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The turnover is there already. Just need to be within the SBS&L group.

All very interesting, only I wasn't talking about you. I was talking about me.

It's not a waste if it leads to the club and ACL being merged under SBS&L!

It's not all about the F/B money and the rent, although that is needed to become profitable. But as the club is only allowed to spend 60% of its turnover on staff wages, then it is clear we need to include the ACL turnover to be able to build a strong squad to fulfil our ambitions. What is I...

Yes - the club needs the revenue from ACL to be profitable and competitive going forward.

I do eat poo for breakfast - or sort of. I usually get scrambled eggs. It may well be that I am naïve, but I am not blinded by hate or paint anyone black or white. I don't participate in witch hunts believing the accused is only innocent if she can't swim. I am sorry - I have never learned not...

I don't really know if JS is involved in ARVO, could be. I won't be surprised if she comes out richer no matter what happens. My concern with ARVO taking over the club is that it could lead to the club return to the Ricoh as tenants. Even if the rent is lowered to £400k/yr including match day...

I agree with OSB here - sisu seem to pin their hopes on winning the JR, but I disagree they will liquidate if they fail. ARVO is the unknown entity here - they are paid interests on their loans and won't let that go for nothing. In my opinion should they lose the JR the most likely scenario is...

Don't get me started on management fee's! Lets start with what is owed now and go with OSB's figure of £36m. Of that a buyer will only pay full price for the £8m to ARVO. If the buyer leaves the loan unchanged he does not pay anything at first, he simply keep servicing the loan. Then there's...

You mean it's much better we stay at Sixfields???

Written DOWN, not off. My mistake. The point is a buyer can probably get that debt at a much reduced price. And that debt I am sure is still in SBS&L at nominal value, so the books will not show £12m, but more likely around £40m. Even if the accounts are filed tomorrow, won't it be another...

Much of the debts will have been written off with limited and holding being liquidated. That's the debts that was kept on the books from before sisu took over. OSB made a post a month ago about it. The debt left that is actually making an impact is the debt to ARVO as that is carrying interest...

No need for apologies. I am not trying to give ML any credence here ... just leave room for him knowing more than I do. From just reading the minutes and coupled with similar remarks at the radio interview I get a feeling there's more history between the Trust (or members of the Trust) and the...

Exactly what they should have done! Diplomacy isn't their core competence me thinks.

Well - it was a very long shot at being funny. IF WS actually had one or more plants on here they really couldn't make a post saying 'I am a WS employee and I can assure you all I only do small advertising for upcoming events at the Ricoh'. Would kind of blow their cover. Ah - forget it.

Maybe one of their 'operators' will post a confirmation here that they are ONLY doing simple advertising for ACL events?

Guessing is fun, isn't it? :D

Ah - the loan has to go somewhere. And then there's the damage claims. It could all potentially lead to an out-of-court settlement (ACL sold to SBS&L, extended long lease ...). Not a bidding process, not administration but a closed transaction between CCC/Higgs/SBS&L.

So the question is: Why employ them?

ACL is not going into administration and it was never the intention from any of the parties. There's NO danger of that happening now or even 5 years into the future unless something completely unforeseen happens. They may run out of cash, but then they may have assets to sell or the option to...