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apparently Plan A is not a new stadium :facepalm: http://www.coventrycity-mad.co.uk/news/tmnw/ricoh_still_the_preferred_option__claim_819282/index.shtml

From what I understand from the accounts Otium already owe Arvo 9.1m so add to than the equity loans they will need to put in for the "new ground" I would say CCFC group will have just as much interest bearing loans with an additional £28m unsecured in SBS&L. Will they turn a profit any time in...

" the ground will be financed by a mix of equity and finance" ....... Otium havent got any assets to contribute (cash or otherwise) neither has SBS&L so that must mean that it will be financed entirely by loans from ARVO, SISU investors or third parties doesnt it?

oh dear Mr Labovitch :facepalm:.................

I can see the point Grendel is driving at....... sometimes the best way to deal with a bluff is to call it. The CCC and ACL will remain quiet on this for all sorts of reasons...... primarily they are getting on with their own stuff, the CCC running the City and ACL running their business...

has CJ said the thrilling news he has is anything to do with CCFC? I think releasing artist impressions would be newsworthy especially if the club were pushing for it to be I could be completely wrong...... just dont want to see loads of disappointed folk on here

personally I dont think the announcement will have anything to do with the Ricoh, most likely an artists impression of the new ground. If it is just that then where is what I want to know

It seems to me that this might be an opportunity to get to more details of what is going on. I know Mr Reid was often saying that CCC and ACL would not talk to him or give him information. If that were the case he could not have been getting all of the story surely? Perhaps who ever replaces...

If he has gone then I would not wish him ill. He has family to support I assume, it is Xmas and jobs at newspapers are scarce. Did I agree with all of his articles in the CT - no. What he did do was stimulate discussion and to provide some of the facts, mixed with his view of things and...

Some time ago I asked the question did ccfc need to be distressed (or at least appear to be) in order for a plan to distress ACL to be effective? would have no idea if that was planned or not and make no such claim but it would seem logical But would you really plan to be relegated? That might...

dont see why not wingy. The cost on the P&L account has to be put to one of the three named on the JR case. CCFC H is being wound up so it wont be them. Why would ARVO put anything in other than as a loan? kind of leaves SBS&L funding it and only way they can is by the profits of CCFC (Otium)...

The JR case has been brought by ARVO, SBS&L and CCFC H. It may be that SISU or ARVO pay the costs but I suspect only as loans to SBS&L. Otherwise where do they get the tax relief available for defending the good name of CCFC?

If that was said ....... how did the bank have the authority to send the auditors in (thats a general question wingy not directed at you as such :) )? Given that the accounts were due to be filed 28/02/13 for year ended 31/05/12 for ACL then I suspect the ACL auditors were already in. The...

As I understand it ....... and i am not sure so happy to be corrected....... the valuation of £6.4m was carried out by CBRE for Yorkshire bank in order to value the security of the YB loan. The £6.4m was the worst case scenario (ie if ACL ceased to trade) and excluded any valuation of the CCFC...

Results of a Judicial Review is not just the loan is cancelled and ACL have to finance elsewhere or go bust. It could be no case to answer, it could be re run the decision process which could give the same answer or a different one, it could be the loan is forbidden and has to be repaid, etc etc...

Think you will find the valuation is part of the decision process ................not the only factor in the decision process The 6.4m was the valuation carried out for Yorkshire Bank on the terms they set for their own purpose and a worse case scenario excluding a tenant in the stadium bowl...

Plenty of councils do it RFC, it isnt unusual, even Northampton Council have.

kind of depends on what valuation is used by the council really though doesnt it. They would have a duty to obtain a valuation on a basis suitable to their decision making purposes and would not be able to rely on the Yorkshire Bank valuation that was done prior to any reorganisation. It is also...

As I understand it one of the grounds for (or at least reasoning) for the JR is that the Council paid out 14.4m to settle Yorkshire bank but the value of assets it secured on was only valued by Yorkshire Bank at a worst case scenario of £6.4m. That it was uncommercial and no one would do it...

Think you will find ashbyjan commented on that on another thread .... cant be sure ..... so i would assume so. Doubt there was any way in which the Trust would demean the sacrifice of millions in WW1 Grendel Interesting that a war reference should have been made in the direction of the Trust...