Race to land Hull City hots up as three-way battle for power intensifies please log in to view this image The Chinese siblings hoping to lead a takeover of Hull City have attempted to revive their bid by restructuring their consortium, the Mail can reveal. Despite paying a £6m deposit to the Allam family as talks to take over the Tigers looked to be nearing a conclusion last month, the bid by brother and sister pairing Dai Yongge and Dai Xiu Li appeared to be dead in the water after encountering problems with the Premier League's Owners and Directors Test. Neither of the siblings were ever an issue with the league's routine background checks, with the hold up instead coming from a long list of additional representatives included in the deal sent for approval. Now, in an effort to wrestle back control of the takeover talks, the Dai family are attempting to press ahead with a newly structured takeover plan. Dai Xiu Li recently made it clear her interest had not waned since attending the opening day win over Leicester City. She said: "We still want Hull City and our ambition is to build the club and make it one of the strongest in England." please log in to view this image The end of the Dai's period of exclusivity, however, has since left the door open for City's owners Assem and Ehab Allam to speak with other interested parties. One, headed by Chinese American Chien Lee, made his intentions clear during a visit to East Yorkshire alongside former City chairman Paul Duffen last week. Lee, co-owner of French club Nice, was unable to reach an agreement with the Allam family before returning overseas but remains a key figure in negotiations for a club that has now been up for sale for two years. Duffen confirmed to the Mail last week that he was helping the Allams to find a buyer but his role in Lee's plans is unclear. The pursuit of City has been joined by a new face, with a third bidder in the shape of a consortium being represented by another ex-City chairman in Adam Pearson. The Hull FC owner is representing what the Mail understands is another Far East group. Pearson, who is keen to make a return to the Tigers for a third spell, has already seen his involvement with one interested party knocked back during the summer. Returning with fresh investors, Pearson is hopeful a deal can be done that would see him involved at City once again. Pearson, who was not available for comment when approached by the Mail, is understood to have entered into a confidentiality agreement with the Allam family, after putting another deal on the table to be considered. http://www.hulldailymail.co.uk/race...tory-29731011-detail/story.html#ixzz4Knx1AbdS
You'd have thought the Allams (going by the stories about their relationship with Pearson) wouldn't have wanted anything to do with him and his consortium but I suppose money talks.
Just stick it on eBay on a buy it now. The Allams will be absolutely loving this position. They now ultimately have an auction situation of selling to the highest bidder. The ****s
Three lots fighting over the club so I imagine the price will have gone up, have the Dai family lost the 6 million they put down if the don't win I would think so, the Allams look as though they have found themselves in a great position.