hill83
Well-Known Member
Tropical Hotel 30 seconds away from Ibiza Rocks. Total shit tip. Wheatsheaf Del Sol
Where you staying Hill?
Ha ha. Have a good one. Not far from mambo etc mind.Tropical Hotel 30 seconds away from Ibiza Rocks. Total shit tip. Wheatsheaf Del Sol
Hills, 15,000 at just a tenner each. That's obviously £150,000. A year's rent in one game.
Sure there are obstacles. But a positive attitude takes you a long way.
As has been said before, the £590K is in escrow and the FL are looking at this issue of whether the rent guarantee money from Mike 'n' Geoff should count towards rent received by ACL. If we were getting points docked we'd know about it by now so it's just a case of waiting until the FL make their decision. I wouldn't get too depressed about it...not playing in Cov is enough to concentrate on really.
(FWIW, I think that the FL will eventually say the full £590K needs to be paid. I'm sure ACL are desperate to get their hands on a bit of cash.)
It's intriguing that ACL have come out with such a strongly worded statement today. With Fisher talking peace & reconciliation and rent deals, Ann Lucas's open door & moving on and the CovTel comment mentioning olive branches it did seem that the way was being paved for some kind of progress. I wonder if ACL are reacting or pre-empting to something that hasn't gone public yet?
As has been said before, the £590K is in escrow and the FL are looking at this issue of whether the rent guarantee money from Mike 'n' Geoff should count towards rent received by ACL. If we were getting points docked we'd know about it by now so it's just a case of waiting until the FL make their decision. I wouldn't get too depressed about it...not playing in Cov is enough to concentrate on really.
(FWIW, I think that the FL will eventually say the full £590K needs to be paid. I'm sure ACL are desperate to get their hands on a bit of cash.)
It's intriguing that ACL have come out with such a strongly worded statement today. With Fisher talking peace & reconciliation and rent deals, Ann Lucas's open door & moving on and the CovTel comment mentioning olive branches it did seem that the way was being paved for some kind of progress. I wonder if ACL are reacting or pre-empting to something that hasn't gone public yet?
I'm not sure many people who were owed that amount of money whilst at the same time had the company who owed it to them taking legal action would be waiting with arms open to do business again. Of course we would all love a statement from ACL that says come back, you can have the ground for free and all the revenues but they are business and have to act in a manner they deem suitable.
The flip side is they have left a very clear route to return, pay what you owe, drop the legal action and then things can move forward. Maybe not an ideal scenario for us fans but not an entirely unreasonable one.
Of bigger concern it seems ACL know nothing of the money owed being in escrow. Given that the FL also haven't commented on this the only people who have said there is nothing to worry about are SISU. Surely if the money was sat there ACL would know about it and be clear what the dispute was and the FL could quickly issue a statement saying everything was under control and there is no danger of further action against the club.
As has been said before, the £590K is in escrow and the FL are looking at this issue of whether the rent guarantee money from Mike 'n' Geoff should count towards rent received by ACL. If we were getting points docked we'd know about it by now so it's just a case of waiting until the FL make their decision.
This "we're waiting for the FL" is obvious bollocks. Why would the FL need to get involved? The deal was clear, the judge was clear about what was rent or not, it's just the club trying to spin things out for a bit, as always.
I can only see one way SISU would come back to the table and that's if ACL/council actually found a new tenant, whether a summer or winter tenant, something to take the pressure off ACL a bit.
It would make SISU finally make a big decision, whether to finally negotiate or go the extremely costly route of a new stadium, which most agree will be the greatest loss making stadium in British footballing history due to the hatred of those that built it.
ACL needs to finally find a use for the bowl, even if they have to plan to concrete it over and use it as a concert venue, but do something with it, if they do SISU will have to come back or they are truly rogered.
Just do something with it and SISU will have to negotiate or else
Will 100% be followed by a counter statement from SISU saying they are following procedures for clarifying the correct amount etc.....
I agree with this entirely, I say move Coventry United in there, ok it's not everybody's idea of a solution and I know the gates will be pathetically small to start of with, but it gives the people of Coventry a focus, and it's a acorn and given the right nurturing will grow into a tree.
If an hopefully when CCFC do return either probably as a newco then they can share the ground, why not.
