Brighton Sky Blue
Well-Known Member
Look at the offer being rejected and tell me who's the one taking the piss.
I think they have just took the piss.
Look at the offer being rejected and tell me who's the one taking the piss.
They took it as part of the rent.
So it has been taken off the rent arrears then.
Whoever decided on leaving highfield was a clown. Worst move ever.
If the money was there, I'd tell ACL and the council to shove it and build another smaller multi-use stadium. That way the club could get money from more then just games and other events too. Ricoh is far too big for every event and so on..
No because we're obliged to keep it full.
Indeed but the greedy bloated ACL wants its cake and eat in and the delusional supporters want them to devour it as well.Then why bother taking it out of the escrow account at all?
The Escrow account is down £500,000 because it has been taken out to pay the rent arrears, therefore the rent arrears are reduced by £500,000.
Then why bother taking it out of the escrow account at all?
The Escrow account is down £500,000 because it has been taken out to pay the rent arrears, therefore the rent arrears are reduced by £500,000.
Rent arrears may be reduced but we are obliged to keep the escrow at £500k-it's not complicated in the slightest. Fisher has insinuated that this counts as the club paying rent-it patently doesn't.
Clearly the pro SiSU gang trying to use a Blair WMD reasoning to justify the unjustifiable.
The council SOLD land to tesco - This was (to nearest million) 42 +17 million which is 59 million + £10 equity + 21 million loan!
As anyone who has ever purchased a property, its very rare to pay entirely by cash/equity.
The council sold land, obtained a loan, and put in £10 million in effect a 10% deposit!
ACL / Council's figures add up - SiSU's don't!
Once again the sisu trolls wax lyrical how they "saved" the club, when there is absolutely no evidence !
Sisu insist they have ploughed in £40 million, but they also claimed that when they took over the debts were cleared.
Considering SiSU have equitised £60 million of debt that means in the 5 years they have been in control of the club, they have lost £100 million!
ANYONE who supports such blatant liars as Sisu really has to take a long hard look at themselves, because what they have done and what they are doing is indefensible.
I appreciate that you have jibbered on relentlessly as to how great SiSU is, but their figures do not stack up, their defense doesn;t stack up, and ACL/council have been open and honest and provided the figures for revue - when was the last time SiSu was prepared to do that?
That's business im afraid.
The council are not a business. They are meant to represent the community of which the club is part of. I've said it before the council appear just as bad as sisu in this matter!
I am so confused.</p>
<p> </p>
<p>Who owned the land on the old gasworks site ?.</p>
<p>I thought it was british gas / transco. It wasn't ccfc but they seemed to have been to speculate with it as if they owned it, negotiating deals with Tesco as well as spending money on the decontamination.
<p>
Poor business decisions by ccfc are business. Should the evil council have not stepped in to rescue the project?
Ccfc also have a responsibility to the community, yet this is largely ignored.
I'd suggest the Council did back the club when it bailed out the stadium project when it was about to fail because of CCFC's hideous mismanagement.
However there are about 300,000 people in the city, and the council has a duty to all of them, not just the 10,000 or so hard-core CCFC fans.
Even if these weren't hard times, and there weren't things like SureStart centres being closed and carers being laid off, the Council still has a duty to make sure it recovers its investment of public money.
SISU have quite clearly threatened the viability of the Arena, by the rent strike, their failure to negotiate in good faith, and their subsequent comments regarding liquidating the club. Personally speaking, I can't really blame the council for us being where we are.
Clearly the pro SiSU gang trying to use a Blair WMD reasoning to justify the unjustifiable.
The council SOLD land to tesco - This was (to nearest million) 42 +17 million which is 59 million + £10 equity + 21 million loan!
As anyone who has ever purchased a property, its very rare to pay entirely by cash/equity.
The council sold land, obtained a loan, and put in £10 million in effect a 10% deposit!
ACL / Council's figures add up - SiSU's don't!
Once again the sisu trolls wax lyrical how they "saved" the club, when there is absolutely no evidence !
Sisu insist they have ploughed in £40 million, but they also claimed that when they took over the debts were cleared.
Considering SiSU have equitised £60 million of debt that means in the 5 years they have been in control of the club, they have lost £100 million!
ANYONE who supports such blatant liars as Sisu really has to take a long hard look at themselves, because what they have done and what they are doing is indefensible.
I appreciate that you have jibbered on relentlessly as to how great SiSU is, but their figures do not stack up, their defense doesn;t stack up, and ACL/council have been open and honest and provided the figures for revue - when was the last time SiSu was prepared to do that?
ACL / Council's figures add up - SiSU's don't!
Sisu insist they have ploughed in £40 million, but they also claimed that when they took over the debts were cleared.
Considering SiSU have equitised £60 million of debt that means in the 5 years they have been in control of the club, they have lost £100 million!
January: CCC bail out ACL to the tune of £14M
April: CCC have to save £65M over the next three years and slash the community services budget by £15M.
January: CCC bail out ACL to the tune of £14M
April: CCC have to save £65M over the next three years and slash the community services budget by £15M.
Really? How did they justify spending £14m on rescuing ACL then?
imp:
Really? How did they justify spending £14m on rescuing ACL then?
imp:
That 14m is now a debtor asset rather than a cash asset.
SBT Translation:</p>
<p> </p>
<p>It's ok to close day care centres and care homes as long as ACL are able to keep holding wedding fayres in their "community asset".
<p>
I didn't realise it was a gift of £14m for acl.
Here was me with this crazy idea that acl had to make repayments with interest.
I'm baffled, There's a lot of conflated arguments here. First up, the Council haven't recieved a penny from ACL, have they? There hasn't been a dividend on the council's share of ACL.
However, if the council didn't take over the £14m mortgage from Yorkshire then there was the real risk that the bank might have got twitchy because of SISU's refusal to pay the rent. That could've led to SISU picking up the stadium for next to bugger all, and the Council losing all of its investment so far. There's a decent justification for taking over the mortgage, I'd have thought.
The benefit to SISU of the council doing that, was that the payments on the mortgage went down, so the rent could be offered for less.
So as well as getting the stadium built when CCFC couldn't afford it, they've also helped push down the rent, and they haven't yet made any money from ACL. And yet, somehow, the council is anti-CCFC, or profiteering. I can't see that, sorry.
<p>
Poor business decisions by ccfc are business. Should the evil council have not stepped in to rescue the project?
Ccfc also have a responsibility to the community, yet this is largely ignored.
Keep it factual greggo ,the loan ACL are paying down through the 50 yr lease covers the Construction cost Shortfall ,its a vehicle created to ensure the thing got built ,Local Government we were told at the time can't be seen to support a private entity.
In fact the conservatives on the council opposed the plan to support the rescue of the project.
If only the Club could have secured those funds ,Why was that again?would they have a better chance now?? Just why could'nt we ?Our debts were less and we were a division or two higher with double the fanbase
Nobody except CJ is-it is just that I hold a different entity responsible for it. Fisher gave us a 10 point penalty at the start of the season by retaining Thorn and is set to give us another.
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