In the fullness of time, all will be revealed. The family have two interests, the manufacturing of generators and property development. Supplying one standby generator to the KC, or develop the area?
I'm sure there will be interested parties from time to time, but until there is pen to paper with this lot you never know it will happen or not. It seems to be largely felt £50M or thereabouts is what the Allam's are looking to sell at now? This being based on what the current amount is owed to Allamhouse I believe. Would it be fair to say if he Allam's did sell before Xmas that that would be based on the parachute payment going to the new owner? If that was the case and the sale didn't happen until after the Allam's had got their hands on the parachute payment then the asking price would reduce i.e. £50M minus whatever the parachute payment will be? I know this is very general, but in principle is this is what the Allam's have in mind?
I'd hazard a guess that they are owed the final parachute payment and then they will sell at a more suitable price tag.
The Allams have already borrowed against the payments, when we actually receive them, it'll go to the bank to repay the loan I thought?
I don't think you fully understand how this forum works..... if he said it happened, it happened - FACT Regardless on whether it did or not
‘A charge was made (by Macquarie Bank) when they had no right to and it was removed‘ Ehab Allam 17/10/2017
Unless their well run, successful business, is now self sufficient? They may include in the asking price the sell on clauses, though they may be negated by what City owe to other clubs?
