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Well written, as ever. Personally, I think there's still more to come, and the Administration may be far from over with CVA voting and legal issues yet to be resolved. But that's just me, and maybe I'm seeing what I want to see. If I didn't have some sort of selective amnesia, I surely...

In truth, I never knew I could change it. I if can fix myself then it's no issue to me, personally. :)

Without the club needing the ground, they could diversify into whatever business or development best suited the site. Hotels, retail, warehousing, more exhibition space, housing or anything else that would turn a profit. If you looked at it from solely a cold, hard business perspective I...

Well found, that man! Hopefully we can put this one to bed now. It seems to come around every week or two, mostly to support the argument that the Council shafted CCFC in the deal around the build. I just can't see that myself.

I think I'd broadly agree with Torchy here - I don't think the Ricoh survives as a sports arena in the long term without a football club to play in it. Cov RFC wouldn't want to move, imho - they've got a terrific set up that is well-aligned with the crowds they get. Bit like CCFC used to have...

Right, £21m paid to the Council by ACL. Who are half owned by the Council. Even if you took such an oversimplification to try to prove a point, wouldn't that actually be a net 10.5m. So taking the £10m that everyone accepts that they put into the pot, that's actually break-even (as long as...

Indeed - and what did ACL need the money for if not to part fund the build? CCFC had agreed to do that and then when the time came they didn't have the money. And then there's the mortgage, and the council's ten million? You're right about the £2m that CCFC put in, but if you think the...

Erm... I don't think that's quite right. If ACL paid nothing, why was there a £21m mortgage (now 14m)? And the council put in £10m, and at the time of the build had to vouch for a total debt of about £30m. Then Higgs had to step in to buy the half-share that the club couldn't afford for £6.5m...

Whether ACL can survive or not without CCFC is debateable. Even if you're not convinced by the current accounts (which are a lot clearer than SISU's!), if there's truly no need for a football stadium then there's a few quid to be made from all of the other things that could be developed there...

I doubt you're any thicker than me mate - I've just got more time on my hands ;) If I've read it right, it basically means that it's not a done deal whatever the Administrator and SISU say. Possibly good news for those of us that can't bear the thought of SISU staying in charge. But only possibly!

If they plan to liquidate CCFC Ltd then SISU will have to go through this whole circus again and we'd lose the right to play in the FL I think. You can't just liquidate a company like that, and liquidators are obliged to investigate directors' conduct. Not sure TF and others would fancy that!

Doesn't ARVO just hold £10m on the floating charge? Either way I think ARVO are a connected creditor rather than an unconnected creditor. 50% of unconnected creditors need to accept for a CVA to go through. Even then, there's the thing about Unfairly Prejudiced. This is to do with how much...

As I understand it other than liquidation, or with ACL's permission, there's no way to break the lease if CCFC Ltd survives. Even under new owners. There might be scope to amend how much ACL are paid for a while, perhaps, but even then that would have to be voted on and because of the...

Hi Godiva, I've done a bit digging on this. The lease can be broken by liquidation, but not by Administration. The Administrator is selling CCFC Ltd as a going concern, which is his primary duty where possible, so this isn't a voluntary liquidation as TF suggests it might be in that clip. It's...

Just to be clear here, neither the lease nor any other contracts are void. CCFC Ltd is not being liquidated, so the lease remains.

CWR just said that this will go in front of the FL on Monday, so that side of it isn't decided yet either. Don't go bending your season tickets yet. ;)

I'm impressed with your knowledge of corporate insovlency. It took me ages to get to the bottom of all this, and I'm getting my info from my own research (some of which, below) - but if you've got a better source, then pass it on and I'll defer...

And it's not clear that the Football League has agreed to it either, is it? "This offer allows me to achieve the purpose of the Administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible." Think that can be...

Possibly so, but that doesn't change the fact that ACL can vote against the CVA and go to court to challenge the decision if they think it unfairly prejudices their interests.

Hold up a moment here. I don't want to give anyone false hope, but I think this is a long way from done. First off there's a bidding process, as I understand it. And ACL have got some weight here as they are the major unconnected creditor (that is they're the only debtor that has no links to...