Irrelevant anyway, as he isn't selling up and won't be selling up even were we to get promoted (which realistically isn't going to happen for a while). Be told. Why continue to make stuff up and continue the unsettling narrative. Bizarre.
Let's be honest GFAW,you're no more informed than anyone else when it comes to him selling up or not? You might think he'll stay for many more years,I might think he'd **** off at the first sniff of getting out without being too badly stung?Who's right,who's wrong,only one person knows that and he doesn't post on this particular forum. As for the unsettling narrative,who's being unsettled? because it's clearly not the owner judging by his 'offering' yesterday..
You are right Ric, only one person knows .....the one who has multiple times over an extended period said he has no intention of selling including were we to go up. So in the absence of other FACTS I'll stick with that rather than people making **** up for bizarre reasons / pleasure / satisfaction only they know.
Any link to these multiple times over an extended period that he's said he's no intention of selling? Not doubting you or prolonging the debate(debate eh,doesn't seem to be much of the civilised variety when it's surrounding our current owner) but I've never read comments like that?
He has said during interviews, or at least alluded to the fact that he is fully committed to Hull City in the long term, which I guess you could read as "I don't want to sell". The issue I have with that stance is, if I'm being honest, that I don't believe him. Without investment, he cannot continue to put money into the club for us to remain competitive. We haven't had any sign of an external investor since Murat Ulker left the picture and I can't see anybody willing to put significant money into the club without gaining a controlling stake. Now, if it were the case that we were going to develop a player to sell every year to fund the club, invest in the training facilities (which, instead of pissing money up the wall on Abdus and Sinik, the transfer fees for those players could have been spent on a new training ground) and youth set up to produce that kind of talent on a yearly basis, I'd be more willing to accept that he's got a project in mind. As it stands, I just don't see any long term plan other than "I hope we get promoted at some point." All the talk about expanding the ground, developing a sports campus in West Park and link ups with foreign clubs disappeared as soon as Tan left. What happened to all of that? Was it ever seriously happening or was it just talk to impress the fans?
He said it after admitting he'd been speaking to potential investors. Cos he has no intention of selling, obviously. Around the time he said there were no financial issues. just before we got embargoed. So now it's 'continuing a narrative' is it? Before his little hiatus GFAW was accusing us of making it all up. There's some progress I suppose.
All the other clubs are in the same boat. Who's funding their loses? Before I get into the 10-year trends, it’s worth understanding the business model in the Championship, which was once again illustrated by the financial results in 2023/24. Overview The 24 clubs generated just under £1 bln of revenue (£956m to be precise) and £22m other operating income, but then paid out £1.7 bln in operating expenses, split between £892m wages, £260m player amortisation and £505m other expenses. This led to a sizeable £678m operating loss, exacerbated by £73m net interest payable, which was only partially offset by £420m profit from player sales and £17m exceptional items. As a result, the division as a whole lost £314m.
For the most part, owners who can cover those losses in a timely fashion. It's when ours can't that's the issue.
Things move quickly in business, dont they? Never know what's around the corner and who might fancy investing in Acun - seems like he knows a lot of wealthy ppl in Turkey. I see GFAW's point of view - there's a lot of negativity in the world and getting overly angry or concerned about a football clubs owners unclear finances is just adding to the world's quotient of negativity. The team, at this particular moment in time, looks in significantly better shape than most on this forum, me included, with Jim the Tiger, GFAW and a few others, as exceptions, thought a month ago. None of us know what the future holds regarding Acun.
Eh? Wtf u on about? He said he'd be open to additional investment but to retain majority ownership. Nothing about selling. Ric, he said exactly what I posted earlier right from the off when he bought us and has continued saying the same throughout. Actions also support the words. I don't understand why some people choose not to hear and see. It's utterly bizarre. Everything claiming, rumoring, sumising anything different is literally made up bs.
He also said that if you Google racism in Turkish football you won't find any. And that there are no financial problems at the club. There's only ever one reason for missed payments and at the same time looking for investment. And Acun knows as well as anyone that no-one is ever going to give him millions for absolutely zero influence at the club. Just wondering, when the 3 minute warning texts go out, will you block the number because it's an 'unsettling narrative' ?
Not sure I follow your point about new investors. If someone came in now with, say, £100m what would we do with it? Pay off Acun? The club would still owe the money, that’s just moving around the deckchairs. Splurge it on new players? Nope, we are already at our FFP limit so there isn’t an opportunity to splash out - not for a couple of years, anyway. Build a new training ground? Laudable sentiment but I can’t see a new investor finding that particularly exciting. So bluntly - why do we need a new investor? Acun would I’m sure like to share the financial load with someone else, but that doesn’t have much impact on the pitch.
It has an impact on the pitch if and when the funding dries up and the owner starts taking his money out to reduce his liability like we saw under Ehab.
If £100m came in, it would mean we could sell players like Charlie Hughes and not have to worry about signing a replacement while simultaneously having to find quality for other positions as well. Say Hughes goes for £20m in January. We then need to find a replacement who is ready for the Championship, fits the style of play we have and doesn't demand the earth in wages. That player costs say, £5m. The other £15m then goes into other costs - some of it will be wages, some of it will service debts, some will be spent on transfer fees (assuming we can spend money again by that point). With an investor on board, we don't have to worry about servicing debts from the proceeds of player sales, nor do we have to worry about funding future signings or projects. Without one, we're wholly reliant on one avenue of income outside of Acun Medya, which is selling our best players.
We would still need to regularly sell to raise FFP headroom if we wanted to invest more than an average of 13m a year (or whatever the limit is currently). I get your point about financial resilience, but whether permitted losses are funded by Acun or a potential investor it makes no difference to PSR.
