Allam proud of Hull achievement
Hull chairman Assem Allam has described the club's promotion to the Premier League as one of the proudest days of his life.
Allam saved the club from the brink of bankruptcy when he took over in 2010 and has overseen a successful turnaround in the club's fortunes, culminating in a 2-2 draw against Cardiff which saw the Tigers earn automatic promotion to the top-flight.
"It was fantastic, one of the proudest days of my life," he told BBC Radio Five Live. "It was very stressful but at the same time, when we had four or five minutes left, Watford needed to score two goals to be promoted so that gave us a bit of comfort."
Hull were relegated from the Premier League in 2010 with massive debts, and Allam has revealed the costs involved in restoring local pride.
"Not only has the club been promoted but we've come through administration," he added. "I bought the club in December 2010 four days before the winding up, so it was a case of saving the club. And in two and a half years of my ownership, we've gone from what would have been bankruptcy to the Premier League.
"To save the club from bankruptcy is what I call dead money, money I would have saved by waiting four days to buy the club from the receivers. I would have saved £27 million in money owed to the taxman, who enforced the winding-up order, and two banks.
"But then the club would have lost 10 points, they would have been relegated and this would have cost more and I didn't want this, for the community to be deprived of good quality football. So I signed a contract knowing that I'm throwing away £27 million for the sake of staying in the Championship."
Due to the dramatic nature of Hull's promotion in the last moments of the season, Allam has not yet sat down to discuss a plan for life in the Premier League yet.
"It's very difficult to give you an amount (to invest) because we – the manager Steve Bruce, myself and the chief executive - have been very busy concentrating on achieving what we wanted to achieve this season.
"So we will start discussing that next week with the manager, and the team and Hull City and we'll start looking at what to do next year."