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City's/Allams' Financial Situation

Discussion in 'Hull City' started by Dr.Stanley O'Google, HCFC, Sep 2, 2015.

  1. Dr.Stanley O'Google, HCFC

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

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    There are many on here who will know much that I don't know, but:

    If City spent £1.7m (?) on Diomande, £1.5m (?) on Odubajo, minor loan fees on Akpom and Hayden, but not a lot in total...

    ...and then we got £8m for Chester, £7.5m for Brady, £4m for Ince and £3.5m for Jelavic...

    There's a big difference there. What happens to it? Repayment on Allams' loan/s? Getting into line over FFP?

    Or both at the same time?
     
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  2. Amin Arrears

    Amin Arrears Well-Known Member

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    The truth is no one on here can answer that question.
     
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  3. Steven Toast

    Steven Toast Well-Known Member

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    We spent roughly £8.2m on the five permanent transfers we brought in and made just under £25m on sales. Of course, we'll also have cleared a large chunk of the wage budget from the sales of some of the bigger names, as well as the other rudimentary players. I'd imagine a lot of the money was reclaimed by the Allams, £16.8m is a decent amount of money for them to get back and it's probably safe to assume there'll be a couple more leaving in January.

    The trick for the Allams now is to get the balancing act right and ensure we don't lose too much quality that we endanger our chances of going up for next season's massive pay out, while also keeping money available in case we need to strengthen in January.

    The money we've brought in will, as you say, go a decent way to helping our FFP but if I recall rightly we weren't anywhere near breaching it this year.
     
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  4. originallambrettaman

    originallambrettaman Mod Moderator
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    Though we cleared something like £17m on this seasons transfer dealings, there are still a lot of staged payment to cough up for Hernandez, Livermore, Snodgrass etc, so it's not all clear money, I suspect the Allams will pay down something like £10m of the debt.
     
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  5. portsmouth40

    portsmouth40 Member

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    We got 2m for Jelavic plus another 1m in possible add ons. Just a small point.
     
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  6. Craigo

    Craigo Well-Known Member

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    Can anyone explain how parachute payments fit in with this.
     
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  7. originallambrettaman

    originallambrettaman Mod Moderator
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    They cover our wage bill, but that's about it.
     
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  8. Craigo

    Craigo Well-Known Member

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    So am I right in thinking that as well as money saved in actual wages by selling a chunk of our squad the equivalent chunk of the parachute payment the club allocated for those players has also been saved?
    Obviously we have also signed a few, but I expect their added wages will be far less than those now off the bill.
     
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  9. The FRENCH TICKLER

    The FRENCH TICKLER Well-Known Member

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    We don't have to pay anymore for Snodgrass. The outstanding amount was part of the Brady deal.

    But the summer has ended much better than many thought it would. The club is in a healthy position all things considered.
     
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  10. CANADATIGER

    CANADATIGER Well-Known Member

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    OLM have you any idea what level of wages Maloney, Odubajo, and Diomande are on. I assume Clucas is not very high.
     
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  11. The FRENCH TICKLER

    The FRENCH TICKLER Well-Known Member

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    Did we ? Reports down south say it was more with add ons.

    I wonder if the extra 2 year option will be used on Jelavic by the Hammers ? I expect him to be gone after 2 years.
     
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  12. originallambrettaman

    originallambrettaman Mod Moderator
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    It still comes out of the money we've just taken in.
     
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  13. originallambrettaman

    originallambrettaman Mod Moderator
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    The players we've got rid of were to get the wage bill down to a level covered by the parachute payments, before the sales and wage reductions it was almost double.

    One Tickles would be proud of, a kid on Facebook last week thought they were called Power Shoot payments.
     
    #13
  14. originallambrettaman

    originallambrettaman Mod Moderator
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    I've no idea, I suspect Maloney is on a decent wedge, but the others probably aren't on a fortune.
     
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  15. Happy Tiger

    Happy Tiger Well-Known Member

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    But I bet it doesn't stop a few doing exactly that.

    In huge long posts.

    With 100% conviction.

    Some will believe them too.
     
    #15
    Mr. Hat 6.3 recurring likes this.
  16. spesupersydera

    spesupersydera Well-Known Member

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    ^^ FACT!
     
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