Search results

Which was vetoed by the council if i'm not mistaken? It would appear that Higgs/SISU negotiations aren't too bad... but they hit a brick wall as soon as council become involved? Have a word John with your buddies.... bring us home.

John - if you want to provide me with copies of all the SISU accounts I'd be delighted. But i'm pretty sure they just say loss, loss, loss.

I'm no expert on the admin/liquidation process but that's what I understood. The only thing I thought was that traditionally if a company accepts a CVA they are likely to get more than from a liquidation. Now perhaps the FL did say that Otium had to pay the same amount regardless, but maybe the...

I guess we have no idea. It's their money and they can do with it what they wish. You may well be right that they can use it to bridge the gap in the short term to find new business. But are they ever going to find another tenant to use the stadium facility (pitch/stands etc). I can't see any...

Well rejection of the CVA brought liquidation. I would have thought that in most liquidations the final payments are not done until process is completed, so that all creditors are dealt with at the same time. I don't know about the FL condition... how would they apply that condition to a process...

I don't know about this. I think this question highlights the problem with the CET. They did a story that SISU still hadn't paid the £590K owed. But what they don't do is put the all the facts in the story. It's not been paid as the liquidation process hasn't finished. When it is it will then be...

But if they don't break even? More council money for yet another bailout?

ACL were bailed out by the Council for £14m. Do sustainable businesses need to be bailed out? To be honest I'm fed up of this brinkmanship from both sides. They need each other. SO just get round the table and sort it out.

Ultimately the best scenario is that CCFC return to the Ricoh. I don't believe either business has much of a long term future without the other. We know that SISU accounts are fucked. But no one is pretending otherwise. The line from Lucas is that ACL does not need CCFC - I think that is bollocks.

In reading up about this whole saga over the last 12 months, I had read about this exit fee being paid. But it's difficult to state anything on forums or on Twitter without being slammed as a SISU employee or some other rubbish, unless you have some pretty concrete facts. It was only the other...

I can't find it. Certainly not for that value. I do know however that it is common practice for business to distribute larger sums of money over a period of time in their accounts. This is where my questions all came from. If that amount is being dispersed over time, how much per year? How many...

That is also included in the first document a little later on.

No I saw that too.. but it's not me. The paragraph that seems to confirm it is on Page 2 Item 1.02. Termination of a Material Definitive Agreement On April 23, 2009, the registrant terminated the Lease, dated February 17, 2007, by and among the registrant, The Isle Casinos Limited, a wholly...

Here is a link to a document relating to the Isle of Capri exit from Ricoh. You need to select the document on Apr 29 2009. It suggest (unless I've misread it) that a fee was transfer for IoC to ACL of £6,730,543 to end their lease obligations...

They were originally questions - not facts or assumptions. I thought you would be happier for fans to ask the question to ascertain facts. Perhaps if all parties involved in this dispute were a little more transparent we might be further along. I thought as the Higgs Charity partly owns ACL...

The way I see it is ACL have a purpose built arena for football. SISU need one. Neither business is going to be successful without the other part of the jigsaw. All I want is our club back at Ricoh. But it also has to be in terms of CCFC actually being able to be self sufficient.

It was originally up for renewal in 2015, but I can see it was extended. If you look at the article the extension was hardly in flashing lights.

From the internet. I have also seen it posted on Twitter. It is also factually correct that Isle of Capri left the Arena Complex. Most people could put all facts together to arrive at that question. If you are looking for some mystery source to instantly deride then you will be disappointed.

I actually think the exit fee story is true but needs further clarification. PWKH did post in this thread earlier, if my comment was inaccurate he could have dismissed it there and then.

If RICOH sponsorship is secured till 2025 that's good. Wonder if they will want to revisit it as there is no football team? Guess time will tell.