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The financial history of Hull City AFC under the Allams

Discussion in 'Hull City' started by Obadiah, Oct 8, 2018.

  1. x

    x Well-Known Member

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    the allams could have been beloved legends but the lengths they went to make us despise them are astonishing. they might be moderately astute business men, but the concept of public relations is clearly anathema to them.
     
    #41
  2. Sir Cheshire Ben

    Sir Cheshire Ben Well-Known Member

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    How much has left these shores for sunnier climes?
     
    #42
  3. Dublin Tiger (with a gap)

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    Oi Driff, I know it's s while since we've communicated but of course there is lots more to say.....what about the giant hotdog they regularly give away .....er....once a year??Aaarrrvgghhh. #allamsout
     
    #43
  4. Obadiah

    Obadiah Well-Known Member

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    Given the number of foreign players we signed I'd say millions of pounds both in fees and repatriated wages.

    If you meant to ask how much have the Allams skimmed off the top, I'd say nothing.

    Spending over £600 million and leaving us bottom of the championship with a wage bill we can't afford to pay if we're relegated is more than enough for me to think they are the worst owners we've had. Add in the name change, the evictions, the Airco Arena and the petulance and it becomes totally irrelevant that they haven't ripped off the club financially.
     
    #44
  5. John Ex Aberdeen now E.R.

    John Ex Aberdeen now E.R. Well-Known Member

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    It's really interesting the figures you have highlighted, and the more we get to know and the Allam's reign unravels, it seems to me they bottled it. In the beginning it was probably necessary to overspend to get to the top flight which they did. I have always felt that after the play off win over the Wendies, that was the oportiunity to strengthen the team, which would have probably only needed 3 or 4 players, and we might well have then gone on to be a regular EPL club and profitability with the extra TV money coming in.

    But Ehab bottled it, decided that they were going to try and get out of the situation by reduced spending, trying to buy younger players that he hoped would sell on for a profit, take the parachute payments and use the U23's players.

    The result is that all that spending you have highlighted has effectively got us no where.
     
    #45
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  6. Boothferry2Wembley

    Boothferry2Wembley Well-Known Member

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    If we had lost to FC Massive that day the Allams would have had no chance of ever getting the majority of their money back and the club would of been well and truly fxxked (imo)

    Hence, operation claw back and where we are today.
     
    #46
  7. John Ex Aberdeen now E.R.

    John Ex Aberdeen now E.R. Well-Known Member

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    Exactly, as I said they bottled it, they could have invested a bit more and supported Bruce but they decided to go for claw back. It is open to debate now, if they had chosen to invest, then maybe the club would be worth a lot more than it is now. But they decided to go for claw back, and cut their losses.
     
    #47
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  8. dennisboothstash

    dennisboothstash Well-Known Member

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    It was amazing they got that second bite of the cherry, although by then I didn’t want to get promoted because I wanted us to get somewhere like where we are now with them leaving as quickly as possible

    You’re right though, Ehab bottled it
     
    #48
  9. Obadiah

    Obadiah Well-Known Member

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    3 or 4 players would have cost an extra £40 or £50 million plus wages and extras. We had creditors totalling £126 million at the end of the promotion year. We had borrowed over £20 million from the bank. At the end of the most lucrative Premier League season in history we had debts of £112 million. Without Ehab stopping Bruce's spending we'd have finished that season close to £200 million in debt most of it to people other than the Allams. Far from bottling it Ehab financially saved Hull City in my opinion.
     
    #49
  10. Boothferry2Wembley

    Boothferry2Wembley Well-Known Member

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    Far from bottling it Ehab financially saved Hull City in my opinion.

    Not yet he hasn't.
     
    #50
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  11. look_back_in_amber

    look_back_in_amber Well-Known Member

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    Whether that's true or not he and his father will be forever judged on the spiteful things that they've done, and of those there are many.
     
    #51
  12. Obadiah

    Obadiah Well-Known Member

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    Ehab should be judged on what he's done not what people think he's done. Too many people think Ehab screwed us up by not backing Bruce. The accounts show the opposite and the second season in the Premier League under Bruce shows he was right not to. The Allams have come close to destroying Hull City after spending over £600 million for that they should go down as the worst owners we've had.
     
    #52
  13. originallambrettaman

    originallambrettaman Mod Moderator
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    Running up debt isn't even in the top ten of things that make the Allams the worst owners we've had.
     
    #53
  14. Obadiah

    Obadiah Well-Known Member

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    If my memory serves me well I opposed the evictions in the East Stand (behind DMD admittedly), I opposed the evictions of the Airco users and attended the two protests held, I opposed the withdrawal of concessions and the installation of the gate to the KCOM from Argyll Street. In some of these things I was in a small minority. In the case of the name change a bigger minority, at least initially.

    Ehab has done us all a favour by stopping Bruce's spending. It means we still have a club they can sell.
     
    #54
  15. originallambrettaman

    originallambrettaman Mod Moderator
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    That's just your opinion, certainly not a fact, there was no better way to maintain club funds than remaining in the Premier League.
     
    #55
  16. Asterix

    Asterix Well-Known Member

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    Wasn't a buyer in attendance that day, for an agreed price? At the final whistle the numbers increased?
     
    #56
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  17. City1904

    City1904 Well-Known Member

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    This exactly.

    Obadiah you are speculating when you state that Ehab saved us. It could be the complete opposite, four players could have solidified our position in the Premier League and gained us millions more in I come.

    It's speculation, I would have backed Bruce to do that. You obviously don't. But let's not present either view point as fact.

    PS Great work on the finances.
     
    #57
  18. charon-the-ferryman

    charon-the-ferryman Well-Known Member

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    I wouldn't back Bruce to do anything - the Allans gave him £40 million to push on from the previous season - the **** got us relegated - once bitten twice shy - they were never going to back him again - he's just ****ed up at Villa with exactly the same kind of **** that got us relegated - yesterday's man - why on earth would anyone want him, why on earth would anyone trust him with a multi million pound transfer budget
     
    #58
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  19. Sir Cheshire Ben

    Sir Cheshire Ben Well-Known Member

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    Bruce didn’t spend anything.
     
    #59
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  20. Gone For A Walk

    Gone For A Walk Well-Known Member

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    Surely mising the point. Allams were right to stop supporting Bruce..... but the mistake was how they handled his leaving and what followed. Thats what did for us. Utter incompetence, arrogance, spite, ****ishness.
     
    #60
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