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Any news on the rent (1 Viewer)

  • Thread starter coop
  • Start date Dec 20, 2012
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B

Brighton Sky Blue

Well-Known Member
  • Dec 21, 2012
  • #71
Sadly MMM with nobody willing to take the club on from SISU I'm not sure what else can be done for its benefit. Sugar daddies of Cardiff proportions are needed.
 
N

nuckythompson

New Member
  • Dec 21, 2012
  • #72
oldskyblue58 said:
That was just the summary Godiva i kept it as simple as possible! Too much drinking gives you hangovers yanno :laugh:
Click to expand...

Listening to Fisher's constant unsubstantiated spin gives me a headache
 

covcity4life

Well-Known Member
  • Dec 21, 2012
  • #73
will we be kicked out of ricoh if rent isnt paid by 26th though?
 
W

wingy

Well-Known Member
  • Dec 21, 2012
  • #74
covcity4life said:
will we be kicked out of ricoh if rent isnt paid by 26th though?
Click to expand...

Why would it matter we have other options.
 
G

Godiva

Well-Known Member
  • Dec 21, 2012
  • #75
nuckythompson said:
Whilst your scenario has plausibility Godiva the problem is timescale - even spinmeister Fisher has talked about a 3 year break even timescale and does that sound like the sort of timescale a hedge fund would work under? And they would have to keep making up the losses for the next two years - I think Joy has had enough of putting money into CCFC and its the stadium complex at any cost as an exit strategy. As OSB said one of the key elements is the control of the Yorkshire Bank loan - whoever is in control of that in effect can control the whole shooting match. I think the new year is going to get very dirty and nasty.
Click to expand...

Joy ... or sisu ... have not put in any money. She/they manage funds who have put in money. That is important.
If sisu get hold of shares in ccfc for nothing, then I think they have all the time in the world. Fischer and Waggot are employed to do their footwork - it's not a huge time (or ressource) stealer for sisu.

Fischer has said so much that I have lost track. Three year break-even, 3mio loss budget .... and this is being quoted all the time.
But how accurate are these figures ... and how accurate are these quotes? The 3mio loss is actually unimportant - it's the cash-flow that is relevant. Is that -3mio? I don't think so. Does the budget include a rent figure of 200k or 1.2mio? Problem is - we don't really know, but we use the quotes in a form that supports our own oppinion. Just like Fischer does.
 

TheParsonsHose

Member
  • Dec 21, 2012
  • #76
Perhaps SISU were hoping the world was going to end today therefore paying the rent never made sense. Lets hope they have a plan B!!
 

oldskyblue58

CCFC Finance Director
  • Dec 21, 2012
  • #77
covcity4life said:
will we be kicked out of ricoh if rent isnt paid by 26th though?
Click to expand...

I doubt it CC4L

Got to say if I had owned the stadium I would have locked the club out at end of July, I would have been taking action as from June once April & May not paid. As landlord (not as a fan) yes I would have taken it all the way. Point of maximum leverage as landlord. That might have focussed a few minds. Any normal landlord would have acted sooner. That is not a criticism of ACL etc because I understand why they didnt and the approach they took .......... sadly SISU used that against them.

That is not me saying I wanted the club broken either, thats me saying I believe football clubs are not a special case when it comes to business. If it were just about the rent there was always a deal that could be done without racking up debt and putting both entities at risk. Just isnt about the rent

Plus it is easy to talk in hind sight and it isnt me making the decision.
 

Mary_Mungo_Midge

Well-Known Member
  • Dec 21, 2012
  • #78
Brighton Sky Blue said:
Sadly MMM with nobody willing to take the club on from SISU I'm not sure what else can be done for its benefit. Sugar daddies of Cardiff proportions are needed.
Click to expand...

Well, I'll be placing a bijou wager on 'black' on the roulette wheel in the casino tomorrow - a 'one spin' wager is a part of my lucky match-day preparation. Should I prove successful, I may make my way to the director's box and test Fisher's mettle whilst holdin' foldin'....
 
G

Godiva

Well-Known Member
  • Dec 21, 2012
  • #79
Mary_Mungo_Midge said:
Not an incorrect assertion, but pushed up to a lower value than if the prime tenant wasn't so machiavellian. So, the value will be either nominal, or depressed. Neither a bad output for Joy and her team
Click to expand...

My point is - it wouldn't satisfy the £40mio+ loans.
It is also an uncontrolled plan ... there are too many uncertain factors.

And it wouldn't really give 'Joy and her team' anything. The funds would maybe regain a few milions, but not really enough.
 

ccfctommy

Well-Known Member
  • Dec 21, 2012
  • #80
covcity4life said:
will we be kicked out of ricoh if rent isnt paid by 26th though?
Click to expand...

No, they can take us to court though.
 
B

Brighton Sky Blue

Well-Known Member
  • Dec 21, 2012
  • #81
Mary_Mungo_Midge said:
Well, I'll be placing a bijou wager on 'black' on the roulette wheel in the casino tomorrow - a 'one spin' wager is a part of my lucky match-day preparation. Should I prove successful, I may make my way to the director's box and test Fisher's mettle whilst holdin' foldin'....
Click to expand...

I'd have thought blackjack was more your thing?
 
