Takeover bid for Hull City FC
A supporters trust has launched a bid to buy Hull City FC, according to reports.
Hull City Supporters Trust have launched a reported £45m bid to buy the club with a letter of intent given to club chairman Assem Allam. HCST are working with SportyCo, an investment firm which is the shirt sponsor of Spanish La Liga side Espanyol.
A statement issued by SportyCo said: “The deal structure will see a consortium of UK/US investors and Hull City AFC fans working together to ensure the club’s future success, by including fans into the ownership structure of the club.”
It is understood this latest bid is the third offer the club.
