Hull City AFC

2022-01-19 — “Statement: 'Hull City can confirm that Acun Medya has completed the purchase of the football club. The acquisition has been approved and ratified by the English Football League and sees Acun Medya take full control of the club with immediate effect.' Original at wearehullcity.co.uk/news/2022/january/club-statement/ is behind a cookie wall; text verified via talkSPORT and BBC reproductions.”

2022-01-19 — “Deal approved by the EFL; Acun took control with immediate effect, ending Assem and Ehab Allam's spell in charge. Ehab Allam: 'leaving Hull City on a strong and stable financial footing.' No price given.”

2022-01-19 — “'Turkish businessman Acun Ilicali completed his £20 million takeover of the Championship club today.' Allams agreed the sale in late November after ~8 years trying to sell. Companion piece (20 Jan) notes a ~£2.5m EFL Covid loan must be cleared before transfer spending.”

2022-02-02 — “Ali Acun Ilicali (Turkish, resident Turkey) notified as PSC on 2 Feb 2022: ownership of shares 75%+, voting rights 75%+, right to appoint/remove directors. Allamhouse Limited ceased as PSC 2 Feb 2022. ACM Sports B.V. (Amstelveen) notified and ceased on 2 Feb 2022.”

2021-10-01 — “FY2020/21 accounts: loss £8.15m; income £6.86m (from £15.11m); matchday £3.18m, TV £2.84m; wages £8.44m (from £17.75m); operating loss £9.73m; player-trading profit £2.87m; amount owed to the Allam family fell from £42.0m to £39.5m.”

2021-10-01 — “Accounts for Hull City Tigers filed with Companies House show a pre-tax loss of £8.15m for the year ending 30 June 2021; turnover £6.86m from £15.1m.”

2021-10-28 — “Agreement in principle: 'Ilicali and his backers will pay £30m for the Championship strugglers in staggered payments, with another £20m assured should City regain their place in the Premier League within a certain time frame.' Due diligence still pending.”

2023-07-31 — “'Acun Ilıcalı had purchased the club via his company Acun Media Group for a reported £20m (though some say this was as much as £30m).' 2021/22 pre-tax profit £13.9m 'entirely due to a £20m write-down of a loan from the Allams following the sale of the club'; revenue £6.9m to £15.4m; wages £8.4m to £12.7m. Debt section (via footballeconomyv2 reproduction): gross debt £43m to £29m, £6m still owed to owners, external loans £3m to £23m.”

2023-03-31 — “Year to June 2022: turnover £6.9m to £15.4m; pre-tax profit £13.9m vs £8.2m loss; 'there was also a £20m write-off from the previous owners'; wages £12.7m vs £8.4m.”

2026-07-02 · tr — “Ilıcalı: 'Kulübü 20 milyon sterline aldım. Eğer ciddi varlıkları olsaydı fiyat 60 milyon sterline çıkardı.' Also claims club now worth £250–300m after promotion and that he would have invested £70m more had promotion failed.”

2026-07-14 · tr — “'Yaklaşık 5 yılda kulüp için 120 milyon sterlin harcadım. Premier Lig'e çıkamasaydık 20 milyon daha, sonra 20 milyon daha harcardım.' Also discusses the £55m bridging loan against Premier League revenues.”

2025-12-24 — “After 2024/25 accounts (pre-tax loss £10.2m, debt £41.7m): 'I think that I have spent almost £100m until now.'”

2021-10-30 · tr — “Relays UK reports: '30 milyon Sterlin (400 milyon TL) karşılığında yapılan anlaşmaya göre... Premier Lig'de yer alırsa, Ilıcalı 20 milyon sterlin daha ödeme yapacak. Kulüp krediler nedeniyle Allam ailesine yaklaşık 40 milyon sterlin borçlu.'”

2022-01-20 — “'The completed deal – reportedly worth UK£30 million (US$40.8 million)'; agreement with the Allam family reached as far back as October; EFL approval at a meeting on 19 January.”

2022-01-20 — “Headline says £24m but body says 'completing a €24 million takeover' — consistent with an FX conversion of £20m; Turkish outlets (İnternet Haber, Haber Global citing The Athletic) also carried '24 milyon Euro'.”

2022-02-03 — “Allams resigned as directors; Ilicali, Tan Kesler and Ebru Atasav Tahranci (Acun Medya CEO) listed as directors; ownership transferred from Allamhouse Limited to 'Acum Sports - Acun Medya'; Superstadium Management Company also transferred. Describes it as a '£30m takeover'.”