Hull City sold to Turkish businessman in £30m deal
- Acun Medya, Turkish TV personality, finalizes a deal that has been worked on for six months
- Acun Ilicali ends Allam family’s 11-year tenure as Championship club owners
Turkish businessman and TV personality Acun Ilicali has completed his takeover of English second-tier football club Hull City, the Championship side have confirmed.
The 52-year-old, who witnessed the FA Cup third round defeat to Everton at the MKM Stadium earlier this month, received English Football League (EFL) endorsement during a meeting on January 19 to become the new owner.
Ilicali has spent the last six months working on a deal for his Acun Medya group to buy the club, striking a deal with the Allam family as early as October.
The deal reached – worth an estimated £30m ($40.8m) – ends the Allam family’s 11-year reign as landlords.
“I’m happy to have achieved one of my biggest dreams today,” said Ilicali.
“We are starting a beautiful journey with Hull City. We have many big dreams and goals to achieve with our fans.
“I want to thank the Allam family for the friendship and sincerity they have shown during this process. I sincerely believe that we will succeed with the amazing fans of this beautiful city.
Outgoing vice-chairman Ehab Allam insisted Hull would be left in good hands.
“We are happy and proud to leave Hull City on a solid and stable financial footing,” Allam said.
“During our tenure, we have worked hard to create a sustainable model and a successful academy organisation, giving the club the foundation it needs for the future.
“The ability to develop and exchange local talent is an integral part of a sustainable club football, and we look forward to seeing more and more players follow this path at Hull City.
“There have been many ups and downs over the past 11 years or so but we will carry very fond memories with us. Memories of some of the greatest achievements in the club’s history and those we have had the privilege of being part of it.
“We have worked with some great hard-working managers, players and staff and I would like to pass on my thanks to them for all of their efforts over the years.
“Now is the time for a new owner to take over and I would like to wish Acun and his team the best for the future. We have taken a very commercial approach to running the club and I really hope that Acun can rebuild the relationship with the fanbase and also bring back the on-pitch success that the fans crave and deserve.