McKay slams Knights over stadium rent

[Alex28]

There is still a court process to deal with that if compensation can't be reached to the satisfaction of the Knights guys...

But fair enough, if the Knights want to use it as leverage for getting money from HV, then you can't be critical of HV using their own leverage of sending a bill wanting their money with the threat of keeping the Knights using the stadium either.

It works both ways right?

Still no mention from everyone as to why there wasn't a set compensation agreement before work commenced.

Still no recognition that compensation from 2009 shouldn't have anything to do really with fees owed from 2008 apart from " leverage ".

Well two can play that game, and it seems to me, that both sides are as bad as the other.

It doesn't matter whether it is rent from 2008 or 2009 - if the Knights pay the rent first without sorting out the compensation matter they are essentially throwing away any bargaining power they have. Taking it to the courts could cost hundreds of thousands of dollars and take years to settle.

So you are now at least recognising that the Knights are doing the right thing in withholding the rent payment until they settle how much compensation they are owed? It mightn't be right way to do it, however it is the smart way to do it.

 

[macavity]

wait a minute.

the knights have lost income to be recieved in Sep-Dec 08.

they had earmarked that income to be spent on liabilities due dec 08.

whether a liability on the knights balance sheet is carried over to 09 is immaterial.

morons.

 

[Karmawave]

morons.

What is more moronic, is praising the Knights for playing hardball, while criticising Hunter Venues because SHOCK HORROR, they want to play hardball too!

They are BOTH as bad as one another here, and the hypocrisy and failure to recognise it will get people nowhere.

The Knights choosing to stop paying their bills is one thing, thats fine. Just don't get upset if Hunter Venues return serve and perform actions that use the exact same hardline stance relative to the options they have as well!

 

[Newie is God's Country]

Yes, I'm Phil Gould too. ;-)

Pay up knights. Ms McKay has to stop polliticising this stuff. She is just doing her job I suppose but it could be dealt with more responsibly. I am of the belief that this debt is what has caused the knight to suffer so much financial hardship for so long. Three quaters of a million in rent owed! How did they get away with that for so long? Someone has had enough clearly.

 

[Karmawave]

wait a minute.

the knights have lost income to be recieved in Sep-Dec 08.

they had earmarked that income to be spent on liabilities due dec 08.

whether a liability on the knights balance sheet is carried over to 09 is immaterial.

That would be a fantastic point if the $792,000 owed by the Knights was all accumulated in Sep-Dec08.

 

[keeney]

What is more moronic, is praising the Knights for playing hardball, while criticising Hunter Venues because SHOCK HORROR, they want to play hardball too!

They are BOTH as bad as one another here, and the hypocrisy and failure to recognise it will get people nowhere.

The Knights choosing to stop paying their bills is one thing, thats fine. Just don't get upset if Hunter Venues return serve and perform actions that use the exact same hardline stance relative to the options they have as well!

It's not the same game, HV broke an agreement to keep this whole thing confidential while negotiations were being carried out. For the most part, it looked like this was always intended to be finished amicably. The Knights offered to pay interest on the debt while this was carried out. I think the actions underpin a far more malicious intent to make the Knights look negligent as tenants and managers of the venue and wrest control of the stadium's management out of their hands, thus increasing their own profit.

 

[keeney]

That would be a fantastic point if the $792,000 owed by the Knights was all accumulated in Sep-Dec08.

Even if it wasn't it's still a debt incurred during the same calendar period as the rent?

 

[Medievalknight]

I think the actions underpin a far more malicious intent to make the Knights look negligent as tenants and managers of the venue and wrest control of the stadium's management out of their hands, thus increasing their own profit.

....Oh so true


Its more about management of the venue than arrears

 

[cram]

It I think the actions underpin a far more malicious intent to make the Knights look negligent as tenants and managers of the venue and wrest control of the stadium's management out of their hands, thus increasing their own profit.

And there in lies the agenda from day one. A broke State Government looking for $$$$ however, they can find it...

