Hull City’s Finances Show The Downside Of “Ambition”

“Football fans have become better educated in the mysteries of football finances over recent years out of necessity as much as anything else, but just occasionally old naiveties come to the fore. It might just be that they can’t believe that things could be as bad off the pitch as on it at the moment, but Hull City fans are less concerned than they should be about the lack of financial information coming out of their club in recent times, and now that the information has come out and has proved as grim as one may have feared, they still don’t sem to believe that things can be as bad off the pitch as on it; despite the phrase “significant doubt over their ability to continue as a going concern” appearing not once, but three times in a relatively short annual report and statement of accounts for the Tigers’ promotion year.” (twohundredpercent)

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