The due diligence had been done, there was still a little more to do once all the details had been agreed, but the prospective purchaser thought he could still complete in about two weeks.
If that's the case and the seller pulled the plug then there's surely only one obvious conclusion to draw from that i.e. that the seller decided the price was too low? Maybe Swansea selling 60% of their club for £100m in early June made the Allams re-assess the value of their asset?
Or maybe they just misjudged how far they could push it and ended up blowing the deal. Only the Allams know what goes on in the Allams heads, but it rarely makes sense to anyone else.
I don't know how much clearer I can be. I haven't asked who it's from. I've simply asked you for evidence to support your claims. I'll settle for something that supports your recent claim that "I have information that they did provide proof of funds more than once when a price was agreed."
It's sad that it ends up coming across that way. It should be a simple discussion on the goings on at the club. Why people try to make that personal is lost on me.
It's not clear who pulled the plug, nor is it certain the plug has even been pulled The club claim it's on hold due to the transfer window. The potential buyers have said nothing.
That explanation doesn't make much sense though eh? On hold due to the fact we've got to increase the short term debt by a fortune in order to fund our PL status, before the TV cash lands? Surely the more logical approach would have been to sell up and go before the window opened or even now, giving the new owners the chance to invest in their new club?
Yep. Which is is where the comments on more due diligence was offered. If it was really for the transfer window, we should be seeing more activity than we are.
Will someone please give me some evidence of a conversation they had with their mum in the last seven days. If you can't provide any evidence, I'm going to assume you don't speak to your mum and you should be ashed of yourself.
None at all. They claim it was "to ensure stability during the transfer window". Then they forced out the manager.
And that right there is another bit of evidence that the Allams are lying ****s. On the other side of the coin, the buyers have said little to suggest they are not to be trusted or believed.
It smacks of - offered tabled, due diligence starts, issues discovered that results in questions being raised and / or a revised offer being tabled, seller launches it into the long grass and awaits the first Sky cheque landing. In theory they could run that club with virtually exactly the same cost base as last season and use practically all of the incremental TV cash to write off their debt in full. Sell next summer as a debt free entity, when you have amassed as many points as Villa did, and have the Sky parachute payments in the bag. That would take balls of steel though.
Hallelujah ! And the Good Lord said unto Adam "If you conduct your business during the close season the Devil will have less chance to disrupt the sale by injuring key players"
Two weeks ago today, a price was agreed by both parties and a call was arranged to finalise all details on the Thursday, ahead of the Americans to fly in on the Saturday to sign the papers. At the start of the call on the Thursday, the Allams dropped the bombshell that they'd decided not to include the Superstadium Management Company (who run the KC), unless they'd pay an extra £6m for it. As it was not the first time the goalposts had been moved (and the price increased) and they'd found them a complete nightmare to deal with, they decided they'd had enough and walked away.
