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Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

  1. DMD

    DMD Eh?
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    I know, I was quoting AP's claim knowing it was over egged. The fact that even over egged, it can be seen to not reach 50% of the costs to run the Stadium, suggests an imbalance in funding. I guess it could be argued they don't use it as much, but in that case, they are by definition minority tenants, and the stadium should reflect that in colour schemes, banners etc.
     
    #35021
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  2. dennisboothstash

    dennisboothstash Well-Known Member

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    so roughly FC normally pay £500k and City normally pay £750k?
     
    #35022
  3. DMD

    DMD Eh?
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    It will be in several sets of accounts, as the football side is only one aspect, so care needs to be taken when quoting a figure, as demonstrated by AP's claim. :emoticon-0105-wink:
     
    #35023
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  4. DMD

    DMD Eh?
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    As I mentioned, care needs to be taken with any figures quoted, as those two together, don't meet the Stadium running costs, so cannot be accurate.
     
    #35024
  5. dennisboothstash

    dennisboothstash Well-Known Member

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    They could be in theory (I've no idea whether they are) because we already know the rent doesn't cover the running costs which is why the SMC runs at debt doesn't it?
     
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  6. Obadiah

    Obadiah Well-Known Member

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    In 2018 City paid £759,500 for leasing land and buildings. I assume the bulk of that would be rent for the SMC.
     
    #35026
  7. DMD

    DMD Eh?
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    Do the SMC still owe City money? I recall it being around £18,000,000 at one point.
     
    #35027
  8. originallambrettaman

    originallambrettaman Mod Moderator
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    I think it's about £460k and £750k.
     
    #35028
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  9. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    And this is where rent and rates do start to blur, as I would have thought that the 'rent' that we pay to the SMC is in order for the SMC to then pay the rates for the upkeep for the stadium.
     
    #35029
  10. TwoWrights

    TwoWrights Well-Known Member

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    He won't, he'll just leave the obtuse to their own little world. :emoticon-0100-smile
     
    #35030
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  11. originallambrettaman

    originallambrettaman Mod Moderator
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    All debt was written off as part of the sale as far as we're aware.

    That £18m debt was not just run up because the rent is too low for the costs, there's a lot of football costs that were loaded onto the SMC when they really shouldn't have been. We had to spend millions on upgrades to meet Premier League requirements, these were purely football costs and would normally be paid for out of the £200m you get for being promoted, but the Allams loaded them on the SMC instead.
     
    #35031
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  12. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    As the obtuse one in the conversation was the one responding to me, somehow I doubt that. :)
     
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  13. DMD

    DMD Eh?
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    So City subsidised the SMC to the tune of £18,000,000 on top of paying more rent. The SMC still made a loss, so without that they'd have needed more from FC.

    Pretty much what was said from the get go.
     
    #35033
  14. Barchullona

    Barchullona Well-Known Member

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    If it doesn’t say FACT after the figure who will believe it?
     
    #35034
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  15. DMD

    DMD Eh?
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    Given he thinks the rates pay for the upkeep of the stadium, I think I did right to leave him to it.
     
    #35035
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  16. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Perhaps upkeep was the wrong word, but I was referring to the power and running water needed to keep the stadium operating. Happy to have the conversation with you but constant personal digs are really rather boring.
     
    #35036
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  17. DMD

    DMD Eh?
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    They're not digs. Even your 'clarification' shows you still don't grasp the basics. You're not really adding much to the discussion as a consequence.
     
    #35037
  18. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    As you are far more enlightened than me on the matter, perhaps you can explain to me what the money we pay to the SMC is used for then?
     
    #35038
  19. TwoWrights

    TwoWrights Well-Known Member

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    Sometimes users read things that aren't there, then they read it again and the penny drops. Others may read again and still not twig, hey ho. That is all. :emoticon-0100-smile
     
    #35039
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  20. rovertiger

    rovertiger Well-Known Member

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    :emoticon-0145-shake:emoticon-0145-shake:emoticon-0145-shake:emoticon-0145-shake:emoticon-0145-shake
     
    #35040
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