The Independant(business section) - Egyptian-born Assem Allam is often dubbed "one of East Yorkshire's most successful businessmen" and it might be true as he's said to be worth £185m. He's been in the news lately after announcing his takeover of Hull City AFC, so cue lots of publicity along the lines of: "his track record in business suggests he is a man who knows what he wants and just how to get it". Well, not always. A 1992 edition of Lloyd's List reports: "Efforts to sell Hull-based Ruscador Shipyard as a going concern have failed.... Ruscador was a wholly owned subsidiary of Tempest Diesels, a Lincolnshire firm headed by Assem Allam.... Financial difficulties besetting Tempest Diesels led to Ernst and Young being called in to administer both companies.... The cessation of operations [resulted in] the redundancy of the company's entire workforce of more than 50." Why has this detail been forgotten? We may never know. Allam's spokesman does not return my calls. He completely ****ed up in the generator business when he started, but he got there in the end, maybe he'll do the same at Hull City. Let's hope so.
Everyone apart from Happy Tiger knows that all "successful businessmen" get some decisions very wrong indeed.
How much is he worth these days? The Allams were quoted as being worth £317m last year and £417m the year before. So with the OP being taken into account, has his wealth increased or stayed the same? Does his entire wealth affect our football club directly, or is more down to profits from his company?
You're being ironic now. I'm in a minority on here that DO accept that some decisions are wrong, but also that some are also very right. It's hard to succeed in business without taking some chances, trying something new or different, and yes, sometimes that might end up badly but it could just as easily end up reaping rewards. He who dares Rodders, he who dares. Branson and Sugar have both made mistakes, but are still successful. The majority of Dr Allam's decisions have been hugely successful, both on and off the pitch. PR isn't a forte but honestly, I don't care. Some seem to have a need to be consulted and appraised of every decision made at the club, I don't have that need. The bottom line is, a minority of our fans don't like the successful business man approach, they want to maintain the status quo, the one that keeps clubs like ours at the bottom of the pond.
That's utter ****e and you know it. Number one rule of business, never take your customers for granted, that most fundamental of business rules is being ignored due to petulance and that's appalling business.
I've often teetered on the edge of knowing whether Happy was being serious or just taking the piss. It's nice to have it confirmed.
http://www.hulldailymail.co.uk/Hull...llam-Marine/story-21193141-detail/story.html? Who is this buffoon posing in the workplace? Hi viz jacket? No Safety shoes/boots? No Hard hat? No Place looks scruffy/dirty for a high-end engineering place- debris on floor etc
Why would these Marine Generator men who are successfully running a football business seek to change the name of the successful football club they have developed? Surely their superior business knowledge would indicate, at some point, how foolhardy it could be to change the name of any business that is performing to a level of success that surpasses, by far, any other period in the business' 110 year history.
Agreed ^^^^ these. Nope. But better still they are allowing a proper football man (SB) to make all the football decisions. Correct. Just ask Sir Richard Branson for one and now look at him.
What? You mean our success is down to SB? And who selected him? Do the Allams advise SB on strategy and tactics?
So our success is not down to the Allams, it's down to a shrewd manager and the players? Thanks, I thought so.
He has a nickname?! Wow, in that case we should start calling him Assem Allam Pharaoh, or to make it a bit snappier, Allam Pharaoh!
