So you actually believe that the clubs turnover was in fact £24-25m not £10.8m in 2012/13? That goes against all of the figures OSB has put forward. Yes, talk about people believing what they want to believe....
there is a cieling of 200,000 euros. after which you need european commision permision, there is no way the council have complied
the problem for ccc is the fact they offered so much and kept the matter a secret from SISU, its anti competitive because SISU were making a play for the ownership of the ricoh, the non payment of rent was not about the rent it was a targeted action to bring down the price of ACL. CCC acted to take the price of ACL back up ... hence all the quotes of 6 million and 12 million etc... CCC faced losing a large amount of money if SISU aquired ACL. Hence the action it took - so it also hiked up its own company worth but by means of public cash not private cash .. . .. in other words state aid.
Local authorities can run business, but they can not use public moneys to do so they are supposed to use banks and act as a tradinig company .
local authority trading companies: here :: https://www.gov.uk/state-aid
So your saying sisu deliberately set out to distress ACL?
yes of course, hostile takeover tactics - should be expected by a hedge fund specializing in takeovers??
yes of course, hostile takeover tactics - should be expected by a hedge fund specializing in takeovers??
The problem with that, surely, would be that for SISU to establish themselves as 'competitor' in that context, they'd need to admit the distressing tactic. Which in public protestations they've always denied. 'Average League One rents', 'it's all about revenues, stupid', etc.
Unless they 'fess up, I don't see them as 'competitor' and there falling at the first hurdle?!?
No I don't believe it. All I'm saying is you cant use the judges argument one minute to support your own opinion, and then completely disregard another comment made in court that the judge seemed to accept.
My argument is this: Where is the evidence to say that the rent was the made cause of the clubs unsustainability?
yes of course, hostile takeover tactics - should be expected by a hedge fund specializing in takeovers??
Never said it was the main cause, but it was a contributing factor along with wage bill. Are you suggested that the £1.3m plus £250k+ matchday costs was sustainable and had no bearing on the year on year losses?
When you trying to bring down costs and efficiency savings you do it from all budgets, you cannot deny that the club have been trying to do this with the wage bill.
And I can do what I want. How do we know the judge seemed to accept it?, because simon didn't tweet it that the judge commented on it?
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At least CCFC got something for that money to play in a 32,000 seater stadium for a season.
Currently CCFC are paying 1.8million a year to Arvo in interest alone, how sustainable is that ?
When we played at the Ricoh we were debt free !!!
Now at Sixfields we are 70million in debt !
Any Sisu supporters stopping to think how that happened ??????
you are obviously the King of Comedy.
At least CCFC got something for that money to play in a 32,000 seater stadium for a season.
Currently CCFC are paying 1.8million a year to Arvo in interest alone, how sustainable is that ?
We're Coventry paying these management charges when Paul fletcher was in charge?
To be honest I don't know and don't care !!
What causes me concern is CCFC current situation !!!
Just to clarify the yearly 1.8million CCFC is crippled with is just interest, management charges are likely to be extra on top of this figure. To help you maybe a bit like rent and then extra for match day costs !!!
When we played at the Ricoh we were debt free !!!
Now at Sixfields we are 70million in debt !
Any Sisu supporters stopping to think how that happened ??????
At least CCFC got something for that money to play in a 32,000 seater stadium for a season.
Currently CCFC are paying 1.8million a year to Arvo in interest alone, how sustainable is that ?
Why are you acting like a 5 year old?
You don't know? So are you saying Elliot and co may have been - really?
I think not.
We're the club in debt without these charges?
Why are you acting like a 5 year old?
It's not sustainable. But again that doesn't make the £1.3m rent ok or sustainable.
I don't get your problem. Saying the rent was too high and unsustainable is never pro sisu nor anti sisu.
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Probably because he is trying to communicate with a 5 year old.
It's not sustainable. But again that doesn't make the £1.3m rent ok or sustainable.
I don't get your problem. Saying the rent was too high and unsustainable is never pro sisu nor anti sisu.
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But i find it a bit odd that some people constantly talk and bring up the rent when the interest payments are far greater and are still in place.
It's not sustainable. But again that doesn't make the £1.3m rent ok or sustainable.
I don't get your problem. Saying the rent was too high and unsustainable is never pro sisu nor anti sisu.
Have any interest / management charges actually been paid? I remember OSB and somebody else saying something about them not actually being paid transaction wise but probably just build up?
I can't wait to hear how the Sisu social club try to justify Sisu's rental charges at the new stadium !!
Have any interest / management charges actually been paid? I remember OSB and somebody else saying something about them not actually being paid transaction wise but probably just build up?
So are you implying the debt doesn't have to be repaid? First thing tomorrow I'm on the phone to Joy asking for the sub, I could do with a new car
Have any interest / management charges actually been paid? I remember OSB and somebody else saying something about them not actually being paid transaction wise but probably just build up?
But i find it a bit odd that some people constantly talk and bring up the rent when the interest payments are far greater and are still in place.
Lol !!
Who said that the rent was ?
Anyway was 1.3 million the last offer on the table ?
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