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Quote: BIG HOWARD "will mr allam recoup his £75 million, after all there is no stadium with the team and even selling all the players would probably only fetch £30 million.
or was he serious when he said the £40 million was a gift to the people of hull'"


He isn't going anywhere until he gets his money back which he needs premier league football to do. In the mean time he receives interest on his loans and tax breaks for his other companies through the losses

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Quote: Brid B&W "He isn't going anywhere until he gets his money back which he needs premier league football to do. In the mean time he receives interest on his loans and tax breaks for his other companies through the losses'"
but with no more money to bankroll them in the PL. I think this is a case of pursuing the stadium using the club as the route in, only thing is, he has the thing he didn't want and it is costing him dearly. He needs an exit route for his money and has no money for plan B at Melton/Ferriby (ground share plans??)

The man could retain the SMC in the hope of screwing the new owners of the football club out of more money by renegotiating City's agreement prior to the sale; ie make them responsible for maintenance of the stadium - it just becomes free cash for him - apart from our presence.

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Is Hodgson the new Griffin, or is it all about pace?:



Quote: Erik the not red "Allam wants it to make a loss, he uses it to avoid paying tax on his other businesses plus he scores cheap political points - a win-win for him.'"


Today's budget is taking steps to stop this, perhaps.

Quote: Erik the not red "The measure blocks tax avoidance arrangements where profits are transferred between companies in the same group for tax avoidance purposes.'"


Could make life a little more difficult if Mr Allam is unable to get round this, assuming it affects him of course.

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Quote: Diogenes "He can't. The agreement with the council provides that whoever owns Hull City also owns the SMC.'"

that simply isn't true.

I love these threads where the totally uninformed make stuff up, they're fun!

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He was right in the end:



Quote: BIG HOWARD "will mr allam recoup his £75 million, after all there is no stadium with the team and even selling all the players would probably only fetch £30 million.
or was he serious when he said the £40 million was a gift to the people of hull'"

Dont you worry, there will be a long line of people to buy city.

They are "only" worth what their inome is. Providing they stay up this year, that means, £60mill next year from the EPL, if they get relegated next season then they are nailed on £60 mill parachute payments over 4 years (£120m income over 5 years.....)

Go down this year, they are still worth £60mill Para over next 4 years...

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He was right in the end:



Quote: Diogenes "He can't. The agreement with the council provides that whoever owns Hull City also owns the SMC.'"

icon_frustrated.gif icon_frustrated.gif icon_frustrated.gif icon_frustrated.gif icon_frustrated.gif icon_frustrated.gif icon_frustrated.gif icon_frustrated.gif


Please dont believe this anyone

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I've been on the internet and have already got a sense of the fans' passion for the club. They are very fanatical - Peter Gentle 12th September 2011. Money doesn't talk it swears, Obscenity who really cares, Propaganda all is phony. I'm the son and heir of a shyness which is criminally vulgar. Hanging on in quiet desperation is the English way. A man who lives in hell can still aspire to heaven.:cartoons/WB17.gif



Quote: frepneyboy "icon_frustrated.gif
I don't think anyone does (apart from one misguided / misinformed soul).

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Quote: frepneyboy "Dont you worry, there will be a long line of people to buy city.

They are "only" worth what their inome is. Providing they stay up this year, that means, £60mill next year from the EPL, if they get relegated next season then they are nailed on £60 mill parachute payments over 4 years (£120m income over 5 years.....)

Go down this year, they are still worth £60mill Para over next 4 years...'"


Wage bill and debts are heavy though, and they have barely any assets (training ground in Cott only)

a prospective buyer would wait till they went in administration, cleared the debts then put a bid in.

wouldn't be surprised to see a bid from Pearson & his consortium if they did go in to administration, they've tried and failed to get Leeds repeatedly, and it'd be a perfect opportunity to get control of City, FC, The SMC, and the council would sell him the stadium for the right money. Depends what funds his backers have of course, he can't do it alone.

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Lost track of this a bit. Looking at the City Independent site they seem to think the vote will be next week, midweek, with people having to go to the KC to cast their vote in person. Not sure how this will capture the "silent majority." They also point out that the closing date for voting will be past the deadline for final submissions to the FA in advance of the hearing, and therefore inadmissible as evidence/argumentation. With this level of buffoonery I suggest the Allams apply to run the RFL.

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[url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y] To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png



Quote: Mrs Barista "Lost track of this a bit. Looking at the City Independent site they seem to think the vote will be next week, midweek, with people having to go to the KC to cast their vote in person. Not sure how this will capture the "silent majority." They also point out that the closing date for voting will be past the deadline for final submissions to the FA in advance of the hearing, and therefore inadmissible as evidence/argumentation. With this level of buffoonery I suggest the Allams apply to run the RFL.'"

That would be good for the likes of us if it involved FC. 60+ miles to vote. Although if it was for something as ludicrous as this it might be worthwhile.

Sounds like one of Rules ballots.

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but WHY is this on our forum ?

Nothing to do with Hull FC,

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Is Hodgson the new Griffin, or is it all about pace?:



Quote: TrevLovesJanice "but WHY is this on our forum ?

Nothing to do with Hull FC,'"
Don't read it then - this is the 5th time you've posted on it.

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[quote="Philip Larkin":2lhqd089] There ain’t no music East side of this city That’s mellow like mine is, That’s mellow like mine. [/quote:2lhqd089]:d7dc4b20b2c2dd7b76ac6eac29d5604e_32444.jpg



It's still all about the stadium, Trev, the agenda's never changed, just the methodology. This is just the Allams' version of the knight leaping one square forward and two to the side to provoke the motionless rook.

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born in airlie str,1939.german landmine that fell on boulevard,also blew up half of our house.thats why i dont like germans.not because they blew our house and boulevard up,but because the gerry pillock was aiming for craven park.:d7dc4b20b2c2dd7b76ac6eac29d5604e_45758.jpg



Quote: WormInHand "It's still all about the stadium, Trev, the agenda's never changed, just the methodology. This is just the Allams' version of the knight leaping one square forward and two to the side to provoke the motionless rook.'"
sounds as though you enjoy a game of chess.

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Is Hodgson the new Griffin, or is it all about pace?:



I still haven't yet worked out the subtleties of the vote....

Quote: "

1. Yes to Hull Tigers with the Allam family continuing to lead the club.

2. No to Hull Tigers.

3. I am not too concerned and will continue to support the club either way.'"


Is it a way of improving the chances of getting 1. plus 3. greater than 2. ??

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