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Read what I wrote again... I didn't say they would get paid regardless. I commented if they knew/were aware that they were going to get paid regardless of their choice. As a paid director of a company, your job is to accept the best deal for your owners regardless of principles or dislike of...

As far as CCFC was concerned, regardless of accepting or rejecting the CVA there was no longer a lease for the football club at the Ricoh... so again I assert that your statement that they had no choice due to the lease is wrong. Duffer has posted their statement for rejecting the CVA... but...

I am sorry but that is just utterly wrong. Reject or Accept the CVA the lease was already broken.

It was the original debt that the club had prior to SISU taking over right?

It is in the telegraph article linked above...

Sorry to clarify, I refer to ACL rejection of the CVA as the turning point for me. Yeah the SISU write off just shows why you keep the debt on the books incase you need it later on.

http://www.coventrytelegraph.net/news/coventry-news/sisu-agrees-write-32m-debt-4872430 This was the turning point in the whole dispute for me. Until then I was 100% pro-ACL. After this I now vent my anger at all parties involved.

Right but there was a 1 year rent break clause applied to the debt adding on another years rent at 1.whatever million.... so they get that as well, or just the arrears... which was about what the CVA offer was give or take.

Similarly we have seen no evidence saying that it isn't true. Were CCFC/CCC trying to deceive YB by colluding? Possibly, but you can also argue that the club which is losing money hand over fist is within it's rights to try and renegotiate the rent. At the end of the day it is not like CCFC...

I am not sure if this is the case. It might be, but the key thing is that the terms of the mortgage are over a much longer period, thus reducing the capital payment each month and making the loan more manageable with the lack of football revenue streams. Part of the JR argument is that this...

they seemed pretty unhappy when Otium got the share, so you would have to suspect they did not know for sure... #doublebluff?

I wasn't actually aware of this. Are you saying the FL told Sisu they had to pay the full 1.7m outstanding (including the 1y break clause) or just what they were offered in the CVA. I guess it makes a little more sense, but at the time of rejecting the CVA they couldn't have known that the FL...

According to the minutes they was two parts to the deal. 1) Buy Higgs 2) Buy the YB debt at less than book value They claim that (1) was dependent on (2). CCC actions did not put the debt on better terms since they were trying to buy it for considerably less than 14m. Even though the debt is...

Why did they reject the CVA then? How can 0.5 pence in the pound be better than 25.25 pence in the pound...

They wanted to convert the mortgage into a 125 year lease leaving (1) ACL debt free and (2) ACL able to offer either peppercorn or very low rent and still make a profit. Yes people are concerned that at this point Sisu could have walked away from the club and just profited on a 125 year lease...

Incorrect. Just need to be collected from the CCFC store during opening hours. Source = http://www.ccfc.co.uk/news/article/arsenal-tickets-coventry-city-fa-cup-collection-230114-1311259.aspx Still 4 tickets available online :)

Okay point taken... directors of ACL rejected but they are also on the council...

Same reason they rejected the CVA :) They would still own the freehold so could just sell another lease... 100 year lease whatever, or invite bids from AEG etc to run it. Bottom line neither side trust each other so I can't see any sort of partnership/joint ownership ever again.

Rumours - don't we love them... I wish I could just get all 3 parties and knock their heads together :)

They can't do this imho. If they buy Higgs then they are buying into 50% liability of the 14m mortgage. At which point CCC could just call in the mortgage... it would get messy but CCC would have a no lose gamble because even if ACL went caput they still own the freehold. This is why CCFC...