bigfatronssba
Well-Known Member
This suggests to me that acl think we will still be in admin at the start of the season. It also backs up their argument that the "club" is in administration.
They will get them from the free-transfer pool of players if needed, i think Fisher said they could do that last night. Holdings (sisu) could be left with a load of contracted players, managers, coaches etc. who will need paying. Can't have third party ownership either so as i see it they have nowhere to go and sisu will have Gordon Taylor on their case aswell.
What's the weekly wage bill ?
The millstone has again just got heavier.
Agree with that.
This is a very decent gesture though and should be taken on face value.
If Sisu still want to move it gives them a whole year to look for another ground.
Since when did they 'allow' them to get away with it? They still received more via the escrow account than they were proposing to receive under the new deal that was/wasn't agreed. They then made moves to force the club into administration.
I welcome this move by ACL, it is a sensible one, but no doubt there would have been some pressure from other stakeholders (compass and Ricoh I suspect) to ensure that the club played their fixtures at the Ricoh next season. ACL need the club as much as the club need to stay in the city. A sensible move.
kind of puts pressure on the football league and PA doesnt it ............... i mean how can the FL approve a groundshare for a club in administration away from Coventry when the ground in Coventry is making itself available at cost and just needs the administrator to talk to CCFC H to make it happen :thinking about:
Mmm..I am thankful and hope it works out. However, I'm certainly not thankful for the inflated rate we've been charged for the last seven years (OK, six).
Here's an analogy of my own. For me this feels like ACL ran us over and are now offering to give us a lift to hospital. Great they are doing it, but they could have done so much more. As could SISU.
It's all us lot that are suffering while they have a dick fight.
Yeah, why couldn't they build the stadium for us at great expense and then not ask for the money back...
Blimey wish I could share that confidence
There is no logical reason why CCFC would remain in administration beyond this month. All SISU have to do is write off some of the debt to themselves to regain control. </p>
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<p>I don't understand how anyone can be hoodwinked by this obvious PR stunt from ACL. The emptiest of empty gestures.
"Not ask for money back"? They've done alright to the tune of £7M since we moved in. Not bad, eh?
I repeat:
This is an empty gesture. A PR tactic which is working wonderfully on fans who are allowing their blind hatred of SISU to cloud their judgement and allow the wool to be pulled over their eyes.
For the sake of CCFC try to look at all things objectively.
This offer only stands IF THE CLUB IS STILL IN ADMINISTRATION.
In a few weeks time it will not be. The offer will no longer stand. Therefore it is simply a PR tactic from ACL/the council's expensive London-based PR company to win favour with the fans.
More pointless rhetoric. Lets get out of admin ASAP and sort this sorry mess out properly!
There is no logical reason why CCFC would remain in administration beyond this month. All SISU have to do is write off some of the debt to themselves to regain control.
I don't understand how anyone can be hoodwinked by this obvious PR stunt from ACL. The emptiest of empty gestures.
Of course the other the other 50,60 or whatever the latest figure is is down to them as well fucking grow up you stupid c**t"Not ask for money back"? They've done alright to the tune of £7M since we moved in. Not bad, eh?
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The best thing that could happen is for ccfc to stay in admin. It would scupper fishers plans to move & destroy the club.
Of course the other the other 50,60 or whatever the latest figure is is down to them as well fucking grow up you stupid c**t
I sorry mate but where do you get your information from ? Paul Appleton the administrator is running the football club, Fisher is ceo of Holdings, that is not the football club. You will find as i suspect if we kick-off August the 3rd still in administration it will be Appleton and Appleton alone who the football league deal with.Precisely the opposite in fact.
If the club remains in admin there is no chance of Holdings / ACL agreeing a deal because ACL will not negotiate directly with Holdings. At the moment CCFC LTD / the administrator is the only party ACL will tak to. LTD has no players, manager etc. It is not a club and would not be granted the golden share in its current state.
If the club is united and taken out of admin by SISU a deal could be struck with ACL as they would then have to recognise SISU as owners again.
