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If we get relegated what will Mr Allam do?

Discussion in 'Hull City' started by ElTigre, Jan 29, 2014.

  1. PLT

    PLT Well-Known Member

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    Or ideally **** off and let someone else do it.

    Even if Allam came to his senses and did as you say, he'd just come up with something else to spoil everything in 6 months time.

    And they know that, so they will give it away.
     
    #61
  2. The Omega Man

    The Omega Man Well-Known Member

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    All of this talk about the KC being given away, makes it sound simple. It isn't and the fact of the matter is that as a development site it lacks infrastructure and as other sites around the city are more viable it is not an attractive proposition.
    To make the site viable you would need the retail park to be twice the size of St Sevens and at have at least two hotels. If this project was designed to fund a PL promotion bid fine, flog the development, but to sustain a PL club it's a non starter.

    The KC and Walton Street are not the key to future funding.
     
    #62
  3. Obadiah

    Obadiah Well-Known Member

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    The KC and Walton Street would be part of funding a Premier League team not all of it. The City Council are not going to give either away because it is illegal. The only alternatives are to sell or to work in partnership with them, which is what they told Assem Allam when they met.
     
    #63
  4. merchantman5

    merchantman5 Well-Known Member

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    He CAN NOT walk away without selling the club. Do you really think that Allam had £80+million sitting in a bank somewhere doing **** all. The money he has put in has been sourced using his other businesses as security. If he walks away he risks putting them in the ****.His own personal investment is probably no more than £10 million the rest will be loans secured against his businesses. All this crap he is speaking about walking away in 24 hours if he doesn't get his way with the name change is just hot air to frighten the fans and the FA, same as the **** he talked about moving to a new stadium if the council didn't give him the KC.
     
    #64
  5. merchantman5

    merchantman5 Well-Known Member

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    I think you will find we will have a huge external debt. Allam has funded Hull City through loans, very little will have come from his personel fortune.
     
    #65
  6. renegadetiger

    renegadetiger Well-Known Member

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    Excuse me? My opinion hasn't changed and I'm absolutely sure.
     
    #66

  7. ElTigre

    ElTigre Well-Known Member

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    Isn't there a possible scenario in which Mr Allam sees staying involved with the club after relegation is just throwing good money (ok more borrowing) after bad? He might prefer a big loss to an absolutely gigantic loss, if he looks into the future and feels the team could easily still be in the Championship after five more seasons.
     
    #67
  8. Boothferry2Wembley

    Boothferry2Wembley Well-Known Member

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    Can our glorious leader and benefactor the mighty Allam withdraw his application for the name change at any time of his choosing?
     
    #68
  9. renegadetiger

    renegadetiger Well-Known Member

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    They would be his debts, not Hull City's. The club owes money to Allamhouse. Where Allamhouse sourced that money is neither here not there.
     
    #69
  10. Obadiah

    Obadiah Well-Known Member

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    I'm sure he could. I can't see the FA insisting he carries on if he says I've a better idea for making Hull City self-sufficent.
     
    #70
  11. originallambrettaman

    originallambrettaman Mod Moderator Staff Member

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    AA could withdraw the application at any point, I'm sure the FA would be very grateful if he did just that.
     
    #71
  12. originallambrettaman

    originallambrettaman Mod Moderator Staff Member

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    Expansion of the KC is absolutely key to the long term development of the club.
     
    #72
  13. Boothferry2Wembley

    Boothferry2Wembley Well-Known Member

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    He would break the hearts of 377 osc members if he did, but apart from that it would be well received imo. I was thinking more if he didn't fancy it against the possibility of the mighty tigers getting relegated he might wish to withdraw it.

    On the same subject, do you think the FA could come to the conclusion that deferring the decision, (one year as an example) would be a sensible move?

    Does anyone think that would be a sensible move on their part?
     
    #73
  14. originallambrettaman

    originallambrettaman Mod Moderator Staff Member

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    I think that deferring the decision for another year would be bad for all concerned, it would just prolong the agony, but I do think it's a real possibility. I think there's a reasonable chance that the FA will use the lack of fan consultation and the refusal to ballot season ticket holders as a reason to defer a decision.
     
    #74
  15. Boothferry2Wembley

    Boothferry2Wembley Well-Known Member

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    Relegation would not be as bad as the FA turning down the name change. I would not expect anything other than an effort to make the squad stronger and try for a return to the top division in the case of relegation.

    I also do not expect the mighty tigers to be relegated.
     
    #75
  16. Boothferry2Wembley

    Boothferry2Wembley Well-Known Member

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    I concur with this^^^^ it would however give AA a face saving opportunity.
     
    #76
  17. merchantman5

    merchantman5 Well-Known Member

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    Well as Hull City is his club and Allamhouse
    is his way of financing the club I think your statement a bit stupid
     
    #77
  18. Obadiah

    Obadiah Well-Known Member

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    Maybe, but renegadetiger's comment is legally correct.
     
    #78
  19. renegadetiger

    renegadetiger Well-Known Member

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    I take your opinion on board.

    Actually, no I don't.
     
    #79
  20. NorthFerribyTiger

    NorthFerribyTiger Well-Known Member

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    Allams most recent plans were for retail development within the design, no longer a sports village more a retail park with arena
     
    #80

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