Gordon Gekko wrote:I think the above is correct and iirc Rovers don't pay their rent directly to HCC in any case. It all makes BDT's assertion about the council being miffed at Hudgys comments complete bollox as they clearly are not is possession of all the facts
I dont know what the split is between HCC and another owner. (do know that HCC control it though so must have some kind of larger share) I also do know that the rent is way below what it would be if it were a privately owned ground being rented to Rovers. This effectively is a hand out, hense the reason the council were miffed about hudge's comments. I may not have been in possession of the facts regarding sole ownership of the stadium (and i await the facts if anyone has them) but i can guarantee you i'm 100% correct about the other points. Believe or not, i dont really care.
Joined: Sep 01 2006 Posts: 5139 Location: Wall Street
Big Dave T wrote:I dont know what the split is between HCC and another owner. (do know that HCC control it though so must have some kind of larger share) I also do know that the rent is way below what it would be if it were a privately owned ground being rented to Rovers. This effectively is a hand out, hense the reason the council were miffed about hudge's comments. I may not have been in possession of the facts regarding sole ownership of the stadium (and i await the facts if anyone has them) but i can guarantee you i'm 100% correct about the other points. Believe or not, i dont really care.
But care enough to try and make a point, however incorrect it may be
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.
Joined: Sep 01 2006 Posts: 5139 Location: Wall Street
Big Dave T wrote:I dont have any councillor mates thanks, i like to have trustworthy mates.
I'm still waiting for you to provide me evidence of said multi-ownership as well as proof of any counter arguement about the rent etc?
The only article in the press i can find is one from 2000 when Rovers sold the ground to HCC and a consortium. Doesnt name the consortium.
It was you making unfounded assertions that Rovers paid a pitiful rent to HCC. Where's your proof?? The consortium you refer to at the time was called Gaingroup and that is who Rovers pay their rent to iirc.
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.
Gordon Gekko wrote:It was you making unfounded assertions that Rovers paid a pitiful rent to HCC. Where's your proof?? The consortium you refer to at the time was called Gaingroup and that is who Rovers pay their rent to iirc.
and are they still involved or is the stadium now 100% owned by the council? How would i have proof of something that ive never seen written down? I've had it on very good authority that it's the case. Can't say much more than that can i. Was just wondering where your proof was that it's not the case?
Forget Rovers pitiful rent anyway, i'm more interested to hear more about the ownership of Craven Park as it may be something i wasn't aware of.
Hull KR's financial troubles started to make themselves felt back in 1997 and for almost three years accountants Price Waterhouse Coopers administered the running of the club. Towards the end of that period a consortium offered £500,000 for the club, and even that was shrouded in controversy as David Lloyd, the Hull Sharks owner, claimed his higher bid had been rejected.
Be that as it may, events reached a stage where the City Council and the Gaingroup (now called Kingston Community Development Ltd), the private consortium mentioned, agreed to purchase Craven Park from the adminstrators for £650,000.
The council paid £450,000 towards the cost of the ground and Gaingroup a further £200,000. The council leased their share of the ground to Gaingroup on a `250-year` lease.
It was then leased back to Hull KR for £30,000 a year plus vat on a `20-year` plan.
Former Hull City boss Don Robinson took over as chairman and a new board of directors was appointed. It was also agreed the consortium would provide a £100,000 cash injection for stadium and ground improvements.
That deal ended 12 months of uncertainty and speculation for the historic club.
Once agreement was reached it was stated the club would remain under close financial scrutiny for the next five years and press on with a Creditors Voluntary Agreement (CVA) to pay off £1.1m debts.
Since the initial agreement Don Robinson has left the board of Rovers when he was succeeded by Wayne Smith who has in turn been replaced by Colin McNicol. If the RFL look at what clubs in the division owe or have borrowed I don't think they will let anybody go beyond 150k
Hull KR's financial troubles started to make themselves felt back in 1997 and for almost three years accountants Price Waterhouse Coopers administered the running of the club. Towards the end of that period a consortium offered £500,000 for the club, and even that was shrouded in controversy as David Lloyd, the Hull Sharks owner, claimed his higher bid had been rejected.
Be that as it may, events reached a stage where the City Council and the Gaingroup (now called Kingston Community Development Ltd), the private consortium mentioned, agreed to purchase Craven Park from the adminstrators for £650,000.
The council paid £450,000 towards the cost of the ground and Gaingroup a further £200,000. The council leased their share of the ground to Gaingroup on a `250-year` lease.
It was then leased back to Hull KR for £30,000 a year plus vat on a `20-year` plan.
Former Hull City boss Don Robinson took over as chairman and a new board of directors was appointed. It was also agreed the consortium would provide a £100,000 cash injection for stadium and ground improvements.
That deal ended 12 months of uncertainty and speculation for the historic club.
Once agreement was reached it was stated the club would remain under close financial scrutiny for the next five years and press on with a Creditors Voluntary Agreement (CVA) to pay off £1.1m debts.
Since the initial agreement Don Robinson has left the board of Rovers when he was succeeded by Wayne Smith who has in turn been replaced by Colin McNicol. If the RFL look at what clubs in the division owe or have borrowed I don't think they will let anybody go beyond 150k
Joined: Sep 01 2006 Posts: 5139 Location: Wall Street
Big Dave T wrote:and are they still involved or is the stadium now 100% owned by the council? How would i have proof of something that ive never seen written down? I've had it on very good authority that it's the case. Can't say much more than that can i. Was just wondering where your proof was that it's not the case?
Forget Rovers pitiful rent anyway, i'm more interested to hear more about the ownership of Craven Park as it may be something i wasn't aware of.
Not that old chestnut
Motto of the week -
It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.
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