There's far too much criticism of Assem Allam; he's beyond question as a businessman, he doesn't make mistakes, he will show us all the way forward. He didn't recognise a greaaaatt opportunity, craftily plonked, no, not plonked, cleverly introduced to him by his once trusted friend, Adam Pearson. He simply wanted to be good to us all, he's our friend. There were deadlines, there were opportunities, but there was due diligence to be carried out by this model of business leadership. All debts, liabilities and risks were unearthed, measured and taken into account, weren't they? Allam was just plain old unlucky, in that he overlooked the HMRC, the most merciless - well maybe not, they want their money - and very accessible debt likely to be somewhere about. Let's blame the HCC, as some do; no way would Assem have made a snap, opportunistic business decision. No way would he have expected others to do his, the benefactors bidding, would he? Never, ever, since those heady days of the Pearson and Allam self-appreciation society have we seen them twist with each other, deceive, lie, manipulate and generally treat others with utter contempt - sorry, you could substitute customers for others. I've read some proper bollocks on this thread; even half-hearted excuses for the miserable old **** are an utter disgrace. He is nothing more that a self serving, manipulative ****. His son is only clever enough to be a ****.
The Inland Revenue issued a winding-up petition. The petition was to have been heard by the court just after the sale. The court may have adjourned the petition to give City more time, it may not. That, in my view, is irrelevant. If there was no buyer then Hull City would have been put into administration. All irrelevant as Assem Allam bought the club. Hull City was insolvent either way. I think he expected to get the freehold of the KC for nothing. I believe he would have sold us as soon as he got the freehold and made a tidy profit. Like DMD said (I wonder who told him) he had a buyer already lined up.
Naive about sums you up. HMRC debt will be given every reasonable (reasonable is a key term in your world of legalese) opportunity to be recovered. Deals could / might have been done and we might be no wiser. One thing's a fact, close is open for interpretation, near is closer to what might be, hmm is somewhere in the vacinity.
I'm not sure how to read that paragraph. Is it English? It is in HMRCs gift to negotiate to make sure it gets something rather than nothing, so deals are always open. That doesn't change the fact that without a deal we were bust. So I am not sure which bit I got wrong. Calling in a debt is saying do something now or we will.
