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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:03 pm  
goochie124 wrote:
I don't know what his wealth is, but I think he paid a pound for City and sold them for something like £10million, though I may be completely wrong.

Also, he wasn't the only person putting money into City.


Pearson, and his backers, paid £3m for City iirc
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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:10 pm  
Standee wrote:
Pearson, and his backers, paid £3m for City iirc


You sure? Didn't he buy City an hour before we were going to go under, and so got the club for a pound, and then needed to clear the debts to Lloyd?

I'll have a look on tinterweb and see if I can find anything!
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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:15 pm  
Just found this from a times article
"The potential return of Pearson could be the boost the club need after their poor start to the season. He and Peter Wilkinson, an internet entrepreneur, bought the club for £360,000 in 2001, when it was in administration. Hull were sold for £13 million two years ago, making a hefty profit for the two."
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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:21 pm  
Smiggs wrote:
Just found this from a times article
"The potential return of Pearson could be the boost the club need after their poor start to the season. He and Peter Wilkinson, an internet entrepreneur, bought the club for £360,000 in 2001, when it was in administration. Hull were sold for £13 million two years ago, making a hefty profit for the two."


The one I found, from the Independent says: "Councillor Doyle said the council had pressed the main creditors, the Inland Revenue and Customs and Excise, to accept any deal which would save the club. Pearson's deal gives them pounds 248,000 out of pounds 800,000 owed. A long list of unsecured creditors, who had the misfortune to deal with Hull, will get nothing. The administrators, Kroll Buchler Philips, will receive pounds 100,000 for four weeks' work. An associate, Peter Holder, said this worked out at less than the full rate for the job."

So the previous owners got nothing, the Inland Revenue got circa (a word we need to get used to with Adam!) £250K and the Administrators got £100K.
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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:25 pm  
Smiggs wrote:
Just found this from a times article
"The potential return of Pearson could be the boost the club need after their poor start to the season. He and Peter Wilkinson, an internet entrepreneur, bought the club for £360,000 in 2001, when it was in administration. Hull were sold for £13 million two years ago, making a hefty profit for the two."


Pearson also bought around £3.5m of shares in Derby when he moved there.

http://www.telegraph.co.uk/sport/football/2324450/New-Derby-chairman-backs-Billy-Davies.html
Smiggs wrote:
Just found this from a times article
"The potential return of Pearson could be the boost the club need after their poor start to the season. He and Peter Wilkinson, an internet entrepreneur, bought the club for £360,000 in 2001, when it was in administration. Hull were sold for £13 million two years ago, making a hefty profit for the two."


Pearson also bought around £3.5m of shares in Derby when he moved there.

http://www.telegraph.co.uk/sport/football/2324450/New-Derby-chairman-backs-Billy-Davies.html
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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:28 pm  
I think this could be a great thing for the club. Knows how to build a successful club from nothing, so hopefully with us already being successful off the field it won't take as much time to get success on the field. Welcome to the club Mr Pearson.
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The Reason wrote:
Hi Andy

The Rugby Football League are in the process of reviewing the video that you are referring to. We do not condone behaviour of this nature and have contacted the player’s employer, Hull F.C., who have confirmed that they are dealing with the incident under their club rules.
 
 
Regards,
 
Matthew

Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:35 pm  
VerbalKint wrote:
you obviously dont know anything about Tim Wilby or AP to compare the two to be honest, the 2 blokes couldnt be further apart in personality, business acumen, honesty and integrity, ridiculous comment :roll:


So what dealings have you had with the two?
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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:41 pm  
Standee wrote:
Ultimately Rule is in charge of FC day to day, Pearson is in charge of City,


Does anyone seriously believe that situation will continue for long?

AP may feel he needs a "day job" but the longer his "day job" is at Hull City, the more concerned I would become
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Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:47 pm  
cod'ead wrote:
Standee wrote:
Ultimately Rule is in charge of FC day to day, Pearson is in charge of City,


Does anyone seriously believe that situation will continue for long?

AP may feel he needs a "day job" but the longer his "day job" is at Hull City, the more concerned I would become


I would imagine he will get himself comfortable with the business of RL before jumping in fully, no need for him to commit himself 100% as such at present when in fairness Rule & Co have run the club well off the field.
Once he gets a better idea and understanding of it things may indeed change.
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Tarquin Fuego wrote:
I love Jamie and have done since he was 10 years old.


The Reason wrote:
Hi Andy

The Rugby Football League are in the process of reviewing the video that you are referring to. We do not condone behaviour of this nature and have contacted the player’s employer, Hull F.C., who have confirmed that they are dealing with the incident under their club rules.
 
 
Regards,
 
Matthew

Re: Adam Pearson in Hull FC takeover bid.... : Fri Jul 22, 2011 3:58 pm  
Standee wrote:
if it wasn't for the mod status you've managed to con from somewhere I could just block your posts and ignore your bile.


Does this mean I'm not getting anymore pm's?
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