Documents filed at Companies House

I think the borrowing was a while back when they were in negotiations to sell the club. Some owners like to have as much money as possible in their own bank account. We don't know how much the Allam's borrow to finance City.

 

You're so lazy you've got a smoke alarm with a snooze button.

(Thanks Tim)

 

Can't this be identified? If it's company borrowing then shouldn't that company produce end of year accounts? Surely they can't be borrowing in their own names can they? Can they have that many personal assets that a bank would lend against

 

that's why I referred to the Allam's borrowing - I meant in their own name. I would have said Hull City borrowing - which they are doing - from the Allam's. The whole point when you have these wealth reports is that it always focuses on an individual's assets. Nobody knows what the individual borrows - see Robert Maxwell. I would have expected that when the Allam's bought Hull City and paid off the debts they will have borrowed the money. I doubt they had £100m sat in a bank account. Somebody like Allam will have the vast majority of his wealth in the form of the worth of his generator company.

 

I don't think the Allam's are as wealthy as people think.

All this Rich List bollocks is often based on inflated value of business assets.

 

Clever? Sneaky? Underhand? Right thing to do?

 

That was my thought. FFP averted. No longer an issue. Take money back out.

 

Nobody tells them how to run their business nor stops them getting all their money back. Makes you wonder what really happened on the last day of the transfer window to the missing paperwork.

 

I always felt this was done accidently on purpose.

 

Merge with Conspiracy thread pls

 

Conspiracies should never be ruled out with the Allams. They're always up to something, and they stoop to much lower levels than most think.

 

I was only joking.

Alas, I fear you are not.

 

0

 

Thats my point. What personal assets have they got that a bank would lend against? If they haven't got many apart from house (houses) how can they borrow against company assets (I know it's their company), but wouldn't there be some form of liability showing in their company accounts relating to lending to themselves and indirectly to City?

 

you haven't considered that they can offer their shares in their generator business as security for any borrowings?

 

Exactly.

 

The liability is owed to Allamhouse, not directly to the Allams. The lending is to City, not to themselves. The lending is against the training ground and future Premier league money

 

I couldnt be more ****ing bored!