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wont disagree with that albatross :)

Albatross......Auditors have to look forward as well as back so the future budget and sustainability is important. Key to any accounts is if they are a going concern and directors when preparing accounts for audit have to consider a period forward of at least 12 months - the auditors then test...

Just added my own take on what you put dongonzalos :) but i agree with most of it

that assumes the only income is the rent from the football club callum ........... that rent accounts for 15% of income apparently so i think £20m is light although that includes trading income share from joint venture with compass. However the hotel, casino, exhibition halls, function rooms...

got to be careful as to what you are talking about buying ACL own a lease on the stadium - the option is to buy 50% of the shares in ACL not the stadium This assumes the option is still valid because a lot of agreements will state it only exists whilst the tenant is up to date with its...

I was having .... trouble..... sleeeeeeepinnnnng ........ zzzzzzzzzzzzzzzzz

Alternative thought Perhaps we need to look at things in a different way ......... perhaps accept that the most important thing is the survival of the club rather than retaining certain players. If they have established a player budget to survive in League 1 (nothing more) then perhaps they...

No probs Otis :)

22nd March 2012 ......... the debt it is secured against probably didnt exist 5 years ago. Other charges have been in place over the years and removed.

Questions he should have asked - who are ARVO? - What is their purpose as far as CCFC goes? - is there history of ARVO being used by SISU in similar situations ? - what did they supply or loan to CCFC & CCFC Holdings to enable them to have the charge over the assets - Why didnt Sconset have...

to answer your questions csb it isnt ok not to file accounts and it could render the directors liable to penalties the league sanction is a transfer embargo but ultimately (but unlikely) they could kick the club out Company House kicks in the day after failure to file with automatic penalties...

not filing accounts on time is not normal business practice Clearly Mr Turner is a sports writer and has no idea when questioning the ARVO debenture, and gets fobbed off with a dismissive reply from TF.

I think you have to take that as meaning new owners or investors in ACL or the Stadium.......... which SISU would be if they became part of it (they are certainly talking to the council about it) .......... taking it to mean Hoffman is nothing more than a leap of faith

just out of interest who is he in talks with ? SISU say its not them CCFC say its not them Charity say its not them ACL say its not them Pretty sure the Council say its not them You can choose to discount the first two but as any successful deal is dependent on the stadium income streams...

How would such a management charge work - for a start CCFC provide no services to ACL or pay any costs whatsoever on their behalf and therefore it is an artificial transaction for tax purposes with tax consequences But above that given the current turnover is £6.5m and current profits are...