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Hull City put entire squad up for sale - report
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11 Jun 2010 13:13:00
Hull City have put their entire squad up for sale after their relegation to the Championship, according to reports.
The Tigers need to generate around £8 million before August to remain financially stable, ahead of a promotion push next season which means they need to lower their wage bill and generate as much cash as possible.
The fire sale means that there is a right price for any member of the squad as the club battles debts approaching £38m.
First out the door could be defender Steven Mouyokolo, with the player expected to complete a £3.75m move to Stoke City next week. Hull will only receive £1.75m from the deal, however, as they still owe the Frenchman’s former club Boulogne £2m for his original transfer to the KC Stadium in January 2009.
The Tigers also still owe £2.75m to Reading for Stephen Hunt’s move last summer, and £1m to Fulham for record-signing Jimmy Bullard’s move 18 months go. This means Hunt and Bullard are certainties to leave the club to settle these outstanding debts.
Celtic are sniffing around Bullard’s situation, while Hunt has many potential suitors including Wolverhampton Wanderers, who had a £5m bid for the player rejected earlier this summer.
Also, Leeds United are one of a number of clubs keen on signing striker Caleb Folan, with a £1m price tag placed on the Republic of Ireland international.
With Phil Brown’s severance deal finalised and Iain Dowie not expected to be given the manager’s position full-time, the club are trying to find to manager prepared to take on the ailing club. Paul Hart is the expected choice and a deal could be agreed before the end of June.
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The Tigers need to generate around £8 million before August to remain financially stable, ahead of a promotion push next season which means they need to lower their wage bill and generate as much cash as possible.
The fire sale means that there is a right price for any member of the squad as the club battles debts approaching £38m.
First out the door could be defender Steven Mouyokolo, with the player expected to complete a £3.75m move to Stoke City next week. Hull will only receive £1.75m from the deal, however, as they still owe the Frenchman’s former club Boulogne £2m for his original transfer to the KC Stadium in January 2009.
The Tigers also still owe £2.75m to Reading for Stephen Hunt’s move last summer, and £1m to Fulham for record-signing Jimmy Bullard’s move 18 months go. This means Hunt and Bullard are certainties to leave the club to settle these outstanding debts.
Celtic are sniffing around Bullard’s situation, while Hunt has many potential suitors including Wolverhampton Wanderers, who had a £5m bid for the player rejected earlier this summer.
Also, Leeds United are one of a number of clubs keen on signing striker Caleb Folan, with a £1m price tag placed on the Republic of Ireland international.
With Phil Brown’s severance deal finalised and Iain Dowie not expected to be given the manager’s position full-time, the club are trying to find to manager prepared to take on the ailing club. Paul Hart is the expected choice and a deal could be agreed before the end of June.
Become a fan of Goal.com UK's Facebook fan page for all the latest news and insight into everything related to the beautiful game!
| Sign up with 188BET for a FREE bet up to £25 – Great Prices, Every Game |
|
| Open an account with Sportingbet today and get up to £100 in free bets! |
|
| Sign up with William Hill for a free bet up to £25 |
|
| Sign up with bet365 for a free bet up to £200 |
|
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