Yes, there were grants but these must de-preciate with the time the ground stands. 42 mill approx the council spent, the ground cost approx 44 mill , so the grants must have only been around the 2 mill mark? Not a mega amount.
Have you seen an actual breakdown of what the council spent.....often in these situations the figure quoted is after the receipt of grants etc as the grants are actually applied for by the council & included in the total expenditure Assem was talking about £20 million plus in grants toward the build of a new stadium at Melton
And he is a believable gentleman is he not? I have learned that he is not altogether truthful over time. I think the Melton project was hot air to try and ruffle the Council. Let's see what happens in the not too distant future. The new owners are developers, so lets see what they do and what their intentions are.
As I said there are lots of assumptions.....being developers in China does not preclude the possibility that they simply like the idea of owning a Premiership football club......it no way guarantees that they are interested in any development of the stadium or surrounding area
I cannot help wondering how many of those wishing to see the sale of the KCOM to our new owners were in fact the same ones who wanted the council to let Assem have the place as well.... I'd hate to see what a mess we would be in now if that had happened All hail the new Chinese messiahs.......like people were saying all hail our new Egyptian messiahs Let us judge then by their actions rather than a blind faith that they are going to be so much better than the Allams
The council provided most of the funds, more than £42 million, with the rest stemming from government single regeneration budget grants and from the Football Stadium Improvement Fund
I do wonder about this. I am certainly not an Allam Acolyte, but I have always thought it was the unfounded belief of the Allams, that they would acquire the ground, that fired their mindless vindictive actions. Especially this point you make: "I'd hate to see what a mess we would be in now if that had happened" Would we have been in a mess had they have been given ownership in some way or another?
Pretty boring anti RL thread. We've had these before and will again especially with tubbycityman and Happy on the forum. Move along chaps.!!
Our potential new owners built several underground shopping malls in bunkers obtained on a 20 year lease from the Chinese government. Hull City Tigers Limited has lent the SMC over £9 million because it isn't financially viable. That's on top of the £4 million rent Hull City Tigers Limited pays each year. The stadium is aging and the repairs and renewals cost will be going up rather than down. It is in the interests of the Chinese to hand the thing back to the council and pay something closer to £2 or £3 million rent a year. The council would then be solely responsible for keeping the stadium ship shape and Hull City Tigers Limited would be £3 or £4 million a year better off..
You're forever posting utterly bizarre stuff like this, why would the council agree to do something that would cost them millions every year with no benefit?
It gives them the land back. It allows them to build the Ice Arena and the Olympic size swimming pool they've been talking about, along with expanding the stadium. They would benefit from the businesses that would be attracted to the KC. They would also get the Airco Arena back.
They don't want the Airco back any more than they want the KCOM back and there's nowhere to put an Olympic size swimming pool or Ice Arena on the existing site.
Hull City Council aren't restricted to the existing site. They offered Assem Allam a joint venture to develop a sports village, which included an Olympic size swimming pool, so they were prepared to consider developing the area.
The Egyptian messiahs who delivered Premiership football, twice, and then said they couldn't take the club any further ? On the field they delivered, off the field they didn't. So we move on but from a much better place then we were in before they came. Messiahs eh ? If the council had of sold or worked with the Allams over the ownership of the stadium we may or may not have seen some developments over the past four years, we certainly haven't seen anything development wise from HCC and I don't think we ever will.
They've been 'building' an Olympic sized swimming pool all my life, and they still haven't got the plans off the drawing board.
