Cheshire Sky Blue
New Member
It has already been stated in other parts of the media that the loan from CCC remains unchanged other than the 1m off the top. So if ACL stop paying CCC who do you think is as it has not been resecured against anyone else.
As far as I can make out, they have purchased ACL and therefore the debt as well. If that is true the risk to the council is relatively low as a failed WASPS would have to go into administration and unlike us when we went that way they will have an asset to sell. The council still own the freehold also.
I know the fact that WASPS got ACL has pissed off many. I don't like it and most certainly would not have advocated this as the solution. But what I have said in my posts is that it is not the end for CCFC and the RICOH. There is still a very strong business case for the owner of CCFC to buy into the ACL business. It just may be that if the owner is SISU then WASPS may be very reluctant to set up a partnership.
It is one of a diminishing list of ways forward, and I just can not see how CCFC can contemplate building a new stadium.