dongonzalos
Well-Known Member
Maybe by signing the CVA all this wont go away....
Acl back on cwr again (6 Viewers)
- Thread starter moleyskyblue
- Start date
mark82
Super Moderator
Thought you were doing something around the time this kicked off? Or was it for Higgs?
oldskyblue58
CCFC Finance Director
not saying this is the problem for SISU but if CCFC is liquidated then a liquidators duty to investigate and powers are far greater than an administrator, I assume also that any embargo etc would remain until such time as the actual liquidation occurs and the company struck off. That could all take some time whether something found or not.
Would also be a problem in theory about the ground share which FL said is dependant on CCFC Ltd successfully coming out of administration by a CVA (unless they use their FL discretion again)
Would also be a problem in theory about the ground share which FL said is dependant on CCFC Ltd successfully coming out of administration by a CVA (unless they use their FL discretion again)
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covcity4life
Well-Known Member
ask the council? they are also stopping the meeting going ahead
both sides r complete dicks
oldskyblue58
CCFC Finance Director
was a one off appointment for the Alan Higgs Trust which owns the Higgs Centre - I attended the first creditors meeting for them and was not paid in any way shape or form. Appointed because of my posts here. The appointment was for that meeting only and ceased the same day. There are no other appointments before or since relating to any of the parties or individuals involved
jesus-wept
New Member
utter rubbish, did you hear what was said on the radio ? Joy Seppalla has vetoed any meeting.
wes_cov
New Member
Where did you hear that?
On a side note who appoints the liquidator should it get to that is it the court or self appointed like Appleton?
covcity4life
Well-Known Member
i heard it,i also see council refuse to sign CVA to get meeting to go ahead
just like the refused to negotiate an acceptable rent years ago, or even entertain selling 50% of ricoh
it didnt have to come to this
just like the refused to negotiate an acceptable rent years ago, or even entertain selling 50% of ricoh
it didnt have to come to this
italiahorse
Well-Known Member
CCFC_GT
New Member
Frankly if this is what you think you heard it questions your comprehension skills.
Sky Blue Kid
Well-Known Member
Why is Septic refusing to meet round the table for talks? Or at least until the CVA is signed off. No delving into financial "Goings on" after it's signed, that's why! covcity4life, stop talking out of your arse mate, this is purely down to Septic, who is running scared now..allegedly!
Dhinsa's_Millions
Well-Known Member
Surely the CVA being signed would form an essential element of any talks NOT the precursor to them!
Sisu don't want it to be part of the negotiation. Without it ACL has nothing.
They can either say: Ok, we sign the CVA and show willingness to start a fresh, or they can refuse the CVA and say 'Goodbye and good riddance'.
If they don't sign, the club has definetely played the last game at the Ricoh.
If they sign, well then it's down to the rent for the next 3-4 years. If it's approximately the same overall cost as at sixfields I think we will play at the Ricoh. More expensive, we won't.
fernandopartridge
Well-Known Member
Why would there need to be an investigation into how the debt has occurred? OSB has done analysis after analysis and has already described where the figures come from.
Brighton Sky Blue
Well-Known Member
An extra few hundred thousand pounds a year is more than offset by the extra money the Ricoh can get the club in ticketing income. SISU have perfectly manipulated the situation to make ACL look like deciders of the club's fate-let's not forget here that Walsall pay more than £400k to use the Bescot which is a vastly less adequate facility than the Ricoh but they did better than us last season.
Then again, this all assumes that SISU are actually complaining about the terms of any prospective lease and not trying to bust ACL.
duffer
Well-Known Member
I can't spend all day on this, but I don't think it's anything like that simple. And it sounds like you're trying to blame ACL here for SISU's failure to negotiate.
ACL: Let's talk, no strings attached.
SISU: No.
What's not clear about that?
If the CVA isn't signed, then a whole can of worms is opened in terms of investigations and what happens next, and I don't know if anyone can really see where that ends up. The fact that SISU are trying to bully ACL into signing it suggests something to me though.
Brighton Sky Blue
Well-Known Member
Just a quick calculation for you Godiva:
Selling out at Sixfields 23 games a season: 23 x 7,500 x £15 (including STs at roughly £300)= £2.6m, less £100k rent= £2.5m
Average crowds at Ricoh for 23 games a season: 23 x 10,000 x £15= £3.5m, less £400k rent= £3.1m.
We will of course not get a full house at Northampton every single game of the season and so the difference will be magnified. We are taking a hit on our own finances to spite a stadium management company.
