“That is why the club will be lucky to break even. The only chance we have of making even a small bit of money is to stay in the Premier League because in the second season we will have a better foundation in terms of players. If you spend £15m-£20m (this summer), you don’t have to spend it again. Not all of it anyway.” £http://m.yorkshirepost.co.uk/sport/football/hull-city/hull-s-promotion-sees-allams-spending-soar-to-66m-mark-1-5662228 60 mill for this coming season, And having a £40million wage budget. So £20 mill on transfers to break even this season.
See, our wage bill when we came down was over £40 million, I don't think it's a good idea for it go that high again unless we become established. A £20 million wage bill in the Championship must be one of the highest?
Hopefully if we're paying higher wages its because we've got players on freebies! This is where Bruce comes into is own, I don't see us getting shafted with wage demands & high transfer fees! Zamora wanted an extra 10k to come to us! That won't happen again, Bruce said he wants hungry players not greedy ones!
The funny thing is, some people will genuinely think we a) have that much to spend and b) will spend that much
we will spend max 10mil in transfer fees which seems fair. im guessing it will be closer to 5mil anyway with the quality freebies out there!!!
Hullâs promotion sees Allamsâ spending soar to £66m mark Published: 11 May 2013 HULL CITY chairman Assem 
Allam has revealed the price of promotion to the Premier League: a £16m loss for the season. The Tigers are looking forward to a top-flight return after clinching runners-up spot a week ago in the most dramatic of finales. A 2-2 draw at home to Cardiff City proved to be enough for 
Steve Bruceâs men thanks to nearest rivals Watford suffering a shock home loss against Leeds United. It means the KC Stadium will host the likes of champions Manchester United, Chelsea and 
Arsenal again next term. Success has, however, come at a price for the Allam family, who since rescuing Hull from possible bankruptcy in December 2010, have ploughed in a staggering £66m to, first, stabilise the club and then fund this seasonâs push for promotion. Speaking exclusively to the Yorkshire Post, Allam said: âIt has been an expensive business, right from the first day we came in and there was the winding-up order on the club. âWe threw £27m in immediately to save the club, which went straight to the taxman and two banks. In that first season (2010-11) â and ignoring the money we put in at the very start to keep the club going â we lost another £14m. âThe year after, which is when a few of the inherited Premier League contracts ran out, the deficit was about £8.5m. Then, this season has seen us lose £16m. âWhen taking over (in December 2010), we had believed the third year (2012-13) would see the club break even. That could have been the case, but then we decided last summer to go for promotion. âI thought, âI am 72 years old, what am I waiting for? Letâs have a push for the Premier Leagueâ. The process started by getting a high calibre manager in. âOur belief in Steve Bruce is why we decided to go from having spent £50m on Hull City to £66m. That was not a problem and if we hadnât won promotion this season then we would have tried strongly again next year. âBecause of some of the Premier League contracts ending this summer and the commercial side of the club doing better, I would have said another £10m would have been put in to try and win promotion.â That expense, of course, will not now be incurred after the events of a week ago that saw Hull pip Watford to automatic promotion in such dramatic fashion. Hullâs promotion was reward for the Allamsâ investment, which saw around £6.5m spent in transfer fees on Nick Proschwitz, Robbie Brady, David Meyler and Stephen Quinn. Loan fees were also provided to bring David Stockdale and George Boyd to the KC, while the wage bill â before bonuses â topped £20m. Chairman Allam expects that sum to double to £40m next season as Hull prepare for a return to the elite after an absence of three years. Helping make that possible is the new lucrative Premier League television deal that kicks in next August and will see even whoever finishes bottom in 2013-14 paid a similar amount to that banked by champions Manchester City last season. For Hull, this leap in income will be hugely welcome. Allam, however, is quick to point out that the much-reported £120m prize associated with winning promotion from the Championship is well wide of the mark. He said: âI keep hearing about this £120m, but that includes four years of parachute payments if relegated after one season. âThey help you continue because you are still carrying a lot of wages. âIt annoys me when the public are misled by claims about £120m. Instead, the money we expect to earn next season is between £61m and £68m. âIt sounds a lot but much of that money is accounted for. As a club, we will be lucky to break even because the wage bill will rise by £20m from its current level. âThen, there will be transfer fees spent on players to improve the squad, while we also have commitments in terms of bonuses and promotion clauses from this season. âBy that, I mean there are players who we signed this season with clauses in the deal that mean a few million pounds are now payable because we won promotion. All this has to come off the £61m-£68m that club will make next season. âThat is why the club will be lucky to break even. The only chance we have of making even a small bit of money is to stay in the Premier League because in the second season we will have a better foundation in terms of players. If you spend £15m-£20m (this summer), you donât have to spend it again. Not all of it anyway.
Looking at our squad, we have a pretty decent side IMO that will give teams in the Premiership a good game. We wont have to spend 10's of millions to survive. 5 or 6 quality editions to not only improve the first team but to make a squad depth, good enough to manage a 38 game season before burning out.
