Acun Medya Complete Hull City Takeover
Hull City have confirmed Acun Medya has completed the purchase of the football club.
The acquisition has been approved and ratified by the English Football League (EFL) and sees Acun Medya take full control of the club with immediate effect.
Acun Medya Group, established in 2004 by Acun Ilıcalı, is a leading international production company and broadcasting group.
At present, Acun Medya Group, in addition to producing daytime and primetime content in Europe, South and North America, also operates two national mainstream TV channels in Turkey, TV8 and TV8,5 and Exxen which is one of the most-subscribed OTT service.
The takeover sees former chairman Assem Allam, vice-chairman Ehab Allam leave the club. Departing vice-Chairman of Hull City, Ehab Allam, said of the takeover: “We are happy and proud to be leaving Hull City on a strong and stable financial footing.
“During our tenure, we have worked hard to create a sustainable model and successful academy set-up, giving the club the foundations it needs for the future. The ability to develop and trade homegrown talent is an integral part to a sustainable football club, and we look forward to seeing more and more players follow that pathway at Hull City.
“There have been lots of ups and downs over the last 11 years or so, but we will take some very fond memories with us. Memories of some of the greatest achievements in the club’s history and ones we have been privileged to be a part of. We have worked with some excellent and hard- working managers, players and staff and I’d like to pass on my thanks for all of their efforts over the years.
“The time has now come for a new owner to take up the mantle and I’d like to wish Acun and his team the very best for the future. We have taken a very business-led approach to running the club and I truly hope Acun can rebuild the relationship with the fanbase and also bring back the success on the pitch that fans crave and deserve.”
New owner Acun Ilıcalı, founder of Acun Medya, said: “I am happy that I have fulfilled one of my biggest dreams today. We are starting a beautiful journey with Hull City.
“We have many big dreams and goals to achieve together with our fans. I would like to thank Allam family for the friendship and sincerity they have shown during this process. I genuinely believe that we will achieve success with the amazing fans of this beautiful city.”
