How much rent, fees and interest is acceptable ? (3 Viewers)

[sky blue john]

Just interested to find out how much fans think is acceptable ?
Some have used it as their whole argument that we have paid excessive rent for use of the Ricoh. I do not dispute this and agree !!
Say for every 10million the club turnover what is an acceptable amount for Sisu or one of its companies to take ?

 

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[covcity4life]

0,0 and 0:wave:

 

[blueflint]

150/annum fees nil interest 0.5%

 

[lewys33]

AS LONG AS DA COUNCEL DON OWN IT I DON CARE WHAT MUNEY DEY MAKE

Or another "For a better CCFC Future" related comment

 

[sky blue john]

The reason i mentioned this is that there seems to be about 20million unqualified debt on the latest accounts. This probably is all inter company transactions of which probably equates to 3million a year which Sisu can draw from ccfc tax free. At least when we were renting the Ricoh we had something tangible for the money we paid !!
What service have Sisu provided ?

 

[lewys33]

the reason i mentioned this is that there seems to be about 20million unqualified debt on the latest accounts. This probably is all inter company transactions of which probably equates to 3million a year which sisu can draw from ccfc tax free. At least when we were renting the ricoh we had something tangible for the money we paid !!
What service have sisu provided ?

dey are bringin us bak to cov aint u herd??

 

[SkyBlueScottie]

The illegall rent offer made to Appleton was a fair amount and in line with what we have have been told other league 1 clubs pay. However without income streams its useless.

 

[bigfatronssba]

The illegall rent offer made to Appleton was a fair amount and in line with what we have have been told other league 1 clubs pay. However without income streams its useless.

Could you clarify how it was illegal exactly?

 

[stupot07]

Could you clarify how it was illegal exactly?

It wasn't legally allowed to be included as a condition of the CVA.

 

[_brian_]

dey are bringin us bak to cov aint u herd??

Can you make a bit of effort to type in English please mate?!?! I really struggle with street talk! Sorry! No doubt, this is 'my bad'!!!

 

[italiahorse]

The illegall rent offer made to Appleton was a fair amount and in line with what we have have been told other league 1 clubs pay. However without income streams its useless.

Just remind me why it was illegal?

 

[italiahorse]

It was legally allowed to be included as a condition of the CVA.

Yes - unless you want it done today !!!

 

[Astute]

The illegall rent offer made to Appleton was a fair amount and in line with what we have have been told other league 1 clubs pay. However without income streams its useless.

And the income streams from being in Northampton has made up for the lack of attendance? Which was also a legal offer unless you listen to Timothy.

 

[torchomatic]

Is the answer who cares as long as the Council are OK?

 

[bigfatronssba]

It wasn't legally allowed to be included as a condition of the CVA.

Slightly emotive language being used then.

Illegal is generally once an unlawful act has been committed and proven in a court of law.

 

[sky blue john]

Is the answer who cares as long as the Council are OK?

Wrong answer !!!!!
Its who cares as long as ccfc are ok !!!
Is it better for ccfc to pay 1.3 million to the council to play in the Ricoh each year or 3 million to Sisu to play at sixfields each year ????????

I doubt if you will answer torch and if you do it will be sarcastic !!!!

 

[Astute]

Is the answer who cares as long as the Council are OK?

Are you sure you don't mean who cares as long as SISU get their hands on the Ricoh?

 

[stupot07]

Slightly emotive language being used then.

Illegal is generally once an unlawful act has been committed and proven in a court of law.

Yes, but apparently appleton had already told ACL that they couldn't legally include it as part of the CVA before the adjournment, and they still returned a week later insisting it had to be included or no CVA sign off.


Sent from my iPhone using Tapatalk - so please excuse and spelling or grammar errors

 

[torchomatic]

Are you sure you don't mean who cares as long as SISU get their hands on the Ricoh?

Nope.

Sent from my Galaxy S4 using Tapatalk 2

 

[chiefdave]

Yes, but apparently appleton had already told ACL that they couldn't legally include it as part of the CVA before the adjournment, and they still returned a week later insisting it had to be included or no CVA sign off.


Sent from my iPhone using Tapatalk - so please excuse and spelling or grammar errors

I think the arguement here is over symantecs. Lets assume it is correct and it can't legally be included in the CVA. There's no reason whatsoever it can't be agreed before the CVA. Sign the rental agreement and once thats done ACL sign off the CVA. There's no way SISU can argue that can't happen as they agreed a rental deal with Northampton before the point the CVA would have been signed off if accepted.

 

[stupot07]

I think the arguement here is over symantecs. Lets assume it is correct and it can't legally be included in the CVA. There's no reason whatsoever it can't be agreed before the CVA. Sign the rental agreement and once thats done ACL sign off the CVA. There's no way SISU can argue that can't happen as they agreed a rental deal with Northampton before the point the CVA would have been signed off if accepted.

We still don't know whether it was offered as a stand alone offer. Remember the JR was part of the deal. It will be a waste of time but Sisu believe they have a case.


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[Jack Griffin]

We still don't know whether it was offered as a stand alone offer. Remember the JR was part of the deal. It will be a waste of time but Sisu believe they have a case.


