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New owner confirmed…

Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

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  1. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    TikTok.
     
    #22621
    SydneyTiger14, Oct 28, 2021
  2. originallambrettaman

    originallambrettaman Mod Moderator
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    Fee agreed for Hull City takeover though hurdles remain for Acun Ilicali

    The sale of the east Yorkshire club appears to be edging closer

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    A deal to buy Hull City has been agreed in principle between owner Assem Allam and Turkish media mogul Acun ilicali.

    In what’s a major step forward in seeing the Allam’s ownership end, it’s understood that Ilicali and his backers will pay £30m for the Championship strugglers in staggered payments, with another £20m assured should City regain their place in the Premier League within a certain time frame.

    An agreement has been struck in principle, Hull Live understands, but due diligence has yet to take place meaning the deal remains some way off before it can be considered completed and see the Allam family bring an end to their acrimonious relationship with supporters.

    There also remains various clauses to be ironed out and the full terms of the deal are still being discussed.

    There remains a willingness from Assem Allam to finally complete a deal for the club he put up for sale in 2014, though after a number of failed deals in the past seven years, there are reasons to be cautious about this deal being completed.

    Ilicali is understood to not be the only interested party in buying the east Yorkshire club, who currently sit third bottom in the Championship having won promotion last season from League One, but he remains the closest at this stage to making a deal happen.

    Suggestions that any deal is imminent, it's believed, are wide of the mark at this stage.

    Meanwhile, sources have told Hull Live that there has been no contact made with Hull City council over the potential ownership of the Stadium Management Company (SMC).

    The SMC is the group responsible for the smooth-running of the MKM Stadium, and with the local authority owning the stadium, it has the power to run a fit and proper person test on a potential new leaseholder given it’s a significant public asset.

    Ilicali has so far been bullish in the Turkish media about his desire to buy the club, revealing just last month his intentions.

    “I’m thinking of buying Hull City in England," he explained.

    “The other side trusts us. If God permits, my dream will come true. I want to fly the flag of our country in England with the success of Hull City.”
     
    #22622
    originallambrettaman, Oct 28, 2021
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  3. originallambrettaman

    originallambrettaman Mod Moderator
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    I think the council/SMC thing is a red herring, I don't think there's anything the council could realistically do about the SMC being sold and they wouldn't want to do anything anyway, I suspect they're as keen to see the back of the Allams as we are.
     
    #22623
    originallambrettaman, Oct 28, 2021
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  4. dennisboothstash

    dennisboothstash Well-Known Member

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    Me too
     
    #22624
    dennisboothstash, Oct 28, 2021
  5. 1MoreAgain

    1MoreAgain Well-Known Member

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    i don't like my posts i'm such a dickhead.
     
    #22625
    1MoreAgain, Oct 28, 2021
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  6. look_back_in_amber

    look_back_in_amber Well-Known Member

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    #22626
    look_back_in_amber, Oct 28, 2021
  7. BillyBlysPaperboy

    BillyBlysPaperboy Well-Known Member

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    Why wouldn’t the Consortium consist of the owner of Fenerbahce SK (correct spelling) Arun llicali was with the owner of PSG in Paris on the 28th September for a Champion Leagues Game against Man City. Links like that can’t be bad for loan moves in the future. I am sure the proposed Consortium consists of more than Turkish Nationals. In fact I’m told that’s the case.
    Just hope that everything goes ahead and the club can get back to more stability, with new owners who care.
    Billy B
     
    #22627
    BillyBlysPaperboy, Oct 28, 2021
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  8. The Omega Man

    The Omega Man Well-Known Member

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    The Allam part was not speculative, it was straight from the horses mouth.
     
    #22628
    The Omega Man, Oct 28, 2021
  9. originalminority

    originalminority Well-Known Member

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    It's starting to sound like a strong consortium, why would they continue with this old ruse that there is always another mysterious stalking horse bidder to add pressure, they've done this for 7 years and the fake bid has never materialised in to anything?
     
    #22629
    originalminority, Oct 28, 2021
  10. Hornsea_HCAFC

    Hornsea_HCAFC Well-Known Member

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    and me
     
    #22630
    Hornsea_HCAFC, Oct 28, 2021

  11. Gone For A Walk

    Gone For A Walk Well-Known Member

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    So, looks like it's some way off still then, and far from certain
     
    #22631
    Gone For A Walk, Oct 28, 2021
  12. 1MoreAgain

    1MoreAgain Well-Known Member

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    The deal is going through people just have to be patient and stop being negative about the sale,it will go through i know that is difficult after all the previous hopes that have been dashed but this is happening.
     
    #22632
    1MoreAgain, Oct 28, 2021
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  13. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    You really do like to pounce on any cause for negativity. <laugh>
     
    #22633
    SydneyTiger14, Oct 28, 2021
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  14. DMD

    DMD Eh?
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    Come on HDM, use this headline, I dares ya.

    City Pic Ilicali. <ok>
     
    #22634
    DMD, Oct 28, 2021
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  15. Steven Toast

    Steven Toast Well-Known Member

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    I did not, no. I said the second week of November.
     
    #22635
    Steven Toast, Oct 28, 2021
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  16. kingstontiger

    kingstontiger Well-Known Member

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    The Hull Live report above certainly suggests this isn't as far advanced as we might have hoped, in that it suggests due diligence ' has yet to take place' whereas there had been suggestions on here that it was already ongoing. Any of those who are more ITK got a view on this?
     
    #22636
    kingstontiger, Oct 28, 2021
  17. Howdentiger2

    Howdentiger2 Well-Known Member

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    I wouldn't read to much into Hull lives article today, it's just yet another rehash of what's been said online over the last few days. If they had the sources like they claim In the article then they wouldn't just be re posting stuff all the time and would use actual quotes etc... They get most their stuff from things posted online and putting 2 + 2 together and coming up with a rehash article.

    It's unfortunate that they have to do it because of the zero access they have ATM but they also have space to fill so have to post something to generate clicks and revenue
     
    #22637
    Howdentiger2, Oct 28, 2021
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  18. 1MoreAgain

    1MoreAgain Well-Known Member

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    Just so people know and this is not something some never knew for last couple of weeks and i am sure Howden will also confirm it, due diligence has started and has been ongoing for last couple of weeks.
     
    #22638
    1MoreAgain, Oct 28, 2021
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  19. PLT

    PLT Well-Known Member

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    Very much a side issue, but Acun Ilicali is a nightmare of a name to pronounce. As I understand it, a C in Turkish is pronounced like a J, and it seems all of the I characters in his surname are actually that funny Turkish 'dotless I' character which, if I'm reading Wikipedia correctly, is pronounced like a U.

    So it's pronounced Ajun Ulujalu, maybe?
     
    #22639
    PLT, Oct 28, 2021
  20. DMD

    DMD Eh?
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    Careful, when Harry Potter said that, books started flying, water running...:emoticon-0104-surpr
     
    #22640
    DMD, Oct 28, 2021
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