Appeal Decision? (6 Viewers)

[skybluetony176]

I agree but the strategy is pretty transparent.

Look at the ACL level of business - it has declined. The actual arena hosts far less events than it did when the club was there. The sponsor may not renew. From sisus stance the conclusion they have drawn is obviously that the lack of club or continued litigation is causing problems. Either way the tactic will not change.

The suggestion that they are on the ropes is ludicrous. A lot seems to be based on fishers assertion that they needed 3,000 fans. Really? Fisher says a lot of things. The club is as financially stable on a day to day basis as it has been since they took over. Investors are getting a return from interest payments. Debt restructuring means court fees are no concern. It's seen as a legitimate charge to a long term aim.

The appeals will fail but they will still appeal - why if they think they can win - does anyone think they will win? Have the costs been determined yet? I'm sure an appeal is on the cards there as well.

The attrition carries on.

Again

If you really believe that dont you think it's time you put your grudge towards all things CCC to one side and started poring that scorn on the party that is destroying the club you apparently love from within?

 

---

[lewys33]

Simon Gilbert ‏@TheSimonGilbert 1m More


BREAKING: Judge awards council's costs against Sisu. £250k to be paid in 14 days. Could be up to £580k. More to follow @covtelegraph

 

[Grendel]

Again

If you really believe that dont you think it's time you put your grudge towards all things CCC to one side and started poring that scorn on the party that is destroying the club you apparently love from within?

I don't have a grudge. I entirely blame them for the total lack of support they gave the club.

They have never seen the benefits a successful football club can bring to the community and never embraced it. The whole business model was doomed to abject failure. To compete in the championship you had to spend 80% of turnover on wages. The "deal" killed the club.

The club has zero future anyway unless it has a stake in the stadium. As a business asset it's worthless. Irony is if we got that sisu would be off.

 

[lewys33]

Simon Gilbert ‏@TheSimonGilbert 52s More


Judge had interesting things to say in his decision to dismiss permission for Sisu appeal. Believes in "everyone's interest" not to prolong

 

[Hobo]

I agree but the strategy is pretty transparent.

Look at the ACL level of business - it has declined. The actual arena hosts far less events than it did when the club was there. The sponsor may not renew. From sisus stance the conclusion they have drawn is obviously that the lack of club or continued litigation is causing problems. Either way the tactic will not change.

The suggestion that they are on the ropes is ludicrous. A lot seems to be based on fishers assertion that they needed 3,000 fans. Really? Fisher says a lot of things. The club is as financially stable on a day to day basis as it has been since they took over. Investors are getting a return from interest payments. Debt restructuring means court fees are no concern. It's seen as a legitimate charge to a long term aim.

The appeals will fail but they will still appeal - why if they think they can win - does anyone think they will win? Have the costs been determined yet? I'm sure an appeal is on the cards there as well.

The attrition carries on.

You are right the strategy is transparent.

It is a shame it is taking some people so, long to see it.

No way will I set foot in Sixfields and support this regime. If it means continuing to miss cup games so be it.

 

[wes_cov]

Ouch, expected but can't help thinking it's just another top up of the debt in CCFC

 

[skybluetony176]

I don't have a grudge. I entirely blame them for the total lack of support they gave the club.

They have never seen the benefits a successful football club can bring to the community and never embraced it. The whole business model was doomed to abject failure. To compete in the championship you had to spend 80% of turnover on wages. The "deal" killed the club.

The club has zero future anyway unless it has a stake in the stadium. As a business asset it's worthless. Irony is if we got that sisu would be off.

I feel a "what have the romans ever done for us thread coming on"

So they never gave the club 50% of ACL?

 

[lewys33]

So who are going to pay the costs then? "Mr Escrow" or "Mr Wilson"?

Enough is enough. Bring City Home!!!

 

[Grendel]

I feel a "what have the romans ever done for us thread coming on"

So they never gave the club 50% of ACL?

They set up a business model doomed for failure. The club has gone backwards ever since we entered the Ricoh arena. I wish I'd never set eyes on it. Whatever spin you put on it the losses have escalated the misery has been progressively worse and not once have they helped.

 

[Astute]

OK Grendel shall we look at it the way you would if you were in ACL's position?

