Aldy wrote:Page 52 of today's H.D.M. a special report KC lease mess "One question which needs to be answered why did the Council sign off Adam Pearson's sale of the S.M.C. to Russell Bartlett for £6m when they had given it to Pearson for free just a few years earlier"
Ah, so when you said "the article in the Hull Daily Mail", you didn't mean "the article in the Hull Daily Mail last referred to in this thread", you meant the article in today's paper copy.
You could confuse a stupid person.
I didn't realise anyone actually bought the HDM anymore.
AP sold his shares in the SMC, a subtle difference to the wording in the HDM.
Aldy wrote:Page 52 of today's H.D.M. a special report KC lease mess "One question which needs to be answered why did the Council sign off Adam Pearson's sale of the S.M.C. to Russell Bartlett for £6m when they had given it to Pearson for free just a few years earlier"
Ah, so when you said "the article in the Hull Daily Mail", you didn't mean "the article in the Hull Daily Mail last referred to in this thread", you meant the article in today's paper copy.
You could confuse a stupid person.
I didn't realise anyone actually bought the HDM anymore.
AP sold his shares in the SMC, a subtle difference to the wording in the HDM.
Aldy wrote:I presume Mr Pearson will be taking issue with the article in the Hull Daily Mail if what you say is true. I was told, by a Councillor prior to the Stadium opening that the original idea was for Shane Richardson & A. P. to run the SMC but AP didn't want to work with Richardson.
IIRC HullFC were offered a 50% share in the SMC but couldn't afford it and/or didn't see the value of buying in to it.
The whole thing is a steaming hot pile of mess, only Hull City Council could build a ground from an unexpected windfall, then end up paying to rent space in its own building
I hope the Council have a clause to regain ownership of the SMC on the grounds of mismanagement, and then either take control of it themselves or sell to a completely independent management company (as it should have done in the first place)
Agreed, the council at the time made this a problem from the off and it's only going to get worse.
The whole stadium could have been a fantastic central point for the community, for the city, with annual events and using the place for all sorts of things, certainly a heck of a lot more than it does now. I heard that they (SMC) struggled to break even on the big concerts but I reckon that was part of the ploy to not report large profits, typical creative accounting to hide true profit, hardly surprising really. The council could have made some real money back on the stadium running it themselves but as usual narrow minded/thinking councils just don't have a clue and it's all starting to unravel & fall apart.
the worst of it is, is that is has a direct effect on everything, even down to how shabby the stadium is starting to look in places.
Joined: Mar 11 2007 Posts: 5659 Location: Next to Ramsgate Sands c.1850 in West Hull
ccs wrote:Ah, so when you said "the article in the Hull Daily Mail", you didn't mean "the article in the Hull Daily Mail last referred to in this thread", you meant the article in today's paper copy.
You could confuse a stupid person.
I didn't realise anyone actually bought the HDM anymore.
AP sold his shares in the SMC, a subtle difference to the wording in the HDM.
It might as well have been. In the paper copy (yes, I still buy it ) the author is credited as the aforementioned fickwit Fewings. No doubt this is in retaliation to his contemporary over on the politics section, Angus Young, who penned that most unhelpful article the other day which pointed out that Allam knew exactly what he was getting into when he bought the company.
Allam's main argument seems to be that the council have given away control of the stadium by authorising the sale of the SMC to Bartlett from Pearson. Well, doh! That's how Allam was able to get his sweaties on it. As he full well knows - this isn't news to him.
Fickwit's pacifier to his Dr to undo Young's damage is what we see published today. He's got a door to keep open, y'know, and thus much compensatory sliming was called for. Full of could'ves, should'ves, answers which don't actually answer Fickwit's own questions, and imbued with a decent amount of Fewings' nervous sweat and yellow custard, the only question for me is how high the marionette pole was inserted into his rectum while the article was being dictated to him?
Hang on, I've thought of another - who is it that's being investigated for financial irregularities again?
ccs wrote:Ah, so when you said "the article in the Hull Daily Mail", you didn't mean "the article in the Hull Daily Mail last referred to in this thread", you meant the article in today's paper copy.
You could confuse a stupid person.
I didn't realise anyone actually bought the HDM anymore.
AP sold his shares in the SMC, a subtle difference to the wording in the HDM.
It might as well have been. In the paper copy (yes, I still buy it ) the author is credited as the aforementioned fickwit Fewings. No doubt this is in retaliation to his contemporary over on the politics section, Angus Young, who penned that most unhelpful article the other day which pointed out that Allam knew exactly what he was getting into when he bought the company.
