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So now we know what the EFL is going on!

Discussion in 'Hull City' started by The Omega Man, Jul 7, 2021.

  1. Howdentiger2

    Howdentiger2 Well-Known Member

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    Pretty sure if the allams didn't take the loan but sold KLP or someome else instead, they would of been slated for that.

    Personally I'd rather take the loan and keep the players all day long. Not sure why people think it's a bad thing. Interest free, hasn't stopped us having a pretty decent transfer window so far and we haven't lost anyone we didn't want to... It's a win win for me
     
    #41
    Last edited: Jul 10, 2021
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  2. ....

    .... Well-Known Member

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    that statement to me is prep for the sale of a couple of players ... the last paragraph says a lot
     
    #42
  3. tigermaul

    tigermaul Well-Known Member

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    Could we perhaps have a new thread title which describes what this actually is?
     
    #43
  4. Kempton

    Kempton Well-Known Member

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  5. Kalman

    Kalman Well-Known Member

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    Keep in mind we've been constantly told that City has no external debt; only the debt to Allamhouse.

    This means the money-grubbing ****s took out an interest-free loan in the club's name to pay off part of the debt the club owes to them. Am I right in thinking we were the only League 1 club to take this 'crisis' loan? If so, we're not "one of the best-run clubs in the country"; we were arguably the worst-run club in League 1.
     
    #45
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  6. Kevin Francis

    Kevin Francis Well-Known Member

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    Where's all the money gone ehab?
    Why does the best run club in the country need a crisis loan?
    How much interest have you're family taken over the life of your dads "gift"?
    Are you a liar or just thick?
    All questions that still haven't been answered and probably never will be.
     
    #46
  7. City Man

    City Man Well-Known Member

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    Worst-run but who went up as champions.....
     
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  8. City Man

    City Man Well-Known Member

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    And he still hasn't apologised to all the needy fans....
     
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  9. Kempton

    Kempton Well-Known Member

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    CHAMPS :emoticon-0136-giggl
     
    #49
  10. originallambrettaman

    originallambrettaman Mod Moderator
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    We're one of three under embargo, Fleetwood and Gillingham also took out the loans and didn't repay them, other clubs probably also took out the loans, but as long as they've repaid them, we won't know about it. The terms of the loans will not have allowed them to pay any of it to themselves.
     
    #50

  11. cheshireles

    cheshireles Well-Known Member

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    I can hear the allams now, we wanted to invest some nominal funds into player transfers but the efl embargo precluded this! Absolutely taking the loan works for them in more ways than one
     
    #51
  12. originallambrettaman

    originallambrettaman Mod Moderator
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    That said, it will be interesting to see what the EFL think about a club taking an interest free hardship loan designed to keep clubs in business during a pandemic, then pay themselves a couple of million in interest.
     
    #52
  13. balkan tiger

    balkan tiger Well-Known Member

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    Need to keep separate the club, the Allams and Allamhouse. The old man is / was an accountant no idea what Ehabs specialist subject is, they have shown in the past that they are good at reading small print and interpreting things their own way and still keep within the letter of the rules.

    They may be ****s but they're not daft.
     
    #53
  14. Gone For A Walk

    Gone For A Walk Well-Known Member

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    It now fits with what he said in that interview a few weeks back. Something like "we won't be paying any transfer fees". He didn't say why of course.

    City Man you just don't get it do you. Or are you really an Allam apologist?
    Yes, we went up as Champions ..... of Division 3. That was great. Well done McCann, some redemption after the **** show the previous season, and the lads. But let's not confuse a good season on the pitch with what ****s (in terms of our football club) the owners are.
    I don't mind them cutting their cloth accordingly, very sensible, but they continue to be: Compulsive liars. Arrogant obnoxious twats who don't give a **** about us. Refusing to let go of the club unless they get an utterly ridiculous amount back on their gift (ergo we aren't really for sale), meanwhile they've milked it with their interest payments. The list goes on and on.
     
    #54
  15. John Ex Aberdeen now E.R.

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

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    The Cynic in me leads me to believe this situation suits the owners down to the ground. They have an excuse to blame the EFL for imposing these restrictions, which in truth is music to their ears.
     
    #55
  16. Gone For A Walk

    Gone For A Walk Well-Known Member

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    No may about it.
    And they are daft. Some of their actions over the years have shown how daft they are, although much of that has to do with their arrogance, vindictiveness, stubborness, etc. Decimating your fan base is not very clever.
    But yes, they appear to be smart in some other regards as you allude to.
     
    #56
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  17. originallambrettaman

    originallambrettaman Mod Moderator
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    I've no doubt they'd claim that the debt to Allamhouse is no different to a debt to an external lender and the EFL would have no issue with them servicing existing debt to a lender, but it's not the same and I doubt the EFL will be overly impressed. Not that the Allams will give a ****.
     
    #57
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  18. Gone For A Walk

    Gone For A Walk Well-Known Member

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  19. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    Surely they’re separate things
    Every club will have taken this loan
    Some have obviously paid it back
    The allams are savvy about money
    I don’t see any problem with this at All
    Who wouldn’t take an interest free loan
    And the conditions aren’t too bad anyway as most clubs aren’t splashing the cash anyway
    But I can sense the high horse brigade seeing an excuse not to buy a membership
     
    #59
  20. Ric Glasgow

    Ric Glasgow Well-Known Member

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    What's an 'Allam apologist'? Is it just another way of describing someone with a different opinion to yours?
     
    #60

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