I was told by a couple of people recently that the deal was being held up due to money issues/state of Turkish currency. But they are not close to the deal and put it down to Chinese whispers between agents etc.... The person I trust most in this though is still telling me that it's all done and there is no issues. Interesting times
I don't think there is anything to worry about, all I'm seeing / hearing from people involved is that it's done
'Interesting times' is an understatement. The drop in value of the Turkish currency was probably the worst thing that could have happened at this stage. Can you imagine the public outcry if the asking price was suddenly put up 40% at this late stage ? Because this is exactly what has happened and it is completely out of the vendors and the buyers control. Also not helping is the pending transfer window. Do the Allams hang onto the club and sell KLP and probably Greaves with maybe the money coming off the asking price of the club to offset the 40% drop in the vale of the currency ? Or do the potential owners bite the bullet and push the deal over the line this week ( hopefully) thus keeping the most valuable assets they have amongst the current playing ? Interesting times certainly. We are close but it ;looks like both sides are frantically looking for the corkscrew for the champagne. ,.
This is far from a done deal….(I’m not in ITK) just a personal opinion, the claims 10 days ago that it was totally done seem wide of the mark & Ulrika was right
Cheers for that …I think I suppose the previous reduced value of the Pound might have helped the sale idea in the first place, but this must be tense for both parties
He's surely got money in other currencies, particularly if rumours are true about having a consortium backing him. Can't he just use other currencies? There cracked it, I should be brokering such deals.
But they are just rumours matey and the facts are that the currency of our potential Turkish owner had devalued dramatically in the last few days. City never do easy, we all know that, but this situation is completely out of our control. Let's hope the will for a sale from both sides is strong enough to overcome this problem. Because months and months of work behind the scenes has already been completed.
I'm not ITK either, but I think this currency concern is a red herring aka bullshit. There's no way his or their wealth and incomes will be predominantly in TL. Still likely to be mildly unwelcomed for him but not likely to be anything to affect the takeover, and also unlikely to be a permanent devaluation.
Currency dropping will not and has not effected this deal at all, listen and read and believe what you like but this is done, i don't care who your sources are or what they say or what the papers say, the one thing i trust inexplicably is mine and again i spoke with him weekend and again i am picking him up at airport Monday evening. And as before he has confirmed with his friend it is done. Not saying anything else so don't ask.
But his income is. His business is. It’s not bullshit, but we have no way of knowing the impact A 45% drop in income would stop me from a car, let alone a loss making football club
I don’t think so mate, we ALL want this done, but this is major downgrade in optimism. Hopefully the deal is announced tomorrow & we can congratulate the ITKs
