Just wanted to clear up something
TF went on about Compass owning the catering rights and having paid 4m for them
THE ACTUAL SITUATION IS
ACL own 77% of a company called IEC Experience Limited which operates the stadium for ACL. ACL sold the other 23% to Compass for 4m.
So ACL because it owns more than 75% of IEC is deemed to control that company and its operations. Yes ACL would talk to its fellow shareholder about a change in operations (say to let CCFC have a share of the income, declare the sales as CCFC 's but be reinvoiced etc) but ACL has outright control and could sanction a deal.
The FFP figure btw was not going to be 100k it was going to be somewhere over £800k which would be the F& B turnover on match days. CCFC would take a commission/profit of £100k on the deal, all costs of supply being met by IEC
just as an aside the lease provides the club with 900 car park spaces and a potential income of £207k
TF went on about Compass owning the catering rights and having paid 4m for them
THE ACTUAL SITUATION IS
ACL own 77% of a company called IEC Experience Limited which operates the stadium for ACL. ACL sold the other 23% to Compass for 4m.
So ACL because it owns more than 75% of IEC is deemed to control that company and its operations. Yes ACL would talk to its fellow shareholder about a change in operations (say to let CCFC have a share of the income, declare the sales as CCFC 's but be reinvoiced etc) but ACL has outright control and could sanction a deal.
The FFP figure btw was not going to be 100k it was going to be somewhere over £800k which would be the F& B turnover on match days. CCFC would take a commission/profit of £100k on the deal, all costs of supply being met by IEC
just as an aside the lease provides the club with 900 car park spaces and a potential income of £207k