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The ballot...

Discussion in 'Hull City' started by originallambrettaman, Mar 9, 2018.

  1. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    No it doesn't. I think you're confusing doing the right thing with doing what they are doing.
    They're getting their money back with minimal risk.

    One question. Are they going to get all their investment back and all their money owed plus more.
     
    #1561
  2. Obadiah

    Obadiah Well-Known Member

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    I'm not sure. It depends on what money Hull City earned after December. including the insurance pay out for Ryan Mason. If they sell they'll get the debt paid, they may get a bit more given the parachute payment next season. If they're not sat on £60 million the ferryman will be waiting for his payment.
     
    #1562
  3. Amin Arrears

    Amin Arrears Well-Known Member

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    I doubt it. Like it or not there are still more than plenty (a majority) that are quite happy to keep donating to the Allam hedge fund.
     
    #1563
    Edelman likes this.
  4. Amin Arrears

    Amin Arrears Well-Known Member

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    .... what?
     
    #1564
  5. Barchullona

    Barchullona Well-Known Member

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    to avoid an arrangement that saw some of the corporate money going to Hull FC.
     
    #1565
  6. Amin Arrears

    Amin Arrears Well-Known Member

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    Elaborate
     
    #1566
  7. Amin Arrears

    Amin Arrears Well-Known Member

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    Is it that black & white? As far as I'm concerned it's something we will never know, there could be many ways they've made money from the club that we wouldn't have a clue about. What wage are they paying themselves for starters?
     
    #1567
  8. Evington

    Evington Well-Known Member

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    I was going to post a you tube video
     
    #1568
  9. Evington

    Evington Well-Known Member

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    Sod it I couldn't resist

     
    #1569
  10. Barchullona

    Barchullona Well-Known Member

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    It has been mentioned many times before. Allam was pissed off when he found out that arrangements had been set up by Pearson when he bought the club and took control of the SMC for City to buy so many season tickets and corporate seats and if they weren't sold City stood the cost. Can't remember the exact figures, I am sure OLM or someone will recall, but in effect City were subsidising FC to the tune of around £200,000 a year. This is why, I think, Allam started insisting FC paid for the pictures being displayed and other things they were supposed to pay but hadn't.
    Ironic when FC fans in those days this was set up considered Pearson the devil incarnate.
     
    #1570

  11. Obadiah

    Obadiah Well-Known Member

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    Nothing.
     
    #1571
  12. howdentiger

    howdentiger Well-Known Member

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    Bar a nice tidy interest rate on their "gift"
     
    #1572
  13. Barchullona

    Barchullona Well-Known Member

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    The people who got my reference in reply to they didn't have a clue what to do are showing they areof a certain age.<laugh>
     
    #1573
  14. Obadiah

    Obadiah Well-Known Member

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    I was asked what wage they were paying themselves and the answer to that question is nothing.
     
    #1574
  15. howdentiger

    howdentiger Well-Known Member

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    Sorry oh great one.... Although not in the conventional way, id say the allams deciding what interest they pay themselfs on money they have loaned the club is in fact paying themselves.
     
    #1575
  16. Amin Arrears

    Amin Arrears Well-Known Member

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    How do you know that? I bet they are, and I bet it's a nice one.
     
    #1576
  17. Amin Arrears

    Amin Arrears Well-Known Member

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    I know we'd been subsidising Hull. I thought it was just by paying a higher rent, I hadn't heard about this.
     
    #1577
  18. Obadiah

    Obadiah Well-Known Member

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    I know because I'm the great one, ask Howdentiger.
     
    #1578
  19. Edelman

    Edelman Well-Known Member

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    Selective Belief then ???
     
    #1579
  20. originallambrettaman

    originallambrettaman Mod Moderator
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    My memory’s terrible, but as far as I remember, that deal that FC benefitted from was entirely based on corporate sales.

    When the KC was built, it was decided that the SMC would handle corporate sales, as everyone would benefit from one organisation trying to sell joint corporate passes for both sports (it wasn’t just the two clubs either, when it first opened, gigs were seen as a major draw and were heavily promoted as one of the benefits of being a corporate member).

    Both clubs were given a minimum guarantee on a percentage of the corporate ticket sales and City getting to the Premier League saw the corporate area sold out and FC benefitted from those sales.

    The reasons behind the arrangement were perfectly reasonable and the amount that FC got was actually very small as a percentage of income, but the principal of it obviously pissed the Allams off.
     
    #1580

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