So Coates has lent Stoke City £100 million of which £40 million was been converted to shares. To me that's not much different to the Allam's lending Hull City £80 million.
I just rang and asked when can I look at moving seats , was told hmmm, errmm, probably around 2 weeks , at least there is months to the season and no rush
West brom were a yo yo team for years. Soton were a pl team for years, with only a few years in the lower leagues. Then had massive investment.
The people who own stoke city have five billion behind them. The Allams are Minnows. What arent you getting
Coates wrote off £50m, then subsequently loaned another £59m interest free. Allam wrote of f nothing and is charging 4% on his £70m loan. One's a fan, one's a ****, they're not comparable.
Massive investment? Maybe but Southampton have regularly sold their best players. West Brom did yo yo but used the money sensibly and have now established themselves.
So were they incompetent when they yo yo'd?? Its difficult to establish a team in the PL. Soton had massive investment. You also have to remember how the club is financially, when the Allams came in we were ****ed. Soton were in trouble massively wealthy owners bailed them out. As someone who doesnt want to pay tax at all. i can hardly see you writing off 50 million. Be very nice if someone did do it for us like. But i cant expect the Allams to do it.
If I was worth £1b, I'd happily write off £50m to benefit my football team. I don't actually have any issue with Allam charging interest on his loan, but he's still a ****.
Memberships are available now! Prices start at just £21 per month - that's only £10.96 per game! We have 3 Membership options available: please log in to view this image Zone 1 at £21 per month, £10.96 per game Zone 2 at £27 per month, £14.09 per game Zone 3 at £39 per month, £20.35 per game Our Membership is a monthly rolling contract, payments are made by direct debit which makes it more affordable and easier to manage - so you can get a lifetime of Membership until you cancel! There are a number of Membership benefits including; a guaranteed seat for all Championship home games, as well as priority on away tickets, Cup games and Tiger Travel. In addition, your Membership includes our new rewards scheme Tigers Rewards - a scheme specifically designed to reward fans for their support and interaction with the Club. You can find out more about Tigers Rewards here. Our Membership is flexible, you can cancel at any time, however we require 2 full calendar months' written notice. Please be aware that a joining fee will be applicable if re-joining within a 12-month period. For terms and conditions of Membership please go to link to Membership terms and conditions. If you are interested in becoming a Member you can contact us by: Calling our Sales Centre on 01482 358418 E-mailing us at: [email protected] https://www.hullcitytigers.com/news/articles/2017/201718-membership-available-now/
Finally. AA isnt worth 1 billion. So lets not infer its summat he should do. He may be a **** but on that issue he isnt.
Coates isn't worth £5 billion, neither is his daughter. So they don't have £5billion behind them. Whatbtgeir firm is worth and what they can lay their hands on are different things altogether.
And now we are massively more in debt compared to when the Allah's came in despite having the most successful spell in our history. Southampton have paid off £15 million in debt a year or so ago and still owe £31 million in loans to their owner, which they pay interest of 5% on. With a stadium which they own and which holds 30% more than our rented one with a training ground and academybset up which is amongst the best in the country they have made the most of their time in the PL and are in a better state than we are.
Coates may be worth £5 billion but he "only" put into Stoke City £100 million of his fortune. The Allams are worth considerably less but have put £80 million into Hull City. Coates with his £100 million bought the stadium freehold, developed the training facilities and saw Stoke City become an established Premier League team. I would say Coates has done a better job of spending his money than the Allams.
Yes, but you were comparing the value of Coates company to the personal wealth of Allah. Two different things. Coates may not be able to lay his hands on a lot more as his money is tied up in his firm.