New owner confirmed…

Correct.

He did the right thing by the club by walking away. Before he could plunge the club into a total financial quagmire.

No, no, please do not hail him as some sort of transfer guru. He paid a fair price for the players he brought in. They were sold a year after his departure. The real factor in the explosion of the fees received from sales was the new broadcasting deals. City received more for being relegated that season, than manure had the season before for winning the title. That is the real secret to the all hail Steve Bruce transfer guru.

 

You watch a lot of league 1 then?
Go tell Sunderland

 

I'm comparing it to the times we have been in it.

clearly.

 

I am unsure how to reply to four funny face thingies. Do I put five in reply as a sort of call and raise you?

 

For a min I thought that sign read “Exit Allam”

 

As for Financial Genius they should have sold the club when it was in the Premier League and worth over £120m not £30m plus £20m if we get back there.
That's a loss of £70m to £90m in my book

 

Clearly not clearly at all.
Great memory tho.

 

Wow, a balanced opinion. Where's the outrage?! You'll be getting called an apologist soon.

 

They did, to the Dai's for 130m. The premier league knocked it back after the Allams had cleared their desks.

 

Even that is the Allams' version of things and isn't really supported by anything other than their word.

Assem Allam turned up at a supporter's funeral and gleefully announced to anyone who'd listen that the takeover was off because of the fit and proper person's test. Burnsy was there and reported it. The Premier League never announced that they'd blocked the takeover or failed the new owners. As I understand it there was a hitch with one of the members of the consortium, and when that was raised by the PL that was it, deal off. It didn't have to be a fatal hitch. The Dais later bought Reading.

In any case, the Dais were never the only people interested and the Allams could quite obviously have got more for the club by selling it while it was in the PL, before they shrunk it to what it is now.

 

It was supported by the premier league, and the BBC at the time. Its up to the Dai's whether ir not it was a fatal hitch and whether they wished to proceed without that member or turn elsewhere. The Allams don't control their consortium.

 

It's whether they could get the 130m investment (as it was at the time) back. You seem to expect them to have sold at a loss of potentially tens of millions which was never going to happen - whatever Assem's hyperbole was at the time

 

Was it supported by the Premier League at the time? Genuinely, I'll be surprised if you can find any record of that.

It isn't up to the Dais to determine whether it's a fatal hitch if the Allams pull out because the F&P test has spooked them.

 

It wasn’t

 

Maybe best ask our ITKers about it then. There's more evidence that the Dai's deal was done than it wasn't. Did the accounts show the non refundable deposit that wasn't returned?

 

I'm not saying there wasn't a deal agreed or a deposit paid. It's just the bit where the PL completely blocked the deal that I don't think is true.

 

Do you think the Dai's would have been content for the Allams to keep 7m of their money as a result of the Allams ****ing them around or do you think they might have gone to court?

 

It's a good question and I've no idea. I imagine it's possible that the Allams were entitled to pull out in that scenario under the terms of the agreement, or maybe the deposit was even returned.