Joined: Jul 15 2005 Posts: 29811 Location: West Yorkshire
Obadiah wrote:It could be because expenditure on the stadium is treated as a balance sheet item rather than a charge to the profit and loss account. For the KC it looks like all spending on the KC is charged to the profit and loss account as the lease isn't shown as an asset in the accounts.
Au contraire. KSDL's profit includes depreciation of £800k. Fixed asset additions were only £50k.
Joined: Jun 01 2007 Posts: 12671 Location: Leicestershire.
ccs wrote:The simple answer is I don't know, but I did add this to my post while you were replying...
Fair enough.
I dug up the Hull FC memorabilia row Ehab Allam interview from 2013 (doesn't time fly?). Can't do links on my iPad, unfortunately.
He mentioned policing costs, the obligation to buy £140k of Hull FC tickets and claimed that the food and drink needed subsidizing. He challenged Pearson to waive a confidentiality clause, so the books could be opened. Pearson did respond to that, I vaguely recall. Though if they'd been prepared by Allam's accountants, I can understand why Pearson would maybe not be keen to argue on their terms.
'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: 29811 Location: West Yorkshire
Mild Rover wrote:Giants are part owners, somebody mentioned, I think. Which might explain why Town pay so much more.
Does the rent cover a similar level of service? Genuine question, what does the SMC do for Hull and City beyond general maintenance and cutting the grass. Stewarding? Ticketing? For balance, what extras do they get on stuff like selling booze and hot dogs? It's difficult to make a meaningful comparison without details.
Stewarding, yes. Catering, I presume so. Ticketing? Think FC run their own sales and admin as SMC charges became prohibitive reportedly. But SMC print the tickets I think?
I dug up the Hull FC memorabilia row Ehab Allam interview from 2013 (doesn't time fly?). Can't do links on my iPad, unfortunately.
He mentioned policing costs, the obligation to buy £140k of Hull FC tickets and claimed that the food and drink needed subsidizing. He challenged Pearson to waive a confidentiality clause, so the books could be opened. Pearson did respond to that, I vaguely recall. Though if they'd been prepared by Allam's accountants, I can understand why Pearson would maybe not be keen to argue on their terms.
another devious sly ploy from the allams! they knew and Pearson knew that if Adam had disclosed any confidential info from the clause it would have made hull fcs' tenure at the kc null and void! thats was why adam pearson didnt argue
Mrs Barista wrote:Stewarding, yes. Catering, I presume so. Ticketing? Think FC run their own sales and admin as SMC charges became prohibitive reportedly. But SMC print the tickets I think?
I think it has something to do with the Premier Club seats. Not sure of the details but I think the SMC sold them and divided up the money between the clubs. I think now each club is responsible for selling their own seats.
Joined: Mar 11 2007 Posts: 5659 Location: Next to Ramsgate Sands c.1850 in West Hull
number 6 wrote:another devious sly ploy from the allams! they knew and Pearson knew that if Adam had disclosed any confidential info from the clause it would have made hull fcs' tenure at the kc null and void! thats was why adam pearson didnt argue
Yes. Naughty tempter, Ehab.
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: Oct 14 2011 Posts: 640 Location: In My Seat In The East Stand In Block E8
barham red wrote:Just as an aside, how long does the KC stadium have to carry the KC name? What do KC pay for this naming privilege? Renaming would / could generate a fair bit of income.
Till 2025
Hull FC shock Leeds in the 2005 Challenge Cup final //www.bbc.co.uk/sport/0/rugby-league/14252202
Hull FC beat Warrington to win the 2016 Challenge Cup Final //www.bbc.co.uk/sport/rugby-league/37169016
Joined: Dec 29 2011 Posts: 3607 Location: Back row of Threepenny, forever
Mild Rover wrote:Giants are part owners, somebody mentioned, I think. Which might explain why Town pay so much more.
Does the rent cover a similar level of service? Genuine question, what does the SMC do for Hull and City beyond general maintenance and cutting the grass. Stewarding? Ticketing? For balance, what extras do they get on stuff like selling booze and hot dogs? It's difficult to make a meaningful comparison without details.
Giants and Town own about 10% each of the McAlpine , the rest is council owned
Joined: Dec 29 2011 Posts: 3607 Location: Back row of Threepenny, forever
Mrs Barista wrote:Stewarding, yes. Catering, I presume so. Ticketing? Think FC run their own sales and admin as SMC charges became prohibitive reportedly. But SMC print the tickets I think?
The ticketing thing is a farce, some on our part too.
those pesky 40 lifetime passes are costing us tens of thousands per year.
Joined: Dec 29 2011 Posts: 3607 Location: Back row of Threepenny, forever
Obadiah wrote:Have you any idea why the full amount of the guarantee (nearly £2 million) has been written off in the last accounts? I would have thought they'd have included the payments when they are actually paid as they cover the next3 years.
This the initial £2million underwritten by Malcolm and Eddie?
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, the rest is council owned
