Of course.



Cost was originally estimated at a total of £6.5million with anticipated split of £4.2million from Hull City Council via prudential borrowing and £2.3million from European Regional Development Fund (ERDF). Of the total cost of £6.5m, the stand, ineligible for ERDF funding, quoted as £1,857,360. Rovers to pay this back to the council, with the other occupants, i think these were Hull Training and another Enterprise support entity, paying the balance. This was on the basis of the original submission though. We then learnt that the costs had increased to £8m I think. The Council underwrote the whole lot in case of default by any of the parties involved.

That doesn't answer my question. Who are the partners, and what is the breakdown of the mortgage between all involved? Is £2M Rovers share?. What are the repayment terms?

Been told that this is true. Can't see it myself

It pretty much does. The council have taken out the loan. Three parties will pay them back; Rovers, who will pay be cost of the stand, quoted as £1.9m, plus interest. Hull Training and an undetermined enterprise support entity will repay the balance. The specific terms have not been published as far as I'm aware but typically are over 30 years at a rate of interest around 3%.

Hull Training are a Council run organisation that's pretty much non-income making. They train underprivileged kids for work. Some of the training facilities cater for the public and a small amount of income is generated from these outlets. Essentially, Hull City Council will be paying Hull Training's share of the loan.



So that's Hull City Council, Rovers, Hull City Council and the other Enterprise support facility paying back the £2M-ish. Anyone know what the latter is, or is it really Hull City Council again?

That's my take on it.

I've only heard the rumour that you've just started.

You should try the other board. They were saying yesterday it was "all over the city". This is not a rumour of [umy[/u making, cockle.

Ah. You're not an Unofficial board affiliate, then? More fool you. Marvin said it was all over the city 26 hours ago. I'd join, if I were you.

No ta, there's enough Bollox to read on here lol

If its "all over the city" I must live a sheltered life!



Have the Chillean Miners got out yet?

No, but Spandau Ballet have reformed. Good times.

Surprised the Mods haven't decided to 'Cut a long story short' here!

True