HULL CITY: Tigers set to cash in on Myhill as West Brom offer £1.5m
HULL City were today set to cash in on long-serving keeper Boaz Myhill after West Brom tabled a £1.5m offer.
The 27-year-old was due for talks with the Baggies and, providing there are no late hitches, he was expected to become the latest player to depart the KC Stadium this summer.
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Boaz Myhill could be on his way to West Brom.
Myhill, who played in City's friendly 4-2 defeat to Sunderland last weekend, had been keen to remain in East Yorkshire and help the Tigers launch a promotion push back into the top flight.
But despite seeing a host of big earners exit the KC this summer, few inroads have been made into the club's debts, which were thought to stand in the region of £34m upon relegation in May.
It is understood around £10m is still owed to clubs in outstanding transfer fees, with a further £12m owed in a long-term loan to Investec Bank.
Another £4m is still thought to be owed to the Inland Revenue.
Head of football operations Adam Pearson confirmed City had received a firm offer from West Brom.
And he admitted the financial situation could force Tigers' hand.
He said: "The situation is we have had an offer in.
"With the position the club is in we obviously have to consider every offer. We have also got a good keeper already on the staff in Matt Duke.
"Obviously we would need to replace Boaz but the position with the club, and the fact we owe a lot of money to other clubs, puts us under some pressure to raise cash this summer.
"All we have raised so far is the cash off the two Wolves moves so it puts you under pressure to look at these deals carefully."
A move to West Brom would see Myhill return to the West Midlands, where he spent his formative years with Aston Villa before joining the Tigers for £50,000 in December 2003.
Myhill, who has developed a keen affinity during a historic run of three promotions in five years, was understood to be content to stay at the KC and serve out the remaining two years of his deal.
But following relegation from the top flight last month, the US-born stopper accepted that his future may be taken out of his hands with City's financial woes in grave need of attention.
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by Mel U, Southampton
Saturday, July 31 2010, 9:21PM
“Chris, the case against Paul Duffen was strong.
Lets be clear on this. The action was brought because club funds had been used by Smith and Duffen to invest in Procure via Reef Securities. Duffen was also employed by Procure.
Duffen also had money paid by agents into Reef Securites. These "investments" may have found their way into Procure as well.
It is likely that Duffen received payment by way of a commission on any money invested, as his job was to bring investment into the Cancer Research company. So by using the clubs money and by giving contracts to players via their agents, he could have been earning a fair return.
His business Centipede Ventures (an investment tool attempting to profit from the tax breaks given to film industry investors) was wound up in 2008. So could it be that he and his mate Smith, needed something else to generate more income. Reef Securities is not in his control and he is using the services of an agency to get some media work.”
by Chris, Hull
Saturday, July 31 2010, 5:17PM
“Mel U. Unsubstantiated allegations mean nothing. They were in response to Duffens legal action to try and muddy the waters. Dont understand your reference to the FA. they have taken no interest. This was an employment dispute to avoid paying Duffen his severance the same way RB and AP tried to get out of paying Brownie. they would say it was just business. The lack of investment is the only problem we have although that not as exciting as far fetched conspiracy theories. It remains incredible that we experienced two years of Premier League football with no money and not surprising that we have to sell some players to pay the bills. where is the drama you crave? apart from AP and his perpetual grim reaper predictions are there any real signs of financial problems? Look at the constantly growing backroom staff. on the official website. Dont be fooled by the child AP crying wolf. The club is in good shape and his only objective is to look good having sorted out a mess that never existed. UTT.”
by Mel U, Southampton
Saturday, July 31 2010, 3:14PM
“Duffen gave an interview in the Prehaps you missed this, the FA certainly didn't!
In an interview with the Yorkshire Post PD was happy to be associated with Reef. The article said: 'Businessman Paul Duffen is investing [pounds sterling]250,000 in Pro-Cure Therapeutics with colleague Steven Smith through their investment company Reef Securities.' Duffen is then quoted, saying: 'I look at a lot of businesses as potential investment opportunities.' Hull issued legal proceedings against Duffen and Reef in the High Court on January 15 and Sportsmail obtained a copy of Claim form HC1OCOO129 after yesterday's preliminary hearing. At the hearing, orders for disclosure and charges over a property were agreed. The claim form reads: 'The claimants allege that in breach of his (Duffen's) employment contracts and fiduciary duties to them as agent and director, certain monies were paid by third party football agents to the second defendant (Reef), on the first defendant's behalf (Duffen), in return for which the first defendant (Duffen) procured that the contract with the agents for business.'”
by Chris, Hull
Saturday, July 31 2010, 10:20AM
“Lambrettaman that is just fantasist nonsense. if Duffen paid loads of money how come the club dont have any? The Daily Epress reported the legal action commenced by him so if you want to ignore the facts just keep your head in the sand. Maybe you should read the Guardian articles and RB only interview. Nothing supports AP's random conflicting claims.”
by Lambrettaman, Hull
Saturday, July 31 2010, 9:30AM
“Chris, Hull
There was no winding up petition against the club, there was no legal action at all taken by Duffen and there was a major cash settlement paid by him to avoid him having to appear in court to explain his actions(He's not in the clear yet though, he's still being investigated by other parties).
I realise these are facts that you won't accept, but they facts all the same, though you are more than welcome to continue ignoring them.”