They are the bank loans repayable within one year. There's another £2,250,000 repayable after one year.
The old man may claim to know nothing about football but he is an accountant so knows a fair bit about money. Buying out the company you work for, running it for a bit before closing it and then buying all it's assets with another company you own shows he can be a shrewed operator. Forgot, What's Ehabs education? already asked google but this time it didn't have an answer.
That's what I was saying earlier. There was £10m of directors loans in 2018 accounts and £31m of trade creditors in 2019 which are not loans. Hull City Tigers have a £50m loan at 30/06/19 but it's owed to a group undertaking but not Allamhouse. Aaaaah, Note 11 in Allamhouse accounts show an investment in subsidiaries (most likely Allam Marine Ltd) £50m loan at 31/12/18 and £42m loan at 31/12/19. So the loan is internal.
Look beyond Wiki and the general gossip and you might see something like this abridged version of events. The son of Len Langton “Rob Langton” started his own ship repair company sometime in the late 1980’s I believe? It is called Mobile Marine Services. I met him when I was aged 28 working for his dad at Ruscadors in 1983 - the dry dock on the pier. The local shipbuilders theory on why Ruscador went bust under Allam, is simply because Len Langton drove the workers very hard. He would shout and swear if you stood around and everyone feared his wrath. He was an expert and you could not drag out your work to make it easy for yourself. However, once Allam took over with no knowledge of ship repair, the men were able to relax to an easy pace and the company’s profits dropped. Workers would tell me “it’s like working at Butlins now” Odd isn’t it. The Son on the previous owner of a business says it went bust because of the workers taking advantage. I am not a supporter of Assam Allam, just the truth is sometimes different to the history written by others.
So which bits of my very abridged version of events are not true? He worked there, he bought it, he closed it down, another company he owned bought the assets.
McCant’s brief at the beginning of the season from Mighty Mouse was to smash as many records as possible. Job done!
Hull FC bought it according to the contractors who built the new indoor training facilities - ‘The club acquired the former Ideal Standard Social Club in Hull and our task was to create an elite performance centre for Hull FC players‘.
please log in to view this image i managed to get a copy of Ehabs dissertation - apparently he managed to get two stuck up his nostrils because he didn't understand the question
It is rented to FC, Hull City own it. I ask because I've heard from a couple of people who own property backing onto it that it has or is to be sold for housing. This could also be tickle tackle.
