So long as ccfc stick to the plan there should not be a problem. We cant sign players anyway just now unless they have no current contract and would not be fit enough in any case. It isnt great PR though. You have to wonder why the owners could not have avoided this that is a serious concern for me. What other creditors are not being met on time ? At least it is out in the open promptly
Unlike wasps though who were under embargo and no one knew until the coach said it had been cleared in a press interview and they could now sign players. Then the ceo blamed hmrc for calling it in as a reason why wasps were in this mess. HMRC only call it in if the terms are not met including keeping current liabilities not in the agreement up to date as well- its a standard term.
Too much clueless gloating by both sets of fans and failing to see what is staring them in the face.
Throwing out some alternative angles here:
Googled CCFC wage bill and got two answers: 3.8m and 4.8m (gross)
Out comes the fag packet, not all of the wage bill is players, some is for “normal” staff so free pay, NI thresholds etc.
Wage bill (ie cash out) £300k, PAYE/NI liability £150k per month?
What would the 4 gates have netted? 19000 ave, 13000 ST. 6000 etc. 24000 missed ticket sales
Anyway. £500k maybe so I can see why CCFC cash flow has gone wrong.
Just goes to show how important a live TV game or decent cup opponent is.
Also, it shows just how much of an impact that missing the first few matched has had.
————-
IF ACL is sold on to a third party, do CCFC have in place a claim scenario which will be attached to whatever sale?
It’s always good to look at what’s being said and when and possibly why.
-£20m dilapidations
-CCFC forced transfer embargo
-(Long shot) had to fire sale a £5m player for 1.4 to sort pitch out to play matches
-cost to rent Walsall, lost revenue etc. (why go for somewhere that holds less than the ST sales.
(I’m reaching) but smart SISU tactics would be to file a heap of legal claims tomorrow - some valid and winnable (pitch) some less winnable (lost revenue and having to refund tickets) and some total flyers (if we get relegated it’s ACL’s fault and it will cost 20m, so here’s a legal notice).
Why do this?
Well, if ACL is sitting on a £35m debt to Bondholders, whatever to HMRC and other creditors (I’ve no idea, £5m?) plus the liquidators fees (plenty) then the cost of getting the ACL Ltd as a going concern with the lease in tact (important this) is going to be £40-£45m minimum.
If the price tag is £40-£45m “and by the way SISU (who have a record of being a pain in the a*** with Legals) have chucked a load of intents down for £1m to £20m, some of the claims valid and so get ready to inherit a load of legal action and headaches”. “plus they might chip off and you’ll be stuck with an arena that can only be used for sport but they can break their lease because as a going concern ACL defaulted”.
“Oh and by the way there’s talk of £20m in repairs”
That £45m price tag becomes £45m plus another maybe £20m plus whatever CCFC do. Plus maybe a round of bondholder dividends due. £2m?
Not sure many people will want to pay up to £80m for the arena, particularly knowing that there’s no certainty on having a rentpaying tenant (Wasps in champ can’t afford)
As I said earlier, what is said, when, why. MR going on about Arena and club. Now the transfer embargo. Plus the FL wanting assurances from CCC. Being very public about being skint. It’s pressure by extension.
£35-£80m?
Uncertain income?
Financing won’t be cheap - uncertain interest rates and as we know banks won’t back uncertainty.
I’m again just guessing:
If ACL is sold as a going concern pre administration tomorrow morning - then CCC can’t do anything. (Doubt it)
If ACL goes to Admin and lease is sold then it’s not plain sailing. Going into administration doesn’t suddenly mean all debt disappears and with encumbrances on the main asset (lease) then it’ll be very expensive. As a side point it maybe none of CCC’s business and they can’t get involved. A
If ACL goes into liquidation then it’s going to be most interesting. Will the lease revert?
I still say SISU have been quiet on one aspect but noisy on the other - creating uncertainty to any potential rival bidders. They have a strong hand.
Have they learnt how to play it? Last time they didn’t.
So long as ccfc stick to the plan there should not be a problem. We cant sign players anyway just now unless they have no current contract and would not be fit enough in any case. It isnt great PR though. You have to wonder why the owners could not have avoided this that is a serious concern for me. What other creditors are not being met on time ? At least it is out in the open promptly
Unlike wasps though who were under embargo and no one knew until the coach said it had been cleared in a press interview and they could now sign players. Then the ceo blamed hmrc for calling it in as a reason why wasps were in this mess. HMRC only call it in if the terms are not met including keeping current liabilities not in the agreement up to date as well- its a standard term.
