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you are correct there is that option...... does it count towards FFP? ..... it shouldn't but like you say we wont know for certain until we see the next accounts. You wouldn't convert an interest bearing loan to shares that earn nothing unless there was some other benefit I wouldn't have...

not necessarily. The CCFC appeal was as I understand it based on the split of the rates between CCFC and ACL. If ACL succeed in getting a reduction in the overall rateable value then the calculations have to be redone. The split can be exactly the same but if the RV goes down then Otium will...

There were a few caveats to that duffer. It was based on putting the 2012 and 2013 figures for both together so was looking back and then posing the question "without big changes does it work going forward". But it doesn't look to be the solution we are led to believe because of all the debt...

probably to be certain Tisza. For the shares to count under the FFP then my understanding was always that it has to be new money and investment as shares not conversion of loans. W However sometime ago I asked that question of the FL who queried why I was asking, said each league has its own...

all a bit of a mess isn't it. It could get even messier. If ACL are appealing and get a reduction of the rateable value then that means the basis of the calculation for the refund to CCFC is going to be wrong again. CCFC could find themselves facing a demand to repay part of the refund they...

£1 per share sbj ...... total £2,151,000

The form filed is the Annual Return for 2014. All companies have to file this form annually. It lists the statutory details of the company (registered office, Directors, Secretary etc) It also shows the details of the share holders. These are as follows Ordinary shares in issue 1000 (split 901...

The implication that the auditors signed off accounts incorrectly because of this rates refund is simply wrong. The rates demand was legally valid and there was no successful appeal until sometime in 2012. The outcome was therefore not clear or even certain. No accounts for the rate payer CCFC...

It would seem to me to be a re apportionment of the rates liability between CCFC and ACL. From what has been said it doesn't appear to be an appeal against rateable value. My understanding is ACL nor CCC doesn't set the valuation & bill. Every 5 years or so businesses receive a valuation...

Not how it would work though is it .... They haven't put it on the market that doesn't mean they wouldn't sell it for the right deal/price As I understand it if someone was to put in an offer on a reasonable basis that came close to expectations because of the nature of the two bodies involved...

or they could actually make a meaningful offer ....... everything has its price ..... to see if they would sell

How do we know that the Higgs Charity want to sell? they have not said that. They said they are prepared to look at any reasonable proposal. It looks to me that things have changed for them since 2012 and they are prepared to sit and wait for the right offer, however long that takes. As for...

depends on whether SISU can swallow their pride really doesn't it. The only kind of deal they are going to be offered is a low rental deal on a 10 year rolling contract to meet FL rules and to be allowed to buy in to the match day income rights (and costs). Don't think ACL will bend further than...

I think there are a few assumptions that are made - that everyone wants the club back in Coventry - no one would or could argue against that surely - that the Ricoh arena is for sale - no one who owns it (lease or freehold) has said it is. - that the Ricoh Arena is the clubs right to buy - no...

Yes it doesn't work Ownership of a company depends on owning the shares not the loans. Take your pick but Otium owe at least £13m to Arvo plus accumulated interest and SBS&L owe 28.5m plus accumulated interest. Someone comes in as new owners then unless those loans (Plus interest) are written...

Part of the case yesterday was to have the Duff & Phelps valuation/assessment of ACL and loan included in the disclosures for the JR. It was rejected by Justice Hickinbottom as not relevant to the JR and specifically he wasn't going to get involved in arguments of opinion between professionals...

The judge who sat in court yesterday is the one that will sit on 10th June. He made clear yesterday that the JR will stick closely to the matter in hand. That matter is the decision and approval & process regarding the CCC loan to ACL. I think the Judge will seek to limit either side from going...

Not sure what the significance of the PWC report is if the CCC are shown to have acted properly in providing the loan. The rules advise getting proper reports done - but it is not mandatory. You can disagree with an experts conclusion if you can put a good case to so do. In taking a report from...

well they own the rights to the report ......... it is not entered in to court as part of the JR process. They could release it but then if it damages ACL's reputation or finances it could get costly

I think all the way along the timeline of this dispute you need to look at who is using the legal process and who is following the legal process - there is a difference. I would suggest a starting point way before March 2012 The one thing the Judge has done yesterday is to ensure the case June...