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Final is next Friday 9th Wingy. It will be a tough game WBA are a very good team but our lads are up for it :)

Been a very busy period at work and as the accounts were not available to download (can be done for free http://www.charitycommission.gov.uk/find-charities/ ) then there wasn't much to comment on. The accounts do not in fact value 50% of ACL at all. What the accounts state is that the value of...

In a word no Compass bought shares in IEC ....... IEC used that money to buy a licence for the catering at Arena for 15 years........ ACL ltd received that money as a sale yes. However when you put the group accounts together the transaction between IEC and ACL Ltd would contra out and be...

I think we can agree on that :)

Am just trying to keep an open mind as to what would really have been the outcome ....... something caused the deals to break down. As so often has happened in this dispute what we thought was clear quite often is not. Still comes back to the different definitions of debt free and where things...

There is certainly an effect caused by the Olympics no one can argue otherwise In terms of current turnover I can only refer you to comments made by PWKH in the press and on radio some time ago and to quote his wife (Trustee of AEHC). "Turnover is now at around £14m and growing. There will...

there has been no breakdown of the turnover LS so we do not actually know how much extra was due to the Olympics, equally there has been no breakdown of the cost of that Olympic turnover or any increased associated costs

Thanks Godiva. Point taken. Yes it does go on about the intention for SISU to discharge the loan. Yes it does say that in return for SISU discharging the loan CCC would grant ACL 125 lease. It also mentions this would leave ACL "debt free" with no loan payments. Questions though (not...

Think you will find the loan being discharged that TF was referring to was the YB one. As for the transcripts not got time to go through them again but if you can point to where it says the monies paid by SISU/CCC were to be written off I am happy to accept that Being discharged could be paid...

SISU/CCC buy loan at a discount say this mythical £5m....... that clears Yorkshire Bank. Who repays SISU/CCC their £5m? ACL didn't have the funds to do it, if they had that cash they wouldn't have needed it from SISU/CCC they could have bought the loan themselves. So that leaves some sort of...

I think there has been a lot said but very little real facts or detail so far around those SISU/CCC meetings and HOT's wingy. Clearly something changed for CCC and you have to assume hard nosed business people would seek to maximise returns for themselves in any deal

Just a thought on the loan deal ......but I am sure it will become clearer in June at the JR Say SISU & CCC did agree to purchase the loan off Yorkshire Bank for 5m. Does that mean the loan in ACL actually decreases because SISU/CCC now own the loan? Not sure it does necessarily The deal...

CCC includes the cost of their investment in NCH at £1.758m but have taken a view that they would make a full provision against that cost of £1.758m so that the net value is shown £nil. It is based in part on valuations done in 2012 (I believe it was stated by CCC that none had been done since)...

That's the problem Nick there is no "standard business" each case has to be looked at separately because of all the variables - not least of which is what is actually being sold or valued and on what basis. Looking at ACL some of the things to be considered are - is the lease secure, how at...

All a little confusing CCC....... own 100% of North Coventry Holdings Limited (NCH)....... which owns 100% of North Coventry Regeneration Limited (NCR)and 50% of ACL Principal activity of NCR is described as the build of the Ricoh Arena Principal activity of NCH is described as holding...