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Aah I've got it now you keep referring to the Academy but you don't mean the Academy Where you say Academy I think you mean the Higgs Centre? The Academy is the young lads who are supposed to be our future players and associated staff etc.

Still lost, who is supposed to be paying the Academy, they got a £480k grant that no one has located to the best of my knowledge, is that what you mean? I would have thought that the grant should be in Ltd if the Golden Share is still there.

Nope just saying that there will have been a maximum number of tickets they could have sold.

Sorry I'm lost now who is supposed to be paying the Academy, they got a £480k grant that no one has located to the best of my knowledge, is that what you mean? I would have thought that the grant should be in Ltd if the Golden Share is still there.

What I read with interest was this bit: This appears to say that they were treating LTD and Holdings as being under the same 'umbrella' (using the term someone did earlier) and the two were basically linked. Therefore they were happy to accept payment from an entity known as CCFC (Ltd or...

I thought the issue wasn't about who was paying it was that the company who had contracted to use the facilities was now in admin. Therfore a new contract had to be drawn up with Holdings to reflect this change of user. I think (and I'm not a lawyer) that this would affect the centre legally for...

Wasn't the Davis Cup stuff in the Jaguar Exhibition Halls which would limit the numbers of tickets they could sell anyway, given occupancy limits?

And CCFC/SISU bothered to ask for negotiations for a rent reduction before boycotting paying the rent? If my tenant just stopped paying the rent one day (unless there were very good reasons) I'd sling them out sharpish and look for someone else. If they came to me looking for a reduction I'd...

It isn't a massive surprise that everybody else seems to think that the Golden Share is in Ltd and he still wants to make investigations to satisfy himself of this. He is probably just covering his own backside and has every right to do so. However the Academy side is puzzling me. So long as...

Yeah I can't understand why he is suggesting doing anything with Holdings unless the two are inextricably linked and therefore both in admin. The missing £480K is a real worry, where has that money gone that could be paying the academy bills. If as many think the Golden Share is in Ltd, then so...

More to the point what happened to the £500,000 grant for the Academy? :thinking about:

Apparently he loaned it according to notes taken at the AGM on "advantageous terms" Notes taken at the 1996 AGM.

No more evidence than that of the original post, and as I said is just what I was told. I'll have to see if I can get them to back it up, I think they were at an AGM where it came up in questions about the clubs finances.

Someone else has now told me that the rate was very low, far lower than the club could have borrowed at, but that he was getting interest.

At least Sisu haven't got it at the moment.

Interesting it would be in the reports and accounts if he had, anyone who was a shareholder and has these around can you confirm this?

Did he receive any interest (I thought he didn't) and was it £20m or more if he did?

Ooh I'd so like Mr Richardson to have prove that was factually incorrect in court, and I don't think he could as I know BR was paid as Chairman. However I didn't think GR got anything for his time as chairman/board member.

One thing I did find whilst searching online was a look at the unfurnished offices of Sisu: http://www.stirlinggrey.co.uk/sisu-capital