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The accounts

Discussion in 'Hull City' started by originallambrettaman, Sep 13, 2018.

  1. City Man

    City Man Well-Known Member

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    Steve Bruced forged Allam's signature on those cheques.

    Who knew?
     
    #81
  2. Obadiah

    Obadiah Well-Known Member

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    Steve Bruce didn't forge their signatures.
     
    #82
  3. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    I said companies.
     
    #83
  4. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Erm....
     
    #84
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  5. City1904

    City1904 Well-Known Member

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    That is on the assumption that Bruce spending 20m would still have seen us relegated. It might have kept us up and lead to another 100m a year coming in. You have no idea, I have no idea we are all speculating.

    Personally I would have backed Bruce to keep us up.

    On another note the value of the club. Our place in the Football League pyramid is worth a lot. We are one step away from Premier League riches, some foreign owner could easily see that as a great opportunity.
     
    #85
  6. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Yeah I made this point in the no owners thread when people carried on about what we had of value. Our place in the football pyramid is perhaps the most valuable.
     
    #86
  7. askewshair

    askewshair Well-Known Member

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    And yet Allams seem prepared to risk through not investing?
     
    #87
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  8. askewshair

    askewshair Well-Known Member

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    We're getting to the point whereby it's actually irrelevant whether they want to sell, who would want to buy? we're ****ing damaged goods. Few assets and no goodwill.
     
    #88
  9. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    When we were relegated under Bruce we had the 19th highest wage bill in the PL.
    so hardly astronomical.
    Then what you are saying is the pl Is not achievable without an owner willing to write off his own money to sustain it.
    The vast majority of those players Bruce signed made the Allams a bloody fortune.
     
    #89
  10. askewshair

    askewshair Well-Known Member

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    Bruce's relegation was an absolute freak in terms of injuries. To his credit, he never raised it. At the time, as any self respecting peripheral ex City psycho/ honorary member of the English cricket statisticians association would do, I did show that it was indeed a freak season in terms of injuries.
    At the time, it seemed many had had enough of Bruce, so not especially interested in defending him
     
    #90

  11. Amin Yapusi

    Amin Yapusi Well-Known Member

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    We had a freak season with injuries every year under Bruce, and he was always moaning about it.

    I think comments from players who moved on are the biggest clue to why we were so ****, Steve Harpers in particular.
     
    #91
  12. originallambrettaman

    originallambrettaman Mod Moderator
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    Erm what?
     
    #92
  13. John Ex Aberdeen now E.R.

    John Ex Aberdeen now E.R. Well-Known Member

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    I looked back the big push was Bruces first season which got us promoted. Other than that looking through other clubs our wage bill was at the lower end of the league table.

    Championship 2012-13 - Wages 152% of Turnover - Loss before tax £(25)M
    EPL 2013-14 - " 51% " - Loss " £ ( 9)M
    EPL 2014-15 - " 67% " - Profit " £ 12M
    Championship 2015-16 - " 72% " Loss " £ (20) M
    EPL 2016-17 - " 52% " Loss " £ (36)M
     
    #93
  14. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    <doh>
     
    #94
  15. originallambrettaman

    originallambrettaman Mod Moderator
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    We really need the CI ****er emoji on here...
     
    #95
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  16. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    The SMC owes City 13m. You said they owe nothing.
     
    #96
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  17. City Man

    City Man Well-Known Member

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    In 2014/2015, Snodgrass got knackered in his first game at DQPR - out for well over a year, all the silly ****s on here saying his career was over, he would never play again etc

    We would be relegated by the time he played again, halfway through the following season in the Championship.

    Similar with Diame, scored on his debut v WHU, the soon after out for many months with a long term injury. Again we were relegated by the time he played again.
     
    #97
    Last edited: Sep 15, 2018
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  18. Obadiah

    Obadiah Well-Known Member

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    When Ehab said no we had just been relegated and he was planning on borrowing £20 million from a bank to pay for the second promotion push under Bruce. If Ehab had said yes we'd have had to borrow extra money from the bank to pay the transfer fees and wages.

    I wouldn't have backed Bruce to have kept us up but it would have put us even further in hock to the bank or banks. As you say we are just speculating.
     
    #98
  19. Obadiah

    Obadiah Well-Known Member

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    I would say the fees we received for Maguire and Robertson were hardly a bloody fortune. The Allams insistence that we only offer fairly short contracts meant that Leicester and Liverpool got absolute bargains. especially as we had to sell.

    The accounts show that we couldn't afford to sustain the wages we were paying, including the relegation clauses) without borrowing more money so we had to sell. To have kept Maquire, Robertson, Snodgrass, Clucas, etc we'd have had to borrow millions from the bank. The Premier League is achievable without breaking the bank as Burnley have shown. How long they'll stay there is another matter.
     
    #99
  20. City Man

    City Man Well-Known Member

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    Interesting.

    So the Allams were not as attentive as they should have been when giving contracts to new players.
     
    #100

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