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Freehold gain. This can be written into the balance sheet of the freehold owning company following a 'revaluation' of the asset.

I agree that relegation was deliberate to bring the issues with ACL and CCC to a head. I hear what you're saying and respect your view. At the time we were told the club had no funds to invest to keep us in the Championship. Now the same owners have 'tens of millions' available to support the...

Good point. The crux of SISU and Fisher's position is that they want the Ricoh's freehold for very little and they want ACL liquidated in the process. Why would CCC sell the Ricoh to SISU for nothing and allow them to take on all the benefits? ACL have a long lease and other partners -...

Great post! Seppala hasn't got to grip with this. We're collateral damage as far as SISU are concered as they get increasingly desperate not to write off any of their investment and impact their customers / investors.

You didn't really listen closely enough... ACL's statement indicated that there was no rent however, they're asking the club to cover their (ACL's) costs of granting them the use of the facility. I'd see this as ACL wanting the club to pay their costs for the upkeep of the pitch and the...

This is entirely unfair. I think Les Reid is reasonably balanced in a complex situation. Where I do disagree with him is that he makes things much more complicated than needs be. The bottom line is that the club's situation and relationship with ACL and CCC was known at the time of the SISU...

I agree with this. However, SISU want to value the Arena (ACL / Ricoh) on the basis that the club aren't paying rent and the council will want to value it as if it were combined. As it benefits SISU to own it the valuation should be done on the combined - as the council don't need to sell...

There have been a lot of great contributions to this thread however one thing worries me... The value of the Ricoh as we move into 2014 has nothing to do with its value in 2012. I have worked on acquisitions and for companies that have been the subject of a takeover and experience says you...

I've known Rob for years. He was instrumental in the starting of the Sky Blues Trust (first incarnation). The Trust morphed from a fans action group called CCFC-IS that wanted to acquire shares during Richardson and Robinson's time. The fans action group grew from a group of friends /...

I think we've just seen the wheels come off - big style. When I've seen games we haven't seemed to have much variation in our game. I think opposition managers have had long enough to see our 'young' players and they've been able to react. With a poor defence being off-set by two in form...

Get real! I seem to remember that SISU put the club into administration after failing to pay their lawfully owed rent. They then relocated the club to Northampton and lost 85% of their home fan revenue. And you think the council don't want the club to prosper? Think again. The...

There's no deal for the freehold without there being a deal for ACL first. Much of what is said and printed via the media is Seppala's 'code-speak' for owning ACL and the freehold of the Ricoh. I don't see the council being stupid enough to do a deal for either without conditions. I'd suggest...

There is a lot we (the fans) have been told by SISU since their takeover that doen't add up. SISU (via Fisher mostly) seemingly 'over-egg' where possible to help their cause. It's understandable as they own the club. Think of the stadium plans now being behind Fisher's timescale he suggested...

Many thanks for the summary. I think part of the reason for negotiations over the arena are that the club are falling significantly short of their turnover target this year and losses are mounting much faster than anticipated. As for the where the £21m went I seem to remember that £30m of the...

Very good news that Ann Lucas and Joy Seppala are to meet. Like many on here I don't understand why Seppala wants the Freehold - it's useless while ACL has 40 years more on their lease. I'm beginning to suspect that this is 'Seppala-Code' for wanting to buy all of ACL. I'm sure the first...

Fantastic summary of the current state of affairs. They're struggling to get a site for a stadium and time moves on. We're now up to four years in Northampton as nothing has happened this year and talking to CCC will waste another year or two which will make five or six years at Sixfields...

Seppala is playing games. The same tactics she uses to buy distressed businesses. Firstly, Ann Lucas shouldn't go to meet Seppala. The council and ACL don't need to sell the Ricoh - SISU have asked to buy. Therefore Seppala goes to Lucas - in Coventry at the Council House after the council...

Good points all. But you have to look at how money devalues over time. If the Higgs Charity could get 5% interest by holding funds on deposit then it is likely that a 5% return on their investment would have been guaranteed by the club. At the time the club was in such a bad financial...

Good point Godiva, I don't disagree with the £8m although I think that is about the price the club was paid when they sold to the charity. Ten years on that figure might be closer to £12m for a buy-back. If that were the case it would value ACL at £20+ million which you might pay to a willing...

Remember Derek Higgs had the charity help the club. When I asked what the formula was he wouldn't give all the details. He did say it ensured the charity got a return on their money and it was fair on both the club and charity. Nick, Sir Derek did nothing but support the club with his time...