I don't see the logic on what you are saying that they could pull their money out. What they put in, which was reported to be 30 million cash and £10 million loan, this was all eaten up with paying off the banks and the transfer fees that had been outstanding by the last lot, with some left for day to day running of the club. In order for them to pull their money out, they would have to sell the club as a going concern, which might be to a perfectly good new owner, or would have to sell the whole team, as basically the only assets are the players. Even if they sold the whole squad, I would not think that would cover anywhere near what they have put in so far. So there does not seem to be any sense in what you are concerned about.
You kinda answered your own question there, Patty. Why would somebody plough £50m into a football club knowing full well he wouldn't see it again for a very long time (if ever)? Answer, because they love it. If I had the Allam's money at a time when our club was in financial need, I'd be straight in to save something that means so much to a city that has provided for me. The Allams might not know much about football, but that what AP is here for. They came in to stop us going bankrupt and have done just that. There's nothing sinister about it, they aren't trying to shaft us financially, they just ****ing love Hull (Perhaps that's where your suspicion arose)!
Castle Hill is a hospital in Cottingham and Assem is a trustee of The Daisy Appeal Charity which is based there, he said he wanted to repay the area for his success and has so far raised £8m to fund research into cancer and heart disease. There's a money raising angle in there somewhere, I just haven't figured it out yet.
No **** Sherlock. I'd stop digging if I was you, there was no financial sense to the deal they did, but they did it anyway. Even a sheep could figure that one out.
21 posts of venality from you...... wow, patty! The thing is CynicNChips, Mr Allam Snr has "done his business" and is looking forward probably to a long retirement, and is spreading the success. If his son carries on as Chairman (in say 5 years time) at City, when papa steps down down, lets hope they are both made of the same stuff eh.There.....that gives you another thread of cynism to gnaw away at.
Compared to Lloyd and Bartlett he is the owner which every club would want. Look at Venkys at Blackburn as how not to run a club. I can see why some people are dubious of owners of Hull considering Lloyd and Bartlett - but Papa has said there will be money in the transfer window to spend (so obviously that is without selling anyone - as why quote a ball park figure if you don't know what you would get in selling a player). Papa Allam seems to be one of those rare characters who having made money from a particular industry in a particular area is interested in investing in projects in the area. I honestly can see the allam family owning Hull for decades. If anyone from the club are reading this I hope they convey to the Allams how much the fans love the family and thank you for not being like so many other owners by caring for the club deep down and also for investing in other projects in the hull area (lets not forget bartlett was a west ham season ticket holder - as one awful previous owner)
I think you've maybe been in Texas too long. As has Patrick, who is my new Texas based pen pal @LoveGod50
Al-Fayed is a very successful business man I can’t see him getting a return on his millions he has pumped into Fulham
Sadly a case of judging by your own criteria Patty. Just because you wouldn't do anything for someone else without a return you assume no one else would. OLM said he wouldn't lend you money. I'm the opposite, I would never accept anything from you, I'd always be worried about what you would want in return. Guess that attitude puts you and the Allams in different camps. Seems to me I'd rather be in theirs. Presume you only give to charities if you think there will be a "return" in it for you. Can I suggest MIND. In the meantime everyone who is treated at Castle Hill can repay the Allams. From what I've seen I suspect saying "Thank You" will cover it.
It was only £157m, he's apparently looking at increasing hot dog sales to garner a return on his investment.
Just for you Patty:- 1. Sir Tom Hunter Wealth: £1.06bn. Donations: More than £1.01bn. Causes: The Hunter Foundation, Scottish educational programmesand overseas youth projects. Pledging to donate more than £1bn to good causes is an unusually mammoth vow, even for the richest man in Scotland. But Sir Tom Hunter is no ordinary philanthropist and the tremors his enormous commitment made last year are still being felt. Sir Tom made his fortune from his sports retail chain Sports Division, which he sold to JJB Sports in the 1990s. The venture capitalist then turned venture philanthropist. Over the next few years, he and his wife plan to give away the majority of the profits from their private equity vehicle West Coast Capital, which invests in such high street retailing giants as BHS and Office. The couple have already donated in excess of £100m to their charity, the Hunter Foundation, over the past 10 years. 2. Christopher Hohn Wealth: £110m. Donations: £236.8m. Causes: £2.9m to the Clinton Foundation for the treatment of HIV/Aids orphans in Malawi, emergency aid to places such as Darfur. Mr Hohn and his wife, Jamie Cooper-Hohn, set up the Children's Investment Fund Foundation five years ago and have donated more than £800m to the fund. Mrs Cooper-Hohn heavily researches suitable causes for the charity, and much of the money is channelled through projects in Africa. 3. Lord Sainsbury Wealth: £1.3bn. Donations: £233.8m. Causes: The Gatsby Charitable Foundation, a grant-giving organisation which supports education, medicine, science and the arts. He may be from the family which brought us a supermarket, but David Sainsbury's activities do not stop there. He handed out one of the largest donations ever made to a British university this year. The £82m sum will fund 120 scientists to work at a research facility at Cambridge.
Oh, and just in case you single cell brain doesn't recognise any of the above - try:- 23. Ole Gunnar Solskjaer Wealth: Undisclosed. Donations: £2m. Causes: Unicef, youth education. Manchester United's "baby-faced assassin" is almost as well known for charity work as he is for last-minute goals. Although injury forced him to retire last year, he did pull on the red shirt again in August for a testimonial match in his honour against Spanish club Espanyol. He has pledged to donate most of his £2m fee to the United Nations Children's Fund, for which he is Norwegian ambassador.
I'm fortunate enough to know Tom Hunter quite well, he's the most humble, unassuming and generous bloke I've ever met.
Whilst we are all repeating ourselves can I repeat Tosser! He does seem to have an unnatural and obsessive interest in sheep. You don't supose he was the guy caught shagging the goat a couple of years ago, do you?
Good point! We would all have to bow down to Patty, the new Messiah! A great prophet! Untill then .................Tosser
