VSI
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

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017 Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors...

Leicester City make pre-tax profit of 16.4m after winning Premier League

Thu 2nd Mar 2017 | Money & Finance

Leicester City today announced its financial results for the year ending 31 May, 2016 – a period of continued growth and unprecedented success for the Football Club. An historic, captivating...

Liverpool FC announces financial results for year to May 2016

Wed 1st Mar 2017 | Money & Finance

Liverpool FC has filed its annual accounts for the year to May 31, 2016 reporting that revenues are continuing to grow, creating further financial stability for the club. Overall revenue increased to...

Wolverhampton Wanderers Post 5m Profit

Tue 28th Feb 2017 | Money & Finance

Wolverhampton Wanderers have posted a profit of over £5m in their latest accounts. The club’s headline financial information shows a pre-tax profit of £5.831m for the year ending 31...