berrigans bitch wrote:We were not in the financial situation then as we are now: council jobs being slashed, libraries closing, basically very skint!! KC shares ring a bell
Good idea, job sorted. Use the KC money and build a proper community stadium in East Hull which after all was what the KC was supposed to be but isn't! Who knows, we may even get amateur finals on it!!
Joined: Jan 15 2007 Posts: 11924 Location: Secret Hill Top Lair. V.2
Oh dear, I feel a rather cyclical conversation coming on.
If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle.
Joined: Jun 01 2007 Posts: 12672 Location: Leicestershire.
pmh wrote:Oh dear, I feel a rather cyclical conversation coming on.
Come on guys and gals - let's prove the goose-man wrong.
'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.
berrigans bitch wrote:We were not in the financial situation then as we are now: council jobs being slashed, libraries closing, basically very skint!! KC shares ring a bell
Thats possibly why Rovers have in essence been granted a 30 year loan rather than a handout like your club got....note the difference
Standing up to the forum bully.
It must be working, he doesn't like me...i'm devastated
Joined: Jul 15 2005 Posts: 29816 Location: West Yorkshire
Bertie wrote:Thats possibly why Rovers have in essence been granted a 30 year loan rather than a handout like your club got....note the difference
I'm not so sure. In FC's case we pay anywhere between £0.5m and £1.0m annually to the SMC, depending on who you believe. I would say that's a commercial rate to pay for the standard of facilities we get and over 50 years we will therefore be paying between £25m and £50m.
Rovers case is different. Hull City Council repurchased the freehold of Craven Park when Rovers went into administration to allow Rovers to continue in business, then put in place a peppercorn lease arrangement of 250 years length. So what you have now, you've basically got for nothing, apart from the improvements made since (assuming they weren't funded by grants etc). The NHS and the RFL are essentially funding the East Stand extension. The arrangements for the North Stand seem to be a grant for £2.3m (to be approved), then £4.2m which comes from central government via the council. From the report in the HDM, payments will be virtually nothing until 2016, then an increased more commercial rate will apply if Rovers' attendances increase. What the contingency arrangements are if the attendances aren't met is not clear, but it may be a possibility that the council has to find the difference to central government?
Joined: Jun 01 2007 Posts: 12672 Location: Leicestershire.
Mrs Barista wrote:I'm not so sure. In FC's case we pay anywhere between £0.5m and £1.0m annually to the SMC, depending on who you believe. I would say that's a commercial rate to pay for the standard of facilities we get and over 50 years we will therefore be paying between £25m and £50m.
Rovers case is different. Hull City Council repurchased the freehold of Craven Park when Rovers went into administration to allow Rovers to continue in business, then put in place a peppercorn lease arrangement of 250 years length. So what you have now, you've basically got for nothing, apart from the improvements made since (assuming they weren't funded by grants etc). The NHS and the RFL are essentially funding the East Stand extension. The arrangements for the North Stand seem to be a grant for £2.3m (to be approved), then £4.2m which comes from central government via the council. From the report in the HDM, payments will be virtually nothing until 2016, then an increased more commercial rate will apply if Rovers' attendances increase. What the contingency arrangements are if the attendances aren't met is not clear, but it may be a possibility that the council has to find the difference to central government?
I'd be delighted if Hull KR were insulated from the risk of disappointing crowds, in the same way Hull FC are rumoured to be. There is a downside to this of course (a 'millstone', the ever erudite Kingston Droolers calls it), but I'd definatedly take it. Not seen any evidence that is case though - which bit of the reports are you referring to? I'll just check if there is a new one...
'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.
Joined: Jul 15 2005 Posts: 29816 Location: West Yorkshire
Mild Rover wrote:I'd be delighted if Hull KR were insulated from the risk of disappointing crowds, in the same way Hull FC are rumoured to be. There is a downside to this of course (a 'millstone', the ever erudite Kingston Droolers calls it), but I'd definatedly take it. Not seen any evidence that is case though - which bit of the reports are you referring to? I'll just check if there is a new one...
How odd, you were discussing this with Paul M earlier, as he mentioned from the HDM report: "Also who is paying the interest in the first four years, as Rovers are on a basic rent during this time." This part of the report, which said Rovers rent would be nominal for 4 years then would increase "as and when attendances increase" seems to have been pulled. Very strange.
Mrs Barista wrote:I'm not so sure. In FC's case we pay anywhere between £0.5m and £1.0m annually to the SMC, depending on who you believe. I would say that's a commercial rate to pay for the standard of facilities we get and over 50 years we will therefore be paying between £25m and £50m.
Rovers case is different. Hull City Council repurchased the freehold of Craven Park when Rovers went into administration to allow Rovers to continue in business, then put in place a peppercorn lease arrangement of 250 years length. So what you have now, you've basically got for nothing, apart from the improvements made since (assuming they weren't funded by grants etc). The NHS and the RFL are essentially funding the East Stand extension. The arrangements for the North Stand seem to be a grant for £2.3m (to be approved), then £4.2m which comes from central government via the council. From the report in the HDM, payments will be virtually nothing until 2016, then an increased more commercial rate will apply if Rovers' attendances increase. What the contingency arrangements are if the attendances aren't met is not clear, but it may be a possibility that the council has to find the difference to central government?
Full of if's, buts, assumptions, HDM report and possibilities.
One could say, as usual, that your post is based on guesswork, made up assumptions and general heresay but that would be cruel
Standing up to the forum bully.
It must be working, he doesn't like me...i'm devastated
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