mattylad
Member
Now this is total speculation by me but its been rumbling round my head so I am going to put it down in type.
As we know SISU's original investments to CCFC is made up of a number of different equity pots each one believed to be backed by a different investor. (Onye we think was one but we don't know who the others are)
We know that these investors have long since refused to put any further money in and that it is SISU themselves now paying the bills.
There is potential that if CCFC go into administration via SISU that under a contract penalty clause some of the original investment will need to be repaid by SISU (such contracts do exist to stop investors being swindled)
This porbably could not apply if a third party is the one placing the club into administration.
Thay then put in place a CVA rescue package with a guarantee of 4 years funding for the club (say 10 million) and then carry on but without the burden of having the investor debt in placed.
Potentially SISU could for not much money write off a large chunk of £20m-£30m it has taken off investors who have long since refused to put more in.
Now they also need to get the administrator to accept the offer but I would guess anything north of 8p in the pound will be enough.
Farfetched = definitely
Have I had too much comic relief chocolate cake and coffee today = definitley
Would I put it past SISU too be so audacious = ?????
As we know SISU's original investments to CCFC is made up of a number of different equity pots each one believed to be backed by a different investor. (Onye we think was one but we don't know who the others are)
We know that these investors have long since refused to put any further money in and that it is SISU themselves now paying the bills.
There is potential that if CCFC go into administration via SISU that under a contract penalty clause some of the original investment will need to be repaid by SISU (such contracts do exist to stop investors being swindled)
This porbably could not apply if a third party is the one placing the club into administration.
Thay then put in place a CVA rescue package with a guarantee of 4 years funding for the club (say 10 million) and then carry on but without the burden of having the investor debt in placed.
Potentially SISU could for not much money write off a large chunk of £20m-£30m it has taken off investors who have long since refused to put more in.
Now they also need to get the administrator to accept the offer but I would guess anything north of 8p in the pound will be enough.
Farfetched = definitely
Have I had too much comic relief chocolate cake and coffee today = definitley
Would I put it past SISU too be so audacious = ?????