Re: Hull FC 2021 Accounts : Mon Apr 04, 2022 3:13 pm  

Chris71 wrote:

Indeed and they all seem to think they are immune from the same losses that all SL clubs are and have been facing due to the affect of the pandemic, the lockdown, games played without crowds and reduction in the SKY money. They will still have payments to make to cover the financial cost of buying the ground, costs for upkeep/maintenance, increase in energy costs and owning a ground before didn't stop them or others going bust before.

That might explain why the purchase of the stadium has been kept pretty low key.

Would have expected some big announcement but if I hadn’t noticed it on the Hull Live website (when it wasn’t even the big headline) I don’t think I would know about it?

Re: Hull FC 2021 Accounts : Mon Apr 04, 2022 3:23 pm  

Dave K. wrote:

One thing the SMC, need to learn from Rovers is using the stadium for events, when was the last time it held a big event.

It offers a good size stadium with excellent transport links.

If they held a few events, they could make money and that could reduce the costs to both clubs.

This is what I struggle to understand.

If they didn’t own the stadium until now how have they been able to use it for events such as boxing and concerts?

Also how was they able to kick out the speedway all those years ago?

Examples of more favours HCC have done them?

Re: Hull FC 2021 Accounts : Mon Apr 04, 2022 3:40 pm  

davey41 wrote:

This is what I struggle to understand.

If they didn’t own the stadium until now how have they been able to use it for events such as boxing and concerts?

Also how was they able to kick out the speedway all those years ago?

Examples of more favours HCC have done them?

I'm pretty sure we owned the leash hold which meant although we didn't own the ground at the time we still kept the profits from the boxing and concerts, and presumably why we could kick the speedway out too.

Re: Hull FC 2021 Accounts : Mon Apr 04, 2022 3:43 pm  

davey41 wrote:

This is what I struggle to understand.

If they didn’t own the stadium until now how have they been able to use it for events such as boxing and concerts?

Also how was they able to kick out the speedway all those years ago?

Examples of more favours HCC have done them?

You don’t understand that as we previously leased the ground we could hold events?

Re: Hull FC 2021 Accounts : Tue Apr 05, 2022 12:28 pm  

And people question why few frequent this Board these days!!

Re: Hull FC 2021 Accounts : Tue Apr 05, 2022 12:41 pm  

I hazard a guess wel get a much better tenancy agreement, but with the stipulation we contribute towards stadium upkeep

[Karen]

Re: Hull FC 2021 Accounts : Tue Apr 05, 2022 1:13 pm  

The Dentist Wilf wrote:

And people question why few frequent this Board these days!!

Indeed.

Thread cleaned up of all the tit for tat posts. Please stick to the subject and refrain from the childish "we're better than you" rubbish.

[Chris71]

Re: Hull FC 2021 Accounts : Tue Apr 05, 2022 3:14 pm  

I would like to think that the governors and custodians of the sport as a whole are fully aware of the impact financially that all clubs and the sport is facing post lockdown etc.

Indications suggest that is indeed the case with the discussions in terms of realigning the RFL and SL and also the deal with Channel 4 to show a small selection of SL games on free to air TV.

Any mocking of any clubs position be it SL, Championship or grass roots is the lowest. Personally whilst things do not look great I do believe the club will recover and the fans will come back if the product on the field continues to improve. No club can ignore the losses caused by the pandemic which are a never before seen situation and no club can have foreseen or budgeted for such losses.

Re: Hull FC 2021 Accounts : Tue Apr 05, 2022 5:22 pm  

Dave K. wrote:

One thing the SMC, need to learn from Rovers is using the stadium for events, when was the last time it held a big event.

It offers a good size stadium with excellent transport links.

If they held a few events, they could make money and that could reduce the costs to both clubs.

That is a very valid point. Rovers have in the past 3 or 4 seasons utilised their ground and facilities to bring in extra revenue streams. All rugby and football grounds for that matter cant just sit back and expect revenue on match days to cover the running costs of their clubs. All grounds have to be used to their maximum revenue generating potential, whether that be for business conferences , boxing matches or pop concerts, they all bring in much needed extra cash. I remember many years ago at St George in Australia. They made a fortune from having rows of slot machines incorporated into their leisure facilities. I'm not suggesting that every club goes down the road of having casinos built at their grounds but it is simply an insight into how some clubs maximise their revenues streams. Hull Fc and their new owners could probably come to an agreement where they could stage events at the KC on the proviso that all running costs and profits are shared equally.

Re: Hull FC 2021 Accounts : Tue Apr 05, 2022 5:35 pm  

Dave K. wrote:

One thing the SMC, need to learn from Rovers is using the stadium for events, when was the last time it held a big event.

It offers a good size stadium with excellent transport links.

If they held a few events, they could make money and that could reduce the costs to both clubs.

This is true, but the economics need to be right and there are risks attached. Rovers events earnings for example are less than £190k so far in total after 4 years, equivalent to less than a grand a week. Very welcome, but not only about 3% of the salary cap, so not a game changer as such. Need to get the right cost benefit ratio that's for sure.