Size of Acun Ilicali's Hull City task laid bare amid Premier League cash flow

-Credit: (Image: James Heaton/News Images)
-Credit: (Image: James Heaton/News Images)


A quick look at Hull City's accounts in the previous financial year shows the stark reality of being a club in the Championship trying to compete against those with parachute payments.

Owner Acun Iicali plugged the financial gap last year to the tune of an astonishing £24m and no doubt, with increased salaries and transfer fees coupled with the rise in everything else, that figure will have risen significantly by the time we see the new results.

For City to be competitive, they must find a way of maximising their potential within the current dressing room, the academy and the transfer market.

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There remain a host of City's rivals for promotion that are still in receipt of parachute payments with Norwich City and Watford both heading into the third and final year of their Premier League support worth in the region of £16.5m while West Brom, who lost in the play-offs, no longer have that buffer as they face up to a fourth year in the Championship.

The winner of Sunday's play-off final at Wembley will bag around £200m from promotion to the Premier League, but the loser be that Southampton or hopefully Leeds United will still pocket £35m for a second Championship campaign, though both will likely have to sell players.

Burnley, Sheffield United and Luton Town will benefit from around £50m before seeing that reduced if they don't go straight back up having been in the top flight this season, showing how far behind City and the rest of the clubs in the Championship are when it comes to finances.

With two of last season's three relegated clubs going straight back up along with Ipswich Town, it's believed the Premier League will save a cool £103m which will be distributed among its 20 member clubs.

Essentially, Luton Town's one campaign in the tip flight means they'll kick the season off £50m better off than the Tigers just in parachute payments alone.

Burnley look like being forced into finding a new manager with Vincent Kompany heading off to Bayern Munich while beleaguered Sheffield United will start the season on minus two points and Luton expect to invest much of their Premier League money into their new stadium build at Power Court.

The Championship will be even more competitive next season and for City to compete at the top end and again but go one better than the seventh they achieved under Liam Rosenior, they'll need to summon up all their expertise, call in those favours and ensure their recruitment is on point from the earliest possible opportunity.

Clubs like Middlesbrough, Bristol City, Coventry City and West Brom will all be doing the same, so it's imperative the Tigers get their ducks in a row and get off to a flying start this summer.