I'm wondering how long it will take Hull fans to realise this £4m is a loan and HAS to be paid back over 30yrs by all parties that use the new stand. The following £2m is going to be coming from private funding of which I believe has already been saught and all it will take is a few signatures before all funds are available to use.

So as much as the west want to believe it is a hand out it really is not and the money we pay back every year will go back into the fund to help other local innitiatives. The ground will also benefit the community and East Hull villages, create employment opportunities not just at the ground but also in the businesses it helps to start up.

I just hope we use local builders and suppliers.

Playing devils advocate, what would happen if Rovers defaulted on the loan? Hull City Council have borrowed the money for you from Central Government so if Rovers defaulted then who would be responsible for paying it back to Central Government, Hull City Council?

Before anyone suggests I wish this to happen, I don't, just a genuine question as to who would be responsible.

The money will have to be paid back to the central fund. If Rovers and/or Sirius and/or Hull Training get into financial difficulties or are disbanded for example, who makes the repayments then? ATEOTD the council have sought central government funding on behalf of a private limited company (Hull Kingston Rovers Football Club Limited) and have committed the council to underwriting the repayments for said private limited company. As for the "repayments paying for other local initiatives", that's just nonsense. It goes back to central government to repay the loan.

Not sure if acknowledging you're playing Devils Advocate is the correct prelude to a genuine question but I'd suggest you'll struggle to get a definitive answer to a hypothetical situation.

I'm sure however, such a hypothetical will be covered in any contracts - again tho' it's unlikely anyone here will be reading any such contract or be able to disclose the info even if they do see the contract.....although I'm guessing some will offer up some theory.

You was going well up to that point.

Thats just classic political speak used to justify public funds going to private enterprise. Its sounds good but the reality is that 99 times out of 100 it becomes something completely different.

I wouldn't be worried about Rovers defaulting on any of their payments or of going bust, they have survived far worse. But i would be worried about the other two 'partners' whoever they may be. My experience of these sort of schemes is they tend to be very short term and i would wager that within 5 years this 'enterprise hub' / 'training centre' has been closed down and taken over by some black lesbian folk dancing club paying about a tenner a month rental.

IMO Rovers are the least likely of the three 'partners' to cause the council any short, medium or long term problems with this deal.

As you know Mrs G. If it all goes tits-up the council will bail it out. Thats the way it works.

Sounds brill that, when are the tickets out and do I get a discount for being a pass holder?



Erm, you appear to have just outed Madame Kenco as your wife...

Accept the point about any of the companies going bust and leaving the council to pay the debts but will they not be insured against such losses?

Also the extension will create jobs at the stadium. Although a drop in the ocean of the unemployment numbers it is still going to need building by brick layers, electricians, plumbers, scaffolders, plasterers, decorators, roofers. Then it will need cleaning, security let alone filling with office staff of which it has space for 40. The stand currently on this land will also need moving, again a job that needs paying for and will help other companies.

So taking away from just the PLC's occupying the stand, it being there alone will create approx 50 jobs long term and possibly 100's of jobs during the building stages.

Blinkered people just turn around and say "oh they are cutting the OPE and the IRE funding but giving £4m to Rovers." Anyone with just a few brain cells will see the bigger picture and know this is a loan that HKR have to pay the majority of back to the local council who in turn will pay back to the central fund. If we falter then I guess the council have grounds to set up a CCJ and possibly place us into Administration again, once this happens our SL licence is at great risk something I know the club can ill afford to do knowing that being put back in the Championship will be as good as losing a professional sports team from the city.

My guess is that whichever company actually builds the stand will already be employing such people either directly or as sub contractors, so i doubt it would herald that much 'new' employment.

Like I said in a previous post and you have mentioned previously lets hope they use local contractors but look what happened with the floods, out of town contractors were used.