Is the Football League now complicit ? (1 Viewer)

[Voice_of_Reason]

In view of today's High Court ruling that SISU witheld rent in an attempt to weaken ACL's negotiating position, can the Football League be judged to be complict in further weakening ACL's postion by agreeing to a groundshare and granting the Golden Share to Otium ?

 

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[CarpyCov84]

In view of today's High Court ruling that SISU witheld rent in an attempt to weaken ACL's negotiating position, can the Football League be judged to be complict in further weakening ACL's postion by agreeing to a groundshare and granting the Golden Share to Otium ?

It certainly looks that way to me !!!

 

[stupot07]

As appaling ad sisu's behaviour is acl were still grossly over charging the club, and their final no room for negotiation offer was still £250k more than the latest offer.

 

[torchomatic]

It's all about maybes. Maybe if SISU had paid the rent and/or ACL hadn't refused to negotiate in February then we wouldn't be where we are.

 

[Voice_of_Reason]

As appaling ad sisu's behaviour is acl were still grossly over charging the club, and their final no room for negotiation offer was still £250k more than the latest offer.

Are you for real ? SISU agreed to the rent and signed a legally binding agreement. Can't blame ACL for that !

 

[ccfcmustang]

If someone wanted to rent a house off me and put down a contract of x amount of money a month i wouldnt then turn round and say, hmmm thats a bit high

 

[Nick]

Are you for real ? SISU agreed to the rent and signed a legally binding agreement. Can't blame ACL for that !

Which agreement was that?

 

[covcity4life]

If someone wanted to rent a house off me and put down a contract of x amount of money a month i wouldnt then turn round and say, hmmm thats a bit high

would you just slowly wither away and die instead because no money for food?

stand up guy, you should own a football club

 

[Nick]

If someone wanted to rent a house off me and put down a contract of x amount of money a month i wouldnt then turn round and say, hmmm thats a bit high

Well if ACL / The council care so much about the club and the fans like they say they do then surely it is like charging your own sister 3 times the going rate for rent on a house or something?

 

[Voice_of_Reason]

Which agreement was that?

For renting the Ricoh

 

[sky_blue_up_north]

The trouble is now there is so much bad blood, neither party would ever work with the other. I blame SISU for about 75% of the whole mess, but ACL/CCC also need to look at themselves. Just wish SISU would sell up, but whoever comes in must have stake in the Ricoh, and we the fans need to have some part of it as well....

 

[ccfcmustang]

would you just slowly wither away and die instead because no money for food?

stand up guy, you should own a football club

Change of career is most welcome.

 

[Sky Blue Kid]

When SISU signed to take control of CCFC It was automatically agreeing to the rent....That is the legallity of it all.

 

[Broken Hearted Sky Blue]

As appaling ad sisu's behaviour is acl were still grossly over charging the club, and their final no room for negotiation offer was still £250k more than the latest offer.

An agreed rent which was reduced by 66% not paying the agreed rent ordered by the court to pay rent owed,no rent charged for last three games now offered rent of 150000 still not accepted and ccc acl still in the wrong. I hope we never ask ccc to help us again because I know what the answer will be:facepalm:

 

[Nick]

For renting the Ricoh

Wasn't that signed way before SISU were here?

 

[Broken Hearted Sky Blue]

Wasn't that signed way before SISU were here?

They took over they agreed to the rent

 

[Sky Blue Kid]

@ Nick Read my previous post

 

[Voice_of_Reason]

When SISU signed to take control of CCFC It was automatically agreeing to the rent....That is the legallity of it all.

Agreed -- SISU did "due diligence" and knew what the rent was -- a legally binding agreement (regardless of whether or not it is now considered too high is irrelevant)

 

[wes_cov]

Well if ACL / The council care so much about the club and the fans like they say they do then surely it is like charging your own sister 3 times the going rate for rent on a house or something?

That's why you should always keep family and business apart....

