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Yes, but the council is not elected to run a business, maximizing profit etc. They are elected to run a city and do what is best for the community. Selling ACL to an out-of-town sports club looking to franchise at the cost of the already-in-town similar sports club and at the cost of the...

Even so - should ccc/higgs not have gone to the club and asked if they would buy ACL for conditions similar to what Wasps got?

The sisu-out-campaign? The NOPM campaign? All the ACL lovers? All the CCC lovers? No? Hoffman? Elliott? No? I give up then.

I hate being pedantic, but we should by now know the difference between 'The Ricoh' and 'ACL'.

I don't think Higgs is for sale.

But surely, if they are free to sell to anybody, why not sell directly to SBS&L or Otium?

So Higgs can offer their shares to OTIUM/SBS&L for £2.77m?

The away end - surely.

But how would it be possible? Does ccfc ltd have that kind of cash? If not, wouldn't any money from Otium/SBS&L going into ccfc ltd have to be split between all creditors? Can a company in liquidation buy and sell-on assets?

More likely they are legally bound.

No, they would discharge the mortgage. The effect would be increased value of ACL (of which they would own 50%) and lower operating cost of ACL (of which they would own 50%). It makes perfect financial sense - if they could have bought the loan at a discount.

For once I agree! Honestly!

Hmm - not in any way my field of expertize, but wouldn't any money coming into a company being liquidated have to be split to all creditors?

Otium.

I don't think CCFC ltd have that kind of cash sitting, so it's a non-starter. Even if they did, could a company in liquidation actually buy and sell-on assets?

Most likely the purchase of CCC's shares are conditioned on the purchase of Higgs shares. So no chance sisu would be offered the chance.

BS and lies? Like ... 'we're here for the long term' 'we may liquidate the club' (ccfc ltd/holding) 'we will move out of the Ricoh' just to mention 3 previous BS/lies.

LOL - took me 5 seconds to get it.

True, but their owners must have been involved.

I am not angling any good for sisu. But I do try to advocate that the other parties CCC/ACL/Higgs are not squeaky clean either. ACL refused any rental discount up till the point of the 'road-map'. CCC bought the mortgage (at too high a price) in a secret deal (till it was done) fully knowing it...