Allem wants to buy the KC from the council.
Allem treats Hull KR to £1million.
One of Hull KRs Directors is John Prescott.

Either way the winners here are the people of Hull. One thing I cant get my head around is his excuse for giving the gift. His investment in Hull City FC has made him looked biased to West Hull. How does that work?

Both Prescott and allam at CP on Sunday

Money is for HKR, not ground improvement

Why not, you could do with another 2 overseas playes.

And as far I can make out he hasn't given Rovers the money, rather loaned them it, intrest free, cant blame Rovers for taking a big intrest free loan like that, when they need the money.

I am guessing you have read the same articles as I have? Now where in the HDM or on the HKR website does it state this is a loan? Where does it say Rovers have to pay it back? At which point does the article claim or allude to this "gift" being paid back??

Your family must really hate Christmas with you giving them gifts, bet you expect them to buy their own!!

This below seems to hint to be that it is a interest free loan,

Neither KR or the Mr Allam have confirmed whether or not a repayment agreement has been reached, due to commercial sensitivity.

Where does it mention the word "gift"?

If you invest some money, you at least want what you put in back (Allam doesn't seem to want to make profit out of this deal though)?

I wouldn't want to take investment advice of you Nick.

It is a soft loan..Allam was on radio last night. My concern is that he has stated he wants KR & FC to merge, then a couple of weeks later loans KR £1m increasing their debt to £4.5m

He can want what he likes, but has no say in either club at the moment, hopefully he will stay well away from us.

Who do Hkr owe £3.5m to?

Mainly directors I think, which is fine as long as they don't decide they want their money back. (which they may never do).

Rovers can't keep losing money at the rate they have been though.

Is it listed as a loan or has it been written off?

Hmm, if both have continued living in the UK they're probably 100% non-quota by now aren't they...





Anyway, it's not a loan, it's a goodwill gesture because he can see the huge potential in The King of Kings.