ML – This is my personal opinion. There was a huge drumroll to the Lucas announcement, I thought it would be either ‘lets enter proper sales negotiations’, or the council announcing they had bought the Higgs charity out. But it was neither. Delivered in a code. ACL is functionally bust (ML opinion) as it can only survive with an injection of more cash. Accounts will contain a going concern statement. This is a statement from the Accountant saying – “I guarantee this company is solid for next 12 months. If you don’t get that statement you have to pack up. ACL going concern sign off last year said it was in continuing negotiations with the club. When it comes to their new accounts we are no longer innegotiations. In addition the JR might mean they have to pay back £14m. How will they get their going concern statement?
Most implicit SISU statement so far ref ACL really....
It took 2 minutes for someone to start defending ACL.
It took 2 minutes for someone to start defending ACL.
And Two more minutes for someone to defend the undefendable by having a go at a post that makes sense.
And Two more minutes for someone to defend the undefendable by having a go at a post that makes sense.
But is nevertheless fairly irrelevant to the context of what ML was saying.
If there are concerns over whether ACL are a going concern, what happens to the £14m debt?
I wonder if Sisu will ever pay the rent they owe ACL?
Astute. Please stop your wordplay. Please.
Astute. Please stop your wordplay. Please.
[video=youtube;a1dvg-1G3w4]http://www.youtube.com/watch?v=a1dvg-1G3w4[/video]
If there are concerns over whether ACL are a going concern, what happens to the £14m debt?
But is nevertheless fairly irrelevant to the context of what ML was saying.
If there are concerns over whether ACL are a going concern, what happens to the £14m debt?
But it seems that the only people who have concerns are the very people that are trying to distress ACL. I have never seen a poker game go on for so long in my life, even the Devilfish would have shown his hand by now. If they have moved on, give us precise numbers on the new stadium, if they haven't then make an offer of any kind at all. Stop fucking about worrying about ACL and maybe start thinking about bringing us home, because I have concerns about the amount of debt loaded onto us from playing in Northampton for 5 fucking years, why doesn't he address that rather than talk about ifs, buts and sodding maybe's to do with ACL.
Why? I and others find it hilarious. I see that Lobotomy is having a right go at Mucus in the notes and he's right, it was confusing. We're not selling but would listen to offers, etc.
It's comical really, we've moved on but we're going to spend most of the meeting talking about the Ricoh, Council and ACL!
It was only confusing because the media did a poor job of reporting it and Labovich tried to prey on that. He says he is confused but I don't believe that for a second. In fact I'll go further, he is lying, if he doesn't understand he shouldn't be a director. He clearly does understand and is just muddying the waters and trying to spin in their favour.
For Labovich and for anyone else who pretends to be/or is hard of thinking, I'll sum it up.....
The council don't want to sell but they will listen to offers for the freehold, they are however unwilling and unable to sell the freehold without any leases in place.
That's it, not complicated, not confusing, Labovich is as bad as fisher and even easier to see through.
IS that because he was asked questions about Lucas, ACL, Ricoh, Council, etc? NO doubt if he'd refused to discuss you'd be feverishly putting together another conspiracy.
Either way these meeting seems a pointless exercise that has just given Labovich a platform to spout rubbish, largely unchallenged.
IS that because he was asked questions about Lucas, ACL, Ricoh, Council, etc? NO doubt if he'd refused to discuss you'd be feverishly putting together another conspiracy.
Oh OK. Not Ann's fault at all. Got it.
She could have done a slightly better job of explaining it, but she takes very little blame.
She was very clear she doesn't want to sell but is willing to listen to offers for the freehold. That should have been it, it only became confusing because sisu starting talking about buying the unfettered freehold which isn't something the council have the ability to sell.
So saying she said she is willing to offers but now says she won't sell is a silly statement. The council do not want sell but are willing to sell the freehold which is the only thing they have the power to sell.
The suggestion that the council should negotiate with all the leaseholders, pay out all the leases and talk about selling the unfettered freehold is ludicrous in the extreme.
It's clear you are unwilling to look at this fairly.
And totally without truth and merit, I presume? The JR certainly will be interesting.
No but a simple we've moved on from that now, lets talk about the new stadium would suffice.
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