Villa Park

Next Game

A Villa v Hull City

Sunday, 31 August 2014, 13:30

Barclays Prem

The KC Stadium

Last Game

Hull City 2 - 1 Lokeren

Thursday, 28 August 2014, 19:45

Europa League Qual Play-Offs Round

Allam investment reaches £72m

Hull City owner Assem Allam invested a further £24million of his personal fortune into the club on their way to promotion to the Premier League last season, latest accounting figures show.

Last Updated: 05/12/13 at 16:32 Post Comment

Assem Allam: Hull City owner has now invested £72million in the club

Assem Allam: Hull City owner has now invested £72million in the club

Allam, who has come under fire from sections of fans in recent months over his controversial plans to change the name of the club from Hull City AFC to Hull Tigers, has now pumped £72m into the club since taking charge in 2010 following their relegation to the Championship.

Despite earning promotion back to the top flight, Hull's accounts for the year ending July 31 2013, which were made available by Companies House this week, also show pre-tax losses of £25,628,171.

That figure is nearly £17m up on the £8,771,007 loss recorded 12 months earlier.

The club's turnover last season was £11,075,152 - only a slight change from £11,042,457 - while the value of City's playing squad as at July 31 was put at just over £14m - up from around £3m in 2012.

The directors of Hull City Tigers Limited - which has been the business name of the club since the spring - consider their future prospects to be "satisfactory".

The directors added in the account summary: "The directors made the ambitious decision to go for promotion and to this end invested heavily in the club.

"Steve Bruce, a leading manager, was appointed and he was provided with sufficient funds to augment and improve the squad.

"An amount of £24million was advanced by the parent company [Allamhouse Limited] earlier in the year, which brings the total amounts so provided to £72million at the year end."

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Premier League: Louis van Gaal says top four is Manchester United's target

Louis van Gaal has set Manchester United an initial target of a top-four finish in this season's Premier League.

Transfer news: Gus Poyet remains keen to add to Sunderland squad

Gus Poyet will know whether Sunderland can prosper this season by the time the transfer window shuts.

England: Calum Chambers can be big success for Three Lions, says Arsene Wenger

Arsene Wenger feels Calum Chambers has the character to be able to cope with an England call-up so early in his career.

Mail Box

Surely A Spurs Fan Should Remember...

...what happened to the fourth Champions League place the last time an English team won the thing. Plus, who would want to pay £60 to watch the current England team?

Ginger Pirlo? Don't Make Me Laugh...

A Sunderland fan in the mailbox is surprised by Jack Colback's call up to the England squad. Plus, thoughts on Welbeck and Liverpool's Champions League draw...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property