It is no secret that the effects of the Covid-19 pandemic have wreaked havoc across football, and unfortunately the impact upon Hull City as a business has been significant.
To mitigate the financial pressures the Club is facing, we have taken out a short-term interest free loan from the EFL/PL to enable us to keep the core of our squad together and avoid being forced into player sales at a time when the transfer market is unlikely to deliver strong results for selling clubs.
Upon taking the loan, a number of conditions were imposed upon us and we were fully aware that we would be subject to certain limitations and restrictions in the transfer market until such time that the loan is repaid.