Why wait for 2/3 years when they could pocket a very good profit now and walk away? I think it's more about not quite wanting to let go? Power crazy bastards!
I said during the failed US buyout that, while it was obviously genuInelly being worked on, I thought that the Allams were at the least happy for the sale info to be getting discussed publicly and at most were actually supporting the info being leaked because at the time because it was a distraction from protests and meant lots of people would stop protesting regardless of whether it went through If that was the thinking then it certainly worked I'm not suggesting that they don't want to sell, but I do think they are still happy for lots of owner talk so protest don't re emerge Which means I can that I can't decide whether the current silence is a good or bad thing!
Relegation caused us to lose £20m and required a £20m increase in our borrowing, I can't believe some people still think there could be a financial benefit that comes with relegation.
So why haven't they sold quickly? I've read experts on here and ci telling me three years ago they had to do this that or the other financially yet they just keep rolling along. Never changing.
We should all talk to the cabbie's ,snooker hall people,aunty and family friends and find the whereabouts of Dr Emmett Brown and Marty Mcfly, Get them to go back to the time Allam was entering the country and get his entry refused ,failing that make his business a non starter. Simples. We only needed to think about it to find a solution
Perhaps they've only received one acceptable bid? Which was the one the PL rejected. I'm pretty sure the club is little but a big ball and chain round the Allan's necks, they'll almost certainly want out as much as we do, particularly now the club is around the peak of its value.
Here's my best guesses: First they don't want to be left with the SMC. Hull City has lent the SMC over £11m since the Allams took over. That is on top of the rent which is around £4m a year. The warranties for the stadium have now expired which means any major repairs have to be paid for by the SMC. The user agreements mean the rent is effectively fixed for Hull FC and City. So without Hull City lending the SMC money it has no obvious source of funds. Any bid that doesn't include the SMC is likely to be rejected. Unfortunately any perspective buyer would quickly realise they would be financially better off without the SMC. Second, they want their money back. Which means any bid must be at least £77m. They could hold out for more on the assumption Hull City will be a Premier League team next season. Third, they don't have to sell. They may like to have their money back but they don't need it to fix the roof of Allam Marine. So they can wait until their get their asking price. So the merry-go-round continues. Whoops forgot to add, things have changed. The base of support for Hull City AFC has been eroded during their tenure as reflected in the income figures for last season and the Chelsea attendance. Whilst it may pale against the TV money it does have a depressing effect on how Hull City is seen locally, nationally and internationally.
