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Page last updated at 14:38 GMT, Wednesday, 1 December 2010

Assem and Ehab Allam agree to pay Hull City tax bill

Hull City

Hull City's prospective new owners Assem and Ehab Allam have paid £1m to keep HM Revenue & Customs at bay, BBC Radio Humberside understands.

It is understood that HMRC had written to the club giving them seven days notice of a winding-up order.

The Allams will not confirm that they have been dealing with HMRC.

Ehab Allam said: "To try and alleviate financial pressures we have remitted funds to an escrow account to be released on completion."

He added: "We have also offered financial guarantees to enable completion to take place as soon as possible."

Due diligence has been extensive but is nearing completion and may run into next week

Ehab Allam

But, in a press office statement HMRC would not confirm specific details: "We are unable to discuss individual cases due to taxpayer confidentiality.

"Any business that regards paying tax as an optional extra after other expenses are met, or that uses tax collected from employees or customers as working capital, is potentially heading for trouble."

None of the other parties involved will make any other comment as the potential takeover of the club, which is expected to run into next week, is still covered by confidentiality clauses.

The opening line from the Allam's statement read: "The due diligence process has been extensive but is nearing completion, although it may run into the early part of next week."

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