jackmartin
New Member
mm son said on the radio that his dad had to give money to sisu not too long ago so whats that all about?
mm son (1 Viewer)
- Thread starter jackmartin
- Start date
Hmmm. Is this the son who repeatedly advised MM to stop putting cash into CCFC? Dont have a problem with this, we were hardly a good investment at the time.
MM made no secret of the fact we needed attendances of 23k plus to break even. So likely he was bankrolling the shortfall.
So it's hard to see how or why he would put more of his cash independently into SISU.
They were both Albion fans (and investors), if I remember rightly?
MM made no secret of the fact we needed attendances of 23k plus to break even. So likely he was bankrolling the shortfall.
So it's hard to see how or why he would put more of his cash independently into SISU.
They were both Albion fans (and investors), if I remember rightly?
skybluetony176
Well-Known Member
Don't know about SISU but didn't he have to pay something to ACL along with GR? Something to do with being guarantors for the lease the club had with ACL so when the club went on rent strike and Ltd went into administration they became liable to pay ACL some moneys. Are you sure that you didn't mishear and he was talking about that in the context that he had to pay money out because of SISU's actions?
Sky Blue Pete
Well-Known Member
It was the account of 500k in the escrow account wasn't it?
eastwoodsdustman
Well-Known Member
Is this the son whose company managed to get Highfield road for £1 Mill and rent it back to us for £1mill a year? No wonder we were in a mess and nobody was in a rush to move to the Ricoh.
hutch1972
Well-Known Member
Were they not involved in some way with all of the seating in the ricoh iirc
eastwoodsdustman
Well-Known Member
Yes MM had a kitchen company whilst on the board at west brom. Bert Millichip was also on the west brom board at the time and was involved in the aftermath of the taylor report where all seater stadia were recommended. MM set up a seating company and secured a decent FA contract. All pretty above board I'd say.
fernandopartridge
Well-Known Member
He tried his best though, eastwoodsdustman. Like SISU presumably were twenty trying their best.
NorthernWisdom
Well-Known Member
There's much to have a go at the former directors about. However, Highfield Road was sold to McLean homes (a division of Taylor Wimpey).
fernandopartridge
Well-Known Member
Not directly. It was eventually sold to them presumably at profit to the middle man. Isn't that why the buy back option existed?
NorthernWisdom
Well-Known Member
Are you saying there's a middle ground between this? http://www.thefreelibrary.com/HIGHF...+Club+leases+stadium+back+until...-a065930894
I wouldn't see anything sinister in a buy-back, it seems entirely sensible (unique for that board?) to have a fallback option.
Shame they chose not to use it...
