The accounts

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originallambrettaman said:
The Allams have now taken £21m in interest payments on their 'gift', in addition to using group losses to avoid paying any tax on the profits of Allam Marine (I make those profits roughly £60m during the period they've owned the club). There's also the mysterious trebling of the admin costs from £3m a year in 2013, to £9.4m last year) all of which means they're not far off having had back all the money they put in, while still being owed it all. Nice work if you can get it.
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I really hope they don't get away with this, makes my blood boil.
 
originallambrettaman said:
The Allams have now taken £21m in interest payments on their 'gift', in addition to using group losses to avoid paying any tax on the profits of Allam Marine (I make those profits roughly £60m during the period they've owned the club). There's also the mysterious trebling of the admin costs from £3m a year in 2013, to £9.4m last year) all of which means they're not far off having had back all the money they put in, while still being owed it all. Nice work if you can get it.
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Was always going to be the case wasn’t it
Sadly
 
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Its an awful lot of money to the Allams for running our club into the ground.

They must be using the the framework set out by the banks a few years ago.
 
Blaknamberblood said:
Im no accountancy expert and tbh dont really understand a lot of this .. but one glaring thing is the reduction of staff .. both playing and none playing staff .. cost cutting all round the club yet they still post admin costs as being increased. In this so called day of transparency is there not a body that challenges such reports ? Asking them to explain these so called numbers. More so given the fit and proper test for owners .. is this not an ongoing matter or is it just to ascertain if they have the funds to purchase said club which arent illegal. To me this has all the similarities of the Royston affair .. an owner embezzling funds while allegedly looking after the so called best interests of the club.
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maybe Ehabs doing the admin now and has put the cost of his crayons and his new spirograph against the accounts
 
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Don't tell him how to run his business. No ****ing wonder they haven't wanted to sell.Mind they ain't gonna get another £400 million from tv are they. nor player sales. Surely bled us dry now! Who said buying a football club was just spunking money?
 
askewshair said:
Don't tell him how to run his business. No ****ing wonder they haven't wanted to sell.Mind they ain't gonna get another £400 million from tv are they. nor player sales. Surely bled us dry now! Who said buying a football club was just spunking money?
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Have they had Premier league and parachute payments for their full tenure ?
 
Blaknamberblood said:
Im no accountancy expert and tbh dont really understand a lot of this .. but one glaring thing is the reduction of staff .. both playing and none playing staff .. cost cutting all round the club yet they still post admin costs as being increased. In this so called day of transparency is there not a body that challenges such reports ? Asking them to explain these so called numbers. More so given the fit and proper test for owners .. is this not an ongoing matter or is it just to ascertain if they have the funds to purchase said club which arent illegal. To me this has all the similarities of the Oyston affair .. an owner embezzling funds while allegedly looking after the so called best interests of the club.
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It's a private company. The only information they're obliged to publish is what is laid down in law.

They're probably charging the football club inflated Management Charges - not necessarily via Allamhouse - they could be using a company
registered in a tax haven. As long as the auditors are happy then it gets signed off and that's that.

Unfortunately, we'll never see what's gone on in the background - we can only speculate - unless some can hack into the Hull City accounts system <laugh>
 
Chilton's Hundreds said:
It's a private company. The only information they're obliged to publish is what is laid down in law.

They're probably charging the football club inflated Management Charges - not necessarily via Allamhouse - they could be using a company
registered in a tax haven. As long as the auditors are happy then it gets signed off and that's that.

Unfortunately, we'll never see what's gone on in the background - we can only speculate - unless some can hack into the Hull City accounts system <laugh>
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.Its a private company. The only information they're obliged to published is what is laid down in law. Has it ever been any different ?
 
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