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| Quote ="BIG HOWARD"will mr allam recoup his £75 million, after all there is no stadium with the team and even selling all the players would probably only fetch £30 million.
or was he serious when he said the £40 million was a gift to the people of hull'"
He isn't going anywhere until he gets his money back which he needs premier league football to do. In the mean time he receives interest on his loans and tax breaks for his other companies through the losses
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| Quote ="Brid B&W"He isn't going anywhere until he gets his money back which he needs premier league football to do. In the mean time he receives interest on his loans and tax breaks for his other companies through the losses'" but with no more money to bankroll them in the PL. I think this is a case of pursuing the stadium using the club as the route in, only thing is, he has the thing he didn't want and it is costing him dearly. He needs an exit route for his money and has no money for plan B at Melton/Ferriby (ground share plans??)
The man could retain the SMC in the hope of screwing the new owners of the football club out of more money by renegotiating City's agreement prior to the sale; ie make them responsible for maintenance of the stadium - it just becomes free cash for him - apart from our presence.
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| Quote ="Erik the not red"Allam wants it to make a loss, he uses it to avoid paying tax on his other businesses plus he scores cheap political points - a win-win for him.'"
Today's budget is taking steps to stop this, perhaps.
Quote The measure blocks tax avoidance arrangements where profits are transferred between companies in the same group for tax avoidance purposes.'"
Could make life a little more difficult if Mr Allam is unable to get round this, assuming it affects him of course.
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| Quote ="Diogenes"He can't. The agreement with the council provides that whoever owns Hull City also owns the SMC.'"
that simply isn't true.
I love these threads where the totally uninformed make stuff up, they're fun!
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| Quote ="BIG HOWARD"will mr allam recoup his £75 million, after all there is no stadium with the team and even selling all the players would probably only fetch £30 million.
or was he serious when he said the £40 million was a gift to the people of hull'"
Dont you worry, there will be a long line of people to buy city.
They are "only" worth what their inome is. Providing they stay up this year, that means, £60mill next year from the EPL, if they get relegated next season then they are nailed on £60 mill parachute payments over 4 years (£120m income over 5 years.....)
Go down this year, they are still worth £60mill Para over next 4 years...
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| Quote ="frepneyboy"Dont you worry, there will be a long line of people to buy city.
They are "only" worth what their inome is. Providing they stay up this year, that means, £60mill next year from the EPL, if they get relegated next season then they are nailed on £60 mill parachute payments over 4 years (£120m income over 5 years.....)
Go down this year, they are still worth £60mill Para over next 4 years...'"
Wage bill and debts are heavy though, and they have barely any assets (training ground in Cott only)
a prospective buyer would wait till they went in administration, cleared the debts then put a bid in.
wouldn't be surprised to see a bid from Pearson & his consortium if they did go in to administration, they've tried and failed to get Leeds repeatedly, and it'd be a perfect opportunity to get control of City, FC, The SMC, and the council would sell him the stadium for the right money. Depends what funds his backers have of course, he can't do it alone.
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| Lost track of this a bit. Looking at the City Independent site they seem to think the vote will be next week, midweek, with people having to go to the KC to cast their vote in person. Not sure how this will capture the "silent majority." They also point out that the closing date for voting will be past the deadline for final submissions to the FA in advance of the hearing, and therefore inadmissible as evidence/argumentation. With this level of buffoonery I suggest the Allams apply to run the RFL.
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| Quote ="Mrs Barista"Lost track of this a bit. Looking at the City Independent site they seem to think the vote will be next week, midweek, with people having to go to the KC to cast their vote in person. Not sure how this will capture the "silent majority." They also point out that the closing date for voting will be past the deadline for final submissions to the FA in advance of the hearing, and therefore inadmissible as evidence/argumentation. With this level of buffoonery I suggest the Allams apply to run the RFL.'"
That would be good for the likes of us if it involved FC. 60+ miles to vote. Although if it was for something as ludicrous as this it might be worthwhile.
Sounds like one of Rules ballots.
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| but WHY is this on our forum ?
Nothing to do with Hull FC,
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| Quote ="TrevLovesJanice"but WHY is this on our forum ?
Nothing to do with Hull FC,'" Don't read it then - this is the 5th time you've posted on it.
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| It's still all about the stadium, Trev, the agenda's never changed, just the methodology. This is just the Allams' version of the knight leaping one square forward and two to the side to provoke the motionless rook.
