Astute
Well-Known Member
I suppose CCC still decide what goes on at ACL still?
Sisu bullying back-firing? (7 Viewers)
- Thread starter The Lurker
- Start date
Astute
Well-Known Member
The formula price that was never asked for that you constantly go on about?
And Higgs gave 6.5m to CCFC altogether as you know but you try to change history on this as well. And if anyone corrects you as usual it just starts the shitfest off yet again.
tisza
Well-Known Member
seriously Nick can we not pin some of the basic documents (maybe in the Ricoh/SISU section) like the Arena costings, maybe a link to the Trust's Arena timeline, court findings so we don't have to keep repeating the old basic facts about the Ricoh & its history?
fernandopartridge
Well-Known Member
Yes
Good idea. The £21m is many things though, a contribution to the build cost but also a lease premium. It's all rather messy really, shows what an utter dogs dinner the whole arrangement was.
Grendel
Well-Known Member
No the share capital for ACL was not £6.5 million - that included prior loans - the purchase was less -around £4 million wasn't it?
Grendel
Well-Known Member
I'll help you. Directors make decisions not shareholders - it's directors of the company.
Take a look at the ACL directors when you think 50% have any semblance of influence.
ccfcway
Well-Known Member
Ill have a look for a knowledge base plugin
and maybe move this lot to the....
Ricoh Row / Politics / SISU Section
forum
James Smith
Well-Known Member
Did the Higgs force us into the rental deal? I believe that Sir Higgs suggested a (rejected) sliding rent scheme which we don't know the details of. It was also established in one of the court cases that the amount of the rent was in large part determined by the YB loan repayments. I don't know why we weren't more vocal about the rent straight after Sisu took over.
Going back into the distant past as I understand it (so probably totally wrong) it wasn't just the Co Op we had borrowed from, but also the Higgs as well. At a guess the Co Op didn't want to bankroll us to the level our overdraft had got to. You have to wonder who else would have loaned our basket case of a club the money other than that basket case of a bank. I'd be interested to know when the Higgs first loaned us any money.
James Smith
Well-Known Member
Really? Someone wanted the Ricoh before Sisu came into our lives? Do you have any idea who it was?
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chiefdave
Well-Known Member
Think the £21m was for the fit out once the build was complete. So they had the actual stadium but not in a useable condition. No idea why that wasn't in the budget in the first place, seems a big oversight.
tisza
Well-Known Member
no it was mainly part of the construction costs taken early in the build process.
fit-out was originally costed at 4.4m but there was an over-run of 2.6m (total 7m). financed 1.1m ACL & 1.5m CCC.
here you go Nick you can start your knowledge base
Astute
Well-Known Member
It is already part of the knowledge base. The knowledge base that is frequently ignored/forgotten about when wanting to have a dig at certain sides or when trying to take some of the blame away from other certain parties. Just a normal day on SBT.no it was mainly part of the construction costs taken early in the build process.
fit-out was originally costed at 4.4m but there was an over-run of 2.6m (total 7m). financed 1.1m ACL & 1.5m CCC.
here you go Nick you can start your knowledge base
Then the same people that frequently misquote the same things wonder why there are so many stupid arguments and debates that just go around in circles.
Astute
Well-Known Member
CCC put money in. Tescos put money in. There were grants from all over the place. There was then a shortfall. This was covered by the loan.
I find it hard to believe that people that have been on here for a long time and have taken part of these discussions before where the costing of the stadium has been shown several times can't remember any of it. But they never fail to remember anything that CCC have done wrong.
chiefdave
Well-Known Member
Should have checked the document before I posted! The £21m was used to repay the Prudential loan that was taken out to cover the shortfall in funding for the build. The fit out costs were on top of that and included in the amount ACL borrowed from Yorkshire Bank.no it was mainly part of the construction costs taken early in the build process.
fit-out was originally costed at 4.4m but there was an over-run of 2.6m (total 7m). financed 1.1m ACL & 1.5m CCC.
here you go Nick you can start your knowledge base
Still you would have thought that someone would have remembered things like a scoreboard when doing the original budget!
Astute
Well-Known Member
You would have thought that Richardson would have worked out how much a stadium would have cost and noticed that we didn't have a pot to piss in before thinking it was all a good idea.
fernandopartridge
Well-Known Member
He had left the club by 2003 though and the club retained an option on HR.
Grendel
Well-Known Member
He did - that's why he had a safety valve - which his successor sold to keep his friends debt secured for a while longer.
Astute
Well-Known Member
An option without the money to buy it back. The money raised by selling HR was used to keep our club afloat for a few months. Just long enough for Richardson to get out. And now he says that he bought the land and sold some of it to Tescos. And we all know that it isn't true.