No no the council are desperate to do a deal with Hull City develop the stadium yadda yadda yadda. Off message there a bit PLT.
Why do you keep peddling this **** about Allam having to write off debt. He will never do that any accountant worth his salt will not be walking away writing of 60 70 million of his own money.
I honestly don't see what all the fuss is about. Allam owns the club, he's here to make profit in the long run and I'm sure also wants to see the club grow and become more successful. If he honestly believes that the proposed name change is the best way to do this then who are we to really stop him. You can't even argue that if the fans stopped going then the club would be nothing as the open letter states than gate receipts now only counts for 7% of the club's revenue. He has proven himself to be a successful business man, he was valued at £417m a few years ago, so I'm pretty sure he's got a better idea of what is better for the club than the majority of the fans, despite the increasing boring noise here. City or Tigers it doesn't really matter to me, I'll still be calling them City for a long time to come. If you're not happy then don't renew your season tickets, see if it makes a difference, I'm sure (in the very unlikely situation) that if City find themselves playing in Europe at some point in the next five years you'll all come crawling back.
Ehab says they will sell, if he's serious then he will have to find a buyer willing to repay the debt or he will sell at a loss.
He has proven himself successful at selling marine generators. All he has done, financially, at Hull City is massively increase the debt while losing 11 million a year. If the name changes and I don't renew my pass, I will never come back, crawling or otherwise.
They're interested in their own business interests. A stadium which loses them money and is essentially a negative asset is one such thing. In that case he won't be going will he? He's the one saying he's off so it's up to him to have an exit strategy. Does he expect someone to come and snap his hand off at £100m for the club? If not then of course he'll have to write off some of his debt. Financially he's our worst ever owner with Bartlett way behind in 2nd. That's a fact.
Yes but he doesnt mean right no name change i want to sell in the next two hours does he. It may take years, they will be stay away owners, banking the sky money, selling the players until they have recovered their money. The club nearly went under before they stepped in, it may get to that stage again when they leave (with all their money). PLT Allam will not be writing off 60 million quid FFS You arent that stupid. I know its the CTWD little pipe dream that he'll have to write it off so they can then run the club. But it aint going to happen.
As a former Geography student, who actually did a study about "brands" and "global markets" in my 3rd year, even I find letter quite baffling. Yes, brand power is an important thing; but "Tigers" is just as common as "City" is in the global market. For example - Wests Tigers, Rugby League Team in Australia. - Bangladesh national Cricket team. - Castleford Tigers - Leicester Tigers - Detroit Tigers. With football, surely people look at the PLACE name and not the "brand." In certain cases such as Liverpool, Chelsea and Man Utd. it's due to success and the money that they have. But in my mind, as "Tigers" we'd just be at the back of some major sporting teams (well, infront of Castleford probably). A vote needs to be had, although I get the feeling the Allam's would try and rig it anyway. I can't bloody wait until April so that fingers crossed, we can remain Hull City AFC and put everything behind us, and just move ****ing forward!
Your 1st paragraph: I don't understand what point you are making. You will call us City, so will I, so why embrace changing it if no benefit is proven? It has not been proven, but many worthy viewpoints discredit it. Your 2nd paragraph: it is threatening and hostile in that their stance splits the team's support, undermines the team's success and constantly criticises its customers and their loyalties. They have also used insulting terms to describe folk who disagree with them and employed gratuitous dishonesty as a mainstay of their campaign. Blackmail is what their ultimation is, as they believe they are indispensable to the club, but the graveyard is full of indispensable businessmen and these buffers can follow their own advice and die (figuratively) when they like.
Because the Allams keep saying they will sell the club. The club has next to no assets, other then the players, and a debt of between £80 to £100 million the vast majority owed to Allamhouse. If there are no buyers at £100 million and he wants to sell then he has to reduce the price. The only way he can do that is by converting loans into shares or agreeing to take less than 100p in the £ on Allamhouse's debt. The greater the desire to get rid of the club the bigger the debt write off. Just like people wanting a quick sale for their property will reduce the price. If we remain Hull City and he wants all his money back he'll have to repay his debt or build up the club's assets until he can get a price that cover his outstanding loans. Doing that involves risks (we may get relegated in which case the value of the club tumbles further) and takes time. He'd have to put the club into profit to be able to repay the loans and build up the assets. It may take him years, which doesn't fit in with the statement, we will sell the club. If he wants to sell quickly he takes the hit, if he doesn't he carries on and trys to build a successful club. The choice is his.
Well he did quite clearly say 24 hours. Why shouldn't he be held to account to what he says like everyone else? How come his promises can just be casually ignored as "Oh no he didn't mean it like that."? He's meant to be a businessman, why do we have to keep excusing his contradictions? If he's the genius some think he is, why does he keep saying these things? In terms of the debt it's up to him. He says he's going. No one is forcing him. The only possible outcomes if he wants to go are that someone pays the full price for the club (unlikely I'm sure you'll agree) or he writes some of the debt off (the amount depending on how much someone is prepared to pay. Also unlikely but it's got to be one of the two if what he says is true so which do you think?) I don't know how you can argue this? What other possible outcome is there?
Is that for those who don't bother reading the letter and put trust in what you said? "we would have no alternative but to offer the club for sale" says exactly what it means. To say that North America, Asia and The Far East "have a natural affinity to The Tigers" is puzzling, as others have mentioned here. The idea that this club would have been extinct without them is disingenious. A football club for a city does not become extinct it is reborn, even smaller places have started over in the past. And if they want this club to stand out from others surely they should put more effort into doing that rather than purely through a cosmetic change like changing the name. They seem to have no ideas that I can tell.
Spot on. It's pathetic that they claim to be these genius businessmen yet the extent of their expertise is to change the name and it'll make money. That's it. It's as stupid as that episode of South Park with the underpant gnomes: [video=youtube;tO5sxLapAts]https://www.youtube.com/watch?v=tO5sxLapAts[/video]
CTWD Statement, 5th March 2014 City Till We Die have nothing to add to Ehab Allam’s open letter in the full page advertisement taken out in today’s Hull Daily Mail by Hull City AFC. It does not say anything new, and the name change application remains in the hands of the FA, whose consultation process we trust and respect. Please see details of the submission we made to the FA last month here: http://citytillwedie.com/fa-consultation/
The football club is more successful now than at any other point in it's history. What we have is people running the successful club who can only be described as clueless when it comes to marketing the successful club.
The 'affinity'' referred to by Ehab clearly refers to the Premier Leagues standing and profile and NOT Hull City's; therefore by default if the club were to be relegated then Ehab's strategy goes out the window given no such profile in these overseas markets for Championship clubs!!
