It isn't giving up money he's already invested, it is giving up profits on the investment (providing that he received interest at the rate of inflation which is 2% as compared to the 5% he is currently taking).
He clearly said the investment was a gift to the city of Hull. I assume this is another change in what was meant. That language barrier really is something....
No twisting of reality. Assem Allam fell out with the council and the council used the break in the lease agreement with the SMC to walk away. The fall in income took place at the same time as an increase in SMC costs which means that the money has to be found from somewhere. Either an increase in rent for Hull City or increased borrowing or a mixture of both. Either way the SMC accounts for next year will tell us what happened.
1. They fell out with each other. TG went to a meeting with the express mindset of doing just that. The council walking away gives further credence to Allam refusing to do business with them. If Brady was/is so desperate why did he allow TG to walk away, a brainless petty decision right there. Thats a great way to treat a potential business partner isnt it.
I'm fully against the name change, hence my ctwd membership, but I have to say, on this point, AA is.doing what he can to make money. He said that he can't afford to keep ploughing the money in, so he has alternative plans for revenue. If that means jacking up the season ticket prices then fair play, the money has to come from somewhere and if we aren't changing the name, then we have to pay the price. Id have thought the others in Ctwd would have dug a little deeper if it meant going against the name change? I certainly will. It just comes across that AA can't seem to do any right in some people's eyes. He can't just keep ploughing money in forever, he isn't a Saudi Sheik.
The man has been trying to force his name-change upon us for eight months now, and has apparently not considered that having regular, well-publicised tantrums may not be conducive to persuading people to go along with you. Nor, it seems, has he drawn-up any alternative plans for making money, hence the decision to hike up season-ticket prices by 50%. Just let that sink in. FIFTY PER CENT. Now 20%, at a push, he may have got away with. But this? Well, it just shows him up for the ****ing pitiful old clown that he is.
Yes it is twisting of reality. The council offices/library at the KC closing was a result of council cut backs, not a fall out with Allam, they wern't the only places the council stopped renting at that time, other council properties also got axed. You make it sound as if Allam told the council to bugger off and the SMC doesn't want their money, not even close to the truth, the councils budget was cut and the council chose to finish renting those properties, along with others at the same time, of their very own accord.
Putting some prices up to £750 isn't a bad idea. I think putting all prices up by 50% would be counter productive. They could look at increasing money from merchandising, hospitality and food. Sponsorship and TV is the big income generator though.
All the twitter and facebook donkeys who cant be arsed to investigate or even read a article properly are winding me up, we need money the Allams have a way of sourcing that money, CTWD dont, they just like stirring the pot. look at our squad, we should be celebrating how far we've come not berating the owner who got us where we are. Its the same "traditionalist he's one of our brigade" who moaned when barmby was sacked. Dont think we'd be where we are now if Barmby stayed on unfortunatly. Move on UTT
Yes, he said that before January, then he went against financial sense and bought 2 strikers for more than they're worth. Where was the "i'm skint" bollocks then? If we have to become a franchise for investors to put money in, it isn't worth it.
Someone correct me if i'm wrong here, Maths isn't my strong point BUT obviously raising season tickets in the area we're in would result in less sold, probably only the prawn sandwich brigade who can afford that pricing. IF we lowered season ticket prices to get bums on seats and fill the stadium, would this not raise the revenue too? or would the cut in the price just work out at the same it was before without a full stadium? I'm only knowledgeable about the tourism industry and as everyone knows Airlines want bums on seats so start off their pricing more expensive and then lower it to ensure the flight is full. Having lower ticket prices and more people in the stadium PLUS if he sorted out catering then more people would be in the stadium as it was, plus then more would be more inclined to buy food inside the stadium. If he raises the prices then fair enough he somehow thinks this is a smart move, but it will result in a near empty stadium as matchday prices would go up...meaning away fans tickets would go up so there wouldn't be many away fans either as i wouldn't fancy paying £60-£80 a ticket plus travel for an away game at Hull in an empty stadium, when he's so bothered about raising the profile of the club with the exposure of the premier league an empty, silent stadium on TV beamed across the world isn't good. If he was also using this 50% as an attempt to scare supports into becoming pro-name change then surely he should of done this BEFORE the votes? as now it just makes him look like he knows he's lost the battle and now he's sour so he's going to take it out on the vital part of a club. The fans. If he doesn't get the name change, and he doesn't have the stadium and now he's lost lets say... a lot of the supporters. He has nothing, this can only end in him selling the club unless he just announces that the HDM are lying about what was said and gets more people back on side. It seems Allam thinks it's April fools everyday. How he's a businessman man i do not know
Haven't you realised? Whilst most normal folk realise that it's more rational to let a club spend within its means and find its natural level, he just chucks good money after bad whilst we stand on the verge of a financial meltdown.
Geraghty went to the meeting and offered to jointly develop the KC and the surrounding area. Assem Allam refused the offer.
