ACL is not a charity nor is Sisu. Therefore ACL should agree to lose 90 percent of their earnings from the club for the next 12 months in return for shares of an equivalent value. By taking this approach the tax payer obtains the accounts and Sisu accept the commercial reality they find themselves in
ACL should only reduce the rent if Sisu surrender some shares to them (1 Viewer)
- Thread starter OyJimmy
- Start date
Everything has a value. It may be that Sisu have to surrender 90% of their Equity in the club to agree a deal. But that's life. ACL are not a charity.
cloughie
Well-Known Member
surely that would mean ACL would owe 90% of the debt to sisu, then sisu could call in the debt and take control of the the assets of ACL , The ricoh
Correct - like I said: Why would ACL want to be (part) owner of the debts to sisu?
Because they could then put it into administration and sort out a long term future for the club, which would be to the benefit of ACL!
Wrong. They would own 90% of another business, which they could just choose to put into admin without paying any of the debt.