Due diligence can be, and should be, a long process, both by vendor parties and purchasing parties. Thoroughness is paramount. In this case the Allams, if they are to be believed in their statement "We'll only sell to a good home", need to be just as thorough in reviewing the history, stability, financial track records of potential purchasers. I doubt they would want to let go if there are any skeletons in the bidders' closets that may backfire on their (Allams) reputations. If multiple bidders are doing due diligence, it complicates the situation for the sellersand prospective buyers - whatever the offers might be etc etc. On the buyer's side, there will be more effort required on their part because of the "mistakes" the Allams have made in their tenure e.g. unknown tax hits (should have been caught in their own original due diligence), business relationships they had/have with their landlords, regulating bodies (PL, FA), fans/customers etc etc. Added complexities are brought to the table when consortiums are involved. Each interested member of the group will have their own legal advisors, tax advisors, business development advisors, all of whom will need to deal with the complexities of purchasing a "foreign" company and their own "home" state regulators. It's a big decision for all sides. If it's rushed (i.e. not thoroughly analysed). it could be disastrous. It's not like playing monopoly on a Friday night after a piss-up ! Some on here seem to think so.
Like has been said before! If you're buying or selling something that's worth £100 mil it's gonna take time! And no one wants to rock the boat Buyer or seller. Mines a shorter version of Canada's
They have to agree to sell it before we need worry too much about the detail and to date they haven't done so.
It would of been easier and much quicker to type, the Allams are lying ****s. They are not selling. Just my opinion of course.
The good home thing is absolute bollocks as it obviously was all along. There's one home which would be absolutely brilliant, yet Ehab won't sell to them.
Oh? The sale is off is it? Well, no sense in the rest of us living in hope we're about to sold if you can state Ehab won't sell to the Americans. Ta for the heads up.
You're living in hope we're about to be sold? there's a turn up for the books, always thought you was happy with the current owners.
Hull and the surrounding area were one of the biggest margins of victory for the leave voters (Sorry for mentioning the referendum, Shush Peter), I'm pretty sure the Allams hate the proletariat of Hull, just a little bit more now.
Erm. It's not new news. Unlike the info from PLT. Which is of course good to know even if it's not what we wanna hear.
I'm very much hoping he will. The word "won't" was a very poor choice of words, my mistake. What I meant was, he's refused to so far.
