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Kieran Maguire on City's finances

Discussion in 'Hull City' started by TheCasual, Mar 30, 2023.

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  1. Shark Sports

    Shark Sports Well-Known Member

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    To comfortably survive in the Championship with a £12m wage bill is a real achievement, everyone deserves a lot of credit
     
    #21
    Shark Sports, Mar 31, 2023
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  2. Wessie Exile

    Wessie Exile Well-Known Member

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    As City fans we're never safe from FFS
     
    #22
    Wessie Exile, Mar 31, 2023
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  3. originallambrettaman

    originallambrettaman Mod Moderator
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    Doing that they'd have lost even more.

    This was about them doing whatever they could to get out with as much as they could, it absolutely doesn't deserve any credit.
     
    #23
    originallambrettaman, Mar 31, 2023
    greene, Ken DeMange's Love Child, SydneyTiger14 and 7 others like this.
  4. cheshireles

    cheshireles Well-Known Member

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    Plus they allowed the club to accrue that level of debt in the first place!
     
    #24
    cheshireles, Mar 31, 2023
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  5. eimaj

    eimaj Well-Known Member

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    It's all bollocks really, I suspect they had more out of the club through player sales over the years.
     
    #25
    eimaj, Mar 31, 2023
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  6. petersaxton

    petersaxton Well-Known Member

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    I dont think they took any money out of the club through players sales
    The only way they can take money out of the club is by the following:
    salaries - I think they did
    dividends - I dont think they did
    interest on loans - they did charge interest but they said it was only at the rate they got from personal loans to put money into the club
     
    #26
    petersaxton, Mar 31, 2023
  7. originallambrettaman

    originallambrettaman Mod Moderator
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    Ehab made that up to justify it, the money came from Allamhouse, who didn't have any significant loans.
     
    #27
    originallambrettaman, Mar 31, 2023
    petersaxton likes this.
  8. TwoWrights

    TwoWrights Well-Known Member

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    Group tax relief was a nice little earner. :emoticon-0100-smile



    The views expressed in my posts are not necessarily mine.
     
    #28
    TwoWrights, Mar 31, 2023
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  9. petersaxton

    petersaxton Well-Known Member

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    good point
     
    #29
    petersaxton, Mar 31, 2023
  10. Tickton Tiger.

    Tickton Tiger. Well-Known Member

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    Careful Pete, the actual facts do not fit some peoples agendas.
     
    #30
    Tickton Tiger., Mar 31, 2023
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  11. Ehab's Member

    Ehab's Member Well-Known Member

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    Pretty sure the Allams took the £20m we got for KLP didn't they?
     
    #31
    Ehab's Member, Mar 31, 2023
  12. TwoWrights

    TwoWrights Well-Known Member

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    Law of averages, at long last. :emoticon-0125-mmm:


    The views expressed in my posts are not necessarily mine.
     
    #32
    TwoWrights, Mar 31, 2023
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  13. petersaxton

    petersaxton Well-Known Member

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    that was after they had sold the club
     
    #33
    petersaxton, Mar 31, 2023
  14. Cityzen

    Cityzen Well-Known Member

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    So, the undisclosed fee was £20 million, was it?
     
    #34
    Cityzen, Mar 31, 2023
  15. petersaxton

    petersaxton Well-Known Member

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    The Athletic said it was £16m plus £4m in possible add-ons
     
    #35
    petersaxton, Mar 31, 2023
  16. originallambrettaman

    originallambrettaman Mod Moderator
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    It wasn't really undisclosed, it was reported pretty much everywhere to be £16m with a potential £4m in add-on's.
     
    #36
    originallambrettaman, Mar 31, 2023
  17. Cityzen

    Cityzen Well-Known Member

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    Widely reported does not mean that was the actual figure though.
     
    #37
    Cityzen, Mar 31, 2023
  18. petersaxton

    petersaxton Well-Known Member

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    It usually means one person said it was a certain amount and so everybody else ran with it
    It could be right though
     
    #38
    petersaxton, Mar 31, 2023
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  19. Cityzen

    Cityzen Well-Known Member

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    Could be. Equally it could be wrong.
     
    #39
    Cityzen, Mar 31, 2023
  20. petersaxton

    petersaxton Well-Known Member

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    maybe not equally
    If the Athletic goes round giving wrong information and it gets out their reputation would take a big hit
     
    #40
    petersaxton, Mar 31, 2023
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