It doesn't. Too many armchair financial experts. They could just be an investment vehicle for the cash that buys it. Wait and see...
I don't know if this news has been posted (can't be arsed to read all the posts), but on the World Service, I heard that a Far-Eastern consortium has a $150m bid and papers have been delivered for scrutiny.
I guess, but you want somebody who can chuck money at players and pay off debts, that sort of ready cash isn't going to get us much.
They don't currently own a football club. Once they do, they might convert more assets to cash, or the owners themselves may contribute funds. Looking at the cash balance of a company is rather pointless as most half-decent companies will have their assets tied up in investments or other assets such as property, not just sitting in a bank account.
Ok having not visited the site overnight I heard the news on blunderside this morning .. is it a realistic goer or is it just a pipe dream .. with AP involved be interesting to see if the mega rich investor is involved in the deal .. but there does seem to be a lot of names there for the F&PPT could be a while before anything moves .. not to ignore the fickle nature of the Allam's.
I can't get my head around us being worth more than Sunderland.. As much as I dislike Sunderland they own their ground, have a bigger 'attending' fan base and it s a one sport town.
According to the Hull Daily Mail this consortium isn't in pole position so our resident experts may be right. The proposed sale of Hull City to a Chinese consortium headed by Greater China Professional Services Limited (GCPSL) is the group associated with Hull FC owner and former Tigers chairman Adam Pearson. The consortium have agreed a £130m deal to purchase Hull City, however the Mail can reveal the deal is some way off being finalised, with one source indicating they are not even in pole position to acquire the club. Reports emerged in the UK yesterday following the publication of a Heads of Terms agreement to the Chinese stock exchange that a consortium between GCPSL and Camsing Global had agreed a £130m purchase of the club from the Allam family. Leading the consortium for GCPSL is Ip Kwok Kwong, a 55-year-old businessman and former graduate of the University of Aberdeen who was introduced to the Allams through Pearson. The FC owner's involvement is not thought to be anything more than an intermediary at present. A statement from the group to the Hong Kong stock exchange revealed an agreement had been reached regarding the sale of the club, with the Heads of Terms contract itself offering an indication of the seriousness of the offer. However, the Mail has learnt that due diligence is yet to take place surrounding the consortium, while the Premier League's "Fit and Proper Person's" test is also yet to be passed, an issue which saw the end of another Chinese consortium bid led by the Dai family back in August. The terms on a deal for a staggering £130m have been agreed, however sources have told the Mail this is not the only offer on the table being considered by the Allam family and while there is renewed hope among the supporters a sale can go through, an imminent transaction is highly unlikely at this time. A consortium led by American-Chinese businessman Chien Lee, a deal initially brokered by former chairman Paul Duffen, have not given up their pursuit of the club, although questions have been raised as to whether they can match the £130m currently agreed with GCPSL. Lee has not returned to Hull since his meeting with the Allam family on August 15, however he's not given up on concluding a deal, while another consortium believed to be at least in some part based in Germany are understood to themselves be some way down the line with their own deal. The Mail has had it suggested it is this group and not Pearson's who are currently in pole position to complete a sale. Read more: Takeover document shows sale agreed at £130m As they have been throughout the process, save for a statement from Ehab Allam in the match programme on August 27th which suggested it would be their last as owners, the Allam family remain quiet on the latest development in the takeover of the club. Read more at http://www.hulldailymail.co.uk/hull...9824333-detail/story.html#KeLlyUdtWWUcloPJ.99
Net debt in their last accounts was £139m, so they do have more debt, though they also have 20% more income.
So after weeks of nothing from the club, a well timed leak just prior to a home game to supress any protests.
The document referred to was hardly leaked .. it was placed on the HK stock exchange by a prospective purchaser .. showing their intentions so I understand .. however the real feelings of the fans should be shown on Saturday .. just to remind these ****wits they are no longer welcome
