Joined: Apr 17 2012 Posts: 5202 Location: Forever in debt to your priceless advice.
Mrs Barista wrote:Superstadium Holdings Limited owns the SMC
WhWhat do you gain from buying the company that owns the smc , don't the profits go to the council anyway ?
Well you may throw your rock and hide your hand Workin' in the dark against your fellow man But as sure as God made black and white What's down in the dark will be brought to the light
Irregular Hoops wrote:Having AP involved in any prospective takeover can only be positive.
I think its good news for everyone, obviously good news for us, he knows Football and can deliver for City and has proven he can run the SMC at least at Breakeven levels for the Council.
Joined: Jul 15 2005 Posts: 29811 Location: West Yorkshire
UllFC wrote:I think its good news for everyone, obviously good news for us, he knows Football and can deliver for City and has proven he can run the SMC at least at Breakeven levels for the Council.
Joined: Jul 15 2005 Posts: 29811 Location: West Yorkshire
Legends and Icons wrote:WhWhat do you gain from buying the company that owns the smc , don't the profits go to the council anyway ?
You get to control the stadium usage, charging structure etc. There was an arrangement in place to return a share of any profits to the council, bit these were modest to say the least until the Allams took over then suddenly SMC became loss-making.
I presume that allam will gift any profit he makes from his sale of city to the people of Hull so he can realise the "gift" he sought so hard for since he took them over
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