Fair enough, but you have to admit that you hide your anti-SISU passion under a bushel somewhat these days compared to, say, your anti-ACL/Council sentiments? I might be slightly suggesting that you enjoy swimming against the tide
Not everybody, Ashdown always very suspicious too, Tommy Atkins predicted pretty much spot on the likely outcome years ago of their ownership(yet gets derided as a Sisu worshipper).
There are a few though that just follow the crowd and as soon as it starts going the other way change sides very quickly, like Italians in a war.
Always tried to use rational arguments, which is why when it was majority pro-Sisu everywhere i was shouted down, and now it's majority anti-Sisu still shouted down(generally by the same people who were fanatically pro before).
There's a herd/mob mentality that is quite distasteful and that doesn't allow any argument that doesn't meet the consensus.
didnt chris coleman say we had the most left footed players he has ever seen in one club ? :thinking about::thinking about:
I can't read anywhere that the documents suggest that the plan was to put ACL out of business. I understand the plan was to distress the mortgage so Yorkshire Bank would sell the mortgage to sisu for £2m-£5m. I think the mortgage was around £16m-£18m so if the plan had gone through ACL would be cutting their debt by a factor of 4 ... or down by 75%.
That would give ACL room to lower the rent to what ccfc want.
If SISU had acquired the loan, do you think that they would have charged ACL a fair rate of interest? Alternatively, would they perhaps have insisted on the repayment of it?
Although SISU may have acquired the loan for £2-5m, ACL would still owe the £16-18m. Do you seriously think SISU would have simply written off the difference?
What ACL, Higgs or CCC may or may not have done is totally irrelevant to the fact that I believe SISU have been and are and will continue to be a disaster for our club and need to go as quickly as possible.
Thanks for exposing the breathtaking double-standards of many people on here. Those who bleat about it all being about "doing the right thing" and morals are hypocrites like yourself.
There have very few people on here who have acknowledged that blame lies on both sides. Unfortunately, the majority like yourself let the hatred blind all rationality.
I know, it's hard to believe.
But as OSB said, when the ACL chairman resigned and got a position at Yorkshire Bank the plan capsized.
There is no 'hatred'-this saga has seen the club inflict a points deduction on itself to get one over on the company it was once part of. Said company made numerous, substantial concessions to the club, and was met with resumption of the boycott.
When you're owed £1.3m and the debtor has refused every entreaty to settle (despite you being willing to cut the arrears), what choice are you left with?
Acknowledge the arrangement had been punitive and unfair for years and charge a peppercorn rent like Doncaster, Hull and Swansea. Fact is they would never have been put in this position by their councils would they?
Acknowledge the arrangement had been punitive and unfair for years and charge a peppercorn rent like Doncaster, Hull and Swansea. Fact is they would never have been put in this position by their councils would they?
Thanks for exposing the breathtaking double-standards of many people on here. Those who bleat about it all being about "doing the right thing" and morals are hypocrites like yourself.
There have very few people on here who have acknowledged that blame lies on both sides. Unfortunately, the majority like yourself let the hatred blind all rationality.
If SISU had acquired the loan, do you think that they would have charged ACL a fair rate of interest? Alternatively, would they perhaps have insisted on the repayment of it?
Although SISU may have acquired the loan for £2-5m, ACL would still owe the £16-18m. Do you seriously think SISU would have simply written off the difference?
Funny that the club only acknowledged this once they secured another relegation. Walsall shell out £450k on the Bescot yet secured a higher finish than ourselves-clearly it's not the sole determinant to success.
WHAT BLAME?
whereas AT THIS TIME THERE ARE NO SUCH PROVEN ACTIONS ON THE PART OF ACL OR CCC.
Could argue Walsall have been hamstrung by their ground arrangements for years, though.
If this is true - I need to stress that it has not been confirmed by other sources - then we need to rethink the perception of sisu being the devil incarnated trying to pray on a local council and a charity foundation. If this is true it was a joint plan by all involved.
We may also need to wonder if 'CCC will NEVER sell their part of ACL to sisu' was another 'marketing' statement to sustain the pressure on Yorkshire Bank.
The objective was to restructure the 'food chain' of the football club - make sure it stood on financial solid ground and generated enough income to be independant of constant extra funding and had revenue to make it possible to have a squad under SCMP that can compete in the leagues.
As one of the cornerstones in the plan was to acquire the Higgs shares - then the club would own 50% of ACL. And by writing down ACL's debts to the price of the mortgage, ACL effetively goes up in value. It's a twisted investment, but one that actually produce an immediate asset increase in the clubs balance sheet (opposite of asset stripping).
Could just be another way of SISU trying to frighten off another investor in CCFC by saying the council or ACL can not be trusted, just like they did with the last investor that was intrested by releasing his name to the press!!!
And who do you propose pays the mortgage that helped build the stadium,............The money tree fairy?
Remind me how much was the original mortgage?
It could - but then again they have to present their case to a judge. They must believe they have evidence to back their claim.
I hope there will be statements from CCC and ACL today or tomorrow.
Edit: I would really like to see a statement from the former ACL chairman - now director at Yorkshire Bank.
£10m grant....£21m Mortgage.....look at the link below.
Remind me who it was that took out the mortgage and saved CCFC by throwing them a lifeline?
http://www.coventrytelegraph.net/co...meline-to-the-ricoh-arena-row-92746-33142794/
Acknowledge the arrangement had been punitive and unfair for years and charge a peppercorn rent like Doncaster, Hull and Swansea. Fact is they would never have been put in this position by their councils would they?
JUST STOP THIS RIGHT NOW!
How dare you try and introduce facts into a "discussion" with Grenduffy.
NO! They do not HAVE to present their case to a judge. They can withdraw this at the last moment just as they withdrew their appeal against the points deduction at the last moment. This way they muddy the waters yet again at little cost and cast doubt on everyone else without having to prove anything and delay the entire process. It might be weeks or months before this judicial review starts, giving SISU weeks or months of delaying tactics and having unsubstantiated claims out there causing confusion.
A
I cannot see this being entertained by the judge. The facts are ACL/CCC thought about it after SISU gave them the idea of distressing ACL for a better deal from Yorkshire bank but they backed off knowing this will not go down well if it got leaked out or possibly when Kevin Foster MP demanded more transparency whilst they were probably having these deals behind closed doors.
I can't see how this can be illegal or any concern to the public when nothing came of it as ACL/CCC had a change of mind. All they were discussing was one of many loopholes in the banks financial system which they can take advantage of. They are not the only businesses that have discussed about taking advantage of this loophole.
:facepalm:
Hold on, where's the faux moral outrage?
You say, as facts(though nobody knows yet), that ACL and the Council were going to do what the court documents allege, but didn't just becuae they were worried they'd get caught?
This incessant defending and obfuscation of anything the council/ACL do is going a bit far now.
It's like some sort of hive-mind that has lost the ability for independent thought.
There is no 'hatred'-this saga has seen the club inflict a points deduction on itself to get one over on the company it was once part of. Said company made numerous, substantial concessions to the club, and was met with resumption of the boycott.
When you're owed £1.3m and the debtor has refused every entreaty to settle (despite you being willing to cut the arrears), what choice are you left with?
I suspect we scared him off after the balloongate threads on here.Btw - where is PWKH?
He use to be quick to come here whenever sisu make statements.
I think youre being very naive. You read the bile on a daily basis as much as i do.
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Assuming it was the former why would they write off so much money and accept £4-5m when as secured creditors they could potentially get hold of the ACL/lease of the Ricoh.
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