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hullphil

937 posts
First used 09/01/17

Group
Hull City

#1
16/12/2018 at 12:42

.... is duff!

He's no better than the current incumbents....

All hot air and big ideas....  

Keep it, don't hoof it... 

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NationalTiger

Administrator
First used 09/01/17

Group
Hull City

#2
16/12/2018 at 13:24

Actually, I've been hearing the Allams have supposedly been playing them off.

Pay a million upfront or we deal with an alleged other buyer.

Duffen's called their bluff apparently... aside from feeling the club is vastly over-priced now due diligence has been completed.

Not withstanding the consortium doesn't have a pot to piss in, like... 

Now then... 

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Driff_Tiger

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8426 posts
First used 09/01/17

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Hull City

#3
16/12/2018 at 14:02

Seems that isn't the case. Consortium (understandably) wanting assurances, presumably from council, on development potential. At last a bit of insight.  

The fish rots from the head #AllamOut 

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RichardCheatham - City AFC

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7356 posts
First used 09/01/17

#4
16/12/2018 at 14:24

It’s only ever the land the overseas investors are interested in. The footy gets cast a few crumbs while the energy goes into a Leisure/retail/housing complex that no one wants or needs.

Not that this is likely to be down that route though. Non-existent buyer haggling with a non-descript seller.

Allams don’t actually need the money. Duffen doesn’t actually have the money. Results in a bit of a void. Well, a lot of a void. 

Bunkers Hill - See you in the next life 

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essexgull

8980 posts
First used 12/01/17

#5
16/12/2018 at 19:07

What would one of the purchasers need assurances for?

All the land that the club is leasing is open for development application. The land next to the land which the club leases, is public land and so the council can give no legal assurances.

This is no different to when Duffen chaired the club and he will be fully aware of this.

Burns has been fed tripe to explain why the deal is not going through.


ESSEX GULL  

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potential

2280 posts
First used 09/01/17

#6
16/12/2018 at 20:01

Allan and the council conducting their land sale negotiations via the front page of the Mail could well have soured any development for those that follow.

A car park that is Hull Fair sacrosanct, a public park, and yes, the remainder is prime real estate. Ppppfffffttttt.

A penniless buyer being threatened by the non existent interested party. I think an aaarrrrrfffffff is in order. Ppppfffffttttt pah. 

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essexgull

8980 posts
First used 12/01/17

#7
16/12/2018 at 21:14

The lies get even more ridiculous. A millionaire Saudi investor puts a cash purchase of a football club on hold whilst he negotiates with Hull City Council to give him assurances that the 3 previous actual owners haven't been able to get...

And from Burns' same source that guaranteed to him that the Chien Lee consortium paid a £6 million cash deposit, which they then forfeited to the Allans once the sale collapsed.



ESSEX GULL  

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RichardCheatham - City AFC

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7356 posts
First used 09/01/17

#8
17/12/2018 at 09:54

What does it all add up to eh?

Not much.

Unless it’s a knock-down price to relieve themselves of the admin, this isn’t going to shift anytime soon. My take is there will be some house clearance in Jan. all the high earners will be sold or given away. If they can reduce the weekly losses to £25k someone might have a punt at it.

You’d need all of 5 mins to decide that HCC are not giving any land away for free. It’s a football play and not much of one at that.

I still think it’s heading for administration, after the January sales. 

Bunkers Hill - See you in the next life 

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karlberg

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2723 posts
First used 09/01/17

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Hull City

#9
17/12/2018 at 10:55

Quote Quote by RichardCheatham - City AFC on 17/12/2018 at 09:54
What does it all add up to eh?

Not much.

Unless it’s a knock-down price to relieve themselves of the admin, this isn’t going to shift anytime soon. My take is there will be some house clearance in Jan. all the high earners will be sold or given away. If they can reduce the weekly losses to £25k someone might have a punt at it.

You’d need all of 5 mins to decide that HCC are not giving any land away for free. It’s a football play and not much of one at that.

I still think it’s heading for administration, after the January sales.

