Ryton (2 Viewers)

[dongonzalos]

Are we looking to sell off Ryton for housing as part of funding the new stadium.
Or
As part of an exit strategy
Or
The new academy solution will also cover training?

 

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[dongonzalos]

Please merge
Thanks

 

[ccfcway]

Please merge
Thanks

................
Are we looking to sell off Ryton for housing as part of funding the new stadium Or As part of an exit strategy Or The new academy solution will also cover training?
..................

Your welcome

 

[Bruce the Boot]

Are we looking to sell off Ryton for housing as part of funding the new stadium.
Or
As part of an exit strategy
Or
The new academy solution will also cover training?

Or pheraps its just Sisu s Divi fund ?

 

[torchomatic]

Are we looking to sell off Ryton for housing as part of funding the new stadium.
Or
As part of an exit strategy
Or
The new academy solution will also cover training?

Well it does indicate that this will only go ahead if other training provision is provided, so I don't think we'll end up in a situation with nowhere to train.

 

[SkyBlueScottie]

They have tried many times to get permission for houses on the Ryton site, each time it has been turned down outright.

 

[olderskyblue]

There is far more pressure on Rugby council now though, they have to build 12,400 new homes, and I think at least 100 of them have to be in Ryton

 

[skybluetony176]

Well it does indicate that this will only go ahead if other training provision is provided, so I don't think we'll end up in a situation with nowhere to train.

Have you only just met SISU?

 

[weecohawena]

I heard they are selling Ryton to pay for the SISU Xmas party this year.

 

[bawtryneal]

I think you will find that Ryton is mortgaged up to the hilt. Whatever it could be sold for will only produce a small net return.

 

[oldskyblue58]

I think you will find that Ryton is mortgaged up to the hilt. Whatever it could be sold for will only produce a small net return.

All assets and even shares owned by SBS&L in Otium are pledged as security to ARVO who at 31/05/2015 were owed £8m - it is not a mortgage in the same way as buying your home but it does mean that ARVO has first claim on any funds from asset sales

The security or debenture is signed by Fisher (Otium) by Dermot Coleman (ARVO Master Fund) and witnessed by L Deering (now a director at SBS&L)

details are here https://beta.companieshouse.gov.uk/company/07612487/filing-history?page=2 dated 04/01/2014

There is a similar debenture over the assets of SBS&L in favour of ARVO Master fund dated 10/08/2013 signed by Fisher (SBS&L) by Seppala (ARVO) and witnessed by someone at Sisu Capital

details are here https://beta.companieshouse.gov.uk/company/06414248/filing-history dated 10/08/2013

 

[dongonzalos]

All assets and even shares owned by SBS&L in Otium are pledged as security to ARVO who at 31/05/2015 were owed £8m - it is not a mortgage in the same way as buying your home but it does mean that ARVO has first claim on any funds from asset sales

The security or debenture is signed by Fisher (Otium) by Dermot Coleman (ARVO Master Fund) and witnessed by L Deering (now a director at SBS&L)

details are here https://beta.companieshouse.gov.uk/company/07612487/filing-history?page=2 dated 04/01/2014

There is a similar debenture over the assets of SBS&L in favour of ARVO Master fund dated 10/08/2013 signed by Fisher (SBS&L) by Seppala (ARVO) and witnessed by someone at Sisu Capital

details are here https://beta.companieshouse.gov.uk/company/06414248/filing-history dated 10/08/2013

So Dermot Coleman is actually active then

 

[clint van damme]

so they can build things then?!

 

[peeler]

so they can build things then?!

Oh yes they can build things, they've built an awful lot of animosity against them.

 

[oldskyblue58]

So Dermot Coleman is actually active then

always has been - as director, and owner of SISU Capital you would expect him to be, he shares the assets and liabilities of SISU and therefore joint and several liability for any decisions taking about SISU

I think what the charges indicate is that Coleman and Seppala seem to control ARVO. Given the terms of debentures, the fact that SISU control as general partner of Sconset, it will be interesting to see the next confirmation statement filed by SBS&L as to who is declared as controlling party. You would hope that FL data would reflect that legal requirement disclosure

 

[bawtryneal]

All assets and even shares owned by SBS&L in Otium are pledged as security to ARVO who at 31/05/2015 were owed £8m - it is not a mortgage in the same way as buying your home but it does mean that ARVO has first claim on any funds from asset sales

The security or debenture is signed by Fisher (Otium) by Dermot Coleman (ARVO Master Fund) and witnessed by L Deering (now a director at SBS&L)

details are here https://beta.companieshouse.gov.uk/company/07612487/filing-history?page=2 dated 04/01/2014

There is a similar debenture over the assets of SBS&L in favour of ARVO Master fund dated 10/08/2013 signed by Fisher (SBS&L) by Seppala (ARVO) and witnessed by someone at Sisu Capital

details are here https://beta.companieshouse.gov.uk/company/06414248/filing-history dated 10/08/2013

Thanks for the facts OSB.

 

[dongonzalos]

always has been - as director, and owner of SISU Capital you would expect him to be, he shares the assets and liabilities of SISU and therefore joint and several liability for any decisions taking about SISU

I think what the charges indicate is that Coleman and Seppala seem to control ARVO. Given the terms of debentures, the fact that SISU control as general partner of Sconset, it will be interesting to see the next confirmation statement filed by SBS&L as to who is declared as controlling party. You would hope that FL data would reflect that legal requirement disclosure

Sorry I was been a bit sarcastic.
He seems to be the forgotten man in all this.
Everything is directed at JS and TF.

 

[Captain Dart]

http://www.checkcompany.co.uk/director/7436117/MR-DERMOT-JOHN-COLEMAN
http://www.checkdirector.co.uk/director/dermot-coleman/
https://beta.companieshouse.gov.uk/officers/JxaRGRMymrRHScYP_fyEORJtThQ/appointments