New owner confirmed…

I totally hear what you’re saying, and my situation with regard to the Allam’s is exactly inline with Kemps, but I think what he meant by his gift to the city was saving the club from what would have been almost certain administration. I could also be wrong but that’s my take on it.

 

That was mine also. Getting involved was his gift, not 40m quid.

The selling for £1 in 24 hours was complete hyperbole though - to try and force through the name change.

 

I once dicked a bird who had a hyperhole.

Sorry for popping my ugly head up again.

 

The PL didn't announce the block. However, as I understood it at the time (and I have no idea how or where this came from).
The Dai's made a deal with the Allam's, that went to the fit and proper test, at that point it was disclosed by the Dia's that there were others in the consortium, who had not been included in the original deal.
I do not believe that the Dia's failed the fit and proper test, but they failed to produce names for the PL to check. The Fit and Proper test could not be completed.
It was also reported across national media and I do agree that the news broke because of an overheard conversation at a supporters funeral.

I also seem to recall that they were supposed to be billionaires, but they had all of their money tied up in shopping malls built in underground shelters.

 

I think the deposit showed up on the accounts.

 

Yeah, but Allam said 24h not 24 seconds...

 

Pretty sure 7m was quoted on here - on the accounts.

Probably by one of the same people who now wish to contest the legitimacy of that deal purely cos it fits their narrative.

 

Correct

 

Club accounts or Allamhouse accounts?

 

Doing a cracking job
https://www.google.co.uk/amp/s/www....expert-sends-financial-fair-play-20382094.amp

 

Yeah, that's the reason for the 6 point deduction.

Some. Might say it's small price to pay for the ability to overspend.

Does spending too much make them bad owners in the long run?

I'd have mixed feelings if it was City but I'm certainly in the Simon Jordan camp that teams breeching FFP should be relegated because a few points deduction is no deterrent.

 

Whilst there is an opportunity to build a £600m property development on the car parks, the owners don't really care about the money they chuck at it.

 

So are you seriously saying the Allams made that story up and chose to announce it at a supporters funeral ? Did they also write the programmes notes for the first league game against Leicester announcing the club had been sold to back up this charade ?
Also that they chose to kick off a new season in the Premier League with only the minimum of players signed on to keep up this charade with no permanent manager in place ?
The Dais family did later buy Reading but they were a Championship club at the time and what a fine job they did there.
If the Allams 'could have quite obviously got more money for the club by selling it while it was in the PL' I'm sure they would have done, so why do you think they didn't ?
Omega Man recalls it as I remembered it. One of the buying consortium either couldn't be found or traced therefore the F@P persons check couldn't be done and deal collapsed on it. It left City in the ****.

 

Sure I read somewhere that all they bought property wise was the stadium, and none of the surrounding land.

 

Is this what you said just before you dicked her?

 

Can't be arsed to reply to most of that because I've already covered it but the answer to why didn't they sell it when they could've got more money is that they didn't want to. Ehab loved being able to tell people he owned a PL club and didn't want to let go of that. They probably thought they could squeeze out more money as well by staying in the PL and not spending anything.

It's quite well established that the reason we're being sold now and not before, is that we're actually for sale now.

 

Stadium, hotel and car parks.

 

Okey dokey.