And that is what happens with investments, but what has happened here is these so-called investments made by sisu and some of their customers have become loans, in other words even if you lose you win. Who thinks that if investing in Cov City had been a mega success how much of the profits would have been given to the team manager for investment in the squad. Not a lotNo, sisu are taking a financial hit.
I do not agree it is 'to spite ACL' - it's an investment in future profit from adding a stadium to the club.
So why not try to arrange to play at the Ricoh during the "three years" of stadium building, so taking avoiding the financial hit?
Out of date information but nevertheless the only information available if the more recent accounts haven't been signed off.
So you think that SISU should only pay the same rent at the Ricoh, as they're paying at Sixfields (a stadium less than a quarter of the size), despite the fact that average attendances at the Ricoh would be between 4k and 8k higher per match?
Very strange way to run a business.
No, sisu are taking a financial hit.
I do not agree it is 'to spite ACL' - it's an investment in future profit from adding a stadium to the club.
That would be excellent!
Do you think any negotiation to achieve that will be easier or more difficult if the lease is part of the negotiation? As long as it is 'alive' it has a value for ACL and subsequently a potential cost for the club.
That would be excellent!
Do you think any negotiation to achieve that will be easier or more difficult if the lease is part of the negotiation? As long as it is 'alive' it has a value for ACL and subsequently a potential cost for the club.
Never have worked for ACL
I posted just what was said on the radio
It only takes a back of a fag packet calculation to show that even with higher rent at the Ricoh our net income is still vastly greater. Godiva also seems to be under the impression that SISU will happily just throw the money in to cover the resulting losses without wanting it back. If the stadium actually gets built our group debt to SISU will be frightening.
i heard it,i also see council refuse to sign CVA to get meeting to go ahead
just like the refused to negotiate an acceptable rent years ago, or even entertain selling 50% of ricoh
it didnt have to come to this
greedy cunts
Oh ... where did I ever said they want nothing back???
They want to make a fortune out of their investment! They will have it all back ... and yet some!
The group debt to sisu is already frightening, but as the club add a stadium to the books and actually start making a profit from the overall operation, then debts can be exchanged to equity as the loans will 'only' keep their value while the shares will raise in value.
And when that time comes ... 5 or 6 years from now, then there will be no need for a debt-wall to fend off a potential hostile takeover. The debts will have served its purpose.
ACL asked FL if they would broker talks on Monday at their meeting. ACL placed no conditions on the talks
JS was contacted Tuesday, needed time to think
JS replied mid day Wednesday said no not unless ACL signed the CVA first
Offer remains on table but will be reviewed after ACL see what happens at the CVA meeting 22/07
In ACL's opinion the ability to hold talks and the CVA are not linked. Whatever happens with CVA the assets of the club are presently in CCFC H and they are operating the Club. If CCFC Ltd liquidated the club would still be there
ACL want CCFC at the Ricoh
Question - why is the signing of the CVA so important ?
Thanks for your quality use of the English language. The Council has been advised to not say anything about the club or ACL until after a decision has been made concerning the judicial revue, this was stated by PWKH. This is a legal instruction from their barrister, this will also be the case if their is any further legal investigation into SISU and their accounting procedures at the club.
SISU are a hedgefund made up of a load of investors.
If 'you' were one of those investors - looking at the track record of SISU over the last 7 years - and they came to you with the news that they wanted a shedload more money to build a new stadium - would you 'jump for Joy' (see what I did there!?) at the prospect? - OR WALK?
There will never be a new stadium in Cov built by this lot - it's all smoke and mirrors to detract from the truth.
you come accross very rude,you might want to look into that
PKWH said he wants to continue negotiations but then threw an insult at tim fisher and said he doesnt want to be around him
PKWH is an immature dickhead and needs to be sacked.
you come accross very rude,you might want to look into that
PKWH said he wants to continue negotiations but then threw an insult at tim fisher and said he doesnt want to be around him
PKWH is an immature dickhead and needs to be sacked.
Sisu don't want it to be part of the negotiation. Without it ACL has nothing.
They can either say: Ok, we sign the CVA and show willingness to start a fresh, or they can refuse the CVA and say 'Goodbye and good riddance'.
If they don't sign, the club has definetely played the last game at the Ricoh.
If they sign, well then it's down to the rent for the next 3-4 years. If it's approximately the same overall cost as at sixfields I think we will play at the Ricoh. More expensive, we won't.
Is stating that sisu will only talk to acl if they sign the Cva not blackmail?
Deliberate misinformation grego!!
Unlikely to happen but at this stage the FL should remind SISU that the GS has not been transferred yet. That they need all sides to show they have tried everything to meet FFP regulations.
That Joys demands for things to happen before you negotiate. Defeat the object of a negotiation.
The FL are a mediator and should force SISU to the table.
What is stopping ACL signing the CVA then SISU come to the table with no intention of doing a deal.
Unfortunately as we are now aware the FL just care about fixtures. So the CVA getting signed and no deal suits them
With respect who is OSB ? as I see it just a poster on here and in the main good interesting posts at that. Any investigation into how the debts stacked up will be done by people with power to act if dodgy dealings are unearthed. Joy Seppalla wants this all killed off, she has vetoed any meeting brokered by the FL while the cva is unsigned. She is top dog at sisu, what she says goes, she hasn't guaranteed a meeting and there certainly is no guarantee of accepting any proposal coming from any such meeting.The Football League must now re-look at th their decision
Yes it is but not by me!
I just made an observation on an open forum saying it was an acceptance with one condition.
It was another observer that went onto the radio and said it was a refusal!
imp:
You call an entity 'greedy cunts' and then call another poster a 'dickhead'; then try and call someone rude?
You're either on the wind-up; or a feckin' lunatic
Is stating that sisu will only talk to acl if they sign the Cva not blackmail?
Suppose a stadium costs £30m and the losses incurred at Northampton, including a likely relegation over a 3 year period, come to a total of say £5m. Yes you own a ground but the group's debt to SISU is a good £70m+. How do you sell a League 2 club, even owning its own ground, for anywhere near this sum?
i heard it,i also see council refuse to sign CVA to get meeting to go ahead
just like the refused to negotiate an acceptable rent years ago, or even entertain selling 50% of ricoh
it didnt have to come to this
greedy cunts
You will need to clear 100 million when you sell it.
SISU hadn't started any serious negotiations about the rent, before they started the boycott, it was in the Trust Q&A. So that was down to SISU not the council.
You call an entity 'greedy cunts' and then call another poster a 'dickhead'; then try and call someone rude?
You're either on the wind-up; or a feckin' lunatic
half full or half empty?
it could be said SISU have agreed to the talks under the FL if the CVA is signed.
It will cost ACL over half a million if they don't sign so they will probably sign it next week anyway.
they could sign it now and start negotiations a week earlier.
imp:
Acceptance with one condition that you're pretty sure will be refused is pretty close to a refusal though.
Don't you think?
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