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It had made a profit in every year, however it was very dependent on CCFC for income and as such CCFC and its poor trading record was listed as a risk in the report. "A significant amount of the revenue is secured against[CCFC], a weak covenant with a history of financial difficulties; " We...

I agree with the general statement but you have to consider the value of ACL at the time. sometime in 2012 Richard Ellis performed a sensitivity analysis, which indicated that, if the anchor tenant rent was nil, the value of the lease would be only£6.4m; at £200,000 rent, £8.6m; and, at...

On what do you base that argument?

Nick, In the past the regimes of Richardson etc (irrespective of if you believed they were irresponsible) at least they attempted to deliver on the Pitch which is what the Supporters will pay to see. They invested and lost their own money. Our Current owners attention has been anywhere but...

I agree, but a couple of wins is not success. Coventry Fans are no worse than any others. But Success at this point is fairly modest a top six finish in the third tier. Not FA cup 2nd round exit against non league and 17th in the third Tier.

I believe the problem is SISU and have consistently posted that I hold them 100% responsible for the current situation. I believe they have a different agenda at the moment especially considering Plan A failed, but lets not kid ourselves, that if they delivered success on the pitch then there...

i have never called for the managers head. That is papering over the cracks and at present will solve nothing. One game is not a success but does demonstrate the affection and possibilities for the club. After that its business as usual Irrespective of off the field events success on the...

No. I simply said that if the club give the supporters something to follow they will return (as per Gills, Crewe) they are the biggest crowd draw in the area. Revenue streams and any new stadium will not achieve that. Very selective in your interpretation

AndreasB the onus is on the club / SISU to engage and give the supporters something to rally around. Yes if they get into the top 6 (like the Gills game) then people will return and NOPM will be consigned to the past. At that point demonstrable progress will have been made. If SISU deliver a...

We are paying ACL about £100k a year (confirmed statement less than 10% of previous agreement) so in terms of rental is that not a good deal?

I was bored the other day and started to look at the structure of ownership and its quite confusing as of the last filed accounts 2013. Sky Blue Sports and Leisure is 96% owned by Sconset and 4% by Leonard Brody with Liabilities over £47 million (2013 accounts) interestingly this went up from...

yeah but you go once not 20+ times

I agree with this 100%. in the last accounts (2011) when CCFC took in £10m over £6m was money associated with TV, Sponsorship and other activities. Ticket sales accounted for about £3.5m. don't know what our income currently looks like but If we can get back to similar levels of income then...

The loan to ACL was made commercially at 5% as per the judicial review. It was examined and concluded that CCC acted as an existing investor to ACL in order to protect the assets. With CCFC (SISU) on rent strike the security of the Lease against the loan issued by the Yorkshire bank was below...

As per my earlier post: ACL's interest payments to the bank ranged from £450K per Qtr or about £1.8m per annum at a rate of 1.25% above the banks base rate. By 21012 reduced to about £1.6m as I assume the base rate reduced. So ACL still had to generate between £400k and £600K of additional...

ACL's interest payments to the bank ranged from £450K per Qtr or about £1.8m per annum at a rate of 1.25% above the banks base rate. By 21012 reduced to about £1.6m as I assume the base rate reduced. So ACL still had to generate between £400k and £600K of additional income (excluding costs)...

Read the judicial review, its all in there there. Independent valuations of ACL with CCFC paying rent at different values from the £1.2m down to £0.

The only way I can see them being able to move this forward is to bring in another investor but that will have the effect of potentially diluting SISU's Shareholding. A new investor wiling to make a cash injection to the club will certainly help with the FFP regulations. Turnover as defined by...

Its an interesting read and not one I expected from SISU. I am reluctant to dismiss it out of hand as it is certainly strikes a different tone and hopefully they now realise that without the good will of the supporters and their attendance then they have nothing. Interestingly the five Point...

8 miles and 10 miles radius from the council house