The price of football looking at Allamhouse accounts

Discussion in 'Hull City' started by pcworks, Jul 20, 2021.

  1. pcworks

    pcworks Well-Known Member

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    The excellent Kevin Maguire from the Price of Football podcast and website has been looking at the Allamhouse accounts. He states that Allamhouse has £20m in capital reserves in the bank.

     
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  2. robingram02

    robingram02 Well-Known Member

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    But it was a gift?
     
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  3. Blaknamberblood

    Blaknamberblood Well-Known Member

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    The gift that keeps on giving !
     
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  4. City Man

    City Man Well-Known Member

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    It's his business he can do as he wants
     
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  5. City Man

    City Man Well-Known Member

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    He'll be gone within 24 hrs
     
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  6. City Man

    City Man Well-Known Member

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    zzzzzzz.....any more?
     
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  7. AlRawdah

    AlRawdah Well-Known Member

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    You sent yourself to sleep. Now you know how the rest of us feel.
     
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    GLP, Mr Hatem, rovertiger and 2 others like this.
  8. City Man

    City Man Well-Known Member

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    Miaow !
     
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  9. Ron Burguvdy

    Ron Burguvdy Well-Known Member

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    Maybe the meant the German meaning of gift?
     
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  10. City Man

    City Man Well-Known Member

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    The Allams arrived on the scene in late 2010- and people still quoting this stuff.
     
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  11. AlRawdah

    AlRawdah Well-Known Member

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    upload_2021-7-20_17-51-39.png
     
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  12. City Man

    City Man Well-Known Member

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    #12
  13. Howdentiger2

    Howdentiger2 Well-Known Member

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    He could of told us what the debt amount still is..

    A business having £20m working capital in the bank surely must be a good thing? ( If I'm wrong then fair does, accounts I have no idea about )
     
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  14. City Man

    City Man Well-Known Member

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    No no no you're totally wrong.

    They're complete idiots, clueless and don't know what they're doing.
     
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  15. Howdentiger2

    Howdentiger2 Well-Known Member

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    I'd gladly be a complete idiot, clueless and don't know what I'm doing if it meant £20m sat in my account
     
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  16. Drew

    Drew Well-Known Member

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    I'm no accounting expert either, but did we need to take the grant from the EFL that led to the embargo if we've got £20m stashed in the bank?
     
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  17. Howdentiger2

    Howdentiger2 Well-Known Member

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    Why wouldn't you? It's a grant that you only have to pay back if you do xyz... Take it, bank the money and just pay it back if and when you need to, if you don't then it's free money.... Smart move
     
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  18. Drew

    Drew Well-Known Member

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    Fair enough, as long as it doesn't get in the way in the future. Which, you're right, I suspect it might not.
     
    #18
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  19. originallambrettaman

    originallambrettaman Mod Moderator
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    He doesn’t know what the club debt is, these are Allamhouse accounts, rather than City’s (so are based on last year’s City figures).

    Though it’s interesting to see that the massive drop in overall income came from Allam Marine, rather than City.
     
    #19
  20. Howdentiger2

    Howdentiger2 Well-Known Member

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    Could that mean ( crossing fingers ) that chucks of the debt where paid back? Would that all fall under income from city or would it be separate?
     
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