Assem Allam speaks

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Always had a good relationship with 50 of the 53-54 councillors. Talking to a new interested party.He doesn't know how serious the new party are. Paul Duffen bid completely off the scene (Thank god)
 
cheshireles said:
Who's trousered the final parachute payment the club received last month? If its still 'in the club' then surely the debt would be lower than £50m?
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If Allamhouse is owed £50 million it means the debt has been reduced by £16 million this season, leaving the balance of the parachute payments,£22 million, to help run the club. Most of that money will be going on players wages.
 
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Nothing will distract my attention from this (the club).

I said before that if we don’t sell the club before the window we’ll wait until the summer as we need to spend money. I don’t want to risk not doing something in the window.

The club is still for sale.

’m not a football fan, I’m a businessman.

Over four and a half years from winding up order to the Premier League, FA Cup final and playing in Europe - it’s a record.

We’re not asking for too much money at all. I’m not looking to make £1 profit, but not a loss as we worked very hard.

Ehab and I did not have £1 in salary, wages or directors fee, absolutely nothing for years.

The council can think what they like. We have spent £88m.

The club is profitable. We corrected that.

The debt owed to the club is £50m - and that is the asking price. The lower the loan, the lower the asking price.

I don’t want to make money out of it. If you have more money, keep the rest and spend it to improve the squad.

Everything is sell-able, at what price?

It’s been hard for eight and a half years for me and Ehab without any remuneration. Free of charge.

We had many meetings with the supporters. Some went well until the head of the Supporters Trust (Geoff Bielby) came.

We offered high respect to the representatives, they’re fans and my customers.

We were doing well. Then one day after the meeting after having my drinks and food, he said before I go I have a message for you. Two scarves, one for Ehab, one for myself, saying ‘Allam Out’.

No more meetings, we don’t attend anymore. I follow what he said ‘Allam Out’. Name one person who will accept this.

He didn’t apologise.

I hope it’s a Premier League club (in the summer) to be sold. Someone is talking to us now. It takes time.

I don’t know how serious it is. We will be having a meeting within 10-14 days. It’s a new party.

Paul Duffen has (gone off the scene).

We have a history with the fans which does not help. The relationship with the council is back to normal but we have three members of them loudly against us for no reason. It’s a very good relationship now however with 57 councillors, just three against you. 54 good councillors.

https://www.hulldailymail.co.uk/sport/football/football-news/live-hull-city-takeover-allam-2507459
 
Sell Bowen they can run it for another year. We will have to hit rock bottom before these two idiots go.
 
Mr Bob said:
I think it’s time for Geoff to step down for the good of the supporters he is supposed to represent. Scarfgate was highly unprofessional.
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It was but if I recall correctly the scarves were from the other supporters representative group whom the Allams refused to invite.


I think Geoff should reflect rather than resign. I'm sure he has.
 
Obadiah said:
If Allamhouse is owed £50 million it means the debt has been reduced by £16 million this season, leaving the balance of the parachute payments,£22 million, to help run the club. Most of that money will be going on players wages.
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I recollect that the sales price of c£50m was 'published' before the parachute payment was received last month. If Allam is simply stating that he is happy to walk away having not lost a penny so to speak, then in theory the parachute payment of last month could have bolstered the balance sheet and not been used solely as working capital? I guess we'll never know either way.
 
The accounts have shown management fees to Allamhouse for years. That's even ignoring all the interest, tax offsets etc. More bullshit.
 
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Stuck with a family totally inept at customer relations and building bridges and shockingly amateurish at creative accountensy.
 
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