No **** Read my posts. The difference is the debt is not set against earnings. That a BIG difference. Getting a bit fed up of trying to explain the huge differences between now and then. It is like you taking 10000 off the bank to buy the club and promising to repay it from the profits each year. Or having that cash under your mattress and loaning it to the club. If you can't meet repayments, you lose, not the bank. Banks just want the cash, as does HMIC. Do people still not get all this? It couldn't still happen in the same way as the owners won't demand their own cash is paid back, like an external creditor. When a creditor calls the cash in they want their cash and sod the consequences. The debt is paid and the club could fold to realise the money. If the Allams wanted thier loans out then there wouldn't be he money to get it without a sale of the club, or just flogging off the lot and that would destroy their assets and get them a fraction of their loan back. So your post above is wrong... Unless things change considerably.
If we took your mindset as being common amongst the people of Hull, (and, unfortunately, I think you probably are representative if not of a majority then certainly a significant minority), it's not difficult to understand why the city has struggled for so long. The Allam's have contributed a great deal to Hull through their business. To see people criticising him for appearing in the HDM for having donated a £1M+ piece of medical equipment is depressing in the extreme.
I wouldn't trust that ****er an inch. He has constantly lied to supporters about most things so I definatley would not trust his judgement on this one. He would be more likely to sell to an irresponsible owner for two reasons 1. Stick the finger up to the council and supporters 2. So he could claim when it fell to ratshit that it wouldn't have happened if you had let me have my way.
Reckitts contribute a great deal to Hull, Smith and Nephews contribute a great deal to Hull,Ideal Standard contribute a great deal to Hull I could go on but you would not understand. Allam has been criticised in the media over the Arena and evicting local sports club and it is just coincidental that a story appears in the HDM about him donating £1m+ to castle hill. BOLLOCKS. All it proves is that he helps the community when it helps him, if it doesn't the community can go to hell.
We contributed a lot more toGerman cities. But none of them took as long rebuilding as Hull despite this country getting more in Marshall Aid than Germany.
So, he's cheap enough to steal the paltry £200K from the ASI, but enough of a spendthrift to donate £1M+ to divert attention from his Airco dealings? And do you think robot operating machines come off the shelf? That he bought one when he realised the Airco was going to generate bad publicity? Are you ****ing mental?
I've given up trying to second guess a man I consider to probably have a screw loose, he needs to either hire a good PR man and listen to him, get out of the public spotlight or seek treatment because he comes over as a (rich) idiot
I've noticed that too. Between the apostrophe-pimps and the likes of Patty and Tickles, there's an easy conclusion to reach. The funny thing is, Happy, who's been the most prolific defender of the Allams/name change, isn't thick at all.
Allam's business actually has a really small workforce considering the money it makes. His first business was liquidated and the entire workforce lost their jobs. It apparently makes big money off disaster relief generators in places that have had floods and stuff. It's nothing like the noble organisation his fans want it to be. I'd stick to his individual charitable donations if you want to big him up.
Ruscador was a wholly owned subsidiary of Tempest Diesels and both went into receivership in 1992(both solely owned by Assem Allam), a buyer could not be found and fifty staff were laid off and the companies closed. Allam Marine was incorporated in 1992, bought the assets of the above and the rest, as they say, is history.
