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Hmmmm...whilst i can agree with some of the sentiment of your post, the maths is a little rusty 60-1.3=58.7

CCFC used to be funded by SISU investment funds, but IIRC, when accounts needed to be filed last year SISU had to put their own money in, presumably ARVO ? Old debt was then turned into equity according to the most reliable of sources...CEO Tim Fisher.

According to jack Griffin, esteemed SBT poster The council report on the project has been posted on this site many times, go find it.. Tesco stumped up by far the largest % for the right to own the Arena Park Shopping Centre land & build a superstore. The council & various grants made up the...

Any prospective buyer who buys both 50% shares in ACL will have a 43? year lease on the arena, which IIRC the council have mentioned possibly extending to 100 years...perfectly normal and buyer has a nice asset ie the leasehold. To buy the freehold, ccfc would need someone far richer than...

Will make a profit is a bit hopeful. May make a profit/break even is probably more accurate. ...but even that depends on us reducing our major overhead ie player's wages, and we all know we are stuck with some awful contracts ie Bells !

Squeeze more money out of any interested buyer ? ...and because they are ba*tards

ARVO/SISU's power is they can stop CCFC coming out of admin with a CVA (necessary to avoid further penalty points)

telegraph blog ok ? http://www.coventrytelegraph.net/news/coventry-news/2013/03/26/92746-33058077/?

I believe it was posted on here in full last week....but yes it's very revealing

Talk about can of worms...could SISU really have been so underhand and reckless with the golden share transfer ? If so, they could potentially lose control of the club and land CCFC with a large points penalty.

If CCFC did buy the stadium and land, they would go into partnership with a developer, who have far more expertise in that area, and share the profits accordingly....makes total sense. We can only dream that things could be that simple.

Poor choice of words on my part in the last sentence ie option...i just meant that CCFC could choose to make an offer if they so wished, just like anyone really, and Higgs Charity could refuse.

Do you really think the council wants to keep hold of their 50% share in ACL ? No party in this farce of a situation can be enjoying the embarrasing and divisive slanging matches which have even reached the national courts. IF we had reliable and trustworthy owners, i'm sure the council would...

Unlawful in refusing to sell to SISU ? IIRC, there was a formula for CCFC to buy back the 50% stake held by the Higgs Charity, but that lapsed ie CCFC didn't take up the option. CCFC has no RIGHT to buy, just an option, which the seller can refuse, quite legally

Linnell in touch with the fans as much as usual then :facepalm:

and therefore illegal ?

I personally would prefer the '1987' kind of excitement

Wingy...yes, i always thought that the golden share was non-transferrable

That is exactly what Tim Fisher or Joy Sepalla would say too

Thank you Peter...at least one side is trying to give us information we can understand