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International Star | 5318 | Hull FC |
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| Quote coxysbaldhead="coxysbaldhead"What happen to the 40million pounds gift to hull city no strings .I gather he wants that back now with 100millon price tag ,never trusted the the man'" Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.
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International Star | 41 | No Team Selected |
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Moderator | 12672 | Hull KR |
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| Quote ccs="ccs"Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.'"
More of a gamble than an investment with football at that level, innit?
He's won, more than earned a return. Tbf the stakes, risk taken on, and the mechanics of any sale means that 4% is really neither here nor there.
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International Star | 5318 | Hull FC |
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Aug 2011 | 14 years | |
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| Quote Mild Rover="Mild Rover"More of a gamble than an investment with football at that level, innit?
He's won, more than earned a return. Tbf the stakes, risk taken on, and the mechanics of any sale means that 4% is really neither here nor there.'" A bit different from a gift though, innit?
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Player Coach | 30950 | Hull FC |
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Mar 2007 | 18 years | |
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| Quote ccs="ccs"Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.'"
Absolutely shocking return on £50m+
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International Star | 5318 | Hull FC |
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Aug 2011 | 14 years | |
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| Quote Jake the Peg="Jake the Peg"Absolutely shocking return on £50m+'" He chose to invest in a football club, so was taking a risk.
If his £50m was a gift, he'd have lost £50m before making any sort of profit on his investment.
So how do you invest your millions?
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Club Coach | 29850 | No Team Selected |
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| Quote ccs="ccs"Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.'"
Not sure what's gone on really. Says he's put £85m in. If all a loan over, what, 5 years, that's £17m in interest. Then selling for a £15m profit. So cleared £32m? Can't be right?
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Player Coach | 545 | Coventry Bears |
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| I have absolutely no problem with him making a profit.
FFS but for some miracle working by Bruce ( twice ) some major investment in the transfer market ( much of which failed ) and a fair degree of graft & luck he would have waved bye bye to every penny.
Premiership, Cup Final, Europe massive for the fans & the city. Real shame he lost the hearts & minds last year but overall he has been really positive & nobody should begrudge him a reasonable return on his money.
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Player Coach | 30950 | Hull FC |
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| Quote ccs="ccs"He chose to invest in a football club, so was taking a risk.
If his £50m was a gift, he'd have lost £50m before making any sort of profit on his investment.
So how do you invest your millions?'"
I don't have millions but if I did it would be returning me more than 4%. If you don;t understand money don't post about it
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International Star | 5318 | Hull FC |
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| Quote Jake the Peg="Jake the Peg"I don't have millions but if I did it would be returning me more than 4%. If you don;t understand money don't post about it'" What's understanding money got to do with it?
Mr Allam has invested in a football club, not usually the best way of making millions, but clearly you must know how it can be done.
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Player Coach | 30950 | Hull FC |
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| Quote ccs="ccs"What's understanding money got to do with it?
Mr Allam has invested in a football club, not usually the best way of making millions, but clearly you must know how it can be done.'"
Plenty of clubs turn a profit but your post stated 4% was a decent return on an investment which it isn't. If he gets his £100m then his overall return will likely be 70%+
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International Chairman | 5392 | Wakefield Trinity |
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| All ifs and buts and to be honest the long term strategy MUST be to keep the stadium in the hands of the council, selling it and likely any covenents which would appear to be mainly anyway given how the council got its arris handed top it by Allam would be a massive mistake IMHO. The ground would then be increased in capacity in short order, land used for a hotel and other facilities all without any consideration for the access and egress and local residents, the former which is diabolical as it is.
Owners come & go and success is never a guarantee, Pearson is a business man at the end of the day and I still think he has bigger fish to fry, IF City and the SMC get sold to a consortium/big overseas money it wouldn't surprise me in the slightest if Pearson tried to do a deal to sell the club, winning silverware this year would put him in a massively better position than 12 months ago for sure.
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