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Ehab Allam

Discussion in 'Hull City' started by Dr.Stanley O'Google, HCFC, Feb 4, 2015.

  1. originallambrettaman

    originallambrettaman Mod Moderator
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    I can't be arsed, it's a pointless exercise, they're worth what someone's willing to pay for them, but overall I think you can pretty much double your estimates.
     
    #41
  2. HHH

    HHH Well-Known Member

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    Jesus there's some tedious speculation on this thread.

    If we go down we'll be moving players on. That's for certain. At least this time we'd have players that will hold some value and other clubs will be happy to take off our hands.
     
    #42
  3. Dr.Stanley O'Google, HCFC

    Dr.Stanley O'Google, HCFC Well-Known Member

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  4. RicardoHCAFC

    RicardoHCAFC Well-Known Member
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    I'm pretty sure the Allams have been paying the transfer fees up front (other than the likes of Quinn where they were performance related) by loaning the money in, so you can just add the Allamhouse and transfer fees together for the debt. On the expenses side, don't forget you need to include roughly 1/3 of the purchase price of the players as well for working out what our budget would be (usually the players have been on 3 year deals).
     
    #44
  5. Obadiah

    Obadiah Well-Known Member

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    The last accounts showed we owed £13.5 million in unpaid transfer fees, the bulk of that to be paid this season. I think he stopped paying for players in full in the championship.

    I haven't looked it up, but if losses on the sale of players is included in the FFP rules then we'll need a big injection of income or we have to reduce our costs even more if we sell our Premier League players at a loss.
     
    #45
  6. originallambrettaman

    originallambrettaman Mod Moderator
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    I don't there's a chance we paid up front for all our summer signings, they'll definitely be staged payments, in fact, I'm pretty sure it's been confirmed somewhere.
     
    #46
  7. RicardoHCAFC

    RicardoHCAFC Well-Known Member
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    We're even worse off than I thought we were then. I didn't even think to check for that when I was working out the implications of them changing the accounting period so I just added the July change to the figure owed to AllamHouse from the paper. So in the 11 best months of the year financially we just turned money owed to the Allams into money owed to other people (except for £3M extra that got paid to AH) and then committed another £20M in fees in month 12 (that isn't in the accounts due to the change). Well that was a good year financially then. :emoticon-0137-clapp

    They do, but it won't be in full the way people will think. Obviously with players being amortised as part of our accounts anyway it should just be profit/loss on NBV rather than the purchase price. So (for anyone we've just lost) the longer we've had the player the less of an issue selling them for less than we paid is.
     
    #47

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