I've been out of action for a few days and I can't be arsed to read a sixteen page thread, so apologies if this has been covered, but here's an option... The council award a 999 year lease to a fans trust(we already have one set up), they retain the freehold and the stadium is secured as a community asset. The fans use their lease terms to secure a percentage of ownership of the SMC and Hull City, with a place on the board of each. New lease terms are sorted between the SMC, Hull City and Hull FC, allowing money to be generated against the value of the stadium to fund further development of the site and a 999 year lease is pretty much a freehold and would also allow the expansion of the stadium when required. The council could be offered improved terms, on the back of it's agreement to allow planning permission for the development of the areas around the ground. The council are better off, the fans are better off, the club is better off, everyone's a winner. Piece of piss.
Not wishing to sound negative but: AA, via the SMC, owns the current lease. He'd have to surrender it willingly. He doesn't do 'willingly'. Unless an exchange of money is involved. And I don't think he'd entertain fans being on the board.....
Didn't the good Doctor announce, around the time of his takeover of City, the notion of fans' involvement in ownership of the Club?......and posited the possibility of £10 tickets?
Yes I certainly remember that '£10 ticket' interview. It was pie in the sky then and it is now. And I'm sure if a fans co-op or trust, etc. can raise £10m or so (or more) he would sell a minority share that would be worth sweet FA when it comes to making decisions. AA holds all the cards - and he knows it.....
The way Community assets work best is if the council sells it to a trust. That trust can raise investment and the asset is safeguarded because as a community Asset is has to be given back to the council. The trust has to be formed with a constitution that allows for this to happen and I don't think that the trust you have in mind would. Grants are available to fund the formation of a new trust or IPS.
So basically then what happens if the worst were to happen & a £120 million loan defaulted against, the stadium can only be sold back to the council so the taxpayers of Hull have to somewhere find £120 million to buy it back ?? What then if the council cannot find £120 million ??
Correct. AA is playing the waiting game and the HCC know it. Melton will not happen anytime soon.If at all. Just a case of when Brady and the HCC start to grovel and beg AA to take it from them. HCC well is dry.!!
Allams say they saved Hull City as a gift for the city of Hull. Very nice. So how about now doing the next best thing then by handing it over to us and leaving whilst they can ?
It would be very difficult for HCC to sell the Stadium to any commercial enterprise. It could only be sold (IMO) to a community group, the land is different, but the two seem to go hand in hand.
Allam is on the record as needing the stadium to borrow £120 million against, topped up with £25 million from the sports council to pay for the "sports park/retail park" development
Oh please, 25m of sports council funding! Whole Olympic sports federations didn't get close to that in the run up for the games.
To put it another way, from a quick look at their accounts the annual output of grants (including lottery funding paid through them) is about £110M. That would mean one single development in Hull would need to gain over 20% of the funding available to every project in every sport in England.
So are we finally exhausting all of the bullshit and arriving at the fact that AA is a deluded manipulative bully.
He never said that, which is a good job, as you'd never find anyone who would value the stadium at over £20m.
I really hope the Allams get the stadium and the land around it. They can then tell the thieving pikey ****ers who run Hull Fair to ****ing do one. Or just move somewhere that doesn't inconvenience my footballing schedule. Like the North Sea.