At the moment Holdings / SISU is running the club and hold all the cards as they are in the best position to field a team. Despite ACL's PR spin to the contrary.
Uniting the club as quickly as possible provides the best opportunity to negotiate a new Ricoh deal.
We not in a transfer embargo because we are in administration we in an embargoe because our accounts have not been submitted on time by our owners (sisu), they can rectify that tomorrow by submitting the accounts which i am certain t heard Fisher say last night were ready to go. Clubs in administration can and do sign players. How many did Pompey sign last year alone ?
We not in a transfer embargo because we are in administration we in an embargoe because our accounts have not been submitted on time by our owners (sisu), they can rectify that tomorrow by submitting the accounts which i am certain t heard Fisher say last night were ready to go. Clubs in administration can and do sign players. How many did Pompey sign last year alone ?
On the players front ............. TF made a big thing about there being loads of players around with no club, that it would be easy to pick up players because it is a buyers market. So ACL have a ground no players, if TF is right how hard is it to pick up a squad to play at the Ricoh to play for CCFC Ltd? Also plenty of managers around
the biggest problem is financing it............
Not saying this would ever happen or should ever happen but there are options.......
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The best thing that could happen is for ccfc to stay in admin. It would scupper fishers plans to move & destroy the club.
I think this is rather clever of ACL and perfectly timed, i.e. after indicative and before final bids.
At this time, nobody can be certain how long administration will last and this offer does provide certainty of a ground where the club can, at least, start the season. It would be a foolish bid that did not factor in the possibility that the club might still be in administration at the beginning of the season and, thanks to this offer, playing at the Ricoh. Any bid that proposes to move the club, to an uncertain venue and at an uncertain date, because "the club is locked out of the Ricoh" would look even more foolish.
First point...£500k Escrow...please read carefully!
ACL: ACL... There is a legal requirement for an escrow account, which in essence is a rent deposit deed, agreed in 2004 by the then owners of CCFC and ACL, with funds not provided by CCFC. The deed is meant to cover any failure of the tenant, e.g. CCFC to pay their rent. It is worth reiterating the guarantee or escrow funds, were never deposited by the then owners of CCFC or SISU when they acquired CCFC. However ACL proposed as part of its 29 January 2013 agreement to reduce this amount to £200k, therefore writing off £313,000, this was conditional on agreeing the HOTs of the aforementioned date
CCFC: CCFC/SISU Answer given but cannot be published as deemed by CCFC to be Sub Judice
second point...ACL pushed for Administration(Which they were legally entitled to do) but were beaten to it by er, um, ahh, oh yes! SISU. Thus meaning SISU used money that wasn't theirs!:facepalm:
Where did you get that tripe from ?If we stay in admin for the start of this season that would be another 15 points deducted. Not so sure that is the way forward.
If we stay in admin for the start of this season that would be another 15 points deducted. Not so sure that is the way forward.
Please allow me to repeat my post from the other thread about ACL bidding as it is even more appropriate to what is being said on this thread:
Oh God!
This is excruciatingly ironic on so many levels.
The anti ACL/CCC brigade are wetting their pants at the thought of ACL becoming owners. Talk about showing their bias!
And now ACL have announced that CCFC can play free of rent next season at the Ricoh, which is proof positive that the auditors were totally correct when signing off on the accounts that ACL can quite happily survive without a football club paying rent. What do the "ACL cannot possibly survive without a football club paying over-the-top rent" doomsayers have to say now?
Add to that their "SISU is the only game in town" stupidity, and the situation of some of the posters on here becomes laughable.
i think you will find that if we start 2014/15 season in administration we would incur a 10pt penalty and if we come out of admin with no CVA we would incur a 15pt penalty.
Don't you realise ACL have to say this because we are in administration and can only talk and make offers to the administator Paul Appleton, Fisher and sisu don't come into it...yet.... The more you look at it the smarter it looks. We start where the fans want to be at the Ricoh and once out of admin. chase sisu for rent.
The millstone has just got heavier.
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