Transfer Rumour Charlie Hughes (34 Viewers)

[Balli001]

I get that but on the same token Southampton have just bid for Jack Rudoni and I don’t believe he is for sale

Making a one off bid doesnt mean much. Going back in again suggests being given encouragement to do so

 

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[AFCCOVENTRY]

I get that but on the same token Southampton have just bid for Jack Rudoni and I don’t believe he is for sale

Could be agents also using others to get Premiership bids in… same for Hughes

 

[procdoc]

Could be agents also using others to get Premiership bids in… same for Hughes

I can't see a premier league team taking a punt on Hughes yet

 

[Deity]

I get that but on the same token Southampton have just bid for Jack Rudoni and I don’t believe he is for sale

For the right price he is. Every player is.

Newcastle are desperate to keep Issac but I doubt they will.

 

[Trueskyblue20]

Could be agents also using others to get Premiership bids in… same for Hughes

Yeah it could well be. I just don’t see either Hull selling Hughes or us selling Rudi to a Championship team but stranger things have happened

 

[Diogenes]

JH is on the scene:

 

[Terry_dactyl]

Matt Grimes wasn’t exactly making ‘come and get me’ shouts at Swansea in the days before he signed. I have no idea where this money is coming from if we’re actually putting these bids in, given we’re not raising huge amounts for MVE.

I reckon we’ve had some/are having some investment right? From someone/people other than Doug.

 

[SkyBlueGuy]

I reckon we’ve had some/are having some investment right? From someone/people other than Doug.

Christian Horner has a bit of time and money on his hands these days...

 

[Brighton Sky Blue]

I reckon we’ve had some/are having some investment right? From someone/people other than Doug.

If we are then fair enough, but that's not been confirmed anywhere.

 

[AFCCOVENTRY]

JH is on the scene:

he’s remembered his login or done an account recovery

 

[SkyBlueStallion_89]

JH is on the scene:

Been a bit quiet recently after posting some exclusives 2-3 days straight, Janice must of had a relapse back on the crack so it's understandable he went quiet! Good to see me old mucca back with a bang

 

[shepardo01]

His old manager is on the case!

 

[skybluecam]

If we’ve initially bid at £4m and then immediately gone back in at £7m and now considering 8-9 that suggests to me that Hull have named ~£10m as their actual asking price privately.

 

[Cov4Ever]

JH is on the scene:

To be fair to him if hull are one of the favourites for relegation then I wouldn't like to be there and if they sell now at least they get 10 mil not 4/5 in a years time.

 

[Cov4Ever]

His old manager is on the case!

Also find it hilarious that people tweet these. It's not like the manager is going to go 'oh yeah we are interested and we have put a bid in'. It's just attracting attention and that tweet adds no context what so ever.

 

[mrfr]

Acun Ilıcalı

TIL Hull City have a bar chart for an owner. Must be good with numbers.

 

[CovInEssex]

TIL Hull City have a bar chart for an owner. Must be good with numbers.

Looks like a skyline

 

[Covcraig@bury]

We’ve made our bid, now we walk away . They’ll come back with cap in hand, they’re skint !

 

[HuckerbyDublinWhelan]

Sergej Jakirovic questions Coventry actions after Hughes transfer approach

Hull City are facing a battle to keep their star defender at the MKM Stadium amid strong interest

www.hulldailymail.co.uk

sounds like the head is turned… very similar to our pursuit of Grimes

 

[covcity4life]

Sergej Jakirovic questions Coventry actions after Hughes transfer approach

Hull City are facing a battle to keep their star defender at the MKM Stadium amid strong interest

www.hulldailymail.co.uk

sounds like the head is turned… very similar to our pursuit of Grimes

We may be trying our luck that they need the money and sell him cheap

If they resist again we will probably give up

Glad the club giving it a try though

 

[HuckerbyDublinWhelan]

We may be trying our luck that they need the money and sell him cheap

If they resist again we will probably give up

Glad the club giving it a try though

We definitely tried a cheap silly bid with 4m - if we’ve jumped to 7 million straight away we can’t be far away.

just hope we win on Saturday now

 

[hamil99]

Hughes agent would have given us the nod to make a bid if his client was interested. You don’t just make a bid for the sake of it these days.

