Yes it was on the Alan Brazil show, they claimed the takeover had stalled over the ownership of the ground, but that said it was talksport.
The Chinese, or their advisors, will have downloaded the documents kept at Companies House for Hull City and the SMC. They may also have googled Assem Allam and Hull City. They would have been aware before they contacted the club that there was a dispute over the Council not selling the freehold, a court case instigated by the landlord (the Council) over the Airco and the simple fact that the stadium freehold is not shown in any of the accounts.
Exactly. That's what they pay the lawyers for. At this price do you think it would escape their attention? Really... There are armies of experts on deals like this. It's not done by some women in her bedroom.
Reading the last few pages its like everyone is in the know except me, what the **** is really going on? None of you know.
The Allams might even have simply saved the Chinese the bother and told them that the club didn't own the ground.
Anyone doing due diligence on the £100m purchase of a company will given full copies of the sellers accounts, they won't need to go downloading stuff from the internet.
He thinks you and myself are in the same gang. He really must inhabit a parallel universe. Or not read many of the posts on here.
This is why I've considered it bollocks until there is an official statement. The Allams always do their best to try and **** everything up.
A company's accounts are not private; you can get them for a quid from Companies House. They will state the full range of assets. Also a potential buyer would say to a potential seller very early on "so what do I get for my hundred million quid?". For all sorts of reasons I do not see a football stadium being hidden from view and ending up as a nasty surprise. There is no stalling over who owns it, it would always have been a very early issue in the original analysis of the sale before any details were advanced - yonks ago surely......
I recall that mob buying Blackburn Rovers, thinking that they were buying a premier league franchise and that Blackburn could never ever be relegated. They didn't do the due diligence. That said the Chinese tend to be pretty savvy business people who will have checked everything. However, if the sale is dependent on the club owing the stadium, then I fear they'll walk away from the deal. If rugby town knuckle-dragger Geriatric Terry gets his way the talks about a deal to sell the stadium will drag on for the next five years...
Like an annoyed film director, whose English wasn't great, said to David Niven and Errol Flynn during the filming of The Charge Of The Light Brigade, "You two think I know **** nothing. Let me tell you I know **** all!". Flynn apparently fell off his horse laughing.
Allam presumably has an array of advisers. Yet he thought he was buying a club named Hull City Tigers and then found that the club's debts were far more than he had been led to believe.
