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I think SISU intended to distress ACL, indeed in one of the court case the judge commented that it was clear that was SISUs intention. However from all the evidence available it appears it isn't working and there is nothing to suggest that situation is going to change.

It may indeed impact on the value, equally it may not, depends on the buyers plans and ACL's revenue projections and how confident the buyer is those revenue projections were correct. For all we know ACL were turning away businesses greater in value per year than having the club there as the...

I would assume that they gave it that value before the lower rent offers. It stands to reason if you have a lease stating £1.2m a year over the next 40 years you would calculate that it's going to give you more revenue than a 10 year lease at £150K. The point I'm making is the change in revenue...

Yet SISU are only interested in the Ricoh if all existing contracts are cancelled and there is no future income guaranteed.

That's not really distressed though is it, that's a loss of future revenues which may or may not be replaced by other revenues (doesn't necessarily have to be a replacement anchor tenant). Of course that also assumes the rent was always going to stay at the £1.2m pa level, we know that vastly...

The formula price was believed to be around £10m however SISU made a bid to Higgs below the formula price, believed to be around half which was accepted by Higgs. After a HOT was drawn up SISU walked away and didn't complete the deal.

Was the scheduling against the mens team deliberate or coincidental?

I can't imagine anyone would claim SISU weren't trying to distress ACL, if they weren't then their behaviour is even more bizarre than anyone ever suspected. For their plan to work ACL need to be forced to the brink and either put out of business or forced to sell up on the cheap. That is what...

How can that be true, people turn up to watch them elsewhere. I've seen them play down here and I wasn't the only Cov fan there so I'm pretty sure there are some supporters who go to watch them at their usual home venue.

There were people who led us to believe that by now ACL would be in severe financial trouble if not out of business after SISU moved the team out. That hasn't happened. It was stated by some ACL's account would be terrible, that didn't happen. Seems some are now looking for other ways to...

Did they actively bid for the UK Snooker Championship? I was under the impression the players and organisers of the Champion of Champions tournament were so impressed with the event at the Ricoh they mentioned the possibility of moving the UK Championships there but I don't recall any bidding...

Why shouldn't people go to the womens game if they aren't going to the mens game? When I lived in Cov I used to regularly go and watch the reserves and youth team. Some days the youth team would be at home the same day the first team were away and it never seemed to be an issue for anyone...

The last match at HR was a pretty special day but I'd go for either the 5-4 against Forrest, 4-0 up and then they came back to 4-4 or the first win over Villa. What about peoples worst? Besides obvious things I remember an dire home game against Wimbledon in terrible weather - at one point it...

Exactly this, if the preferred option is to move back to the Ricoh make a bloody bid and stop spouting off on the radio.

Why on earth is this in the 'Coventry City General Chat' forum? We need a politics sub forum if people want to talk about things like this. There's enough politics on here as it is without bringing up stuff that has nothing to do with the football club.

Yes you did, we're in the glorious Otium Entertainment era now. Please try and keep up!

Unless we go out of business totally (which we could well be on course for anyway) how much worse can it really get???

I thought this was an old thread someone had dug up! Hard to say, it would depend on who was coming in and what their plans were and if they stood up to scrutiny. If it looked like going down for 1 or 2 seasons to straighten the finances out and then come back stronger then yes but if it was...

That's a different argument. ACL own nearly 80% of the joint venture company so its in their interests for profit to be maximised or are you saying they have deliberately entered a deal that sees them make less money? That would seem an odd thing to do. If SISU owned 50% of ACL and therefore...

I think you might be right. I seem to remember someone from ACL saying it didn't mean they were going to bid for the club they just wanted all the information they could get access to as a creditor.