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I don't think Sisu believe they have a case, more like a pretext to litigate.

 

[chiefdave]

We still don't know whether it was offered as a stand alone offer.

I can't imagine if the £150K offer was of any interest to SISU they would have stayed silent about it. Lets say ACL were insisting it be part of the CVA and not a standalone offer, Fisher would be all over CWR and the CT saying they refused to make the offer to them in a meaningful manner and if they had we'd be playing at the Ricoh this year. They may not be the brightest but there's no way they wouldn't capitalise on some easy PR if available. The only conclusion I can draw is that SISU would not accept the £150K rental offer no matter what manner the offer was made in.

 

[stupot07]

I can't imagine if the £150K offer was of any interest to SISU they would have stayed silent about it. Lets say ACL were insisting it be part of the CVA and not a standalone offer, Fisher would be all over CWR and the CT saying they refused to make the offer to them in a meaningful manner and if they had we'd be playing at the Ricoh this year. They may not be the brightest but there's no way they wouldn't capitalise on some easy PR if available. The only conclusion I can draw is that SISU would not accept the £150K rental offer no matter what manner the offer was made in.

Like wise, if ACL had offered the deal as a standalone ACL's PR machine would have been all over it, especially as an appeasement to rejecting the CVA.


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[Grendel]

I can't imagine if the £150K offer was of any interest to SISU they would have stayed silent about it. Lets say ACL were insisting it be part of the CVA and not a standalone offer, Fisher would be all over CWR and the CT saying they refused to make the offer to them in a meaningful manner and if they had we'd be playing at the Ricoh this year. They may not be the brightest but there's no way they wouldn't capitalise on some easy PR if available. The only conclusion I can draw is that SISU would not accept the £150K rental offer no matter what manner the offer was made in.

Has PWKH ever said on here the £150k offer was made to otium post liquidation?

If not, what is the answer really?

 

[dongonzalos]

It wasn't legally allowed to be included as a condition of the CVA.

I thought that was the JR not the rent offer.

The rent offer was made to the administrator whilst the club whilst in administration. As he was running the club?

 

[fernandopartridge]

I thought that was the JR not the rent offer.

The rent offer was made to the administrator whilst the club whilst in administration. As he was running the club?

The administrator of a club which they were intending on liquidating anyway? Seems a bit pointless.

 

[dongonzalos]

The administrator of a club which they were intending on liquidating anyway? Seems a bit pointless.

Not really the point.

I think people are suggesting that the rent offer was a stipulation of signing the CVA and that was illegal

Whereas I think the rent offer was made to the administrator so the club could continue to play at the Ricoh whilst the administration process panned out however it was going to.

I think the part that the administrator said he could not include was a drop the JR and we will sign the CVA part.

 

[Jack Griffin]

The usual suspects trot out the 'offfer was illegal' misinformation again & again.. that's bollards really, if the will was there a long term low rent deal could have been done then as it could be done now..

The reality is that SISU would not & still will not deal with ACL, it is my belief they intend to kill them off & conduct a hostile takeover.. they may stop short of the freehold, but they won't allow ACL to continue in existence and occupy the Ricoh.

It is no coincidence that Joy Seppala sits oin the 'takeover panel'
http://www.thetakeoverpanel.org.uk/structure/panel-membership

 

[Grendel]

Not really the point.

I think people are suggesting that the rent offer was a stipulation of signing the CVA and that was illegal

Whereas I think the rent offer was made to the administrator so the club could continue to play at the Ricoh whilst the administration process panned out however it was going to.

I think the part that the administrator said he could not include was a drop the JR and we will sign the CVA part.

No as usual you are incorrect

 

[dongonzalos]

No as usual you are incorrect

How was it then?

 

[Grendel]

The usual suspects trot out the 'offfer was illegal' misinformation again & again.. that's bollards really, if the will was there a long term low rent deal could have been done then as it could be done now..

The reality is that SISU would not & still will not deal with ACL, it is my belief they intend to kill them off & conduct a hostile takeover.. they may stop short of the freehold, but they won't allow ACL to continue in existence and occupy the Ricoh.

It is no coincidence that Joy Seppala sits oin the 'takeover panel'
http://www.thetakeoverpanel.org.uk/structure/panel-membership

Interesting. So are you saying Appleton is a liar? Hope he's not reading this.

 

[dongonzalos]

BREAKING EXCLUSIVE 4: ACL rent offer & signing off CVA to end #CCFC admin offered only IF owners Sisu scraps Judicial Review against council

 

[Grendel]

How was it then?

The offer if a low rent was made as part of the process. It was a condition that could not be legally accepted -this is well documented.

ACL wanted the club to agree 2 conditions or they would not sign the CVA. These are not in the public domain but its not difficult to figure them out.

 

[Grendel]

BREAKING EXCLUSIVE 4: ACL rent offer & signing off CVA to end #CCFC admin offered only IF owners Sisu scraps Judicial Review against council

Out of interest what was the rent deal? £150,000 in any league? What was the length of the deal?