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And the statements from CCC as well as ACL rubbing shoulders with Hoffman/Elliot/Haskel indicate that the last two parties aren't ready for common sense either. It's not one sided, it's not evil against good - it's finance and politics mixed up ... and messed up.

To find a market rate you'll need a market. Only the club seems interested although some would claim that Haskel may also be interested. Haskel can only buy the shares if they also buys the club - as club and ACL ownership is desired under one owner by all involved (ACL and CCC). So as long as...

The existence of the formular has been known a long time and using it will put the price at approx £8m. ACL have said they are willing to negotiate, so maybe they will be happy with £5m-£6m. But if ACL is only worth about £6m why would anybody spend £5m-£6m on buying 50%?

ACL pays a lease to the council for the right to operate the stadium. It's prepaid many years ahead. It will take 20 years or so before sisu could initiate a lease strike. And I don't think they intend to stay here that long!

I am not saying anything about the club having a divine right to be subsidised. On the contrary! I say let the club buy ACL for the net asset value. That is not subsidising, that is paying a fair price. The ccc will still own the properties, but the club will be able to finanse itself going...

NO! Owning the ACL will never be the same as owning the stadium complex! It will still only be owning a management company that operates the stadium and the businesses in there.

The last ACL accounts showed: Net assets balance: £6.6m - the mortgage was down to £15.6m The profit stated was: 1m - the club contributed £1.2m in rent But the next accounts will add approximately: Olympics profit £1m ccfc rent 0 ... so the profit will show approximately zero (when they write...

Not for free. I have never said that! They would have to take on the mortgage as well. In addition - if there are free assets in ACL, sisu should pay for that too.

Why did they never buy the shares? Well, the Higgs expect to get £6m-£8m for the shares and the real value of the whole ACL is maybe £6m in total. That could easily be one reason. Then there's the claim sisu put to the court that there was a joint plan between sisu and CCC to distress the ACL...

I haven't seen the calculation, but it's probably not far off. I can't explain why it would be a financial better - more robust - investment to build a new stadium, but I am sure that sisu's spreadsheet monkeys know everything they need to construct an investment case. Based on that they will...

Interesting. What if sisu won't go away (until they have recouped most of their investment)? We can't force them out obviously, the sisu-out-campaign failed, the CCC have said they'll never do business with them and ACL are actively supporting Hoffman/Elliott's search for a potential take-over...

My posts never makes sense, so no surprise there. I was reacting when somebody seemed to believe that it is ok the club has been paying £1m+ per year and that ACL used the profit to invest in business the club doesn't benefit from.

How does it benefit the club that ACL build a new exhibition hall when it never receive a penny from any exhibition there?

Yes, but many seem to believe that ACL owns the stadium and that if ACL were taken over by the club, then sisu would own the stadium. They believe that if sisu (the club) gets their dirty hands on ACL they would mortgage the stadium to the hilt - forgetting that ACL is already mortgaged way...

I know :D - and rewarded you a 'like' for the humor.

It seems to me that most 'like' is given to posts containing personal abuse or ridicule. Sadly that means you can no longer scan a thread to find interesting posts based on the number of 'likes'.

I don't think anyone has yet explained the management fee's in detail. But nobody seem to have any proof the fee's have ever been actually paid, but rather used as a tool to shift assets within the group. The only thing that gives me any comfort in all this mess is the inevitable outcome: The...

Look, the original mortgage ACL had at Yorkshire bank had some £15m left to be paid. The CCC bought that debt at some £14m. So now ACL owe CCC £14m-£15m. Sisu have - to my knowledge - never said the mortgage was only at £5m - they have said the real value of the mortgage should be around £2m to...

It is true that FL will most likely take a common sense approach, but it doesn't mean they will rule that limited and holdings are intrinsically linked. The 10 point penalty is without any real consequence, and if that is the price the club has to pay for informing FL in 'the correct' way, then...

If (as sisu claims) the joint plan to distress the original mortgage had been successful, then Higgs could have sold their shares to the club at their desired price. Yorkshire bank would have paid for the party. As that plan failed it looks very unlikely Higgs will ever receive anything near...