Hull City council have earned less than £50,000 from the running of the KC Stadium in the last 12 years, new figures have revealed.
The stadium opened back in 2002 under a profit-sharing agreement after the council helped fund the new venue for Hull City Football Club.
The Super Stadium Management Company, who handle the day-to-day running of the KC, are supposed to submit 5 per cent of any profits up to £1million to the council, and a further 7.5 per cent of income up to £1.5million and 10 per cent of any beyond £10million.
However, a report that is to be laid before the council states that they have received just £49,672 since the stadium opened.
The KC opened its doors in 2002 after Hull City moved from their long-term Boothferry Park home, where they now ground-share with rugby league outfit Hull FC.
Posted on 10/12/2014