'The finances of the club are very good'

BUT ILICALI WOULD WELCOME INVESTORS

- By BARRY COOPER

Hull City owner Acun Ilicali has admitted he would welcome a new investor into the club to share the financial burden, but has stressed the Tigers remain financially robust and not for sale.

City have spent significant sums on transfer fees and salaries since Ilicali bought the club in January 2022 from the Allam family, with more than £20m spent last summer as debts have risen to a total of £66m as per the most recently filed accounts.

After heavy investment last term, Ilicali admits the club will need to be more frugal in the transfer market this summer which could see some first team players sold to ease the wage bill and also free up funds for the new manager.

However, he insists City will still work to a budget that will put them inside the top 10 spenders in the division.

City's last accounts showed the club were losing around £500,000 per week, and that has understandably worried supporters, but the Turkish businessman believes the finances are not in a dire state, though he admits outside investment would ease the financial burden.