In much the same sentiment as others I hope for the genuine City fans all is okay. That said I suspect the genuine fans who have been there through thick and lots of thin will simply be enjoying things while it's good. This is after all only their 4th season of top flight football. They have been to a Wembley cup final. Entered Europe and despite what has been results wise a shocking year (calendar year 2014) I bet most genuine fans have loved the past 12 months.
The club have been through far worse owing far far less.
I just hope the entire football world wakes up to the likes of Mr Allem and their status as "club owners" he is actually just a club creditor. The club owe him millions. He will have made more by loaning money to City than he would have done leaving it in a bank, by the time he finishes with them. That is wrong on all levels. City will survive they won't do a Portsmouth, it might be more of a Sheff Wed, Coventry, Leicester etc. but they will survive as too many people are willing to throw their cash away by "investing" in a football club.
Moving onto us. Of course we should worry. He will make our lives as difficult as he can, for reasons only he will ever know. But as with City we will survive long after he has gone. We just need to stand tall together. Don't buy any KC produce and refuse to line his pockets.