Search results

You'd have to purchase several parts to end up owning the whole thing. To get the leasehold you'd have to buy out Higgs, around £5m would do that if they offer the same deal they did to SISU. If it was me I would offer the council £14m to repay the loan in exchange for their share as a starting...

Isn't this how we ended up with SISU? We were told there wouldn't be anyone else interested so everyone should hand their shares over for nothing. Of course there's a risk there may be no potential buyers but surely in a worst case scenario a consortium of local businesses could take over, fair...

Interesting point. Lets say there were breaking the law who would be the ones to take action, companies house? Wonder what their defence would be, they can't really come out and say we're trying to bankrupt another company causing taxpayers and a charity to lose money!

Certainly didn't turn them against us, as he was being led away in front of the home supporters they gave him a standing ovation and clapped him.

Buyers pulled out so still 1 ticket available at face value.

I was proper excited when we signed him. Seemed like we'd been after him for years and everyone kept on he was going to be amazing. Shame injuries got the worst of him. Was fun when he came on against Bournemouth after he'd been out for months, signing "we thought you were dead" and cheering...

Gone now, Chapman has one going as well which is still available.

Didn't we go down this road before and it was said it was near impossible to identify who the investors in the funds were? That said if more coverage was gained in the likes of the FT that could lead to questions being asked of SISU.

So that could be an incentive for SISU to stick around? If they were to leave they would have to right off the investment and then questions might be asked. Wonder if there are any rules about what you can invest in, I know all investment is a risk but could SISU face any kind of action for...

I don't mean written off at our end so it's not owed by the club anymore (even tho Fisher did state around 18 months ago that every penny put in by SISU had been converted to equity!). I meant do they decrease the value in the pension pot so that over time its not as noticable if it all goes...

Of course if they could buy it at such a knockdown price that the profit on selling it at market value covered their investment then that is a sensible approach but if it doesn't then they need to look at other options. The mortgage would come into play as if they sold they would need to repay...

It's not really if it matters or not more that you can't go back in time and change it so you really need to just draw a line under things and look at what is happening at the present time.

Fair point but equally PWKH told us, and I have no reason to disbelieve him, that other offers were on the table and the club picked the £1.2m flat rate. I can only guess this was down to them thinking we would be back in the prem and the deal would work to their advantage. If that had happened...

Not yet mate.

I'd be interested to know if the amount they've invested still sits happily on the balance sheet. Could explain their reluctance to let go of CCFC as that would be the point at which they'd have to write that money off? Is that how it works or have the been slowly writing it off over time?

At the moment all profit goes into overpayments on the debt or improvements. I believe what you're referring to is a share of the profits goes to the council if the profit goes above £3.25m, a payment in addition to the lease payment. Not sure if that only applies after all the debt has been...

So lets's say the Ricoh is work £50m and CCFC take a £35m mortgage. If the ground was sold that mortgage would have to be repaid would it not? So the net amount would be £15m, not enough to cover SISU's investment. However if they'd used the £35 to repay the 'debt' they would walk away without...

Depends really, do you know how each individual company your pension fund is investing in is doing? If it was one person investing £20m then they would be keeping an eye on what is going on, if it's a small part of a larger pension fund it's a lot easier to hide. How does the money 'owed' to...

I predict we will score in the 35th and 61st minutes just to bugger everything up!

I have always said I am open to having my opinion changed. When this situation first started I was totally behind SISU when they placed all the blame on the council but as more evidence has come out I have changed that opinion. If SISU can provide evidence that stands up to scrutiny that they...