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Allam sets £100 million price tag for Hull City
The Allam family are demanding £100 million for the sale of Hull City after rejecting one approach already.
Hull City’s vice chairman, Ehab Allam, is currently negotiating the sale with more that one party. However, there’s no agreement yet between the Allam’s and any potential buyer.
The club was put up for sale by the Allam’s follwing the rejection of their proposal to rename the club to Hull Tigers. Assem Allam had previously threatened to sell the club if the FA refused to allow them to change the name.
Having paid out £40 million to buy the club in 2010, Assem Allam is demanding £100 million as he seeks a return on his investment. Also, with the new Premier League TV deal that is around £100 million alone, the club is expected to be sold for the quoted £100 million.
It’s well worth mentioning that Ahmed Elmohamady had been offered a new contract after he publicly expressed his wishes to stay with The Tigers.