 

[pugwash]

Well if ACL / The council care so much about the club and the fans like they say they do then surely it is like charging your own sister 3 times the going rate for rent on a house or something?

Frankly I cringe when I see the comments CCC and ACL make ... they should keep to stating that it is beneficial to the City to have CCFC play in Cov (from CCC) and that they are an independent business that is being held to ransom by one tenant (from ACL). However, you have to remember that CCFC wouldn't have been able to play at the Ricoh at all if CCC and Higgs had not stepped in - they lost out on the investment revenue from the Ricoh expenditure for an uncertain chance at a future investment gain on the stadium (and Higgs don't even appear to be getting that). As with any financial deal, the greater the expected risk, the greater the required reward.

Wasn't that signed way before SISU were here?

Sisu inherited the contract when they bought the club ... so yes, you are correct that they didn't sign it, but implying that it should be reduced because they inherited it doesn't hold water.

 

[oldskyblue58]

I do not think the FL were complicit because of the JR ruling the two are really not related. What the JR is to the FL is evidence that they might not have been given the full truth by the club. Whether the FL choose to look in to it or not is their decision but being prudent I would

Where the FL could be complicit is if they made a mistake that SISU relied upon and have covered it up - no evidence seen of that however. Or if they have received evidence that the planned move to sixfields was not necessary, or is not viable and they have not investigated all of what they have been told by all parties - again no evidence of that at the moment.

 

[Sky Blue Kid]

@Pugwash...I beg to differ mate, Nobody sells anything (Especially Big Businesses) without a SIGNED RECEIPT for assets, land, or anything of consequence. Imagine being hit with a JR claiming the rent the buyer signed for was too high?!?!? wait a minute.............

 

[skybluetony176]

i've emailed them today every link i could find to every news story that says that the are complicit and every link to the judicial report stories too.

thats everyday for 2weeks solid now i have been emailing them, always polite but blunt with no bad language and as yet not 1 reply, not even to acknowledge reciept.

my guess is that they are going to keep thier heads down hoping that no one who they deem important notices the finger pointing.

 

[stupot07]

An agreed rent which was reduced by 66% not paying the agreed rent ordered by the court to pay rent owed,no rent charged for last three games now offered rent of 150000 still not accepted and ccc acl still in the wrong. I hope we never ask ccc to help us again because I know what the answer will be:facepalm:

Hopefully now that the CVA and JR can't be used as bargaining chips, ACL and CCFC can come to an agreement.

 

[pugwash]

@Pugwash...I beg to differ mate, Nobody sells anything (Especially Big Businesses) without a SIGNED RECEIPT for assets, land, or anything of consequence. Imagine being hit with a JR claiming the rent the buyer signed for was too high?!?!? wait a minute.............

I *think* we are saying the same thing - but I'm sitting here with a horrible cold so I wouldn't put money on that ....

 

[stupot07]

Are you for real ? SISU agreed to the rent and signed a legally binding agreement. Can't blame ACL for that !

Do you not think we were being overcharged? We all acknowledge that rent should have been re-negotiated as soon as they took over.

And of course you can blame ACL and the former owners for the rent deal, they negotiated it.

 

[olderskyblue]

Do you not think we were being overcharged? We all acknowledge that rent should have been re-negotiated as soon as they took over.

And of course you can blame ACL and the former owners for the rent deal, they negotiated it.

If you look back, the deal apparently offered was similar to the rent being paid for the last couple of years at Highfield Road, so, a brand new stadium, with potential for 10,000 extra paying customers would not seem overly high. The issue starts when you then can't afford it anymore, which by default leads you to think it's "too high".

Of course, the fact when the deal was originally done, there was an option to base the rent on a league based deal, and the number of attendees as well, meant, with hindsight, the wrong deal was agreed perhaps?

