Captain Dart
Well-Known Member
Unfortunately, all this action from MPs is too little too late. Where were they when:
1. The heavily indebted club sold its home without a spade having gone in the ground at the new site nor any funding for its construction being secure
2. The heavily indebted club sold its stake in ACL for a paltry £2m (repaying debt to Derek Higgs et al should not be considered as part of the price)
3. The council forced ACL into a 50 year lease loaded with £21m debt
4. The club was forced into a takeover by SISU, with the express approval of the council due to the imposition of an arbitrary deadline by one Geoffrey Robinson
5. On the return of the club to the Ricoh, the council decided to sell the Ricoh to London Wasps rugby club despite the eminent threat to livelihood of both of the city's existing football and rugby clubs
6. Wasps rugby club leveraged the Arena with an even bigger debt to 3rd parties, ultimately putting to bed any lingering chance of CCFC (under new owners) realistically being able to buy into the stadium and assuring minimal investment in the site for the foreseeable future
That is MPs for you. But never mind the bollocks, how can the club get out of this mess?