'....the intention is for Hull City Tigers to return to the Premier League.' Don't these two silly ****s ever give it a rest?
"The directors ensure that the Team is capable of performing at a high level by investing in quality management, coaches and players". Corporate babble-speak. Define "capable", define "high level", define "quality".
Kevin Stewart - Midfield - Liverpool (undisclosed- believed to be £4m) Ondrej Mazuch - Centre Back - Sparta Prague (undisclosed- believed to be £700k) Stephen Kingsley - Left Back - Swansea (undisclosed- believed to be £2-3m). Jon Toral - Attacking midfielder - Arsenal - (undisclosed - believed to be £3m) Nouha Dicko - Striker - Wolves (undisclosed- believed to be £3.5m) Jackson Irvine - Attacking Midfield - Burton Albion (undisclosed- believed to be £2m) Angus MacDonald - Centre Back - Barnsley - £700k
Yeah but out of those undisclosed it’s hard to believe that the “believed to be” prices are anywahere near what we paid based on the respective abilities of the players. Kevin Stewart being a fine example. In all honesty I don’t really know how accounts work. But if they were to say we spent X million on players, then all the fees were undisclosed doesn’t that make it easier for them to fudge the figures?
You can't just make **** up, the player purchases have to be genuine amounts, if they're checked they'll have to prove it's what was paid. They could throw agents fees in to the mix to bump them up a bit, but they can't just make the numbers up.
It's really quite worrying, seeing these figures and having a wage bill around 55% of turnover, can you imagine if the Allams are still here next season, with the revenue generated with the attendances, God only knows what players we would be making up a team! The short-sightedness of them driving down attendances is really beyond stupidity.
A club losing c£90k per week, parachute payments about to end, only £3m cash in hand, plus c£15m outstanding balance on player sales, the valuation will fall sharply as stated. Also if the outstanding balance of transfer fees along with the final parachute payment simply pays down the current debt, then the debt say post January 2019 will still be c£38m! With cock up after cock up on the commercial side, reducing attendances, etc. the value will continue to fall throughout this season. If the Allams genuinely want to recover their investment, the best time for them to exit will sometime this season! With player sales income markedly down this season, the value of the remaining player asset being significantly further reduced, as it stands it would take a mad man to acquire the club for any figure approaching the c£38m debt that may remain come Jan 2019 onwards.
I think the problem with that plan is the money the club still owes to Allam House. They'd jump of the plane and deploy an anvil Looney Tunes style.
Player sales are generally over the length of contract so on average 3 years If this is the case we’ll still be getting another payment this season for Snodgrass and Livermore plus maybe Diame. They two years of Maguire, Robertson, Clucas etc Wonder what the wage bill is this season with the likes of the above three plus Thudd, Meyler, Elmo and Davies off the books It’ll certainly be lower that £31m by a reasonable amount
The problem with the accounts is they are only an account of the accounts, not holding to account those who are truly accountable for the mess we are in ...
If the debt is now £63m, is it fair to say that (having little in the way of knowledge about how this works) that is the price of the club?
No the price has to be much more than that. There's the debt, then the assets (players, office furniture, photocopier, fax machine (broken) and a few cars then there's a goodwill / potential earnings amount which is difficult to quantify. Somewhere around 100 million would be a good guess. Although in reality I would say about 25 million now and getting less as time goes by.
