I've had a **** day at work and only managed a page of this, can someone please summarise it all. Was this Geoff Bielby guy involved in the negotiations or is it more speculation to what happened?
He is the head of the HCST, he was just privvy to some information as he had a source close to Peter Grieve.
There are two possibilities. You are a congenital idiot. You are doing an outstanding impression of being a congenital idiot.
Utter spite! The Allmas never put a real offer on the table with HCC to develop the area around the stadium (I know this first hand), so they're denying the Americans that potential.. unbelievable Geoff..
Once we got promoted the club was said to be worth around £100 million. A valuation which seems to have been accepted by the Americans. If they had paid the full amount on 23 June 2016 it would have cost them $146 million. If they paid the same amount this week it would cost them $131 million. A potential saving of $15 million. If you include the SMC at £6 million they would still be saving over $8 million. The potential savings disappear as the amount of money paid upfront is reduced. If they intended to pay £20 million upfront (an assumption on my part) before 23 June 2016 then a demand for £26 million to include the SMC now would mean they would have to find an extra $4.8 million. A not inconsiderable sum. That would still leave Hull City having to find the money to repay the £80 million loan plus interest. I can't be bothered to work out the point at which they would be saving money due to the fall in the pound, but you get the picture. Unless OLM and Geoff Bielby have been told how much was offered upfront and how the repayment of the rest was to be restructured I'm prepared to see wait and see what, if anything, happens in September.
Oh well, could be worse...http://www.espnfc.com/blog/the-toe-...n-first-day-of-sale-ahead-of-serie-a-campaign
As the final price was only agreed in the middle of last week, the exchange rate is a complete irrelevance.
To you maybe. If they had the cash in May in a box under the bed to pay close to £100 million they would still be dollars in now, even paying the extra £6 million. If they didn't have the cash then or now, how much of the £80 million debt are they paying upfront, on what terms and for how long are important questions. At least for me.
"in a box under the bed", "didn't have the cash on them".. made me chuckle, it sounds like you're dicussing some bloke who lives with his Gran..!! I know you're serious but at least it's funny and we need a bit of a cheering up..
