If you look at leasehold deals for any other business they would expect as a minimum the entire sum back in 20-25 years. That's not the case here. I agree FC have maybe had some favour previously too. Going back to my original point though about rovers rent been pitiful, i think we can now agree that's the case.



I think you can also see why the people at HCC were miffed with Hudge's comments about handouts etc.

You could also argue here that 650k is way over what the asking price for the dump known as craven park should have been too.

I'm not sure Hudgy's comments were about handouts in any case, they were about investment, two wholly different issues. Rovers are suffering from a lack of facilities and a little further investment of public money into a area deprived of investment, using CP as a focal point could be a wise move long term for both parties. So i suggest the 'people ot HCC' who were miffed take their FC blinkers off and look at the bigger picture.

As for returns on leases I doubt the council will have the whole of their £53m+ investment back on the KC in 20 years do you??



Also HCC didn't pay £650k did they, they paid £450k and will probably recoup a hell of a lot more if they had a little foresight.

Not sure to be honest, Hull City and Hull FC pay a hell of a lot more rent for KC than Rovers do for craven park, i'd hazard a guess that with 2 clubs there the 53mill wont be far off been paid off in 20-25 years.

Yes HCC paid 450k, but with the other company putting in 200k there is still 650k of repayments to make.

I'd be wary if i was any investor of putting cash into a club losing money hand over fist that cant sustain itself. I wonder how HCC could justify it to locals when there isn't a decent return. Rovers can feel lucky to not be paying nearer to 70-80k per year rent imo, but then that wouldnt help the debt and sustainablilty of the business would it.

I very much doubt the SMC will net £2m+ profit per year



With £600k in rental payment made within the first 20 years of a 250 yer lease.



HCC wouldn't be putting any cash into Rovers they would be investing in facilities that they part own on land that they own outright which would enable Rovers as the only pro sporting club in that area to expand its business thus further develop interest in community facilities for the residents of east hull. (fook me i sound like a politician

)

I personally don't see why anyone would be against that as a point of principle. After all isn't that what has happened to City and FC??? and before anyone asks i'm not suggesting a second £53m super stadium either!!!!!

would be nice though!



HCC should be helping out all the sports clubs in the city, They are an integral part of the fabric of Hull and form a major part of peoples lives in the city. On top of that they have the potential to positively affect a whole range of issues the council should be investing in so what's the problem? As long as there is equuity and a good return for the people of Hull as a whole then that is what the Council should be there for.

Hull city council should focus on effective delivery of core services before they start spending money on a sports facility that is already not used to capacity (and that includes spending on the KC)

Agree 100%.

and just in case it's not been mentioned anywhere else, todays HDM www.sporthull.co.uk/headlines/Hu ... ticle.html

and just in case it's not been mentioned anywhere else, todays HDM www.sporthull.co.uk/headlines/Hu ... ticle.html

I agree 100% and [icapital[/i spending can help achieve this if spent on revenue raising projects.

They'd get a better return putting the cash in an icelandic bank than they would investing in craven park.

Think you got that joke out of a Xmas cracker

I just made it up, was very proud of myself.

Frank Carson must be sh itting himself

I got it from Bob Monkhouse's joke book when he lost it.

Quote ="Big Dave T"and just in case it's not been mentioned anywhere else, todays HDM www.sporthull.co.uk/headlines/Hu ... ticle.html'" Christ we really are in the s**t. Can't believe this, had read it previously on here but thought it was just made-up because of who posted it.

Quote ="Big Dave T"and just in case it's not been mentioned anywhere else, todays HDM www.sporthull.co.uk/headlines/Hu ... ticle.html'" Christ we really are in the s**t. Can't believe this, had read it previously on here but thought it was just made-up because of who posted it.

Good accountant that Mrs B

You should know better.

Our resident Coffee making number cruncher don't tell lies

I can feel the love in the room.

The thing that makes this worse is that its a year old too. With the losses of 450k in the last 12 months the debt is 3.6mill, add to that rovers future contribution to the build of the stand the debt could reach 4mill. Becoming a sustainable business with 10k gate is one thing, paying off the debt is another task altogether. The biggest worry if i were a rovers fan is the 2.2mill owed to creditors in the next 12 months.

Don't read too much into it. Its Christmas

Eh? Who said anything about her?





Seriously this is not good, how the hell could it build up like that?!



No wonder we've signed no big names.

Looks like the good days are over already.

Wouldnt say that, with the right management and correct strategical approach it's going to be a tough fight but is definately savable. Problem at the minute has been overstretching too soon due to a variety of drivers when really the more prudent approach may have been to become more sustainable before spending what youve not got.

I've said from day 1 that Hudge has tried to keep up with FC too much, i dont want an arguement about that as most rovers fans dont agree but i think it's definately contributed. An issue maybe with having a fan in charge rather than a proven CEO?

To be fair mate you're one of the balanced Hull fans on here and talk sense, and I don't disagree with any of that. Would have been happier finishing 2nd bottom the last two years if it had meant a lot less then that debt.

Looks like my Club Rovers II idea wasn't so stupid after all eh bud.

lol.