New owner confirmed…

Yet Pearson couldn't make a profit from external events when it was brand new and now there's getting on for 20 years maintenance required....

Which Pearson wants the football club to pay for.

 

But didn’t one of the other prospective sales fall through after the Allams asked for extra dosh for the SMC at the last moment?

 

That never got to the point where heads of terms were agreed and Grieve never even showed proof of funds. Nor did he buy another club.

They Yongges deal is the only one that's got to this stage, and was rejected by the premier league after the Allams had cleared their desks.

 

When it was brand new, yeah.

So it broke even at best when new. Where does the revenue come from to maintain it?

Or did Pearson know he was always going to flip the club in the Championship so it didn't really matter?

 

For them to be posing for pics etc, they must just be waiting for the ink to dry

 

They run the SMC as a loss making concern as it makes sense from a tax point of view for Allam Group.

 

So what we discussing today?.

 

Bestest Fish and chip shop

 

If I understand right, the pics are from May ..... but yes, you would think (hope) it's near as damn it done for them to be posting those pics and comments

 

They are crap where i am.

 

Oh that's a bummer. Maybe there's a good Kebab shop?

 

Without new owners and new investment we are headed back into the football basement. We need this change to inject some verve, excitement and passion back into the club, both for the diehard supporter, returnees and new fans. Lets see it happen!

 

And if the new owners don’t invest much? fans leave?

 

Don't eat kebabs miss patties a lot i bought 40 for freezer when i went to hull for day to buy them and now i have eaten the lot and ran out,so either another trip to get them or figure another way.

Chip shop in Cottenham i went to could not believe it when i ordered 40 patties and 25 scallops i had to pay up front and collect when i was going back for train.

 

They are investing and can afford to.

 

Yes and no.

Any losses in any business they can offset the tax on.

Makes no difference to Allamhouse tax bill whether that's City or the SMC.

Obviously that only offsets some of the losses and is no substitute for running a business at a profit, so if its run at a loss, they still lose money.

 

I hope so but I would wait and see how they invest first
But I’ll still be going no matter what they do or don’t do.

 

Just typical! The new owner's only been in the city for two hours and already he's getting his back pocket dipped. Is there no end to this greed?