Its sensible business by Leicester to get HM to sign a longer term deal with the knowledge a club like Man Utd are after him as it ups the price when the inevitable happens. The sell on clause still remains so if any deal goes through and at a higher cost then Hull City get more money which is unfortunate as it may mean the Allams stick around a bit longer to drain the last drop of blood out of City.

SMC lose £1.9m in the latest accounts, and now owe "Hull City" £13.6m.

City made a profit of £23.7m in the same period.

Allams will go when the last parachute payment is paid they’ll squeeze the last penny out of it

I agree they will go in January

Only if someone is buying. Even after the next parachute payment there is still a big chunk of debt across the club and smc

I was talking to my brother in law who’s a massive city fan (he loves to tell me on CC final day 1980 he was at city) that they’ve taken upwards of 80 million out of the club during there time and could actually hand the club over virtually for nothing and that there not that interested in a sale as such

City currently owe the allams £63m and the smc debt is £16m with around £15 net transfer fees due and £30m or so in parachute payments left so they're far from repaid

Since the allams took over City have received at a conservative estimate about £500 million from the premier league and they haven’t exactly gone on a spending spree

… and their loans to city have generated a tidy sum in interest.

They've had nowhere near £500m. It was only in their 2016 season that the big money came in and in any case how much do you think they've spent on wages, transfer fees and other running costs in the same period?. Last season they actually made a trading loss despite the parachute payment and it was only transfer fees that resulted in the annual profit.
I'm sure the allams are levying interest and management fees but the fact remains that city and the SMC owe them a huge amount of money and he won't walk away from it

I'll be careful and state from the off that I'm sure that it is all within the letter of the law, but the one thing the Allam's have been good at is moving around money to ensure that the maximum moves to themselves and the minimum to anyone else, including the taxman. It's being very good to them and paper losses are good at minimising tax bills - look at Amazon for example.

Nobody's idea of benefactors to society.

They’ve received near to a £100 million 3 times as the money pre 2016 wasn’t small it was near enough the same so believe me what the allams are owed on paper is only on paper as well as this money there are also all the other revenue streams this isn’t RL

I can't be assed to even look but "near to" £300m (and I reckon it's nearer £250m) is a fair way off the £500m you originally quoted plus how much have they spent on wages, transfer fees and running costs in the interim and how much did they spend to bale city out?

I don't like the allams and have no doubt they've taken what they can back out of city but the fact remains there is best part of £80m debt on the club owed to the allams and they won't walk away from it

Like I said football has a lot more revenue in sponsorship and the like the fact is city have had a hell of a lot of money and to me in the beginning the allams put a lot in but the last few seasons they’ve been working on a shoestring while still raking in a fortune I’m not particularly bothered as I’m a Leeds Utd fan but there is a reason why they didn’t sell when they had a chance while they where a PL club

Are you from Leeds “fun time Frankie”

No Hull

I see Paul Duffen is heading the latest consortium to buy City.

Anyone remember if AP and Duffen were ever good mates?

I read something the other day saying that whoever the money men are want the land around the stadium (and presumably the stadium itself) and are planning investments in the city presumably to sweeten the council. I can see it being a case of out of the frying pan and into the fire for us

Duffen was the one who knocked the concerts at the KCOM on the head, IIRC.

he also had a hand in stopping rl internationals being played at the kc.another idiot.

Would have to be two separate transactions given that City don't own the land or the buildings.

As for Duffen, Not only did he put a block on big events occuring at the stadium, he was also known for making condesending remarks about RL fans.

He also allegedly pocketed money from over inflated transfer fees whilst at Hull City.
Not the sort we need back at Hull City as a Chairman.
Would rather have a low profile Chairman unlike Duffen who likes the limelight too much

For anyone interested on the Hull City Not 606 website a topic "Financial History of Hull City under the Allams" has been posted by a pretty reliable Accountant using Company House data. Estimate of all income received by City since August 2010(Allams took over the following Dec) is given as 603 Million Pounds.

I just read that. That figure does include transfer fees and any other income. As I said, city have had nowhere near £1/2bn from the PL

The same poster also says the allams haven't been skimming any money off. I guess it's just expensive running a football club

yeah i can see that. city's wage bill in the last premier league season was £66m - incidentally the lowest in the league. the next season in the championship they were still paying several big contracts. so over a period 2010 to 2018 they would easily have spent as much as they earned when you factor in the other costs outside the wages. one problem for them is the low commercial income (£6m est.), Chelsea by way of comparison get commercial income of £140m and middling clubs like southampton and swansea brought in more than twice the city amount