UllFC wrote:
Armavinit wrote:
Could the Allams flog City but retain the SMC?
Technically yes, but in practice cant see why they would. They'd be left with a company that doesn't make money that is tied in to maintain an aging stadium with a backlog of repairs.
They could hike FC and City's lease terms to pay themselves back, but collectively FC and City could build a new stadium, and the Council would be slated if they allowed both the Football team and leading RL team to struggle or even face expulsion from their leagues.
As you say UllFC it is possible though if the Allams retained ownership and control of the SMC then they would have to completely change how the SMC operates and run the Stadium to turn a profit whilst carrying all responsibility for upkeep and any losses purely by management of the stadium and promoting it as a venue etc. the danger of that is they then hold Hull FC, Hull City and Hull City Council to ransom.
The fact the have run up debt against the SMC is probably an issue for any possible investor in Hull City if the SMC ownership is tied in to the deal for the football club as who would want to pay a lot of money for a loss making management company? With the debt the SMC is not a very good looking investment either as part of the Football club or as a separate entity.
So be interesting to if this particular interest turns out any different to the other so called interested parties.