http://www.chinadailyasia.com/leaders/2016-06/27/content_15454598.html Interesting read on the potential new owners he owns 3700 hotels worldwide
See section 'Light Touch'. OK, so I can sort of get Nice. The big question then is ... why the hell Hull!!
A City crying out for investment? Maybe they buy football clubs to also get there foot in the door so to speak with regards to property development, they touch on it in the article i linked
Great so we are going to have another owner who does what he wants,,, I mean read the freaking rules man your only allowed so many hotels on a property.
Very clever that... a Nice pun with depth. Chien is French for "dog". He's after Seville FC...a city in Andalusia. He probably owns a few Dali paintings. Bunuel's famous film (with Dali's involvement) was called "Un Chien Andalou". City are just a stepping stone...he'll rename us "Hull Jackals" after our keeper's performance tonight Greatest (most fearless) bullfighter ever came from Andalusia ..."El Cordobes"...
Lets hope that if he does biybthe club, he goes about developing the ground/academy/locality properly by, y'know, actually offering money to the council for assets rather than demanding them. Tbf, if this fellas lived in the states for 30 years he's probably dealt with bigger fish than HCC. I'd imagine they'll absolutely cream themselves at the prospect of a proper investor moving into the city. Bond St dept store into a budget hotel anyone?
So we know that the Hong Kong/Chinese lot agreed to pay £130m. HDM (or Burnsy, can't remember) at the weekend said that Chien Lee's consortium weren't prepared to go that high but were credible bidders. Now Burnsy thinks Chien Lee's consortium are the preferred bidders. Assuming all of those understandings are correct, how do they become 'preferred' if they aren't offering the silly money that the HK/Chinese lot are?
Maybe its the value of the club that has dropped after recent results or its how and when the payments will be received
Probably because it keeps the plates spinning a little bit longer. Next week the preferred bidder will be John from Hendon. Either that or there'll be another positive spin press release within 48hrs of a planned protest.
The terms that the deal will be under could hold the key to that. I do not think that any of the bids are for full cash up front deals. Sometimes less is more. If for instance the Chien Lee offer includes some partnering in future developments, both here and abroad, would that be a better deal than simply selling for the highest price.