Quote ="Mild mannered Janitor"The key fact is that contracts cannot simply be changed unless there is mutual agreement.
There is also some creative reporting via the HDM. Terms like "The SMC have had to take in the chin" and "The SMC are subsidising" when in fact these are contractual obligations is what is blowing the facts out of context.
I can understand you backing your Chairman, but you must also see the inequity of this situation and that playing it out in the local press, knowing that the counter party is bound by confidentiality is a very lop sided viewpoint.
Its also a surprise that despite the last contractual review (in 2006) the SMC continued to break even / make a modest profit until 2010. Is it just coinsidence that it has been making significant losses under the Allam reign? It doesnt take much to transfer certain items intra group from an accounting point of view.
Anyway, if they truely do want an open book situation, as has been mentioned, that would tell up whop pays for the non sporting images at the KC.
I have also noticed on this thread that Stewarding is provided free of charge? Now I have not seen the lease agreement, original or revised (I doubt many people have), but at no point has this ever come out into a public forum that the rental agreement for a sporting facility did not include stewarding. At what point does that start getting charge? Because it would take a formal agreement between both parties to change that, unless of course there is a date in the current agreement which states so.
As a City fan, are YOU happy with the running of your clubs business? Aside of what happens on the pitch, are you not the slightest bit concerned by the behaviour, attitude, and public comments of your owner? That Hull City's debt position has increased in their reign regardless of the fact that when they took over they very publicly stated that they spent in excess of £40m on Hull City.
Are you not at all concered that your owner publicly stated that he would move Hull City to Melton if he didn't get legal title to the KC. He didnt get it yet there are no plans afoot for relocating yet? Why has he not gone ahead with this?
Becareful who you back and what you wish for
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A reasonable question, that warrants a reasonable response.
I think Assem is slightly bonkers, he saved my club, so I'm obviously grateful, but he does some very odd things and is not entirely reasonable all the time. As I've already mentioned on this thread, I was very critical of his treatment of Barmby, I happen to know what actually went on and the way it was presented in the media was not accurate.
I have no idea what the lease terms are, so I have no idea what can and can't be done under the terms of that lease. I've seen the SMC accounts and though they aren't detailed accounts, they do show that the SMC is not covering it's costs and that's a situation that needs to be sorted.
As things currently stand, Ehab Allam has gone on record to clarify several numbers involved and stated the case for the SMC, until someone contests those numbers and claims that things are not as stated, then I've no reason to think they're wrong.
Adam needs to state his case, he should have done so already.
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