SportyCo backed by UK/US investor consortium and Hull City Supporters Trust preparing £45 million bid for Hull City AFC
SportyCo backed by UK/US investor consortium and Hull City Supporters Trust is preparing a £45 million bid for Hull City AFC. 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 ownership structure of the club.
“We are 100% sure that this new and unique approach of combining institutional investors and the fan base will enable us both to achieve our goals: a successful and stable Hull City AFC that will be a joy to watch play. This model will surely be emulated by other clubs in the future and Hull City AFC fans are thrilled to be the trendsetters of how fans take a more active role in clubs they support.”.
Geoff Bielby, Chairman of the Hull City Supporters Trust
Marko, our CEO, has already met with the Allam family to discuss the possibilities of acquiring Hull City AFC and an official letter was sent with the invitation to start negotiations. The process was facilitated in cooperation with Alexander Jarvis from Blackbridge Sports.
“SportyCo has always been on the forefront of crowdsourced sports financing and using new technologies and approaches to achieve this. We are excited to have been able to set up a unique ownership and management structure where institutional investors work hand in hand with fans in the management and future development of the club.”.
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