This won't be popular with some folk.
I agree with this entirely, I say move Coventry United in there, ok it's not everybody's idea of a solution and I know the gates will be pathetically small to start of with, but it gives the people of Coventry a focus, and it's a acorn and given the right nurturing will grow into a tree.
If an hopefully when CCFC do return either probably as a newco then they can share the ground, why not.
This won't be popular with some folk.
I agree with this entirely, I say move Coventry United in there, ok it's not everybody's idea of a solution and I know the gates will be pathetically small to start of with, but it gives the people of Coventry a focus, and it's a acorn and given the right nurturing will grow into a tree.
If an hopefully when CCFC do return either probably as a newco then they can share the ground, why not.
This won't be popular with some folk.
Who's going to pay 400k a year rent and matchday costs for cov united?
Who's going to pay 400k a year rent and matchday costs for cov united?
Fuck Coventry United.
The original CCFC or nothing for me.
Who ever suggested that is the deal on offer?
But still, fuck Coventry United.
Blinkered!
Who's going to pay 400k a year rent and matchday costs for cov united?
That's how I see it. The FL have constantly said they can't/wont get involved in a commercial rental dispute between the 2 warring parties. The £590000 was apparently always payable in return for the Golden Share, and nothing to do with the owed rent. We have never heard of any caveats put in place with the agreed deal. The trouble is that the £590000 payment to ACL from SISU will surely guarantee ACL's survival for the medium term, even if you assume they are struggling to survive, which has never been proved anyway. That surely explains SISU apparent desperation not to hand over a single penny if it can be helped to ACL.Have you seen any solid evidence to show the money is in escrow? If it was the FL could issue a quick statement saying we are holding the money and will make a decision on what is owed. And if there is a dispute surely they need to speak to ACL and sort it out, should take about 5 minutes not weeks. I find it hard to see where the dispute is, the £590K in the CVA was not a rent payment even before you consider the £590K ordered to be paid by the FL is not part of CVA or any other agreement.
It seems very simple to me, SISU were told to pay £590K (not for rent or any other purpose a straight payment) by a certain date and haven't. First we had them saying it would definitely be paid before the deadline, then it was late due to banking issues and now we've got we don't think we have to pay it, doesn't fill me with confidence.
Points can be docked until a few weeks before the end of the season so while I hope we don't get a further deduction I don't think we can conclude from the fact it hasn't happened yet that it won't happen.
This is all becoming pathetic now. This constant positioning in the press is fucking ridiculous, and shows clearly that no-one from either persuasion gives a fuck about the fans.
SISU owe ACL that money. Some of which is claimed to have been paid by guarantors. SISU claim to have put the money into an ESCROW account. ACL claim to have not been paid as per the agreement. The FL don't seem overly bothered at this point. All talk but no hard evidence anywhere. We can't even find a copy of this 'agreement' anywhere in the public domain.
ACL should have their 590K - but not a penny more. If 300K has already been paid up then they only need the balance of 290K. To suggest they deserve more due to loss of income is bollocks. The club should not be liable for any loss of ACL's income - seeing as ACL gave the club precisely fuck all of the income that they generated for them.
A simple statement from FL or Liquidator to confirm the situation is all we need. Not more bluster and bullshit.
As for negotiations to return to Ricoh. Anne Lucas is in charge of the council. The council own ACL do they not in conjunction with Higgs. So who the fuck is making the decision here? She said the door is open. Joy needs to stop pissing about and deal direct with her and sort it out and get us back to the Ricoh promptly. The people at ACL need to be put in place by Lucas, and she should be the one calling the shots. (happy to be corrected but this is how it should be IMO)
secondly after fernando's question, can they do that legally? or will sisu sue?
Who ever suggested that is the deal on offer?
I mean, taking the higher rent offer is a stretch, but ignoring the fact that they are several leagues lower is just silly.
You or I could rent the Ricoh for 23 games at £5k a match - £115k all in. Obviously there'll be a limit on attendance and other uses throughout the year, but if you want a starting point, that's a far better place.
But still, fuck Coventry United.
I'm not generally against ACL, who I think have largely been the wronged party in all of this. However, I can't see this statement as in any way helpful - this looks a lot like closing doors rather than opening them.
Well, whatever the costs its still a wank idea.
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