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  1. oldskyblue58

    clingan gone

    no surprise ..... cant afford Clingan or Eastwood. Clingan had his good moments but generally "not at it" this season .......... Eastwood has been a complete waste of money at a time we could ill afford it (i have no sympathy for him at all). Wish Ireland a bit better fortune with his...
  2. oldskyblue58

    councillor john 'thug' mutton

    Have a lot of sympathy for that point of view Sub Somewhere and somehow there has to be a compromise that suits both parties though. The cynic in me sees the whole rent thing as way to deflect attention. Querying the rent is a valid question but is irrelevant if SISU do not deal with the...
  3. oldskyblue58

    councillor john 'thug' mutton

    I am really not sure how Mr Mutton thinks this hard line public posturing is helping the situation at the Ricoh and with the club he apparently loves. Whilst the parties concerned should be firm in their stance it does no good at all to entrench views publically. It is important that all parties...
  4. oldskyblue58

    Osb....

    BSB - change the terms of the lease and it is a new lease, so in a sense it is negotiable. However it may be that the terms of the borrowings ACL have are linked into the lease covenants they have so it might not be so easy. CCFC have to prove in cold hard and verified facts their financial...
  5. oldskyblue58

    Ah the JOY of it.......Joy Seppalla talks

    Everybody knows ideally the club and stadium should be one - but we need to deal with the realities not just demand that the football club should own it. There is more to the Ricoh than CCFC. Of course in the perfect world the club would own it but the club screwed up .... no one else the...
  6. oldskyblue58

    Ah the JOY of it.......Joy Seppalla talks

    yes, no point given current circumstances, and yes NLHWC there is a third option but I cant see why they would,..... buy into ACL and take a long term view of the project. Actually link in with the stadium prove worth and work together with extra income in 15 years. But that doesnt solve any...
  7. oldskyblue58

    Ah the JOY of it.......Joy Seppalla talks

    really getting tired of repeating this.......... What is on offer is the shares in ACL. That gets you 50% of ACL not the stadium. It does not entitle you to 50% of the income of the stadium. It entitles you to dividends which cant be paid because (a) it would be illegal as negative balance...
  8. oldskyblue58

    Osb....

    In theory yes ACL could but I can not believe they would be keen to take on that debt. I think Charity rules would exclude the Charity from doing so. Similarly the council would be excluded by local government rules from being directly involved
  9. oldskyblue58

    Administration or liquidation?

    how does tying SISU in to 50% of the stadium facilitate SISU leaving ? They are then stuck with shares the disposal of which is dependent on the acceptance of the other 50% shareholders. isnt it that CCFC not SISU need the shares and SISU want to dispose of CCFC.......... but even then the...
  10. oldskyblue58

    Osb....

    Interesting idea MMM ok what we know - CCFC have a 40 year lease of the stadium at £1.2m per annum started 2005 - SISU struggle to confirm its support for the clubs finances on an annual basis - ACL have a 10 year agreement with Compass to run the stadium on a joint venture share of profits...
  11. oldskyblue58

    Administration or liquidation?

    so in simple terms if SISU hold over 75% of the debt owed and own the company what exactly is the benefit they gain from administration when they control the situation anyway? If they pull the plug it will be liquidation What is the fixation with the council and it being all their fault ?
  12. oldskyblue58

    Ah the JOY of it.......Joy Seppalla talks

    You know what I would have liked the CT to ask ......... "you say that there have been mistakes ........... what were they and how could or should you have done it better ?" but then this wasnt an actual interview was it ..... this was written replies to set questions..... replies carefully...
  13. oldskyblue58

    Ah the JOY of it.......Joy Seppalla talks

    Bottom line and this has always been the case.... both the council and charity have been open to discussions from day1. There are however certain criteria. 1) a viable and sustainable business plan for the football club 2) a stakeholder that is able to invest in further development of the site...
  14. oldskyblue58

    Clarke-Harris

    I dont know ..... seems a strange one ....... if he had gone to kettering or something then ok but Reading? Perhaps he had already got a better offer? disappointing imo
  15. oldskyblue58

    Ah the JOY of it.......Joy Seppalla talks

    The income streams have a value to ACL. They have always been there. CCFC have more out goings than income. Has always been the case. Two solutions...... buy the right to income and cut the costs of the club to break even at least.... these solutions have always been there. It isnt rocket...
  16. oldskyblue58

    Ah the JOY of it.......Joy Seppalla talks

    said all the right things didnt she, very reassuring, very sympathetic .......... thing is it isnt words i want to see its actions to sum up ..... in order for SISU and its investors to get a long term return on their "investment" they need to own the stadium and all its income streams. There...
  17. oldskyblue58

    Lee Carsley promoted

    I am sure Rioch does SofE but was looking at it from the point of view of the club, AT etc recognising his input as head of the academy. A few good words go a long way. To be honest so long as there is a good structure from academy, development, first team then i wont lose sleep over it. Just...
  18. oldskyblue58

    Have sisu paid the rent yet

    Can we please be clear on a few things 1)The lease is with ACL not the council - the council do not and did not set the rent for CCFC nor do they receive any of the rent that CCFC might pay. It is ACL that would have to take any action for recovery of unpaid rent 2)ACL has a long lease...
  19. oldskyblue58

    Clarke-Harris

    What ever the reason he is gone, cant blame the lad in choice ..... Reading, in the premiership, well backed, quality players to learn off, proven good manager and set up .... or Coventry, League 1, little backing, few quality players to learn from, unproven manager, set up in a complete...
  20. oldskyblue58

    This is well worth a read

    say our average wage comes down to 2500 per player (given the number of young players and the number of players we need to draft in from lower divisions it is possible) and assuming a first team squad of 30 (including academy players like Willis - dont forget we will be running a development...
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