http://www.dailystar.co.uk/football/view/119544/HULL-READY-TO-SELL-ENTIRE-SQUAD/
HULL READY TO SELL ENTIRE SQUAD
CASH-strapped Hull's entire squad was last night put up for grabs.
Tigers supremo Adam Pearson has been shocked by the club's poor finances since replacing formerchairman Paul Duffen in November.
Hull are understood to be in the region of £10m in debt and have a reported wage bill of around £39m.
And Starsport understands that Hull will listen to offers for ALL of their players in a bid to balance the books – despite boss Phil Brown fi ghting to keep the club in the top flight. Wolves have had a £4m offer for winger Stephen Hunt turned down by Hull – but the club's poor financial state could force the club to part with the
Republic of Ireland star before the Monday deadline. Starsport has also learned that Hull has offered Bernard Mendy to clubs and are even willing to pay part of his wages to help ship the defender out.
Hull's financial plight has led to the club suing Duffen for accepting bungs from agents and using club cashfor his own personal use – allegations the former chairman denies.
The most recent accounts revealed that the Tigers needed to find £16m to stay afloat, even if they manage to retain their place in the Premier League at the end of this season.
And if they suffer relegation to the Championship, they must raise an extra £23m or risk going into administration.
But current chief Pearson admits it may be hard to cut the squad given the lucrative deals handed to playerswhen the club gained promotion to the top flight.
I wonder how much their offering bully for?
I dont think theyre squad is worth as much as they owe!
It such a big club though, remember? I hope they go into administration, get relegated and Jimmy Bullard rots in the Championship for ever more
Relegation for them. So, with them and Portsmouth nearly certain to drop, there's only 1 more team that needs to be concerned. Good for us.
Again, another shining example of poor fiscal management of a football club. These owners really need to be vetted more thoroughly.
Is it wrong my dislike for Hull rivals that of my Chelsae hate?