HULL CITY TAKEOVER: New owner Assem Allam, a millionaire giving something back
HIS track record in business suggests he is a man who knows what he wants and maybe more importantly, just how to get it.
And with that in mind, perhaps it is no shock that Egyptian-born entrepreneur Assem Allam has today become the new owner of Hull City.
Having spent four decades living and working in East Yorkshire, the 70-year-old has become of the region's most interesting success stories.
Fleeing Egypt as a student in 1968 after speaking out against dictator Gamal Abdel Nasser's regime, he studied economics at the University Of Hull before working for Tempest Diesel as an accountant.
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Using a loan to orchestrate a management buy-out in 1981, he changed the name to Allam Marine, and has since led the business to great success.
Turnover at the Melton company reached £116m last year.
And according to the Sunday Times Rich List, Mr Allam is now worth £150m – with his business one of the UK's fastest growing in terms of profits.
East Yorkshire has clearly given him a great deal.
And throughout his month-long pursuit of a controlling stake in the Tigers, Mr Allam has made it clear he wants to give plenty back to the City.
"I have been here for 42 years and I have built up my business while I have been in this area and it is time to pay back to this area," Mr Allam said when previously talking about his bid to take over.
"Hull City is very important to this area.
"I am not a football fan. I like football and I watch football and I follow things about football.
"I am a Hull City supporter so I would not go to make an offer for say Leeds United or Sheffield Wednesday, no, I would not go as far as that.
"It's Hull City for the importance of Hull City for Hull and East Yorkshire."
Mr Allam has shown his commitment to the region in recent times by committing his time and money to local projects.
He is a trustee of the Daisy Appeal, raising money for medical research at Castle Hill Hospital.
In recent times he has provided financial support to Hull Truck Theatre, as well as various local grassroots sporting clubs.
And last year, he made a donation of £1.5m to the University Of Hull – where a lecture theatre is now named after him.
Now, he is set to turn his attention to putting the Tigers back on a firm footing, with talk of an immediate cash injection of between £10m and £12m to meet due repayments and help manager Nigel Pearson recruit new players in January.
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