I would say that our club is at a higher risk cos we aren't established as a premier league club. not yet anyhow.
For saving our **** when it looked like nobody else would? Yes, we now have debt, but we still have a striving club.
Nothing. The question was name another chairman, other than Abramovich who had done what Assem Allam had done. So I named one who has done the same and isn't charging interest.
Yes we would. The day we got promoted I posted on this very board - some may remember - that my wish for the Premier League windfall would be to pay him every penny he ever LOANED us and for him to leave the club.
and still fools try and make this about the name change which is a SEPARATE issue entirely. It has nothing to do with the argument about his money and whether he is milking us. Which he isn't.
It's not that for me, I don't like the way he continuously, every single time he's in front of a mic, talks about his 'gift' to the city if Hull. He has done no such thing.
If you knew anybody who had their house repossessed you'd know that interest payments continue to accrue after you stop paying the mortgage. If Hull City Tigers Limited don't have the cash to pay the interest the debt to Allamhouse increases. The current accounts show interest on "other loans" to have been £2.8 million. I doubt whether Assem Allam saw any of that money it would have been put straight back into the club to help pay for the Premier League push. But there may well come a time when he'll need the money and it will come out of the club's income. That's how finance works. Eventually, unless he converts the loans into shares, the piper has to be paid.
Paying down you mean: âHe offered me a contract (in the summer of 2012) â which I think (was the equivalent to what) I was earning in 1988." -Steve Bruce
It seem that he now has a PR man. John Prescott on the radio and TV, his Look North interview was interesting as was the viewers response to him which read out the following evening, plus Steve Bruce who is coming out more vocally in favour of the what Allam is trying to achieve wiith the name change.
But in the interviews I reference he is claiming that was a gift. He's not talking about other things. And by these 'other things' do we mean buying... Sorry donating to Hull Uni which miraculously led to receiving a phoney doctorate?
I find myself agreeing with you quite often these days patty. £14m for Jelavic and Long? More like a free new Bentley for Mrs Allam. We NEED a new owner in very fast so we can send Long and Jelavic back before the return period runs out (minimum of 14 days by law I believe?) This club can't sustain 2 wages of that size at the minute, only an oil thief will want to buy us, and until that happens Allam is laughing his arse to the bank with £5k in his back pocket every week.
Tout you are assuming that he can just turn around and get all of that money back, something which is highly unlikely as the only assets the club has, are the players, training ground etc etc. if AA wants to rake his money and walk, he has to either liquidate the club (and we all know how that works; creditors only get xp in the £), or he has to find someone who is willing to buy it off him, and there is no guarantee that ther is someone out there who is willing to risk their money like he has. The whole point is that he is risking a substantial wedge in all this, probably around 25% to 30% of his total wealth and without it, I don't know where we would be. Ask yourself this: How many of us on here would be willing to put a large slice of the value of our house into the club with no guarantee you would see it back again. And even if you got 5% return on the loan, it's not certain you will recieve it. Not many, I would suspect.
