Mild mannered Janitor wrote:When did rovers announce the purchase of a ground? Because they sure as hell don't own the ground formerly known as craven park
Hull KR purchased a 99 year leasehold on the ground CURRENTLY known as KCOM Craven Park. This was one of the first things Neil Hudgell did on becoming chairman and what an astute move it was.
This gives Hull KR exclusive use of the stadium for many decades to come. Anyone else wants to use they must ask Hull KR and pay Hull KR for example Little Mix & Paul Heaton concerts, boxing events, drive in cinema. Catering, events etc all income from any activity at KCOM Craven Park all income to Hull KR and this is now a considerable sum.
Naming rights for the stadium? Income to Hull KR. Naming rights for various parts of the ground e.g. East Stand? Income to Hull KR.
The North Stand and floodlights are a slight exception having been opened since the lease was purchased. These were financed by several parties and with EU grant and Rovers actually pay a yearly amount for exclusive use of the sections used by the club. Parts of the North Stand, offices etc belong to others. The floodlights are not part of the lease owned by Hull KR so don't actually belong to the club unlike most of the ground.
Hull City Council are the freeholders but basically they have sold the stadium to Hull KR for 99 years. No doubt when the time comes they will rubber stamp a renewal but in the unlikely event they don't you will not be alive to witness.
