Your introduction of the corporate veil was a red herring. Hence my comments. The value of the company to the purchaser or seller may change based on activity between offer and final agreement.
You were questioning why the Allams weren't the direct owners of the club's assets, I explained that that was due to the corporate veil - i.e. the company that is Hull City Tigers Ltd or whatever it's called these days is not the Allams, it is its own entity. That was not a red herring.
If I have $100 in the bank and no other assets to my name, and then spend $2 on an apple, or spend $50 on an apple, and sit there with my apple in one hand and my cash in the other, do I still have $100 of assets? Does that change depending on how much I spent on the apple? (Disregarding any loss on sale in this situation)