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  1. lordsummerisle

    Arena Construction Completion Report

    Then why bother taking it out of the escrow account at all? The Escrow account is down £500,000 because it has been taken out to pay the rent arrears, therefore the rent arrears are reduced by £500,000.
  2. lordsummerisle

    Arena Construction Completion Report

    So it has been taken off the rent arrears then.
  3. lordsummerisle

    Arena Construction Completion Report

    The £21million loan that was taken from Yorkshire Bank was used to pay the council the 50 year lease fee. The £14million pound is now owed back to the council, so they were already £11million up on their initial £10million investment before they really got started.
  4. lordsummerisle

    Arena Construction Completion Report

    So what ACL done with the money, if not taken it as part of the rent? Is it in some sort of super-escrow account now?
  5. lordsummerisle

    Arena Construction Completion Report

    Have ACL not taken the money then?
  6. lordsummerisle

    Arena Construction Completion Report

    That £14million pound mortgage is what's left of the £21million paid to the council, and is now being paid back to the council. Your maths seems to be slipping.
  7. lordsummerisle

    Arena Construction Completion Report

    Was the escrow money that ACL took for the rent Monopoly money then? Seems that it doesn't count as money at all? This thread has nothing to do with whatever offers are on the table, but how the Council got a £113million asset for £10million due to a company being distressed, then immediately...
  8. lordsummerisle

    Arena Construction Completion Report

    Was merely returning the rhetoric, using the exact same language as has been used against Sisu throughout the saga. Was also drawing the analogy from the start of ACL, not what is happening now. You could say though that taking a company to court to try and force administration on them could...
  9. lordsummerisle

    Arena Construction Completion Report

    No problems with anybody gaining a business advantage at the expense of somebody who is on the ropes, but is that not just what many think that Sisu were trying to do with the rent strike? Ah, but that was the totally abhorrent actions of a predatory hedge-fund trying to pick up the Arena on...
  10. lordsummerisle

    Win Saturday and its top six!

    To be fair, they should be able to afford to if you read the construction report.
  11. lordsummerisle

    Win Saturday and its top six!

    If we win and Yeovil draw the best we will be is 7th. Saying that if we win that we will be top 6 is dependent on other results, as us possibly being 11th is.
  12. lordsummerisle

    Arena Construction Completion Report

    This was posted on another thread yesterday by Tisza, but think it may have got lost and not given the attention it deserved, really deserves it's own thread. The poor old council and ACL seem to have done rather well out of our problems over the years from first glance...
  13. lordsummerisle

    will admin be decided one way or another on friday??

    Aye, 50 Shades of Sky Blue has a good ring to it.
  14. lordsummerisle

    Just suppose a minute ..

    Thought they would be after something new rather than what we already have??
  15. lordsummerisle

    Just suppose a minute ..

    As long as they don't make us Welsh, though our singing may get better.
  16. lordsummerisle

    Win Saturday and its top six!

    It's top 6 if we win and Yeovil don't get a result as well you mean? Could be 11th if we lose and Walsall, Leyton Orient and Notts County win.
  17. lordsummerisle

    League 1 as a horse race

    Shooting the jockey before the season started would have given us more of a chance.
  18. lordsummerisle

    American property tycoon will move to buy Coventry if club slides into administration

    They used to do their warm up routine down under the East stand at Highfield road, remember once nipping out of the game early before half-time as was dying for the loo, only to see all these scantily clad young girls doing their routine. Bit put off by this i wondered straight into the nearest...
  19. lordsummerisle

    Our Situation In Album Titles

    If it all goes wrong on Friday, might have to find somebody else to support, either these or Honved.. http://www.youtube.com/watch?v=na12OyJEgJ8
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