The bigger plan

[DMD]

So the next question is how much do you save if everyones salary is halfed? Not the Allams of course because they don't and never have taken a penny.

https://sillyseason.com/salary/hull-city-fc-players-salaries-101466/

 

[petersaxton]

https://sillyseason.com/salary/hull-city-fc-players-salaries-101466/

George Honeyman is a bargain

 

[originallambrettaman]

Yes, so circa £5 million less.

Apologies, I misread it and thought you meant League One TV money was £5m, though in reality the drop in TV money is closer to £6m and with attendance and sponsorship money all well down, we’re likely to see at least a 50% drop in income.

 

[SW3 Chelsea Tiger]

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stolen from FB.......it’s not all bad....

 

[Chazz Rheinhold]

George Honeyman is a bargain

No no he’s not at any price

 

[SW3 Chelsea Tiger]

https://www.hulldailymail.co.uk/sport/football/hull-city-golden-era-surrendered-4341926

 

[Baldrick's Cunning Plan]

Reality sinks in when you know the bookies have you at 1/50 to be relegated. Get ready for diversionary tactics about selling the club to take the heat off. It's now all about moving players on and making a healthy profit and that can be done from whatever league you are in.

 

[Idi Amin]

Literally bottom of the table now. That won't change next week.

 

[LeftSaidFred]

Ehab now claims that the interest goes to banks, not them, but when we met Assem, he told us he’d put his cash in, no bank borrowing.

That’s what I remember.

 

[Chazz Rheinhold]

Ehab now claims that the interest goes to banks, not them, but when we met Assem, he told us he’d put his cash in, no bank borrowing.

What does that mean if true? Can they walk away from it?

 

[Evington]

Ehab now claims that the interest goes to banks, not them, but when we met Assem, he told us he’d put his cash in, no bank borrowing.

He's a two faced lying ****. Which do you think is true olm?

 

[LeftSaidFred]

Who do you think Allamhouse borrowed the money from?

Do you know Allamhouse borrowed it? Or did they have cash in hand? Genuine question.

Even if they did borrow it they would have added a margin to the interest rate charged.

 

[petersaxton]

Do you know Allamhouse borrowed it? Or did they have cash in hand? Genuine question.

Even if they did borrow it they would have added a margin to the interest rate charged.

There was cash and there were bank borrowings.
That's just speculation.

 

[originallambrettaman]

What does that mean if true? Can they walk away from it?

Even if they did borrow the money, they couldn’t walk away without knackering Allamhouse in the process.

 

[originallambrettaman]

He's a two faced lying ****. Which do you think is true olm?

I don’t believe either, so I’ve no idea which is true.

 

[petersaxton]

At 31/12/19 there's about £3m of bank loans and £31m of "trade creditors" so that doesnt seem much borrowed from the bank.
There was £10m of director's loans at 31/12/18 charging 4% interest but it had been paid back by 31/12/19.
It doesnt make sense. There's no substantial borrowings at 31/12/19.

 

[Large Elephant]

Ehab now claims that the interest goes to banks, not them, but when we met Assem, he told us he’d put his cash in, no bank borrowing.

We have a weird situation here then don't we? I mean they are both proven liars - but surely if they are contradicting each other we have a situation where one is actually telling the truth (albeit probably by accident).

 

[Tigerned]

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stolen from FB.......it’s not all bad....

Its actually better for me to get to away games in League 1 but I'd obviously much rather be in the Championship

 

[petersaxton]

Here's the accounts for 2019

 

[originallambrettaman]

The Allamhouse accounts only show £900k in bank loans, so it looks like it’s Ehab who’s lying on this occasion.