Hull City’s ‘strange’ £55m loan was approved by Independent Football Regulator

cityam09-30 12:00

Hull City took the £55m loan in July after winning promotion The Independent Football Regulator approved a Hull City loan from an American billionaire whose previous hedge fund was fined $1.8bn for ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2671276552?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2026/09/GettyImages-2293722478-1.jpg?w=824&h=463&crop=1","is_english":true,"pubTime":"2026-09-30 12:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2671276552","market":"nz","top_or_hot":-1,"title":"Hull City’s ‘strange’ £55m loan was approved by Independent Football Regulator","media":"cityam","content":"<div>\n<p>Hull City took the £55m loan in July after winning promotion The Independent Football Regulator approved a Hull City loan from an American billionaire whose previous hedge fund was fined $1.8bn for ...</p>\n\n<a href=\"https://www.cityam.com/hull-citys-strange-55m-loan-was-approved-by-independent-football-regulator/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hull City’s ‘strange’ £55m loan was approved by Independent Football Regulator</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHull City’s ‘strange’ £55m loan was approved by Independent Football Regulator\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-30 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/hull-citys-strange-55m-loan-was-approved-by-independent-football-regulator/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hull City took the £55m loan in July after winning promotion The Independent Football Regulator approved a Hull City loan from an American billionaire whose previous hedge fund was fined $1.8bn for ...</p>\n\n<a href=\"https://www.cityam.com/hull-citys-strange-55m-loan-was-approved-by-independent-football-regulator/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2087625088.SGD","symbol_name":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","start_time":0,"source_url":"https://www.cityam.com/hull-citys-strange-55m-loan-was-approved-by-independent-football-regulator/","article_id":"2671276552","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/09/GettyImages-2293722478-1.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/hull-citys-strange-55m-loan-was-approved-by-independent-football-regulator/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2671276552","pubTimestamp":1790740800,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Hull City took the 55m loan in July after winning promotion The Independent Football Regulator approved a Hull City loan from an American billionaire whose previous hedge fund was fined $1.8bn for wire and securities fraud and insider trading, City AM can reveal.In July following their promotion to the Premier League, Hull City secured a 55m loan against the club’s stadium from Point72 Lending Ltd, a company incorporated in January 2026 with just 1 in its accounts. It is a subsidiary of Point72 Asset Management, owned by Steve Cohen.Cohen was never charged when his former hedge fund, SAC Capital, was accused of insider trading, though in 2016 he was banned from managing outside money for two years. He launched Point72 to manage his family fortune, later expanding the fund when his ban expired.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.Gary Lineker – fresh from signing a ","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","BK4527":"明星科技股","NFLU":"2倍做多NFLX ETF-T-REX","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","NFLW":"Roundhill NFLX WeeklyPay™ ETF","LU1979441026.SGD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"A\" (SGDHDG) ACC","NFLY":"NFLX期权收益策略ETF-YieldMax","BK4566":"资本集团","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","FCOM":"Fidelity MSCI Communication Services Index ETF","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","GXPC":"Global X PureCap MSCI Communication Services ETF","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","NFX":"Corgi NFLX 2x Daily ETF","NFLX":"奈飞","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","BK4507":"流媒体概念","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","NFXL":"2倍做多NFLX ETF-Direxion","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","BK4551":"寇图资本持仓","NFXS":"1倍做空NFLX ETF-Direxion","CHCO":"City Holding Company","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","NFLP":"KURV YIELD PREMIUM STRATEGY NETFLIX (NFLX) ETF","SGXZ81514606.USD":"大华环球创新基金A Acc USD","XLC":"Communication Services Select Sector SPDR Fund","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4532":"文艺复兴科技持仓"},"translate_title":"赫尔城“奇怪”的 5500 万英镑贷款获得独立足球监管机构批准","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNFLXmain":0.6,"NFLW":0.6,"NFX":0.6,"NFLU":0.6,"XLC":0.6,"GXPC":0.6,"NFLP":0.6,"NFLY":0.6,"NFLX":0.66,"FCOM":0.6,"NFXL":0.6,"NFXS":0.6,"CHCO":1.5},"content_text":"Hull City took the £55m loan in July after winning promotion The Independent Football Regulator approved a Hull City loan from an American billionaire whose previous hedge fund was fined $1.8bn for wire and securities fraud and insider trading, City AM can reveal.In July following their promotion to the Premier League, Hull City secured a £55m loan against the club’s stadium from Point72 Lending Ltd, a company incorporated in January 2026 with just £1 in its accounts. It is a subsidiary of Point72 Asset Management, owned by Steve Cohen.Cohen was never charged when his former hedge fund, SAC Capital, was accused of insider trading, though in 2016 he was banned from managing outside money for two years. He launched Point72 to manage his family fortune, later expanding the fund when his ban expired.\n\nHull City owner Acun Ilicali secured the loan from Point72 Lending in July – the same month the IFR gained new powers to mandate approval of loans secured against a club’s stadium. The regulator signed off the transaction after determining it did not undermine the club’s financial sustainability.According to reports, the Financial Conduct Authority turned down multiple Point72 applications to offer Cohen’s fund to UK investors, deeming him not “fit and proper” in 2018, before granting a licence in 2023.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n“There are a restricted number of institutions willing to lend to football clubs, as traditional banks fear business and reputational risks if things go wrong,” football finance expert Kieran Maguire told City AM. \n\n“[Hull City] borrowing from Point72UK Lending, a company set up in January with £1 of capital, does seem strange. Why a financier such as Steve Cohen would choose to invest in football is equally intriguing.”The IFR declined to comment on a commercially sensitive financial matter.Littler has the X-FactorMore than 55,000 people turned up for heats in London and Manchester for the chance to win £501,000 by taking on darts sensation Luke Littler in a live Netflix show.\n\nAfter dipping their toe in sports content through documentaries, Netflix is turning its focus to live sport. A source close to the new programme said the Littler show demonstrated the streaming giant’s ambition to broadcast live sport in more innovative ways. Rather than buying rights to existing darts competitions, Beat Luke Littler will initially be a one-off show in which 20 amateurs attempt to defeat the prodigy in a single leg of 501.Hopefuls queued for over three hours in scenes reminiscent of X-Factor auditions, with Professional Darts Corporation chairman Barry Hearn posing for photos at the London heats. \n\nGary Lineker – fresh from signing a two-year deal for his The Rest is Football podcast to run on Netflix – will host, while author and game show presenter Richard Osman will serve as a data analyst.Netflix set up a registration website and is said to have been blown away by how many showed up. The turnout gave the amateur players odds of around 2,750/1 of making the final show, airing on October 30. Still, those odds are an awful lot shorter than anyone beating Littler.Saliva tests coming to Premier LeagueThe scientists behind saliva-based testing at Borussia Dortmund and Bayer Leverkusen have opened a laboratory in west London.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2671276552","isCrawlerRequest":true}