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It was designed to help the club and protect ACL (a 50% owned) council asset and involved public funds. In that sense, a bailout. However it protected an asset, and should generate some profit in terms of the repayment at commercial rates, so also an investment. You'd agree it's wrong for the...

1) To give them a better deal, making sure that they stay healthy. And so that they could offer the club a better deal. 2) Because the actions of their tenant were clearly making the bank uncomfortable. Nervous banks tend to reprice debt, making it more expensive - and limit overdrafts...

Well it's probably best to get that issue resolved before there are too many more statements from the Council then, eh? And talking abour detriment, it's absolutely proven in a court of law that ACL have suffered a 'detriment' at the hands of SISU, this as a result of their failure to pay the...

I think they're likely to overcount for PR reasons, as above when it comes to declaring income I suspect they'll tell a different story to the taxman. Not in itself illegal, I'd guess, all part of SISU's game.

I know I keep banging on about this, but what if the highest value for the Ricoh isn't with it as a football ground? The only way to get a true value for the site and the business is to offer it to the market, surely. Otherwise both sides will simply play a game, one massively undervaluing it...

What a great question NW. Looking at it I think you're right that they wanted to keep the academy, though obviously they wanted to do it as cheaply as possible and it was the FA that forced them back to the Higgs Centre. If it was just about draining the blood out of CCFC before casting it...

Yep, have to agree. Almost by definition a leading question. It would be nice if both sides talked, but at the moment there doesn't seem that there's much to talk about. SISU have moved from the rent not being a problem, to the rent's too much, to needing both a low rent and a share of...

That's just brought back a ton of memories... Chatting with Paul, who used to sell T & S by the West End turnstiles, before the game. Drinking in Strikers after the game, and the bloke coming round with 'The Pink', which I always bought, but was probably too drunk to read by then. ;) Didn't...

I most certainly do. Always thought 'The West Ender' was kind of the broadsheet version, with T & S going down the tabloid route. It's probably just that one was actually physically bigger than the other though. :)

Shows what a total money-grabbing prick Cardoza is, as if we didn't know it. Pity, cos I always quite liked NTFC as a club, given their kindness to our older, clumsier players many of whom I still remember with affection. ;)

Can I use the coach for free, and then go and stand on the hill? That would be lovely. Joking aside, no. If your clients haven't got it, it's more than just the cost of travelling that stops me (and a few thousand others) from going to Northampton. And to be honest, I'm not entirely sure...

Good spot that. I've just done a quick dig through the last few years accounts and some are signed by the auditor on the same day, whereas some have a day or two's difference. I'm not sure there's too much to read into it either, in fairness. However, lest we forget, BDO signed off CCFC Ltd...

There's plenty of pressure on SISU already, I'd say. It seems ACL already made an offer regarding the rent to the Administrator, maybe they could or should repeat the offer again, but given JS's public stance would there be any point? It's always worth remembering that SISU refused to pay the...

Can I offer the alternate argument though. If SISU were serious about playing in the City rather than entirely focussed on destroying ACL, wouldn't they try to at least sort out out some sort of five-to-ten year deal based on the offer to the administrator? Financially, for the club, it would...

That PR campaign, it's already started. They've got the CET putting out a vote on it already! Much as it irks me, coming as I do from a bitterly anti-SISU perspective, it does make me think that they're already starting to feel a bit of pressure. It can't be long now until the new stadium...

I see your point, but I'd contend that the VOA valuation is probably about as relevant to the market price as the CBRE valuation. I'd still argue that the only way to find the true value of the site/business is to put it on the open market.

It's a very fair point this, but the problem is exactly that both sides are so far apart. On one side a rental offer for a tenant that doesn't want to rent, on the other a purchase offer for a seller who doesn't want to sell. Haggling usually starts with a willing seller and an interested...

It's pretty obvious how this will play out, isn't it? CBRE, paid by SISU, will come (or have already come) to a low valuation to validate an under-market bid by SISU. SISU will ramp up the PR to put pressure on the Council to sell at this price. They've already started on this, or so it would...

Absolutely. It's another reason to make sure that true market value is obtained, and all aspects are considered before coming to any deal. Personally, as I've said, I'd sit tight. I'm not buying the SISU line, but regardless the more they lose, the more amenable they might become to a deal...

Outstanding post, OSB. My personal opinion is this: Wait for at least a year before panicking about the loss of CCFC, to determine both SISU's true determination to hold onto the club in the face of mounting losses, and whether ACL actually can return a profit. Either a change of ownership...