So you mean once the full rent is taken out of our income we would have about the same budget of the lower supported clubs in this division. These are the clubs that accept that this is their level.
A lower rent payable now with a deferred payment of the rest until we get promotion would have been the fairest way forward, not refusing to pay altogether.
Yes, from administration. And yes, you are right about the clubs who have gone into admin.
I'm just stating what happened.
Yes, they saved us from administration - or so Airhorn Joe says, so who are we to question that. But they surely also 'saved' us from other interested parties picking up the pieces post-administration - as happened at, say Southampton, Ipswich, QPR, Leicester, etc.
One of the reasons no other parties came in at the time SISU did was that the club's position was untenable. Administration gives any purchaser a chance to renegotiate contracts and liabilities and get the club back - from the start - back on an even footing. Contracts such as the Arena, for example. At least both parties would agree to such, as opposed to how things have transpired now.
And as for small businesses getting hurt by administration, well, yes. They can, however, play a part on the negotiations with interested parties. And let's not forget, SISU's stance 'bullied' fans into handing over shares; which in some instances meant great losses from investments made over many generations. As such, SISU's ascension wasn't without collateral damage to the smaller parties
But you wouldnt pay Kenilworth Road rent for a mansion in Wood End
Long time reader but now feel forced through anger to post - the clubs refusal to pay rent is not about poverty or inability to pay it is about a more sinister game, the acquisition of ACL by hook or underhand crook. By not paying the rent they make ACL less profitable and therefore easier to buy, a dangerous game and shows the contempt with which these people hold the fans and the club. The only way they will pay the rent is if forced to by the court and even then they may take the view that liquidating the club is the cheaper option - if they cannot get their hands on the whole of ACL they will never get their "investment" back so may just cut their losses and fold the whole club. This threat of closure can be the only reason ACL have not enforced the court judgement they won several months ago against the club. Its a dangerous game that is being played and the future of the club could depend on its outcome.
IMO It's beginning to look a lot like SISU have only managed to postpone administration for this club - something that was pretty much inevitable before they came on the scene and looks increasing likely now several years later... only now the world financially is very different which would make a post administration revival (if it were to happen) much more difficult & liquidation much more likely
I think it should have happened before and if it had we would be in a better position over the coming years
I've always wondered about this. You see, SISU are a hedge fund. That means that their modus operandi is to 'hedge' any investment with a fall-back position.
Look at CCFC. A team - looking - on it's knees. Pick it up by getting folk to hand over shares for nothing, gain promotion and sell on at a great big profit. Nice.
But what if it all goes pear-shaped? What's the hedge? What's the second option to mitigate your losses if the first option fails?
Stop paying rent, bring ACL to it's knees and pick up a prime bit of real estate? Oh, that'd do.
Still, I'm sure that's not on their minds. Never
At what point did they make the choice ,when Ranson went ,during that summer or April last season?
Their end goal has always been To gain the Ricoh , in my opinion.
I've always wondered about this. You see, SISU are a hedge fund. That means that their modus operandi is to 'hedge' any investment with a fall-back position.
Look at CCFC. A team - looking - on it's knees. Pick it up by getting folk to hand over shares for nothing, gain promotion and sell on at a great big profit. Nice.
But what if it all goes pear-shaped? What's the hedge? What's the second option to mitigate your losses if the first option fails?
Stop paying rent, bring ACL to it's knees and pick up a prime bit of real estate for peanuts? Oh, that'd do.
Still, I'm sure that's not on their minds. Never
IMO It's beginning to look a lot like SISU have only managed to postpone administration for this club - something that was pretty much inevitable before they came on the scene and looks increasing likely now several years later... only now the world financially is very different which would make a post administration revival (if it were to happen) much more difficult & liquidation much more likely</p>
<p> </p>
<p>I think it should have happened before and if it had we would be in a better position over the coming years
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?