Why Hull's £55m loan is a 'little strange'

[Getty Images]Football finance expert Kieran Maguire says Hull taking out a £55m loan from a third party investment group "leaves you scratching your head a little bit".A notice on Companies House says the club have taken out a loan from global investment group Point72. It's been borrowed against their training ground and the lease for their stadium.

It is unclear why exactly they have done this as the club are days away from receiving first wave of Premier League money, believed to be around £30m."It does seem very strange," Magurie told BBC Radio Humberside. "If you look at Point 72 - this is a company that was only set up in January so is not a bank in its traditional form and you wonder where it came from.

The 72 seems in reference to the number of EFL clubs so maybe a specialist lender. "Ideally it is just a bridging loan. Hull are due to receive their first Premier League money in the next week or so, so that will bring some cash back in."

It has been quite expensive since that glorious day at Wembley because they have had to pay bonuses and upgrade the stadium to make sure it fits with the latest Premier League expectations."VAR cameras have to be installed too - it is quite an expensive exercise being promoted. "The thing that surprises me most overall is if it is just a bridging loan for a few months because of the cashflow demands of promotion, until the money starts to flow from the Premier League itself, the the owner himself is independently wealthy."

Why couldn't he have put that money in for a couple of months and then take it back out?"The fact they are borrowing from a third party leaves you scratching your head a little bit."Listen to the full chat below or on BBC Sounds