IIRC it was Richo who struck the deal with Hull CC and at the time Pearson was near apoplectic when he finally saw it and made an attempt to renegotiate on Hull City's behalf



I wouldn't take anything he ever said as gospel and looking at his quoted figure, I doubt it covers more than ground rent, with all the other ancillaries (ticket office, office space, groundsman etc) being an aded extra and appearing somewhere else in Wigan's accounts

If you'd actually bothered to read my post you'll have seen I was responding to a quote specifically about ground rent.

HTH.

I'd give up if I were you. Start with learning the difference between a gift and a loan.

We were given a gift and all of you lot fantasise that it's a loan

Right. It's important for the SMC to have a successful tenant in Hull FC. With the correct new terms it's quite possible for FC to continue to contribute these levels - and more - to the SMC and also see our own income improve with much higher crowds.

Forcing FC's crowds to be low does not benefit the SMC in the long term either, as their tenant's financial strength will continue to weaken. Both Hull and the SCM can gain from the increased revenues that higher FC attendances will generate, with the appropriate renegotiation to the agreement.

Indeed Adam was none to pleased with the deal Richo got for FC seems strange that he does not like it now.

The thing is the user agreement protects the club in hard times and we have had fairly good times since we moved to the KC. I would not like to predict that the times of high crowds will continue forever. Whilst I welcome the move to look at the user agreement I would not like to come back on here in 2020 to find we where in deep do do because the crowd has dropped to 4k and we where paying the same as we did in 2013 when crowds hit an average of 15k.

Keep quoting it and after 100 times it may come true



Beware of Greeks ( or Egyptians) bearing gifts

Allam stated with his own lovely lips on Humberside that it was a loan, and it was also confirmed in Hudgell's Q&A session at the time in the Hull Daily Mail.



Don't think he wants any interest on any repayments, though, he's obviously happy just to keep the debt simmering in your court. For now.

How is SMC only running at break even when the council received £48k over the first 8 years. What IS required is that the salaries/outgoings/expenses of those who own/run the SMC be looked at and how the income taken in is spent. After all they are the caretakers of the ground on behalf of the council & thus the people of Hull.
There has obviously being poor management/ownership of SMC which has under utilised the stadium as a whole (shown with the lack of non sporting events taking place) but given there seems be little incentive to make a 'profit' to pay back to the council it wouldn't surprise me if the salaries/monies taken by the SMC ensure that the council do get very little back by paying themselves over inflated salaries within the upper echolons of the hierachy.
I don't know what the full turnover of SMC is (but must more than a couple of million pounds annually) but for it to make so little 'profit' to return back to the council over so many years is disturbing and somewhat dubious to say the least.

Download the accounts from Companies House for quid- there's a full P&L in there detailing how much income is generated from different areas suchs as FC, sponsorhip, Gemtec arena etc and a list of costs, albeit some quite generic headings. Basically the company turns over £5m with the same costs. Clearly with the owners of the SMC being the same as the owners of City (Bartlett at the time of the last accounts), you might interpret the fact that the company is so close to breakeven every year off £5m turnover as a bit "creative". E.g. "Management Charge £0.2m", "General £0.4m".

So does it state what the salaries of the SMC owners/higher paid execs are or does it give just a general figure for 'wages'?

It sounds good in theory, but it is hard to see a model that makes very much difference.

Increased attendance is good for Hull FC and the SMC [inow[/i.

The extent to which FC's crowds are artificially depressed by the SMC deal, is difficult to judge. I'd be genuinely curious to know the model that Pearson would prefer.

What would you ask for?

The real problem than any renogotiation will have is that Fc are in a position of weakness ie. what are you going to do about it if the SMC don't play ball. There is no where else to play in the city so the option to up sticks and walk is a non starter.

As MR and WiH state the only option is for a rehashing of the splits which would realistically only pay FC if they drastically increase the crowds, which in turn will add risk to the club if they lose fans for any reason, worsening financial climate, downturn in the clubs results or a general downturn in the interest in RL.

Its interesting that Pearson has announced the clubs first losses prior to openning up these talks, maybe thats his gambit?

This pretty much sums up the situation for me. However the last thing I want is there for to be some sort of concession with a share issue or somesuch toward Allam in return for a drop in the amount/re-scheduling of the contract terms.
IF AP has faith in the fans to turn up in numbers with (hopefully) improved performances, won't that offset the £300K loss when you take into account several one off payments from last year also? Showing a loss of £300K for the previous season with the possibility of another loss the year after doesn't automatically mean AP isn't getting any money back from the business in any case. Obviously he wants to get the best deal for his money (if it is indeed it is just his money)

how is he getting money out of FC if it's not making a profit?

So you never heard of business owners taking a salary then, you don't have to be a net profit business to do that.

The other main tenant lost £20m last year didn't they? Not sure our -£0.3m will be a compelling case for easing the contract.

You would think Allam owned the stadium,the way rovers fans are talking ,not the council!!! The SMC,is not owned by the allam's,neither.I would think the council would have more say than allam,regarding rent issues at the kc.

Quote ="jimmyfivebellies"You would think Allam owned the stadium,the way rovers fans are talking ,not the council!!! The SMC,is not owned by the allam's,neither.I would think the council would have more say than allam,regarding rent issues at the kc.'" Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium. Here are the terms of the original deal: www.hullcityafc.net/page/NewsDet ... 12,00.html

Quote ="jimmyfivebellies"You would think Allam owned the stadium,the way rovers fans are talking ,not the council!!! The SMC,is not owned by the allam's,neither.I would think the council would have more say than allam,regarding rent issues at the kc.'" Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium. Here are the terms of the original deal: www.hullcityafc.net/page/NewsDet ... 12,00.html

Yes, I have heard of business owners taking a salary IF THEY ARE EMPLOYED BY THE BUSINESS, and AP isn't employed by Hull FC, as far as I know.

Quote ="Stanley Unwin"Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium. Here are the terms of the original deal: www.hullcityafc.net/page/NewsDet ... 12,00.html'" Well if AP heads it up we wont have a problem at all with a new deal

Quote ="Stanley Unwin"Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium. Here are the terms of the original deal: www.hullcityafc.net/page/NewsDet ... 12,00.html'" Well if AP heads it up we wont have a problem at all with a new deal

Quote ="Stanley Unwin"Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium. Here are the terms of the original deal: www.hullcityafc.net/page/NewsDet ... 12,00.html'" Well if AP heads it up we wont have a problem at all with a new deal

Quote ="Stanley Unwin"Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium. Here are the terms of the original deal: www.hullcityafc.net/page/NewsDet ... 12,00.html'" Well if AP heads it up we wont have a problem at all with a new deal

Pearson doesn't head it, Mark Mcguire did till he left last month
would imagine Ehab Allam is running at the minute

Yeah - he resigned a while back. New directors are Messrs Allam, Allam and Mcguire (just realised he's gone too)

That's a very easy situation to remedy if he wishes, though.

"Adam, can I have a job with a healthy salary please?"

"Why, yes Adam, of course you can. Start Monday."

"Thanks Adam."



I don't think that will be his approach though, I don't think he's out to milk the club in that way.