According to reports from BBC Sport the Hull City supporters’ Trust is preparing a bid of around £45 million alongside a US and UK consortium in an attempt to take ownership of the Championship club.
The consortium behind the proposed deal consists of multiple investors from a sports crowd micro-financing business SportyCo.
Hull City are currently owned by the Allam family and have secured promotion to the Premier League on two occasions, in 2013 and 2016, since their takeover in 2010. However, The Tigers have twice suffered relegation from the top-flight under the Allam family, and they have endured a less than harmonious relationship with Hull’s supporters since a proposal to change the club’s name to the Hull Tigers was blocked by the FA in 2015.
That has led to some minor protests from sections of The Tiger’s fan base and to the Allam’s declaring they were looking to sell the club in 2014. Since then there has of yet not been a successful bid proposed by outside investors to convince the current owners to sell the club. However, the new proposed consortium and Hull supporters’ Trust could finally see the Allam’s relinquish control of the club.
Fresh investors with a fresh desire to pursue the daily running of the club could be what is required to lift The Tigers out of their seemingly downward trajectory in recent seasons. Hull struggled last season with manager Leonid Slutsky being replaced by current boss Nigel Atkins last December, and the former Reading and Southampton manger guided Hull to an 18th place in the Championship, a year on from their relegation from the Premier League. This season has not started well either with Hull currently bottom of the league with eight points from their opening 12 matches.