Now I know sod all about finance but wouldn't it be cheaper to buy the Club in Administration sooner than paying full price?
Merry Christmas. Thanks for confirming that any movements in the currency market next week will not make Hull City any more or less attractive to buy. One of my last rays of hope of a sale before Christmas has gone.
The full price for Hull City is a pound in or out of administration. The only question is how much of the debt to Allamhouse is paid with the rest written off. In administration any offer to buy the club must, in practice, include a payment to Allamhouse in respect of their debt. If it doesn't then the offer will be rejected as Allamhouse is the biggest creditor. The buyer would also be liable for all the football debts and the points deduction may well result in relegation and the loss of millions in TV money. The cheapest way of selling and buying the club with its current debts is by negotiation with the Allams rather than an administrator.
At the end of October, it was reported that the takeover was "in the final stages", even the Tour de France is quicker
Yet again it looks as if the dreams of many have led to more disappointment. Lets hope something does happen before Christmas. If I don't get back soon, I never will return. I dare say there are many like me who have that thought.
A simple question with a complicated answer as it comes down to who has the power and what are you negotiating over. CTWD tried negotiating with the Allams to keep our name but we didn't have to. There was another way to get what we wanted and that's the route we took. I may be wrong but I don't think anyone suggested boycotting the offer of a meeting with Assem at the time. If I wanted to buy Hull City I'd have no option but to negotiate with him. However I'd hold nearly all the cards. He wants as much of his money back as he can get. Hull City is a diminishing asset and its value will be significantly less after January. If we get relegated it will be worth even less. Time, like the Russian winter, is on my side. The only risk is he could decide to keep it or give it to Ehab. If he doesn't I could pick up City for many millions less than he initially wanted. A very good position for a negotiator to be. Especially when you consider the number of players who are out of contract at the end of this season. After City1904's post an more important question is how much money does Duffen's consortium actually have? It looks like its not enough to meet the asking price, whatever that is. If the Allams keep Hull City then someone will have to negotiate with them to try and get concessions back.
If Allams don’t sell, we will go down or go down next year, we are a sitting duck. Any promises regarding concessions are empty promises from them to try and save face, but non will come to fruition. Even if they did bring them back the attendance will continue to plummet below 10k and they won’t come back. People have had enough, the club will remain a shell unless they leave, which now looks increasingly unlikely.
Why does it have to be a case of them not having enough money? I think it's far more likely that they just refuse to pay over the odds.
At least one bidder definitely does exist. Given that Duffen is a known associate of Ehab's, it isn't beyond the realms of possibility that his mysterious consortium were invented by him and Ehah to try and draw out other bidders. Bearing in mind that the SportyCo bid was revealed only a day or two after the news of the Duffen one broke, it evidently worked if that was the plan.
I think its far to assume that they agree a price, either before or after due diligence. I can't see why Rick would tweet something like its D-day but I'm not holding my breath.
I think the only card that the Allams still hold, other than the actual ownership of the club, is what was explained a while ago about the almost unique (?) position the club is in in terms of headroom for investment within FP rules? I might be wrong, but I think the margin of that headroom will diminish in coming seasons. Other than that, the potential buyers would seem to now hold all the cards. It would seem logical that they are therefore working to extract the best deal they can. I hope they are making the ****s squirm. But still hopefully get the deal done before the January window opens.
Is there actually a bid? Or just pie in the sky? The whole sporty co thing seemed so far away from anything plausible it might as well not exist. Could even be one of Eham’s evil minions.
The sale price was likely agreed in US Dollars in the first place so movement of the GBP will be irrelevant, just like us fans eh Ehab.
Agree, think lots of people who have stayed away will have found other things to do with their time on match days and some may actually prefer whatever they are doing now.
