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So it's Hull City when he loses money

Discussion in 'Hull City' started by charon-the-ferryman, Apr 22, 2016.

  1. charon-the-ferryman

    charon-the-ferryman Well-Known Member

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    #1
    charon-the-ferryman, Apr 22, 2016
  2. bum_chinned_crab

    bum_chinned_crab Well-Known Member

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    #2
    bum_chinned_crab, Apr 22, 2016
    dennisboothstash likes this.
  3. Dr.Stanley O'Google, HCFC

    Dr.Stanley O'Google, HCFC Well-Known Member

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    I'd love to know what that link led to, but Hull Daily Mail?

    Pffft...
     
    #3
    Dr.Stanley O'Google, HCFC, Apr 22, 2016
  4. balkan tiger

    balkan tiger Well-Known Member

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    Hull City relegation cost Assem Allam £100m
    By Hull Daily Mail | Posted: April 22, 2016

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    SMALLER FORTUNE: Assem Allam's family fortune took a hit from Hull City's drop out of the Premier League.


    Comments (23)
    Hull City's relegation to the Championship cost owner Assem Allam £100m, the Sunday Times Rich List 2016 has revealed. The annual list also saw East Yorkshire brothers Eddie and Malcolm Healey drop off the top spot in Yorkshire for the first time since 2011, with the pair losing £70m in the past year.

    The Tigers' demotion at the end of last season led to the Allam family's fortune dropping to £240m – making them the 18th richest family in Yorkshire.

    But Philip Beresford, who compiled the list, said the possibility of a promotion this year would see the Allams return to a stronger position.

    "The reason for the £100m loss is that Hull City is less valuable now it is no longer in the Premier League," Mr Beresford said. "It is as simple as that. There is no other reason, because his main business is going along swimmingly.



    Read more: http://www.hulldailymail.co.uk/Hull...tory-29154008-detail/story.html#ixzz46ZGz8lix
    Follow us: @hulldailymail on Twitter | HullDailyMail on Facebook
     
    #4
    balkan tiger, Apr 22, 2016
    Dr.Stanley O'Google, HCFC likes this.
  5. onlyme

    onlyme Active Member

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    so where did mr allam call hull city,hull city?
    looks like hdm called hull city,hull city!
     
    #5
    onlyme, Apr 22, 2016
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  6. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    Yep.
    The Healeys lost 70 million and they dont own a football club. Useless bastards.
     
    #6
    Chazz Rheinhold, Apr 22, 2016
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  7. Chilton's Hundreds

    Chilton's Hundreds Well-Known Member

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    I wouldn't take much notice of the Rich List.

    Most wealth is hidden from prying eyes.
     
    #7
    Chilton's Hundreds, Apr 22, 2016
  8. Idi Amin

    Idi Amin Well-Known Member

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    Good, Healeys nobbers and deserve it!
     
    #8
    Idi Amin, Apr 22, 2016
  9. Edelman

    Edelman Well-Known Member

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    Does the club have debt ??
     
    #9
    Edelman, Apr 22, 2016
  10. Obadiah

    Obadiah Well-Known Member

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    It owes about £80 million to Allamhouse and Allam Marine. On top of that there will be the balance of the transfer fees. It appears the rich list says the loan will not be repaid, as a result Hull City is worth less than they thought and hey presto he is £100 million worse off.
     
    #10
    Obadiah, Apr 22, 2016
    Stockholm Tiger likes this.

  11. tigerscanada

    tigerscanada Well-Known Member

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    Looks like I'll be contributing a further 480 quid to that shortfall next season !
    Edit: I forgot to add in the cost of beers.
     
    #11
    tigerscanada, Apr 23, 2016
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