But on 11 June 2007 at 12:00 midday, it was announced at a press conference broadcast live on BBC Radio Humberside that Pearson had sold the club and the SMC to a consortium consisting of Paul Duffen, Russell Bartlett and Martin Walker.
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Following Hull City's relegation from the Premier League in May 2010, amid widespread speculation regarding the financial viability of the club, there was once again restructing in the boardroom, with Adam Pearson stepping down from the role of Chairman to become Head of Football Operations, being succeeded as chairman by vice-chairman and club owner Russell Bartlett.
He joined Hull City in June 2007 as part of a consortium with Paul Duffen and Russell Bartlett.
On 17 December 2010, following a protracted period of due diligence, it was confirmed that Bartlett had sold his entire shareholding in Hull City to the Allam family for the nominal fee of £1, severing all links with the club and its liabilities.
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