“Hull City Council welcome today’s announcement, following a period of exclusive negotiations and due diligence, of the sale of Hull City AFC to Acun Ilicali.
“I would like to congratulate Mr. Ilicali on his acquisition and very much look forward to meeting and welcoming him and his team to our city, and to finding out more about his ambitious plans for the club.
“The council has long recognised the importance of professional sport to Hull, with all the benefits it brings in terms of community pride, raising Hull’s profile in the UK and around the world and being a catalyst for attracting visitors and inward investment to our city.
“The construction of the stadium by Hull City Council back in 2002, which I was personally involved with, in order to secure the futures of both Hull City and Hull FC, was a substantial demonstration of that commitment and we very much look forward to working with Mr. Ilicali and his team to ensure both clubs and the stadium have bright futures ahead of them at the centre of our community.
“I would also like to take the opportunity to thank Assem and Ehab Allam for their custodianship of the club since 2010.”