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That can't be right, I thought if someone wanted to buy something off you a couple of valuations are done and then you sell it to them for the average. Sure SISU told us that's how things like this work :whistle:

Finished would be an overstatement unless he is implying that SISU will only fund one more season before giving up on the project. I don't think anyone could argue that every day that we aren't based in Coventry does more damage, people drift away and find other things to do. I don't mean they...

The club is worth the proverbial £1 as an amount has to change hands for the change of ownership to take place. No one would put any value on us, we're losing a fortune and have alienated the majority of our fanbase. Pretty much the only asset we have left is Ryton and the value of that is...

That's good for SISU isn't it? Imagine the outcry if ML is on CWR this afternoon saying this is fantastic, we're happy to accept and then ACL turn round and say they won't do it. Win, win really for them, either ACL accept and we're back at the Ricoh making more money or ACL refuse and its...

Just for that reason it is worthwhile. SISU either ignore it or respond and reject it and make themselves look even more incompetent by ignoring an offer everyone can see is in our best interest, or they respond and accept and we've back at the Ricoh. Of course we all know the FL will do...

It might be easy to look at it as a simple business proposition. To illustrate (using very rough made up figures). Option A You can run your business from location A, it costs you £150K a year and you get approx. 46,000 visitors a year at an average £10 per person, revenue of £460K, you pay...

To be honest it was a long time ago and I struggle to remember what happened last week let alone years ago! from memory it was presented as the club owning the whole thing and using the money that generated, presumably things like the lease to Tesco, to fund everything. Certainly the impression...

What was the offer put forward by YB that was mentioned in the JR. I recall it being stated they'd put something forward to both sides but did they state what the offer was?

I'll be honest, I wasn't particularly against moving. Don't get me wrong I loved HR but apart from the East Stand a lot of the facilities left a little to be desired and I was excited about moving to a new ground. I went to some sort of forum (can't remember what it was, there was only a handful...

I've lost track of the offers, which one are you referring to? There was one mentioned in the JR which was proposed by Yorkshire Bank, is that the one which was £400K for 3 years? That seemed more a 3 year period to negotiate a new long term deal rather than 3 years discount and then back to...

Would they have to offer the lease for sale? Couldn't they just bring in a management company to run it for them. They could even setup their own management company, there would conveniently be all ACLs staff looking for jobs, they could create a new company, employ the same people, and keep...

Wouldn't the net amount owed be on the full rent arrears rather than a figure from a rejected CVA? I was under the impression the £590K was a payment ordered by the FL as a condition of receiving the golden share rather than the payment of an actual debt owed to ACL, so is ML just cherry picking...

I thought the whole reason a comment was being sought from the FL was that there had been no confirmation from the FL that the full amount had been placed in escrow and the FL were happy with this arrangement and therefore we were not a risk of further punishment?

That proposal from Gidney is ridiculous. Why would anyone pay £24m for access to revenue streams when the Higgs share, which comes with all matchday revenues, could be purchased for under £10m? Was that an off the cuff comment from Gidney or a formal proposal as he seems to be way off there.

Is the offer being referred to the one made directly to SISU by ACL which I thought came after the refinancing and therefore after the timeframe being discussed in the JR? There was also mention in the JR of a deal put forward by YB for restructuring of ACLs loan which included a lowering of...

December 2007

I think it was something along the lines that the land the ground was on had usage restrictions imposed on it so it could only be used for sporting purposes. Think there was also a clause that if the club went bust ownership reverted to the council. Hammam claimed that this was stopping him...

Locally to me Portsmouth had the support of the council and from around 06 to their most recent admin were looking to build a new stadium. They went through 3 sites as even with a supportive council there was issues at each site which forced them to bin the plans and look elsewhere. Brighton...

How have you come to the conclusion that is the purpose? At the most recent of the smaller meetings Sepalla was reported as being very clear that we weren't going back to the Ricoh. From what has been said by the club this forum is to cover historical events and how we have ended up in this...

Exactly, if you're going on the radio to discuss the accounts surely you meet with your accounts team first to make sure you are clear on everything, or if you're not have them there with you to answer questions you can't. It seems nothing untoward has happened but by handling it the way they...