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Who is it that is due to pay ACL though. If it is a condition of Otium taking the share then is it their liability? in which case why would the liquidation of CCFC Ltd stop that? Appleton had already run up costs of nearly £1m (his plus legal fees) back in September. Otium paid £1.5m in to the...

Interest that is being paid The accounts for 2013 show interest accrued on the £28m investment fund loans of £456,667 with a comparative showing £256,667 for 2012. The accounts for 2012 state "no interest is currently accruing under this loan agreement" (accounts signed off 28th October 2013)...

thanks everyone...... just doing what I can to help

and apparently CCFC, ACL The Charity, SISU, Alan Higgs Trust, let alone my own business!........ no wonder I get no sleep!:facepalm:

I would hope that I would rather than laugh in a clients face ask why the client would want to do that, find out all the facts I could before advising that client. As I suspect your accountant would if asked as a serious question. On the face of it the return you estimate is not a very good one...

Oh I know they have no altruistic motive here, no naivete on my part just pointing out a contradiction in many fans thinking...... The club is a means to an end, a tool to be used in their scheme. Then we agree that the purpose of this is first and foremost their investors and that the club just...

Leaving aside the issues of whether the right boxes were ticked etc to do it what essentially makes the loan from CCC a loan a the loan that is a huge debt but the money from SISU investors or ARVO not a loan but investing their own money and not really a debt Is it not the case that it is...

Not a bad guess I would think Robbo but what is in the best interests of the club ? Keep being told people (including TF & ML) are only interested in what is best for the club. Keeping the loans is to SISU's benefit not the Clubs and that is a separate interest to CCFC. There is always the words...

I would think so Nick. This season the playing side costs will have dropped certainly but there is still the other staff to cover, despite the 300+ stewards they wont actually be a major cost (or as many this season.), some commercial staff gone etc . There are also payments to settle the bomb...

You know the one thing not picked up on is that the staff costs exceed the turnover by 468k (ie are 107% of turnover). Put interest, rent etc to one side for a minute..... there is no way a business is viable doing that.

Ok FP wasn't sure myself Have found some minutes from various councils that indicate a rate between 4.5 and 4.8%. Which is still less than the 5% ACL are paying. Perhaps the CCC accounts will tell us

The truth is a little more subtle. CCFC Ltd owned the lease and therefore the administrator would have been liable for the rent once appointed. What happened was that the administration process required CCFC Ltd to leave the premises, that way no liability to the administrator. However CCFC H...

Rates for the Public Works Loan Board are here http://www.dmo.gov.uk/index.aspx?page=PWLB/PWLB_Interest_Rates only had quick look but variable rate seems to be 1.06%

Thanks for posting that up Robbo My take on that article is that it is the club saying this is the questions we want you to ask so that we can make the statements we want to. Not exactly probing are they. Final question on the loans I have for them. If they are not proper loans then why...

So if the money put in isn't really debt just "a couple" of questions 1) why do they or ARVO require security? 2) why is interest charged? 3) why is at least part of the loan repayable in December 2014? 4) why is it described as loans and borrowings? 5) is there formal loan agreements...

Well if you were to apply the accounting treatment wrongly then yes ....... however that would have meant the full amount of lease premium settlement would have been written off by now and the Balance sheet would be £2.7m better off because the full amount would have been moved to profit...

see above :)

Not quite so though is it Godiva. If SISU manage ARVO or the funds then they take a slice of the income or fund total. So not directly taking anything but say paying £1m + in interest will achieve income for SISU to take

Well the worth of the site is tied up in the lease really because the freehold is encumbered which would depress that value. Is it a fair value ? I would have to see the reasoning to comment. What I would say is that the auditors would have to form an opinion on the valuation and have accepted...

I think ARVO are already pulling the financial strings the shares are just extra protection for them, they already effectively own all the assets and have charge over the SBS&L shares ........ and wouldn't be at all surprised if JS and SISU are deeply involved in ARVO Master fund.