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Jack Griffin
Guest
Maybe they don't have to bid because who they were going to sell on to has made a bid in their own right or they realise Byng is in the wings to outtrump everyone by buying the lot off the chosen one afterwards.
Maybe Byng will have the last laugh? Why bother making a bid when you can buy the lot afterwards (just a theory)
It maybe they never intended to submit a bid at all. Makes the free rent while in administration offer look about as attractive as an ice lolly in the Antarctic.
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Jack Griffin
Guest
ACL make a bid to see more detail in the accounts they previously were not privy to?
I could see there being two SISU bids in different guises!
I could see there being two SISU bids in different guises!
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Jack Griffin
Guest
No he is back in his loft with his train set, shouting 'choo choo' playing at being Station Master with his little hat on.
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skyblue2k
Guest
Grendel, Grendel, what dreamland do you live in?. You spend yet more time having a go at ACL, yet not a peep about the frightening prospect of SISU actually being allowed to buy Ltd back.
Of course they will not bid on owning the football club! They can't even manage the stadium properly or even pay their mortgage without a bail out? How on earth would they have funded a football club? It just tells me what idiots there are at ACL and bungling councillors everywhere.
Grendel's mate. Attack one and they all come out of the woodwork. Pots and kettles - SISU can't pay rent, so what does that say about their ownership?
Besides, if SISU finally go soon it will all be down to ACL standing up to them. So bravo ACL and those "bungling councillors" might have the last laugh.
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They only couldn't pay their mortgage because their primary tenant - for whom the stadium was built, unlawfully withheld rent.
Their books showed they were profitable. It was cash they were starved of. Do you understand the difference?
Why have a go at them? Their books work. Have a look at SISU's influence on every bit of CCFC they've touched in five years.
Jesus, some folk have misplaced loyalty.... :facepalm:
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skyblue2k
Guest
The mortgage came about when ACL paid the rent in full to the Council a few month's after the stadium opened £21 million or thereabouts. ACL had previously offered to renegotiate the rate and that was turned down pre sisu. Sisu did not attempt to negotiate the rent (to the best of my knowledge) they just stopped paying it April 2012. The council own the freehold to the arena and half of ACL, they could have repaid the rent in advance to ACL but chose the cheaper option (in my opinion) of paying off the mortgage and keeping the company they own 50% of, buoyant. This way ACL pay back the council at a better rate, because of this ACL offered a reduced rent of £400k a year. Its not as cheap as other grounds, but then the Ricoh is a ground fit for the Premiership
City do not earn any matchday revenue as they sold there share in ACL pre sisu to the Higgs charity for £6.5 million (£4.5 million in cash & £2 million they owed to higgs (a loan i believe with no interest)
City do not earn any matchday revenue as they sold there share in ACL pre sisu to the Higgs charity for £6.5 million (£4.5 million in cash & £2 million they owed to higgs (a loan i believe with no interest)
They've always been like that, they were the same when they said that people like Coleman and Thorn were great managers.
Anything to support the regime.
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Deleted member 5849
Guest
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Deleted member 5849
Guest
I wouldnt bother asking him. He just repeats the same fekking line when people disgaree with him. Its like oh they have a different opinion, they are a sisu rent boy. Doh! :facepalm: