fernandopartridge
Well-Known Member
They never owed £29k and never should have paid it. The counter claim was excessive but only in your dream world would you pay £29k when you don't have to.
Tim Fisher reveals details of Ricoh bid (1 Viewer)
- Thread starter SimonGilbert
- Start date
Who are the creditors and how much are each creditor owed?
skybluetony176
Well-Known Member
So they paid more instead to get out of it. In fact they exacerbated their own costs with the excessive counter claim. Do you have a logic for doing that?
Nick
Administrator
So the logic was to just pay it?
I do agree though, I don't know what the counter claim was about whether it was some sort of "tactic".
fernandopartridge
Well-Known Member
You know their reasoning. They sought to get hold of information to support their JR case. They obviously felt it a price worth paying.
chiefdave
Well-Known Member
I assume the creditors will be SISU and their related companies, ACL and HMRC. I have no idea who is owned what. Isn't ACLs open to interpretation as it has to include compensation for early termination of the contract?
So my question remains, can SISU just say to Appleton we'll give you the £X that you paid ACL to buy that the share or would any money coming in have to be distributed proportionally?
italiahorse
Well-Known Member
ACL were owed at least a years rent, extortionate as it was, plus the compensation for ending the lease.
It was actually my very first question when it came out ccfc ltd would have the option to buy the shares. But nobody ever answered with any kind of confidence. So I assume the issue is very complicated and we should look at who would actually object to the deal.
ACL? If the bid is successful the club owns half of ACL so surely they would not object?
Who else could object and what would be their reason?
They were paid all they were owed rent-wise. That leaves the compensation, but if the bid is successful the club own half of ACL, so surely they will not object?
skybluetony176
Well-Known Member
I agree. Just some on here want you to believe that they were taking the moral high ground.
italiahorse
Well-Known Member
The rent was at least £1.4M and they were told to pay £590K by the FL, so there is a gap. IMHO
oldskyblue58
CCFC Finance Director
ACL or indeed AEHC/Wasps will not object if it is in their interests not to ......... which has nothing at all to do with whether it is in the best interests of CCFC
the various interests might of course coincide but would you bet your mortgage on it?
Isnt the logic to just defend the claim and not bother with the counter claim?
I do not bet on anything where sisu are involved!
My point is that I don't think ccfc ltd being in liquidation with unpaid creditors will influence the outcome of the bid for Higgs shares. If the bid fails it will be either because Wasps have secured some sort of veto or option to match any bid.
oldskyblue58
CCFC Finance Director
Point taken and agreed
think it might be even simpler than that though - it might be that AEHC do not think it is the best deal for them
italiahorse
Well-Known Member
I think the problem will be that SISU have upset Higgs and ACL during the past few years and both need to see through this for the sake of CCFC.
I suspect because all is hush hush that SISU are fuc$ed (and hence CCFC and us fans) in regards to owning a share in ACL.
Would be nice if SISU/Wasps agreed a deal for 50% providing SISU sell the club and the 50% ACL share as a package to a third party.
shmmeee
Well-Known Member
Now there's a caption competition waiting to happen.
"What's got one finger, one thumb and fucks football clubs?
This guy!"
bradwellskyblues
Well-Known Member
no he was on a plane apparently strange as he only said yes the previous evening
Nick
Administrator
So the night before you get on a plane you can't speak?
lordsummerisle
Well-Known Member
I can't, fucking terrified of flying and have to get trollied before getting on one nowadays.
duffer
Well-Known Member
Valium is the answer, according to at least one of my mates. You could ask your GP. That and sitting at the back of the aircraft - I do that on the basis that they very rarely reverse into mountains.
dongonzalos
Well-Known Member
Unfortunately that gives the charity an excuse not to sell to you.
Even if you intended to do that. You would put your bid in and not mention the new stadium. Why do you need to mention it?
Also if they think it will make a profit in the future why are people saying its a business doomed for failure?
SimonGilbert
Telegraph Tea Boy
FYI I understand Higgs will make decision on CCFC Ltd bid next week.
You can relax over the weekend!
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You can relax over the weekend!
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chiefdave
Well-Known Member
No we can't, we've to worry about being knocked out of the cup by Worcester!
mattylad
Member
Do you think there is a decision to be made or is it a done deal they will sell to the wasps franchise?
J
Jack Griffin
Guest
I should think the trustees will have to hold a meeting which is minuted.
I'm sure decision must prove justifiable as being in line with the aims and objectives of the AEHC should there be any complaint or other attempt to block it.
SimonGilbert
Telegraph Tea Boy
I've learnt not to second-guess anything in this saga!
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Already made . The liquidated company making a bid ? They will be laughed out of the meeting
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torchomatic
Well-Known Member
SimonGilbert
Telegraph Tea Boy
Might be on Thursday, when they get round to updating it again.
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dongonzalos
Well-Known Member
An ace returned
dongonzalos
Well-Known Member
Annoys me to be honest our owners
Can't deal with our council
Can't deal with a local charity.
Can't deal with the local newspaper most people buy.
Classic case of 'why always me' t shirt everyone apart from the wearer of the t shirt knows.
SISU I hope you bid more than wasps. Then you for the first time in this farce over seven years will have been shafted.
Can't deal with our council
Can't deal with a local charity.
Can't deal with the local newspaper most people buy.
Classic case of 'why always me' t shirt everyone apart from the wearer of the t shirt knows.
SISU I hope you bid more than wasps. Then you for the first time in this farce over seven years will have been shafted.
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letsallsingtogether
Well-Known Member
Tim said it was a cracking deal which included working with local children, I thought they already did that?