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Cash relief for Tigers
Hull City, 12:56, November 14, 2009 ,
Former Hull chairman Paul Duffen has declared that the Tigers' £9m debt is 'acceptable' and that the club is not financially unstable.
Adam Pearson, his successor, has recently quashed rumours that the debt had reached almost £30million, and ex-KC man Duffen has moved to reassure fans over the club's long-term future.
Duffen resigned from his position last month, naming 'footballing reasons' as the grounds for his departure.
However, his exit was linked to a publication of the club's accounts - explaining that they may be forced into bankruptcy should they get relegated from the Premier League this season.
The Tigers were said to have a wage bill among the top ten in the Premier League, but Duffen has now stated that the figure is similar to clubs in the bottom-quarter of the 'wage table' - at £30million.
There may, however, be further changes at boardroom level after reports this weekend suggested that owner Russell Bartlett is considering selling the club.