BrandArena: Turkish TV tycoon, Acun Ilicali Completes £30Million Takeover of Hull City

Thursday 20 January 2022

Turkish TV tycoon, Acun Ilicali Completes £30Million Takeover of Hull City

Turkish businessman and TV personality, Acun Ilicali has completed his 'dream' takeover of the English second-tier football team, Hull City.

The 52-year-old, who was in attendance at the MKM Stadium for the FA Cup third-round defeat to Everton earlier this month, obtained authorisation from the English Football League (EFL) to become the new owner at a meeting on January 19th.

Ilicali has been working on a plan to buy the club for his Acun Medya company for the past six months, striking an agreement with the Allam family as early as October.

The completed sale, which is said to be valued £30 million (US$40.8 million), brings the Allam family's saga to a close.

“I am happy that I have fulfilled 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 together with our fans. I would like to thank Allam family for the friendship and sincerity they have shown during this process. I genuinely believe that we will achieve success with the amazing fans of this beautiful city.”

The outgoing vice chairman, Ehab Allam insisted Hull would be left in safe hands.

“We are happy and proud to be leaving Hull City on a strong and stable financial footing,” said Allam.

“During our tenure, we have worked hard to create a sustainable model and successful academy set-up, giving the club the foundations it needs for the future.

“The ability to develop and trade homegrown talent is an integral part to a sustainable football club, and we look forward to seeing more and more players follow that pathway at Hull City.

“There have been lots of ups and downs over the last 11 years or so, but we will take some very fond memories with us. Memories of some of the greatest achievements in the club’s history and ones we have been privileged to be a part of.

“We have worked with some excellent and hard-working managers, players and staff and I’d like to pass on my thanks for all of their efforts over the years.

“The time has now come for a new owner to take up the mantle and I’d like to wish Acun and his team the very best for the future. We have taken a very business-led approach to running the club and I truly hope Acun can rebuild the relationship with the fanbase and also bring back the success on the pitch that fans crave and deserve.”

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