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New owner confirmed…

Discussion in 'Hull City' started by Hutch-tiger69, May 30, 2016.

  1. Obadiah

    Obadiah Well-Known Member

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    Same applies when you're buying a business.
     
    #1941
    Looe Tiger likes this.
  2. citycityhull

    citycityhull Well-Known Member

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    The Allams are not stupid people, they are a lot of other things, but not stupid.

    They will know that until the deal is signed they are burdened with the club, therefore it will be in their best interest to make it as attractive as possible for September. They will know the yanks could easily say "the team isnt strong, your bottom of the league, and experts say your relegated, we out".

    by the sounds of it the actual cost of the club has been agreed but the practicality of sale is the issue. I would not be suprised if there is a member if the potential buyers team sitting in on future meetings regarding nee players to rubber stamp the deal.

    the yanks will have had a budget and team ready to manage transfers, there is nothing to say they cant be involved pre sale
     
    #1942
  3. Charon

    Charon Well-Known Member

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    exactly/agree - every seller has a minimum and every buyer has a maximum, its just trying to find the point where the deal can be concluded - unfortunately our two friends are not very good at negotiating etiquette as they keep reneging on things which is never a good starting point
     
    #1943
    petersaxton likes this.
  4. Charon

    Charon Well-Known Member

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    sorry Bud, but any price 'agreed' is always subject to change until a contract is signed - sometimes the price is the last thing to be agreed after all the other terms have been sorted out - its no different to buying a house in some respects - if you agree a price, you have a survey, you try to reduce the price after the survey, searches come back, another chance to reduce - we vote Brexit, the housing market gets spooked, another price reduction - -- so agreeing a price is not binding until final signature
     
    #1944
  5. balkan tiger

    balkan tiger Well-Known Member

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    So many odd things about all this, Why are the Allams wanting all the money up front? its not like they are short of a bob or two. Waiting till September could seriously reduce the value of the club. If we are kicking of with the squad as it is now and our tough start to the season we could be rock bottom by then, and the transfer window will be closed ( i think )
    What effect does the Allams owning the SMC have? Could the new owners buy the club but still have to rent the stadium from them?
     
    #1945
  6. Obadiah

    Obadiah Well-Known Member

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    They will sell the shares and Allamhouse will be owed £80 million. If Hull City Tigers Limited goes into administration Allamhouse get nothing. Assem Allam wanting as much cash up front as possible is sensible business practice.
     
    #1946
  7. balkan tiger

    balkan tiger Well-Known Member

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    Fair point.
     
    #1947
  8. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Might need to revise this post.. apparently it's too negative!
     
    #1948
    Yardley Tiger likes this.
  9. originallambrettaman

    originallambrettaman Mod Moderator
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    Twice a deal was agreed, twice the Allams moved the goalposts, they're a pair of ****s.

    As far as I'm concerned, all bets are off, there should be a massive protest at the season opener, at their offices, at their homes, it's time to drive them away.

    Vive le revolution.
     
    #1949
  10. The greengrocer

    The greengrocer Well-Known Member

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    Christ I hope I never buy anything off you? <laugh>
     
    #1950

  11. PLT

    PLT Well-Known Member

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    We've not decided to do so yet but I'm sure we'd be open to it. Generally it comes down to whether the fans want it. I suspect the appetite for serious protest is a lot greater now than ever before in the Allam regime.
     
    #1951
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  12. Arnold_Lane_HCFC

    Arnold_Lane_HCFC Well-Known Member

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    In the same way that many supporters are finding other things to do with their money when not renewing passes, it seems probable to me that someone willing to buy the club, but is being continually dicked about, will also find something else to spend their money on.

    I'm not privy to any of the negotiations that others on here profess to be, but this latest situation has the hallmarks of the Brentford/Gray/Burnley deal where we dicked about and ended up losing out.
     
    #1952
  13. TIGERSCAVE

    TIGERSCAVE Well-Known Member

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    By September we'll be 4 points clear at the top and the price will have gone up again. I personally will not set foot in the ground until those bastards are gone... I urge everyone who is not a plastic 'I must watch Arsenal and Rooney' supporter to make yourself heard in the ground. Red cards, red flags anything... because sure as hell, my friends and I will be making noise at away games.
     
    #1953
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  14. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    Yep, surely Grieve and the consortium gets to a point where they find better options.
     
    #1954
  15. Arnold_Lane_HCFC

    Arnold_Lane_HCFC Well-Known Member

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    Someone in this thread used the comparison of buying & selling houses. There are those house sellers that will jeopardise a deal to sell, by rigidly insisting to recouping the money they originally spent on it. But if you have a house that has become toxic and you want rid of, then sometimes the seller has to consider taking a smaller loss now to get rid, rather than hanging on and eventually losing more than they would have originally done.
    Sellers have to realise that buyers have a choice and that they may have to compromise to clinch the sale.


    Pride comes before a fall.
     
    #1955
  16. Arnold_Lane_HCFC

    Arnold_Lane_HCFC Well-Known Member

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    Grieve must be grieving about this.

    (Took me a long time to think of that one, so please be generous with your 'Likes This Post')
     
    #1956
    Last edited: Jul 16, 2016
  17. Tentotwo

    Tentotwo Well-Known Member

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    Would anyone sell a house quickly if they suddenly found oil in the back garden?
     
    #1957
  18. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    They would if the selling price included the value of the oil.
     
    #1958
  19. Tentotwo

    Tentotwo Well-Known Member

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    Exactly.
     
    #1959
  20. Party Hull!

    Party Hull! Well-Known Member

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    If the Americans are still interested at this stage, then surely it will happen eventually. Most would have walked long ago.

    I'm prepared to wait it out if it means they leave, but I did have a slight hope that I might be about to try and scrape the money together to buy a pass/membership this season for a post-Allam Hull City. Seems unlikely now.
     
    #1960
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