covcity4life
Well-Known Member
for sure. the council did it out of spite and to "beat" sisu
they do not care that ccfc were the biggest losers
This is the key for me, CCC did not need to sell. When we were moved to Northampton, I'm sure CCC were he'll bent on getting anyone else in, could have been the Peckham formation dance team, just anyone in out of pure spite to stick one up SISU.
Alternatively they could have allowed as the judge thought ACL to get distressed and go bust. Losing them and Charity a shed load of money and SISU who were causing the distress to benefit.
Yes I am sure their decision was based purely on spite.
Comments such as these are just the same as those who say SISU are pocketing millions out of the club every year
I agree with this, the last thing we need is more debt, some honest straight forward investmentDid the forecasts include Wembley etc?
If they pull their wallets out, let's just hope it isn't a loan with silly interest that will just add to what a new buyer has to pay
I'd much rather they didn't loan CCFC anything.
I agree with this, the last thing we need is more debt, some honest straight forward investment
In the football club they own would be great though.
Wondered when you would be along waving your council flag.
The charity wouldn't have lost a shed load of money.
Oh, and if your bothered about them losing money, why not query with the CCC why the lease was not extended prior to the sale thus increasing the value?
It was out of spite, sorry if that ruins your romantic image of the council. The council would have lost a grand sum of 10 million, small price to pay for regenerating that part of the city really. Still, as long as it's one in the eye for SISU, who cares? Certainly not you.
for sure. the council did it out of spite and to "beat" sisu
they do not care that ccfc were the biggest losers
Does it? Why would you give a fuck very strange!Slightly off topic, Hoffman agreeing a deal to play at the Ricoh for a club he doesn't own, while the Ricoh owners refuse to negotiate with the owners of the club. Does this not provide more evidence to the FA that control of the club is trying to be wrestled from them?
Slightly off topic, Hoffman agreeing a deal to play at the Ricoh for a club he doesn't own, while the Ricoh owners refuse to negotiate with the owners of the club. Does this not provide more evidence to the FA that control of the club is trying to be wrestled from them?
Slightly off topic, Hoffman agreeing a deal to play at the Ricoh for a club he doesn't own, while the Ricoh owners refuse to negotiate with the owners of the club. Does this not provide more evidence to the FA that control of the club is trying to be wrestled from them?
Does it? Why would you give a fuck very strange!
It also shows that a man who is very highly regarded in the financial sector felt that the club could be financially ok signing rental agreement at the Ricoh
So that's the reason it's mentioned yes okIt isn't strange really, the more things that SISU can show that others are against CCFC the more leeway they get when it comes to things like moving...
And my lucky council pants. No flags just speaking common sense which when the other person is floundering to deal with that they tend to turn to childish retorts
Please explain to me how ACL going bust would not have lost the charity money
ACL are a separate legal entity. Higgs were owed money by the club which the club couldn't pay, therefore they were given half of the lease. So, what I'm saying is they had in effect already lost the money. Relying on a club with crippling debts and an inability by owners to do anything to address it, the likelihood of them receiving the money was slim. Difference being, Higgs at the time was run by someone who truly had the club at heart. Therefore it was a risk worth taking to give the cities football club a lifeline, a home.
If Wasps wouldn't buy at that price then you are back to the business getting distressed and going out of business
They paid 5.5 million and a million for the lease. 6.5m in total. ACL was then valued at 43.5m. Alarm bells Dongo! What about the taxpayer? Or as I've said, does it not matter as it was one in the eye for the big bad hedge fund SISU?
Sorry saying that the council made such a massive decision purely out of spite puts you up there with those loons on social media who believe SISU are making millions every year out of CCFC. Or the likes who say SISU intentionally lost JR1.
Crazy talk.
I'm not the only one who thinks it was out of spite Dongo. It is of little benefit selling to Wasps. Both CCC and Higgs still lost money. The club lost it's home. The only thing it achieved was screwing SISU over. Let's rejoice, eh?
If Wasps wouldn't buy at that price then you are back to the business getting distressed and going out of business
No, it proves that Wasps will talk with people not involved in a JR which will cost them time and money as they will be called to give evidence. Seems to be that, if you drop the JR, Wasps will talk to you. If SISU cared about the club, they would drop the JR which would allow the club to get into negotiations. SISU's main concern is their investors- not particularly CCFC.
No it's a common sense business approach. Why would you bid for CCFC unless you knew you could either build a new stadium in 12 months. Or you provisionally agreed with someone that if you were successful buying CCFC that person would allow them to play there.
It's shows they were planning to bid for CCFC which they did.
It also shows that a man who is very highly regarded in the financial sector felt that the club could be financially ok signing rental agreement at the Ricoh
The club probably would be financially OK with his offer. It doesn't prove anything at all.
So that's the reason it's mentioned yes ok
please explain
It was a question, does anyone not think SISU will say that to the FL to justify any action they take? When will people wake up, it's not supporting SISU, it's working out ways to not give them excuses. Wasps have agreed for Hoffman to have a team there, but refuse to negotiate with the team he wants to play there. It's a green light for SISU and the FL.
Oh, and I assume based on your logic, he has also spoken to just sports and the people that do the programmes? Ticketmaster?
It's a green light for SISU and the FL.
CCFC worth - by lecturer in football finance Liverpool
Saying that Hoffman thought a long term deal with Wasps would be ok doesn't prove anything, does it?
Exactly. Meanwhile everybody just shouts let down by the football league etc.
The FL have already said they won't get in the way of rental disputes.
As long as SISU pay a bond that they intend to come back. As long as they maintain the fixtures they will be allowed to go.
They had no justification last time and were allowed.
Not they needed an excuse but they already have it over the Butts saga.
It's proves that Hoffman who is very clued up in the financial sector believes the club can be ok on a rental deal that we do not have to have access to 24/7 income streams . Unless you are saying that is what he negotiated?
It isn't strange really, the more things that SISU can show that others are against CCFC the more leeway they get when it comes to things like moving...
Don't you get it - when we were flying under Mowbray last season we constantly had attendances over our predicted budget for the season. And SISU never backed us in the Jan transfer market. Turning up ain't gonna affect the investment in the playing budget - only the bank balance in the Cayman Islands. Wake up!
We didn't need backing in the January transfer window.
We had a team that was averaging 3 goals a game. Mowbray's team selection was the biggest problem and cost us promotion due to that favouritism.
And encouraging things like dealing with Wasps. Buy the club, then deal with Wasps. Who is it that bangs on about the cart before the horse? Is this not a prime example?
You wouldn't buy a club without knowing it had a place to play football. The people who bought a club without checking these things properly before they completed the deal were SISU.
The rest is history. Let's hope any new owners have a solution to the stadium problem.
Let's hope they will cave in to Wasps demands.
They had a contract with ACL, so yeah they bought the club knowing they had somewhere to play. No they didn't address the extortionate rent.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?