How do our owners now get out of this situation? The great prize ie the Ricoh has now gone (due to their own stupidity) and so what next? A new stadium? a sell
off? or liquidation?
These must be some very rich people that Sisu invest for as they don't seem to be to bothered they are throwing money at something that cannot possibly pay back.
isnt it people pension money they invest? im sure thats how they were described when they took over they take the money and give it back when its needed investing it to make a profit, if thats the case then the people whos money they are investing dont know they have it
Mystified why so many rejoice in demise and total and utter negativity, no doubt you'll get what you ALL deserve.
Need to take a much deeper and longer look at the other 'lillywhite' parties involved, the deceit, the lies, double dealing & illegal acts!
Ah very clever to have off-loaded that £14M debt and virtually given the Ricoh away for next to nothing, wonder why that doesn't appear to have been spotted?
People should take time to analyse this comment. Possibly the first time RFC has stated his genuine thoughts. What does it mean?????
Impending legal action against CCC for bailing out ACL. Pass on responsibility for the loan to a 3rd party and do it quick before the court date.
Not difficult to see what he's hinting at but it takes no insider knowledge and it's a load of nonsense. Think 'we're in debt and need some easy cash' as the reason for the rushed sale.
I fear they will sell you. But not to MGI. But to another owner somewhere in Brum or even elsewhere. As a franchise/feeder club.Look guys all I wanted from this thread was to gain your views as to the best way out for our owners. I did not intend to start a fight.
Look guys all I wanted from this thread was to gain your views as to the best way out for our owners. I did not intend to start a fight.
I fear they will sell you. But not to MGI. But to another owner somewhere in Brum or even elsewhere. As a franchise/feeder club.
MGI won't want to buy a loss making Div 3 club (one that pays them 150k per year right now) but when they leave (if they do) it frees up the ground for MGI to bring in a more profitable sports franchise.
A pessimistic opinion but the days of football teams playing for their local town seem under real threat.
Mystified why so many rejoice in demise and total and utter negativity, no doubt you'll get what you ALL deserve.
Need to take a much deeper and longer look at the other 'lillywhite' parties involved, the deceit, the lies, double dealing & illegal acts!
Ah very clever to have off-loaded that £14M debt and virtually given the Ricoh away for next to nothing, wonder why that doesn't appear to have been spotted?
Good morning Fred.On the basis that sisu's offer for the Ricoh was derisory I reckon an offer of circa £2.5m should be ample to buy what's left of a once great Club.
More seriously and taking the Ryton complex into the equation £10m should clinch a deal.
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