Would this be the same Total Fitness that have recently gone bust???

If Hull pay £600k per year into the pot (most in super league so I believe) how much do City pay, must be over £1million?



How does the stadium lose so much money? and what is the deal with franchised food outlets, how on earth can they lose £70k per year at the rugby?



Back to my earlier post, how does Huddersfield with two teams how both have lower crowds and with my initial comment a rugby club that must pay less into the pot make £200k profit each year? Looking at the figures £400k profit each year and over £12million Net worth. Older stadium, less crowds better management?

Thats Fitness First

Yup, was just about to correct it but you'd quoted it.



apologies

city pay £1m



they don't lose £70k as such its a subsidy

we are guaranteed £70k each year as that what how much we made from in food and drink sales at boulevard and shane richardson negotiated this into our deal for the kc

Cheers Clubfoot



So per game at the KC City pay less than Hull even with bigger (inflated?) gates?



It must have been hard to set up the original agreement as both clubs were going into the unknown. With over a decade of experience and books you would think now was a sensible time to get this sorted.

Fitness First it was

FC pay around £46,100 per match (x 13) = £599300

City pay around £43,450 per match (x 23) = £999350

I'm pleased that my efforts will result in a much happier life for you. Please don't send me your dry-cleaning bills when you p *ss pants with laughing so much.

The Allams are blaming the SMC losses on a number of factors they claim were inherited from previous owners, and binding commitments that now appear to be unpalatable. Clearly, when they bought the SMC, they knew what they were buying into so there's no justification for the current wringing of hands and finger pointing.



One thing that is intriguing me, however, is the £3.5M mortgage they inherited:





What was this mortgage for, and what was it secured against? It can't have been SMC assets as they don't own any. I was talking to a Hull City fan today and he believes it was taken out to [url=http://www.cnplus.co.uk/regional-news/yorks-and-humber/new-training-ground-plan-for-hull-city/5208332.articlebuy the land at Melton for City's new training facilities[/url. And therefore would be secured against that land.



If this is the case a few questions arise:



1) If this was a mortgage for City, why is it now on the SMC books?



2) The training facility project was shelved. Was the land then sold and if so, was why wasn't the mortgage repaid?



3) The land is 93 acres south of Melton Business Park. This is the proposed site for the new stadium if the Allams shift out of the KC. [url=http://www.thisishullandeastriding.co.uk/Undefined-Headline/story-11975335-detail/story.html#axzz2LHEQcbd1This article seems to say the site wasn't bought but "remains on offer to Hull City to buy".[/url



But if the mortgage wasn't for Hull City's purposes, what has the SMC spent £3.5M on 4 years ago?

My guess is a diamond encrusted sarcophagus. And £1m to rovers

Before Allam's time. What about that "exclusive executive" room Duffen had built for him and his rich cronies' sole use? Same sort of thing, I suppose. Next to the Circle restaurant I think it was.





Still bet it's the Melton land.