it doesn't quite stack up, but you never can tell.