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Hull City owners pay club's tax bill

 

Hull City Football Club’s soon-to-be owners Assem and Ehab Allam have reportedly paid £1m to help the club avoid a winding up order from HM Revenue and Customs.

The payment is a response to a letter warning of a winding order from HMRC. Neither the Npower Championship side nor HMRC would comment on the issue directly.

In a statement Ehab Allam said: "To try and alleviate financial pressures we have remitted funds to an escrow account to be released on completion."

"We have also offered financial guarantees to enable completion to take place as soon as possible."

A statement from HMRC did not confirm specific details: "We are unable to discuss individual cases due to taxpayer con­fi­den­ti­ali­ty.

"Any business that regards paying tax as an optional extra after other expenses are met, or that uses tax collected from employees or customers as working capital, is potentially heading for trouble."

Assem and Ehab Allam are expected to complete a takeover for the Tigers in the next few weeks after coming to an agreement with Russell Bartlett.

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