Have I missed all the other documents they've leaked, then?
As far as I can see, the leaking seems to be coming from 'the other side'.
I'd describe my current position as disliking all parties involved pretty much equally bit I've got to say, the amount of one-eyed partisanship I see on this site is making me question where I should apportion blame.
On the basis that annoying people like you support them blindly.
ACL sat by for 7 years as the club haemorrhaged money paying rent it could not afford. Then when the club is at breaking point and ask for negotiations (albeit with mixed intentions) they hold both hands up claiming absolute innocence. You can't tell me they did not see this coming. I know the club signed a contract but football doesn't operate like the normal business world, it is of great importance to many people (as the Northampton situation is proving), and contracts are broken. Were Coventry playing CL football you can bet your life ACL would be requesting a better rent deal.I'm really interested to know on what basis you blame ACL. It was Shitzu who failed to pay the due rent, It was Shitzu who failed to file the accounts when they were due and it was Shitzu who moved your club to Northampton.
ACL sat by for 7 years as the club haemorrhaged money paying rent it could not afford. Then when the club is at breaking point and ask for negotiations (albeit with mixed intentions) they hold both hands up claiming absolute innocence. You can't tell me they did not see this coming. I know the club signed a contract but football doesn't operate like the normal business world, it is of great importance to many people (as the Northampton situation is proving), and contracts are broken. Were Coventry playing CL football you can bet your life ACL would be requesting a better rent deal.
To clarify (seems you need to with this witch hunt), I attribute blame on both sides.
ACL sat by for 7 years as the club haemorrhaged money paying rent it could not afford. Then when the club is at breaking point and ask for negotiations (albeit with mixed intentions) they hold both hands up claiming absolute innocence. You can't tell me they did not see this coming. I know the club signed a contract but football doesn't operate like the normal business world, it is of great importance to many people (as the Northampton situation is proving), and contracts are broken. Were Coventry playing CL football you can bet your life ACL would be requesting a better rent deal.
To clarify (seems you need to with this witch hunt), I attribute blame on both sides.
Seemingly necessary disclaimer: I attribute blame to all 3 sides.
ACL apparently paid £1,000,000 in 'management fees' to the council in 2012. The council provide 2 board members. £500k a pop. Lovely stuff.
I know the council paid £2M seed funding to ACL.
Where is this information about management fees, never seen it documented.
It's in the accounts for ACL.
It's less scandalous when the company made a profit and those in charge don't take a wage. Unlike the people charging us millions in management fees while we leak money with no end in sight.
It's in the accounts for ACL.
It's less scandalous when the company made a profit and those in charge don't take a wage. Unlike the people charging us millions in management fees while we leak money with no end in sight.
It's a million quid for 2 council bods for a year. It's scandalous. And one board member gets £200k a year, they're not all unpaid.
Who gets paid £1 m by ACL?
What were CCFC doing during this time? Surely they're the ones who are responsible for their own business, it was never up to ACL to monitor their finances..
Have a read of the thread mate, we're using English and everything.
Yes but as you said apparently ......
ACL's accounts for 2012 state that £1m (£800k + £200k) was paid to the council for 'management fees'.
Struggling to survive financially, like every other football league club without a sugar daddy, whilst paying a very high rent. I appreciate it's ultimately mismanagement on the clubs behalf, but ACL must have considered this arrangement would risk the club's long term future, which has ultimately led to our current situation.
Ill be honest here, you may be right. But this isn't about ACL really, it was for me until they offered the rent and before we found out terms had been agreed for 50%.
I still maintain that it's different to a company building profit to one always on about cost cutting. I'd also say that frankly, beyond the rent deal offered to CCFC I don't give a flying fuck how they run their business. The same isn't true about the club I support.
Ccfc and Acl are two separate private businesses, of which each are responsible for their own financial activities.
Im afraid this is all about sisus "its not our fault" culture. They own ccfc, they are responsible for it.
What you are suggesting is acl start telling ccfc how to manage its finances. Acl has no place to do that, no more than it has any place to pick the team.
The only people responsible for the running of ccfc is sisu, and you can try and blame as many other people as you want but it doesn't change the truth.
No agreement was actually made, I asked for clarification a while back.
Also rent offers have yet to be discussed with Fisher, only the administrator. Fine, you say, but then happy to talk to people with no interest in the football club...
True, but why is that?
No doubt different people have different opinions, but to me it is clearly due to SISU's catastrophic mismanagement of the negotiations/relationship with ACL.
As Lou Reed would have advised - "Reap, reap, reap, what you sow....."
So they have only mismanaged negotiations with ACL they do that with everyone that is why we are in this state,
Everyone?
They seem to get on fine with the FL. And with Northampton.
So not everyone ... just ACL and former directors and board members.
Ill be honest here, you may be right. But this isn't about ACL really, it was for me until they offered the rent and before we found out terms had been agreed for 50%.
I still maintain that it's different to a company building profit to one always on about cost cutting. I'd also say that frankly, beyond the rent deal offered to CCFC I don't give a flying fuck how they run their business. The same isn't true about the club I support.
ACL's accounts for 2012 state that £1m (£800k + £200k) was paid to the council for 'management fees'.
Ill be honest here, you may be right. But this isn't about ACL really, it was for me until they offered the rent and before we found out terms had been agreed for 50%. .
Ccfc and Acl are two separate private businesses, of which each are responsible for their own financial activities.
Im afraid this is all about sisus "its not our fault" culture. They own ccfc, they are responsible for it.
What you are suggesting is acl start telling ccfc how to manage its finances. Acl has no place to do that, no more than it has any place to pick the team.
The only people responsible for the running of ccfc is sisu, and you can try and blame as many other people as you want but it doesn't change the truth.
No it doesnt
note 24 states that ACL PAID CCC £299935 in RATES & OPERATING EXPENSES (if you check the rateable value attributable to ACL then you will find most of that figure is rates)
then note 24 then states that ACL had SALES to CCC of £876658
Net GAIN not cost to ACL £576K
Management charges would have had to be disclosed in note 24. They are not
Yes there are directors paid but a few facts - had any council officer been paid by ACL it would have had to be disclosed in Note 24 (required under Company ACT and if not disclosed the Auditors would include in their report)- it isnt in either. Aside from which no representative of either stakeholder is paid salary, wages or remuneration. The highest paid director is the CEO of the operation D Gidney for that year (he has since left). Gidneywas not an employee of the CCC.
No mention of any management charge paid to CCC in the ACL 2012 Group accounts at all
No it doesnt
note 24 states that ACL PAID CCC £299935 in RATES & OPERATING EXPENSES (if you check the rateable value attributable to ACL then you will find most of that figure is rates)
then note 24 then states that ACL had SALES to CCC of £876658
Net GAIN not cost to ACL £576K
Management charges would have had to be disclosed in note 24. They are not
Yes there are directors paid but a few facts - had any council officer been paid by ACL it would have had to be disclosed in Note 24 (required under Company ACT and if not disclosed the Auditors would include in their report)- it isnt in either. Aside from which no representative of either stakeholder is paid salary, wages or remuneration. The highest paid director is the CEO of the operation D Gidney for that year (he has since left). Gidneywas not an employee of the CCC.
No mention of any management charge paid to CCC in the ACL 2012 Group accounts at all
True, but why is that?
No doubt different people have different opinions, but to me it is clearly due to SISU's catastrophic mismanagement of the negotiations/relationship with ACL.
As Lou Reed would have advised - "Reap, reap, reap, what you sow....."
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