shrute
Banned
Posts: 93
Joined: Sep 2009
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RE: Football Banter
(This post was last modified: 24-03-2011 15:16 by shrute.)
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24-03-2011 15:15 |
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gazfc
You can't delete truth
Posts: 5,362
Joined: Jun 2010
Reputation: 121
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RE: Football Banter
What a disgrace, wonder how many other clubs are run as bad as we was
Quote:HULL City have filed accounts exposing the full extent of the club's financial difficulties before last year's takeover.
They show the Tigers owed creditors more than £43m under previous owner Russell Bartlett, following their stint in the top flight.
Alarmingly, City had just £155,000 cash in hand at the bank last July, with a monthly wage bill of more than £3.1m to meet.
The accounts, which cover the 12 months to the end of July 2010, relate to City's second season of Premier League football.
The Tigers were eventually relegated and left facing major financial difficulties.
The accounts stress that new owners Assem and Ehab Allam, who bought the club last December, now predict future 'trading profitability and stability'.
It adds that they provided immediate funds of £26m to meet bills following their takeover on December 17.
However, as previously reported, they made a total commitment of around £40m, including personal guarantees to cover other costs.
The Mail understands this included covering a financial projection of a £9m income through potential player sales. A further £5m was needed to cover 'deferred income', which the Mail understands related to borrowing against future season ticket sales.
The Allams have previously said it will take at least 18 months for the club's finances to recover.
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24-03-2011 17:38 |
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bigguy01
My Kind of Girl
Posts: 5,584
Joined: Aug 2010
Reputation: 61
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RE: Football Banter
newcastle utd, chelsea (under ken bates), leeds utd (peter ridsdale), portsmouth, man utd, liverpool (the 2 twats)
Top 5 Celebs To Be On The Channels: Molly Quinn, Stana Katic, Nina Dobrev, Susanna Reid, Steph McGovern
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24-03-2011 20:46 |
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shrute
Banned
Posts: 93
Joined: Sep 2009
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RE: Football Banter
(26-03-2011 14:09 )Master Yoda Wrote: Hey shrute i see your doing the punditry for the Wales v England match on Sky Sports today beside Hoddle and Giggs....fair play lad!!!
WTF, you actually think that was a funny post ? That is some gentle comedy, you must be really bored to even think about posting that, I feel dirty having read that I'm embarrassed for you I mean what were you thinking ? Come back and try again and this time get some help from the cripple who never shuts about it and the one who gets his jollys from watching men mounting each other.
(This post was last modified: 26-03-2011 17:23 by shrute.)
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26-03-2011 17:20 |
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shrute
Banned
Posts: 93
Joined: Sep 2009
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26-03-2011 19:12 |
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