The KC Stadium

Next Game

Hull City v S'land

Tuesday, 03 March 2015, 19:45

Barclays Prem

Britannia Stadium

Last Game

Stoke 1 - 0 Hull City

Saturday, 28 February 2015, 15:00

Barclays Prem

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

H

aha, as a German supporting United I can only agree with your great insight in German football! No idea why, but I HATE Eintracht Braunschweig and please don't ever place a bet on Leverkusen, they mess up my ticket every time!

utzelot
The Ten Most Hated Things In Football

M

ichael Owen's BT Sport commentary. Michael Owen's Match of the Day punditry. Michael Owen's annual moustache. Michael Owen's unwavering belief that Michael Owen could still do a job for England if called upon in the next major tournament

stevenjameshyde
The Ten Most Hated Things In Football

L

VG with Rooney up top. The 3 in MF being Blind, Herrera and Mata. Young on LW and Di Maria or Januzaj on the RW. You know it makes sense.

GVMUFC
Big Tactical Calls For Manchester Pair

Footer 365

Manchester City boss Pellegrini hits back over recent criticism

Manchester City manager Manuel Pellegrini has come out fighting amid speculation over his future at the Etihad.

Petr Cech not likely to leave Chelsea unless huge transfer fee involved

Jose Mourinho says it will take "huge money" to prise goalkeeper Petr Cech away from Chelsea this summer.

Mile Jedinak will serve four-match ban after accepting FA charge

Crystal Palace midfielder Mile Jedinak will serve a four-match suspension after accepting a Football Association charge of violent conduct.

Mail Box

There Are Mitigating Circumstances For LVG

One Mailboxer is admant there are mitigating circumstances to LVG's struggles at Manchester Utd and he offers his four signings for next season...

LVG Stick Needs A Little Context...

LVG's rough ride from the media needs some context - then you would understand, while the Mailbox urges Nabil Bentaleb to go down...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company