Sale is off! - or maybe not!

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Wasn't it their "gift to the City" buying the club, and then all of a sudden it's became a debt. Just goes to show that they are full of ****. Yes grateful that they basically saved the the club from meltdown, but then they almost ****ed it up themselves
 
Wasn't it their "gift to the City" buying the club, and then all of a sudden it's became a debt. Just goes to show that they are full of ****. Yes grateful that they basically saved the the club from meltdown, but then they almost ****ed it up themselves

I think this has been done to death tbh .. when they arrived on their white charger they promised much.. unfortunately the moment they had dialogue with the HCC everything went Tits up .. since then they have shown themselves to be very narrow minded and tbh ignorant towards the fans .. shame really
 
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I suppose in a way its comforting to know that the club is worth condidering to other potential buyers and that even though one set of suitors have now seemed to have gone others are weighing up oppotunities in an eventualy purchase. Today's football, as I am constantly being reminded, is a business, so for me there would be no sentimental reason for anyone to be considering a purchase other than for pure business purposes, with all the plusses and minues that involves. I remember Manchester United supporters were in uproar at the purchase of the club by the Glazer family and the exposure of the subsequent financial arrangements for that purchase, but do they care now? I can only hope that any deal for Hull City AFC is concluded very soon, by whom I'm not particularly fussed, and that Mike Phelan is given his chance to put to use the experience of being involved in the very successful managerial era of Sir Alex Ferguson. The era of BP and the benevolent Harold Needler has long gone.
 
Yeah, every millionaire is a proper **** and has ****ed over countless people, stray dogs and the less fortunate to get where they are today. Talk about a stupid sweeping generalisation of a comment, words fail me.

So what if they are? I'd sell my own mum to slavers if I was offered a million quid for her.
 
When a new owner buys the club there are two options:

1. They agree a price (let's say £20m) and pay that money to the Allams for the shares. This leaves the club with £80m of debt to Allamhouse, which can probably be called in at any point. The amount of interest on the debt will need to be agreed by the Allams or they'll just recall the loan. As the debt is unsecured, if the club went into administration then Allamhouse may lose this £80m owed.

2. They pay the Allams £100m and the Allams agree to write off the £80m of debt owed.

Which of the two do you think that the Allams would want, ignoring tax treatment?

One way or another, the debt to Allamhouse will be paid on sale (they won't risk leaving it on the balance sheet when they aren't in control). Whether it gets replaced by £80m of share premium or £80m of debt to NewOwnersLtd remains to be seen.

A point I'm not clear about is whether or not AA and EH are the shareholders, or whether Allam House is the shareholder. I thought it was AA and EH as individuals and that AH is a separate means of loaning money and taking interest.

I don't know if this is clear, but will try again if need be.
 
A point I'm not clear about is whether or not AA and EH are the shareholders, or whether Allam House is the shareholder. I thought it was AA and EH as individuals and that AH is a separate means of loaning money and taking interest.

I don't know if this is clear, but will try again if need be.

Allam House is the Allams company, it owns Hull City, the SMC, Allam Marine and various other companies, though as far as I remember, Ehab doesn't actually own any of it.
 
A point I'm not clear about is whether or not AA and EH are the shareholders, or whether Allam House is the shareholder. I thought it was AA and EH as individuals and that AH is a separate means of loaning money and taking interest.

I don't know if this is clear, but will try again if need be.
Who is EH and AH?