Randy Lerner just stopped putting money in. When your expenses are more than your income you reduce your overheads and live within your means. That was all Randy Lerner did he sold his expensive players and replaced them with ones that didn't cost as much. I wouldn't call it asset stripping. If Goldman Sachs are advising the potential owners then they will be looking at getting as much government money to expand the stadium and build income generating assets (restaurants, hotels, sports facilities etc) as possible. They would be looking at expanding the ground and with it the number of corporate boxes, expensive seats, etc. Brady said a couple of years ago government money would be available. In fact they will be looking to do a variant of what Assem Allam suggested with the sports village. As Brady has said they are already in discussions in the Americans and the Council will be bending over backwards to help, as they would have done with Assem Allam. On the question of freehold. The SMC pays so little money to rent the KC from the Council and yet Hull City paid £4 million rent. West Ham will pay £2 million to rent the Olympic Stadium and get the policing costs thrown in. Just as there's an argument for acquiring the freehold there's a better argument for giving it back to the Council and paying an annual rent. With Brady so eager to please the rent will be a lot less than we are paying now.
You really must stop posting well thought out posts full of pertinent points, Obi. It makes it difficult for others.
Lerner lost a fortune in the ten years he owned Villa, almost a quarter of his personal fortune was lost propping up the club. Towards the end he stopped putting any money in and let it slide, but he was already about £240m down by then. What he did was the polar opposite of asset stripping.
Interesting developments in Italy today that i have a sneaky suspicion could impact on us... Inter owner Eric Tohir was reportedly looking to sell 20% of the clubs shares to a Chinese billionaire consortium. This was because he couldnt make Inter stack up with FFP, a fact exacerbated by Inter failing to qualify for the UCL. He was also widely reported several months ago to want to get in on the Premier League gravy train. Now, in a shock development, after months of negotiation it has been announced the Chinese consortium will buy 100% of Inter. There is no way Tohir will walk away from football and if he does sell Inter it is 99% certain he will want a Premier League club. Now which clubs are presently ripe for buying...? http://www.football-italia.net/85218/suning-set-all-inter Yes I'm making massive leaps here but they're logical and if he was interested he'd be a superb owner. He's in it for the prestige of winning but will always honour the club and fans. He's a traditionalist and fantastic at image and brand perception, he hired former Man Utd CEO Michael Bolingbroke for precisely his experience of this on a global scale.
Three parties in running to complete purchase of Hull City please log in to view this image Hull City's future hangs in the balance as three groups vie to purchase the newest addition to the Premier League. Sky sources understand two of the consortia are American-based, with one of them already owning an NFL franchise. The third is a part-UK, part-European group which already come close to buying Aston Villa prior to Dr Tony Xia's £60m deal to acquire them from Randy Lerner. Hull have been up for sale since 2014 after the Football Association rejected owner Assem Allam's application to change the club's name to Hull Tigers. Allam - arguing the club's current Hull City AFC named was 'irrelevant' and a 'lousy identity' - wanted the alteration to make the club appeal more to an international audience. please log in to view this image That issue has divided fans since it was first floated three years ago but the Egyptian businessman has remained determined to push it through without success. More recently, Allam has missed many of Hull's games including their Championship play-off final win over Sheffield Wednesday on Saturday, due to ill health. please log in to view this image After that game, Hull vice-president Ehab Allam - 76-year-old Assem's son - told Sky Sports News HQ the family wanted time to decide whether they still wish to sell. Allam Sr has previously said he would give the club away if he could not find a buyer for it but there is now strong interest to consider. http://www.skysports.com/football/n...-in-running-to-complete-purchase-of-hull-city
... two of the consortia are American-based, with one of them already owning an NFL franchise. The third is a part-UK, part-European group which already come close to buying Aston Villa. Allam - arguing the club's current Hull City AFC named was 'irrelevant' and a 'lousy identity' - wanted the alteration to make the club appeal more to an international audience. Looks like he got part of his wish.
Liverpool's owners are building an expensive new stand and have stated that Klopp, this summer, will have the biggest transfer budget in their history.
The fenway group are a investment company they end goal is to make liverpool into a man utd or a arsenal. They are not a chelsea or Man city type owners
