New owner confirmed…

I don't expect them to pay any money in unless they absolutely have to. They have a duty of care towards the club and if it came to the point where financially we were in the ****, they'd probably do something about it, but outside of that scenario they won't put a penny in of their own money.

Which is fine by me, because if we can be self sustaining that's an incredibly attractive proposition for a buyer.

 

Norwich have absolutely done it the right way, they keep faith in their Championship players when they get promoted, only making additions where necessary and those players have built up a rapport. They tore Huddersfield a new one the other night, they already look Premier League quality.

 

Perhaps if I had deleted everything except the word "gratitude"?

No, I do not expect them to write off any money owed. Nor do I want them to, even whether or not this would facilitate a sale.

 

Wow, here it goes again, a mention of a possible sale and all the old comments and opinions come out. Of course, everyone is entitled to their opinions and state them on here so i'm going to state mine with no arguments afterwards.
Ever since the name change debacle they have been ****s and towards this great Club of ours they will always be ****s. It doesn't matter what we say or think on here they don't give a flying ****.
So my opinion is THEY...ARE...****S.

 

Reading between the lines you're hinting at them being ****s

 

I think KLP and Greaves need a season in the championship to show what they're made of before City can realise 'big' money for them, in the meantime we will definitely need to spend on the forward line. Don't know where that money will come from if not the Allams.

 

That just about sums it up yes

 

At the time of the sale, I have been told other parties were interested, and while conducting due diligence, Papa steamed in. Under the impression the major debt was 24 million ish to the Inland Revenue, from a conversation off the record, yes, we would sell the land, Plan A looked good. Having handed over the cheque, a discrete cough asked him to guarantee loans for a similar amount. The council laughed. The FA said no, and Papa declared the cheque book locked away.

Plan B? They are still here, owed 40 million, but seemingly self sufficient. Unearthing annually another Jarod Bowen would be ideal. The one thing they did get right was upgrading the academy.
Ah yes, the academy. Lighting and heating an enormous sports hall for a trampoline club and other oddball pursuits in order to provide a requirement of the upgrade. Unpopular decision, but necessary.
My biggest beef with them is, and has been from day one, no explanation, no reason why.

 

They didn't steam in, they were owed considerable money from the previous regime of which they backed. If the club had of gone tits up they would have been danger of losing it or getting a few pence in the pound back.

 

Income in The Championship is c£7m from The EFL, in League 1 it's c£1.7m, maybe the money could be invested from there?

 

Well, well, I did not know that.

Just how much did they stand to lose to fork out an immediate 20 odd million, and then discover a similar amount they had to guarantee? I have no reason to disbelieve your version of events, but there has to be a better reason than, they were owed money.

 

You don't get much for £7m these days though.

 

They maybe thought the club was worth saving as a gift to the community ?
The '£20m' cheque was cashed within minutes of it being handed over to settle many outstanding debts and in some cases unpaid wages. They only discovered a mass of other unpaid invoices after they had taken control..

 

We could probably donate that back to the Football League,we've got the never dwindling Jarrod Bowen money tree planted in Ehab's back garden.

 

Wow. Amazes me that some people now defend them.
I honestly could rip apart nearly everything stated in their defence.
Like Rover, I'm not here for an argument, I'm just stating my opinion, so maybe I'll just just pick a couple of pearlers out ...
-> Hasn't he (Allam) been quoted as saying he'll waive some debt to accommodate a sale, hasn't he said the price of the Club will be independently set?
Well, to start with, the club is still (alledgedly) for sale, yet other club after club gets sold. Odd eh? And when have you ever heard of an independent valuer coming in and setting the sale price of a football club? Come on, they have spouted all sorts of bolloxs, lies, threats, etc during the past 10 years. As the saying goes, 'how do you know the Allams are lying?', answer, 'because their lips are moving'. I'm afraid that's just how it is with them, as they've shown time after time after time. No, but honestly, we mean it this time! Yeah, rite. Does you or anyone else really honestly believe this bollox above? Really? Unbelievable.
Yes, next owners might be even worse, but I'm more than willing to take that risk. The club is, and will remain, toxic whilst ever they own it. We can hope it wouldn't be so going forward, but that's just plain daft. They've pissed off far too many people and too many times. I'll take my chances with whoever the new owner(s) is(are) and the club needs new owners to be able to move on finally.
->"if they were only here to rip us all off why would they have any plans for anything?" and "still funded the club during a sustained boycott and a pandemic with little income".
Nobody is saying "they are only here to rip us all off". Regarding still funding the club during the pandemic, what else do you expect them to do? Seriously? Just fold the club? That would be dumber than even the dumbest things they've done to date, and that's saying something. Why have they kept it going? Well, you answer that yourself when you say "they are here to make money". That's of course fine ... if they hadn't treated us all like idiots, with contempt, disrespect, feeding us bullshit, etc etc, which all continues right up to the present. They manage to keep funding the club, with minimal investment (which is technically incorrect, as they haven't net invested for many years), largely based on significant income flows from the likes of Bowen, Maguire, Robertson, which is just as well they have that income because they've been unbelievably successful at managing to pretty much obliterate every other income stream. Yes, they didn't have to spend anything at all going into this season for example. However, it's like a measured minimal gamble / investment by them as they 'need' to get the club back as high up the leagues as they can and they hope to unearth the next Bowen (which in one sense is also what we want, but on the other hand it just means the toxicity continues endlessly). They haven't unearthed some magic secret formula, although I fear Enob actually believes he has.
Meanwhile, we go unsold, year after year, whilst other clubs get sold. Go figure as they say.

Not looking for arguments back. Just my opinion.

 

Do you still invest in the Club(be that merchandise or membership).Once the lockdown is lifted will you be in attendance?

Or do you join the other long line of posters on here who revel in the glory of announcing that you've cancelled your membership and will put nothing in whilst the Allams are involved?
Just interested,nothing more.

 

I'm not privy to the details of Ehabs personal spending. But someone has to guarantee everything, someone has to put their own assets at risk. They openly said some years ago that the cheque book was closed after a lot of the protesting. The fans said they didn't want them so Assem said they don't want his money then. Now the club is self funded, and rightly so, if it were not they would have to keep bailing them out with their own money. You know what happens then ? Everyone thinks they are fleecing the club on the interest rates.
The Bowen sale has given the club a safety net when no -one could predict what was to come. It has also put together a decent squad that looks like it might get us straight back in the Championship, even as champions and that's something no City fan has seen for 55 years.
I just don't see any mileage in keeping up the us v them charade.
Lets move on.

 

Yes.
Yes.
No.