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Tag: Allam family

Turkey’s Acun Ilicali buys Hull City for £24m from Egyptian Allam family

January 20 – Turkish businessman Turkey’s Acun Ilicali (pictured) and his Acun Medya Group have become the new owners of Hull City, completing a €24 million takeover of the Championship club to end the 11-year reign of the Egyptian Allam family. 

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Finance

Hull’s Tigers cash in on brief Premier League cameo with £35m profit

Hull City Tiger

By David Owen

November 23 – Hull City have posted a bumper pre-tax profit of £35.7 million for the year to end-June 2017 – a period coinciding with the club’s brief return to the Premier League.

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Finance

Hull City sale still open but GCPSL have current lead with £130m bid

November 2 – The Hull City takeover saga continues with front-runner Greater China Professional Services Limited (GCPSL)holding a press conference in Hong Kong outlining their plans for the club, but saying that although they are currently undertaking due diligence they do not have an exclusivity agreement with the club but a memorandum of understanding.

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Finance

Allams close in on new, new Chinese owners for Hull in deal worth £130m

hull city

October 20 – The protracted sale of English Premier League club Hull City to a Chinese consortium looks to have moved closer to fruition in a potential deal worth £130 million.

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Finance

Hull sale collapses as rumours Chinese investors failed fit and proper persons test

August 9 – Chinese money doesn’t always get what it wants. The sale of Premier League club Hull City by Assem Allam (pictured) and his son Ehab to a consortium lead by multi-millionaire siblings Dai Yongge and Dai Xiu Li looks to have collapsed after it appears members of the consortium failed to pass the Premier League Owners’ and Directors test.

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