Posters seem to forget why Hull were embargoed in the first place.
Their owner publicly admitted at the end of the season that they will likely need to sell first team players to ease the financial burden of their soaring wage bill, with him also encouraging external investment.
To sum up their issues this is from the Athletic:
- Hull had future commitments of almost £22m to clubs for players signed under Ilicali at the end of May
- A debt of close to £3m is owed to former owner Ehab Allam
- Several clubs have been approached with a request to delay transfer payments
- Some suppliers have been forced to pursue the club for outstanding money
Then they defaulted on payments to Man City / Aston Villa.
Apparently no club without parachute payments detailed transfer debts that high in their most recent accounting year.
Given the above, why would we go in with a huge bid when quite clearly their financial situation is something we can exploit and potentially benefit from re. by testing their resolve with Hughes and hope he pushes through a move.