Joined: Feb 09 2004 Posts: 7735 Location: Here there and everywhere
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.
Key word highlighted - thanks for clarifying that they do not own the land or stadium.
Were you aware that for any non-sporting event there is an additional rent charge to the actual owner, so where are I am sure that rovers made money out of the concerts held there, there was also a kickback to the owner.
Joined: Oct 26 2007 Posts: 2570 Location: East Hull is Wonderful
This isn’t right, Kingston Community Developments run by Keith Brown own the long term lease off the council, KCD sub let the ground to Hull KR, The only direct leases from the council are for offices, bar and restaurant areas, seating and concourse in the north stand plus the training land beyond the East stand, the rest is rented from KCD.
Barton Flyer wrote:texted my son to say light at the end of the tunnel, unfortunately it was a train coming! Re:- Rovers v Salford 29/03/09
HFC Boy wrote:Hull FC have not risen to the Challenge of Hull KR .
Success consists of getting up just one more time than you've fallen down.
Does it really matter? Hull KR don't have a body like the SMC over us who hate our presence in the stadium and would kick us out tomorrow if they get the chance. Add in the fact that the principal club that also uses the stadium is up for sale and could well be sold to someone who is fronted by a former Chairman of the football club who is on record as asking if Hull FC supporters can actually read and write! I would worry about your tenancy if I were you. Remember that your lease expires in just 35 years.
ComeOnYouUll wrote:Sorry but I can't let that pass. Who in Super League has better?
I'm sorry to spoil the p155ing contest between you Humbersarder's
I have been to Hull FC's training facilities and they are excellent But sadly they are not even close to the facilities available at Kirkstall (2016 apart when it was under water )
"...To those people that wrote this team off... to all those that criticised this team... tonight's for you"
Joined: Jan 19 2006 Posts: 1337 Location: Hibbing, Minnesota.
Mild mannered Janitor wrote:Key word highlighted - thanks for clarifying that they do not own the land or stadium.
Were you aware that for any non-sporting event there is an additional rent charge to the actual owner, so where are I am sure that rovers made money out of the concerts held there, there was also a kickback to the owner.
I really do think you are splitting hairs.
Rovers have a fantastic deal giving exclusive rights to the stadium for 99 years. Rovers get all the money from any event at KCOM Craven Park, well to be exact whatever is negotiated with the party staging the event. HCC do not have any involvement or income from KCOM Craven Park whatsoever. It was the least they could do after spending £43m on the KC stadium.
However you dress it up Rovers are the owners of KCOM Craven Park for 99 years.
Hey you play at a fantastic stadium and you seem happy with your tenancy deal. Fair enough.
Joined: Oct 26 2007 Posts: 2570 Location: East Hull is Wonderful
His Bobness wrote:I really do think you are splitting hairs.
Rovers have a fantastic deal giving exclusive rights to the stadium for 99 years. Rovers get all the money from any event at KCOM Craven Park, well to be exact whatever is negotiated with the party staging the event. HCC do not have any involvement or income from KCOM Craven Park whatsoever. It was the least they could do after spending £43m on the KC stadium.
However you dress it up Rovers are the owners of KCOM Craven Park for 99 years.
Hey you play at a fantastic stadium and you seem happy with your tenancy deal. Fair enough.
Just to clarify Hull KR pay rent for use of the North stand and all the bar, restaurant and concourse facilities we have a meeting with Mike Smith every three months, so to say no involvement or income is wrong.
Barton Flyer wrote:texted my son to say light at the end of the tunnel, unfortunately it was a train coming! Re:- Rovers v Salford 29/03/09
HFC Boy wrote:Hull FC have not risen to the Challenge of Hull KR .
Success consists of getting up just one more time than you've fallen down.
phil webbo wrote:Just to clarify Hull KR pay rent for use of the North stand and all the bar, restaurant and concourse facilities we have a meeting with Mike Smith every three months, so to say no involvement or income is wrong.
Seen that the issue happened November and no date yet on when it will be resolved - who is liable Phil? If I understood it the council were the project managers. So is recourse to the council or Hobson and Porter, or KCD mentioned? Or are Rovers responsible for maintenance as part of KCD lease? No doubt there will be major financial compensation due from one of the parties.
Zook Ema's Hose wrote:Seen that the issue happened November and no date yet on when it will be resolved - who is liable Phil? If I understood it the council were the project managers. So is recourse to the council or Hobson and Porter, or KCD mentioned? Or are Rovers responsible for maintenance as part of KCD lease? No doubt there will be major financial compensation due from one of the parties.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum
No doubt there will be major financial compensation due from one of the parties.
