Hull City owner Acun Ilicali is exploring options for outside investment to help ease the financial demands of running a Championship club, as per Hull Live.
Ilicali, who has owned the club since January 2022, is understood to have held talks with potential investors in recent months. While no deal has been reached, discussions are expected to continue over the summer. A full sale is not on the table, with Ilicali keen to retain overall control.
The Tigers, who have not benefitted from Premier League parachute payments in recent years, have felt the strain of heavy spending across recent transfer windows. Latest accounts showed the club was losing around £500,000 per week, contributing to a reported £66m in debt.
Although player sales, including Jacob Greaves and Jaden Philogene, have helped recoup around £30m, last summer’s arrivals such as Liam Millar, Mohamed Belloumi, Charlie Hughes, Ryan Giles and Abu Kamara have added to the financial burden.
Ilicali remains committed to funding the club but is open to bringing in the right partner to share the load. Any investment would be on the condition that he remains in charge.
City are expected to sell players again this summer to balance the books, while Ilicali still plans to support the incoming head coach with funds to reshape the squad.
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