If it's not going back to them.....where else could it be going? Imo there is only one place and thats their pocket
I liked the one from a 'visitor' to Hull who asked why all the people over 20 stone where waddling about the city centre dressed as humbugs, and the women were even worse. Written by a E.G. Chaser.
I reckon they'll realise they made an error and invest millions in the summer to ensure we zoom straight back to the EPL.
nah - they're going to leave us exactly where they found us - tell us they tried - how it could have been so different had everyone supported them but the minority hooligans ruined it for everyone else - they weren't allowed to manage the business how they wanted - it's everyone else's fault - at least they've given it a spring clean and its now a well run club and ready for someone to take over the reins - now find a new buyer - goodbye, you're on your own, get on with it
We will have to wait until (hopefully) April/May for the Allamhouse accounts to 31 Dec 2017. That should give us a good idea of what they are doing this year. Of course, they could have put a £50m loan repayment in on 1 Jan 2018 (hopefully that would be material enough to be noted - like the repayment just after the last Hull City Tigers Ltd accounts).
The other thing is the tax benefits they have gained from being able to offset the clubs and SMC's losses. Has anyone worked out roughly what this benefit would be? I could, but I really can't be bothered.... Saxton where are you....
Cheers, not as much as I thought it would be in the grand scheme of things. I think all that shows to me is how badly they have run this business and how much more money they could have made. Their return on equity invested isn't huge given the time scales. Given the part of the economic cycle we are in, their return is quite poor. Yet some keep saying they have run this business well. They haven't they have just got lucky that football is probably benefiting from the highest inflation in the history of the game. Nothing to do with their management of the club.
Haha I didn’t notice what he was replying to I think it’d be unlikely anyone could think you thunk that!
The one think I am not clear about, and I don't know whether anyone else is, is what happened to the money they borrowed from the Australian bank. I believe, initially was said to be guaranteed by future EPL monies and the training ground, but later Ehab said that was a mistake and the training ground was not included, which for me is a very strange statement, as with banks things have to be very clear, so how could there be a mistake? So the question is, did the loan money from the Australian bank go back to Allamhouse, which is what I think happened, and then part of the future payments from the EPL, being TV money and/or Parachute payments goes back to the Australian bank?
That what I think, but I think we will know more when the net accounts are released. There is of cause in addition to this the sale of the players, and the profit made on them, so I am pretty sure the Allams have already taken back a fair chunk of their gift to the city.
