Re: AP : Sun May 16, 2021 7:37 am  

Rocknrolla69er wrote:

From a financial point of view you've got to wonder how much we pay out in the

Rent for the training ground
the SMC tenancy agreement I'm not sure of all the agreements but I guess there's a few financial hits
One being a percentage of ticket sales over 8500 , is it ? goes to the SMC
Somebody mentioned having to pay for Sneyd to practice kicks etc
Paying 53K out to play the Catalans game
Food and beverage sales how much do we keep if any at all

All which could be kept if we had our own stadium and training ground, and reinvested into the club

Which would cost, what, £30m?

Re: AP : Sun May 16, 2021 8:13 am  

https://www.google.co.uk/amp/s/www.hull ... 417347.amp

https://www.google.co.uk/amp/s/www.hull ... 417347.amp

Re: AP : Sun May 16, 2021 8:52 am  

Rocknrolla69er wrote:

From a financial point of view you've got to wonder how much we pay out in the

Rent for the training ground
the SMC tenancy agreement I'm not sure of all the agreements but I guess there's a few financial hits
One being a percentage of ticket sales over 8500 , is it ? goes to the SMC
Somebody mentioned having to pay for Sneyd to practice kicks etc
Paying 53K out to play the Catalans game
Food and beverage sales how much do we keep if any at all

All which could be kept if we had our own stadium and training ground, and reinvested into the club

We would then have a hefty mortgage and ongoing maintenance.

Like the fact Adam’s bringing this out in the open, however I doubt the Allam’s will be bothered.
A more feasible option would be for Adam to lead a consortium to buy City and the SMC. Covid timing is unfortunate. This time last year would have been a better time to buy them, however with City’s promotion, the price will have just gone up.

[Chris71]

Re: AP : Sun May 16, 2021 10:15 am  

Rugby Raider wrote:

We would then have a hefty mortgage and ongoing maintenance.

Like the fact Adam’s bringing this out in the open, however I doubt the Allam’s will be bothered.
A more feasible option would be for Adam to lead a consortium to buy City and the SMC. Covid timing is unfortunate. This time last year would have been a better time to buy them, however with City’s promotion, the price will have just gone up.

Problem is I doubt the Allams have any real intention to sell the club and probably was all just a bluff. Had they had true intentions they would have sold it by now. Until the cash cow that is City, FC & the SMC runs dry I can’t see them leaving any time soon unless someone offers them way over the odds.

The issue is they control the SMC and as such use that to their full advantage which is very much open to abuse as has been shown with the acts of spite in the past

1. When they removed the Hull City Council logo outside the stadium
2. Stopped the use of community groups using the Arena
3. Removed most if not all Hull FC history/pictures etc from the walls of the stadium
4. Installed a security gate blocking a public access right of way (as terrorists wouldn’t go through West Park or down the access path from Anlaby Rd flyover to get to the stadium)

Just to name a few examples.

There is a very big conflict of interest which has a severe negative affect on both Hull FC and the council that own it along with the local community that the Stadium is supposed to serve.

The SMC (no matter who owns what) are a custodian of the Stadium and should be doing what is best for the Stadium, it’s tenants and the community which we all know it is doing none of that.

Re: AP : Sun May 16, 2021 11:23 am  

Its obvious the SMT should be independently run, but the council are gutless to take on the Allams.

Re: AP : Sun May 16, 2021 11:36 am  

Dave K. wrote:

Its obvious the SMC should be independently run, but the council are gutless to take on the Allams.

What do you think the council could do?

Re: AP : Sun May 16, 2021 11:46 am  

ccs wrote:

What do you think the council could do?

Take control of the SMC maybe, have someone sit on the committee, get more involved when they make decisions that show an obvious basis.

They own the stadium, they must be able to do something.

Re: AP : Sun May 16, 2021 11:51 am  

ccs wrote:

What do you think the council could do?

There must be some kind of legal recourse where the Council could give notice on the agreement with the SMC? Depends on the stomach for the fight?

Also depends on the clauses in the lease. Wasn’t it written by someone in the Council, who then went to work for the SMC though?
If so , wouldn’t hold out much hope.

Something needs to happen one way or the other though, as it’s presently untenable.

Re: AP : Sun May 16, 2021 12:18 pm  

Irregular Hoops wrote:

There must be some kind of legal recourse where the Council could give notice on the agreement with the SMC? Depends on the stomach for the fight?

Also depends on the clauses in the lease. Wasn’t it written by someone in the Council, who then went to work for the SMC though?
If so , wouldn’t hold out much hope.

Something needs to happen one way or the other though, as it’s presently untenable.

I feel the problem with the original deals was everyone got on too well, Pearson was and is an honest guy who genuinely wanted to improve Sport in Hull...but it seems nobody thought about what would happen when he moved on and sold the SMC.

There was also 'nice on paper' clauses like the Council getting a share of any profits made...this was never going to happen in reality. Commercial businesses find ways of creative accounting. Pearson and then Duffen ran the SMC just to break even, the Allams have used it as a debt dumping ground. This has sadly meant a lack of events at the Stadium, why spend hundreds of thousands to put a big name concert on, take a risk of seats not selling (and several didn't sell out, or had tickets sold cheaply late in the day) only to give a share of the profit to the council? Its meant the stadium stays empty most of the year.

Re: AP : Sun May 16, 2021 12:18 pm  

Irregular Hoops wrote:

Also depends on the clauses in the lease. Wasn’t it written by someone in the Council, who then went to work for the SMC though? If so , wouldn’t hold out much hope.

You might argue, in this day and age, that the above is actually a very strong reason for questioning the credibility of the lease.

(Let's forget that AP was heavily involved in the early days, although the SMC did make a profit.)