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Page last updated at 17:30 GMT, Monday, 18 October 2010 18:30 UK

Hull City owner Russell Bartlett in takeover talks

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Allam 'wants best deal for Hull City'

Hull City owner Russell Bartlett is in talks with local businessmen over a possible takeover of the club.

Egyptian-born father and son Assem and Ehab Allam are thought to be worth over £150m and they have confirmed that talks with Bartlett have taken place.

"I have been in this area for 42 years and I have built my business [Allam Marine] in the area," Assem Allam told BBC Radio Humberside.

"I think it's time to pay back the area - Hull City are important to the area."

The Tigers were relegated from the Premier League last season and it is thought the club have debts of over £30m.

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Allam continued: "We started talks earlier in the year and now we are talking again. Both parties are interested in talking again and it's in the interests of everybody concerned that things don't take a long time."

Bartlett spent most of the summer rescheduling the club's debt in a bid to stave off administration.

But the Tigers have had a mediocre start to the season under Nigel Pearson's reign and they currently lie 16th in the Championship.



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