oldskyblue58
CCFC Finance Director
its the end for us at the Ricoh we do not know that ... thats your opinion
Thinking things through its obvious isn't it that our club is about to go into a winding up order well not until 2nd May earliest so not exactly imminent, right now the only ones who would put the club into winding up are the directors or SISU. I have been reading a lot of what others have said here before posting and i have to say the arguing and disagreements is understandable. Both Sisu and the City Council are completely to blame for this situation. I though support Sisu and I want the opportunity to explain why. your choice to which you are entitled
I hear a lot of fans saying Sisu have duped us, we are being ripped off and Sisu are simply taking the club to the cleaners. But the truth is Sisu trusted the City Council when entering into a deal when buying the team. That deal (if you all remember) was that Sisu would steady the ship (which they did), then they would invest (which they did) and then they would buy the stadium (which they could not due to Mr Mutton 'we will never sell to Sisu). I remember very well first off we dont know what promises were made we only know that they bought a club with an option to buy 50% of ACL if certain conditions were met and if the Club could match the criteria clearly set by the ACL stakeholders first of which is that the club has a viable proveable plan forward. As for steadying the ship you would have to say still a lot of work to do on that the investment required by ACL was investment plans for the development of the site not the team, Mutton does not control the council it isnt his say so and he didnt say that until SISU had been here 3 years
I have a question for all the city supporters: did you not get the feeling after the game last week when Mark Robbins slated our star striker that something may be wrong in the club? yes and when you heard Mark Robbins in his interview lay the blame for the situation squarely at the feet of the City Council? read the full statement especially the bit about no assurances from the owner, the council wasnt his employer nor do they run ccfcdid that not tell you all you need to know? no
It is not the owners that are holding the fans to ransom, it is the City Council holding the owners of the team to ransom really i suppose they saddled the club with massive debt in addition to the debts written off in 2008 aswell? ^ months ago the position of power was firmly with SISU or do you not remember that ?. You must understand that the only incentive to own the team is the stadium and the potential land extensions and the huge millions that come with it but what was on offer was a 50% stake in ACL with perhaps the possibility of 100% later .... ACL own the long lease not the freehol;d. If you buy a 'club' on the agreement that you will be sold the stadium (securing your clubs future) buying the stadium freehold was not offered and then year after year you are told 'pay rent instead and we will keep the stadium' or perhaps they said prove viability and how it can be achieved before we take if further...... take a look at the figures is CCFC viable, even SISU struggle to give guarantees to get the accounts signed off you would be pretty much psiised off too. I know i would. Who wouldn't be?
Yes the owners have made some poor judgement but they didn't seem to be making poor judgement with Mark Robbins involved! thats one decision and it bit them didnt it
(and please don't say McGoldrick was a question in point... he would have gone no matter). 2 weeks ago we were heading to a double at wembly according to some of the more light headed fans! no mention of Sisu then! any one with any knowledge or caring for the club knew the underlying problems were still there....... the fans enjoyed some success for a change and put the other stuff to one side - can you blame them!?
So it is no wonder Mark Robbins leaving the club is timed to perfection, the man has allowed us fans in on a secret nobody wanted us to know, if he had not got out while he could ...we may never have known about the seriousness of this debacle.where have you been the last couple of years ?
Well played to Mr Robins and i thank him for the time at the club and for his attempts to let us know what is really going on at the club. yes thanks MR but he actually told us zip about what is going on
What this situation does though is it pushes the parties into a corner neither will come out of, the City Council do not care about the club or the fans more than superficially really ? and yet they still havent wound us up, still been trying to talk with SISU, they will see the club rot before giving up on what they feel they are owed really so they havent moved their position then and btw it is ACL not the council. (you only have to go to the mags court any day of the week and see the same City Council hounding some OAP out of their pension with the threat of prison for council tax of a few pounds - to understand the City Council's attitude they have a legal duty to collect their debts, if councillors do not carry out their duties properly they can be held legally responsible, not to mention the associated government rules...... but what have emotive claims about OAPs to do with this.
No it is the City Council that are duping the fans they should simply sell to Sisu why ? or perhaps they should sell to someone else entirely? SISU track record so far isnt exactly successful is it and Hedge funds do not buy things to run long term. Sisu will turn the club around if they have the money to do so you know this how?.. another question : if you were Sisu would you throw 10 million into players? no of course you wouldn't they havent try calculating the net spend on players over last 5 years. would you pay 1.3 million or even 400,000 a year for league 1 games... 10,000 turn outs? think everyone agrees 1.3m is too much but you pay for the facilities not L1 and why exactly are we in L1? no of course you wouldn't. would you buy the stadium to enable your investors feel secure in their money investments? yes of course you would well yes but that means more investors money paid out too and the freehold never has been available. Last question: would you fight your landlord if he held you to a huge rent even though the local areas rent has lowered by 80% (everyone else paying a 10th of what you pay)?? no i don't think so wouldnt have agreed the deal in the first place when i had the chance to break the lease.
This is heading one way. Sisu will have no choice but to look at ground sharing and rebuilding, I saw members here scoffing at the thought of such a ludicrous idea, but i believe it is the only option. When you are priced out of your home you move, its not quantum physics its simple math. can do that but it doesnt break the lease at the Ricoh so would be liable for 2 grounds makes great sense really doesnt it
Sisu will not go into admin, they do not need to, a debt unpaid does not lead to admin / liq. The owners have other options that will hurt the City Council and that is an option that i believe Ms Sepalla may wish to impose. why would SISU go in to Admn it is CCFC at risk not them, so what are the other options then explain - seems you are in the know, which might explain this post
Will the council go for a winding up order? probably. will they get it ? no al;ready have judgement pal .... but they do not want to wind the club up .... that is the absolute last resort. in fact it will probably end up going against the Council and for the owners, as the court can look to order an amount on rent and arrears based on what the market value rent is no it cant .
The City Council make big noises about the owners offering to buy the stadium but then saying they cant afford to pay the rent. that does not make sense you have lost me there At no point have Sisu stated they do not have funds, they do ... they just do not want to hand it over to the Council who take the rent, take the profits, and own the stadium so if they do not want to hand it over to the council how do they ever expect to own the stadium as the council own 100% of freehold . I for one do not blame Sisu at all then you are somewhat ill informed ..... not all their fault but a big chunk of it is. I hate the Council for what they have done to the club. Yes they built the stadium had they not we wouldnt be having this dialogue there would have been no club and paid for it, but what was wrong with Highfield Road? it had been sold by the directors of CCFc and that decision had nowt to do with the council if only we could go back
Entitled to your opinion but I just can not agree with most of it.
