The lease plays a significant role and hold a value as long as the CVA is undecided. So to say ACL wanted a negotiation 'no strings attached' is false. The 'attached string' is the lease. Sisu want the current lease broken as that will remove its value from talks about a potential future at the RA - and ACL want the lease 'alive' as a bargaining chip in such talks.
If ACL really - I mean really(!) - want to negotiate 'no strings attached', then the talks can begin when they have decided on the CVA. Signed or refused.
CVA rejected means Appleton will have the golden share and control of the club through it. Club is still in administration and the offer to play at the Ricoh for free would stand and Appleton would probably accept this until agreement could be reached.
CVA rejected means Appleton will have the golden share and control of the club through it. Club is still in administration and the offer to play at the Ricoh for free would stand and Appleton would probably accept this until agreement could be reached.
Compass own part of the operating company IEC so I cant see them taking action against ACL. Its a joint venture now not a service provider
Ricoh - I think the deal end 2015, what happens after that I dont know. But the Ricoh does attract a lot of business events that Ricoh have direct contact with so I doubt they would sue ACl at this stage.
That has to be one of the most convoluted pieces of logic I've ever seen.
Talks without pre-conditions simply means that - no pre-conditions i.e. no one has to do anything in advance of the talks.
ACL are happy to agree to this. SISU are not. We can only draw our own conclusions as to why.
That has to be one of the most convoluted pieces of logic I've ever seen.
Talks without pre-conditions simply means that - no pre-conditions i.e. no one has to do anything in advance of the talks.
ACL are happy to agree to this. SISU are not. We can only draw our own conclusions as to why.
1) Ltd has no players.
2) Appleton has already said that he will liquidate ltd if CVA is not agreed. Otium have already purchased assets from ltd included the right to the golden share.
Yes I agree, that's what it means. ACL want to negotiate on the platform of what is today ... before the lease is broken.
Sisu say's no, we can wait till the CVA is signed - or not. They want to negotiate on 'tomorrows' platform.
It's in ACL's interest to negotiate today - in sisu's interest to negotiate after the creditors meeting.
Put yourself in sisu's shooes - what is the better platform to negotiate on?
ACL's meeting with FL and subsequently twice asking for CWR airtime was to make sure everybody know they want to negotiate. He just didn't (avoided) mention the lease.
Both sides have pre conditions, ACL want talks without a CVA signed, SISU don't. It's two sides of the same coin.
1) Ltd has no players.
2) Appleton has already said that he will liquidate ltd if CVA is not agreed. Otium have already purchased assets from ltd included the right to the golden share.
Both sides have pre conditions, ACL want talks without a CVA signed, SISU don't. It's two sides of the same coin.
Yes I agree, that's what it means. ACL want to negotiate on the platform of what is today ... before the lease is broken.
Sisu say's no, we can wait till the CVA is signed - or not. They want to negotiate on 'tomorrows' platform.
It's in ACL's interest to negotiate today - in sisu's interest to negotiate after the creditors meeting.
Put yourself in sisu's shooes - what is the better platform to negotiate on?
ACL's meeting with FL and subsequently twice asking for CWR airtime was to make sure everybody know they want to negotiate. He just didn't (avoided) mention the lease.
It's not two sides of the same coin though, is it. ACL want talks without strings, right now. SISU are refusing those talks.
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.
In essence that's complicating something that's actually very simple. ACL are saying let's talk, SISU are refusing. It's impossible to spin this as anything else.
That being the case I really don't understand why there's all this faffing around. It's so bloody confusing.
I'm afraid that that is nonsense.
Keep this up and they'll be giving you a pay rise! Today has seen some of the most partisan posting in this board's history in favour of the transparently crooked SISU. You really should come clean.
I think the point is that if ACL sign the CVA they are agreeing to break the lease and therefore proving that CCFC have no where to play (unless I've completely lost the plot)
Then ACL should have said: Ok, then let's schedule talks to begin after the creditors meeting.
It's not complicated.
This assumes that the football league have allowed player registrations to be transferred, either knowingly or by mistake to a company that doesn't hold the golden share. Surely that raises the question of players fielded last year being under third party ownership?
Also I wouldn't have thought you can just transfer round the golden share as you feel like. Does the share not revert back to the League upon entering admin who then allow the company they have taken it from to continue in the league until such a time as the share is either returned to that company or issued to another?
How did Appleton manage to field a team at the end of last season if Ltd didn't have any claim to the GS or the players and why did SISU not contest the points deduction if no part of the football club is in Ltd?
If you were a company that was looking at renegotiating a lease would you seriously do that with a threat of a CVA hanging over them.
Given the money already paid out of Erscow I would assume the proposed amount is the remaining balance.
The club would be minus 15 points and still in an embargo. Yet ACL are supposed to be showing support by offering the ground no doubt at the £400,000 figure? So the club pays and ACL reject the CVA?
Come on, no business would agree to that. The offer is aost sisu-esque as was the shameless performance by PWKH this morning
ACL must thing the supporters are gullible idiots. Well..........
It's a difficult one OSB, PWKH has already been on radio this week saying they will very likely reject the CVA as they want ccfc and sisu investigating, ccfc staying at the Ricoh doesn't guarantee they will sign the CVA, and likewise signing the cva doesnt guarantee that ccfc will return. If I was sisu I think I would be asking for the CVA to be signed first. ACL might counter that will requesting the judicial review be withdrawn....but technically that is not against ACL.
Grendel: your refusal to see the real villain in all of this - despite the overwhelming evidence before your very eyes - is frankly astonishing.
I have no idea as to what your agenda is. It can't be the health of the football club you purport to support. It's on it's knees, and going from bad to worse, yet your every stance is to support by proxy the party most culpable
I support the football club. Of course sisu are culpable and as I have already posted on here the lack of interest in the consumer is bewildering and alarming.
Lets not kid ourselves though. This latest escapade was a cheap publicity stunt by ACL. They new the answer and are using the club as a political and point scoring football. If they do reject the CVA at least we know that the myth they really care about the club is exposed. I know some of my posts are shall we say of a provocative nature but today's posturing by PWKH was taking a leaf out of fishers performances. It was for dramatic effect and ill considered and has left me genuinely annoyed.
today's posturing by PWKH was taking a leaf out of fishers performances
1) Ltd has no players.
2) Appleton has already said that he will liquidate ltd if CVA is not agreed. Otium have already purchased assets from ltd included the right to the golden share.
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