FORUMS > Hull FC > O/Tish City/Allams again |
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| koucash is the rumour I've heard
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| Quote: Jake the Peg "koucash is the rumour I've heard'"
Good rumour to start Jake. Could he be the one to finally unify the clubs?
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| Quote: Armavinit "Good rumour to start Jake. Could he be the one to finally unify the clubs?'"
A mate who is a city fan told me. Said it was on twitter
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| Quote: UllFC "Interesting news today, Harry Maguire has signed a new 5 year deal at Leicester, making a move to Man U very unlikely, and with it the 15Million sell on clause the Allams were hoping for goes away, leaving the final Premier League Parachute payment in January as the last bit of good income to come in and little incentive for them to stay longer.'"
It's fairly common practice in football for a team to offer a player a long contract purely so that they can get more for his transfer in the next window. Especially when a team like Man United are involved, because you know they will stump up the cash if they want someone.
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| Quote: UllFC "Interesting news today, Harry Maguire has signed a new 5 year deal at Leicester, making a move to Man U very unlikely, and with it the 15Million sell on clause the Allams were hoping for goes away, leaving the final Premier League Parachute payment in January as the last bit of good income to come in and little incentive for them to stay longer.'"
I'm not a legal expert, however I presume Harry M's contract extension will not affect the sell on clause. The extension will just change his personal terms and contract period.
Otherwise, if sell on clauses became null and void with a contract extension, all clubs would immediately offer a contract extension to a player as a loop hole of getting around the sell on clause.
Either way, as mentioned earlier, the Allams will most likely factor in this his sell on value in any future sale of City.
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8082_1359018606.jpg I really enjoy long walks especially when they are taken by people I don't like!:d7dc4b20b2c2dd7b76ac6eac29d5604e_8082.jpg |
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| Quote: Rugby Raider "Quote: Rugby Raider "Interesting news today, Harry Maguire has signed a new 5 year deal at Leicester, making a move to Man U very unlikely, and with it the 15Million sell on clause the Allams were hoping for goes away, leaving the final Premier League Parachute payment in January as the last bit of good income to come in and little incentive for them to stay longer.'"
I'm not a legal expert, however I presume Harry M's contract extension will not affect the sell on clause. The extension will just change his personal terms and contract period.
Otherwise, if sell on clauses became null and void with a contract extension, all clubs would immediately offer a contract extension to a player as a loop hole of getting around the sell on clause.
Either way, as mentioned earlier, the Allams will most likely factor in this his sell on value in any future sale of City.'"
Its sensible business by Leicester to get HM to sign a longer term deal with the knowledge a club like Man Utd are after him as it ups the price when the inevitable happens. The sell on clause still remains so if any deal goes through and at a higher cost then Hull City get more money which is unfortunate as it may mean the Allams stick around a bit longer to drain the last drop of blood out of City.
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Is Hodgson the new Griffin, or is it all about pace?: |
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| SMC lose £1.9m in the latest accounts, and now owe "Hull City" £13.6m.
City made a profit of £23.7m in the same period.
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einstien said insanity is when a person does the same thing over and over again but expects a different result: |
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| Allams will go when the last parachute payment is paid they’ll squeeze the last penny out of it
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| Quote: fun time frankie "Allams will go when the last parachute payment is paid they’ll squeeze the last penny out of it'"
I agree they will go in January
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| Quote: bonaire "I agree they will go in January'"
Only if someone is buying. Even after the next parachute payment there is still a big chunk of debt across the club and smc
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einstien said insanity is when a person does the same thing over and over again but expects a different result: |
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| Quote: Jake the Peg "Only if someone is buying. Even after the next parachute payment there is still a big chunk of debt across the club and smc'" ]
I was talking to my brother in law who’s a massive city fan (he loves to tell me on CC final day 1980 he was at city) that they’ve taken upwards of 80 million out of the club during there time and could actually hand the club over virtually for nothing and that there not that interested in a sale as such
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| Quote: fun time frankie "I was talking to my brother in law who’s a massive city fan (he loves to tell me on CC final day 1980 he was at city) that they’ve taken upwards of 80 million out of the club during there time and could actually hand the club over virtually for nothing and that there not that interested in a sale as such'"
City currently owe the allams £63m and the smc debt is £16m with around £15 net transfer fees due and £30m or so in parachute payments left so they're far from repaid
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einstien said insanity is when a person does the same thing over and over again but expects a different result: |
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| Quote: Jake the Peg "City currently owe the allams £63m and the smc debt is £16m with around £15 net transfer fees due and £30m or so in parachute payments left so they're far from repaid'" ]
Since the allams took over City have received at a conservative estimate about £500 million from the premier league and they haven’t exactly gone on a spending spree
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Is Hodgson the new Griffin, or is it all about pace?: |
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| … and their loans to city have generated a tidy sum in interest.
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| Quote: fun time frankie "Since the allams took over City have received at a conservative estimate about £500 million from the premier league and they haven’t exactly gone on a spending spree'"
They've had nowhere near £500m. It was only in their 2016 season that the big money came in and in any case how much do you think they've spent on wages, transfer fees and other running costs in the same period?. Last season they actually made a trading loss despite the parachute payment and it was only transfer fees that resulted in the annual profit.
I'm sure the allams are levying interest and management fees but the fact remains that city and the SMC owe them a huge amount of money and he won't walk away from it
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