Re: What now? : Thu Oct 28, 2021 11:57 am  

.... I haven't seen that comment in the HDM, mine came from Radio Humberside...

Council Leader Daren Hale tells the Burnsy Show @RadioHumberside there has been no approach to @Hullccnews from anybody interested in buying @HullCity
He says he would have expected contact especially in the case of sale of the SMC.

Re: What now? : Thu Oct 28, 2021 12:25 pm  

ccs wrote:

.... I haven't seen that comment in the HDM, mine came from Radio Humberside...

Hale wouldent be highlighting the matter as it seems yet another Council cockup

HDM article says this about a 2014 Council Reports findings:

"The report also revealed the lease only required council consent for its transfer to a third party or the disposal of shares in the SMC up to December 2012 under a clause in the original agreement"

"As a result, the council cannot now raise any potential legal challenge to a potential takeover of the company"

Re: What now? : Thu Oct 28, 2021 12:34 pm  

.... Not the easiest article to find.... https://www.hulldailymail.co.uk/news/hu ... il-6124586

.... Not the easiest article to find.... https://www.hulldailymail.co.uk/news/hu ... il-6124586

Re: What now? : Thu Oct 28, 2021 4:54 pm  

Armavinit wrote:

Why would he do that? More importantly, why was he allowed to take out a loan for £8.5m on the SMC when he doesn’t own it. Isn’t it still owned by the Council?

Allam owns the SMC the council own the stadium
Bartlett took out a mortgage on the SMC is that what you mean?

Re: What now? : Thu Oct 28, 2021 6:38 pm  

bonaire wrote:

Allam owns the SMC the council own the stadium
Bartlett took out a mortgage on the SMC is that what you mean?

If memory serves, Bartlett took out a loan using the SMC as collateral, to fit out the boardroom. Allam took out a mortgage for £8.5m and fully loaded it with debt. Does anybody know what the mortgage was for?

Re: What now? : Thu Oct 28, 2021 11:41 pm  

Armavinit wrote:

If memory serves, Bartlett took out a loan using the SMC as collateral, to fit out the boardroom. Allam took out a mortgage for £8.5m and fully loaded it with debt. Does anybody know what the mortgage was for?

Probably to help pay for the Allam’s ‘gift to the City!’

The SMC concept has been abused though. Not sure if it’s happened like that with other stadiums, like Man City move to the Etihad had a similar deal with the Council.

If it’s in the air with City being sold, wonder if there’s scope for Adam to buy it and regain ownership? Might cost a bit in the short term, but may provide more stability for us in the future and provide more revenue opportunities from the stadium.

[Chris71]

Re: What now? : Fri Oct 29, 2021 7:59 am  

Rugby Raider wrote:

Probably to help pay for the Allam’s ‘gift to the City!’

The SMC concept has been abused though. Not sure if it’s happened like that with other stadiums, like Man City move to the Etihad had a similar deal with the Council.

If it’s in the air with City being sold, wonder if there’s scope for Adam to buy it and regain ownership? Might cost a bit in the short term, but may provide more stability for us in the future and provide more revenue opportunities from the stadium.

Its needs to be someone that is totally independent and impartial and that has proven experience running Stadiums/Arenas etc. The KC has never really been run or utilised properly and this needs to be addressed for the benefit of the City Council, both Hull FC and Hull City and just as importantly the local community and local sporting clubs.

Re: What now? : Fri Oct 29, 2021 8:11 am  

Hearing rumours of Richardson coming. Don't think much to him really. Probably better cover in the halves than McNamara but not good enough as a starter

Re: What now? : Fri Oct 29, 2021 8:33 am  

Hasbag wrote:

Hearing rumours of Richardson coming. Don't think much to him really. Probably better cover in the halves than McNamara but not good enough as a starter

He's a show pony and can't defend.

He looked mentally broken at Cas too. I don't want this to come across as arrogant but I don't think he's cut out to be a 7 at a big club. He'd crumble under the pressure here.

Re: What now? : Fri Oct 29, 2021 9:55 am  

Hope we can pay for our 2022 passes in Turkish lira