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Discussion in 'Hull City' started by Chazz Rheinhold, Jul 3, 2025.

?

What’s gonna happen

  1. Temporary blip

  2. Complete ****ing collapse

  3. It’ll all be ok

  4. Relegation

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  1. Kalman II

    Kalman II Well-Known Member

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    IMG_1335.jpeg

    To be fair, Villa’s CFO sounds like a clown too.

    Still our fault though because the club should be aware that the EFL’s ‘Persistent Default’ rule isn’t superseded by Villa’s CFO saying ‘yeah, mate, just pay us whenever, or not at all since we owe you money for Philogene’.

    Completely amateurish.
     
    #3221
  2. TinpotTiger

    TinpotTiger Well-Known Member

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    The CFRU (EFL Club Financial Reporting Unit) submitted that:
    a. This was a serious breach. On its case, it was a failure to pay £830,077.77 to Club A over 311 days
    b. The Club hoped it could get away without paying Club A and tried to avoid paying for as long a period as possible. When matters eventually came to a head at the end of June, Club A’s CFO of Club A stated in an email on 30 June 2025:
    “We can’t afford to keep funding your cashflow.”
    c. The default in payment was deliberate: it could not pay and did not pay.
    d. The Club has unreasonably disputed the breach. It argued that the Club “has sought to identify self-serving arguments as to how it was entitled not to pay sums it owed while accepting that it could not have paid those debts.
    e. The Club took no steps to remedy the breach. It submitted the Club “sought to lie low in the hope that it could get away without paying Club A sooner”

    damning stuff really. Proves we've got a bunch of idiots in charge. Needs to be serious change or we're not getting past the suspended restriction.
     
    #3222
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  3. Steven Toast

    Steven Toast Well-Known Member

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    Absolutely right.

    So can we now drop the idea that this was all a big misunderstanding as the evidence clearly shows the club deliberately avoided paying the money owed because of reasons our owner invented?
     
    #3223
  4. Drew

    Drew Well-Known Member

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    I’m slightly surprised that the third window was suspended after all this.
     
    #3224
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  5. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    But, but he's not skint and it's all made up...
     
    #3225
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  6. Howdentiger2

    Howdentiger2 Well-Known Member

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    Don't worry GFAW will be along soon. To tell us it's all made up rubbish and Acun is just a poor misunderstood fella and it's all "one family"
     
    #3226
  7. TinpotTiger

    TinpotTiger Well-Known Member

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    I did think the 3 window suspension was a bit mad if there really was just a bit of uncertainty in whether or not we could use the philogene sell on/transfer cash to cover the Barry loan fee. Appears that wasn't the case at all and we just buried our heads in the sand over it.

    Alarm bells should now be ringing through the fan base over Acun's ability to run the club (if they weren't already for some people).
     
    #3227
  8. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    Yeah, but it's all supposition and heresay and there's no actual evidence...

    ...oh, wait.
     
    #3228
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  9. pcworks

    pcworks Well-Known Member

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    I have a had quick skim through the documents, but Hull City, the management and Acun don't come out of the EFL appeal review smelling of roses...

    I have a feeling the next Acun Q&A session might be interesting, better guard the fire alarm button in case.
     
    #3229
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  10. Kalman II

    Kalman II Well-Known Member

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    City tried to argue we would’ve made the payments to Villa on time if Trabzonspor paid us on time for, presumably, Tufan.

    Just dodgy as ****. Acun must’ve thought he could blag his way out of it because clubs in Turkey are all unreliable when it comes to paying on time. Trabzonspor have form for this as well. Look up the legal mess of their payments to Kasımpaşa for Doğucan Haspolat and Eren Elmalı.
     
    #3230
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  11. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    As have I. Confirms what we knew prior to Derby. We didn't pay because we couldn't pay, not some administrative misunderstanding similar to Oxford.
     
    #3231
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  12. Steven Toast

    Steven Toast Well-Known Member

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    Yare yare.

    Our owner is clearly a bit of a Del Boy and even if he has the best of intentions and this was genuinely a product of naive stupidity, if the club gets punished either way then to me it’s no different to us being deliberately led to the same result through malicious activity.
     
    #3232
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  13. Howdentiger2

    Howdentiger2 Well-Known Member

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    A bit of a del boy is putting it politely
     
    #3233
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  14. Kalman II

    Kalman II Well-Known Member

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    Lmao we agreed to pay Barry’s full salary of £34K-a-week when we loaned him.
     
    #3234
  15. WYT

    WYT Active Member

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    Pretty sure Baz said the club were positive and felt that the hearing had gone well <laugh>. Didn't he said it wasn't an 'appeal' and that it was a case of working with the EFL to find a way forward that suited everyone. What a load of bollocks, more PR spin.
     
    #3235
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  16. Steven Toast

    Steven Toast Well-Known Member

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    Exactly, it was explained to us that we didn’t pay because we thought were owed that money and because we hadn’t, it relieved us of the obligation to pay our other debt. But that isn’t how it works. If you are selling your house to gain income, waiting on the sale to go through and meanwhile you go out and buy a new car, you can’t stave off the bailiffs by claiming that the house money isn't in your account so you didn’t have to pay for the car.

    Acun isn’t daft and like Kalman said, it might be all the rage in Turkey to have debtors in hand in order to skirt paying loan fees (wouldn’t surprise me if we did it to Besiktas) but the EFL is a different box of cheese.
     
    #3236
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  17. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    He reports what he's told.
     
    #3237
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  18. bradymk2

    bradymk2 Well-Known Member

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    please log in to view this image
     
    #3238
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  19. Ric Glasgow

    Ric Glasgow Well-Known Member

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    I can't understand why the Club were at pains to tell us that they were confident of having all this overturned?It's blatant lies and the little trust I did have left has gone for me!!

    The owner should have been preparing to address the fans on Saturday instead of swanning around Prinny Ave looking for photo opportunities...
     
    #3239
  20. Kalman II

    Kalman II Well-Known Member

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    City’s entire argument for the appeal rested on a single email from Villa’s CFO that said we could maybe delay the payments for the loan fee and wages due to City being owed some money for Philogene.

    This was after the club received official invoices from Villa in February, March, April and May. The club didn’t bother paying it until Villa’s CFO emailed to say ‘we can’t keep supporting your cash flow, pay us the amount in full by the next working day or we’re notifying the EFL’ <laugh>

    ****ing ridiculous way to run a lemonade stand, let alone a football club.
     
    #3240

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