Just a quick quote....I was at the Guildhall yesterday, I am the the one that presented the petition, and I was also there when we recieved our fantastic news! ( I even hugged Carl Minns in my excitement

)

So I would like to thank everyone who signed it, including the odd B&W

and helped us in clinching the funds to enable us to fulfil our dreams at Craven Park! And yes it was our 10,504 signatures that helped!

I am still on a high, hence the stupid o'clock posting



And many thanks for all the congratulations and praise, it was a struggle at times to keep the petition going but our efforts have paid off, and it makes me very proud to be a part of the rugby community.

So on behalf of Julie and Mike Joyce......[size=200=#FF0000THANK YOU[/size

I bet the good folks of orchard park will also be delighted when their homes are destroyed (probably with the poor blighters still inside) to pay for some more shacks to go up at craven park. How you'll be able to sleep is beyond me.

You really haven't looked into this have you?
Infact you have swallowed everything the HDM have printed.
I think they call that a schoolboy error.
Im amazed you aren't more clued up what with you being in Justins cellar and all that.

To be honest, neither



I just think it is amusing the outrage of rovers fans suggesting that you are not actually being helped out at all. Clearly you are. If the boot was on the other foot, you would be practically creaming yourselves. Well done to you. You seem to have landed well on two feet.

Oooh you edited whilst I was responded!

I am in timberlakes cellar, he don't have much to say though at the moment.

Well ill clear it up for you.
Us getting a new north stand has NOTHING to do with the council cuts as the monies used was in no way part of the HCC budget.
HKR and their partners have pretty much taken out a mortgage on the new north stand for £4.2m.
All the HCC are is the owners whilst it is payed off over the next 25/30 years they are also the people who the monies come back to.
There is some risk on the HCC's part as if HKR go belly up they are left with the bill but they obviously feel it's not a huge risk or they wouldn't have accepted it.
So i'll say it again we are not getting one penny of the HCC.

Oh I see wrong Justin

Lets hope Colt45 and the other deadheads realise this before they go embarrasing themselves in the HDM and get another red card

Have you seen the repayment schedules? It said in the HDM yesterday that initial payments were minimal for 4 years and would rise "as and when attendances increase". What if they don't increase? The central government still has to be repaid. Who makes up the difference in that scenario? Presumably Sirius and Hull Training have similar "Buy now pay 2016" terms, if they go belly up, similarly the council would have to cover the shortfall. I'm sure Mike Smith's detailed statement today will address all these points. Or maybe Mason will be answering the questions on his behalf.

So you expect HCC to release private and confidential financial matters to third parties immediatley after agreeing the funding. Bit like the public were informed of HCC paltry return from your club to their coffers.....after how many years ?

Must do better.

Yet you can claim categorically that the terms could not in any circumstances disadvantage the Hull taxpayer without visibility of said documents. Must do better.

That statement was removed - I think there is every chance because it was rubbish. I hope I'm wrong and that type of deal wouldn't be without precedent!

=#FF0000EVERYBODY, R&W and B&W, please be careful with your 'presumablies', 'ifs', 'maybes', and 'I'm sures'. Especially if your speculations are complete shizzle.

But if you do go belly up, then you'll just merge with a local RU club and play in the Aviva Premiership.

That's what that letter in the HDM said.......

As i said earlier in the thread i'm pleased for the area to have this kind of investment. The more i read though the more i cant help be concerned that rather than a grant from the council which would have been wrong this is now a loan from the government guaranteed by the local council. My concern i guess is that normal providers of loans are bound by the Financial Services Authority and the recipients of the loans normally have to evidence certain income levels etc to repay the debt in full. This loan feels a bit more generous and flexible in it's nature. That not only has a risk for the loan provider (tax payer) but it does also have further risk for the guarantour. (local council)

All i can say is that i hope Rovers can keep meeting the repayments. (and i've seen no evidence that they wont) If for whatever reason they dont make the repayments it's the rest of us that will suffer!!

That isn't an additional risk, it is the passage up the chain of the same risk. If Rovers can't meet the repayments, the council will have to cover Rovers share (roughly 1/3 of the total, I believe). If the whole council goes belly up then the the rest of the country will be stiffed. It is a generous loan, I wouldn't argue with that.



By my very rough reckoning, the scale of the suffering caused by Rovers failing to make repayments would be less than £5 per head in Hull or 3p per head if it became a national problem (the latter reflecting an almost unprecendented civic crisis). Serious, but hardly catastrophic.

My point about the risk, yes it's passed up the chain. My point was mainly meaning that without this kind of loan there would have been no chance of borrowing this cash through the usual channels. That in itself shows this as more of a risky borrowing.

Breaking large figures down to cost per head always makes them seem less of a loss. The point here is that if the debt isn't repaid it means a substantial fee that could be used for doing good elsewhere has been wasted. (not for the 1st time by the government) As i said, dont think there is much chance of Rovers not meeting the repayments.

Oh I sleep soundly thank you...thats what comes of having a clear conscience

How's it coming on??

Very well AFAIK.

I went passed other day and although i didnt walk up and take a look it all seemed the same to me, didnt look as though anything has been done yet but as i said i only glanced in the general direction so may well be groundworks getting done.

most of the main components will be constructed off site, concrete cast terrace and steel work etc.

Tbh that's what I assumed - a lot of the early work won't be visable to people not in the trade (most fans I would assume).

All in good time, build it and they will come as our great chairman said.

I can't imagine much construction work has happened anywhere in the UK in the last few weeks.

Good point mate! Getting freezing out there again.

The stand will require significant groundworks, including some piling. Virtually all piling has been halted for the last month due to the weather.