His Bobness wrote: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.

ComeOnYouUll wrote:Not sure why we'd need to train on the KCOM pitch when we have probably the best training facilities in Super League.

ccs wrote:http://www.hullfc.com/club/club-info/facilities

ComeOnYouUll wrote:Sorry but I can't let that pass.
Who in Super League has better?

Mild mannered Janitor wrote:Key word highlighted - thanks for clarifying that they do not own the land or stadium.

Were you aware that for any non-sporting event there is an additional rent charge to the actual owner, so where are I am sure that rovers made money out of the concerts held there, there was also a kickback to the owner.

His Bobness wrote:I really do think you are splitting hairs.

Rovers have a fantastic deal giving exclusive rights to the stadium for 99 years. Rovers get all the money from any event at KCOM Craven Park, well to be exact whatever is negotiated with the party staging the event. HCC do not have any involvement or income from KCOM Craven Park whatsoever. It was the least they could do after spending £43m on the KC stadium.

However you dress it up Rovers are the owners of KCOM Craven Park for 99 years.

Hey you play at a fantastic stadium and you seem happy with your tenancy deal. Fair enough.

phil webbo wrote:Just to clarify Hull KR pay rent for use of the North stand and all the bar, restaurant and concourse facilities we have a meeting with Mike Smith every three months, so to say no involvement or income is wrong.

Zook Ema's Hose wrote:Seen that the issue happened November and no date yet on when it will be resolved - who is liable Phil? If I understood it the council were the project managers. So is recourse to the council or Hobson and Porter, or KCD mentioned? Or are Rovers responsible for maintenance as part of KCD lease? No doubt there will be major financial compensation due from one of the parties.