But happy enough for then to put the money in to get us to the prem again, a fa cup final, Europe and sign so amazing talent to watch in those years.
Funnily, the Cup and European stuff happened... nearly six and a half years ago. When they put us up for sale. What a coincidence...
With the Allam family it’s all about face. They invested big in City so they could look like the big saviours of our City and give us these things which we had always wanted. A successful premiership club, an FA cup final and great wins over the big powerful clubs. It was a dream to many of us older fans. They had a manager who knew what he was doing and was a perfect fit. We could have stood a relegation and had a good enough squad to get back up just as we did. Then daft lad took over the reigns things started to slip and the awful truth took over. They didn’t have enough money to fund his **** management and incompetent running of a football club. In fairness there are very few other than billionaires who could. Now it’s not about a sale it’s all about getting money back long term. Money will be lost but it’s limiting the damage. The name change, the arguments with the council are but a smoke screen the simple fact is they don’t have enough money to run a football club incompetently.
It’s quite funny reading your post. It reminds me of the attitude that was prevalent when I would call on people for them to pay the money they owed. The common response was that I was a bastard for telling them that they had to pay the money back and that the people who sent me where bastards for sending me. To take someone else’s money, enjoy the benefits of it being spent and then moan that it has to be repaid is in my honest opinion quite shallow. Assam Allam made it quite clear right from the start that his interest in Hull City was as a property developer. The side issue was that to get the property he had to buy the football club. Pity that don’t work, because if it had we would be in a different position now. Does anyone really think that any buyer for the club would look at it and say that they will gift millions so that football supporters can sit on their arses and watch as the money gets poured into the game, without taking something out?
I don’t get the impression from people inside the club that there’s a push to get a sale done, or to attract buyers. The whole process by the sound of it is passive, like they’re happy to sit and wait for somebody to come to them as opposed to appointing somebody to go out and advertise the club to prospective buyers.
I spoke to someone who was mandated by Ehab to find a buyer. This was about three years ago. He contacted me for some advice about an Employment Tribunal writ. I got the impression that he was one of several who were trying to find a buyer, but at the time I did not take him very seriously.
That's a fair and reasonable answer Steven and I'll certainly pay heed to that in the future.I don't see any possible reason why the Allams want to support a financial disaster,further enhanced by a pandemic that has caused huge financial issues. I have said in the past that I have been opposed to much of what has went on in the Club and I wish for new owners but I'm not prepared to tailor facts,figures and add conjecture just to make my argument fit with ill informed others.
He seems to have given up on property development completely now, he stood down as a director of Allam Developments Limited in October and was replaced by his daughters.
They're not supporting anything yet, they made a £2.94m profit last year, while still paying themselves £1.73m in interest. In fact, they stopped supporting Hull City financially five years ago, they've just been taking money out since then. That will obviously become increasing difficult to achieve, unless they can find a Bowen every season, so hopefully it will encourage them to **** off.
Err, no he didn't!. It did become pretty self evident though as time went on. What he did say was that it was a gift actually, a gift for the people of this area, giving something back in recognition. He also repeatedly said how he was a man of his word, how he never, never went back on his word, etc. Give me "quite shallow" over being an out and out liar any day of the week.
You make it sound like an attractive proposition(owning a football Club).....I'm just a little bit dumbfounded that Ehabs door hasn't been kicked down in the rush to purchase .With a potential yield like that it's buying money.
Ehab said they'd look at a reduced sale price following relegation in the summer, but that was still based on £15-20m in cash, along with the outstanding transfer payments' (which were £13-15m at the time he made the comments). If you seriously think the Allams have been in any way realistic about the selling price, at any point in the past six years, you've obviously not been paying attention.[/QUOTE] By your own admission the Club would cost somewhere between £28-£35 million