Allam's Statement - Pearson departure confirmed
A statement released by Assem and Ehab Allam this morning has confirmed the departure of Adam Pearson.
The much respected and loved former Chairman of Hull City, Pearson has seen his consultancy agreement with Hull City terminated without notice and without compensation.
However, the statement continued to make no reference to the situation surrounding suspended manager Nick Barmby, although the owners have stated that funds were available for new players in January, something which Barmby has alluded to as not being the case in recent press interviews.
The full statement, as provided to the Yorkshire Post can be read below;
When we acquired the football club we made it clear we would run it in accordance with sound and proper business principles and procedures.
"We have not and will not deviate from those principles.
"Therefore although we fully appreciate the supporters` and media`s desire for information we can not comment on the manager`s position at the present time. We will however provide further information when we are able to do so.
"Having listened to media speculation today over funds not being available in the January transfer window, we reiterate that funds were available as previously stated by us.
"We also confirm the club has terminated the consultancy agreement with Adam Pearson without notice and without compensation.
"We are also aware of speculation about the club being up for sale. We can categorically confirm there is no truth in that rumour and we are fully committed to Hull City and its future."
In national media reports, the suspension of Nick Barmby has led to several available managers being linked with the manager`s position at the KC, the fore-runner appearing to be former Nottingham Forest and Derby County manager Billy Davies.