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Allams have never made a bid for the KC stadium?

Discussion in 'Hull City' started by Willson, Nov 15, 2013.

  1. DMD

    DMD Eh? Forum Moderator

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    "IF".
     
    #41
  2. Leon T Trout AFC

    Leon T Trout AFC Well-Known Member

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    Fair enough. Primary sources often conflict (like secondary sources) and we use those whilst considering bias to form a fuller picture, if you had anything to hand I'd still appreciate reading it.

    I`ll have a good look later to see if I can find anything.

    I'm not anti Allam and I'll consider his tenure and what he has done for Hull and City on a case by case basis, but I'm horrified by the name change and tremendously dislike how it is being done.

    I know others support it by proxy (indifference) or support it explicitly; they have different values to me but that's life.

    What I find incredulous, is that any rational person (naturally idiots not included) would offer AA unconditional support and not even question the questionables. Or perhaps, one has to be an idiot ,de facto, to do this anyway?
     
    #42
  3. DMD

    DMD Eh? Forum Moderator

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    I've yet to see anybody (whoops I can think of one) offering unconditional support to Mr Allam. I see some open to the possibility that the public versions of separate events are not mutually exclusive though.
     
    #43
  4. Leon T Trout AFC

    Leon T Trout AFC Well-Known Member

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    Not seen or heard anyone articulate the exact words: I OFFER HIM UNCONDITIONAL SUPPORT, but I've heard a few on RH who would appear to.

    Discourse on here suggests that some seem to/or do offer him unconditional support too.
     
    #44
  5. DMD

    DMD Eh? Forum Moderator

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    Don't listen to RH, from what I've read, I'm not convinced the callers/texters are genuine, so can't comment and can't see I've seen many on here offering unconditional support, more the opposite if anything.
     
    #45
  6. Dr.Stanley O'Google, HCFC

    Dr.Stanley O'Google, HCFC Well-Known Member

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    What there appears to be a fair number of, is those who 'don't mind', to such an emphatic extent that they are openly, insultingly hostile to those of us who do mind.
     
    #46

  7. Leon T Trout AFC

    Leon T Trout AFC Well-Known Member

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    I wrote some on here, not many – there's a difference. Although the fact you write "can't see I've seen many on here offering unconditional support" suggests that you've seen some which supports my point.

    I would agree that many on here offer AA the opposite of unconditional support – myself included.

    Also, what have you read and where have you read about the credibility of Radio Humberside’s callers/texters?
     
    #47
  8. DMD

    DMD Eh? Forum Moderator

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    Agreed, and there are some that try more subtle ways.
     
    #48
  9. DMD

    DMD Eh? Forum Moderator

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  10. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    "He said: "It was an amicable, laid-back meeting which lasted three hours.

    "At the end of it, we all shook hands, agreed to continue working together on a few ideas and Mr Allam even invited me to visit his factory.

    Now if you had just bid **** all for my house it wouldnt be an amicable 3 hour meeting.
    THe question is did/does Geraghty want to do a deal. I dont think they do or have they got alternative plans? No. If not why not?

    Allam give me it for nothing.
    TG I cant do that, we would need 10 20 30 million for it or 5 million and we retain 49% how about that AA??
    AA maybe
    TG Im desperate for jobs and great facilities in Hull
    AA So am I

    Lets never speak again
     
    #50
  11. RicardoHCAFC

    RicardoHCAFC Well-Known Member Forum Moderator

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    Not seen anywhere reliable that says he wants it for free. Even if he had though, you value an asset based on what you're going to get out of it in the future. The Council has already said they have intention of borrowing against it or changing the use of the site in any way, so the only income it can generate is the rent the SMC pays. We'll ignore the fact they paid rent to use space at the stadium because they didn't need to own it to do that. A couple of years back they publicised the fact that since the stadium opened the Council had received less in rent than we were paying Bullard every week. I'm going to say that was after 8 years as we'd been relegated by then and use £40k as the figure (it was £39,xxx if I remember correctly).

    Now, if when you invested money in a business you expected to get a 2% return on it (which is really low) it would mean that the stadium for the next 50 years was worth less than £160k to the Council, so a bid of that amount should be accepted, and if you up the expected return to 8% (which is much nearer the level people would be looking for) that value drops to just under £62k.

