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Obadiah said:
I'll give you a genuine answer. I don't think they are OK as owners, they have split the supporters and not taken the club forward despite spending over a quarter of a billion pounds since they bought the club.

However, I don't think they are pocketing millions of pounds from transfers or syphoning off the parachute payments. If we don't get promoted in the next two seasons our income is going to be between £10 to £20 million. That means we need rid of our high earners and, yes, to replace them with cheaper players. I wouldn't be surprised if we ended last season in debt (excluding the Allams' debt, of course) gambling on Marco Silva keeping us up.

I suspect Clucas will be sold to fund a replacement for Hernandez. If Hernandez hadn't got injured then we may well have kept him.

That we are in this mess is solely down to the failure by the Allams to build a strong enough squad to compete at championship level to ensure we are a proper yo-yo club, unlike Burnley and before them West Bromwich Albion.
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Are you serious? My god do you honestly think they are sitting there with north of $30-40m in cash and transfer receivables on the balance sheet saying "Ooh look aren't Hull Tigers rich?" **** me they've paid and continue to pay down their "gift" as much as they can with free cash flow and will continue to do so. Trouble is we can't tell on a live basis, and filed accounts are 10 months old by the time they're filed. Hence we are purely speculating.

City are truly ****ed as long as these ****s are in charge as they are obviously asset stripping whilst trying to maintain a veneer that says otherwise. Again the club is ****ed as a competitive promotion chasing club right now. God I hope I'm proved wrong, but they've openly shown themselves time and time again to be bald faced liars so its pretty safe to assume the worst.
 
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Obadiah said:
Burnley's income from transfers is £44 m and they've spent less than £14. Chris Wood would take that to around £30m which still leaves them quids in. Might be different if they've bought Clucas for £15m but I wouldn't say they've splashed the cash just yet. I wonder how much they have in the bank from the £100m plus they earned last season? I'd say if they get relegated they'd be in a good position to keep the bulk of their squad and challenge for promotion again.
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Absolutley impossible until we get somebody in whos massivley acute in the transfer market its why i wanted brentfords manager as our coach when we were relegated, we should of approached him the minute we were relegated but obviously he would of had to be backed slightly which wouldnt of happened with the current disasters in charge, be great to be ran like brentford or burnley and invest off the field om imfrastructure to increase our financial income through other avenues while being shrewd in the transfer market, one can dream though

Anybody else finding it crackers ehab was even at the game yesterday, for something hes sucking the life out of and left with a threadbare unbalanced squad why would you even attend he obviously has no interest in us as a sporting team anymore, just hoping that he was showing us off to potential buyer

Last time i remember things being this toxic were the fish/dolan era, seems we had abit more fight as fans back then though even though far lesser were involved, we just seem to be tootling along doing nothing at the minute hoping the current nightmare ends
 
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Im taking Ehab being at the QPR game as a good sign. I cant remember the last time he went to a game and can only think its something to do with selling the club.
 
hullborn said:
Im taking Ehab being at the QPR game as a good sign. I cant remember the last time he went to a game and can only think its something to do with selling the club.
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Anybody with him that looks like a potential buyer.

Maybe he went to watch the next club he is interested in buying once he sold us :emoticon-0138-think.
 
The word went round at half time, that Ehab was in the directors box.

The minute the second half started, there was a massive chorus of 'we want Allam out'. This was followed by a chorus of 'Ehab, Ehab, give us a wave', he foolishly waved and was met with the loudest chant of the afternoon '****er, ****er, ****er...'.

Then there was about ten minutes of vociferous chanting, pretty much the entire crowd stood up for the 'stand up, if you're Allam Out', there was 'where's the money gone', 'you said you would go' and 'greedy bastard'.

Recently, there's been a increase in Allam apologists on social media, it seems none of them were at QPR.
 
