Hull City owner Assem Allam will address growing speculation over his future

Hull City owner Assem Allam will address growing speculation over his future at a press conference on Thursday.

Reports of a significant change at the head of the club have surfaced this week, ranging from rumours of an outright sale to suggestions that the 75-year-old is preparing to hand over his role as chairman to son Ehab, who has been acting chief executive since December.

Allam will now address the media at 2pm on Thursday, making a statement "referencing the future of Hull City Tigers".

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The Egyptian businessman saved the Tigers from financial disaster when he bought the club in 2010 but incurred the wrath of many supporters on last season's return to the Premier League with his ill-fated plan to change the official name from Hull City AFC to Hull Tigers.

That proposal, intended to attract overseas investment but seen by opponents as a crass and unnecessary break with history, was thrown out by the Football Association Council in April, casting Allam's position into doubt.

Allam had previously made the issue key to his ongoing involvement with Hull, and once said he would "walk away within 24 hours" if his rebrand was rejected.

But his commitment to the club appeared to be stronger than ever over the summer when he backed manager Steve Bruce with a significant investment in the transfer market.

The arrivals of Jake Livermore, Robert Snodgrass and Abel Hernandez all broke the club's previous transfer record, with the latter becoming Hull's first £10million player on deadline day.

Allam has also planned a rare open session with reporters which will happen after Thursday's press conference.