He's also converted all his loans to city to bank loans, so has got his money back from there as well.
Selling for £1 would still mean a huge debt for the buyer.

If that's the case, not sure whether he has any plan?

City will have no assets and little chance of getting promotion and unlocking the Prem money again. Some players are always going to leave, but the trickle is fast becoming a flood.

I've supported both Hull and City all my life so would welcome Adam running the whole show, but can only see it if it was commercially viable.

He sold the this years tv money last year to an australian company and took out a big mortgage out on the training ground.

All the players with any value will/has been sold and they'll take in loans players where they don't have to pay the wages.

AP couldn't sort it out without massive investment, look at what championship clubs are spending on players now.

Give it 3 seasons and they'll be in league 2.

Given what some have said with respect to monies Pearson has put into the club he's still owed a fair bit no?
Would he and his backers want to invest in a soccer club that is being stripped of its assets that the business is dependant upon to make the money for the business?
Wouldn't that also entail taking over the SMC which has being riddled with debt on the back of the deliberate actions of the Allam's?
city look like a poisoned chalice right now and could potentially go into freefall.

Allam is assett stripping but I think his ulterior motive is to leave with a massive F you to all the fans and the city council for daring to criticise him and his family.

I don't think he'd sell at all until he's seen the club on its knees back in the bottom league.

Think that has always been the plan from the off once they realised they couldn't get the stadium and land around it for next to nothing and council refused to be bullied by the Allams. They then took another knock when the FA refused to bow down and let them change the name so unfortunately its inevitable what will happen.

It is just pure greed on their part and all about the money all the shizzle about it being a gift was a load of old waffle to make them look like saviours. even now some people still think they are the ones that saved Hull City but all they did was delay things and make it a much more painful demise.

They spit their dummies out when they don't get their own as they have shown numerous times, even the gate for supposed safety measures against terrorism is just an excuse to put out the good people of Hull who use that public right of way on a daily basis. Is a gate really going to stop a terrorist when they can still get to the stadium by going through west park? No it isn't, its just more fabrication and lala land speak.

why are the FA seemingly powerless to step in at cases like this and several others (blackpool, cardiff, leeds) when there is something fishy going on, given that they implement the fit and proper persons test in the first place?

They have got around £30m in in transfer fees from the players they have let go and the add on payments plus millions in parachute payments and spent zilch so far on incoming players and yet a few city fans still think they are doing the right things! Unbelievable really!

£47m in parachute payments next season and £38m in 2018-19

(Already used as loan guarantees.)

Must admit I've not heard any support for them now, even some of my most ardent City supporting mates have cancelled their 'membership' and will play it by ear next season.

I don't even think its greed anymore, i think its pure spite now they have got their original fee back and a hell of a lot more. I honestly think if they got a viable offer they'd turn it down just to kill the club off.

Will be interesting to see how low the crowds are by about week 6 of the season.

Bit of decorating in the KCOM South Stand https://twitter.com/_SprayCreative/stat ... 2408958977