So MM & GR actually own over 80% of the golden share then. Revelation.
Perhaps they should buy the rest of the club and bring us home. Shouldn't cost them too much more as without the golden share the clubs worthless.
So you have no evidence and have been taking out your arse. Back to work? May come in for a Mcflurry later on - perhaps Rupert will serve it?
So MM & GR actually own over 80% of the golden share then. Revelation.
Perhaps they should buy the rest of the club and bring us home. Shouldn't cost them too much more as without the golden share the clubs worthless.
I still want to know if they are going to get £890K. That can;t be right, can it?
I still want to know if they are going to get £890K. That can;t be right, can it?
All I am saying is if there is an issue I would call my friend Alan who would then tell Simon to stop mowing my lawn and put out a story that on the face of it looks pointless.
Does he do a good job on the lawn??? stripes, chess board the full works
The reported deal ( sorry none of us were there, but even ML ( apparently according to reports ) confirmed there was a deal ) was 590K.
If ACL receive money from another source it shouldn't count towards that deal - unless the league confirm that it was dependant on other things happening.
They haven't yet.
Good idea. Give the club back to the fucking idiots who signed the rent deal in the first place!
You forget the discount.
ACL settled the £500t for £300t.
That mean ACL have written off £200t whichever way you go.
They main issue is if the FL accepts the money paid by McGinnity/Robinson is part of the money Otium owed ACL. If not ACL are still owed £590t - but if it is ACL are only owed £90t.
You forget the discount.
ACL settled the £500t for £300t.
That mean ACL have written off £200t whichever way you go.
They main issue is if the FL accepts the money paid by McGinnity/Robinson is part of the money Otium owed ACL. If not ACL are still owed £590t - but if it is ACL are only owed £90t.
Spirals.......
The thing is ACL has now had:
- £500,000 out of the escrow Account
- £300,000 from Tweedle Dee and Tweedle Dumb
And the £590,000 from the Club, were they owed £1,300,000 or is this the way it's playing out?
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The way I see it Just need to know how long they defaulted on the rent for then we can work it out ourselves.
One thing is obvious thou SISU don't like paying out regardless.
Will they pay the FL if they default on the ground or will they string it out by going to court saying that it is immoral and illegal or even just shutting down the club?
Don't know, but I cannot see how a deal is made for 590K, which ML says will be honoured, and then it comes out that an older guarantee is being ( partly ) honoured and thus OEG can change the deal.
How? The league stated at the time that ACL was to get 590K. No ifs buts or maybes. ( No, Grendel - you've had your links ).
The FL has yet to change this stance.
The way I see it Just need to know how long they defaulted on the rent for then we can work it out ourselves.
One thing is obvious thou SISU don't like paying out regardless.
Will they pay the FL if they default on the ground or will they string it out by going to court saying that it is immoral and illegal or even just shutting down the club?
Don't know, but I cannot see how a deal is made for 590K, which ML says will be honoured, and then it comes out that an older guarantee is being ( partly ) honoured and thus OEG can change the deal.
How? The league stated at the time that ACL was to get 590K. No ifs buts or maybes. ( No, Grendel - you've had your links ).
The FL has yet to change this stance.
Simple really isn't it.
Robo, it's just the way it is. ACL were and are entitled to the figures you set out.
300k from MM and GR
500k escrow account for 2012-2013 season match day costs.
590k from sisu for obligation to stay in the league.
I think they'll of shut down the club and bogged long before the FL call in the £1m bond.
Once they realise the ACL aren't going to go bust and they no longer have any way of getting their grubby hands on the Ricoh for next to nothing, you won't see them for dust.
Simple really isn't it.
Robo, it's just the way it is. ACL were and are entitled to the figures you set out.
300k from MM and GR
500k escrow account for 2012-2013 season match day costs.
590k from sisu for obligation to stay in the league.
Like I said above I am sure ACL is still legally obliged for the £590,000 payment, but a statement is needed from the Football League in my opinion.
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Sick of you trying to promote yourself. The biggest hypocritical and opinionated slug on the forum. You burnt your business reputation claiming SISU deliberately lost the JR after backing them to win it.
You have a reputation of backing two horses and changing horses mid stream. Anyone who feels the need to quote their salary to gain credibility? Well I will let the floor decide?
But you have obviously supported CCFC your whole life, I respect your opinion on players and your credibility as a fan; but your claims as an international business negotiator smacks of delusion.
Isn't the £300k the same as the £500k only discounted, rather than being two separate amounts due?
I thought they had guaranteed to top up the escrow which had been used up by a lack of rent payments, and this is what has been called in by ACL.
Like I said above I am sure ACL is still legally obliged for the £590,000 payment, but a statement is needed from the Football League in my opinion.
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ACL ran dry the escrow account first although I don't think it had 500k in it when sisu stopped legally paying rent.
Mm and gr then paid 300k as part of the 500k they signed up for.
2 different payments to my knowledge RT.
Isn't the £300k the same as the £500k only discounted, rather than being two separate amounts due?
I thought they had guaranteed to top up the escrow which had been used up by a lack of rent payments, and this is what has been called in by ACL.
In everyone's opinion Robo.
I think behind the scenes it's quite clear sisu and the FL are talking about how to do this that benefits both of them. They are working on a plan together IMO to get themselves out of this as it won't just go away.
Do you have any evidence that this is the case?
After reading the statement for the millionth time I can only assume what simon gilbert said may have some truth.
What's to stop the FL and sisu using the 590k as a "bargaining chip" to return to the Ricoh?
Sisu could say "here's your money but we want rent free at the Ricoh for 1-2 years as a result?"
Or it's late and I have read the statement too many times lol
But the escrow was a security for rent if not paid by the club under the lease.
Now the club and lease is gone - who owns the money in the escrow?
ACL?
Which bit Grendel?
If they were really naughty, they could back date an agreement to include guarantee payments being docked. That would require some front as it would be illegal, but maybe they hope to think up some way round the legality of it, which is why it is taking so long.
If the FL cared about fans, they could have made a statement long ago, but they are an owners club and have a duty to their members - comes above any duty to "real fans".
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