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No income streams???

That the club and stadium management company may be sellable depending on the overall financial situation. As you say - a play off position in the championship might bring around some interest. Then again - if they really build us a new stadium, if they get us a reasonable revenue stream, if...

I have said that a number of times already. It will be owned by investors in a company outside the SBS&L group (could even be inside, but less likely). The club (Otium) will own another company - a stadium management company that lease the stadium and operate it 24/7/365. The club will pay rent...

How will building a new stadium put the club in more debts?

The point I made about charging a high interest, then accrue it to the debt and ultimately convert it to equity is a creative way to increase SMCP budget without having to inject real money is legal in league 1. That's where we are now and was in the season covered by the accounts. Surely they...

No it's not. Last accounts records fresh money injections of some £5m - to make up for the administration and lost revenues at Sixfields. TF clearly says it's the intention to become 'independent' of the owners - I translate that as an order from sisu to not ask for more money.

Yes, that's the reality. The shares and the debt is worth nothing to the owners with the state the club is in. Long record of suffering financial losses, no assets worth mentioning, the rent may be low but it's only set for another three seasons and the income streams are extremely limited. On...

No they didn't. This is an old myth that has been debunked a few times already. Wasps paid £5.5m and took over a company that hold a loan of £14m and a balancing asset (the 250 yr lease). If Wasps decide to let ACL go bust they are not liable for the loan. It is only ACL who can service or...

Exactly! Everyone has cried out for changes to the midfield. TM comes in and realize that. He brings in one midfielder and before he kicks a ball in anger he's being dismissed. Remember the young Chelsea who destroyed us when we lost 3-0 at home to Swindon?

No, the only liable for the loan is ACL.

First of all - 'we' don't pay that amount, the interest is accrued to the debts and not paid out. This is recognized by OSB. Second, the debt is owed to the shareholders. Not an outside bank or company. If the club cannot repay the debt then it's the shareholders who lose their money. The debt...

Hurry, look away!

The formula was part of the negotiation when Higgs bought the shares from CCFC. It was put in to set a fixed price depending on the period Higgs had the shares and save future haggling when the club wanted them back. It was basically the 'investment' plus interest. Not just a maximum price, but...

I don't care much for their excuses - I want an address to where I can send an invoice!

Yeah, they obviously didn't graduate from OSB's online course.

I agree the legal fees could have been better used elsewhere - but please remember it takes two to fight.

No, Appelton didn't receive £5.6m. 'Administration cost' is not only the cost of the administration case, it includes overheads, insurances, travel, office costs etc. But it is extraordinary high as it includes a write of of Goodwill by some £2m+. I am not even sure that Appeltons Fee is in...

Yes, and Mowbray's form is improving.

It's a bit unfair to use the term 'the council' - it was probably just a few people involved - West, Mutton, Lucas and maybe one or two more.

Problem is there are 16 playoff contenders ...