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I was searching for my previous post (about a month back) where I said the FL could have made a 'clerical error' - Someone ridiculed the idea then, but I still think it is possible. Administrative errors happens all the time as the paperwork is mostly handled by human beings. Anyway, the FL...

The bailout was £14m - that will be the amount ACL need to loan from somewhere else if the CCC loan is found illegal. ACL hold free assets of about £6m plus the profit since last public accounts minus the rent arrears of £1.3m to ccfc limited. It is probably not too far off the mark that ACL...

Add to that the case sisu put to the court for review. If sisu get the court to rule the CCC bailout of ACL was unlawful, then ACL could be in a lot of trouble and in urgent need of refinancing.

You mean ccfc holdings? As they have not been put in administration I think they have paid all their bills.

I've signed it too - everyone should sign it! If nothing else it will show sisu, ACL and CCC that this dispute has gone too far already.

Yes, me too. But from what little has been said and printed it looks like all payments from FL to the club has been paid to holdings registered bank account. In addition all player contracts seems to be registered with holdings company registration number. Then there's the claim that the club...

Sisu says the club is ccfc holdings, in which case TF is running the club. ACL says the club is ccfc limited, in which case the administrator should be running the club. But in reality the decision is with the FL, and they are still 'investigating'. I think it looks likely that FL will decide...

Is there any sentence you can't interpret as being a pro-sisu statement? Back in 2009 I had a company that we set up to manufacture a communication device to commercial aircrafts. It took us 7 month to plan, implement, write, review and publish a complete QA/QC system for the product, the...

Reading them is the easy part - writing them however ...!

I think 25% interest rate is misleading. It is calculated as interest paid in the year divided with the outstanding sum at the end of the year. What the article doesn't address is the possibility that debts have been moved around or even written off. In 2011 the club restructured after the...

That is true - they can withdraw. It is - as I have said numerous times - sisu's claim. It will be interesting to see how CCC/ACL react.

It could - but then again they have to present their case to a judge. They must believe they have evidence to back their claim. I hope there will be statements from CCC and ACL today or tomorrow. Edit: I would really like to see a statement from the former ACL chairman - now director at...

If this is true - I need to stress that it has not been confirmed by other sources - then we need to rethink the perception of sisu being the devil incarnated trying to pray on a local council and a charity foundation. If this is true it was a joint plan by all involved. We may also need to...

I know, it's hard to believe. If this is true it would suggest why negotiations on lower rent etc dragged on when they seemed extremly close to an agreement - the agreement shouldn't happen until sisu had bought the mortgage. It could also suggest that all the public bickering was made up to...

I fail to see why it couldn't be true - filing claims to the courts are not childsplay. It is serious. If they can present enough evidence to convince a judge is another matter. As I said I am no expert in criminal law, but I don't think it is fraud. Why would they publicise it if they thought...

Btw - where is PWKH? He use to be quick to come here whenever sisu make statements.

According to the documents filed at the court, sisu claim they were planning it together. As sisu have 'some' experience with how the court works I would think they have some evidence to back their claim. Would it be fruadulent? I don't think it would, but I am no expert in criminal law. Maybe...

That's good - it's a forum. I think different views are welcome here.

The plan capsized at some point, and it could seem the former ACL chairman did it. A pity actually, if he hadn't ACL would have cut their debts considerably more than now, Higgs would have sold their shares at the price they want and the club would pay a low rent, have access to all arena...

I can't read anywhere that the documents suggest that the plan was to put ACL out of business. I understand the plan was to distress the mortgage so Yorkshire Bank would sell the mortgage to sisu for £2m-£5m. I think the mortgage was around £16m-£18m so if the plan had gone through ACL would be...