My biggest gripe about Acun is that he simultaneously wants to be involved in every facet of running the club yet also has other business commitments and seems to be increasing his commitments to other ventures by the day, including becoming involved in other clubs. If he’s acquiring Maribor as another club he owns and joining the Fenerbahçe board, I don’t see how him being really hands-on with running City will work. The day-to-day running of the club needs to be done by Tan or a Director of Football. I don’t know how he can juggle all these responsibilities without some things lacking the necessary attention.
He and the commercial team have done very well to fill the stadium again. He reminds me of Don Robinson. He, too, came along when the club was in the doldrums and support was sparse and he increased the gates simply by talking the club up and presenting a positive attitude. I don't think he invested a lot, certainly not in the stadium, which we owned, or in players, and he too sacked a manager ( Brian Horton) in similar circumstances to Acun. Robinson threw the towel in soon afterwards. Personally I don't see much actual investment in the team from Acun. The increase in gate receipts and the add on's must go some way into funding the loan players we had last season? Not forgetting £17m also came in within days of him buying the club from the sale of KLP. Of course we don't know how that money was divided, indeed, if at all? or how much reflected what Acun actually paid for the club? So for me, the real investment comes this season (hopefully) Players first, then in bricks and mortar, but for anyone to think Acun and his team are here because they suddenly fell in love with Hull City and not because they saw a huge business opportunity is extremely naive.
A football club is quite possibly the worst possible investment anyone can make, football club owners generally lose a fortune. As the old adage goes, the quickest way to become a millionaire is by starting out as a billionaire and buying a football club.
After the Bradford City fire Don had to spend hundreds of thousands on BP. Much of it was behind the scenes, rewiring and safety works etc, but the south stand terrace was completely re-concreted with new crash barriers installed. Never dull times with Dr Death though. The views expressed in my posts are not necessarily mine.
Nah, not all ....See Ken Bates for details....He bought football clubs using other peoples money ...never ever his own. ie Oldham, then Chelsea...Sold them on for lots more £££. Now lives in Monaco has a tax exile with a massive ££££ m fortune.
Grrrr bloody transfers getting in the way of buildings....so basically you're saying he shouldn't have bought anyone (the money we've wasted on transfer fees, agents fees and wages) and built a training ground for no one to train in as he didn't buy anyone?
Ken Bates..extract taken from Wiki. He spent five years as chairman of Oldham Athletic during the 1960s and also had a spell at Wigan Athletic. In 1982, he purchased Chelsea for £1. During his tenure, he helped the club win a long-running battle with property developers who were attempting to evict them from their Stamford Bridge home. By the end of his reign, Chelsea were regularly finishing in the top six of the Premier League and had won their first major trophies since the 1970s, although they had a debt burden of around £80 million.[1] In July 2003, he sold the club to Russian billionaire Roman Abramovich from whom he received approximately £18 million.[2] In January 2005, Bates bought a 50% stake in Leeds United, another club struggling under a heavy debt burden. In May 2007, Leeds entered administration, and were relegated to League One. The club regained Championship status in 2010 and, in May 2011, it was confirmed that Bates had become the sole owner. In November 2012, Bates sold his holdings in Leeds United to GFH Capital. That's the way to do it....
He paid about £10m for the club and sold it for £1, so it certainly didn’t increase his personal wealth.
