Think you're wrong there, once the costs per week exceed the income and they are having to stump up the shortfall they will walk away.
It's not perfect (which fanbase is?) and still too many whingers, but then the comparison was with the turd-magnet that is Leeds United.
They won't ever walk away from that amount of money, they will just keep cutting and cutting and cutting. People with more knowledge then me re accounts may be able to shed more light on it, but I'm sure there will be benefits for allam marine and their profits etc if Hull city aren't making money. I just really don't see them walking away from that amount of money
The debt is what it is, they claim 50 million and that's what they want. Whatever it really is when it starts increasing every week and there is nothing more to cut back they will walk. Selling players for a profit can be a big fund raiser for a championship team far less so for a team in league 1 or 2. It may be enough to fund a club but never will it fund the club and cover the existing debt.
Regardless of which way with the debt / money, old man Allam cares too much about his wider public reputation, if his legacy nationally would be to take the club down, that would be a step too far (hopefully)
It's very difficult to gauge wtf their targets are. Get their money out has been priority number one for a few years now. Seems to have eluded them that they have so neglected the playing resources that the club (their club 100% owned by them) has sunk steadily to the point that it has become a national football eyebrow raiser. Better to be owed £50 mill by a a PL club with a manager you don't trust, or run a debt free club in League 1 with four figure crowds and dud manager? The latter it seems.
How and when will we see the later? They claim 50 million of debt now, quite possible to be in league 1 next season, a dud manager they had a chance to replace but didn't, and no assets.
Remarkably, it appears I have inadvertently stumbled upon the Oxford Union Debating Society. What a pleasure it is. Seems the kids are back in school already !
More referring to administration etc, even if we got Ian Dowie and his skills and knowledge of the game, I couldn't see us surviving the last games, hope against hope though....
"Administration was not an option. There was nothing to administer" - Adam Pearson from way back when. How close are we to that scenario now?
I wonder how much they’ve actually taken out. I know they are sticking to the ridiculous line that they’re owed 50 mill. In player sales and interest payments though they must have had at least 50 million into their back pockets and probably a lot more. Why not just sell for a few million when we had a chance of staying up and they could walk away from this ****ty experience in profit? Now we’re dropping like a stone, have no saleable assets and a massively reduced fan base. I just can’t see any logic in what they’re doing. Is this all really down to their stubbornness and arrogance!?
