The Third Meeting.
- Thread starter Chazz Rheinhold
- Start date
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There's a great deal of discussion here, about something that's unlikely to happen.
There is unlikely to be a terrorist attack on the Kcom stadium, but somebody put a gate up. Just in case like.
I would prefer to know the legality as opposed to the likelihood.
There's a great deal of discussion here, about something that's unlikely to happen.
I'm still going off the words of Geoff being worried about Assem's "threat" after meeting two and hell hath(ing) no fury like an Arab scorned.
But it's inter-group debt. So it is a £13m asset in City's accounts and a £13m liability in the SMC accounts. Therefore the effect on the overall value of buying both companies together should be nil.
There's a great deal of discussion here, about something that's unlikely to happen.
More likely than us finishing in the top six which someone predicted on CI before the start of the season.
All the debt is currently to the Allams, making neither administration or liquidation at all likely, not unless they fancy not paying themselves.
If they can transfer the debt to an outside lender, then there's a bigger problem, but they haven't, so there isn't.
You keep posing 'how long is a piece of string' questions, there is no answer to them, we'll just have to wait and see what happens.
Time will tell and all that.
You don't have to reply if you do not wish to but seen as you are here, Do the trust still have ambitions to buy the club?
Also, how is the FC Barca East Riding project going? (Asking for a friend)
The Trust never had any ambitions to buy the club.
I've no ****ing idea what the FC Barca East Riding project is.
presumably it makes it easier for him to trouser the money out of Hull City Tigers if they're in profit rather than transfer it if they're not - presumably by leaving the debt in the SMC he can claim that he ran HCTL at a profit but was saddled with the SMC - maybe he then sues the Council for that debt or maybe I'm talking bollox
That £13m in HCTL debtors enhances the football club's position but in reality the SMC is never going to pay that back.
When the Allams talk about wanting their investment back we should be adding the SMC debt to City's debt and using that figure as the 'valuation'
less any external debt (the Aussie bank mainly). Although a chuck of that was paid off in August.