Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Bartlett assures fans Hull is not heading into administration

Tue 3rd Aug 2010 | Money & Finance

Russell Bartlett the owner of Hull City AFC has moved to reassure fans that the club are not heading into administration.

Since relegation from the Premier League, the cash-strapped club have been working to reduce their debts for some time with a number of higher wage-earners leaving the KC Stadium this summer.

Having spent two seasons in the Premier League, the East Yorkshire club will now have to adjust life in the Championship where TV and sponsorship revenues are much less. However, they will receive parachute payments from the Premier League which will help to soften the blow of relegation.

But Bartlett insists that while hard work is continuing behind the scenes to ensure their financial health, the shadow of administration is not looming over the club.

He told the Hull Daily Mail: "I can categorically state that administration is simply not on the agenda.

"We are well down the line in our plans to restructure the finances of the club and we are very close to meeting our targets."  

Subscribe to our RSS feed to keep up to date with all the latest football business news http://fcbusiness.co.uk/rss/

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...