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Page last updated at 08:11 GMT, Tuesday, 11 January 2011

Allams plan to buy KC Stadium from Hull City Council

KC Stadium, Hull
The KC Stadium opened in 2002

Hull City owners Assem and Ehab Allam have confirmed their desire to buy the KC Stadium from Hull City Council.

The stadium was opened in 2002 at a cost of £46m and was funded by the sale of Kingston Communications.

Assem and son, Ehab, recently completed their £40m takeover of the Championship club and are now keen to purchase the 25,000-seater stadium.

"It is true to say that this is part of our long-term vision for sport in this city," said Ehab.

"We do not know if the council are prepared to sell," he added.

Should the duo manage to buy the ground it is believed the would hope to increase the capacity to 38,000.

Hull City Council leader Carl Minns says they would agree to discuss the matter further with the Eqyptian businessmen.

"The Allams are very serious players in the area. Of course we will listen to what they have to say."

The Allams issued a statement in which they confirmed their plans for a 'state-of-the-art sports and leisure village for Hull'.

"The news that we are interested in acquiring the stadium has come out earlier than we had originally planned," said Ehab.

"Clearly, the acquisition of the football club was our first and main objective. Now that deal has been successfully completed we need to look to the future, the future for sport in this city and the region generally.

"To enable our plans for the club to succeed, we need to make significant investment in the ground and the facilities and to do this we will require ownership of the stadium.

"It is common knowledge that it was designed with a view to be extended to accommodate a capacity crowd of approaching 40,000 and we would like to see this happen sooner rather than later.

"We already have plans to stage some major sporting and entertainment events at the KC and we will be announcing details of the first of these events later this week.

"In addition we are pleased to reassure everybody connected with Hull FC that the continuing, productive relationship with the Rugby League Club as tenants of the stadium is very much part of the long term future plan.

"We cannot yet put a time-scale on our long-term plans but it is our intention to develop on this site a sports and leisure village that will provide facilities not just for football and rugby but for a wide range of sporting activities and for people of all ages, a complex that will put Hull at the forefront of sports provision in the UK."

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