I doubt they would want to let go if there are any skeletons in the bidders' closets that may backfire on their (Allams) reputations. Seriously???
So if the pot(s) of gold are resulting in them not selling, are we thinking we might have been better off not getting promoted?
Assuming we're planning on competing next season, then there really isn't a pot of gold. As soon as we went up, our wage bill went back up to £50m, assuming we spend £20-30m on players to compete, along with the wages required for those players, then that's the £100m pretty much gone. There could be a pot of gold, if they decided to spend nothing and just pocket all the cash, but new deals for Huddlestone (our best paid player), Elmo and Jakupovic suggest that's not the case.
So why are they not selling? After being vocal about it for 2 years they've suddenly gone very un-vocal. Is it as simple as Snr is still ill? (assuming he is).
Depending on where there money was or where their wealth was they might not have as much money. Its possible most of their wealth wasnt liquid and in the dollar and was instead tied up in stocks or mutual funds.
We don't know we aren't selling. Yet. We just don't know. That's the point. This is all guesswork and supposition. Still. Nothing said in the last day makes what might happen any clearer.
Interesting to know that we have suddenly become as tight as a nuns private area. It was Rod Stewart after the gig who told the taxi driver. Rod must have heard something whilst in the bar.
Just about the nearest so far to what is going on. ^^^^^^^^ these.!!!! The last line of Canada's post sums up what certain people on here actually know about business matters and what goes into selling a company.!!!! Nobody has mentioned one possible obstacle on here yet ?
I was involved in the sale of a company a few years ago, nothing like the size of City but the same processes have to be gone through. We did it in just over 4 months, which was thought at the time to be almost indecently quick even though it was a simple sale, for cash and with willing buyers/sellers. Staff (except those who needed to know) were completely unaware of the deal until it was completed and there were no leaks. So I'm not at all surprised we don't know anything, equally I wouldn't be surprised if an announcement of sale was in tomorrows news. Just have to wait and see.
They're all reasonable points, but the reason no sale has been announced is because no sale has been agreed, it's not down to due diligence.
There'll have been some due diligence done ahead of anyone actually placing a bid, there'll be more detailed checks done once a bid has been accepted, but that hasn't happened yet.
