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New owner confirmed…

Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

  1. Steven Toast

    Steven Toast Well-Known Member

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    It's about respect. I know people who've dealt with them before and it comes down to respect, it's in Assem's culture. They think we've disrespected them, hence they are refusing to do anything with us. We're now persona non grata. Nothing to them. If they want to sell, it's not because we want them to, it's because they want to. If it means they lose money then so be it. I hope they aren't going to willingly lose money, that would make no sense, but apparently it's not beyond them.

    I'm not saying this is what's happening, just what I've been told by people who have dealt with them before. The word 'respect' apparently comes up a lot with them in dealings. As in, they physically say it.
     
    #7881
  2. The B&S Fanclub

    The B&S Fanclub Well-Known Member

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    SGJ....Good post..........I'd lay even money that that's the business plan...
     
    #7882
    SimonGraysJacket likes this.
  3. City Man

    City Man Well-Known Member

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  4. City Man

    City Man Well-Known Member

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    As in

    "There's your football club back just as we found it...broken, skint and in an utter mess."
     
    #7884
  5. 1MoreAgain

    1MoreAgain Well-Known Member

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    I said this a couple of months ago on here.
     
    #7885
    SimonGraysJacket likes this.
  6. HHH

    HHH Well-Known Member

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    I was told he had a speedboat delivered to Melton recently.

    Now the person telling me this couldn't be described as an expert in the field, so I can't say if it's the type you coulda won on bullseye or something a bit more luxurious.

    Either way, it's still capable of doing the job you're alluding to.
     
    #7886
    look_back_in_amber likes this.

  7. The B&S Fanclub

    The B&S Fanclub Well-Known Member

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    You're not the only one...Quite a few have been saying exactly this for some time...Get back into the premier league then do a Oysten family or in other words do a Blackpool to rub it in the faces of those who dared to question the direction they were seeking to take the club.
     
    #7887
  8. askewshair

    askewshair Well-Known Member

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    I haven't studied business finance for years, and am totally confused.

    Presently assume Hull Tiggers still owe Allam Generrators say £50 mill. However Allams own them both.
    If they are put into admin, Allam Generators would only receive a percentage, say £5 mill (is it 10p in the £?). So Allams gets £5 mill back.
    Hull Tiggers (eg Allams)would only have to pay out £5m to Allam Generators... as well as 10p in the £ to all other creditors.
    Its robbing Peter to pay Paul. Isn't it?
    And maybe I left it too late to lay off the wine?
     
    #7888
  9. DMD

    DMD Eh? Forum Moderator

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    They've sponsored a power boat for a few years.
     
    #7889
  10. Obadiah

    Obadiah Well-Known Member

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    Didn't the Premier League change its rules on parachute payments to stop another club doing an Oyston?

    Sell your players and pay yourself results in no parachute monies according to someone on CI.
     
    #7890
  11. look_back_in_amber

    look_back_in_amber Well-Known Member

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    It's not the sponsoring bit that I'm interested in...
     
    #7891
  12. AlRawdah

    AlRawdah Well-Known Member

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    Sounds like another job for those jolly people at Rollitts.
     
    #7892
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  13. Hutch-tiger69

    Hutch-tiger69 Well-Known Member

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    Obviously would have to sell players to make cuts
    But whats determined as assett stripping?

    Last time we sold brady, chester etc for £25m

    Obviously if relegated we'd have to once again sell
    Is it if no squad strengthening happens only sales?
     
    #7893
  14. Dills double deckers

    Dills double deckers Well-Known Member

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    If he asset stripped ie trousered 25 million this window and saved on wages then they could ask for less for the club. They may not need the parachute cash
     
    #7894
  15. dazzar86

    dazzar86 Well-Known Member

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    We don't own the stadium, or the land surrounding it. Our training ground is a portacabin, our attendances are plummeting and will only get worse the more asset-stripping takes place - the players and our league position are the only valuable assets at this moment in time. He'd be f'in bonkers to asset-strip, as he'd then never even get a £30m offer for us.
     
    #7895
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  16. Dills double deckers

    Dills double deckers Well-Known Member

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    Ahh the words f,in bonkers make it a possibility then
     
    #7896
  17. Hutch-tiger69

    Hutch-tiger69 Well-Known Member

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    Some top earners will be sold regardless if relegated its a cost cutting measure all clubs take, its harsh to call it assett stripping unless extreme
    So if he sells snodgrass,maguire, mason etc and recoups £25m its not really assett stripping as we did it last time we were relegated
    Butttt if he does do this and recoups £25m in transfer fees and however much the parachute payments amount too could he then deduct this from the asking price say for example he wants £70m due to relegation he gets £25m player sales plus £25m parachute payment then agrees to sell for £10m -20m

    Could see this scenario happening
     
    #7897
    Last edited: Jan 3, 2017
  18. Dills double deckers

    Dills double deckers Well-Known Member

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    #7898
  19. originallambrettaman

    originallambrettaman Mod Moderator Staff Member

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    Hull City Tigers Ltd owe Allamhouse Ltd circa £80m.

    If Hull City Tigers Ltd goes into admin and pays it's creditors 10p in the pound, then Allamhouse Ltd (i.e. the Allams) lose £72m of their investment.

    Which is why it obviously won't happen.
     
    #7899
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  20. originallambrettaman

    originallambrettaman Mod Moderator Staff Member

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    As I'm sure many will have noticed, we're now 3rd Jan and there's been no 'sale discussions have been suspended during the transfer window' announcement.

    I believe that's because sale discussions haven't been suspended.
     
    #7900

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