We should do not606 euromillions. Try that trick that bloke did here they predicted the lottery numbers.
I understand all that but wasn't that exactly the scenario with every owner we have ever had? Even when 'we' owned the stadium, we actually didn't, the Needler family did and it became a millstone around our neck when Harold Needler died.
It can't just be a coincidence that I renewed my season pass then hours later the club stump up the cash for snodgrass! I reckon my £514 pushed the bank balance up to the £8million needed.
What about Ehab's mother and sisters? Do you know if Assem is going to leave his estate solely to Ehab? Would his wider family have a say it what happens to Hull City? Did any of the money invested in Hull City come from his family in Egypt? All questions I have no answers to, just like you. When Assem Allam dies the family have an asset worth £100 million in Hull City. It may take them a while to get that money but it is possible. 10 years of spending £10 million a year less than their income on the club and their debt is repaid. Once the debt to Allamhouse is cleared Hull City will be a club with a resale value, it will have no debt, whatever league its in. Alternatively Ehab, if he wanted to, could sell all the companies, put the money in the bank and retire on an income most of us could only dream about.
As for the "fans' collective", didn't that originally (or something so similar it is only the description of it that varies) come from Obi? Yes, no one actually knows what will happen when Allam Senior dies - so all the comments are pure speculation, but for Ehab, Mrs Allam, various other Allam family members to sell the club there needs to be one thing - a buyer.
Don't forget that every single ticket the club sells includes 20% VAT that has to be paid to HMRC. A season ticket that costs a fan £300 only benefits the club by £250, the other £50 is tax.
Maybe so, but that's not what they said. They said ticket sales made up 7% of income. The VAT is irrelevant. Income is what you get before the VAT goes out.
Footbal finance has changed a lot since the mid 70s. Needler jnr didn't want to put any money in....slow and steady decline on and off the pitch. The money he put in was to keep us alive, not to enable us to thrive. The Allams scenario is vastly different, he is seemingly increasing our debt to him big style - almost the exact opposite of the Needler jnr scenario. I wonder if we will get another 30% price hike next summer? Or will it be a 30% price reduction as we get a massive tiger loving Asian investor pumping his wad in?
In fairness to the Allams, they have told one truth. When they admitted they knew nothing about football, they were good to their word.
Someone posted this link http://companycheck.co.uk/ but I can't find it to reply there. I don't understand accounts, but that doesn't look good to me. We're worth -(MINUS)£90 MILL
I seem to remember reading that the younger Allam family have a lot more interest in the club then Papa Allam. And you seem to be worrying about a scenario that hasn't happened yet. The last family dynasty to own the club left us with a millstone of a crumbling stadium, which they wouldn't sell, split the club from the ground, and left us floundering at the bottom of the old 4th division unable to pay the milkman never mind spending £15m in a week on players with a team in the Premier League and qualified for Europe. Look out of the window, it might be bright sunshine, not the storm clouds you appear to be seeing.
I'm genuinely surprised we don't know the contents of Dr Allams will, and the families entire plans. There seems to be an expert and an ITK on every single other thing in the club. It's an outrage this is not public knowledge.
