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Don ........ you know you have to look behind the headlines ........... they were already paying out for it the decision was whether to continue paying for it or to reduce it or to close it. The academy has been established for years, has existing costs that should have been recognised. To be...

wasnt there headlines in the CT a few years ago that it cost £250K to keep it going ?

have no idea if it has any relevance to sisu's investment in ccfc but this is a kuwait based government body

Two queries on that ...... surely we were already incurring costs on the academy wouldnt they count in any calculation? secondly if the funding was reliant on £500k from Bigi what happens next year ?

Got to agree with you on that torch........ happy days !

Wouldnt recommend that as it would be illegal............. the 3rd Party debtor order is on Huddersfield so the money owed to CCFC is frozen in their hands not CCFC's. Can not be paid out until decided in court 02/05/13

I think what we are looking at is a changing world When CCFC first went in to the stadium the set up was 85% for the club with the possibility of other income being available for the site. In that circumstance you could argue that the club should contribute the lions share to costs &...

certainly looks like that has happened. Think people forget that the first duty of ACL directors is to what is best for ACL. They have to minimise that financial risk, but it looks like most turnover etc has nothing to do with CCFC in the first place The deal that the club was offered gave...

not necessarily, but to be honest i do not believe ccfc will ever own acl. - wont happen under current ccfc owners - any other owners need to gain a track record - any other owners would own it as part of a group but it makes no sense to put it all in one company when football is so volatile...

Just a thought on the turnover figures...... gone up 18% from £6.6m to £7.8m in round terms. Strangely by an amount similar to the current CCFC rent. So it is possible to make up that level of turnover...... of course couple that with cost savings (interest & wages) and the business seems a...

Just some brief details from the accounts with a little commentary(in italics). Make of it what you will. - The accounts are not qualified by the auditors, nor do they have an emphasis of matter detailing going concern issues. That implies the auditors had no issues on going concern of ACL as...

It is possible ccfcway, but doubt there is any way we can find out one way or another. I am sure they are working some angle but god knows what it is !

remember going to Peterborough game............. went for a pint and food on the barge that is moored on the river by the ground. Ordered a spicey beef sandwich, was asked did i want the mild one or the spicey one ................ ordered the spicey ........... was the hottest spiced thing I...

on the declaring F&B details SISU have already done some sort of due diligence when getting to heads of agreement on shares the deal was not to give the turnover to CCFC but to give CCFC the right to include it in their accounts whatever the figure was ....... it would have been cross...

but if they have already written that debt down, made plans to do business differently then they have in effect already taken the loss. Not to mention that the Escrow of £500k and match day expenses £300k already drawn. So the cash loss isnt over £1m I agree both parties need to get this...

Not sure ACL are in a position to offer a better deal than they have. So what an IP could achieve would seem to be a break in the lease and a reduction in the rental arrears liability. The directors of ACL have a duty to do what is best for their company (same for all directors). It could be...

no HMRC used to have preferential status but I thought they had lost that some years ago

I thought that HMRC were no longer classed as preferential creditors and were now classed as unsecured so will not come second?

during the right to occupy what would be the rent liability ? ............. the existing rent or would it become part of a settlement ? ACL could still say thats the deal on offer take it or leave it All of the assets are charged to ARVO so i assume they get first call on those ...... only...

Got to assume the CT got it from somewhere .......... so say it is possible (there is nothing I know of that says it can be done, the League share is not transferrable to my knowledge for starters) so CCFC close down trade transfers to CCFC H ....... it breaks the lease .......... so club...