Allam's main argument seems to be that the council have given away control of the stadium by authorising the sale of the SMC to Bartlett from Pearson. Well, doh! That's how Allam was able to get his sweaties on it. As he full well knows - this isn't news to him.
Fickwit's pacifier to his Dr to undo Young's damage is what we see published today. He's got a door to keep open, y'know, and thus much compensatory sliming was called for. Full of could'ves, should'ves, answers which don't actually answer Fickwit's own questions, and imbued with a decent amount of Fewings' nervous sweat and yellow custard, the only question for me is how high the marionette pole was inserted into his rectum while the article was being dictated to him?
Hang on, I've thought of another - who is it that's being investigated for financial irregularities again?
Philip Larkin wrote:
There ain’t no music East side of this city That’s mellow like mine is, That’s mellow like mine.
Joined: Aug 30 2005 Posts: 3231 Location: in a cave
Aldy wrote:I presume Mr Pearson will be taking issue with the article in the Hull Daily Mail if what you say is true. I was told, by a Councillor prior to the Stadium opening that the original idea was for Shane Richardson & A. P. to run the SMC but AP didn't want to work with Richardson.
You were told wrong. Hull FC had the chance to become involved at the time but couldn't afford to or chose not to. A bad decision as things have turned out.
First there was wisdom Then there was knowledge Now there is only information
Whilst the issue is of a complex nature, the Mail understand it surrounds the way City are funded by owners Assem and Ehab Allam. In their last accounts, it showed they have loaned the club around £64.8m via their holding company Allamhouse Limited, rather than injecting capital into it to be written off.
This means City would not meet the UEFA-imposed criteria surrounding certain "potential break-even breaches".
Not sure if this has been referenced yet on here - the Wail's understanding of the nature of the investigation. Fewings again, mind.
Whilst the issue is of a complex nature, the Mail understand it surrounds the way City are funded by owners Assem and Ehab Allam. In their last accounts, it showed they have loaned the club around £64.8m via their holding company Allamhouse Limited, rather than injecting capital into it to be written off.
This means City would not meet the UEFA-imposed criteria surrounding certain "potential break-even breaches".
Not sure if this has been referenced yet on here - the Wail's understanding of the nature of the investigation. Fewings again, mind.
Philip Larkin wrote:
There ain’t no music East side of this city That’s mellow like mine is, That’s mellow like mine.
Whilst the issue is of a complex nature, the Mail understand it surrounds the way City are funded by owners Assem and Ehab Allam. In their last accounts, it showed they have loaned the club around £64.8m via their holding company Allamhouse Limited, rather than injecting capital into it to be written off.
This means City would not meet the UEFA-imposed criteria surrounding certain "potential break-even breaches".
Not sure if this has been referenced yet on here - the Wail's understanding of the nature of the investigation. Fewings again, mind.
This was reported in the nationals 6 months ago, but was probably not appropriate news for the HDM.
Whilst the issue is of a complex nature, the Mail understand it surrounds the way City are funded by owners Assem and Ehab Allam. In their last accounts, it showed they have loaned the club around £64.8m via their holding company Allamhouse Limited, rather than injecting capital into it to be written off.
This means City would not meet the UEFA-imposed criteria surrounding certain "potential break-even breaches".
Not sure if this has been referenced yet on here - the Wail's understanding of the nature of the investigation. Fewings again, mind.
This was reported in the nationals 6 months ago, but was probably not appropriate news for the HDM.
Is Hodgson the new Griffin, or is it all about pace?
Diogenes wrote:You were told wrong. Hull FC had the chance to become involved at the time but couldn't afford to or chose not to. A bad decision as things have turned out.
ccs wrote:So the council excluded Hull FC from the SMC because AP didn't want to work with Richardson.
I doubt it.
Where they reimbursed by the agreement for the SMC to cover policing & stewarding the purchase of £140,000 worth of Hull Fc Premier Club season passes and to subsidise catering and beer sales? http://www.hulldailymail.co.uk/Allams-s ... story.html
ccs wrote:So the council excluded Hull FC from the SMC because AP didn't want to work with Richardson.
I doubt it.
Where they reimbursed by the agreement for the SMC to cover policing & stewarding the purchase of £140,000 worth of Hull Fc Premier Club season passes and to subsidise catering and beer sales? http://www.hulldailymail.co.uk/Allams-s ... story.html
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) the author is credited as the aforementioned fickwit Fewings. No doubt this is in retaliation to his contemporary over on the politics section, Angus Young, who penned that most unhelpful article the other day which pointed out that Allam knew exactly what he was getting into when he bought the company. 
