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.

Incidently, who said it's only £1million? The quotes actually say "a seven figure sum"!

I think what he actually insinuated was that his investment in Hull City particularly in terms of the stadium will also benefit Hull FC. He claims he wants to be seen as being equally supportive of both clubs as he knows many Rovers fans also support City.

We really need to keep this guy away from our sport.

We've being here with Lloyd before and he nearly killed two of the Citys sports clubs. I reckon if City were to not get promoted in the next three seasons he would lose interest fast when he realizes he isn't making money.


All he is doing is going around dropping off "gifts" to get people to like him and then when he gets a hold of the stadium the tides will turn. Is long term vision for rugby League is to eventually get both Hull clubs playing under one stadium before eventually becoming the same club.

Which we all know will end up being the end of RL in Hull. I am hoping he is not allowed to get that far.

Don't forget Karl Turner is a Rovers fan

allam wants to buy the kc, so he gives a million pound 'gift' to hull kr, who have councillers as board members, call me sceptic but it all too much like fifa and bribes

behave

Yeah he said the potential support of both clubs channelled into a single one would make it more successful, but I doubt very much that he thinks it's possible. I also doubt he'd go through the upheaval of doing it with the level of bad feeling there would be towards it. Especially when even at best the end result would have nowhere near the earning potential of a football club (which he already has). Christ, he doesn't even own either club for a start!

Also would he really give Hull KR a helping hand (out) if he'd rather they moved in with their neighbours than develop their own ground? I'm far from convinced about his motives and longevity, but I think saying a merger is his 'vision' is jumping the gun somewhat.

Yet a few paragraphs down it stated

"Mr Hudgell added that he had specifically offered a return on any investment, but this was declined as the Allams are not interested in making any return out of their involvement in sport."

Ok the general opinion would be that if someone puts something in they want that back but in NO article did it state that the amount was going to be paid back at all. So people stating it WAS a loan were making an assumption without the facts being released.

Mr Allam obviously knows Rovers make a loss year on year, he must know that RL in general loses money with few clubs making profits. If we add up all the money Neil has ploughed in to the club he would probably have been worth twice as much as he is now.

The Hull Daily Mail also state "Allam has agreed to plough more than £1m into Rovers in what appears to be an interest-free loan."

So even todays press have not got any specific details. As I haven't heard any radio interview with Mr Allam I do not know what has come out of the mans mouth. Anybody able to accurately quote what he put on the radio??

Yes. Allam said it was a soft loan, which means a loan with a lower than market value interest rate and/or preferential repayment terms. Given the statement about not making a return it's safe to assume that the interest rate is zero. The repayment terms have not been made public, but it [iis[/i a loan rather than a gift.