Pearson Will Open 2nd Stint at Hull City With Transfer Probe
Filed under: Business, EPL, Hull CityHull City’s transfers over the last two years are to become the subject of an internal investigation at the KC Stadium
From Daily Mail:
Adam Pearson returns as chairman of the troubled club on Monday and his first objective will be to analyse all the deals that were authorised by Paul Duffen , whose term as chairman and chief executive ended on Wednesday amid serious concerns
over Hull’s financial crisis.
Pearson stepped down as chairman at Derby County on Wednesday night to go back to a club he rescued from administration in 2001 before then selling it for £12million in June 2007 to a consortium led by Duffen and financed by property tycoon Russell Bartlett.
When Pearson left Hull, who by then were in the Championship, there was around £1m in the bank and a relatively modest wage bill of £3.5m. Little more than two years later and Hull are saddled with debts of £27m and an astonishing wage bill of £40m — ranking them among the highest payers in the Barclays Premier League and leaving them facing financial meltdown if the season ends in relegation. (more…)









