FORUMS > Hull FC > Sale of Hull City and SMC implications |
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| £100m price tag for City. Nice profit if achieved.
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| Quote: Mrs Barista "£100m price tag for City. Nice profit if achieved.'"
Seems about right, that is how much those Americans have just put into Swansea, similar size club and they don't own their ground either. Be interesting to watch them seen as Ospreys play at their ground, see how they get treated.
As for city, I will go start counting my coppers in my piggy bank
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| Quote: Mrs Barista "£100m price tag for City. Nice profit if achieved.'"
Will Ehab pocket the 170 million for going up? Is that doled out in stages or has it to be used for specifics. Allam always claimed to have put over 80 million into City, if true, they're are making a lot on any deal.
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| Quote: Armavinit "Will Ehab pocket the 170 million for going up? Is that doled out in stages or has it to be used for specifics. Allam always claimed to have put over 80 million into City, if true, they're are making a lot on any deal.'"
Indirectly he might, I can imagine the initial payment may go towards paying off debts the club owe to whatever company Allam used to loadn the money (£70M+wasn't it).
Interesting that the Kraft family who own the patriots are heavily linked with City, they based their sporting business model on stadium ownership and used this to acquire the club and grow it, think they own the soccer team who play there as well. Wonder if an owner like that came in if they would want (try) to buy out Pearson as well as the ground to replicate what they have in New England.
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| What happen to the 40million pounds gift to hull city no strings .I gather he wants that back now with 100millon price tag ,never trusted the the man
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| Quote: barham red "Indirectly he might, I can imagine the initial payment may go towards paying off debts the club owe to whatever company Allam used to loadn the money (£70M+wasn't it).
Interesting that the Kraft family who own the patriots are heavily linked with City, they based their sporting business model on stadium ownership and used this to acquire the club and grow it, think they own the soccer team who play there as well. Wonder if an owner like that came in if they would want (try) to buy out Pearson as well as the ground to replicate what they have in New England.'"
Is this where the rumours about AP being involved come from. He would be the ideal man to run the SMC plus oversee the Kraft ownership day to day running of both clubs. If so, I'd be happy for a sale of the stadium.
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Is Hodgson the new Griffin, or is it all about pace?: |
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| Quote: coxysbaldhead "What happen to the 40million pounds gift to hull city no strings .I gather he wants that back now with 100millon price tag ,never trusted the the man'" Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.
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| Quote: Hessle Roader "icon_lol.gif
Tangled yarn!
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| Quote: ccs "Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.'"
More of a gamble than an investment with football at that level, innit?
He's won, more than earned a return. Tbf the stakes, risk taken on, and the mechanics of any sale means that 4% is really neither here nor there.
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Is Hodgson the new Griffin, or is it all about pace?: |
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| Quote: Mild Rover "More of a gamble than an investment with football at that level, innit?
He's won, more than earned a return. Tbf the stakes, risk taken on, and the mechanics of any sale means that 4% is really neither here nor there.'" A bit different from a gift though, innit?
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32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Quote: ccs "Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.'"
Absolutely shocking return on £50m+
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Is Hodgson the new Griffin, or is it all about pace?: |
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| Quote: Jake the Peg "Absolutely shocking return on £50m+'" He chose to invest in a football club, so was taking a risk.
If his £50m was a gift, he'd have lost £50m before making any sort of profit on his investment.
So how do you invest your millions?
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| Quote: ccs "Every penny city received from Mr Allam was a loan, costing 4% per annum, not a bad return at today's interest rates.'"
Not sure what's gone on really. Says he's put £85m in. If all a loan over, what, 5 years, that's £17m in interest. Then selling for a £15m profit. So cleared £32m? Can't be right?
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| I have absolutely no problem with him making a profit.
FFS but for some miracle working by Bruce ( twice ) some major investment in the transfer market ( much of which failed ) and a fair degree of graft & luck he would have waved bye bye to every penny.
Premiership, Cup Final, Europe massive for the fans & the city. Real shame he lost the hearts & minds last year but overall he has been really positive & nobody should begrudge him a reasonable return on his money.
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| Quote: ccs "He chose to invest in a football club, so was taking a risk.
If his £50m was a gift, he'd have lost £50m before making any sort of profit on his investment.
So how do you invest your millions?'"
I don't have millions but if I did it would be returning me more than 4%. If you don;t understand money don't post about it
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