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Have you seen the state of ours? SISU loading it with debt to suit their purpose

Some interesting points here But SISU have definitely been maximising the losses that appear on the balance sheet. in 2010 the good will in the accounts stood at about £13m but SISU took a charge against this intangible asset so that it was reduced to under £3m. This is an intangible asset so...

why would they get involved again? http://www.theguardian.com/football/2014/jul/03/coventry-city-sisu-ricoh-arena

But the statement does make it more difficult for SISU to persist in the Jam tomorrow statements. it effectively says to SISU there's a site talk to us.... Also if the council are seen to support a stadium within the city it will make any proposal from the club to the FA more difficult if the...

If there was to be an imaginary stadium built , check out Broad Street RFC on Google Earth. They have moved at least twice for other development projects where the developer has purchased land and built the premises for them. This site was when they relocated for the morrisons and housing...

Once again we had what we needed and sold it

lots of warehouses and distribution centres

I would suggest on the site of Broad Street Rugby Club. I m sure they would move for another big pay day. Lots of land, near commercial development too, good road links too

Come the start of next season we will have bee at the RICOH for 10 years , CCC were supporting this project for a couple of years before we moved , i's sure someone will know the exact dates. I think a 10 year involvement could be classed as long term vision, just the club and successive...

No. SISU are the architect of our current position. No matter the mismanagement of past regimes they knew all that when they took it on. Had much if not all of the Debt written off. All shares handed over. Guarantees for payment of Rent included from the previous directors. Oh and 7 years...

But we had a home, Highfield Road. The club chose to sell it , lease it back and start the RICOH project which they then in turn could not fund. Every other business would have been left to their own devices but due to CCFC's place in the fabric of the city CCC and Higgs stepped in. We made...

If the council gifted it to SISU then the rest of league 1 and the championship would probably scream as it would be seen as illegal state aid giving CCFC a distinct commercial advantage. So i don't think they could give it even if they wanted to

Merry Christmas and Happy new year to you all. I hope that my posts have been accepted as simply my point of view and I look forward to reading your posts in the future , especially those that offer a different opinion. I certainly don't have a monopoly on being right, but i am not going to...

I think they are very much on Plan B now. Plan A was to distress ACL to get it at the lowest price and also load CCFC with debt which they could claim was a distressed business due to the actions of CCC and ACL, these costs would be attributable to them not being able to purchase ACL and then...

He asked what would happen if the £14m was not repaid. The ultimate sanction is repossession . The Ricoh and the 250 year leas is the asset that secured the debt. I have read it again and nowhere did he ask what happens if they miss one payment , or 5 or built up areas that usually ends up...

CCC have a charge over the RICOH and would foreclose, ACL goes bust and CCC have the RICOH as an asset to sell on.

The best deals for the seller are struck when there is competition looks like only one purchasing party came to the table. With regards to action, you make probably the most important point there. We either go....... or stay away, how to get a consensus on what that is the problem leaving...

ok but how do CCFC raise the money to do this? They are currently loss making and £50+m in debt with significant sums due soon. If we assume SISU build it . CCFC are then tenants in a small stadium where they will have to pay rent to SISU to finance the building of it and then continue to...

Yes but that is to purchase ACL with all the liabilities. i.e. a £14m loan / mortgage that has to be paid to the council. If they refinance they still have to pay £14m to the council. So once you determine how much they pay in total it is not a great leap to be able accept that the deal in total...

The market price is what someone is willing to pay for it. (not what has been spent on it or what we would like to think its worth) WASPS offered £2.77 for ccc's share SISU offer roughly the same so by at least two points of reference the market said that a 50% stake in ACL was worth about £2.77...