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  1. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    Its worth a discussion but I can't see Wasps handing it over. Think about how much revenue we're talking about, things like stadium naming rights would need to be included. Just can't see Wasps even considering handing a big chunk of that over. At the very least we'd be looking at 100% of...
  2. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    It's certainly better than it was but is it good enough for us to be competitive. Other clubs get 100% of matchday revenue and non matchday revenue. We need to compete against them. Of course you can ignore some of the revenues as most grounds don't have all the facilities the Ricoh has but I...
  3. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    Think we know the answer to this now. Fisher wasn't shouting about it as they haven't actually written the money off, just shifted it from one column to another.
  4. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    The club isn't breaking even, they have seen what happens when they try to run at break even. What options do they have left? They either add value by making the club a success or they give up and walk away to avoid pumping millions more in.
  5. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    One thing that is slightly odd is why wasn't Fisher shouting this from the rooftops when it happened? Granted everyone would have probably said he was lying but writing off £61m is a pretty big deal in anyones books so why not communicate that to the fanbase and spin it as a good thing SISU have...
  6. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    Besides the obvious fact we are now less in debt than before there are a couple of upsides to this that I can see. 1) the only way for SISU to now get a return is success on the field, the idea that they can take millions out of the club when players are sold as they are 'owed' it is out the...
  7. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    It would be a very unusual loan agreement if there was no mechanism for CCC calling in the loan if required.
  8. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    That in inself is not unusual, it's all down to how the companies are linked and if we are charged rent, recieve revenues and who owes any debt.
  9. chiefdave

    £61m of debt wiped out in latest CCFC accounts

    That's a turn up for the books. I suppose they could always hold out claiming their shares are worth £60m but they must know they are never going to see that money again. If the debt has been wiped out in the clubs accounts does it follow that it's also wiped out in the accounts of the lender...
  10. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    In my opinion when we're talking about something like selling ACL to Wasps it should be a free vote. The political system is this country is a shambles, if anyone watched Inside the Commons you were left wondering how the hell anything ever gets done. The majority of the time people don't even...
  11. chiefdave

    TM, SISU & next season

    I'm sure there are people who are genuinely staying away because of SISU or a specific reason but I think its a small % of those who have stopped regularly attending. For me the biggest single reason our crowds have dropped is the performance on the pitch. If we were sat in the top 6 at the...
  12. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    Totally agree, if there's nothing to hide get someone independent in to go over the whole thing and report back on how the deal was done and any area's of concern either from a legal, regulatory or moral standpoint. I suppose the dream scenario for SISU and / or the club would be the result of...
  13. chiefdave

    In the interests of balance.........

    Was there any follow up after rugby council specifically denied the claims made by Fisher in the stadium forum minutes?
  14. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    Would be very interesting to know what happened behind the scenes. After this report if I recall correctly there was a meeting of the council, which was not minuted, and I believe at which Wasps had representation. After which it suddenly changed to a unanimous vote! When I've asked councillors...
  15. chiefdave

    In the interests of balance.........

    I can't understand why at least one member of our local press hasn't asked Fisher or the club for comment on Rugby councils recent statement. Wouldn't that be a fairly simple thing to do, you have two statements that are completely contradictory, why not ask for an explanation. Of course the...
  16. chiefdave

    Message From Our Tony (not the mad one on here)

    The short term / long term argument is impossible to prove one way or the other from the information we have. It could be SISU only offered a short term contract, equally it could be that Mowbray didn't want anything longer. My hope is they have an agreement to extend should both sides be happy...
  17. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    It could be that the initial years are up but would it not make sense for the council to say that when Reid followed up on the comments Lucas made? This really isn't a difficult question for the council to answer, either the money is from council reserves and Lucas was incorrect or the money is...
  18. chiefdave

    Neil Mcfarlane future?

    Would assume he'll be joining Mowbray if he stays on past the end of the season then.
  19. chiefdave

    Neil Mcfarlane future?

    Unless Mowbray thinks he's a negative influence I can see him staying until the end of the season, past that will depend on how well they get on and if Mowbray would rather have someone else in. Does Mowbray have a regular partner in crime?
  20. chiefdave

    Council Accused Of 'Absurd' Ricoh Secrecy

    Is the 'new' bit not the fact that in a meeting last week Lucas claimed the money loaned to ACL had come from borrowing rather than council reserves and that to say otherwise was a lie? That would contradict what has been previously stated by the council and it seems when Reid has asked for...
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