You tell us that you do the deals for who you work for. Would you be happy to do a deal with someone that hasn't paid you for nearly two years and has brought litigation against you and continues with it after being told by the legal system how wrong they are to bring such action and cost your company about 500k or more in doing so? If you had to deal with them for some reason wouldn't you want the fruitless appeals to stop first or would you be happy to deal with them whatever they did?

Would be nice for you to reply to this post Grendel considering you expect ACL to have talks without SISU stopping the fruitless litigation.

 

[Kingokings204]

Also where are the plans for a new stadium? It has taken a noticeable step backwards recently and the phrase own the stadium rather than build is quite easily spotted.

Why release statement stating they want to come back? People say it's to sweeten the fl and all that but that's crap to me. They haven't said it for over a year and very much the opposite so why state it now. Season tickets? Again doubtful as people who want one will have got one now the JR is going to sell anymore now. People who have bought one hopefully are thinking twice.

Sisu want to return no doubts. They can appeal all they like the main result has been heard and they lost. Game is over. Appeals are irrelevant. It won't distress ACL now. Nothing to distress over now. The result was perfect or ACL and they can now run their business and get bak to hosting big concerts etc.

Look at it at face value everyone. You are sisu, you've just lost a big court battle, lost loads of money doing it. Appeals are pointless and they know it but they have to appeal. They have sold around 90 adult reduced season tickets and play at a shed whilst losing 90% fan base with still no shirt sponsor or sponsors?

ACL and ccc have been proved lawful and truthful, a loan has helped sure but helped none the less. Has proven to host big events and is still a big attraction for it's location and size. Yes they lack the main football team but I know who I would rather be.

Sisu I can't have only took ccc to court to distress ACL they wanted to win and get the Ricoh if they didn't win they can't get the Ricoh meaning it was pointless.

They need serious help. Wilson money has helped and with SP today saying no players are lined up. I can't help feel we have got what we have got. It's poor and is relegation fodder. Maybe that's the end of the cycle?

 

[skyblueinBaku]

Can Sisu appeal against the costs decision?

 

[Covstu]

Simon Gilbert ‏@TheSimonGilbert 1m More


BREAKING: Judge awards council's costs against Sisu. £250k to be paid in 14 days. Could be up to £580k. More to follow @covtelegraph

Who we selling to make up this debt??

 

[lewys33]

Can Sisu appeal against the costs decision?

They could appeal against the world being round if they wanted to.

 

[Grendel]

Would be nice for you to reply to this post Grendel considering you expect ACL to have talks without SISU stopping the fruitless litigation.

Oh that's a load of nonsense, people do business with people they hate all the time. You only have to look at Northern Ireland for that.

 

[skybluetony176]

They set up a business model doomed for failure. The club has gone backwards ever since we entered the Ricoh arena. I wish I'd never set eyes on it. Whatever spin you put on it the losses have escalated the misery has been progressively worse and not once have they helped.

A business model doomed for failure if your tennant goes on rent strike.

If we had of retained the 50% we would never have done that and been enjoying 100% of match day revenue and 50% of all other revenue.

 

[skybluetony176]

Oh that's a load of nonsense, people do business with people they hate all the time. You only have to look at Northern Ireland for that.

lol, how predictable

 

[CCFC PimpRail]

I don't have a grudge. I entirely blame them for the total lack of support they gave the club.

They have never seen the benefits a successful football club can bring to the community and never embraced it. The whole business model was doomed to abject failure. To compete in the championship you had to spend 80% of turnover on wages. The "deal" killed the club.

The club has zero future anyway unless it has a stake in the stadium. As a business asset it's worthless. Irony is if we got that sisu would be off.

Aren't ccc helping by keeping the stadium "as is", instead of conceding their tenants have buggered off and won't be returning as they obviously think one half the size would suit their aspirations better...? The thing SISU are dreading the most is having to build their new house of dreams within the next 2 years, and it's about time they were given a kick to get it started...

 

[Kingokings204]

I note the judges comments.

"It's in everyone's interest not to prolong this"

 

[lewys33]

I am fairly certain Grendel would have been moaning about the council had they not bailed the club out time and time again under the old ownership. They obviously had no idea about what a football club meant to a community back then either. :facepalm:

 

[ccfcway]

Simon Gilbert ‏@TheSimonGilbert 1m More


BREAKING: Judge awards council's costs against Sisu. £250k to be paid in 14 days. Could be up to £580k. More to follow @covtelegraph

awaits the "we haver put a sizeable amount of money in an account and we are disputing the figure"

 

[Kingokings204]

awaits the "we haver put a sizeable amount of money in an account and we are disputing the figure"

Even the judge is telling to save their money now lol that's how bad it's got

 

[Astute]

Oh that's a load of nonsense, people do business with people they hate all the time. You only have to look at Northern Ireland for that.

