Hull City takeover close

07 December 2010 12:30
Hull's prospective new owners Assem and Ehab Allam are expected to complete their takeover at the KC Stadium before the end of the week.

The Allams, who have been in talks over a renegotiated deal with current owner Russell Bartlett for several weeks, have transferred funds of £833,000 into a holding account.

The Tigers, whose debts are understood to total more than £21million, have outstanding tax debts, while it has been reported the Allams have claimed the club were heading for administration if the deal had not taken place.

Source: PA