Re: New Stadium (maybe) : Mon May 24, 2021 8:52 pm  

Ehab Allam has followed a rich Turkish guy on Instagram who has previously stated he's after a club with Premier League potential...Cross your fingers folks!

Hull Daily Mail now believe the price is about £20m plus future revenues from previous transfers (pretty much the rest of the Jarod Bowen sale)

Re: New Stadium (maybe) : Mon May 24, 2021 9:04 pm  

Acun Ilıcalı, reported net worth of about £100m.

Hard to know if this would be good news or bad for us.

Re: New Stadium (maybe) : Tue May 25, 2021 7:22 am  

UllFC wrote:

Ehab Allam has followed a rich Turkish guy on Instagram who has previously stated he's after a club with Premier League potential...Cross your fingers folks!

Hull Daily Mail now believe the price is about £20m plus future revenues from previous transfers (pretty much the rest of the Jarod Bowen sale)

The deal they knocked back from the US led consortium was reportedly £100 million plus and lost it due to SMC greed, beggars belief.

[Chris71]

Re: New Stadium (maybe) : Tue May 25, 2021 7:45 am  

Armavinit wrote:

UllFC wrote:

Ehab Allam has followed a rich Turkish guy on Instagram who has previously stated he's after a club with Premier League potential...Cross your fingers folks!

Hull Daily Mail now believe the price is about £20m plus future revenues from previous transfers (pretty much the rest of the Jarod Bowen sale)

The deal they knocked back from the US led consortium was reportedly £100 million plus and lost it due to SMC greed, beggars belief.

I think that was more likely due to the Allams bluff being called, as personally I don't believe they have any intention to sell until the milk cow runs completely dry as the interest payments alone on their so called investment are too lucrative, plus there are the add ons of the player transfer fee's etc.

Had they genuinely had a true intention to sell up and get out they would have done so long ago.

Re: New Stadium (maybe) : Tue May 25, 2021 8:07 am  

Any new owners of the SMC can only be “as bad”, surely not “worse”?

Re: New Stadium (maybe) : Tue May 25, 2021 8:18 am  

Irregular Hoops wrote:

Any new owners of the SMC can only be “as bad”, surely not “worse”?

Could the Allams flog City but retain the SMC?

Re: New Stadium (maybe) : Tue May 25, 2021 11:42 am  

ComeOnYouUll wrote:

Acun Ilıcalı, reported net worth of about £100m.

Hard to know if this would be good news or bad for us.

Im working on the basis that things can't get much worse, and European clubs are used to the concept of having multiple sports played from the same site/ownership. Galtasaray play Basketball, Volleyball and a whole host of other things for example. So while they won't know RL, the fact another sport is using the facilities won't be a new concept.

Re: New Stadium (maybe) : Tue May 25, 2021 11:45 am  

Armavinit wrote:

Could the Allams flog City but retain the SMC?

Technically yes, but in practice cant see why they would. They'd be left with a company that doesn't make money that is tied in to maintain an aging stadium with a backlog of repairs.

They could hike FC and City's lease terms to pay themselves back, but collectively FC and City could build a new stadium, and the Council would be slated if they allowed both the Football team and leading RL team to struggle or even face expulsion from their leagues.

Re: New Stadium (maybe) : Tue May 25, 2021 12:15 pm  

UllFC wrote:

Technically yes, but in practice cant see why they would. They'd be left with a company that doesn't make money that is tied in to maintain an aging stadium with a backlog of repairs.

They could hike FC and City's lease terms to pay themselves back, but collectively FC and City could build a new stadium, and the Council would be slated if they allowed both the Football team and leading RL team to struggle or even face expulsion from their leagues.

You make a logical argument but nothing with those guys is logical in fact Adam Pearson said last year that selling the club but retaining the SMC was something that the Allams had actually threatened.

[Chris71]

Re: New Stadium (maybe) : Tue May 25, 2021 12:17 pm  

UllFC wrote:

Armavinit wrote:

Could the Allams flog City but retain the SMC?

Technically yes, but in practice cant see why they would. They'd be left with a company that doesn't make money that is tied in to maintain an aging stadium with a backlog of repairs.

They could hike FC and City's lease terms to pay themselves back, but collectively FC and City could build a new stadium, and the Council would be slated if they allowed both the Football team and leading RL team to struggle or even face expulsion from their leagues.

As you say UllFC it is possible though if the Allams retained ownership and control of the SMC then they would have to completely change how the SMC operates and run the Stadium to turn a profit whilst carrying all responsibility for upkeep and any losses purely by management of the stadium and promoting it as a venue etc. the danger of that is they then hold Hull FC, Hull City and Hull City Council to ransom.

The fact the have run up debt against the SMC is probably an issue for any possible investor in Hull City if the SMC ownership is tied in to the deal for the football club as who would want to pay a lot of money for a loss making management company? With the debt the SMC is not a very good looking investment either as part of the Football club or as a separate entity.

So be interesting to if this particular interest turns out any different to the other so called interested parties.