SOme people on here sometimes, what a joke. Spouting off about mid table position, lose a couple then its relegation. Last time I looked we are a point of 11th or something like that.
We've got £75m secured against something and a field in Cottingham and a leased shop wouldn't cover £1m of it. The club really doesn't have any assets, there some value in the players and there's obviously the Sky money, but that's already accounted for in wages and we don't come close to covering the amount owed. I haven't got a copy of the accounts to hand, but I seem to remember it saying they're secured against 'group assets' or something similar.
If the club went into administration the administrators fees and expenses would come before any payment to Allamhouse. The administrator's costs for looking after Portsmouth was over £4 million according to Accountancy Age. I can't see Assem Allam spending £4 million to sell the club when he could do it himself for a lot less cost. Whilst the club is in administration Assem Allam would have to deal with the players' wages. If he doesn't pay the full amount the football creditors build up and must be paid, most probably from any Premier League monies. Finally you'd end up with the 10 point deduction and certain relegation. Do you really think the owner of our club would do that?
I've not seen the latest accounts in all honesty but the last lot I saw only had charges over the club assets. It makes no sense to me though. If allamhouse wants it's money back it would take the assets of Allam marine? Unless we have external loans that have been secured against the group assets?
Assem Allam will not just simply put the club into administration. He could simply stop funding any investment and make the club stand on its own two feet. He could personally walk away and leave the running of the club to others, without putting in any more of the money that he sees as belonging to him. Much was made of his personal wealth. Who knows what the mechanics of the investment actually are. Assem Allam wanted the supporters trust to become the vehicle to deliver the KC to the club. He did not want to deal directly with HCC, but he would have worked in partnership with a supporters trust to get the KC turned into a Community Asset. That is how councils can sell properties at below market values in order to preserve them for future use. It fine until the EU pokes its nose in. As for developing the KC and surrounds, that's fine, but it will never work in the time frame that the club would need. Have a look around Hull, there is better development land available, with better infrastructure and at a lower development cost, in fact there is a surplus of land available. We don't fill the KC for half of the PL matches played so how will an extension bring in revenue? We could build for the future, butbthatnis based on a continuation of PL success. The CTWD group have set out to develop into a supporters trust, based on a conversation with Assem Allam that has since become overtaken by the name change debate. The development plans are based on the assumptions of pre name change models. Talking to the council about developing the KC whilst you do not have a dialogue with the owner, I'm sorry but how does that work. Why didn't you do all of this when the club was faced with administration? You where all around the scene, the Tigers co op was well established and the Internet was active. How many where in the OSC at that time? You could have had it all for a tenth of what it would cost now. The difference is that you didn't think that the club was worth investing in. The Tiger co op may well be one of the founding members of supporters direct, but what impact has it had? How many members remain? 1600 members of CTWD paid £2 just how many will invest in a CTWD led trust? I'm sorry put something is not right with what is being posted on here, garden path springs to mind. Sitting back for years doing nowt and then when the club is in the PL, it's lets do this lets do that, where have you all been when you where needed?
Not filling the KC and not selling all the available tickets for home fans are two different things. Something which previously only seemed to baffle that intellectual powerhouse Terry Geraghty.
How many matches since the KC has been built have all of the available seats for home fans been sold? Is the number of season passes sold increasing every season? Come on post a decent response.
I agree with this. Has the loan been paid in cash by Allamhouse or has Allamhouse secured an external loan against Allamhouse's assets. Or does Allamhouse hold a floating charge over City's assets (which are obviously nowhere near the value of the outstanding loan but give them first dibs on what there is)?
On quite a number of occasions. Even in the bottom division people were turned away against Swansea despite it being 2,000 short of a capacity crowd due to the poor design of the KC and the ineptitude of the SAG and police in being able to deal with things in what was the newest stadium in the country at the time. Wehave continued to lose a larger proportion of capacity to segregation than any other ground since. Take away the away fans from the figures and although the attendance was lower there were 1,000 more City fans in the KC against Fulham than there was against Man Utd.
We're a big City with a huge catchment area and there's only one club for miles in any direction. We should be able to find 40,000 fans at least. Look at Sunderland. They've got a bigger club on their doorstep, come from a smaller town than us and still get 40,000. For some reason we don't seem to want new fans.
The problem is that the home crowd isn't at full capacity every match and posters on here have regularly posted that tickets are being given away in the North Stand. ManU was after all a Boxing Day fixture and early kick off. I am not saying that City could never fill a new stand, just that it would not happen enough times to justify the investment. The rules on segregation are pathetic and I don't agree with them. What's the point when they let away fans sit in the home stands.
