Except it wasn't really £1.3m was it. They drew down £530K from the escrow account and had Robinson and McGinnity (?) as guarantors in the event of unpaid rent. Forcing administration broke the lease so they weren't owned more after that.
Wasn't exactly a large debt though was it. We were still paying matchday costs so ACL weren't losing out by having us playing there (and of course they were still getting the other revenue streams on matchday) and ACL were drawing down out of escrow as well as claiming off the guarantors.
Lets...
They could have supported the club in improving and extending HR negating the need to move. They could have given the club a loan to exercise the buy back clause on HR. They could have purchased HR and leased it back to the club at a peppercorn rent. They could have stuck to the original...
They've tweeted this a few times now. Noticed that the club have been replying to complaints despite it being totally out of their control but the Ricoh have not responded to any tweets to them.
As usual there's a decent chunk of our support blaming SISU!
So you don't want them to sell the club you want them to put is into administration and get another points deduction. At best meaning we have little chance of promotion, at worst condemning us to relegation.
To all intents and purposes we've already been through administration twice. The...
So given there are so many other clubs in the country who would purchase an in-debt Coventry City with no ground, nowhere to play home games after next season and no academy after this season for a £1?
Obviously the club has no value but in terms of what it would take to get shot of SISU, and more importantly for them to write off all the debt, I reckon £10m would be close.
Of course the problem is that any new owner then has to pay for a new academy and stadium or face the lack of revenue...
Not really, that was all whispers and people claiming to know more than others. The same as I'd like SISU to come out with a clear plan that stacks up if there's any potential new owner get them to put their plan out there.
I need a new parking spot, any suggestions? Was even thinking of using the official site but as they jacked the price up massively and it doesn't benefit the club I've gone off that idea.
While I'm not a fan of doing things via the media if there is someone waiting in the wings to take over the best thing they can do is make it known publically. Tell us how they will sort things out and how they will fund it.
If that happened I'm sure you'd unite the vast majority of the fanbase...
His actual policies seem to be to copy everything Corbyn does. Was funny the other night when Corbyn said to him 'why did you resign then' after Smith was saying he agreed with Corbyn on most things.
Be interesting to see what the new setup is. The biggest single thing they could do to speed up on the day sales is not let people pick where they sit. Make that an advantage of booking in advance. Have the tickets pre printed and you just get the next one.
What an absolute mess Labour have got themselves in to going against the wishes of the party members.
Wonder what happens if you were a member and then paid the extra £25 to get a vote, do you get that back now?