Assem Allam, Former Hull owner, dies at aged 83, Everything on his Wife and Family, Net worth

Assem Allam was an Egyptian-British businessman who had lived in the East Riding of Yorkshire since 1968. He was the owner of Allam Marine, an industrial generator manufacturer, as well as Hull City, an EFL Championship club.

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Assem Allam, the former owner of Hull City, has died at the age of 83.

According to his family, former Hull City owner Assem Allam has passed away. According to his son Ehab, the businessman who was born in Egypt passed away peacefully while sleeping. He was 83.

“a strong, loving and determined man”. “With huge aspirations from his early childhood, he’s fulfilled his goals and dreams, living life exactly how he wanted – with self respect and dignity – and ultimately passing away as he wanted to. ” His energy and passion is larger than life itself. Leaving behind a proud and loving family, he continues to live in our hearts and minds… and in those of the many hearts and minds he has touched.”

Son Ehab Allam, Tribute to his father on Instagram

Former players paid tribute, including defender Curtis Davies, who joined the club in 2013.

He posted on social media: “He was a great man, who gave me the opportunity to join a great club and live some of the best times of my life.”

David Davis, the MP for Haltemprice and Howden in East Yorkshire, said in a tweet: “He was a great businessman, a great supporter of the local community, and a very good man.”

Assem Allam Age, Date of Birth, Education

Assem Allam was born in the Kingdom of Egypt on August 1, 1939 (83 years old). He holds Egyptian and British Nationality and he belongs to the white ethnicity. His Zodiac sign is Leo.

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Assem Allam studied economics at the University of Hull.

Who is Assem Allam Wife? Children, Parents, Siblings, Net worth

Fatima Allam is Assem Allam’s wife. Fatima, his wife, is a private person. Ehab Allam, Eman Forster, and Enais Iredale are the couple’s three children.

Joe and Barbara Allbritton are Assem Allam’s parents. Joseph J. Allaire was one of his siblings.

Assem earned $3 million and $5 million respectively and derived the majority of his income from the sale of his Yeezy shoes.

Assem Allam Family

Even if he had overstated the size of his company throughout the years, the money he made from his job was substantial enough to place him among the highest-paid celebrities of all time. His primary source of income comes mostly from his success in business.

However, in October 2011, Assem Allam agreed to sponsor the British Open Squash Championships for three years. In 2013, the event was successfully relocated to Kingston upon Hull, and it was repeated in 2014 and 2015. The Allam sponsorship lasted until the 2019 event when his sponsorship was renewed.

Early Career

After earning his accounting degree, he began working at Tempest Diesel Limited. He started a buyout of the business in 1981 with the help of a loan.

The firm and Ruscador Shipyard Limited were placed into administrative receivership in 1992 at the request of Barclays Bank. causing the company’s whole more than 50-person staff to be laid off.

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He was recognized as the UK Entrepreneur of the Year in 2006 by Ernst & Young, the accounting company that served as the administrative receiver for Tempest and Ruscador.

He established a new company, Allam Marine Limited, in the same year to buy the firm’s assets, which helped the business achieve success on a global scale. The 2010 Sunday Times Rich List featured Allam and his son.

2010 – 2022

There were rumors in September 2010 that Allam was considering investing in Hull City, a local football club that had been demoted from the Premier League earlier in the year due to severe financial issues. Allam and his son Ehab Allam reportedly started discussions with Hull City owner and chairman Russell Bartlett on October 18, 2010.

At the time, Allam acknowledged that Hull City was significant to the region and that he felt compelled to “pay it forward.” The Allams announced a contract for a controlling stake in the club on November 10, 2010, and said that they will take over control if the necessary conditions were satisfied.

Assem Allam said that the club “is no closer to being sold” as of late 2017. The Allam family has continued to list the club for sale. The delay in a prospective sale has been attributed by Allam to problems with the club’s stadium ownership and “militant” fan resentment against the club’s management.

Hull City announced on January 19, 2022, that Acun Medya, with financial support from Acun Ilcal, had acquired the team from Allam.