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| Quote ="WormInHand"It's still all about the stadium, Trev, the agenda's never changed, just the methodology. This is just the Allams' version of the knight leaping one square forward and two to the side to provoke the motionless rook.'" sounds as though you enjoy a game of chess.
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| I still haven't yet worked out the subtleties of the vote....
Quote
1. Yes to Hull Tigers with the Allam family continuing to lead the club.
2. No to Hull Tigers.
3. I am not too concerned and will continue to support the club either way.'"
Is it a way of improving the chances of getting 1. plus 3. greater than 2. ??
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| I vote "Don't Know".
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| If pearson took us to our most successful period ever I wouldn't care what he called the club. Storm in a teacup. Changing names had a massive negative impact on the likes of wigan RL, leeds RL and bradford northern
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| Quote ="Jake the Peg"If pearson took us to our most successful period ever I wouldn't care what he called the club. Storm in a teacup. Changing names had a massive negative impact on the likes of wigan RL, leeds RL and bradford northern'"
Hull sharks was a massive master stroke as well
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| Quote ="fc baldy"Hull sharks was a massive master stroke as well'"
The state of the club at the time had zilch to do with the name change though and I don't remember any particular negativity from the fan base. The fact it is poorly perceived now looking back is more to do with lloyd than the club name
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| Quote ="ccs"
Very OT..
From HDM "Hull City Council has agreed to spend £10,000 to become an associate partner for this year's British Open squash championship, which will be held at the KC Stadium in May"
'"
Yes, on Tuesday the Mail printed a story suggesting there was a thaw in relations between the council and the Allams as the council were going to sponsor the squash tournament. For anyone still in doubt as to Assem Allam's feeling towards HCC, the Mail were forced to retract yeasterday:
Quote ="HDM"Page 3 in HDM last night: 'Assem Allam clarification HULL: In an article headlined "Authority's £10,000 squash sponsorship", which appeared in the Mail on March 18, it was stated "it appears Hull City Council and Hull City owner Assem Allam are building new bridges over the latter's love of squash". Mr Allam has asked us to point out that this is not the case. The council's contribution was confirmed after they were asked to come on board and support it by organisers, the England Squash and Racketball Association, and not by Mr Allam himself. We are happy to clarify this point." '"
The Tigers nonsense is simply down to Allam's hatred of the council and a precursor to Hull City becoming "Allam's Tigers", imo. We may have trouble if there is a shift in power to the LibDems as, looking at the history of childishness and one-upmanship displayed by each political party towards each other, then you can be sure the LibDems will be on the side of the good doctor just because.
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| Quote ="WormInHand"Yes, on Tuesday the Mail printed a story suggesting there was a thaw in relations between the council and the Allams as the council were going to sponsor the squash tournament. For anyone still in doubt as to Assem Allam's feeling towards HCC, the Mail were forced to retract yeasterday:
The Tigers nonsense is simply down to Allam's hatred of the council and a precursor to Hull City becoming "Allam's Tigers", imo. We may have trouble if there is a shift in power to the LibDems as, looking at the history of childishness and one-upmanship displayed by each political party towards each other, then you can be sure the LibDems will be on the side of the good doctor just because.'"
The LimpDerms, like their supporters, will support anything that isn't Conservative or Labour, because they can. They are as much use as a one legged man in a bottom kicking contest.
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https://mobile.twitter.com/mikewhitesport
Quote Hull City vice-chairman Ehab Allam confirms they will take legal action against the @FA if the proposed name change is rejected. #
8:13am - 26 Mar 14'"
Quote Hull City's Ehab Allam announces £5-6m investment in new academy at Bishop Burton College plus new pitches at Cottingham. #
9:28am - 26 Mar 14'"
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https://mobile.twitter.com/mikewhitesport
Quote Hull City vice-chairman Ehab Allam confirms they will take legal action against the @FA if the proposed name change is rejected. #
8:13am - 26 Mar 14'"
Quote Hull City's Ehab Allam announces £5-6m investment in new academy at Bishop Burton College plus new pitches at Cottingham. #
9:28am - 26 Mar 14'"
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| I'm sure the FA are quaking in their boots.
The Allams will walk soon. There's only so much foot stamping you can do.
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| They showed their true colours last week for me when they were quoted as saying:
Quote If the FA does not allow our plan, we will walk away, put it on the market to sell the club. We would not put it into liquidation; there is a lot of money at stake. I will get my money when I sell'"
They aren't trying to do this for the good of the club, they're doing it for the good of their bank account.
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| A true philanthropist.
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