Otis
Well-Known Member
Three stabbed outside City nightclub?
Hardly news is it.
Tis if it's Fisher, Waggott and Seppala!
Three stabbed outside City nightclub?
Hardly news is it.
Tis if it's Fisher, Waggott and Seppala!
Lol lord,is there any clubs left in town? I'm pleased to say that era of my life has well and truly finished!
got to ask what are the positive ways out of this for SISU Rich............. would getting their hands on a valuable asset, with good income streams, at a knock down price if say ACL in administration, then sell it on for profit as a going concern with development rights be to SISU's advantage :thinking about:
Egg Chasers.
So what happens if acl say theyve had enough and want paying asap and fisher/sisu say no? I take it they can lock the doors and say play elsewhere? Surely sisu have to pay what they owe?
Let's say you're right (and you could very well be!) - would the council allow sisu to take over ACL completely?
Could the council not buy the Higgs shares and own ACL 100%?
Maybe the club (not sisu) would be allowed to take over ACL (or the 50%) on the cheap. Wouldn't that be like a reverse situation to when the club was forced to sell the land and developing rights back in the Richardson/Robinson era?
Let's say you're right (and you could very well be!) - would the council allow sisu to take over ACL completely?
Could the council not buy the Higgs shares and own ACL 100%?
Maybe the club (not sisu) would be allowed to take over ACL (or the 50%) on the cheap. Wouldn't that be like a reverse situation to when the club was forced to sell the land and developing rights back in the Richardson/Robinson era?
If we go with ACL being in some sort of financial trouble (which I appreciate may or may not be true) what are the implications of this? They own the lease but not the freehold don't they?
In a worse case scenario where they go into admin do the council become liable for the debt or does only a fraction of it get paid of by way of a CVA agreed with the incoming owners. Given that there is a large amount of debt does that strengthen SISUs position?