 

[macavity]

That would be a fantastic point if the $792,000 owed by the Knights was all accumulated in Sep-Dec08.

the 792k was DUE sept-dec 08. when the services to which it relate were provided is immaterial.

like HV, you are ignoring the facts.

people have been going on with BS analogies i.e. "if I didn't pay the rent I would be kicked out"

well to use an applicable analogy, this is like your boss also being your landlord, and refusing to pay you your salary whilst at the same time demanding the rent - and saying he won't pay the salary until you pay the rent....

all the Knights are asking for is for good faith negotiations to take place. good faith negotiatons, by definition, will have a workable outcome.

HV are refusing to negotiate in good faith - and morons are actually supporting that stand...

 

[macavity]

^ ban.

 

[Medievalknight]

Or a broke football club looking for a way out!

Maybe someone can piss you off to the troll dump thread :crazy:

 

[Karmawave]

all the Knights are asking for is for good faith negotiations to take place. good faith negotiatons, by definition, will have a workable outcome.

HV are refusing to negotiate in good faith - and morons are actually supporting that stand...

I know exactly what your saying Macca, however, does it occur to you that the ' good faith ' negotiations had been taking place for a lot longer than any of us realise?

After all, there has been no time given out by either party as to how long these negotiations have been taking place prior to this drama this week.

Maybe HV just got fed up with the way the Knights were negotiating?

Has there been any revelation either way that HV have NOT been already in good faith negotiations PRIOR to this breakdown?

As far as I can see, HV was in good faith negotiations, and then for whatever reason, a stalemate occurred and now this has happened...

Does it mean HV were not , at least at some stage, negotiating in good faith with the Knights?

From what I see, HV were negotiating, and then stopped.

There has to be a reason for that beyond them just being the ' bad guys ' in all of this.

 

[macavity]

HV offered 2 options, both of which would make the Knights insolvent.

the Knights opened up their books to HV, and HV, in full knowledge of the Knights financial situation, refused to contemplate any outcome other than Knights involvency.

hardly negotiating in good faith.

 

[keeney]

By definition, breaking the terms of the agreement to keep these negotiations confidential, is not negotiating in good faith.

You're being a little mulish Karma, gradually conceding to lesser points of the argument, but not the argument itself.

There has to be a reason for that beyond them just being the ' bad guys ' in all of this.

As for this, as I said before...

I think the actions underpin a far more malicious intent to make the Knights look negligent as tenants and managers of the venue and wrest control of the stadium's management out of their hands, thus increasing their own profit.

And as cram said...

And there in lies the agenda from day one. A broke State Government looking for $$$$ however, they can find it...

 

[Karmawave]

I just find it difficult to have a great deal of sympathy for the Knights situation, because I keep going back to 4, 5 , hell 10 years ago... The poor management that has put the Knights in this situation to begin with.

Do I have concern? 100% absolutely, its awful what's happening.

Do I have sympathy? No, not really at all.

And that's the crux of all the problems happening right now isn't it? The Knights flawed business model for many years that has led to the financial issues that let HV come up with ' insolvency ' as the only option.

Privatisation is the answer to everything in the end.

 

[macavity]

Privatisation is the answer to everything in the end.

you wont get any arguments here.

HOWEVER

we need to go towards this model on our terms - with our eyes open.

With the stakeholders still having a say when it comes to what makes our team - the colours, the name, and the location.

If it is a fire sale to avoid insolvency, or an administrator selling off the assets, we are screwed.

 

[Karmawave]

If it is a fire sale to avoid insolvency, or an administrator selling off the assets, we are screwed.

Yes definitely.

But then again, the failure of members and the Knights management to be proactive and explore the privatisation well before now may ultimately lead to this occurring.

We're to blame too.

 

[macavity]

I know for a fact we are definately exploring the issue, and have been since burro was appointed.

its not as easy as putting an ad in the paper mate.

 

[Dummy Spit Johns]

Maybe someone can piss you off to the troll dump thread :crazy:

Truth hurts!

Don't be so one eyed about this situation, and stopped blaming HV.
Go and knock on managements door and see why you are so far behind to start with.