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Think that was the value given at the time of administration.

Are you being deliberately obtuse? Respect enough for you to say that you're not stupid. The value of ACL as a business, separate from the leasehold they have on the Ricoh, would be contigent on contracts that they hold, and current or future income. The loss of a 40 years to run contract...

I think it was the value that ACL gave themselves for the remainder of the lease.

i am not. The value of ACL as a trading business included the 40 years remaining lease between them and the club, valued at around £40million. That has nothing to do with the duration of ACL's lease on the Ricoh, it is pertinent to their business value. That value was wiped off with the...

Is it not working though? Surely the value of ACL has been distressed by around the £40million that was remaining on the clubs lease? Do you think that the value of ACL has gone up or not since the club left?

Not really, merely preventing them from making losses.

Some think that are definitely distressing ACL, whilst also saying that ACL are doing not being distressed. That is the very definition of inconsistent, rather like the arguments on player transfers that "they are being sold for peanuts" whilst at the same time "trousering the profits on player...

No, you're deliberately misunderstanding the point as realisation has finally hit you. I'm talking about the value to ACL of the lease agreement that they had with the club, that still had 40 years to run. Think was valued at around £40million. That hasn't been replaced.

So are you saying that the broken lease by Sisu, apparently worth £40million(which I remember you getting very aerated about) was actually worthless and had no value? Surely the 40 years of future income from that lease would have been factored into the value of ACL at the time? Therefore the...

The trading business has been pretty consistent all along, not an awful lot of growth, and with the anchor tenant and subsequent footfall loss will be struggling to maintain an even line, let alone "horizontal growth". More likely to be what you would call "downward growth".

Simple way to answer it really. ACL's lease was valued at £18.7 million in the last accounts. What was it valued at in previous accounts? If it was lower and has been increasing to that value then i will gladly admit i was wrong.

Because ACL are being distressed or they are not. I'm firmly in the Sisu are distressing ACL camp to gain the Ricoh. You think that ACL are financially able to survive without the club. I can't be in the latter group if I believe the first, or vice-versa.

I disbelieve the statement that the Olympics had a negative effect on trading when turnover waas vrtually doubled becuase of it. That seems to be just one of many, many things that you fail to grasp. You failed to get back on whether the value of ACL increases(as all the grown-ups think...

Possibly, but who really knows as yet? Always thought that ACL particularly badly run, never seems to get many concerts(have any been announced for this year yet?), and often don't get "return" business once people are back on the circuit, Not had Heineken Cup for about 6 years, didn't get the...

No conspiracy, just that people who tend to be so forcefully wrong on one issue, tend to be so on many others.

As has been pointed out, many, many times, by many, many people, including OSB, we can't say how well or not that ACL are doing yet.

I think so, but then again I've never gone on about how brilliantly ACL are doing aand are going to continue to do without the club. Some seem able to hold two contrasting opinions at the same time.

I'm not saying that, but was the view of most on The Ricoh until a piece of concrete became more important than the football club to the majority of the fans and the owners. Sisu and the fans a perfect match, as long as they get the Ricoh the club doesn't matter.

Seeing as there have not yet been any accounts for the time since we have moved out and the most recent accounts even with a near doubling of turnover because of the Olympics led to reduced profits then it still remains to be seen how well they are doing without the club. I find it strange...