That's what I was thinking (bit in bold) .... until this window closed. I don't see a) how they'll now get the gift, err debt, down as 'low' as £25 mill, and b) how they'll get anyone to pay even £25 mill in a few months time. We're losing money, the team continues to go backwards, peak value of the likes of Bowen, Grosicki and Henrikson is passed, etc. I honestly don't see a way out of it, for them or us.
Here is the sole reason the Allams will never sell City. "Since 2011-12, the first full season with Assem and Ehab Allam in charge, City have now paid out £21.9m in net interest" £22 million straight into their pockets for doing nothing. Easy money & the only reason they ever bought City, to make money & whilst the debt(which seems to remain at £50 million no matter how many players we sell or parachute money we got) remains & they can keep charging City 4% interest per year, we are stuck with them. City up for sale, rubbish. Never has been.
You're ignoring the fact that the club is now, for the first time, trading at a loss with no prospect of reversing those losses.
Flog Bowen in January and add in the Maguire money and they've hit that target, the only issue is the staged payments.
He's also ignoring the fact neither of them get a salary. The 'doing nothing' remark is nonsense, I imagine running a football club is quite a lot of work !
Yes, again, that's what I thought. As you yourself just posted, "You're ignoring the fact that the club is now, for the first time, trading at a loss with no prospect of reversing those losses". Each week that has been going by, and continues to go by, they are having to fund (subsidise) the club, meaning the debt is now increasing week by week. The earliest we can now sell Bowen is January. I may be proved wrong, but I believe his peak value was reached during this summer's window; we'll likely get less for him the nearer it gets to his contract expiration. They could have sold Bowen, Grosicki, Henrikson during summer for decent money; not figures the Allams probably wanted, but still decent money. Together with the Maguire & James money, the debt might well have gone as low as £25 mill (but who knows with the Allams). My understanding is that staging of contracted payments is simply a cash flow timing issue, and can easily be factored into a sale. With the almost certainly reduced value of those players, and that is IF they can be sold (a big question still), plus the losses now accumulating, I can't see the debt dropping to near £25 million. Even if it did, I still don't see anyone paying even £25 million for us.Post January we will likely be an even less attractive proposition.
The BIG problem on the horizon is potential relegation, the value of the club will plummet significantly further should that happen and even if £25m was then the sales price over the door, we would be back to square one in that the selling price would most likely still remain grossly inflated yet again albeit at a lower level. There lie the problem with owning a football club, without investment and little prospect of success on the pitch you are in essence in a downward spiral with little prospect of reversing, and as the Allams have stated they will not 'invest' a further single penny. For me the best time to optimise their sales price, given the best time to sell has long gone, is to do a deal this season trusting we are not staring relegation in the eye! I fear that with these owners, whilst they will always cut their cloth accordingly to minimise any risk to the club itself (whats left of it), and credit to them for that, I can't see any light at the end of what has already become a very long tunnel without a sale. If they haven't recognised that, then they are commercially naive.
I reckon they'll hang off till January,punt whatever's worth punting,then get what they can for the club and go!! Their 'gift' to the people of Hull has been a successful operation in filling their bank books and causing a massive rift between club and supporter. The sooner they're gone the better and we can commence the 're-build'!!!
Also included in this years accounts is the note, "not a going concern". Papa long ago declared the bank of Allam closed. As others have pointed out above, Bowen is the only likely big money sale. Unless another nugget is unearthed, the clock starts ticking on papa having to put money in, rather than receiving the annual interest payment cheque, the day Bowen is sold.
Is the comment in bold true or a joke / whoosh? If true, then they are trying (ermm?) to flog something that officially isn't even a going concern for a vastly inflated, totally unrealistic, never to be achieved, £50 million (I know it's not the value, it is the supposed debt outstanding to them). #fooked
Not a joke or whoosh. The same note to the accounts was there last year. But which club, without owners pumping money in, isn't a going concern?
