How are new owners going to do it? They won't start on £0 debt and investments will be loans adding more debt to the club.
I would prefer to be in leics shoes...debt same as ours still with a chance of prem and a good standard of football with decent gates and own their own ground
us???? same debt (75m), owners obsessed with suing every company that has any dealing with us ,no ambitions on the playing side of things ( steven Prssley -- prime example) and doesnt give a shit about the fans##
what is your soution?
That's harsh...Pressley (& others) was interviewed by them -were YOU there?
New owners will start with the debt= value they have agreed to pay for the club. A decent investor will actually invest in the right areas and grow the club, onfield and off, and realise the potentia;
All SISU ( HEDGE FUND) are interested in is grabbing assets at low value and selling at a profit
If you think otherwise, you are sweetly deluded.
How are new owners going to do it? They won't start on £0 debt and investments will be loans adding more debt to the club.
I would welcome new owners, but I don't advocate the A.B.S (anyone but sisu) stance that I see the nopm campaign as representing.
Not sure, I know they they're losing £15.5m per annum before player transfers.
They paid either £17 or£19M for their "Stadium" Ie;- Pitch side after the pension fund that enabled their build had received around 50% from build to now so recouping the full construction cost , Barr the amount they cheated the Contractor out of
We have Paid £ 8.4M. since move in . o
On the basis of their deal we would need to pay Higgs '£6-8M....The mortgage at £15M. and the Councils input £10M. +a little more just to have the ground Element.
Then potentially £24m for the F&B'S off Compass.
Again. That's solely your figure. Not recognised by any other party, is it? Is it?
Then potentially £24m for the F&B'S off Compass.
This is correctI think someone has misconstrued the figures and Compass have invested £4M. for a 25% stake in a joint Company with ACL . IEC ltd.
The figure of £24M. was quoted by Daniel Gidney at the outset of communication which may?? have also required an annual rent payment of circa £500k.?? that I believe was for the outright purchase of ACL.
I think someone has misconstrued the figures and Compass have invested £4M. for a 25% stake in a joint Company with ACL . IEC ltd.
The figure of £24M. was quoted by Daniel Gidney at the outset of communication which may?? have also required an annual rent payment of circa £500k.?? that I believe was for the outright purchase of ACL.
Not at all impressed by Pressley...seen every game under his management.
if you think he is the way forward, I sincerely hope you are right!!
Pressley + youth team..which by the way TF told me last weeek they would happily sell any player worth a fee
Not saying you are wrong or right...just far too soon to judge him. Not sure given the present circumstances of the club when exactly would be the best time to judge him. Failure on the pitch would easily be accredited to the mess off it - success...everybody off the pitch would claim as much of the credit as they could.
Er, thanks Jim for broadcasting your twitter tag... We'll all follow you immediately
The football league are clueless and we now know the legal case it's in holdings is a strong one.
I'm in a minority of 1,but I believe Sisu started planning their exit at the end of 2011.....where we are now and where we end up are part of these plans....They're going on their terms..:jerkit:
I think someone has misconstrued the figures and Compass have invested £4M. for a 25% stake in a joint Company with ACL . IEC ltd.
The figure of £24M. was quoted by Daniel Gidney at the outset of communication which may?? have also required an annual rent payment of circa £500k.?? that I believe was for the outright purchase of ACL.
They do not have a strong case, that is Fisher's spin.Originally Posted by Grendel:
The football league are clueless and we now know the legal case it's in holdings is a strong one.
Why do we now know that?
Tbh I've never heard of Compass having a stake in ACL. Is that the case.
I listened to it on the radio tonight, and I thought there were a couple of major errors by Fisher (and the other guy whose name escapes me) that weren't really followed up by anyone.
Firstly, when he was asking the academy kid who paid his wages last month, this is completely irrelevant to the point that was being made. The lad said that his payslip (as presumably was his P60) was from CCFC Ltd and not from Holdings. This means that his wages (and tax/Ni) are submitted to HMRC through Ltd. The question of who paid his wages matters not one iota, if Holdings paid his wages the cash would be trasnferred via an inter-company account on the balance sheet, but the wage cost itself is in Ltd. I could have paid his wages myself but the cost is still in Ltd (as we already know from the last submitted accounts).
Secondly, when the accountant was talking about where the GS is and the company name and reg no. he said that the name can change but the number can't (which is correct). The FL annual return submitted in June last year shows tha the GS is in company no. 03056875, which is Ltd. the reg no. of Holdings is 00094305.
Thirdly, when he said the accounts were a "mess" I didn't hear anyone ask him about the turnover of Ltd being £10.2m in 2011? As with the PAYE, any turnover included in the accounts must be submitted on the VAT returns for that company. I assume these were reconciled when the 2011 accounts were prepared (as is common practice) and agreed. So if this turnover was for Holdings, have all the VAT returns been submitted incorrectly?
I will be at Mondays forum and am hoping to get the chance to address these points to Mr Fisher.
I'm not sure if this has been mentioned on here already, but 5 mins before the forum went on air, Stuart Linnell told everyone over the mic that he'd signed the Keep City in Coventry petition and told Fisher we had better start the season at the Ricoh or else, which was met with a lot of applause and cheering. This was told to me by someone who was there tonight.
Compass do not have a stake in ACL. IEC is a joint venture between ACL and Compass.
They do not have a strong case, that is Fisher's spin.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?