Middlesbrough agreed a fee with Ipswich for Hayden and he said no. So it does happen.

 

[Deity]

Middlesbrough agreed a fee with Ipswich for Hayden and he said no. So it does happen.

Agreed but often because the player becomes aware of an even better offer from another club …. It happened to us last summer with the guy who chose Forest over us when we thought it was a done deal that he was joining us.

 

[Speedie's Head]

I reckon we’ve had some/are having some investment right? From someone/people other than Doug.

Who knows but outsiders are not allowed to own players anymore e.g. Robbie Keane, any investment must be through the club proper, then it's all transparent.

 

[Deity]

Looks like an external investor has invested £15m and now owns 10% of the club.

The calculation is 11,000,000 original shares + 1,222,222 newly issued shares =12,222,222 total shares. 1,222,222 shares therefore equates to 10%.

The £15m looks like it has gone into the company (rather than out to a seller) as these are new shares. This therefore implies Doug valued the club at £135m before the money came in and £150m post money (hence £15m for 10% stake).

It will be very interesting to know who now owns that 10%. Unlikely to be Doug or related party as he could just continue to fund the business by way of the 0% unsecured loans he

maybe @Pitch87 was spot on all along ….

 

[StrettoBoy]

maybe @Pitch87 was spot on all along ….

It’s possible but equally it could be that Doug has just capitalised some of his loans to strengthen the balance sheet.

 

[Robinshio]

Changing to equity makes it easier to put money in as doesn’t count the same towards the loss calculation

 

[SBAndy]

It’s possible but equally it could be that Doug has just capitalised some of his loans to strengthen the balance sheet.

Little to no merit in “strengthening the balance sheet” given the circumstances. The funds were lent interest-free so there is no interest deduction on the P&L to account for (thereby meaning no impact on PSR) and we’re nowhere near flying close enough to the sun for any debt management plan being handed down to us. Add to the fact that by capitalising the loan, Doug would essentially be foregoing his right to claw back when it’s seemingly bringing no tangible benefit to either him or the club by doing so. I am 100% confident it’s external investment.

 

[StrettoBoy]

Little to no merit in “strengthening the balance sheet” given the circumstances. The funds were lent interest-free so there is no interest deduction on the P&L to account for (thereby meaning no impact on PSR) and we’re nowhere near flying close enough to the sun for any debt management plan being handed down to us. Add to the fact that by capitalising the loan, Doug would essentially be foregoing his right to claw back when it’s seemingly bringing no tangible benefit to either him or the club by doing so. I am 100% confident it’s external investment.

I'm not saying you're wrong - I have always acknowledged that it could be a fresh cash injection and I very much hope that it is - but it isn't necessarily that straightforward.

Late last year the football authorities were considering amending the PSR rules so that, for those purposes, clubs had to apply notional interest at a commercial rate to loans made by owners and other associated parties. This was to produce a level playing field between clubs financed by soft loans and those, such as Manchester City, relying on associated party sponsorship deals at inflated prices. It could be, I put it no more strongly than this, that DK has capitalised existing loans in order to comply with this rule change if it happens.

It isn't strictly true to say that Doug would be foregoing the right to claw back his money as - although it is not so straightforward as recalling a loan - it could be done by way of a purchase of own shares by the club or a capital reduction. I have advised on many of those over the years and providing you meet the solvency requirements it's not that difficult.

Thanks for your thoughts on this and let us both hope that it is a new injection of cash by Doug or an external investor It could explain why we seem to have enough cash to offer a large transfer fee for Charlie Hughes.

Anyway, I will leave it at that. You and I may be fascinated by this but I suspect that most followers of this thread are more interested in what signings we can make in this transfer window

 

[SkyB]

Sergej Jakirovic questions Coventry actions after Hughes transfer approach

Hull City are facing a battle to keep their star defender at the MKM Stadium amid strong interest

www.hulldailymail.co.uk

sounds like the head is turned… very similar to our pursuit of Grimes

get him in, clearly a level headed and smart bloke. Hull or Cov is a no brainer