New owner confirmed…

But if they’re paying themself nearly 2 million a year and have had it ten years???!!

I don’t think anyone knows how the Allams do it, if they do please explain,
I distinctly remember an “expert” on CI confidently stating they would have to sell or lose it all in about 2014/15 convert to shares or something but either way it was tits up for them.

and they’ve managed that on a rapidlydeclining fan base!

 

So they’ve had that 40 million easily?
He had one view think it was another one.
I always argued with him that we’re dealing with accountants and they’re like bookies
They don’t lose
Or not often.

 

Maybe this is why we’re an attractive proposition but the allams are too paranoid of someone else getting it and really running with it?

 

I know people don't agree or see it, but us not owning our ground and surrounding area, really isn't helping us at all, potential owners will have no income from other sources ( unlike Sunderland for example who I use because they have just been sold and make very good money from the land around their ground ) or potential to develop said land. The previous reluctance from the council to sell and or help develop the ground and or surrounding land is another potential red flag ( yes we all know the reasons, but it's more potential risk for new owner that council may so the same again if there is a disagreement ). Investors aren't buying football clubs as hobbies, they want to make money and our situation makes that very difficult. When there is other clubs for sale which don't have our issues and have bigger fan bases etc.. you can see why they get snapped up over us. Look at Hull city AFC as a business / investment proposition as apposed to a fans / hate the Allams position and we just don't make sense.
The fact we have an absolutely piss poor training ground, youth at a completely different facility which we don't own etc really isn't a Greta help, potential owners have very little to borrow against ( if that's the way they wanted to fund things ).

The price was and still is to high, but again look at it from the allams / a business POV, it's their family money, why should they walk away just breaking even. If we had borrowed from a more traditional source then they would expect their capital back as well as the interest. Add in now the world we live in thanks to COVID, I think we just have to accept we will be stuck with them for quite a while unfortunately as nobody will buy us for the current asking price and the allams ( at this moment ) drop it and lose some of their money

One very positive point from it all though is we are in no danger of admin, financial ruin or debts being called In etc because the only loser in that would be the family itself.

Role on the usual barrage of "I'm an allam apologist" etc... But it's just the cold hard facts of it all. Looked at from a non blinkered viewpoint.

Hopefully I'm wrong and the Allams are gone ASAP

 

No, there's no conjecture or assumption. The situation at present, as has been the case for at least the last three years (which is how long I've been asking), is that the "sale" is passive and that they are waiting for people to approach them. In their minds, they've laid out their terms. As far as I know there isn't anybody facilitating the promotion of the club to prospective buyers. They tried it with that kid and failed, so I don't think it'll happen again unless something really forces their hand.

The price has been lowered, but to tag onto the for sale sign thing, it's the equivalent of writing your own for sale sign and putting it in a single window at the KCOM. Yes, it is for sale, but there's minimum effort to force one through. There's money owed to them, so they aren't in a position where they have to be active.

 

It feels like Grimsby fans shouted "Fenty out!" on Radio Humberside and Twitter for a couple of days and he left.

Shows how stubborn the Allam's are.

 

Neither did any potential buyers obviously

 

I stand by my postings.

What you appear to want is an owner who gives and keeps giving without taking anything back.

 

Bet Fenty can't believe his luck.

 

The gift was that they saved the football club, I never for one second imagined he would be throwing £40m at the club for free. When he said "Hopefully, with my business experience we can get the club running on a different basis. We are not going to milk the club.", I thought it was an odd statement because it's not normally something you have to announce.

 

Apparently not this year, but Curtis Woohouse has got an OBE.

 

Well done Curtis. As for Allam, hard luck, but the 'rumour' was just in my head (plenty of room) but it got a reaction.

 

I assume not for services to Football?!

 

As if we're actually closing in on 1000 pages on this thread.

Complete insanity.

So here's a tune that's a huge one to my generation. Mainly because it's the only one I can think of with 1000 in the title.

 

Oh come on, that's not the best version by a long shot...

 

That's not even Terry Crews' best version of the tune...

 

No true. Though how anybody can top Tom Holland's Rhianna is beyond me. Smerch's one was brilliant.

 

That Tom Holland performance is the best thing that show has ever done.

I'm so ****ing glad he's Spider-Man. He's absolutely perfect.

For the less enlightened: