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    Million dollar question

    Well at least I try to obtain some facts, and as you can tell from my question to PWKH I am trying to find the evidence you ask for. But so far there's no reply.
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    Million dollar question

    If you read the opening posts of the 'well, well' thread it is clear that rent reduction is not a new discussion, but has been tried since we moved to Ricoh. All previous attempts have failed. The rent strike is a different and much more radical/extreme action, but it has proved to be the only...
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    Million dollar question

    How is 'had gone bust' equal to 'failing'?
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    Million dollar question

    Just to get the facts right, would it be correct to say that: 1) ACL have emptied the escrow for £500k 2) ccfc have spent about £300k in match day expenses Could you reveal how much ACL have received from ccfc since april last year (if anything)? And can you reveal if ccfc approached ACL...
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    Million dollar question

    I believe he said that ACL had TAKEN £800k from the club .... there's a difference.
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    Sisu - it's always somebody elses fault

    I think the rent was a major part of the delayed accounts last year as well. The new board and CEO likely had to adjust the business plan a few times until sisu agreed to fund losses for another year.
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    Transfer Embargo from midnight

    ACL have a positive balance sheet - more assets than liabilities. For the club it's reverse. If the club folds in the summer, ACL will still be able to produce a positive result in 2013 and be a going concern, so the auditors will have no problem signing the accounts. Without the club the...
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    Could we face another transfer embargo

    Thanks for keeping it simple :D ... and for trying to justify the huge amount you auditors charge. I raised the rent issue saying that it was ONE major cost item. I didn't say it was all about the rent.
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    Could we face another transfer embargo

    Yes, it's pretty simple and straight forward - but it could almost be classified as a miracle if the club in its current financial state were able to file the accounts in time.
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    Could we face another transfer embargo

    Don't expect that.
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    Could we face another transfer embargo

    Why would you say that? They are professionals and knows exactly what they are doing - at least when it comes to financing and book keeping. Just like I believe you know what you're doing in your own job. Or is it a case of 'thief thinks everyone is stealing'?
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    Could we face another transfer embargo

    The books are up to date - the difficult part is guaranteeing there will be cash available to pay the bills the next year.
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    Could we face another transfer embargo

    You misunderstood me, and fair enough. The auditors don't have a say in how the club spend it's money. But when the accounts shows more liabilities than assets and the budget operates with an overall loss, then the club needs cash from the outside to stay alive - or as the auditors call it: be...
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    Could we face another transfer embargo

    When the club becomes viable and profitable it will be able to hand in accounts on time. To become viable the club needs to get all costs down to match the income. One major cost item is the rent - so to be able to have a realistic plan that auditors will buy into, rent need to come down to an...
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    Could we face another transfer embargo

    Signing off the accounts and hand them in ... how difficult can it be? Well, it's not that simple. First of all they need a budget for the next year and they need finances to support the budget. How can they budget the rent and matchday expenses (and income) when the negotiations with ACL are...
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    More loans needed?

    More loans needed? Maybe the club should ask the council for a £14m loan on low interest?
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    Breaking news: Acl call off rent talks

    It's a nice little trick you did there :D First of all - if sales are £6m FFP won't allow for 3.9m plus 0.65m in player wages. Second - balancing the books is important so I suspect sisu won't accept continuous losses. Third - You have yourself many times said ACL may be able to improve...
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    Just one question for ACL/Council.. a petition ?

    The club will never become viable or competitive on its own - so a merger with ACL is the best way forward. The development of the rest of the site is beyond the clubs core business and best left at expert developers. Development will benefit the club, but I see no reason why it should be done...
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    Just one question for ACL/Council.. a petition ?

    I agree - arbitration would be over the original contract.
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    Just one question for ACL/Council.. a petition ?

    Basis: If demand and latest offer are very close, this war would have ended before it even started. Delay: The delay has served noone. CCFC compromise: I don't think they have compromised at the bottom line. Further ACL offers: Probably not enough to keep fighting. CCFC position: It is...
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