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

Hull City owner in talks over sale of club

Tue 19th Oct 2010 | Clubs Ownership

Hull City AFC look set to get new owners after it emerged the club’s board is in talks with local businessmen over a possible takeover of the club.

It’s reported that Egyptian-born father and son Assem and Ehab Allam have confirmed that they are in talks with current owner Russell Bartlett have taken place.

"I have been in this area for 42 years and I have built my business [Allam Marine] in the area," Assem Allam told BBC Radio Humberside.

"I think it's time to pay back the area - Hull City are important to the area."

Hull, who were relegated from the Premier League last season are thought to have debts of over £30m and were on the verge of administration.

Allam continued: "We started talks earlier in the year and now we are talking again. Both parties are interested in talking again and it's in the interests of everybody concerned that things don't take a long time."

Bartlett spent most of the summer rescheduling the club's debt in a bid to stave off administration.

 

 

 

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

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

Related Articles

Portsmouth Enter Possible Takeover Talks

Thu 23rd Mar 2017 | Clubs Ownership

Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...

Walker Morris Advise On Leeds United Sale

Thu 5th Jan 2017 | Clubs Ownership

Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...

Aser Group Holding Acquires 50% Of Leeds United

Wed 4th Jan 2017 | Clubs Ownership

Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...

Notts County Sold To Local Businessman

Mon 19th Dec 2016 | Clubs Ownership

Notts County owner Ray Trew has confirmed the sale of the club after reaching an agreement with local businessman Alan Hardy. Having held discussions with a number of prospective buyers in recent...