Hull City owner Acun Ilicali seeking to 'solve the problem' as Tigers aim to avoid potential Premier League points deduction
HULL CITY chairman/owner Acun Ilicali says that the Premier League newcomers are working hard to 'solve the problem' as they strive to avoid falling foul of financial fair play rules before the end of June by sanctioning around £6million worth of player sales.
The Tigers, who beat Middlesbrough in the Championship play-off final on May 23 - to secure top-flight football for the first time since 2016-17 - are in danger of breaching profit and sustainability rules over a three-year registered period unless action is taken quickly.
Profit and sustainability rules (PSR) allow clubs to lose £39million over three years.
They are being replaced in the Championship this summer by a system called squad cost ratio, which allows club to basically spend 85 per cent of their revenue on football-related costs such as player wages and transfer fees.
But the PSR rules still apply to Hull before the end of this month and if they don't comply and are placed in the dock, they could be punished by way of a possible points deduction ahead of the Premier League campaign in August.
Hull were placed under a two-window transfer fee embargo last summer due to late payments made to clubs for loan signings.
Ilicali is confident that the issue will not mean that City have to cash in on any of their star assets, with sales likely to arrive from the club's squad. The club are likely to try and move on the likes of Mason Burstow, promoted from League One last term with Bolton Wanderers, Kasey Palmer, Abu Kamara, Enis Destan, Abdus Omur, Thimothee Lo-Tutala and David Akintola.
Ilicali said: "We have overspent, and we have to sell some players before July 1.
"I don't say that it will be very easy or very hard. Now we are a Premier League team, the values (of players) has raised up which is a good advantage. We have some players that know they will not be able to play with us.
"Now we will work on that and solve this problem. It's a new task, and we will manage it. I'm not afraid. We have managed harder things. For us, this is more manageable."