I expect them to at least give the Higgs Charity the money that the Higgs loaned CCFC. I don't give a shit about the council. You do not rip off a charity to get your investors millions .
Didn't the council get an independent evaluation of the Ricoh before remortgaging and the value, based on the club there paying £500k rent per year came out at £6.5m for the whole lot?????
If that is what the council valued it, how much do you expect SISU to pay for the Ricoh with no football team there???
I think that's more likely to be a valuation of ACL, the business holding the lease, at the point that SISU weren't paying any rent, rather than a valuation of the entire Ricoh (costing £118m to build with a decent slab of land for development).
How much are SISU planning to spend on the new 12,000 seat arena?
They helped the club out of the shit in a hour of need then , when nobody else would , with an agreement that CCFC would buy it back . I would say the 50% was collateral on the loan .They never loaned it them! They bought the clubs 50% stake in ACL, so they invested in a stadium operating company
They helped the club out of the shit in a hour of need then , when nobody else would , with an agreement that CCFC would buy it back . I would say the 50% was collateral on the loan .
So in theory CCFC are actually part owners of ACL. Sweet.
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They should be but SISU never took the option up and then fucking liquidated CCFC and now look where we are . They only had to give them the money back for the 50% . It would have cost them a lot less in the long run. Short sightedness or part of the master plan . Who knows , but I know one thing . Us fans have been royally fucked over in the last six years.
We've been fucked over far longer than that mate.
Yes, but Sisu had a chance to change that.
ACL isin't worth £6.5m, it is broke!!!
ACL isin't worth £6.5m, it is broke!!!
Well I suppose we'll see when the accounts come out - although all those exclamation marks, maybe it is a fact and I'd missed it.
Actually, if you'd have just said "FACT" or "END OF" at the end of your post, I suppose I'd have known for sure.
In the meantime, remind me again, how much are SISU proposing to spend on the new 12,000 seat arena?
New 12000 arena
Still makes me wince.
For a mere £25m (I'll help BA out here, he seems to have forgotten). But the 32,000 seat Ricoh's only worth £7m, apparently.)
We won't know the financial health of ACL or SBL or Otium until the accounts are published. Unless you are outing yourself as someone with inside knowledge of any of the firms listed.
This years accounts will tell us nothing regarding ACL's future.
You've been away for a while James. Have you been preparing the media piece around them?
This years accounts will tell us nothing regarding ACL's future.
You've been away for a while James. Have you been preparing the media piece around them?
Ahh, forgot you have the inside track on all things ACL don't you, are you sorting Mystic Sally?
Ahh, forgot you have the inside track on all things ACL don't you, are you sorting Mystic Sally?
This years accounts will tell us nothing regarding ACL's future.
I think your mixing up your sallys and your megs.
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Isn't that the same same for any accounts. Unless you are Psychic Sally?
Only when I'm not busy being Tim's Viagra.
Problem with Sally is she always seems to know what is coming next.
Will it not include the escrow money?"rent from the club" What rent?
Will it not include the escrow money?
For a mere £25m (I'll help BA out here, he seems to have forgotten). But the 32,000 seat Ricoh's only worth £7m, apparently.
Mind you, small places in the countryside miles from anywhere can cost a bit more than large places in the City - maybe that's how it works.
It includes the Olympics money, rent from the club and the club as a permenant resident. The situation now is very different. Put it this way they have to be positive or else.....
This is the same council that have talked of ambitious plans to:
Build on the old post sorting office (nothing has happened)
This site never belonged to the council. It was purchased by developers who have been dithering about exactly how they are going to do with it!
The old sorting office is a private developer and has ground to a halt as the finance is not available. Axa had hold of the land on bishop st/lamb st.They sold the offices to a local firm who have got a loan of the council to convert the blocks into student use.Private firm own the market and the vacent land.What houses on greyfriers rd, the place is all offices/Flats. The council next big project is the friarsgate, if you live in coventry you will notice it.This is the same council that have talked of ambitious plans to:
Build on the old post sorting office (nothing has happened)
Build on the site at the bottom of Bishop St / corner of Corporation St (nothing has happened)
Demolished the Smithfield pub and Shambles arcade for some new flats / shops in 2002 (nothing has happened)
Demolished some houses on Greyfriars Rd for a new development of flats (nothing has happened)
Demolished the fish market to build some more flats / shops (nothing has happened)
Have the 'Belgrade Plaza' development which has been half finished for 5 years or so
Therefore, I take council plans with a huge pinch of salt....
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