Hull City have released a statement confirming due diligence is taking place between the Allam family and a prospective buyer as the takeover of the club moves a significant step closer.
A deal to buy Hull City has been agreed in principle between controversial owner Assem Allam and Turkish media mogul Acun Ilicali. Allam's family have owned the club since 2010.
The Turkish businessman has agreed to pay a fee believed to
be £30m for the club, with a further payment taking the total to £50m should
the Tigers win promotion to the Premier League within a certain timeframe.
The prospective new owner is said to want to appoint a Turkish coach to replace Grant McCann according to the EFL show.
Ilicali is a former journalist who has built up a successful
TV empire in his native Turkey. He owns the popular TV8 channel and the
streaming service Exxen, which broadcasts Champions League and Europa League
coverage.
The 52-year-old came close to buying Dutch club Fortuna
Sittard earlier this year but has since turned his attentions to buying Hull.
A string of suitors have since attempted to buy a club that
played Premier League football as recently as 2017 only to encounter a variety
of stumbling blocks.
It is understood Ilicali has shown the necessary funds for a
deposit to buy Hull but there are still funding obstacles to overcome.
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