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I'm sorry to poop the party but I think Pressley's report card would read 'unfulfilled promise'. We have an abysmal defence that has never been sorted and a lack of any real quality in the squad other than a small number of 'rough diamonds'. Signings have been mostly poor. If this is the...

Spot on!

Great post Jim. I do agree. It seems we're caught by owners that can't sell and therefore buyer's can't buy at a realistic price. Would you pay £10m-£20m for a business with a deficit of more than £30m? I don't know the endgame here. Something tells me that SISU are in 'shit or bust' mode...

Indeed. I seem to remember JS saying that she wants a return for her investors. If they have put in £35m over six years she might need to seek more than £50m to get a 'return' for her investors. It's hard for everyone, SISU included. I'm sure they want to get rid of this mess. Fact is...

You then need to deduct its liabilities. That's a net deficit of more than £30m.

You thought wrong. They have invested. No disputing that. Question is, how much?

No - you sum things up quite nicely. The Judicial Review is next but that only debates long term funding of ACL. I don't see it opening doors for SISU to acquire ALC any time soon. There is very strong evidence that the current owners have burned their boats with the club's fans. If they...

Yes I did! I read a huge amount on here and elsewhere. I merely pointed out that the owners of ACL can name their price - so any valuation is theirs and theirs alone. What did you miss from yesterday?:thinking about:

The value of ACL is irrelevant. As neither Higgs nor CCC need to sell they are in control of the asking price. SISU either need to negotiate a deal or stop talking about doing so (which they seem to have done). From what I gather over the last few days a Heads of Terms (HOT) was agreed for...

For me this hits the nail on the head. The judge felt that both sides drifted apart and weren't negotiating. Your can't claim to be negotiating if you're not actively at the table doing so. On balance he felt that both sides were unwilling to talk to one another. On that basis I don't think...

I have worked on a few takeovers in my time and due diligence doesn't take forever and needs to have an agreed finish. You can't open your books to a third party forever. If SISU needed more due diligence they should have put more resources in. I'm sceptical. Six weeks should have been long...

ML has alleged that CCC and ACL were working together to de-stablise the club. Whether he's right I don't know. He does seem to forget that it could be alleged that SISU have worked with their funds and CCFC / Otium to de-stablise ACL. Still, he's not really one for balance is he?

SISU have a reputation of being litigious. They're regulars in court and they don't always win. In this case their counter claim was dismissed very quickly so it seems that it was without foundation. Nothing more than sabre-rattling designed to bully the Higgs Charity. One of SISU's...

Born in Gulson Road Hospital but moved to Nuneaton at 18 months... My grandfather (mother's side) was a season ticket holder and lived in Wyken (Clovelly Road). He also played for Coventry Rugby in the pre WW1 years. My grandmother (father's side) was born in Highfield Road. Every match day...

I'm not sure that's the case but the our 'contractual situation' quote is good enough to say he's not coming back. I've got some good contacts at QPR and I am being told that they want to keep him but rumour is that Mark Hughes wants to take him to Stoke. Petrasso was on the QPR bench today...

Agreed. 'They.." - The club..!

CCFC couldn't afford to develop the stadium and it would never have been built if it wasn't for third parties. When in need of money the club sold it's rights to match day income for a few quid. The club protected some of its rights with contractual buy-back clauses that were never exercised...

Great thread. I do think that there's an option that hasn't been mentioned. I'm not sure the JR process will complete in 2014... The first judge found in favour of CCC - I think the crux was that they were protecting their own investment and it was felt that justified their action. The judge...

It's my understanding that nothing would happen because the club aren't owned by SISU. SISU Capital are fund managers who manage investment funds on behalf of clients. Clients put money in and SISU invest it on their behalf and get their fees for doing so and (presumably) giving investors a...

Great post. You really are being generous at £3m. Like you I can only get to between £1.5m and £2m. With gate receipts struggling to top £800,000 if the rumour of free tickets is anything to go by then things will be a real struggle. I can only see a few senior professionals - the rest will...