Interesting if true....

Would make sense given the partnership that lead to the purchase of City all those years ago...

Adam Pearson is due on Talk Sport around 5.30.

Interview with presenter and Hull fan Adrian Durham.

Just out of interest does anybody know what Adam Pearson's personel wealth is. I can't remember how much he paid for City and how much he made out of it's sale.

I don't know what his wealth is, but I think he paid a pound for City and sold them for something like £10million, though I may be completely wrong.

Also, he wasn't the only person putting money into City.

Pearson, and his backers, paid £3m for City iirc

You sure? Didn't he buy City an hour before we were going to go under, and so got the club for a pound, and then needed to clear the debts to Lloyd?

I'll have a look on tinterweb and see if I can find anything!

Just found this from a times article
"The potential return of Pearson could be the boost the club need after their poor start to the season. He and Peter Wilkinson, an internet entrepreneur, bought the club for £360,000 in 2001, when it was in administration. Hull were sold for £13 million two years ago, making a hefty profit for the two."

The one I found, from the Independent says: [i "Councillor Doyle said the council had pressed the main creditors, the Inland Revenue and Customs and Excise, to accept any deal which would save the club. Pearson's deal gives them pounds 248,000 out of pounds 800,000 owed. A long list of unsecured creditors, who had the misfortune to deal with Hull, will get nothing. The administrators, Kroll Buchler Philips, will receive pounds 100,000 for four weeks' work. An associate, Peter Holder, said this worked out at less than the full rate for the job."[/i

So the previous owners got nothing, the Inland Revenue got circa (a word we need to get used to with Adam!) £250K and the Administrators got £100K.

Pearson also bought around £3.5m of shares in Derby when he moved there.

[urlhttp://www.telegraph.co.uk/sport/football/2324450/New-Derby-chairman-backs-Billy-Davies.html[/url

I think this could be a great thing for the club. Knows how to build a successful club from nothing, so hopefully with us already being successful off the field it won't take as much time to get success on the field. Welcome to the club Mr Pearson.

So what dealings have you had with the two?