Joined: Jan 19 2006 Posts: 1337 Location: Hibbing, Minnesota.
Mild mannered Janitor wrote:When did rovers announce the purchase of a ground? Because they sure as hell don't own the ground formerly known as craven park
Hull KR purchased a 99 year leasehold on the ground CURRENTLY known as KCOM Craven Park. This was one of the first things Neil Hudgell did on becoming chairman and what an astute move it was.
This gives Hull KR exclusive use of the stadium for many decades to come. Anyone else wants to use they must ask Hull KR and pay Hull KR for example Little Mix & Paul Heaton concerts, boxing events, drive in cinema. Catering, events etc all income from any activity at KCOM Craven Park all income to Hull KR and this is now a considerable sum.
Naming rights for the stadium? Income to Hull KR. Naming rights for various parts of the ground e.g. East Stand? Income to Hull KR.
The North Stand and floodlights are a slight exception having been opened since the lease was purchased. These were financed by several parties and with EU grant and Rovers actually pay a yearly amount for exclusive use of the sections used by the club. Parts of the North Stand, offices etc belong to others. The floodlights are not part of the lease owned by Hull KR so don't actually belong to the club unlike most of the ground.
Hull City Council are the freeholders but basically they have sold the stadium to Hull KR for 99 years. No doubt when the time comes they will rubber stamp a renewal but in the unlikely event they don't you will not be alive to witness.
Joined: Jun 01 2007 Posts: 12655 Location: Leicestershire.
Should old acquaintance be forgot And never thought upon The flames of love extinguished And fully peppercorn.
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Last edited by Mild Rover on Thu Dec 27, 2018 9:57 pm, edited 1 time in total.
Joined: Nov 30 2002 Posts: 3524 Location: North Hull
His Bobness wrote:Hull KR purchased a 99 year leasehold on the ground CURRENTLY known as KCOM Craven Park. This was one of the first things Neil Hudgell did on becoming chairman and what an astute move it was.
This gives Hull KR exclusive use of the stadium for many decades to come. Anyone else wants to use they must ask Hull KR and pay Hull KR for example Little Mix & Paul Heaton concerts, boxing events, drive in cinema. Catering, events etc all income from any activity at KCOM Craven Park all income to Hull KR and this is now a considerable sum.
Naming rights for the stadium? Income to Hull KR. Naming rights for various parts of the ground e.g. East Stand? Income to Hull KR.
The North Stand and floodlights are a slight exception having been opened since the lease was purchased. These were financed by several parties and with EU grant and Rovers actually pay a yearly amount for exclusive use of the sections used by the club. Parts of the North Stand, offices etc belong to others. The floodlights are not part of the lease owned by Hull KR so don't actually belong to the club unlike most of the ground.
Hull City Council are the freeholders but basically they have sold the stadium to Hull KR for 99 years. No doubt when the time comes they will rubber stamp a renewal but in the unlikely event they don't you will not be alive to witness.
Paying for it to be rebuilt after new survey result? Hull KR ?
HULL FC CHALLENGE CUP WINNERS 2005 GRAND FINALISTS 2006 CHALLENGE CUP FINALISTS 2008 CHALLENGE CUP FINALISTS 2013 CHALLENGE CUP WINNERS 2016 CHALLENGE CUP WINNERS 2017
…. there are subtle costs like insurance, maintenance, stewarding, policing, security, electricity, rates, and most likely a lot more, so everything isn't really quite so rosy at the other side of the river.
Is Hodgson the new Griffin, or is it all about pace?
Joined: Nov 30 2002 Posts: 3524 Location: North Hull
ccs wrote:…. there are subtle costs like insurance, maintenance, stewarding, policing, security, electricity, rates, and most likely a lot more, so everything isn't really quite so rosy at the other side of the river.
Of course it is !! The HKR propaganda Department would put North Korea’s to shame !
HULL FC CHALLENGE CUP WINNERS 2005 GRAND FINALISTS 2006 CHALLENGE CUP FINALISTS 2008 CHALLENGE CUP FINALISTS 2013 CHALLENGE CUP WINNERS 2016 CHALLENGE CUP WINNERS 2017
Joined: Jan 18 2009 Posts: 559 Location: West Hull
Hull City Council are the freeholders but basically they have sold the stadium to Hull KR for 99 years. No doubt when the time comes they will rubber stamp a renewal but in the unlikely event they don't you will not be alive to witness.[/quote]
Council own the ground, Rovers own the lease (for 99years).
If your going through Hell,..........Keep going!!! (Winston Churchill)
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