Hull to hold talks with banks in bid to avoid administration
Mon 26th Apr 2010 | Football Club Administration
Relegated Hull will begin talks with banks today in a bid to avoid administration and the resultant 10-point penalty.
Tigers owner Russell Bartlett and chairman Adam Pearson hope the banks will agree to their proposals to restructure £35million in debts and slash their £39m wage bill.
Pearson, who led City out of administration in 2001, said: “Administration is not on the agenda. We have to find another route forward.”
Striker Jozy Altidore, sent off on Saturday, has apologised to Hull fans on Twitter. The American said: “I made a stupid, immature and costly mistake. I apologise to those I let down.”
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