Search results

I'd have thought the formula would be used to set a maximum price, surely they would be free to sell at a lower price, like when they agreed to sell to SISU.

Do you mean when the Council gave the original loan to ACL?

Simon, are you sure about this bit? 'The amount of the loan has not been reduced and the council will receive the same return over 20 years that it would have done if the previously agreed interest rate of five per cent had accrued over the original 41 year term.' Seems an unrealistically...

Missed it 'The irony of that particular vote is that such was the level of contempt for our faceless hedgefund owners that the option to remove the current board, in particular you as chairman, was largely overlooked'.

Mostly a splendid read but have the group members revealed who they are, or are they a faceless group criticising our owners for being faceless?

Jonathan Gould, his dad got him a good deal. :)

The last accounts for ACL state that 'the loan is secured by a debenture creating a fixed and floating charge over the assets of the group, and a first legal charge over the lease.' The Council are presumably content that the security given by ACL is enough to cover the loan balance, and...

Do you think the response answers the questions?

I thought Don Hutchison did a good job for us, showed that experience counts for a lot. Although he was already on loan, he did sign a contract in Jan.

No, if you were cynical you'd say the Council asked the Telegraph to play up the story. My view is the Council just put it out there knowing the Telegraph would pad it out a bit, the same story could equally have the headline 'Council confirm no separate enquiry into the sale of ACL'.

Don't think so Tony, there is no independent enquiry, merely an independent check wrapped up within the normal annual audit. There is no news here.

At 31.3.14 the Council had £81m of usable reserves, so having another £14m is, I would suggest, unlikely to change any decisions around cutting services. It could be argued that the annual profit on the loan interest is helping to keep some services.

Agree with most of your piece LJC, and I don't see the problem in linking to it. I would still be tempted to support Pressley if he could just get us attacking more, the home displays have not been entertaining enough.

On the basis that not seeing us play for a couple of weeks makes me forget how poor we are, I am confident of an easy 4:0 win today, must be due one of those.

At least a couple of penalties included in Bellamy's tally, it's my recollection that he had enough chances, but was very poor when put through with just the keeper to beat.

Exactly the same as Otium.

Per Experian both Otium and Sky Blue Sport & Leisure have a risk rating of Maximum, and a score out of 100 (100 being the best) of 15, the suggested credit limit is £0. For ACL, the risk is Low, a score of 87, and a credit limit of £220k.

I accept that you're not aiming this at me, and rightly so, as I'm only suggesting one thing, so clearly I'm not trying to have anything 'both ways'. My response was to a suggestion that SISU were in some way syphoning off money, which on current attendances etc, there won't be any to syphon off.

Wasps fan writing about their shop. Doesn't excuse our poor offerings, but shows others are also poor. Club shop is a farce. It's January and they didn't have gloves, hats or more importantly scarves. No way to get any of the nice coats and jackets people are wearing. The website isn't much better.

A previous post by OSB58 on the issue of management charges. Just something else that keeps being mentioned management charges. There are no details in the published accounts of Otium paying management charges to anyone. What did used to happen was that CCFC Ltd paid CCFC H management...