A load of nonsense?

Why not reply if you would be happy to deal with so instead of brushing the question off with such a comment?

Or are you saying you would be happy to deal with someone that hadn't paid you for so long and kept up with fruitless litigation because of what happened with N Ireland?

 

[Danceswithhorses]

The club has zero future anyway unless it has a stake in the stadium. As a business asset it's worthless. Irony is if SISU got that sisu would be off.

Corrected that for you.
SISU only do thing for the benefit of SISU - not ccfc and certainly not the fans.

 

[Noggin]

Oh that's a load of nonsense, people do business with people they hate all the time. You only have to look at Northern Ireland for that.

deflection, didn't answer the question

 

[ccfcway]

so "up to £580k" council costs and they had 2 barristers ?

Didn't SISU have something like 9 to also pay ?

Far from an exact science obviously, but would that mean that case will have cost at least £2.5 million to SISU ?

 

[Kingokings204]

so "up to £580k" council costs and they had 2 barristers ?

Didn't SISU have something like 9 to also pay ?

Far from an exact science obviously, but would that mean that case will have cost at least £2.5 million to SISU ?

No wonder they held out for Wilson.

 

[skybluetony176]

By the time all the appeals are over how many times could they have purchased the higgs share for the £5.5M they would have accepted for it?

Remember, they dont actually want to win any of these appeals (grendull said so, so its as good as a fact) so they'll never get their costs back.

 

[Broken Hearted Sky Blue]

I suspect you are as wide of the mark as is possible.

In 21 days they will lodge an appeal and failing that will go to the Supreme Court.

When that fails its an appeal to the European Commission.

Its pre-planned trench warfare and its going to be very long and drawn out.

Oh no now I'm agreeing with you :facepalmromise it wont happen again

 

[lewys33]

By the time all the appeals are over how many times could they have purchased the higgs share for the £5.5M they would have accepted for it?

Remember, they dont actually want to win any of these appeals (grendull said so, so its as good as a fact) so they'll never get their costs back.

Interesting point actually. I wonder how much moving to sixfields, and the court cases distressing ACL have cost them, against just purchasing the higgs share for £5.5 million. Inflated price or not, I definitely think I know which would have been the better option.

 

[hill83]

Will the order to pay court costs put a spanner in the works for any potential Ricoh return? What a mess this all is.
It's an odd feeling, on one hand I'm gutted the club will be faced with more debt, but also glad Sisu have been held accountable.

 

[wingy]

By the time all the appeals are over how many times could they have purchased the higgs share for the £5.5M they would have accepted for it?

Remember, they dont actually want to win any of these appeals (grendull said so, so its as good as a fact) so they'll never get their costs back.

It's Personal and She's bonkers.

 

[skybluetony176]

Interesting point actually. I wonder how much moving to sixfields, and the court cases distressing ACL have cost them, against just purchasing the higgs share for £5.5 million. Inflated price or not, I definitely think I know which would have been the better option.

Also a good point, the picture is bigger than just the leagal fees. Its not just what they're spending, its also what they're not earning. It's not unreasonable to say that the Higgs share could have paid for its self by now. From the clubs point of view anyway.

 

[wes_cov]

you do have to wonder how low Sisu can drag CCFC before they call it a day.

from the CCFC they bought all be it in a distresses and poorly managed financial position it's unrecognisable today.

 

[Rob S]

...and the FL, inept as they are, must surely eventually tire at the continued failure to show progress at building a new stadium. There's a million-pound bond and a golden share riding on their ability to keep that bluff running.

Not that hard at the moment. Meet with FL and show them details of two potential sites, the impact assessments and that they are trying to negotiate a deal for one of them. Bear in mind that the FL have had lots of experience with the likes of Rotherham (approx. 610 days from leaving Millmoor to purchasing land for new stadium) and Brighton (years) so I doubt there will be too much pressure from the FL before next spring.

I'm not wishing the club into a new stadium BTW but I am slightly concerned by the number of people dismissing the idea of a new venue out of hand, especially as Sisu do have form when it comes to this kind of thing.