chiefdave
Well-Known Member
Half the rent would then have effectively been CCFC's via ACL.
ACL took out a loan to purchase the lease. There was an agreement that any profit ACL made would be used to make overpayments on the loan so until that loan was repaid our 50% stake would have generated no income for the club.
Of course originally we were supposed to get 50% of the freehold but CCC grabbed that all for themselves.