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What is the Golden share worth really when the club it's attached to has no tangible assets and a mountain of debt?

According to SBK. If they win what you've said on another thread is likely to be the case. Personally I don't see there being any chance of us being liquidated if they win. Just less debt maybe no debt and new owners. If they lose on the other hand...

And you can be sure of that how?

I get the impression that SISU losing and what that potentially means the club isn't on your radar. Odd.

I hope your right about not liquidating Dave but it's the very little assets bit that worries me about this especially when you offset that against the debt. What is the club actually worth paying for? Why wouldn't they get a better return by liquidating and the bad debt benefiting SISU with...

There's been a fair bit of talk about what happens if SISU win the appeal but what about if they lose? My worst fear is the club gets liquidated in a heart beat. Any other theories?

Good signing I think. He's done it all at this level so should bring something to the party. Wikipedia been updated already too so it must be official :)

I agree with point one completely but how many millions dis the taxpayer lose exactly when ACL was sold?

Talk of operation premier league or ownership of the Ricoh would be very premature. I'm sure the talk of hundreds of millions outside the court house was purposely said for effect. It's a judge that would set the compensation not SISU and I doubt they'd get 100% of any claim anyway. I would...

Yeah OK. What you conveniently forget is that the JR was initially turned down and that decision had to be overturned by appeal before it went to court. This was a short hearing the result of which could only actually be a rerunning of the original JR. How many of there 5 arguments did SISU...

So they can pay back the debt to SISU and ARVO?

So the ACL loan then?

What wasps loan?

How much of that would Wasps actually be liable for? From the time they've owned ACL? Would that mean Higgs and CCC would have to pick up the balance?

Didn't see that coming, maybe the crutches and arm sling trick works after all ;) Be interesting to see what the new points are, clearly that's the difference. Will we find out before the appeal or during the appeal?

It sounds like SISU have finally battered someone in court. According to the updates one of SISU's legal team is on crutches and Laura Dearing has her arm in a sling. Either that or they're going for the sympathy vote. Pretty sure that only works in the movies but desperate times call for...

The debt. All of a sudden it won't be "not real debt" anymore.

With the sudden change in direction from SISU with regards to how they run the club I can't help but wonder if the bigger picture is that they're getting ready to sell anyway. Decent manager, professional retail set up including an outlet in the ground, papered over the cracks at a tired...

I guess that makes you a grass then ;)

It's good to see that the post police are on patrol.