Hull City FC has confirmed that the club is officially under the new ownership of Turkish broadcasting group, Acun Medya, following completion of the group’s £30 million takeover.
The acquisition was approved by the English Football League (EFL) and saw Acun Medya take full control of the club, with immediate effect.
Ehab Allam, Departing Vice-Chairman of Hull City, commented: “We are happy and proud to be leaving Hull City on a strong and stable financial footing. During our tenure, we have worked hard to create a sustainable model and successful academy set-up, giving the club the foundations it needs for the future.
“The ability to develop and trade homegrown talent is an integral part to a sustainable football club, and we look forward to seeing more and more players follow that pathway at Hull City.”
Acun Medya was established in 2004 by businessman Acun Ilıcalı, who was in attendance for last night’s Sky Bet Championship match against Blackburn Rovers at the MKM Stadium.
“There have been lots of ups and downs over the last 11 years or so, but we will take some very fond memories with us. Memories of some of the greatest achievements in the club’s history and ones we have been privileged to be a part of,” Allam added.
“We have worked with some excellent and hard-working managers, players and staff and I’d like to pass on my thanks for all of their efforts over the years. The time has now come for a new owner to take up the mantle and I’d like to wish Acun and his team the very best for the future.”
The company produces content in Europe, South and North America and also operates two national TV channels in Turkey, TV8 and TV8,5 and Exxen.
Furthermore, Hull City has claimed that it has taken a ‘business-led approach’ to running the club and is looking for Acun to rebuild a relationship with the fanbase as well as bringing back success during match days.
The new Owner, who joins in less than a fortnight before the transfer window, concluded: “I am happy that I have fulfilled one of my biggest dreams today. We are starting a beautiful journey with Hull City. We have many big dreams and goals to achieve together with our fans.
“I would like to thank the Allam family for the friendship and sincerity they have shown during this process. I genuinely believe that we will achieve success with the amazing fans of this beautiful city.”