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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 12:31 pm 
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Mild mannered Janitor wrote:It would be very interesting to see the break down of the costs and also the basis of allocation of those costs. On the basis we get use of the stadium for first team games ONLY (13 SL games, a friendly against rovers after perhaps a cup game) let's say 15 a season. City get use of the stadium for first team games, some U21 games, training etc, the costings look "manipulated" to say the least. 40% of total cost for 20% (estimated) usage does not add up.

The recent increases in food and drink prices is also either poor management (if they make a loss on food and drink then they really are business inept) or an attempt to reduce income from RL games further as less people will pay the now extremely over priced things they sell.

Either way, as a tenant of a facility owned by the public sector I would hope the management of Hull FC are in communications with the owners about this situation and why it appears the figure look stacked against Hull FC.


Have a look at the notes to the accounts for 2010 which Allam signed off. FC made a positive contribution to the SMC before indirect cost allocation.

As stated elsewhere, we put £600k into the SMC each year. A loss of £1.1m implies it costs £1.7m for us to play at the KC 13 times. £131k per game. Does anyone know what the costs are for Wigan and Huddersfield?

Did the SMC make a profit on the squash and polo?

The HDM and RH won't pose any challenging questions, that's the only certainty.

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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 1:37 pm 
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Mrs Barista wrote:Have a look at the notes to the accounts for 2010 which Allam signed off. FC made a positive contribution to the SMC before indirect cost allocation.

As stated elsewhere, we put £600k into the SMC each year. A loss of £1.1m implies it costs £1.7m for us to play at the KC 13 times. £131k per game. Does anyone know what the costs are for Wigan and Huddersfield?

Did the SMC make a profit on the squash and polo?

The HDM and RH won't pose any challenging questions, that's the only certainty.

Maybe its time the citizens of Hull started asking the stadium owners then.

And presumably this has some effect on Mr A too?
Mrs Barista wrote:Have a look at the notes to the accounts for 2010 which Allam signed off. FC made a positive contribution to the SMC before indirect cost allocation.

As stated elsewhere, we put £600k into the SMC each year. A loss of £1.1m implies it costs £1.7m for us to play at the KC 13 times. £131k per game. Does anyone know what the costs are for Wigan and Huddersfield?

Did the SMC make a profit on the squash and polo?

The HDM and RH won't pose any challenging questions, that's the only certainty.

Maybe its time the citizens of Hull started asking the stadium owners then.

And presumably this has some effect on Mr A too?






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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 5:13 pm 
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Is Hodgson the new Griffin, or is it all about pace?


Last edited by ccs on Thu Feb 19, 2015 5:43 pm, edited 1 time in total.
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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 5:40 pm 
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ccs wrote:Just downloaded copies of accounts for SMC, City and Hull - they cost 96p each.

To 30 June 2014, it seems SMC income from City was £4.3m, compared to our £531k

Costs for City were £1.8m compared to our £1.2m.



Need to clarify a bit.

Costs are actually called Direct Costs.

There are also "Administrative Expenses", City: £950k, Hull FC: £480k

This makes City about £1.6m profit for the SMC, Hull FC nearly £1.2m loss.


Odd that the final section, with all the meaty numbers, is headed "for the information of the directors only". :D

edit: same heading near the end of the City accounts.






Is Hodgson the new Griffin, or is it all about pace?

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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 8:32 pm 
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ccs wrote:Need to clarify a bit.

Costs are actually called Direct Costs.

There are also "Administrative Expenses", City: £950k, Hull FC: £480k

This makes City about £1.6m profit for the SMC, Hull FC nearly £1.2m loss.


Odd that the final section, with all the meaty numbers, is headed "for the information of the directors only". :D

edit: same heading near the end of the City accounts.


There is no way on earth it costs 1.2m as a direct consequence of hosting 13-14 RL games.

Well beyond a time for some I dependant review






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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 8:44 pm 
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Mild mannered Janitor wrote:There is no way on earth it costs 1.2m as a direct consequence of hosting 13-14 RL games.

Well beyond a time for some I dependant review
It's worse than that - £1.7m, with Hull contributing just over £500k, bringing the net cost down to £1.2m






Is Hodgson the new Griffin, or is it all about pace?

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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 8:48 pm 
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What's the odds that we're being charged something stupid for the pitch markings to be changed from football to rugby, for the football posts to be taken down and then the whole shebang reversed when we're done.

And city pay nowt towards it.

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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 9:05 pm 
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I'm the first one to admit that annual accounts are not my strong point, so this is just what I can see.

SMC say City's costs add up to £2.75m

City's accounts entry for "Stadium Expenses" is £2.18m

Same auditors, which I suppose you'd expect.






Is Hodgson the new Griffin, or is it all about pace?

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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 9:51 pm 
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ccs wrote:What I can't understand is what has changed in the last few years to make the accounts looks so bad (apart from the obvious!).

For example, city's average attendance in the first 6 years was about 16k, ours was under 12k, but the SMC managed a profit.
Now Hull FC is losing them £1.1m with attendances down about 2k.
Just repeating this post for the sake of the City Not606 forum, as some seem to find it difficult understanding the difference between the words first and last.

http://www.not606.com/threads/hull-city ... st-7630103
ccs wrote:What I can't understand is what has changed in the last few years to make the accounts looks so bad (apart from the obvious!).

For example, city's average attendance in the first 6 years was about 16k, ours was under 12k, but the SMC managed a profit.
Now Hull FC is losing them £1.1m with attendances down about 2k.
Just repeating this post for the sake of the City Not606 forum, as some seem to find it difficult understanding the difference between the words first and last.

http://www.not606.com/threads/hull-city ... st-7630103






Is Hodgson the new Griffin, or is it all about pace?

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 Post subject: Re: City, should we be concerned?
PostPosted: Thu Feb 19, 2015 10:26 pm 
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ccs wrote:Just repeating this post for the sake of the City Not606 forum, as some seem to find it difficult understanding the difference between the words first and last.

http://www.not606.com/threads/hull-city ... st-7630103

They love us over there, don't they? :lol:
ccs wrote:Just repeating this post for the sake of the City Not606 forum, as some seem to find it difficult understanding the difference between the words first and last.

http://www.not606.com/threads/hull-city ... st-7630103

They love us over there, don't they? :lol:

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