Too much clueless gloating by both sets of fans and failing to see what is staring them in the face.
They apparently in the summer put in some money in the region of £4.5-5 mill to cover last season’s losses, then said that was the lot, no more. So anything else unexpected or short term is a ‘no’.
Oh boo fucking hoo. Don't wanna lose money? Don't buy a football team. They have short memories
If you'd invested money and saw the value of it constantly decreasing, would you throw more money at it?Oh boo fucking hoo. Don't wanna lose money? Don't buy a football team. They have short memories
If you'd invested money and saw the value of it constantly decreasing, would you throw more money at it?
Which is fine but doesn’t really change us throwing away our Championship status as a consequence
Us as in SISU?
What the fuck is an aside , ?As an aside, looks like Sky Blue Believer was Dom Hyam.
Look at his Twitter feed.
Space before a comma.
Ie
Most people:
“As an aside, looks like…”
Dom Hyam and SBB:
“As an aside , looks like…”
I always wondered why we don’t get ITK info anymore.
It's the main track on a music record.What the fuck is an aside , ?
Throwing out some alternative angles here:
Googled CCFC wage bill and got two answers: 3.8m and 4.8m (gross)
Edit:
(People on here say £17m - maybe they are right)
Out comes the fag packet, not all of the wage bill is players, some is for “normal” staff so free pay, NI thresholds etc.
What would the 4 gates have netted? 19000 ave, 13000 ST. 6000 etc. 24000 missed ticket sales
Anyway. £500k maybe so I can see why CCFC cash flow has gone wrong.
Just goes to show how important a live TV game or decent cup opponent is.
Also, it shows just how much of an impact that missing the first few matched has had.
————-
IF ACL is sold on to a third party, do CCFC have in place a claim scenario which will be attached to whatever sale?
It’s always good to look at what’s being said and when and possibly why.
-£20m dilapidations
-CCFC forced transfer embargo
-(Long shot) had to fire sale a £5m player for 1.4 to sort pitch out to play matches
-cost to rent Walsall, lost revenue etc. (why go for somewhere that holds less than the ST sales.
(I’m reaching) but smart SISU tactics would be to file a heap of legal claims tomorrow - some valid and winnable (pitch) some less winnable (lost revenue and having to refund tickets) and some total flyers (if we get relegated it’s ACL’s fault and it will cost 20m, so here’s a legal notice).
Why do this?
Well, if ACL is sitting on a £35m debt to Bondholders, whatever to HMRC and other creditors (I’ve no idea, £5m?) plus the liquidators fees (plenty) then the cost of getting the ACL Ltd as a going concern with the lease in tact (important this) is going to be £40-£45m minimum.
If the price tag is £40-£45m “and by the way SISU (who have a record of being a pain in the a*** with Legals) have chucked a load of intents down for £1m to £20m, some of the claims valid and so get ready to inherit a load of legal action and headaches”. “plus they might chip off and you’ll be stuck with an arena that can only be used for sport but they can break their lease because as a going concern ACL defaulted”.
“Oh and by the way there’s talk of £20m in repairs”
That £45m price tag becomes £45m plus another maybe £20m plus whatever CCFC do. Plus maybe a round of bondholder dividends due. £2m?
Not sure many people will want to pay up to £80m for the arena, particularly knowing that there’s no certainty on having a rentpaying tenant (Wasps in champ can’t afford)
As I said earlier, what is said, when, why. MR going on about Arena and club. Now the transfer embargo. Plus the FL wanting assurances from CCC. Being very public about being skint. It’s pressure by extension.
£35-£80m?
Uncertain income?
Financing won’t be cheap - uncertain interest rates and as we know banks won’t back uncertainty.
I’m again just guessing:
If ACL is sold as a going concern pre administration tomorrow morning - then CCC can’t do anything. (Doubt it)
If ACL goes to Admin and lease is sold then it’s not plain sailing. Going into administration doesn’t suddenly mean all debt disappears and with encumbrances on the main asset (lease) then it’ll be very expensive. As a side point it maybe none of CCC’s business and they can’t get involved. A
If ACL goes into liquidation then it’s going to be most interesting. Will the lease revert?
