Financial crisis at Acun Ilıcalı's team! The amount of debt is staggering

Acun Ilıcalı's club Hull City's name is in the news due to the financial crisis.

The club confirmed in an official statement that they had been placed under a transfer ban.

"We confirm that we have received notification from the EFL that they have imposed a transfer ban and a three-window wage restriction, effective immediately. We will appeal this decision and are confident that we will resolve the matter as soon as possible," the statement read.

DEBT CLAIM FROM THE ATHLETIC

Following the transfer ban, the British press has been focusing on the club's financial situation. The Athletic published a noteworthy report on Hull City's financial situation.

According to the report, the club's current debt totals around £25 million. £22 million of this debt is made up of transfer debts owed to Acun Ilıcalı, while the remaining £3 million is owed to the club's former owner, Ehab Allam.

A NEW SEASON BEGINS UNDER THE SHADOW OF DEBT AND PUNISHMENT

Hull City, which Acun Ilıcalı took over in 2022, will be grappling with this financial crisis ahead of the new season. The three-window transfer ban and financial restrictions have the potential to directly impact the club's squad structure.

All eyes are now on the club's appeal process and the steps to be taken to alleviate this debt burden. The footballing public is eagerly watching how Hull City will navigate this challenging situation.

Source: News Center