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New owner confirmed…

Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

  1. John Ex Aberdeen now E.R.

    John Ex Aberdeen now E.R. Well-Known Member

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    Well, here we go again, has this one got legs or not? Having done business in both Turkey and Egypt the negotiations, if this is true, are not going to be easy I can tell you.
     
    #19601
  2. rovertiger

    rovertiger Well-Known Member

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    Does that lower price also include the debt of the SMC?
     
    #19602
  3. Stockholm Tiger

    Stockholm Tiger Well-Known Member

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    I would absolutely in less than a second. Doesn't mean I don't think its time for a wage cap though.
     
    #19603
  4. Kempton

    Kempton Well-Known Member

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    Couldn't agree more.
     
    #19604
    Stockholm Tiger likes this.
  5. willyfog

    willyfog Well-Known Member

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    Sophie Ellis-Bextor I believe
     
    #19605
  6. Baldrick's Cunning Plan

    Baldrick's Cunning Plan Well-Known Member

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    #19606
  7. balkan tiger

    balkan tiger Well-Known Member

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    good question.
     
    #19607
  8. Gone For A Walk

    Gone For A Walk Well-Known Member

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    -> Bit nervous about this one, but at least he has a track record of involvement in a football club previously. I still think we're one of the best and most exciting opportunities for a potential buyer, and with the right owner coming in really could shoot up the table. The Championship really won't be a strong division this coming season.

    Without black & amber tinted glasses on, can someone explain why they think this is the case?
    When there's talk of this FFP advantage, does anyone (on here) really know what that potentially means for us?
    Off the top of my head .......

    +
    Squad virtually clear of dead-wood
    Low salaries (conversely that has a flip side, meaning it's a sign that we don't have any real 'experienced quality' in the squad)
    Likely immediate good will toward a new owner IF they approach it right
    Some promising young players (however, we are far from unique in that, and the academy is 'only' 2nd level and the facilities are not our own assets)
    FFP advantage (IF that is really still an advantage and one that really does mean something)
    Still seen as being a recent-ish PL team
    Interesting 'brand' to market (Hull City AFC - The Tigers)

    -
    Decimated fan base
    Fickle fan base (there's a link to the 1st point)
    SMC complications (shared ground, cost, hassle, relations with FC, ....)
    Don't own our own ground
    Problematic track record with HCC
    Limited capacity (in PL terms)
    Competition of 2 x RL teams in the same smallish City
    Increased competition now in wider catchment area with TWS being PL and doing well
     
    #19608
  9. originallambrettaman

    originallambrettaman Mod Moderator
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    Assuming it was a fairly standard deal, with the fee spread across three seasons, it's likely that there's at least another £6-7m to come.
     
    #19609
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  10. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Yes.

    FFP grants clubs an 'allowable loss' over a period of three seasons, of which we have had none, meaning that a new owner could roll the dice over 1-2 seasons building a squad to tilt at promotion. I believe there are further offsets around the Academy and other things we've invested in that would put us in an even better position. With the losses and wage bills of current Championship clubs by comparison, that puts us in an incredibly healthy position.

    Even ignoring FFP, we are one of the only clubs in the Championship, let alone the EFL, with a healthy wage bill to revenue ratio. Believe Swiss Ramble or Price of Football produced analysis around this and the healthy position we have put ourselves in. Many will say that we have been asset stripped, but it's left us in a position that was incredibly tenable over COVID - granted, helped by transfer fees for Bowen and Maguire.

    We are a one club city meaning the catchment area for fans is massive, as well as the catchment area for youth players in the Academy. There's a lot of 'fresh air' in the city for City to market itself in, outside of the Rugby League clubs of course.

    I think there's a lot of opportunity for a new owner to harness the good will of supporters and ride a crest of optimism with the club over the next 2-3 years by which point the club could find itself in the PL with shrewd investment.

    At a possible fee of $15m up front that paints the picture of an incredibly appealing club for investors.

    Compare that to Derby for instance, who are a complete mess.
     
    #19610
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  11. Barchullona

    Barchullona Well-Known Member

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    If only we had a decimated fan base. We would only have lost one in ten of our fans instead of more than one in two.
     
    #19611
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  12. balkan tiger

    balkan tiger Well-Known Member

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    I can't see the Allams giving up the club for $15m and another 6 or 7 million quid later.

    Then there is the SMC which is16 million in debt, they will probably take the chance to offload it onto the council.
     
    #19612
  13. Barchullona

    Barchullona Well-Known Member

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    The council and Saint Adam have made plenty of noises about how the SMC should be run. If push came to shove would either of them grasp the opportunity to show everybody how it's done? I have my doubts.
     
    #19613
  14. originallambrettaman

    originallambrettaman Mod Moderator
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    AP did grasp the chance, he's the reason the SMC is run by the owners of Hull City, he obviously wouldn't take it now the Allams have loaded it with over £16m of debt.
     
    #19614
  15. TIGERSCAVE

    TIGERSCAVE Well-Known Member

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    #19615
  16. cheshireles

    cheshireles Well-Known Member

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    I suspect that more funds are due in based on Harry's sell on clause when he moved to Utd
     
    #19616
  17. TIGERSCAVE

    TIGERSCAVE Well-Known Member

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    Question, has this Turk ever heard of Rugby League...?
     
    #19617
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  18. originallambrettaman

    originallambrettaman Mod Moderator
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    That was £10.2m and was two years ago, I'd assume we'd have had most of that already, maybe a third of it to come this July.
     
    #19618
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  19. The Omega Man

    The Omega Man Well-Known Member

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    Not anymore, the fees financed last season. WHU paid in full.
     
    #19619
  20. originallambrettaman

    originallambrettaman Mod Moderator
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    They hadn't in September - “Surprisingly we do still have interest. We are in a different league, and the price is lower, and we still have lots of money to come from the sale of Jarrod Bowen (to West Ham in January). Compared to some other clubs we are in good shape“. Ehab Allam
     
    #19620

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