24.12.2025 15:20
Acun Ilıcalı, the owner of Hull City, spoke about the club's financial structure and the reported loss figures. Ilıcalı, who stated that he has invested approximately £100 million in the English team so far, said, "If we get promoted to the Premier League, watch me! I'm sure the fans already know how crazy I am, but if we get promoted, they will see the real crazy guy."
Acun Ilıcalı, the owner of Hull City, spoke after the club's financial structure and the announced loss figures. Ilıcalı stated that he has invested approximately £100 million in the English club so far and announced that he will continue to support the club.
£10.2 MILLION LOSS ANNOUNCED
Following the latest accounts indicating that Hull City has incurred a pre-tax loss of £10.2 million for the 2024/25 season, concerns arose among fans. It was stated that after the newly announced loss, the club's debt level has risen to £41.7 million.
"WATCH ME IF WE GET PROMOTED TO THE PREMIER LEAGUE"
Acun Ilıcalı made bold statements regarding the Premier League goal. Ilıcalı said, "If we get promoted to the Premier League, watch me! I'm sure the fans already know how crazy I am, but if we get promoted, they will see the real crazy guy!"
FFP WARNING: SALES REQUIRED BEFORE JULY 1
Ilıcalı also made an important statement regarding the Financial Fair Play (FFP) balance. He mentioned that the club is at risk of exceeding the three-year FFP balance, stating, "That's why we will need to make some sales before July 1. I'm not talking about a lot of sales; a few sales will be enough. Our salary expenses are very high."
"IF YOU WANT SUCCESS, YOU HAVE TO SPEND MONEY"
Ilıcalı emphasized that spending is necessary for the club's goals, saying, "If you want to compete for the playoffs, you have to spend money. It's that simple." Addressing the criticisms, Ilıcalı stated that spending is essential for a strong team, adding, "I think I've spent about £100 million so far, and I'm happy with that because we have a strong team."
"CREDITS ARE NOT FROM BANKS, THEY'RE FROM ME"
Acun Ilıcalı explained the club's debt structure, stating that the loans at the club are not from banks. Ilıcalı said, "Having some loans for the club is not dangerous because these loans are not from banks; they are mine, and I love this club very much. I am happy to spend this money, but we need to maintain balance."
PLAN TO CUT SALARY EXPENSES
Ilıcalı mentioned that they plan to reduce the salary budget for the club to achieve a more sustainable structure. He highlighted, "We need to reduce salary expenses by about £3 or 4 million, and I think some sales will be sufficient for that."
"WE NOW HAVE SALEABLE PLAYER ASSETS"
Ilıcalı pointed out that player sales are also a balancing factor in English football, stating that Hull City now has significant assets. He mentioned that they have invested in players like Charlie Hughes, Eliot Matazo, Muhammed Belloumi, Liam Millar, Darko Gyabi, and Ryan Giles, saying, "Two years ago, we had two players we could sell. Now we have many players we can sell."
"IF I WANTED TO MAKE A PROFIT, I WOULDN'T HAVE BOUGHT THIS CLUB"
Ilıcalı clearly expressed that he does not aim for financial profit in management. He stated, "If I were someone who calculates budgets and tries to make a profit, I would never have bought this club. I came here to spend money for this beautiful team and to make these wonderful people happy."