Quote Mrs Barista="Mrs Barista"Anyone know how Allam's "wealth" is calculated, ie his Sunday Times rich list value?
The consolidated accounts of Allamhouse Limited which includes:
City
Allam Marine
Allam Developments (property)
SMC
Show net worth of only £8m. Guessing his wealth must be based on other assets, maybe overseas.'"
Calculated? Your faith in the media truly is touching.
He's probably got a cash ISA or a load of bitcoins or summat.
And accountancy seems often to be about supplying information that is accurate rather than meaningful or, y'know, [iinformative[/i.
Hull FC's losses of recent years, by themselves, tell us next to nowt about how you're doing.
If Allam does walk, and he's been pretty unambiguous, it'll be interesting. How attractive would City be to buyers? On the one hand, the PL is BIG and they're looking reasonably secure right now. On the other, opportunities for further growth would seem limited - the step-up to Champions League super-club status is remote to say the least. And like most, they still run at a loss (I think).
His refusal to allow anybody to question his business decisions and his point that this is a free country, so he can do what he wants with his club, was an unwise juxtaposition.
The 'look at my CV for comfort' argument, confuses success with infallibilty. A determination to continue is one thing, an intolerance of dissenting voices quite another.
Also there's arguably an implicit criticism or questioning of the business acumen of the leaders of other clubs for not seeing the potential of the Norwich Canaries or the Sunderland Blackcats.