“Lately there have been a lot of rumours and that is not a good thing, so I decided it was better to have a face-to-face conference and clear the air,” Allam was quoted by the BBC.
“We stated earlier this year that the club would be for sale should our attempt to globally promote Hull Tigers as a brand name and as a playing name be blocked.
“As a consequence of the FA decision on 9 April, I announced on 10 April, within 22 hours, that Hull City is for sale,” the businessman said.
Allam also informed that he had launched an appeal against the FA’s refusal to sanction his preferred name-change.
“We have begun the appeal against the FA’s decision via the Court of Arbitration for Sport,” he said.
Hull City is presently placed 9th on the EPL table after three rounds of matches.
Nigeria’s player, Sone Aluko currently plays for Hull City in the EPL.
Aluko was a used substitute during Super Eagles 2015 Nations Cup qualifier against South Africa played on Wednesday in Cape Town.
The match ended in a barren draw.
