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Hull City Accounts 2019/20

Discussion in 'Hull City' started by originallambrettaman, Oct 9, 2020.

  1. Kempton

    Kempton Well-Known Member

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    M
    Mason would have been a very good player for us though. **** happens.
     
    #41
    Last edited: Oct 9, 2020
  2. rovertiger

    rovertiger Well-Known Member

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    #42
  3. HullPhil

    HullPhil Well-Known Member

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    When they cleared the original debt, I recall Assam on the radio saying once he'd got his hands on City's books, the debt was much bigger than was originally suggested to him when he started negotiations.
    As far as paying himself back, his "gift" with the income over the subsequent seasons to clear the debt, then would they have been able to - and still invest in the players identified by the managers etc?
    I've often thought that PL promotion sounds great, £100m+ guaranteed etc, but the reality is often that unless you wanna do a Norwich and not spend on new players, then their costs are same as the income. There is also the fact that the £100m comes in installments, so costs are more than income initially, which needs cash flowing. Great if you get three full season on the trot, but if you get relegated, then promoted again, you lose some players, then buy again when promoted.
     
    #43
  4. originallambrettaman

    originallambrettaman Mod Moderator
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    Burnley have managed to stay in the Premier League for five years, while remaining debt free and building a state of the art training facility, it's obviously possible.
     
    #44
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  5. tigerscanada

    tigerscanada Well-Known Member

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    Did Assam discover that fact during due diligence or after he signed an agreement of purchase ?
     
    #45
  6. Godrevy Buoy

    Godrevy Buoy Well-Known Member

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    Anyone who believes a word Papa says must have been bitten by a mad monkey. The company are doing very nicely from their ‘gift’.
     
    #46
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  7. askewshair

    askewshair Well-Known Member

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    Earlier this year, it was announced that we were the fifth most profitable club last year (in the whole league). Where is that reflected in the accounts?
     
    #47
  8. charon-the-ferryman

    charon-the-ferryman Well-Known Member

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    he didn't do any due diligence - he was under the impression the debt was about £30 million - he later estimated it was about £40 million - something to do with money lent against the stadium
     
    #48
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  9. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    Different clubs different situations. they already had a go a few times and were sensible back then was it under Coyle?
     
    #49
  10. Erik

    Erik Well-Known Member

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    Not enough.

    ****ing ****s.
     
    #50
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  11. Gone For A Walk

    Gone For A Walk Well-Known Member

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    All the best run clubs dont do due dillegence
     
    #51
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  12. tigerscanada

    tigerscanada Well-Known Member

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    Smart businessman then ? Should help him get a good price when he sells the club.
     
    #52
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  13. UMC

    UMC Active Member

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    Selling the club unlikely as asking price too high and squad is mostly League 1 level who will mostly not make it in a higher level. The club has a clueless manager and assistant who have demonstrated they are incapable of training and motivating the squad at this level and will be unable to do it at a higher level. The only way the owners can sell is if City get automatic promotion but then they will need to invest heavily to stay in the championship but with this manager and his team not going to happen. Ehab if you follow these posts get rid of McCann and his team and most of the true fans would welcome this as a clear intent you want the club to bounce back.
     
    #53
  14. tigerscanada

    tigerscanada Well-Known Member

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    My sarcasm may well have escaped you UMC :emoticon-0100-smile
    Most of your points are valid however. :emoticon-0148-yes:
     
    #54
  15. Sir Cheshire Ben

    Sir Cheshire Ben Well-Known Member

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    FTFY
     
    #55
  16. HullPhil

    HullPhil Well-Known Member

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    His points are opinions, not facts.
    Evidence suggests he's possibly correct, but they're still opinions.
     
    #56
  17. bradymk2

    bradymk2 Well-Known Member

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    will the allams be rubbing their hands with glee at this new 'project' proposal?
     
    #57
  18. originallambrettaman

    originallambrettaman Mod Moderator
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  19. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    What’s the going rate for owners wages yearly?
     
    #59
  20. highpeak tiger

    highpeak tiger Well-Known Member

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    Explains their reluctance to sell I suppose
     
    #60
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