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  1. chiefdave

    The heat rises as the sun goes down on SISU?

    I've yet to see anyone give a buisness case for CCFC needing to own the stadium. I've asked for one several times but no one can come up with anything so if you know of one feel free to share it.
  2. chiefdave

    Sky Blues companies behind with filing accounts

    There's no reason at all for Otium to have not filed accounts, they company has never done anything! Decent account could get those submitted in a very short space of time.
  3. chiefdave

    Why is CT quoting Byng?

    I can certainly see how there would be a loss to the local economy but I'd love to see how he's arrived at those figures as they seem very high. Of course also assumes that noone who would have been at the Rioch is doing anything else and we're all just sat at home twiddling our thumbs.
  4. chiefdave

    The heat rises as the sun goes down on SISU?

    How do you know ACL are running at a loss? Even if they are running at a loss what evidence is there that CCC are putting money in to ACL at the expense of the taxpayer? As far as I'm aware the only finance that has been provided by CCC is the loan which was drawn from central funds, while...
  5. chiefdave

    A Blue Ribbon Event

    it does seem a bit odd that given everything that's going on at the club the thing that has the manager and players fuming is a bit of blue ribbon!
  6. chiefdave

    Stadium plans

    Wasn't the old Peugeot site ruled out as they'd had some sort of funding that restricted the type of development or have I got that mixed up with somewhere else? This doesn't make sense to me, if they've had plans made why not show them to us? It's still a long way from actually building the...
  7. chiefdave

    new club shop to be opened

    spot on, look how far we've fallen that having a place to buy tickets and merchandise is even news let alone something we should be congratulating SISU on. can't picture the size of the store in my head but those shops are quite big aren't they? wonder what they're going to use it all for, if...
  8. chiefdave

    new club shop to be opened

    Not really I would have said a sensible location was somewhere like the city centre. Sure they used to have a shop there. Whatever happened to the plan to sell tickets all over the city using the pay points, that was a great idea but never seem to be mentioned after the first time they came out...
  9. chiefdave

    new club shop to be opened

    If it's taken them since June to find an empty shop in Cov and this is the best location they could come up with it doesn't inspire me with confidence about the new ground.
  10. chiefdave

    Football League Contradictions - Bob Ainsworth

    They did a similar thing with Pompey, they are not technically getting involved in the administration of Ltd, they are imposing (or not as it now seems) a condition on the issuing of the golden share to the new owners, in this case that they must pay a certain amount to ACL. In Pompeys case it...
  11. chiefdave

    Do SISU need to raise funds?

    unless this is the same story coming up they were looking to sell something else off recently. what wasn't made clear by Joy when she talks about funding is if they're now having to use their own money rather than investors. there must be a rule that hedge funds can't just sink investors money...
  12. chiefdave

    Les Reid Tweet

    Noone is asking about anything off the record. People want to know if he asked certain questions which aren't mentioned in his write up, I take that to mean on the record questions and people want to know the reason for not asking them if he didn't. If Sepalla wouldn't talk about who would own...
  13. chiefdave

    What is best for the Tax Payer?

    I suppose the way you would have to do it would be to sell the lease to SISU (having first purchased it back of ACL) but retain the freehold and a right to recall the lease on certain trigger events such as CCFC and the lease being separated for example.
  14. chiefdave

    What is best for the Tax Payer?

    I think, and this is off the top of my head, CCC used their own funds before drawing down on the central funding for cashflow reasons so technically the money initially used was local but it's all tax payers money at the end of the day.
  15. chiefdave

    What is best for the Tax Payer?

    According to the council funding documents the freehold at the start of ACLs lease was basically worthless with the value rising as it got closer to the end of the lease. You would also have to buy ACL our and the reverse would be true, the longer the lease has to run the more valuable it is. I...
  16. chiefdave

    What is best for the Tax Payer?

    It's worse off against potential income I assume. To use everyone's favourite house analogy if your house was worth £500K but you sold it to someone for £100K you're £400K worse off even tho you haven't actually ever had that £400K. At least that's what I assume people mean. I think you can...
  17. chiefdave

    Les Reid Tweet

    You're correct but I would be very surprised if CCC were taking legal advise and then not relaying it to ACL given that they have a 50% stake in ACL.
  18. chiefdave

    What is best for the Tax Payer?

    It's not a straightforward question as you can take 2 approaches. The first would be purely financial. Currently the council own the freehold and 50% of ACL. The value of the freehold I wouldn't have thought was being impacted too much as in the council document detailing build costs they...
  19. chiefdave

    Les Reid Tweet

    Here you go: that was their statement when the original JR was thrown out, I would assume while the appeal is in progress the same applies And here is the link to the CT article I got the quote from: http://www.coventrytelegraph.net/news/coventry-news/judge-throws-out-sky-blues-5667471
  20. chiefdave

    Les Reid Tweet

    was it not the case that their legal advisers told them to stop making statements or talking to the press until after the JR? didn't the council say something to the effect of it being frustrating that they couldn't respond to SISU statements?
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