New owner confirmed…

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City takeover..

Curtis Woodhouse quits Hull United!!...Me thinks there's a connection here!!

New CEO at HCAFC?? That or he's just being made shop manager at the new Netto's in Driffield.
 
Intresting detail the address of Cordia Bancorp one of his investment schemes is 11730 Hull Street Road
Midlothian, VA
23112
 
pierredelafranchesca said:
I believe they are (well Allam anyway) very very good at running a marine generator business and those skills are transferable to other businesses, where they lack is understanding how a football club needs to be run as they've admitted themselves, in that field they are grossly incompetant! Looking back historically though, I certainly think it was spite that led to the name change after the spat with the city council, the membership scheme speaks more of incompetance, but I am pretty certain that if anything derails this sale it will be ego and spite in equal measures.
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Its definitely spite to keep using the dreaded name after they've been told by the relevant authorities that they cant.
 
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Reactions: PLT and dennisboothstash
Yay. Go Windy River Tigers.

Yeeehaaw. Whoop whoop. ..
 
originallambrettaman said:
The £100m will be the full cost with the debt paid down, there's no way they'd have any interest if it was £100m for a club with £80m of debt.
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Depends how optimistic the prospective new owners are of staying in the promised land with its rich rewards, revenue wise, and being able to acquire the KC and the surrounding land for development. I suspect any deal could be struck based on £x up front, and then further payments based on certain objectives and milestones being achieved or otherwise over the following x number of years. The only problem that c£80m worth of debt brings to the table in principle, is its negative impact on potential investments in new players this Summer. If the club for instance stay in the Prem for another 4 years, paying off c£20m worth of debt each year is doable. Equally if that doesn't happen the Alalms will have to take a running jump.
 
cheshireles said:
Depends how optimistic the prospective new owners are of staying in the promised land with its rich rewards, revenue wise, and being able to acquire the KC and the surrounding land for development. I suspect any deal could be struck based on £x up front, and then further payments based on certain objectives and milestones being achieved or otherwise over the following x number of years. The only problem that c£80m worth of debt brings to the table in principle, is its negative impact on potential investments in new players this Summer. If the club for instance stay in the Prem for another 4 years, paying off c£20m worth of debt each year is doable. Equally if that doesn't happen the Alalms will have to take a running jump.
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The club simply isn't worth £180m and the Allams aren't going to accept being paid off over four years, if they want out, they'll want to walk with all their cash.
 
http://windyrivergroup.com/investments.html

Follow this link and scroll down to the bottom of the page. Windy River is the group founded by Peter Grieve. It looks like "The Football Co" is the group looking to invest in us, although I can't find anything about them online at the moment. It says that it is a public company so information should be available somewhere.
 
originallambrettaman said:
The club simply isn't worth £180m and the Allams aren't going to accept being paid off over four years, if they want out, they'll want to walk with all their cash.
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As it stands today, I agree. However 'throw in' projected revenue and net profit from future years in the Prem, an option to acquire the stadium and surrounding land for a 'lower cost than the potential asset value', and the value moves upwards beyond current player only asset values. I believe (rightly or wrongly) that if the Allams can walk and get all their money back, they will do so. I might be wrong, but with the Prem revenue streams wouldn't be totally surprised if the Allams retain a minority percentage of the equity in 'Hull Tigers', with an option for any new owner to acquire that retained equity at some point in the future. Unlikley, but nothing surprises me any more as far as the Allams are concerned. What I am confident about is that they won't sell unless its to a 'good home', unfortunately in their opinion, and secondly whatever gives them the greatest return on their original investment.
 
cheshireles said:
As it stands today, I agree. However 'throw in' projected revenue and net profit from future years in the Prem, an option to acquire the stadium and surrounding land for a 'lower cost than the potential asset value', and the value moves upwards beyond current player only asset values. I believe (rightly or wrongly) that if the Allams can walk and get all their money back, they will do so. I might be wrong, but with the Prem revenue streams wouldn't be totally surprised if the Allams retain a minority percentage of the equity in 'Hull Tigers', with an option for any new owner to acquire that retained equity at some point in the future. Unlikley, but nothing surprises me any more as far as the Allams are concerned. What I am confident about is that they won't sell unless its to a 'good home', unfortunately in their opinion, and secondly whatever gives them the greatest return on their original investment.
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The stadium only becomes an asset if they can buy it, something the current owner was unable to do, so it will have no bearing on the value of the club as it stands. The Allams won't be remotely interested in retaining a minority stake, they all or nothing types.
 
What ward Is the good Dr' on at H.R.I.

Any one want to meet up at the gift shop, and make a collective visit.?
 
Despite what I think of his dealings with Hull City in recent times, I wish Assem my best wishes, perhaps he should retire fully now, and enjoy the money he has earned, before his drain of a son spunks it up the wall on misguided judgements and ideas.
 
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