CCFC should have sat down and looked to negotiate this from the outset, when SISU bought the club or when we dropped to league one. Or, they could have focused their attention on the ARVO "management Fees" as they do seem to be obscenely high.... Solve that and the rent isn't such a big issue.

Of course, we all know it's never been about the rent.

 

[Grendel]

If you look back, the deal apparently offered was similar to the rent being paid for the last couple of years at Highfield Road, so, a brand new stadium, with potential for 10,000 extra paying customers would not seem overly high. The issue starts when you then can't afford it anymore, which by default leads you to think it's "too high".

Of course, the fact when the deal was originally done, there was an option to base the rent on a league based deal, and the number of attendees as well, meant, with hindsight, the wrong deal was agreed perhaps?

CCFC should have sat down and looked to negotiate this from the outset, when SISU bought the club or when we dropped to league one. Or, they could have focused their attention on the ARVO "management Fees" as they do seem to be obscenely high.... Solve that and the rent isn't such a big issue.

Of course, we all know it's never been about the rent.

The "rent" paid at Highfield road is not the same even though certain spin doctors like to claim it is.

 

[torchomatic]

If you look back, the deal apparently offered was similar to the rent being paid for the last couple of years at Highfield Road, so, a brand new stadium, with potential for 10,000 extra paying customers would not seem overly high. The issue starts when you then can't afford it anymore, which by default leads you to think it's "too high".

Of course, the fact when the deal was originally done, there was an option to base the rent on a league based deal, and the number of attendees as well, meant, with hindsight, the wrong deal was agreed perhaps?

CCFC should have sat down and looked to negotiate this from the outset, when SISU bought the club or when we dropped to league one. Or, they could have focused their attention on the ARVO "management Fees" as they do seem to be obscenely high.... Solve that and the rent isn't such a big issue.

Of course, we all know it's never been about the rent.

Surely we only paid rent at HR comparable or not to the Ricoh because the fool Richardson had already sold our own home and had to rent it back?

Sent from my Galaxy S4 using Tapatalk 2

 

[italiahorse]

Do you not think we were being overcharged? We all acknowledge that rent should have been re-negotiated as soon as they took over.

And of course you can blame ACL and the former owners for the rent deal, they negotiated it.

The time to renegotiate was when they took over. They would have known and would have had better leverage when considering buying.
They didn't because they thought that we would fly back into the PL and then the rent would be about right.
There plan didn't work so plan B is in operation.

 

[Broken Hearted Sky Blue]

The time to renegotiate was when they took over. They would have known and would have had better leverage when considering buying.
They didn't because they thought that we would fly back into the PL and then the rent would be about right.
There plan didn't work so plan B is in operation.

Think they're on plan C D or even E at the moment

 

[Nonleagueherewecome]

"Complicit" is the word I've been using in texts for the past week to confused non-City fan mates who want to know why I hate the FL. That's more about players registrations, points deductions and relocating than the JR, though.

 

[Broken Hearted Sky Blue]

The time to renegotiate was when they took over. They would have known and would have had better leverage when considering buying.
They didn't because they thought that we would fly back into the PL and then the rent would be about right.
There plan didn't work so plan B is in operation.

Think they're on plan C D or even E at the moment

 

[oldskyblue58]

Rent paid Highfield Road from published accounts

2005 102833
2004 308500
2003 308500
2002 425000
2001 415232

match day expenses (utilities etc) were on top of that.

yes had to rent HR but then we had no choice but to rent the Ricoh

When making comparables it also helps to compare like with like but will leave that to others to figure out


make of it what you will - am not making a comment

 

[italiahorse]

As appaling ad sisu's behaviour is acl were still grossly over charging the club, and their final no room for negotiation offer was still £250k more than the latest offer.

The business plan was to get straight back into the football league so the rent would be no problem, particularly as the option to buy was all set up when SISU were ready.
Unfortunately the plan went drastically wrong.
To blame ACL was a cover for there own mismanagement of the above plan yet a few poor souls have taken up the SISU fight.