ohitsaidwalker king power
Well-Known Member
I assume you mean me- prey tell how did you deduce that.. and please dont undermine my support for CCFC with your own twisted thoughts
At least you and Walker are honest -- you want ACL to prosper and are no longer interested in the football club
Given that the article le is essentially a condemnation of the council and ACL its hilarious its used in the case for their defence.
"We"? So suddenly ACL are "we"? How informative. Thanks.
If you don't rise to the bait he will clear off back to gmk !!!!
Well lets hope ACL have deep pockets now Northampton confirm they have rejected an out of court settlement for compensation from them following ACL's withdrawl of court action.
So Grendel you hope that ACL become bankrupt, well if they go into administration it will be sold to the highest bidder, so it will be curtains for your beloved SISU and the pittance they want to pay.
Spot on as usual.
Tim said SISU dont posture, they had moved on, the conclusion must be that they didnt want the Ricoh as they were building a new stadium. I wish they would get on with.
Or, SISU do posture because they have now decided they do want the Ricoh after all. In which case pick up the phone arrange a meeting and see if they can do a deal instead of complaining in the Telegraph and on Sky about the naughty council. .
Totally unfounded and total bollocks.
At least you and Walker are honest -- you want ACL to prosper and are no longer interested in the football club
Very aggressive Mr Grendel, you sound nearly as desperate as SISU do. Not sure what part is bollax the hedge fund at my old company is true, I don't trust them, is true, the potential to sign the club to an onerous lease then sell the stadium on is a possibility. SISU need to make a return on their investment, they aint going to make that through selling the club as it stands, it has no assets etc..
What does the all wise Grendel think is their masterplan, other than getting the Ricoh on the cheap. We await your words of wisdom, don't bother slagging off ACL or CCC which is all you ever offer just tell us what you think the SISU boys are going to do with this once fine club.
he'll get back you you this evening
And come out with a decent truthful comment tomorrow.
Just a shame that tomorrow never comes.
Suspect it is a quite literal interpretation of the line..."I appreciate I do lean more towards ACL and the council in this stand off."
Personally covmark post hit the spot for me...same old thread topic with same old faces posting the same old arguments.
Hope THEY enjoy it...I'm sick to my back teeth of it tbh.
Just why should ACL sell an asset at a knock down price to a company with massive debts (£70M according to the last statement from Mr Appleton I think) and no published accounts or viable business plan, surely that is madness and anyone with an ounce of common sense can see it..
.
So Grendel you hope that ACL become bankrupt said:I don't quite get some of this. As I understand it:
ACL is 50% owned by CCC.
CCC own the Ricoh's freehold and are ACL's main creditor by virtue of CCC's £14M buyout of ACL's loan from Yorkshire Bank
and ACL's main (only) asset is the long term lease on the stadium, which they manage by sub-letting, however ineffective they may be at it.
I don't understand how ACL can be 'distressed' or 'made bankrupt' when the major creditor is also a major stakeholder. I see that the lack of rental income is not a desirable situation, and that at some stage CCC might consider that its own involvement in ACL puts it in a problematic situation, but I hope that someone can enlighten me because at the moment I see the oft repeated accusation that SISU want to distress ACL to get the Ricoh 'on the cheap', and whilst that mantra seems enough to keep the pot of vitriol boiling, it doesn't actually make much sense to me.
To be honest I was more interested in seeing how people think it will conclude.
For me it will take ACL to enter preliminary discussions with an other party.
I can't see it ending in a new stadium
From what i can gather, the council bought the mortgage, what happens if you dont pay your mortgage, the lender reposeses, the council are the lender.............
I may stand corrected!
I wonder if SISU would try and get Appleton to do any administration work for ACL?
There's this song that goes "There's a hole in my bucket, Dear Lisa, Dear Lisa ..........................."
As an aside, if Sisu were to buy the Ricoh then I would put money on it being in CCFC or a new subsidiary with management fees going to another company in the Sisu group - probably at similarly inflated rates as they are currently charging.
I agree. However, I can see Avro lending (on paper) to CCFC to "pay" the inflated management fees that will be charged to CCFC by the parent company. Avro build up the debt and then take a debenture (a first charge) over the Ricoh before CCFC eventually go into administration if a buyer with more money than sense cannot be found for the club.
Like the day you actually leaving this forum rather than making attention seeking posts about leaving, never does either.
Where's the evidence of this sub-letting?
Good Morning Torch!
Lets see if I can help you with your question, evidence can only be produced if an event has actually occurred, as SiSu don't own the Stadium, they cannot sub-lett it, therefore no evidence can be produced, that's why you cant see any.
Hope this makes things clearer.
with respect as always...Tankie
Gasp !!!!!!!
What would that mean ccfc split from the Ricoh ?
Um where have i seen this scenario before ?
Surely not Grendel, Godiva's,RFC's beloved Sisu !!!!!!
I agree. However, I can see Avro lending (on paper) to CCFC to "pay" the inflated management fees that will be charged to CCFC by the parent company. Avro build up the debt and then take a debenture (a first charge) over the Ricoh before CCFC eventually go into administration if a buyer with more money than sense cannot be found for the club.
How much sense would that make? What would be the purpose?
Here's a question for you: Sitting on the £14m loan to ACL, do you think the CCc have taken some kind of security against assets in ACL? I believe they have, if not they should be shot at dawn. And if they have - is that not exactly the same situation as the scenario you describe if you replace 'ARVO' with 'CCC'? Is that a profitable situation for CCc?
@ Torchy....Prove I'm lying...If "Charging management fees" is not a rent what is?....SISU are supposed to OWN CCFC ffs. Don't call me a liar, your mate Grenduffy is the biggest liar/WUM on this forum
Can you actually prove that any money has gone from the club into sisu's pockets?
The management fee's were used to distribute cost between the companies in the group. Not to fill sisu's pockets.
JS and TF have said it - not one penny has gone back to sisu.
Unless you can prove them wrong, you are only making up assumption to support your allegience. Doesn't make you right though and so you're fooling yourself.
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