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LeftSaidFred said:
Are you serious? My god do you honestly think they are sitting there with north of $30-40m in cash and transfer receivables on the balance sheet saying "Ooh look aren't Hull Tigers rich?" **** me they've paid and continue to pay down their "gift" as much as they can with free cash flow and will continue to do so. Trouble is we can't tell on a live basis, and filed accounts are 10 months old by the time they're filed. Hence we are purely speculating.

City are truly ****ed as long as these ****s are in charge as they are obviously asset stripping whilst trying to maintain a veneer that says otherwise. Again the club is ****ed as a competitive promotion chasing club right now. God I hope I'm proved wrong, but they've openly shown themselves time and time again to be bald faced liars so its pretty safe to assume the worst.
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Yes, I'm serious. They voluntarily paid down the debt after we first got promoted under Steve Bruce. The debt went down by about £5.5m. The following year the debt went back up again to £78 million. They repaid just over a million of that leaving a debt of £77 million. The fair paly rules reduced the debt further as they converted the loan into shares. They then took that money out when they reduced the share capital. Given how much they are owed I'd say they haven't shown any sign of asset stripping the club, unlike Bartlett who owed us over £2 million when he sold the club.

I think we sold Livermore and Snodgrass to pay the wages of the loan players Marco Silva wanted as well as the transfer fees for the players we bought. Any cash left over paid for the share reduction.

The sales this season are to reduce the wage bill so we don't get caught under the fair play rules again and to pay for whatever strengthening we can afford. The Allams are not going to get anywhere near the £70 million they are owed from the sale of Clucas, Robertson, Harry and the Jak. The transfer fees will be paid in instalments and may include fairly substantial add-ons. Do you think we'll receive any money from Snodgrass' add-ons? I doubt it. Which shows how quickly what seems like an asset can become worthless.

Knocking £20 or £30 million off the debt doesn't make sense and is contrary to how they have run the club in the past. That doesn't mean its not possible but I don't think its probable.
 
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Obadiah said:
Yes, I'm serious. They voluntarily paid down the debt after we first got promoted under Steve Bruce. The debt went down by about £5.5m. The following year the debt went back up again to £78 million. They repaid just over a million of that leaving a debt of £77 million. The fair paly rules reduced the debt further as they converted the loan into shares. They then took that money out when they reduced the share capital. Given how much they are owed I'd say they haven't shown any sign of asset stripping the club, unlike Bartlett who owed us over £2 million when he sold the club.

I think we sold Livermore and Snodgrass to pay the wages of the loan players Marco Silva wanted as well as the transfer fees for the players we bought. Any cash left over paid for the share reduction.

The sales this season are to reduce the wage bill so we don't get caught under the fair play rules again and to pay for whatever strengthening we can afford. The Allams are not going to get anywhere near the £70 million they are owed from the sale of Clucas, Robertson, Harry and the Jak. The transfer fees will be paid in instalments and may include fairly substantial add-ons. Do you think we'll receive any money from Snodgrass' add-ons? I doubt it. Which shows how quickly what seems like an asset can become worthless.

Knocking £20 or £30 million off the debt doesn't make sense and is contrary to how they have run the club in the past. That doesn't mean its not possible but I don't think its probable.
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The most sense spoken in here for a while
 
Hutch-tiger69 said:
Last time i remember things being this toxic were the fish/dolan era, seems we had abit more fight as fans back then though even though far lesser were involved, we just seem to be tootling along doing nothing at the minute hoping the current nightmare ends
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It's a good point, and something I just don't get.
I remember those earlier years.
People getting excited now because Burnsy is finally asking something like serious questions. Along with a few chants. But that's about it.
It's not like the Allams live on the other side of the world, or even the country, or even the county.
 
Cortez91 said:
One of the FB groups have found an Ehab Allam account and have started messaging it. Wonder how that'll turn it. Seems to be real with some of the earlier posts on the account.
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My mate showed me that.

It's not real, anyone who thinks so is a complete moron. Sorry.
 
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