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I think it has been said many times that the loan was to be bought (at a discount) and then discharged. So no interest payments. ACL would have no debt and have net assets of £14m more compared to now. The club would own 50% of ACL - so it makes sense for sisu to spend £5m and gain assets worth...

When I was contacted and told Hoffman wanted to have a phone meeting with me I didn't reveal that until a week later when Lordsummersisle told he had the same invitation. So why didn't I tell right away? Maybe I felt it wasn't that important, or maybe without a context I didn't feel anyone would...

Yes, thanks for making it much clearer ... or not :D. Lot's have changed - like the main tenant has left the building. But they do say they have taken the present business plan into consideration, so I guess they will have included the lost revenue as well as the new loan in their valuation. So...

Wasn't the recent ACL accounts including the Olympics and the team playing there? How can they say 'nothing has changed'?

Maybe it was the right offer with the club playing there. Now it seems way OTT.

Sisu have asked for an independent valuation - now we have CCC's own valuation. Would an independent valuation be higher?

... according to the accountants and the auditors, yes. How easy will it be to replace the loan if the JR goes against CCC?

Look at sisu as a hedge fund and forget their merits as a football club owner - they are presumably experts at dealing with distressed debt. They should know all about that. Accept that they might have done their homework and would know exactly what valuation YB would have on the mortgage (to a...

I don't think it was part of the HoT with Higgs, but it was in the LOI with ACL and part of the infamous 'Roadmap' - so everyone at least knew there were a few issues that should fell into place before everyone could sign at the dotted line. Still - the deal went dead in August 2012 (just days...

Well, one thing we know is different between the two offers is the purchase and discharge of the YB mortgage. The £5.5m offer was coupled with sisu buying the loan at a discount rate and discharge it. (I have a few times expressed my doubt if that would be possible, but that was still one of the...

It's a nice essay and you quote a lot of numbers. But you fail to tell why the counteroffer was lower ... what was the reason the risk was increased? If you had told your FD friend the whole story would his answer not have been different?

No - the wages have been too high for too many years. And there are two ways to get that percentage down - 1) Reduce the wage bill, or 2) Increase the revenue. Many posters want us to be competitive and attract good players that command a high wage, but fails to accept the club must own ACL...

There's a difference between turnover and profit. Do the math and tell us what the club lose per ticket.

I don't think that is even legal. But say it is, why do a medical now as he can't leave until July 1st?

Maybe not, and I fully agree the idea is good. So how do we get the Trust, KCIC, NOPM, SOC and everyone else to back it?

It sound reasonable, but we know what happened last time there was a roadmap and signed HoT's.

Don't get your hopes up, I don't think we will start next season at the Ricoh. Even if sisu wins the JR I think the aftermath will be messy and uncertain. Only two things can get us back (as I see it): 1) CCC and Higgs decide to sell ACL to the club or 2) Sisu leave the club and new owners get...

There is no need for bridge building. They can go back to the terms agreed with Higgs and continue from there, only this time either in public (unrealistic) or with a mediator at the table. The tricky part is not buying Higgs shares - it's the councils shares as well as the loan that will take...

No, if we agree on the solution, then why not go straight for it? Why waste any more time?

Before we can call for negotiations we should agree on the purpose. The overall disagreement is whether the club should stay as tenant or should own ACL. I call for 100% ownership of ACL as the club need the revenue and because we need a stable environment not decided by a random councillor or...