Gate revenue is far more important further down the football pyramid.
I’m sure it would hurt them.
The Athletic article...
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Gate revenue is far more important further down the football pyramid.
I’m sure it would hurt them.
Like the positive Rick. But stay up. Granted its possible, but highly unlikely. Confidence is low and morale appears to be lower than a snakes bellend. We simply won't get enough points. End of.
Grieve never had real money, he had an option on a penny share account for $100m worth of shares with Mayflower in New York (at the time £84m). His business had around $3400 in its accounts six months before he tried to buy the club. All of his money would have come from shares underwritten by Mayflower, he would have bought the club with nothing left for running it or investment.
I had heard most of these stories but never knew whether they were totally true or not. The club in issuing this information and then a letter which doesn't deny what was said is really beyond belief.
This has basically now told the world what they are like, which most of us knew already, and frankly, they should be ashamed of themselves. But of cause, they won't as they live in their own bubble, which is not on this planet.
This could have a series affect on the club, as it's reputation under their watch is in the gutter.
This has basically now told the world what they are like, which most of us knew already, and frankly, they should be ashamed of themselves. But of cause, they won't as they live in their own bubble, which is not on this planet.
This could have a series affect on the club, as it's reputation under their watch is in the gutter.
I totally agree that gate money is a bigger issue in the lower leagues,that said and as already touched on earlier,it's damn nigh impossible to balance the books in League 1.So If he loses money,he'll borrow off himself again and charge interest.
The best and only way I see forward here,is for us to survive somehow and for a buyer to come forward and take a punt.Of course that's wholly dependant on Allam being realistic about the price.The next 8 games could be crucial for the Clubs future.!!
They should've sent out a completely redacted statement.
If we stay up, they will stay too.
We have to go down, for the long term good of the club.
Sorry,can't agree but each to their own.It's my opinion that going down could destroy us as a Football Club.
Do you think he would sell if we drop and do you think we'd find a buyer?I'm no different from anyone else on here,my feelings for the Allams are identical but I just think survival would be the best option for a sale.
Destroying the football club might be the only way to get rid of them.
At this moment, it is a price worth paying imo.
Nonsense Steve Bruce reached the highest heights and he had his hands tied behind his back with no investment and poor antagonising ownership.
He wasn't a high ranking investment banker, even when he worked at Goldman Sachs, he was one of 400 vice presidents and did not get a big pay off when he left. He had his own business and that was in hydroponics for cannabis farms in Nevada, he raised the initial option with Mayflower on this business, but there were delays in bringing in the laws and his business was floundering, its only assets being some of the equipment he had already purchased, but he had no one to sell it to. He was sitting on a share option, with no business to sell shares in and Hull City crossed his path, all of a sudden, this man no one had ever heard of had something to take a punt at. He had dabbled with football, built a web site for investment in Soccer (at the time there were two prospective investments doing the rounds in the USA,cannabis and soccer).
The bloke had no real money, no real experience and we would have been in the ****e. Yet everyone was blinkered by the desire to get rid of the Allams even if it meant that we would have less money as the deal with Mayflower meant that they got guaranteed dividends, I think I worked out at the time as something like $10m per year plus. The £84m would have gone straight into the Allams pockets and the club would have no money.
It didn't seem to hurt Sheffield United or Portsmouth. Each of them secured lucrative investment whilst in League One.
Going down would force the price down and provide the new owners with an effective clean slate. In terms of footballing matters, it isn't ideal, but long term a fresh start is exactly what's needed.
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Am I the only one who thinks we wont get rid until we're in administration
In an ideal world that would be the perfect remedy Steven but we're dealing with the Allams here.Would they sell at a knock down price which failed to clear the debt? The balls in his court,that's my worry.A clean slate and a fresh start would be music to all our ears but with that young egotistical,twisted twat at the helm,I think it's too much to hope for.
Too logical.
The price has nothing to do with how much we are worth, what division we are in.
It's based on how much they allege the club owes them.
I don't see a way out. They'll just keep cutting the cloth according to what division we are in. Maybe public humiliation (they've done a good job of that themselves), total boycott (unfortunately won't happen), and their business to go bust (unlikely) might do it.
another truly embarrassing day for everyone connected with hullcity time for the allams to go
Hull City make bizarre statement and accuse Athletic journalist
https://www.teamtalk.com/news/hull-city-make-bizarre-statement-and-accuse-athletic-journalist
https://www.teamtalk.com/news/hull-city-make-bizarre-statement-and-accuse-athletic-journalist