New owner confirmed…

  • Please bear with us on the new site integration and fixing any known bugs over the coming days. If you can not log in please try resetting your password and check your spam box. If you have tried these steps and are still struggling email [email protected] with your username/registered email address
  • Log in now to remove adverts - no adverts at all to registered members!
balkan tiger said:
The SMC is the bit that should be making money, It was given a brand new stadium ( I know not to the Allams ) with only the upkeep to pay. A football club and a rugby club as tenants who should have been made to pay the going rate for rent. The potential to hold other events within the stadium, smaller events in the back rooms and then there is the Airco arena.
Click to expand...

Yet Pearson couldn't make a profit from external events when it was brand new and now there's getting on for 20 years maintenance required....

Which Pearson wants the football club to pay for.
 
Mckechnie Orange said:
Yet Pearson couldn't make a profit from external events when it was brand new and now there's getting on for 20 years maintenance required....

Which Pearson wants the football club to pay for.
Click to expand...

The SMC pretty much broke even when AP ran it, it's only been under the Allams that it's made big losses and he wants the SMC to pay to maintain it, as that's primarily what the SMC is there for and it's what it did when he ran it.
 
  • Like
Reactions: Large Elephant, TwoWrights and balkan tiger
tigermaul said:
But didn’t one of the other prospective sales fall through after the Allams asked for extra dosh for the SMC at the last moment?
Click to expand...

That never got to the point where heads of terms were agreed and Grieve never even showed proof of funds. Nor did he buy another club.

They Yongges deal is the only one that's got to this stage, and was rejected by the premier league after the Allams had cleared their desks.
 
  • Like
Reactions: Howdentiger2
originallambrettaman said:
The SMC pretty much broke even when AP ran it, it's only been under the Allams that it's made big losses and he wants the SMC to pay to maintain it, as that's primarily what the SMC is there for and it's what it did when he ran it.
Click to expand...

When it was brand new, yeah.

So it broke even at best when new. Where does the revenue come from to maintain it?

Or did Pearson know he was always going to flip the club in the Championship so it didn't really matter?
 
highpeak tiger said:
Without new owners and new investment we are headed back into the football basement. We need this change to inject some verve, excitement and passion back into the club, both for the diehard supporter, returnees and new fans. Lets see it happen!
Click to expand...
And if the new owners don’t invest much? fans leave?
 
Don't eat kebabs miss patties a lot i bought 40 for freezer when i went to hull for day to buy them and now i have eaten the lot and ran out,so either another trip to get them or figure another way.

Chip shop in Cottenham i went to could not believe it when i ordered 40 patties and 25 scallops i had to pay up front and collect when i was going back for train.
 
  • Like
Reactions: Kempton
Stockholm Tiger said:
They run the SMC as a loss making concern as it makes sense from a tax point of view for Allam Group.
Click to expand...

Yes and no.

Any losses in any business they can offset the tax on.

Makes no difference to Allamhouse tax bill whether that's City or the SMC.

Obviously that only offsets some of the losses and is no substitute for running a business at a profit, so if its run at a loss, they still lose money.
 
You must log in or register to reply here.
Top Bottom
Back