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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???
 
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Bum_Chinned_Crab said:
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?
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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.
 
originallambrettaman said:
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.
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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).
 
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.
 
tigerscanada said:
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.
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The greengrocer said:
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 :emoticon-0102-bigsm
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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 ? <laugh>
 
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The FRENCH TICKLER said:
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 ? <laugh>
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The list could be endless as my post implied.
 
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.
 
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