Hints of Allams disposing of City, not for the first time. Any nearer the end of their tenure, and if so the SMC debate starts again https://www.hulldailymail.co.uk/sport/f ... ty-1972383

Hints of Allams disposing of City, not for the first time. Any nearer the end of their tenure, and if so the SMC debate starts again https://www.hulldailymail.co.uk/sport/f ... ty-1972383

A fuller article here: https://www.theguardian.com/football/fo ... eague-blog

A fuller article here: https://www.theguardian.com/football/fo ... eague-blog

Quote ="Mild Rover"A fuller article here: https://www.theguardian.com/football/fo ... eague-blog'" Thanks MR. Is it strange that what comes across as the most sincere aspect of that is the commentary on the shape of the crest?

Quote ="Mild Rover"A fuller article here: https://www.theguardian.com/football/fo ... eague-blog'" Thanks MR. Is it strange that what comes across as the most sincere aspect of that is the commentary on the shape of the crest?

Yeah, that was a odd little tangent.

Raises the prospect of league 1 (division 3 in old money) with strange equanimity as well. I sort of see what his point when he says they’re not spending much to allow new buyers room to invest within the ffp rules, but it’s hardly surprising fans aren’t exactly applauding that ‘prudence’. For everybody’s sake I hope they find buyers soon.

Given their form for implying an imminent sale for it to be founded on next to nothing the comment that there's preliminary interest from a few parties hardly creates much of a story. What a weird saga it is. City fans must be either beside themselves or worn down to indifference.

A sale has been imminent for a long time now.
I’d imagine AP is still keeping a watching brief on things!

Interesting news today, Harry Maguire has signed a new 5 year deal at Leicester, making a move to Man U very unlikely, and with it the 15Million sell on clause the Allams were hoping for goes away, leaving the final Premier League Parachute payment in January as the last bit of good income to come in and little incentive for them to stay longer.

…. they'll just put the price up by another £15m.

The Maguire new contract could just be a ruse by Leicester to bump up his transfer fee. One thing the Allam's are very good at is extracting money for themselves and they may judge the best to leave a City they have bled them dry is before the Maguire money rolls in. Isn't it 15%, so though its huge by most sports standards the cut will be relative peanuts in the football world.

koucash is the rumour I've heard

Good rumour to start Jake. Could he be the one to finally unify the clubs?

A mate who is a city fan told me. Said it was on twitter

It's fairly common practice in football for a team to offer a player a long contract purely so that they can get more for his transfer in the next window. Especially when a team like Man United are involved, because you know they will stump up the cash if they want someone.

I'm not a legal expert, however I presume Harry M's contract extension will not affect the sell on clause. The extension will just change his personal terms and contract period.

Otherwise, if sell on clauses became null and void with a contract extension, all clubs would immediately offer a contract extension to a player as a loop hole of getting around the sell on clause.

Either way, as mentioned earlier, the Allams will most likely factor in this his sell on value in any future sale of City.

Its sensible business by Leicester to get HM to sign a longer term deal with the knowledge a club like Man Utd are after him as it ups the price when the inevitable happens. The sell on clause still remains so if any deal goes through and at a higher cost then Hull City get more money which is unfortunate as it may mean the Allams stick around a bit longer to drain the last drop of blood out of City.

SMC lose £1.9m in the latest accounts, and now owe "Hull City" £13.6m.

City made a profit of £23.7m in the same period.

Allams will go when the last parachute payment is paid they’ll squeeze the last penny out of it

I agree they will go in January

Only if someone is buying. Even after the next parachute payment there is still a big chunk of debt across the club and smc

I was talking to my brother in law who’s a massive city fan (he loves to tell me on CC final day 1980 he was at city) that they’ve taken upwards of 80 million out of the club during there time and could actually hand the club over virtually for nothing and that there not that interested in a sale as such

City currently owe the allams £63m and the smc debt is £16m with around £15 net transfer fees due and £30m or so in parachute payments left so they're far from repaid

Since the allams took over City have received at a conservative estimate about £500 million from the premier league and they haven’t exactly gone on a spending spree

… and their loans to city have generated a tidy sum in interest.

They've had nowhere near £500m. It was only in their 2016 season that the big money came in and in any case how much do you think they've spent on wages, transfer fees and other running costs in the same period?. Last season they actually made a trading loss despite the parachute payment and it was only transfer fees that resulted in the annual profit.
I'm sure the allams are levying interest and management fees but the fact remains that city and the SMC owe them a huge amount of money and he won't walk away from it

I'll be careful and state from the off that I'm sure that it is all within the letter of the law, but the one thing the Allam's have been good at is moving around money to ensure that the maximum moves to themselves and the minimum to anyone else, including the taxman. It's being very good to them and paper losses are good at minimising tax bills - look at Amazon for example.

Nobody's idea of benefactors to society.