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Cape Town - Hull City owner Assem Allam says that he will not invest any
more money in the club until his bid to change its name is complete.
The matter is currently in arbitration after the Football Association in April rejected Alam's proposal to change the club's name to the Hull Tigers. Allam believes that a change of name is necessary to improve the club's global commercial appeal.
"That [the spending] stops now. It has to stop," Allam told BBC Sport.
"I won't pay out if I cannot create income. That is called 'throwing money at it'.
"I won't throw money at a problem. I want to deal with the problem."
Allam revealed earlier in the month that he put the club up for sale almost immediately after the FA turned down his proposal. However, while there has been interest in the club, the Egyptian-born businessman says it has not been from the right kind of people.
"We have had interest but it was not from what I would like to call good homes," he said.
"This club means a lot to me. I will do my best to sell it to a good home."
Part of Allam's frustration over the lack of support for the name change appears to come from a genuine belief that he is doing what is best for the club and not out of self-interest, as he only became involved with the Tigers in order to benefit the community.
"I have never been a football fan," he added. "I am still not a football fan. I am a community fan.
"I got involved only because the media started to talk about administration for the club, going under, whether it would survive or not. I thought 'football is a big, big thing for the community here'."
The matter is currently in arbitration after the Football Association in April rejected Alam's proposal to change the club's name to the Hull Tigers. Allam believes that a change of name is necessary to improve the club's global commercial appeal.
"That [the spending] stops now. It has to stop," Allam told BBC Sport.
"I won't pay out if I cannot create income. That is called 'throwing money at it'.
"I won't throw money at a problem. I want to deal with the problem."
Allam revealed earlier in the month that he put the club up for sale almost immediately after the FA turned down his proposal. However, while there has been interest in the club, the Egyptian-born businessman says it has not been from the right kind of people.
"We have had interest but it was not from what I would like to call good homes," he said.
"This club means a lot to me. I will do my best to sell it to a good home."
Part of Allam's frustration over the lack of support for the name change appears to come from a genuine belief that he is doing what is best for the club and not out of self-interest, as he only became involved with the Tigers in order to benefit the community.
"I have never been a football fan," he added. "I am still not a football fan. I am a community fan.
"I got involved only because the media started to talk about administration for the club, going under, whether it would survive or not. I thought 'football is a big, big thing for the community here'."