    That's why they won't discuss selling it, because as a building they own it's getting a balance sheet value of around £20M now because the valuation retains the option of lending against it or changing the use of the rest of the land. If they sold it they'd get nowhere near that amount because the Allams know what it generates the Council and would be splitting the difference, and the Council would have to record the difference as a loss in their accounts. HCC would then be left to explain to the people how a £43M investment in 2000-2002 has suddenly been sold for less than £10M just 10-15 years later.
     
    #51
  12. look_back_in_amber

    look_back_in_amber Well-Known Member

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    Re-reading this gives me shivers if I'm honest. It appears his dealings with the council were on a par with his dealings with the fans regarding the name change, it doesn't take Einstein to recognise that fact, and I think that if he could ex-communicate the fans, as he did with the council, that he would do it right now without a second thought!

    The more that I see of this, the more I am convinced that it will all end in tears!
     
    #52
  13. Smug in Boots

    Smug in Boots Well-Known Member

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    None of my business, of course, but this situation does interest me.
    There is increasing foreign ownership and the outcome isn't always welcome ....... Portsmouth, as an example didn't end up too well and Blackburn's situation is bizarre.

    Your owner seems to be causing some big concerns after he'd initially been welcomed from what I remember.
    It's not always easy for supporters to be rational when a wealthy 'benefactor' turns up to save a club.

    So, my question is this ...... if Mr Allam had turned up and said,

    "Right lads, I'll buy the club, invest money and get Hull to the Premier but I absolutely must change the name," what do you reckon would've been the response?

    I was going to include the stadium issue, in the question, but I can't make head nor tail of that so I'll leave it.
     
    #53
  14. DMD

    DMD Eh? Forum Moderator

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    He still deals with the Council on other issues.
     
    #54
  15. DMD

    DMD Eh? Forum Moderator

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    Strictly speaking, it's not foreign ownership. His handling of the PR has been piss poor.
     
    #55
  16. Smug in Boots

    Smug in Boots Well-Known Member

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    That's by the by, the question stand whether he's foreign or not ........ I've no idea what nationality he is, just assumed he was foreign like Al Fayed.

    I think Al Fayed had a British company own Fulham as he didn't have a British passport.
     
    #56
  17. DMD

    DMD Eh? Forum Moderator

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    I think the lack of discussion on the Council's own plans for that area are telling. It's been poorly handled on both sides, but we're the ones left pondering, when we should be cracking on.
     
    #57
  18. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    http://www.hulldailymail.co.uk/Hull...-bid-save-85/story-17454953-detail/story.html

    Cllr Geraghty said there would be no job losses in the library service with staff working at the KC and Marfleet being redeployed.

    As the stadium nears its tenth anniversary, he said the council remained committed its ownership of the building.

    He said: "We have no plans to sell the stadium to anyone."

    Last year, Hull City owner Assem Allam, who also owns the SMC, opened talks with the council over a possible change in ownership of the stadium.

    However, negotiations stalled early on and Mr Allam has subsequently announced he is no longer seeking ownership of the stadium and surrounding land.

    A million quid wasted on a library no one went to. I didnt even know there was one.
     
    #58
  19. Leon T Trout AFC

    Leon T Trout AFC Well-Known Member

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    That’s a fair and seemingly truthful comment from Geraghty: they have no plans to sell the stadium to anyone (at that time).

    You wrote earlier about the stadium not being advertised for sale (in your analogy about your house sale).

    Perhaps if some sort of offer had been made, TG wouldn`t have said the quote you highlighted.

    As with regard to the library being there, that's probably more to with your gegraphical location/or interest in library services. Should HCC have spent money to advertise all around Hull that The Circle had a public library? I'd certainly seen plenty of references to it in that area in which it served and I know that it also served the educational enterprises in the stadium.

    Personally though, I think it’s correct to question HCC – after all, they are publicly accountable.

    But, do you question any of AA’s motives, actions or behaviour? Is any of his behaviour, in your opinion, questionable? Or do you see him above that?
     
    #59
  20. Leon T Trout AFC

    Leon T Trout AFC Well-Known Member

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    Fair comment from what I can see so far.
     
    #60

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