Quote Suzie="Suzie"I would like to the think that the premier league... morally...'"
It may be prudent to prepare yourself for a disappointment.
Quote Suzie="weaver93"As SMC are in huge debt..
Could they be declared bankrupt? ... and a new company is formed to take it over??'"
By whom? That applies to both the declaration and of the formation of a replacement. Allam has not indicated that he'll withdraw support, if the council don't accept offer to sell - he'll just continue in his current direction.
Quote Suzie="Barnabus"Just so I've got this straight...
- Hull City need a certain type of covered facility for their academy to train at in order to reach the next tier of academy funding from the FA?
- He/Hull City don't want to pay the £1.5m needed to build one.
- Instead he decides to commandeer the arena for Hull City, using his ownership of the SMC, evict the clubs that use the facility, and spend £250k converting it to use as this academy.
- Puts the blame for this action on HCC for not building Hull City their own £1.5m complex.
At the same time he withdrew £7m from Hull City last year - did I read that right? And spent £25.5m on players?
How much additional funding will City receive following this upgrade?'"
From what I've read - yes, yes, yes, yes, dunno and wouldn't be surprised but not sure whether it'd be a nett spend.
There was an article on funding levels academies in When Saturday Comes recently. I'll check it out later.