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Isn't that the key. As I say, I think they have to re-finance in that circumstance, i.e. get a mortgage elsewhere, or head down the road of Administration if they can't. The point I'm making is that doesn't necessarily lead to a SISU buy-out; if ACL goes into Administration it's most likely...

Good, so we've finally nailed down the 'cash cow' thing, that's a relief. So, having sold the rights to those revenues, do you think that the best course of action might be to attempt (again) to negotiate for their repurchase, or should SISU just hold out at Northampton regardless of how much...

I agree in that I think that's the main result of SISU winning the JR, the possible removal of Council funding for ACL. As for what happens if that occurs though, I reckon it's a bit cloudy. I don't think there's any obligation on ACL to sell any part of the business to SISU, for example, but...

If the Council win the JR, then I'd surmise SISU's only route is either back to the Ricoh on a rental deal, or selling to someone prepared to do that, or liquidate. I can't see how building a new smaller ground for £20m - £30m works financially when the club is already in debt up to its...

I know we've done this to death many, many times, but there was £21m needed to finish the build and that money had to come from somewhere. In essence it came from ACL, who borrowed it. The rent was set, broadly, at a level that covered that borrowing (even SISU seem to acknowledge that fact)...

So you accept then that it had nothing to do with profiteering? That point's been made a few times too.

And it's bullshit to pretend that the club didn't have half of ACL pretty much given to them, but chose to sell it to the Higgs. And then did nothing about it for years.

Except that it wasn't CCC or ACL. It was the Higgs Trust who bought this share, which had in effect been given to CCFC by CCC/ACL despite the club only putting £2m into a £118m build. The club then chose to sell the share to Higgs, because they'd run out of money. Higgs always planned to sell...

How much profit have ACL made from the club again Rob? If there's one thing that gets really boring its the old 'club as a cash cow' argument... The ACL accounts are out there, and public, so where's this huge profit?

What a lazy, mean-spirited post. Full of bile and bullshit in equal measure. I'm guessing because you can't blame the Council or ACL for this one you feel the need to turn on people who chucked a bit of extra money at the club in good faith, only to be completely let down. Pathetic. First...

Given the club's current state, would it be better called Wakeboarding?

Footballers' agent, eh. I'm not sure I'd have mentioned that if I was looking to build trust from potential investors. ;) Might be legit I suppose, but looks a bit misguided at best, or on the hunt for a bit of free publicity at worst.

Sooner or later I think they have to. It's that or just continue to throw good money after bad. If they can't get their way with the Ricoh, then given the corner they've painted themselves into there's no way I can see them ever turning CCFC into a club that makes a profit. Eventually that...

I'm trying to work out how this stacks up. He gets £3m, but he doesn't want to buy the club? So, you use some of that £3m to pay rent at the Ricoh, let's say £200k per season for a couple of years, what happens to the remaining £2.5m. If you're not buying SISU out, then are you asking for a...

I'd completely disagree with your opinion that protesting on the Hill has no benefit. Regardless, you're obviously welcome to hold that opinion. Michael's made a call based on the facts he's got to hand at the moment, I'd guess. As someone who's taken the time and effort to actually organise...

I think SISU should do an independent valuation of CCFC, and Hoff/PH4/Dhinsa should do one too, and then SISU should be forced to sell for the mean of the two values regardless of whether they want to or need to, or whether it even makes sense. That's how these things work, isn't it? ;)

Who are your sources RFC? Might they have the initials ML and TF, perhaps.

Wasn't it amazing, the atmosphere around the club at that time. Great timing for me, it was really my first complete season where I managed to go every game. I remember how exciting it was - I used to get in as soon as the gates opened, sit next to my mate who was a steward, and just watch the...

Indeed, the alternative is renting at Sixfields. C'mon Rob, out with it, why won't they rent the Ricoh? I can't see how it's so easy to accept the frankly pathetic argument of 'they just don't want to, OK'.

Ah no, I think I've grasped it just fine thanks. It's just a bit funny how it wasn't an issue for so long, and then suddenly became an issue, and then it wasn't just access to the revenue but the freehold too. I think you haven't grasped the original question. Why can't they accept a...