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Just my opinion but .......There is so much there that is hard to believe or just doesn't make sense or simply rings alarm bells. started negotiating in July but only got to exclusivity end of October? Should imagine SISU got bored or tired of waiting tell everyone that the club would have...

I haven't seen anything that suggests he would, just pointing to a possible event. Personally I think the deal is done and just waiting on EFL. As to whether he makes a difference or is any good as an owner I will wait see what happens....... has said all the right sound bites but I will judge...

Not sure a court could force SISU to proceed with the Storey deal that was only agreed in Heads of Terms. No contracts had been exchanged or even finalised it would seem to me so i cannot see that the sale terms were binding, it was only the exclusivity period that was

why is it anything SISU does cannot be done without legal challenges getting involved :rolleyes: Not sure that Storey or his lawyers will get much traction from the EFL or courts To do any deal with SISU the first thing they ask for is proof of funds - i assume this was done (not a betting...

Will apologise before i start, this has been made deliberately complicated by the owners so it is not easy to explain in short or simply. The £65m write off if true seems to me to be the preference shares sitting on the Otium balance sheet. We should at some point soon see details of a capital...

Its all to with the group situation. SBS&L owns 90.1% of Otium, ARVO 9.9%. Without the charge in SBS&L in theory Otium could be sold to a third party and leave ARVO with its charges still outstanding. The funds for the disposal of its 90.1% would be paid to SBS&L. These could be distributed to...

Has King bought 85% of otium or sbs&l ? or both ?

My opinion. If Ashley does have ambition to own ccfc I suspect he is in no hurry to do so. I think he saw an opportunity to add valuable real estate for a very modest sum to his overall portfolio. Whilst he owns house of fraser its his son in law that runs the group. Of course he has input but...

Looks to me that regular program of maintenance has not been kept up for a number of years. Some items are past their expected life and will need upgrade or replacement. It seems some items are more critical to the business than others but nothing shown is flagged up as immediate or expected...

Usually it's a company that only purpose is to hold the freehold or leasehold property of a group. They are often used by property developers for a specific project eg to build a housing estate.

Because in the scheme of things ccfc is only a smallish part of income. He isn't going to rely on it If no interest to pay, no duplication of over heads, increased turnover, lower depreciation charges it can turn a profit But for him to profit he doesnt just have to profit from income. The...

in which case the tenants are secure for now on the current terms unless they do not pay the rent

As for Ashley not needing CCFC ....... the club creates well in excess of £1m turnover at the stadium, HoF are not going to turn their noses up at that. What they are not going to do is bend over backwards to accommodate CCFC, it wont get cheaper for us to be there. But if the current lease or...

I think we need to wait for the administrators to file their first report to understand what is actually going on. Has House of Fraser just bought the lease (is that the lease plus extension? ) What happened to the fixtures fittings etc? What about the inventory? what did the £15.8m actually...

In case anyone is interested the Yelo Enterprises Ltd financials can be found here YELO ENTERPRISES LTD filing history - Find and update company information - GOV.UK (company-information.service.gov.uk)

yep which is why i have no sympathy for how they have responded to this opportunity

I think in terms of the stadium the only shock i would have had would have been MA/House of Fraser not ultimately owning it. Unlike the efforts of other parties, their bid was carefully choreographed and slickly carried through. I think for the stadium it is probably the right move and fit, for...

Any company can agree an exclusivity period with a particular bidder, it doesn't just apply to administration

Our owners are not the usual football club owners though are they. These are owners who have full knowledge of the insolvency process. It is what they do isn't it to buy distressed companies using investors funds and sell on. We have experienced how they can use the insolvency process. So it's...