No it doesn't. I think you're confusing doing the right thing with doing what they are doing.
They're getting their money back with minimal risk.
One question. Are they going to get all their investment back and all their money owed plus more.
The ballot...
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They're getting their money back with minimal risk.
One question. Are they going to get all their investment back and all their money owed plus more.
I'm not sure. It depends on what money Hull City earned after December. including the insurance pay out for Ryan Mason. If they sell they'll get the debt paid, they may get a bit more given the parachute payment next season. If they're not sat on £60 million the ferryman will be waiting for his payment.
I doubt it. Like it or not there are still more than plenty (a majority) that are quite happy to keep donating to the Allam hedge fund.
Is it that black & white? As far as I'm concerned it's something we will never know, there could be many ways they've made money from the club that we wouldn't have a clue about. What wage are they paying themselves for starters?
Sod it I couldn't resist
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It has been mentioned many times before. Allam was pissed off when he found out that arrangements had been set up by Pearson when he bought the club and took control of the SMC for City to buy so many season tickets and corporate seats and if they weren't sold City stood the cost. Can't remember the exact figures, I am sure OLM or someone will recall, but in effect City were subsidising FC to the tune of around £200,000 a year. This is why, I think, Allam started insisting FC paid for the pictures being displayed and other things they were supposed to pay but hadn't.
Ironic when FC fans in those days this was set up considered Pearson the devil incarnate.
The people who got my reference in reply to they didn't have a clue what to do are showing they areof a certain age.
I was asked what wage they were paying themselves and the answer to that question is nothing.
Sorry oh great one.... Although not in the conventional way, id say the allams deciding what interest they pay themselfs on money they have loaned the club is in fact paying themselves.
I know we'd been subsidising Hull. I thought it was just by paying a higher rent, I hadn't heard about this.
My memory’s terrible, but as far as I remember, that deal that FC benefitted from was entirely based on corporate sales.
When the KC was built, it was decided that the SMC would handle corporate sales, as everyone would benefit from one organisation trying to sell joint corporate passes for both sports (it wasn’t just the two clubs either, when it first opened, gigs were seen as a major draw and were heavily promoted as one of the benefits of being a corporate member).
Both clubs were given a minimum guarantee on a percentage of the corporate ticket sales and City getting to the Premier League saw the corporate area sold out and FC benefitted from those sales.
The reasons behind the arrangement were perfectly reasonable and the amount that FC got was actually very small as a percentage of income, but the principal of it obviously pissed the Allams off.
When the KC was built, it was decided that the SMC would handle corporate sales, as everyone would benefit from one organisation trying to sell joint corporate passes for both sports (it wasn’t just the two clubs either, when it first opened, gigs were seen as a major draw and were heavily promoted as one of the benefits of being a corporate member).
Both clubs were given a minimum guarantee on a percentage of the corporate ticket sales and City getting to the Premier League saw the corporate area sold out and FC benefitted from those sales.
The reasons behind the arrangement were perfectly reasonable and the amount that FC got was actually very small as a percentage of income, but the principal of it obviously pissed the Allams off.