Is the CVA delay positive or negative ? (1 Viewer)

jesus-wept · Jul 23, 2013

Delaying an answer to this CVA for another week is annoying, still got the Sixfields threat, still unable to bring new blood in, but then again it does indicate there is at least some dialogue going on. Is that positive ? Seppala did say she wanted the CVA signed before getting involved in any discussion re. the Hoffman proposal and I am certain ACL are saying we won't sign with this ground share hovering over our head, at least I hope that is their bottom line.

It also gives another 7 days for any other developments and we have to wonder who asked for this delay, sisu, acl or Appleton, we will probably never know. To be honest I am a little more positive than I was, or is that fools gold ?

duffer · Jul 23, 2013

jesus-wept said:
Delaying an answer to this CVA for another week is annoying, still got the Sixfields threat, still unable to bring new blood in, but then again it does indicate there is at least some dialogue going on. Is that positive ? Seppala did say she wanted the CVA signed before getting involved in any discussion re. the Hoffman proposal and I am certain ACL are saying we won't sign with this ground share hovering over our head, at least I hope that is their bottom line.

It also gives another 7 days for any other developments and we have to wonder who asked for this delay, sisu, acl or Appleton, we will probably never know. To be honest I am a little more positive than I was, or is that fools gold ?

Personal opinion, I think the delay is positive. I thnk SISU would like this all to go away now, and I can't help but think that it's ACL who are stalling, perhaps in the hope of further investigations and/or pressure on the FL to change their stance.

Dhinsa's_Millions · Jul 23, 2013

duffer said:
Personal opinion, I think the delay is positive. I thnk SISU would like this all to go away now, and I can't help but think that it's ACL who are stalling, perhaps in the hope of further investigations and/or pressure on the FL to change their stance.

Its interesting that the Higgs charity and the Council apparently have different opinions on the future - could this be an internal divide of ACL? Do the council want to back down and accept and Higgs want to refuse?

skyblueexile · Jul 23, 2013

positve as I see it hopefully he told both sides to grow up and do the right thing for once

Jack Griffin · Jul 23, 2013

Dhinsa's_Millions said:
Its interesting that the Higgs charity and the Council apparently have different opinions on the future - could this be an internal divide of ACL? Do the council want to back down and accept and Higgs want to refuse?

I don't believe anyone but you has said that.

duffer · Jul 23, 2013

Dhinsa's_Millions said:
Its interesting that the Higgs charity and the Council apparently have different opinions on the future - could this be an internal divide of ACL? Do the council want to back down and accept and Higgs want to refuse?

Must confess that I've not heard that rumour before - where did you get that from?

Diehard Si · Jul 23, 2013

What do you class as positive?

Us keeping SISU and not being deducted further points?

Or

Having a chance at getting rid and losing more points this season

torchomatic · Jul 23, 2013

Positive for me would be playing at the Ricoh. I think that's the most important goal. Getting rid of SISU can wait until we're back in the City. Just my opinion.

skybluelee · Jul 23, 2013

Diehard Si said:
What do you class as positive?

Us keeping SISU and not being deducted further points?

Or

Having a chance at getting rid and losing more points this season

Playing at the Ricoh is all any of us want in the first instance, isn't it?

SonOfSnoz · Jul 23, 2013

bur if Acl refuse CVA, they get nowt.
If they sign it, they get 500k.....something is better than nowt?

jesus-wept · Jul 23, 2013

ACl/council and Higgs Trust divided, can't see that and I would have thought ACL went into that meeting prepared and almost certainly knowing which way they were going, you definitely don't go into important final do or die meetings split. I would think something appeared that caused one or the other to think again. SISU head honcho Seppala wasn't there, I assume the ACL big-wigs were, so who needed more time ?

percy · Jul 23, 2013

SonOfSnoz said:
bur if Acl refuse CVA, they get nowt.
If they sign it, they get 500k.....something is better than nowt?

i dont think its about what acl gain right now its what they stand to lose in the future

Dhinsa's_Millions · Jul 23, 2013

duffer said:
Must confess that I've not heard that rumour before - where did you get that from?

I'm sure there was an article in the Telegraph from PWKH stating words to that effect albeit some reading between the lines - let me try and find it - It was at least a week ago.

Skyblueweeman · Jul 23, 2013

Dhinsa's_Millions said:
Its interesting that the Higgs charity and the Council apparently have different opinions on the future - could this be an internal divide of ACL? Do the council want to back down and accept and Higgs want to refuse?

Wouldn't it be the other way round? I'm sure there was an article about Higgs potentially offering their stake for something like £4m?

WM

Spionkop · Jul 23, 2013

Throwing this in, didn't want to start yet another thread. Peterborough United & their rental agreement with their council. Seems they've had a rent reduction from £500,000 down to £300,000 with renovation work as well.
http://www.bbc.co.uk/sport/0/football/23424837

Diehard Si · Jul 23, 2013

skybluelee said:
Playing at the Ricoh is all any of us want in the first instance, isn't it?

I'm not sure that's on the table either way is it? This meeting certainly isn't really about that. It's about whether we exit admin via a cva or head towards liquidation.

Skybluesquirrel · Jul 23, 2013

Dhinsa's_Millions said:
I'm sure there was an article in the Telegraph from PWKH stating words to that effect albeit some reading between the lines - let me try and find it - It was at least a week ago.

I think PWKH was stating the position of the Higgs Trust. He's not in a position to comment on the councils opinion.

I can't imagine there's a split

chiefdave · Jul 23, 2013

Spionkop said:
Throwing this in, didn't want to start yet another thread. Peterborough United & their rental agreement with their council. Seems they've had a rent reduction from £500,000 down to £300,000 with renovation work as well.
http://www.bbc.co.uk/sport/0/football/23424837

If you read it it's not quite that straightforward.

As part of a new 25-year lease Posh's rent will increase to £380,000 per year when the Moy's End work is complete, with construction expected to begin in September, and the council will be due £430,000 a year when both stands are finished, thought to be by the start of the 2015-16 campaign.

Also says their ground was sold 3 years ago for £8m, so if rent on a stadium worth £8m is £300K then £400K for the Rioch would seem to be a bargain!

dongonzalos · Jul 23, 2013

Dhinsa's_Millions said:
I'm sure there was an article in the Telegraph from PWKH stating words to that effect albeit some reading between the lines - let me try and find it - It was at least a week ago.

In a interview last week.
He said the charity and the council were great partners in agreement

SkyBlue_Bear83 · Jul 23, 2013

It's a negative, the sooner a decision made regardless of the outcome the better

blend · Jul 23, 2013

The CVA is there for ACL to sign up to isn't it - the adjournment meant in the first instance they refused the administrator's offer.

Spionkop · Jul 23, 2013

Chief, just put it in, making no comment on it, though having been to Peterboro a few times it did seem to me that the rent was sailing close to the oft quoted £400,000 a season ACL apparently offered Sisu a while back, which they rebuffed. & obviously the Ricoh a far better stadium. Peterboro ground fairly antiquated. Though the plus for it is that it is fairly centrally located. Unlike the Ricoh.
Think it's pretty clear Sisu just want something for nothing at every turn.
Still no details of this proposed new ground.
At least ACL haven't just turned up & signed the CVA, which is what we are hoping they'd do, decline it. Sisu have got to be exposed. To be honest I'd take another 15 point hit if it got rid of them. There's a bigger picture going on here. Going to Northampton would be the end for our club as we know it.

RPHunt · Jul 23, 2013

Spionkop said:
Chief, just put it in, making no comment on it, though having been to Peterboro a few times it did seem to me that the rent was sailing close to the oft quoted £400,000 a season ACL apparently offered Sisu a while back, which they rebuffed. & obviously the Ricoh a far better stadium. Peterboro ground fairly antiquated. Though the plus for it is that it is fairly centrally located. Unlike the Ricoh.
Think it's pretty clear Sisu just want something for nothing at every turn.
Still no details of this proposed new ground.
At least ACL haven't just turned up & signed the CVA, which is what we are hoping they'd do, decline it. Sisu have got to be exposed. To be honest I'd take another 15 point hit if it got rid of them. There's a bigger picture going on here. Going to Northampton would be the end for our club as we know it.

Peterborough rent will rise to £380k after first improvement stage and £430k after the second and their chairman seems to be very pleased with the deal. I guess if he could get a stadium like the Ricoh for £400k, he would be ecstatic.

stupot07 · Jul 23, 2013

RPHunt said:
Peterborough rent will rise to £380k after first improvement stage and £430k after the second and their chairman seems to be very pleased with the deal. I guess if he could get a stadium like the Ricoh for £400k, he would be ecstatic.

What do Peterborough get for the £380-430k? Do they rent the whole thing 365 days per year or just for 23 days per year? Do they get all F&B's? Do they get to sublet out function rooms, etc?

Samo · Jul 23, 2013

torchomatic said:
Positive for me would be playing at the Ricoh. I think that's the most important goal. Getting rid of SISU can wait until we're back in the City. Just my opinion.

Not what I'd have wanted originally but in context... yes, agreed.

Broken Hearted Sky Blue · Jul 23, 2013

stupot07 said:
What do Peterborough get for the £380-430k? Do they rent the whole thing 365 days per year or just for 23 days per year? Do they get all F&B's? Do they get to sublet out function rooms, etc?

What function rooms have you ever been to Peterborough:facepalm:So for 400k Sisu want everything the rents for the Casino hotel rooms conferences ffs. There would be none of these at London Road get real

Sky Blue Harry H · Jul 23, 2013

[h=2]Is the CVA delay positive or negative?[/h]
Only one way to find out...................................................................FIGHT !!!

RPHunt · Jul 23, 2013

Furthermore, the new Peterborough rents were agreed after a review by commercial property consultants Lambert Smith Hampton.

They concluded that rental of a ground, with a 15,000 capacity and described as an ‘old fashioned, run-down dump’ by the Peterborough chairman, was worth £300k a year. On this basis, no amount of spin can deny that the Ricoh at £400k a year isn't extremely good value.

Spionkop · Jul 23, 2013

RP, Yes, I think that Irish chairman at Peterboro definitely would. Though I have to say the compactness of their ground makes a better atmosphere than a one third full Ricoh.

RPHunt · Jul 23, 2013

Spionkop said:
RP, Yes, I think that Irish chairman at Peterboro definitely would. Though I have to say the compactness of their ground makes a better atmosphere than a one third full Ricoh.

I agree with you about the atmosphere, but who's fault is it that the Ricoh is only one third full?

And the way to recreate that atmosphere isn't to keep moving to a smaller ground until you can fill it.

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