It's highly unlikely we'd go into admin. By the time we get next seasons parachute payments, we'll be a debt free club (hopefully). The Allams will just then sell us on for a small amount depending which league we're in.
Another important issue is the value of the clubs 'Golden Share' of being a member of the football league. That in itself is worth a tidy sum. So a league club with no debt but no stadium is is still worth millions of pounds. In essence it's the cost a new owner would be prepared to pay for a league club. Obviously the higher the league the greater the value.
I sometimes wonder if they ever think what an absolute hash they have made of their operations at our club, or do they actually still believe that they are invincible and have done nothing untoward.
I'll reword that slightly, 'I sometimes wonder if they ever think what an absolute hash they have made of their operations at our club, or do they actually still believe that they are invincible and have done nothing untoward from a club perspective'.
They look at it, that they are doing OK out of it, so for them they are running a good business ITO, **** everything & everyone else.
With the amount of dosh they are rinsing out of the club, I wouldn't think the word 'hash' is one that is in their vocabulary, on the contrary their ultimate goal has been achieved. Rehab will be knee deep in Polo ponies for the rest of his days.
The Golden Share of the Football League is worth relatively ittle as regards the value of a club to a buyer. Having your own stadium is more important, especially the lower you go. Interesting that if any company involved with the club is involved in insolvency, not just the company which has the rights to the club playing name, then a ten point deduction would be imposed, as came to light at Coventry years ago.
I'd have to disagree about the value of football league status - especially a Championship Club. Maybe we'll find out when the Allams repay the debt to Allamhouse and finally sell up. Unfortunately I can't see us being in that second tier when this happens.
Their aim is to take out as much money as possible, and also to punish the fans for questioning them. They’re doing a decent job of it so far aside from selling Maguire and Robertson too cheaply. There’s also the argument that spending a little more could have kept us up/got us promoted and made more money, but that’s a risk, and would also make the fans happy.
it depends on many factors - the name, the stadium, the facilities, the location, the current playing staff but most of all the timeline in terms of ROI. The same club with the same assets and debts will be worth less in L2 than in L1 and so on.
Plan A for Assem: Re-brand the club as Tigers. Later, as the Premier League commercializes further due to ingress of American and Asian/Chines investment, the name Tigers could be sold as a FRANCHISE Failed thanks to supporters and FA opposition Rethink... Plan B for Boy Wonder: Retrieve as much money out of club's finances; and to Hell with the city and council which bit the hand that tried to feed it (or, rather, stopped the Allams from making a fortune out of Circle/West Park/Fairground development)
Absolutely zilch to do with Football; nor with the City of Hull. "This is business and we are businessmen."
So, what is the value of football league status? Are we worth more to a buyer in the Championship without our own ground than we would be with our own ground in League 1? Charlton Athletic, with a larger stadium located in London were sold as a Championship club 4 years ago for £16 million. They are now up for sale again , including a new training ground they own, for £20 million. So what would someone consider City, with no stadium or training ground of their own, to be worth, even if debt free?
They manage a football related business. They do not run a football club. Their football related business is working well, for them.
