Assem Allam (1 August 1939 – 2 December 2022) was an Egyptian-British businessman, based in the East Riding of Yorkshire from 1968. He was the owner of Allam Marine, an industrial generator manufacturer, and of EFL Championship club Hull City. Early life Born in Egypt in 1939, Allam moved to the UK from Gamal Abdel Nasser's regime in Egypt in 1968. He studied economics at the University of Hull. Career After qualifying as an accountant, he started work at Tempest Diesel Limited. In 1981, he used a loan to begin a buy-out of the company. In 1992 the company was put into administrative receivership at the behest of Barclays Bank, along with Ruscador Shipyard Limited. Resulting in the redundancy of the company's entire workforce of more than 50. In the same year, he incorporated a purchase of the companies assets through a new company, Allam Marine Limited, subsequently leading the company to international success. Allam and his son were included in the Sunday Times Rich List 2010. In 2006, he was named the UK Entrepreneur of the Year by Ernst & Young, the same firm of accountants who acted as Administrative Receivers of Tempest and Ruscador. Hull City A.F.C. In September 2010, there was speculation that Allam was interested in investing in Hull City, the local football team, which had been relegated from the Premier League earlier in 2010 with extensive financial problems. On 18 October 2010 it was said that Allam, along with his son Ehab Allam, had entered negotiations with Hull City owner and chairman, Russell Bartlett. Allam confirmed at the time that he felt the need to "pay back to the area," and that Hull City were important to the area. On 10 November 2010, the Allams said that a deal had been agreed for a controlling interest in the club, and that they would assume control once the relevant requirements had been met. While it was originally reported that Allam intended to only purchase a majority shareholding in the club, and would continue to work with Bartlett, a protracted period of due diligence indicated that the investment required would be substantially higher than originally planned; this resulted in a move to obtain complete shareholding control of the club. The deal was formally completed at 10:45 pm on 16 December 2010, with the club changing hands for the nominal fee of £1, and with Allam and his