Search results

My first reaction is ...........unbelievable how It seemed from the headline we won out of all the FL clubs, but in actual fact it is a quality award given to many but This is based on the people who do go so as such it doesn't consider the circumstances of being in Northampton only...

Does the money need to be with the administrator/liquidator though? Surely it is a separate contract between FL & Otium that they (Otium) pay ACL £590K as condition for being awarded the Golden share ? Why would ML need to see CCC to pay ACL the money, the money is nothing to do with CCC. It...

As always things appear to shift depending on who you ask. I was under the impression that the £590k had to be paid by the end of the season. Now it seems to be the later of the end of the month or the liquidation of CCFC Ltd. The ACL accounts say the amount is owed by Otium so why does...

As far as I know it is still owned by the group with an ARVO charge attached SBJ. Would have to do a land registry search to find out otherwise until the next accounts are published.

Just another couple of thoughts. The accounts to 31/05/13 indicate the club had drawn down a further 2.8m from ARVO. I would assume that covers a period up until the accounts were signed off 27/02/14 plus issued ARVO with shares £2.1m to date. Call it a round £5m extra funding. However part of...

Yes the drop in matchday income is massive but so too have the decreases in wages and overhead. Not sure how they accounted the rates rebate but it is cash flow if not profit by same token on the other side is the payment due to ACL. There was something like £800k of rent and matchday expenses...

I think this provides food for thought as to how it will affect CCFC http://www.coventrycity-mad.co.uk/news/tmnw/city_could_be_hampered_by_new_b_team_league_proposal_832406/index.shtml If this comes in then CCFC need to be in the Championship asap or risk being trapped in L1, given all...

Agreed Jack. I get the feel of different strategies though. CCFC - cut back as much as possible to reduce losses where they can. Yes I know they have put some money in but covering losses is not really investment it is called providing working capital. There is for me the impression of a lack...

pretty much LS unless there is a major change in expectation and business operation, which is going to involve the CCFC "loans/equity" being written off or made interest fee. Fans expectations need to managed, we are L1 and, with the level of investment, likely to remain so without major change...

what is a normal year ? apart from saying CCFC will make a loss in a year nothing ever seems "normal" ARVO & the SISU funds are charging interest though and in order to pay down the ACL loan there is likely to have to be some owner capital provided (ie more debt) so not sure you are right to...

Both officers (employees) of the Council not Councillors at all. Reeves is no longer an ACL director any way

Could easily cost upwards of £10k Ian to value the land and business. To value the ACL business you would need access to the books and non disclosure agreements assuming you could get permission in the first place. To value the property properly you would need to access all areas again need...

Not quite right LS. Football investors was originally set up by CCFC. It had share capital of £2m and Cash £2m that cash was used to purchase 50% in the ACL joint venture. What then happened was that CCFC were paid by AEHC £6.5m for the shares it owned in Football investors. The cost of...

when is the payment due to ACL that was agreed with FL as part of getting the golden share? I thought it was by end of the season? ie should have been paid by now if so has it?

I don't think they will show such big losses to be honest They have had monies in from Cup games, sale of Leon Clarke, add on's for former player sales and the rates rebate (am assuming paid to them). There will also be monies due for prize money & TVetc. Costs at Sixfields are very low and...

Better question might be which councillors are actually on the Board of ACL?

Just something else that keeps being mentioned management charges. There are no details in the published accounts of Otium paying management charges to anyone. What did used to happen was that CCFC Ltd paid CCFC H management charges of around 2.6m. That was disclosed as income in CCFC H Ltd...

Don't know to be honest but if I had to then I would say it is unlikely ............ but it is not impossible and things may change to make it happen. Definitely do not see us playing there next season based on what we know

I am not sure you can clear it up for the benefit of everyone........... I think somewhere someone has to lose an awful lot of money. First and foremost I have to put the fans first, followed by CCFC, owners of entities & councils further down the list. The fans want their club back and I...

In no particular order 1)Recent up date at company house. Otium have issued 166,000 more shares. Share movements original 1000 issued increased to 501,000 23/10/13 (to comply with FL insolvency rules for New Co exit from insolvency) increased 10/01/14 to 1,985,000 by issue of 1,484,000...