They gave plenty away to Siemens.
Its a buyers market and the longer this drags on the stringer the buyers hand gets. 

link; www.finesse-internet.co.uk/the-best-trip/ (THE BOOK THE CLUB REFUSED TO SELL). 

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RichardCheatham - City AFC

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7356 posts
First used 09/01/17

#10
17/12/2018 at 14:14

KB. You’ve seen these people in action, cutting noses off to spite faces.

Under normal circumstances I’d say you are correct, but rather than admit they had to take a small bath on the price I think they’d prefer to say no one came good and they don’t want to subsidise the club to £5m a year, see ya.

The other thing that bothers me greatly is the lack of cash (apparently) available for future investment in the team. All very well getting it over the line but if they have to cut costs next week the club isn’t much better off.

Catch 22.

Hoping for the best outcome regardless. 

Bunkers Hill - See you in the next life 

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essexgull

8980 posts
First used 12/01/17

#11
17/12/2018 at 15:37

Duffen's consortium don't want to pay Allan's price.

There were additional costs once the purchase negotiation got underway - I don't know whether they are additional debt or maintenance costs. Obadiah probably has a better idea.

The press release, to me, is Alan tripe to paving the way to put the club in administration... The seller dropped out and we had no choice...


ESSEX GULL  

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potential

2280 posts
First used 09/01/17

#12
17/12/2018 at 18:06

Everyone who leaves in the transfer window will need replacing. At some time. Prospective buyers will see and know this.

Right here and now, they will be lucky to get the pound back that they paid for City. Let the discussions run and run as to whether they have got their money back over the years once they have gone. Whenever that may be, and no time soon. 

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Obadiah

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6475 posts
First used 09/01/17

#13
17/12/2018 at 19:39

Quote Quote by essexgull on 17/12/2018 at 15:37
Duffen's consortium don't want to pay Allan's price.

There were additional costs once the purchase negotiation got underway - I don't know whether they are additional debt or maintenance costs. Obadiah probably has a better idea.

The press release, to me, is Alan tripe to paving the way to put the club in administration... The seller dropped out and we had no choice...


ESSEX GULL


I don't believe there are any additional costs or hidden surprises. Duffen should be able to work through the accounts backwards and forwards. After all he used to run the club.

Duffen doesn't have the money and is only the spokesman for a group of businessmen. Its more than likely he hasn't got enough people interested to pay the asking price. Nothing sinister or complicated about that. If they do have the money why pay £40 million or £25 million when you can pay substantially less than that in February. Especially as its increasingly likely that Adkins will keep us up.

The Allams couldn't have bought any better publicity for the club being up for sale than they got today. The Council told the world they would be prepared to do a deal on the stadium and land if approached. That may well push the price up a little.

Alternatively Assem Allam decided to drop the Council in it one more time.

I find it incredible that the consortium doesn't know what land the SMC has, what the SMC's relationship with the Council is and what the Allams think of the Council. After all Duffen dealt with them for years.

There is no chance the Allams will put the club into administration unless they substantially increase the non-footballing debts and that should result in them being disqualified. if that happens I expect you and Sir Richard Cheatham to put in a letter of complaint to the Secretary of State for Business, Innovation and Skills. I can provide you both with the address.

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RichardCheatham - City AFC

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7356 posts
First used 09/01/17

#14
18/12/2018 at 05:14

Having read the HDM article I’m not sure the council has officially said it’s prepared to do a deal on the stadium

A couple of councillors have said they would listen to development ideas, so long as Hull FC and the Fair are not affected.

It falls in to line with the sale process per se, the square root of nothing. 

Bunkers Hill - See you in the next life 

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NationalTiger

Administrator
First used 09/01/17

Group
Hull City

#15
18/12/2018 at 18:37

Quote Quote by potential on 16/12/2018 at 20:01
Allan and the council conducting their land sale negotiations via the front page of the Mail could well have soured any development for those that follow.

A car park that is Hull Fair sacrosanct, a public park, and yes, the remainder is prime real estate. Ppppfffffttttt.

A penniless buyer being threatened by the non existent interested party. I think an aaarrrrrfffffff is in order. Ppppfffffttttt pah.


Listen to the man. 

Now then... 

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