Rumour from GMK (1 Viewer)

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Otis

Otis

Well-Known Member
For what it's worth .....


The ACL company have given SISU a 2 year rent free deal for the Ricoh.


The guy who posted it doesn't believe it to be true, but that's what he's been told.

If it were to be true by any chance then that would be fantastic news indeed.
 
torchomatic

torchomatic

Well-Known Member
Or secured the future of the team you support. Depends on your point of view, I suppose.

Nick said:
hmm, so they have just pissed away 2 million quid.....
Click to expand...
 
L

Lord_Nampil

Well-Known Member
i read this earlier while at work (cant post at work sadly) but have to say this rumour sounds like the way forward!

I thought something like this way be the way forward...

only a rumour but if true be fantastic news for the club!
 
Nick

Nick

Administrator
Of course it would be amazing if it was true and I wouldn't complain but there must be a catch...
 
G

ggrady

New Member
Brilliant. It probably just means the rent will remain at 1.2 mill after the 2 years. In the long run it saves ACL a lot of money because if the rent was put down to say 800k a year te contract is for 40 years so they would lose a hell of a lot more than the 2.4mill they are losing. This is believable but what about the council? Surely they would want there rent?
 
D

dgm

New Member
Operative word RUMOUR - suppose we will cling to anything if it means our clubs fortunes improve- sorry to be a realist -i don't believe it for one second
 
Gray

Gray

Well-Known Member
so a few weeks ago they said they would not move from 1 million and now they will give it us for free..... doubt it
 
sw88

sw88

Chief Commentator!
Highly unlikely IMO! Probably a councillors promise They can't honour just to try and get votes before last weeks elections!

As said above, one minute they won't budge, the next their giving us it for free?

I imagine of such a drastic decision was to be made, council tax would not have been froze this year.....
 
Covstu

Covstu

Well-Known Member
they dont trust SISU, they wont sell to SISU why would they give it rent free for 2 years?? I suppose its not in their interest if there is no club at all!
 
WillieStanley

WillieStanley

New Member
If true... there's got to be a catch. Surely they would have to pay for it a some stage. Perhaps it's a case of giving us a better chance of being competetive enough to bounce back? They have a plan that ACL have bought into?
 
Otis

Otis

Well-Known Member
As i say, if it were to be true it would simply be deferred surely.

We'd still have to pay it back.
 
B

Brighton Sky Blue

Well-Known Member
We still owe a good £40 million on the lease-quite possible that the lease agreement has been renegotiated to be extended by a few years in return for a break now.
 
WillieStanley

WillieStanley

New Member
For ACL to agree to this, though, SISU must have had a pretty decent two year plan. As in "This is what we will do with the money saved. That's what's going to get us into a position where we can justify the paying that much"
 
B

Brighton Sky Blue

Well-Known Member
To date we've paid about £9-9.5 million of a £48 million lease-and until now we've paid on time every month. Just as banks grant repayment holidays to people who pay loan instalments on time for a given time, maybe ACL have granted us something similar. Pure speculation though!
 
C

canleykid

New Member
Maybe sisu put a two year plan on the table the council said ok we will do it but if u break ur agreement we will want full back pay of rent
 
torchomatic

torchomatic

Well-Known Member
More of a case of £100K a month for the Club, I would have thought. More chance of getting in players.

I presume the idea is that we defer payment until we can get back in the Championship when we start paying again.

valiant15 said:
A nice 100k a month windfall for sisu's investors if its true.
Click to expand...
 
coundonskyblue

coundonskyblue

New Member
If its true I would hope that ACL have accepted this as part of a proper plan for the club with all or at least a major part of that 100k a month going on players.
 
WillieStanley

WillieStanley

New Member
You know what, I'm actually more downhearted by the attitude of some fans than I am of our plight at the moment.

There's no spirit, no optimism, no "what if".

What happened to "City Till I Die" "We'll fight til the game is won"?

Well we're in League One. We've broken a few records we didn't want to break. We've had a really bad season and are at the end of a ten year stint of under achievment. We've got faceless owners who have made some hefty mistakes which have cost us.

Bar the league we're in... That's all part and parcel of being a City fan. That's what you signed up for folks. We were never the big club. We were always punching upwards. For as long as I've been a fan, we've always had the wrong people at the top.

We've hit a new low of the modern era of CCFC but, you know what, we're Cov fans. We take the knocks and the heartbreak. We dust ourselves off and look to the future. "It'll be better next season"... It's what we always say, isn't it?

That's what makes us special. That's why we're receiving the well wishes.

Squabbling about the morality of buying a Season Ticket, writing off a rumour before the facts are known, writing off a season before it's began or putting down players before they've pulled on the shirt... It's not what we're about, is it?

We are the only survivors of Jimmy's vision and it's up to us to continue that and relive it again, 50 years on.
 
B

Brighton Sky Blue

Well-Known Member
Good post WS. I'm tired of being told by other fans how crap our support must be because we struggle to fill our ground. Well, give any other team bottom half finishes and relegation scraps for 40 years and see what crowds they get-that we maintain a hardcore of a dozen thousand in the face of such on pitch mediocrity (regardless of league) is a testament to those who continue to stick by their club.
 
C

CCFC123

New Member
Otis said:
For what it's worth .....


The ACL company have given SISU a 2 year rent free deal for the Ricoh.


The guy who posted it doesn't believe it to be true, but that's what he's been told.

If it were to be true by any chance then that would be fantastic news indeed.
Click to expand...

Dont think it's true as they have a meeting later this week to discuss. The council may have to consult the public to piss away £2m quid ?
 
V

valiant15

New Member
How can people be optimistic? We've just been relegated,our owners sell or release any good players we have,we've been bullshitted inside out by them,they wont pay the rent,we've got a transfer embargo,threats of liquidation etc etc. No wonder people are fed up.
 
Otis

Otis

Well-Known Member
Wouldn't be pissing it away though if it was deferred would it.

Only passing on a rumour. This is a possible course of action though. Rather than lower the rent or Sisu refuse to pay the rent, to have the rent deferred to be paid at a later date.
 
V

valiant15

New Member
So possibly more debt for the club,sisu save a 100k a month and leave any future owner with a possible 2 million bill.
 
WillieStanley

WillieStanley

New Member
valiant15 said:
How can people be optimistic? We've just been relegated,our owners sell or release any good players we have,we've been bullshitted inside out by them,they wont pay the rent,we've got a transfer embargo,threats of liquidation etc etc. No wonder people are fed up.
Click to expand...

I think you misunderstood... Or didn't read properly.
 
C

cheever

New Member
Otis said:
For what it's worth .....


The ACL company have given SISU a 2 year rent free deal for the Ricoh.


The guy who posted it doesn't believe it to be true, but that's what he's been told.

If it were to be true by any chance then that would be fantastic news indeed.
Click to expand...

If true, fair play to ACL....now SISU have no leg to stand on....not that they had one in the first place.
 
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