Iain Dowie swaps the downhill for a black run at Hull

• Hull chairman says Dowie has point to prove
• Manager happy to replace skiing with management

Iain Dowie has exchanged the controlled thrills of an indoor ski slope for English football’s equivalent of a black run. Hull City’s newly appointed manager today mothballed his new hobby to expose himself to the adrenaline highs of a relegation struggle deemed unacceptably risky by some of his peers.

“I’ve had three lessons at the ski slope and it’s the most exciting pastime I’ve ever tried, but this job is better,” said Dowie, who has been appointed for nine games with a review in the summer, as he stood on the KC Stadium’s pitch. “Mind you, I set speed records for going down backwards on my backside.”

Now many Hull fans fear a man who has been out of football since his dismissal as Alan Shearer’s assistant at newly relegated Newcastle United last summer, will similarly accelerate Hull’s descent towards the Championship.

Adam Pearson, the club’s chairman, believes such doom-mongers are mistaking lack of glamour for shortage of ability. “We’re not really looking for a manager with a wow factor or an ego or with a reputation to look after,” he said, perhaps rather pointedly. “We want someone with a point to prove and who is desperate to be the manager of this club, which Iain is. I understand fans want big names and we’d

Hull City reject £5m Wolves bid for Stephen Hunt

• Improved bid from the Midlands club turned down
• ‘I am happy at Hull City,’ says Ireland winger

Hull City have rejected an improved £5m bid from Wolverhampton Wanderers for their winger Stephen Hunt and do not expect the Midlands club to make what would be a fifth approach for the player.

“In response to further released speculation, the club have received a verbal offer of £5m for Stephen Hunt,” confirmed a statement on Hull’s official website. “This has been completely rejected and we are not expecting any further bids.”

Reports have suggested that Hull would have to put their entire squad on the transfer list in the hope of clearing debts of £9m. Yet, although the club’s chairman, Adam Pearson, has spoken of the need to move out fringe players and cut the wage bill by £6m, there is a reluctance to part with the club’s most important players. Manager Phil Brown had conceded previously, however, that the club would have to listen to offers for all players given their financial state.

“I gather the clubs have been talking a bit but for what I know, I’m staying,” said the Republic of Ireland international, who has scored six goals for Hull this season. “In the past I’ve got involved in transfers and mucked my head up but I’ve pretty much said nothing this time, got my head down and let my football do the talking.

“I’m happy at Hull City. When 5pm comes this evening it will probably be a bit of a relief.”

The Hull assistant manager Brian Horton has, meanwhile, confirmed that midfielder Peter Halmosi has returned to former club Szombathelyi Halafas on loan until the end of the season and that striker Daniel Cousin has joined Greek side Larissa on loan.

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Hull City take legal action against their former chairman Paul Duffen

• Premier League club issue proceedings in the high court
• They seek ‘to protect the commercial best interests of the club’

Hull City are taking legal action against their former chairman Paul Duffen, with the case due in the high court today. Duffen left the KC Stadium in late October when he was replaced by Adam Pearson.

Hull yesterday issued the following statement: “Hull City Football Club has now issued legal proceedings against Paul Duffen in the high court. This action has been taken to protect the commercial best interests of the football club against the actions undertaken by Paul Duffen while in office at Hull City.”

Duffen left suddenly in the wake of stark warnings that the club was facing a potential financial crisis and Russell Bartlett, Hull’s owner, immediately hired Pearson as chairman.

Pearson was Hull’s previous owner before being bought out by a consortium featuring Bartlett and Duffen in 2007. Once the £12m takeover was completed Duffen became the chairman and public face of Hull. After presiding over promotion to the Premier League – the first time Hull had reached English football’s top tier – he promised substantial investment in Phil Brown’s squad and proved true to his word when the talented but injury prone midfielder Jimmy Bullard became the club’s record signing, joining for £5m from Fulham last January.

By October, though, Hull were being cautioned that their uncertain financial position threatened the club’s “ability to continue as a going concern”. The club’s accounts, filed five months late to Companies House, revealed that in the event of relegation they would need to generate a £23m surplus just to meet their existing liabilities.

The grim forecast from the club’s accountants, Deloitte, emphasised the need for an imminent financial overhaul to safeguard Hull’s future. In the accounts for the year ending 2008, which were due on 31 May but only filed in October, the club made a £9,764,850 loss during a period that culminated in winning promotion to the Premier League.

Most telling, though, was Deloitte’s prediction that Hull would need to raise an additional £16m should they retain their Premier League status this season and a further £7m again if the club slip back into the Championship.

Duffen, a father of five with a love of fast cars who is a former chief executive of Catalyst Media Group plc and earlier worked in sales and marketing for Procter and Gamble, swiftly stepped down, saying: “I must take responsibility for a disappointing 2009.”

No one at Hull City was prepared to comment last night, when the Guardian was unable to contact Duffen.

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