The Allams will sell when the price is right. Until then they will remain as owners. Personally I think they'd like to sell but two things stand in their way, the price they want and the SMC. Some of the potential buyers realise what a mill stone the SMC is and want to leave it with the Allams, the others must be baulking at paying £130 million for Hull City, especially after the last month or so. A boycott isn't going to force them to go, the best it would do is force them to the table and that is extremely unlikely. They have £70 million of their own money invested in Hull City and they are not going to walk away and leave it. Crowds of 5,000 might be embarrassing for them but not embarrassing enough to walk away £50 or £60 million the poorer. I know its an unpopular view but unless some one comes up with a surefire way to make them walk away leaving behind they millions of pounds they have lent the club, the only real alternative is to try to sit down with Ehab and find a way out of the current mess we are in. The alternative is the slow death of our football club as they can't sell it and the cancer amongst the supporters eats away at our foundations. Do we really want to go the way of Blackpool. Great protests, yes, but have they succeeded in getting rid of their owners? No.
All the deals so far have fallen down on one thing and one thing alone. Cost. They're simply asking too much money.
If there asking to much money its greed alone. Anyone who thinks a football club is a viable money maker is stupid. An normal sane person would sell the club for what the debt is, because the way its been run and in its current climate its a ticking time bomb. The major question is what is the club actually worth? 80-100 miilion?
They are now, but one previous deal fell down at the Fit & Proper Test stage, it wasn't money... ...though they'd probably have tried to get another 50 mill out of them before the deal got much further, obviously.
The deal initially fell through due to failing the fit and proper person test, they could easily have applied again with the offending party removed, but were unable to, as the fixed term of their agreement had expired and the Allams immediately upper the price by £25m due to other interest.
I've seen you post this before, but clearly not enough people are aware of this stuff going on. As ever with the Allams, it's all underhand and secretive, making sure people don't hear about the worst things they're doing. Now that the local media are starting to be more candid about the situation, I'd love to see someone really blow their cover and expose it all.
I know you cannot answer this as no one can even the Allams themselves. Are they no afraid of us getting relegated and them losing at least 50-60 million straight away never mind the amount the club has loaned off them? If Phelan bails them out and keeps us up, he deserves a knight hood and ten times the amount hes been promised.
This must be the nightmare for them, and the main reason they need to sell - should we be relegated this term with the Allums still in charge, with no wily manager in the SB mould to give hope of a quick return and with kind of crowd apathy that we haven't seen the like of since our days at BP we would almost certainly go into terminal decline. The Allums are the only ones who can prevent this happening.
I can't figure out if Assem's out the picture again and dipshit Ehab's busy ****ing things up on his own, or the pair of them are just clueless and have completely misread the demand for the club. They really need to shift it before the window opens, or they risk never getting their money back.
I can see that happening and we get stuck with them for the next 10 years....well Ehab anyway! If we do get sold around Dec/Jan I bet it won't be much over the £100m mark...as the new owners will have to splash some cash on transfers to keep us up. If they get more than that then they really are more lucky than smart.
Of course they are, we'd have been sold by now if they weren't. As I said they'll sell when they get the price they want. The more the pound falls the more the price will go up, especially if they know the purchasers are buying in dollars. Knowing that doesn't really help us much though does it?
How would you propose fans sitting down with Ehab to try and find a way out of the situation? I can't see him wanting to do that in a million years
My point was, that nobody has cited the SMC as a reason for pulling out, only the price. The pound has stopped falling, in fact it's recovered a few percent in the past week and we've taken a few pastings, which obviously knock our value.
Sooooo are there any bids still on the table? Which other consortium have walked away? The dai's and pearsons?
The Greater China Professional Services Limited bid is the only one we know for certain is still active, but nobody knows who they actually are and where the money's coming from.