I still say SISU have been quiet on one aspect but noisy on the other - creating uncertainty to any potential rival bidders. They have a strong hand.
Have they learnt how to play it? Last time they didn’t.
As an aside, looks like Sky Blue Believer was Dom Hyam.
Look at his Twitter feed.
Space before a comma.
Ie
Most people:
“As an aside, looks like…”
Dom Hyam and SBB:
“As an aside , looks like…”
I always wondered why we don’t get ITK info anymore.
If I lose can I pay in instalments?No, I said charity bet the HMRC will be sorted by the end of the year.
Are you in?
Just a few bullet pointsJust a few bullet points
Wages costs 2021 financials 13.4m
The club lost cash flow for a period not permanently so any claim if there was one would be offset by the income when match played. Not only that they will have received some of the income anyway.
Any purchaser of acl would have caveats against claims against wasps
How smart is it to alienate acl who ccfc and sisu appear to have built relationships
No one has quantified these so called urgent dilapidation so why is it 20m. Any pur have price would reflect that in any case. If the ground was in such bad condition why are all areas still open and a safety certificate in place.
Any claims would reduce what any purchaser of acl would pay not add to it
No liquidation fees if sold as a going concern. No administration fees unless go into administration
Administration or liquidation fixes debts and claims
Most of the acl Income does not come from sport
Could take months to sort out lease in liquidation and plenty of legals.
Etc etc
Sorry I just dont follow your analysis
Bit like your opening sentence then
Please tell me you’re on the wind-upAs an aside, looks like Sky Blue Believer was Dom Hyam.
Look at his Twitter feed.
Space before a comma.
Ie
Most people:
“As an aside, looks like…”
Dom Hyam and SBB:
“As an aside , looks like…”
I always wondered why we don’t get ITK info anymore.
So long as ccfc stick to the plan there should not be a problem. We cant sign players anyway just now unless they have no current contract and would not be fit enough in any case. It isnt great PR though. You have to wonder why the owners could not have avoided this that is a serious concern for me. What other creditors are not being met on time ? At least it is out in the open promptly
Unlike wasps though who were under embargo and no one knew until the coach said it had been cleared in a press interview and they could now sign players. Then the ceo blamed hmrc for calling it in as a reason why wasps were in this mess. HMRC only call it in if the terms are not met including keeping current liabilities not in the agreement up to date as well- its a standard term.
Too much clueless gloating by both sets of fans and failing to see what is staring them in the face.
With regards to Dom Hyam being SBB?
Nope
Look for yourself.
Look at all SBB posts @Skybluebeliever
Then look at his Twitter feed. It’s rare for people to put a space before a comma.
Then see that SBB hasn’t really posted since he left.
Then, read back his posts and think of whether or not Dom Hyam would have possibly had such info.
100% yes.
Particularly insightful was SBB response to the thread “Pask is better than Hyam”. Think it hurt him.
tbf Hyam's as slow as a 55yoSBB’s profile says he’s 55…
Do we take ID for people to join?... I agree the space before a comma thing is pretty random so could well be him or someone who taught him how to write...SBB’s profile says he’s 55…
Keep on puffing out your chest about an imaginary internet bet if you like, but you’ve got confused - I’ve never said the HMRC issue is going to bankrupt the club. My point is that keyboard warriors like yourself are rushing to downplay it based on nothing more than a club statement, straight out of the Wasps fan playbook.
Do we take ID for people to join?... I agree the space before a comma thing is pretty random so could well be him or someone who taught him how to write...
You are talking nonsense.With regards to Dom Hyam being SBB?
Nope
Look for yourself.
Look at all SBB posts @Skybluebeliever
Then look at his Twitter feed. It’s rare for people to put a space before a comma.
Then see that SBB hasn’t really posted since he left.
Then, read back his posts and think of whether or not Dom Hyam would have possibly had such info.
100% yes.
Particularly insightful was SBB response to the thread “Pask is better than Hyam”. Think it hurt him.
I’m really not and you know it but I understand why you’ve said that.You are talking nonsense.
Probably shit like this that stops people giving info
I’m really not and you know it but I understand why you’ve said that.
But I’m going to delete because some of the things he’s said might upset former teammates etc.
It isn't him. Obviously.I’m really not and you know it but I understand why you’ve said that.
But I’m going to delete because some of the things he’s said might upset former teammates etc.
Tell me your obviously proof.
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