Selling out at Sixfields 23 games a season: 23 x 7,500 x £15 (including STs at roughly £300)= £2.6m, less £100k rent= £2.5m
Average crowds at Ricoh for 23 games a season: 23 x 10,000 x £15= £3.5m, less £400k rent= £3.1m.
We will of course not get a full house at Northampton every single game of the season and so the difference will be magnified. We are taking a hit on our own finances to spite a stadium management company.
J
Jack Griffin
Guest
The only one who makes the CVA status a precondition is JS.
jesus-wept
New Member
With respect who is OSB ? as I see it just a poster on here and in the main good interesting posts at that. Any investigation into how the debts stacked up will be done by people with power to act if dodgy dealings are unearthed. Joy Seppalla wants this all killed off, she has vetoed any meeting brokered by the FL while the cva is unsigned. She is top dog at sisu, what she says goes, she hasn't guaranteed a meeting and there certainly is no guarantee of accepting any proposal coming from any such meeting.The Football League must now re-look at th their decision
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grego_gee
New Member
half full or half empty?
it could be said SISU have agreed to the talks under the FL if the CVA is signed.
It will cost ACL over half a million if they don't sign so they will probably sign it next week anyway.
they could sign it now and start negotiations a week earlier.
imp:
it could be said SISU have agreed to the talks under the FL if the CVA is signed.
It will cost ACL over half a million if they don't sign so they will probably sign it next week anyway.
they could sign it now and start negotiations a week earlier.
imp:
J
Jack Griffin
Guest
No he hasn't, he has analysed the publically available information which is out of date, clearly insufficient information to understand what was done.
No information has been published for the last few years which is where the more questionable activities occurred.
The only way to find out what happened is for full & unimpeded access to public & confidential company records, as there is a requirement to keep records for 7 years, I think we can guess how long SISU will try & hold on.
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fernandopartridge
Well-Known Member
It's irrelevant to SISU though. The principle is that if they make a deal with ACL that is less favourable than what they wanted originally it's all been a waste of time.
Brighton Sky Blue
Well-Known Member
half full or half empty?
it could be said SISU have agreed to the talks under the FL if the CVA is signed.
It will cost ACL over half a million if they don't sign so they will probably sign it next week anyway.
they could sign it now and start negotiations a week earlier.
If Holdings is to all intents and purposes the football club then negotiations could happen at any time. I'm genuinely confused as to how blurred the two entities have become.
fernandopartridge
Well-Known Member
Out of date information but nevertheless the only information available if the more recent accounts haven't been signed off.
Brighton Sky Blue
Well-Known Member
They should be driven by what represents the better deal for the club and the numbers show it ain't Sixfields.
fernandopartridge
Well-Known Member
The other thing to say is that your crowds at the Ricoh are based on the premise that the NOPM campaign won't get off the ground.
Even if City are at the Ricoh, nobody is going with SISU in charge I've heard.
Sky Blue Pete
Well-Known Member
half full or half empty?
it could be said SISU have agreed to the talks under the FL if the CVA is signed.
It will cost ACL over half a million if they don't sign so they will probably sign it next week anyway.
they could sign it now and start negotiations a week earlier.
Deliberate misinformation grego!!
No, sisu are taking a financial hit.
I do not agree it is 'to spite ACL' - it's an investment in future profit from adding a stadium to the club.
Brighton Sky Blue
Well-Known Member
This is true, however I think NOPM will cease if we secure a stay at the Ricoh which I think is all the campaign is focussed on.
1
1940 oldfive
Guest
if he was talking out of is arse it would make more sense
Brighton Sky Blue
Well-Known Member
It's an excuse to ply the club with tens of millions of pounds more debt.
DazzleTommyDazzle
Well-Known Member
So why not try to arrange to play at the Ricoh during the "three years" of stadium building, so taking avoiding the financial hit?
RoboCCFC90
Well-Known Member
Why can't they just put there petty differences aside and do what is best for CCFC, for the fans, the local economy and the City itself..
williesdonkeykick
New Member
My missus was rattling as usual, but the statement from sisu, after the interview said they would not comment until after next week's meeting. Read into that what you will.
DazzleTommyDazzle
Well-Known Member
So you think that SISU should only pay the same rent at the Ricoh, as they're paying at Sixfields (a stadium less than a quarter of the size), despite the fact that average attendances at the Ricoh would be between 4k and 8k higher per match?
Very strange way to run a business.