Quote ="WormInHand"I've been pondering this scenario:
Allam wants to sell City. It's a difficult market and few are interested and the SMC is a further ball and chain which future buyers don't want. He can't spell City without the SMC as he would be left holding that putrid baby - the SMC is completely unattractive as a lone company.
He has to get rid of the SMC whilst retaining what he's owed from it (anything between £4-£6M if estimates are correct). He offers to sell it to the council for a pound. Refused.
So he creates a situation where the council are forced to intervene. I think he hoped the council would step in and take over the SMC debt and all. I don't think he's expecting they can terminate the lease - he seems from the letters we've seen to believe he has adhered to the terms and is legally compliant. We all know his pig-headedness and self belief even when confronted with all evidence to the contrary. He probable has top-class lawyers who he believes can make this stick.
It's up to the council to prove a breach. If he can get away with it the council cannot terminate the lease and cast him adrift owing himself money. But they would be pressured by the furore to seize ownership, thus undertaking the debt too. Allam is remains a massive creditor in this situation and it's a win-win for him.
It's a crazy bet, but is this the way he's thinking? Like Mrs B, I can't see what his strategy is in all this if not something along these lines.'"
I personally am really beginning to wonder if he actually wants to sell City. A premiership football club is not an unattractive proposition. The billions of pounds sterling that are flooding into the game makes even a "modest" purchase of £60 - £70m recoup able. That pays off Allams loan to the club and he disappears. The SMC and a relatively small debt (in the circumstances of prem football income) could easily be added to the cost of buying City and a nominal fee of £1 buys the SMC by the council or even Adam. Hell I'd buy it for a quid debt free.
The mad doctor gets his cash, sails off down the Nile and we and all sports fans in the East Riding get on with enjoying our clubs on field activities.
I maybe looking at this in a very simplistic way, but I'd guess buyers are queuing up ordinarily to buy Premiership clubs. Even when they are relegated next month
they will still be a very attractive proposition.
That's what makes me genuinely feel he has no real desire to flog city.
they will still be a very attractive proposition. 
