New owner confirmed…

Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

  1. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    Why do people like rubbish like that
    It’s not true
    Of course he’s liked some of it and felt joy about his adopted hometown club
     
    #25381
    springtiger likes this.
  2. x

    x Well-Known Member

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    #25382
  3. highpeak tiger

    highpeak tiger Well-Known Member

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    Source?
     
    #25383
  4. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    Go look at the championship photos when we went up under brucey the Wembley final
     
    #25384
    Red top reader and springtiger like this.
  5. highpeak tiger

    highpeak tiger Well-Known Member

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    What was that worth to him £100 million?
     
    #25385
  6. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    That's about what he spent to get there, so probably.
     
    #25386
  7. Cambstiger

    Cambstiger Well-Known Member

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    Come on Ben, stop beating around the bush and say what you really mean.
     
    #25387
    Sir Cheshire Ben and amberman8 like this.
  8. TwoWrights

    TwoWrights Well-Known Member

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    We were right above him at Wembley for the FA Cup semi-final, at the final whistle he was joyously waving his arms and then clapping to those behind him. I waved back to him, just the two fingers though, oddly he seemed unimpressed. :emoticon-0100-smile
     
    #25388
    rovertiger likes this.
  9. highpeak tiger

    highpeak tiger Well-Known Member

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    Interested in money not football. Hopefully soon gone. ****s
     
    #25389
    Kevin Francis likes this.
  10. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    TWT on that when the dust settles on the takeover. You may find they walk away with a loss.
     
    #25390

  11. highpeak tiger

    highpeak tiger Well-Known Member

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    I very much doubt it, but will piss myself laughing if so.
     
    #25391
    Evington likes this.
  12. look_back_in_amber

    look_back_in_amber Well-Known Member

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    Absolutely mate. If you e not been to Fields of Anlaby you honestly need to check the place out, it’s an outstanding butcher/baker, and those corned beef and potato pasties are fantastic
     
    #25392
    rovertiger likes this.
  13. originallambrettaman

    originallambrettaman Mod Moderator
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    Not a ****ing chance, they’ve had £30m in interest and tax benefits already, they’ll make at least £20m.
     
    #25393
  14. rovertiger

    rovertiger Well-Known Member

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    Thanks mate, looks like i'll be taking a bus in the other direction too <cheers>
     
    #25394
    look_back_in_amber likes this.
  15. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    So the tax benefits have come from HMRC and not City. Interest payments have to be offset against the losses against debt when the sales goes through. If they leave with a profit it won't be 50m, they'll make a loss on the sale and that will offset the interest payments to a greater or lesser degree surely?
     
    #25395
  16. originallambrettaman

    originallambrettaman Mod Moderator
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    The interest paid is cash they’ve taken, it’s not offset against anything, they’ve pretty much had all their money back already and they’ll make at least £20m on a £30m sale.
     
    #25396
  17. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    I can't see how they have had all of their money back from the 40m debt/initial investment and assuming they get 30m (which I find unlikely) then you're looking at 20m max based on your suggested figures - a long way from the 100m suggested above and elsewhere.

    Some of the interest will also have been paid in interest on the commercial loan I recall we took out (via Allamhouse) then paid off also. Some will also have paid either as salary via Allamhouse or paid to Allamhouse in lieu of directors salary.
     
    #25397
    Last edited: Nov 24, 2021
  18. Sledmere Fusilier

    Sledmere Fusilier Active Member

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    Will the rapidly deflating Turkish Lira (15% drop) have any affect on the takeover?
     
    #25398
  19. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    Cant say I haven't wondered the same...

    Hopefully the cash is in escrow based on the old exchange rate....
     
    #25399
    Sledmere Fusilier likes this.
  20. Tigerite

    Tigerite Well-Known Member

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    Given Acun often travels to the Dominican Republic for filming it’s highly unlikely he has his fortune tied up in Turkish currency.
     
    #25400

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