N

nuckythompson

New Member
  • Dec 21, 2012
  • #82
Godiva - there is conjecture that Joy has put in substantial amount of her personal money - her personal worth between £30 and £40m but I am sure even she is reluctant to be writing a cheque for £200,000+ every month. According to Fisher he used the £200k rent figure in his budget plans.
 

covcity4life

Well-Known Member
  • Dec 21, 2012
  • #83
oldskyblue58 said:
I doubt it CC4L

Got to say if I had owned the stadium I would have locked the club out at end of July, I would have been taking action as from June once April & May not paid. As landlord (not as a fan) yes I would have taken it all the way. Point of maximum leverage as landlord. That might have focussed a few minds. Any normal landlord would have acted sooner. That is not a criticism of ACL etc because I understand why they didnt and the approach they took .......... sadly SISU used that against them.

That is not me saying I wanted the club broken either, thats me saying I believe football clubs are not a special case when it comes to business. If it were just about the rent there was always a deal that could be done without racking up debt and putting both entities at risk. Just isnt about the rent

Plus it is easy to talk in hind sight and it isnt me making the decision.
Click to expand...

yeah im just worried that ACL will show no tolerance to the deadline,i suppose they wouldnt want the fan backlash though

i have pre paid tickets i wanna use in january lol
 

Mary_Mungo_Midge

Well-Known Member
  • Dec 21, 2012
  • #84
Brighton Sky Blue said:
I'd have thought blackjack was more your thing?
Click to expand...

A few tipples are also part of my 'lucky' matchday experience. The idea of a game that involved algebra, played whilst in a state of over-refreshment would likely end in financial disaster, dear chap
 
G

Godiva

Well-Known Member
  • Dec 21, 2012
  • #85
oldskyblue58 said:
That was just the summary Godiva i kept it as simple as possible! Too much drinking gives you hangovers yanno :laugh:
Click to expand...

I appreciate it was a summary ... If you had written the full text I wouldn't have hangovers, but suffer a severe stroke

Anyway ... your therories makes me wonder what clientel you serve in your daily business. You sure seem to know a lot about tax avoidance, loop holes, distressing companies and exploiting weaknesses
 

oldskyblue58

CCFC Finance Director
  • Dec 21, 2012
  • #86
all completely legal above board and transparent Godiva I like to sleep at night ! and I value that my clients trust me.
 

skyblueinBaku

Well-Known Member
  • Dec 21, 2012
  • #87
I have believed all along that the rent dispute was just a smoke screen. This thread, however, has shown me just how complicated the whole affair is, with more twists, turns and red herrings than a novel by LeCarre - and it's giving me a headache just trying to understand a little of what's going on. Think I'll stick to planting turnips.
 
N

nuckythompson

New Member
  • Dec 21, 2012
  • #88
Don't dig too deep or you might find people who have crossed SISU
 
G

Godiva

Well-Known Member
  • Dec 21, 2012
  • #89
nuckythompson said:
Don't dig too deep or you might find people who have crossed SISU
Click to expand...

Not likely.
But if you go scuba diving ....
 
N

nuckythompson

New Member
  • Dec 21, 2012
  • #90
They sleep with the fishes
 
W

wingy

Well-Known Member
  • Dec 21, 2012
  • #91
They are cold blooded fish,Sushi perhaps.
 

lordsummerisle

Well-Known Member
  • Dec 21, 2012
  • #92
nuckythompson said:
Don't dig too deep or you might find people who have crossed SISU
Click to expand...

I crossed SISU with RBS.

Ended up with fuck all.
 

sky blue john

Well-Known Member
  • Dec 21, 2012
  • #93
Its interesting there has been a lot of silence on both sides lately !!!!
I would think the counsel would help support ACL if it comes down to a long battle.
 

lordsummerisle

Well-Known Member
  • Dec 21, 2012
  • #94
sky blue john said:
Its interesting there has been a lot of silence on both sides lately !!!!
I would think the counsel would help support ACL if it comes down to a long battle.
Click to expand...

Particularly a legal one.
 
N

nuckythompson

New Member
  • Dec 21, 2012
  • #95
Problem is SISU's lawyers and financial experts are used to these types of battles the council employs local experts with little experience of taking on such organisations and the variousdirty tricks stunts and scenarios.
 
G

Godiva

Well-Known Member
  • Dec 21, 2012
  • #96
nuckythompson said:
Problem is SISU's lawyers and financial experts are used to these types of battles the council employs local experts with little experience of taking on such organisations and the variousdirty tricks stunts and scenarios.
Click to expand...

They're already on the phone with OSB
 
N

nuckythompson

New Member
  • Dec 21, 2012
  • #97
who SISU?
 
G

Godiva

Well-Known Member
  • Dec 21, 2012
  • #98
nuckythompson said:
who SISU?
Click to expand...

Both .....
 
W

wingy

Well-Known Member
  • Dec 21, 2012
  • #99
The dirty double dealer:facepalm::laugh::claping hands:
 

oldskyblue58

CCFC Finance Director
  • Dec 21, 2012
  • #100
whoa ! ....... I have my standards yanno...... we operate a clean air policy here, no B S :laugh: Joy and her tribe wouldnt get through our security :laugh:
 
G

Godiva

Well-Known Member
  • Dec 21, 2012
  • #101
oldskyblue58 said:
whoa ! ....... I have my standards yanno...... we operate a clean air policy here, no B S :laugh: Joy and her tribe wouldnt get through our security :laugh:
Click to expand...

'Standards' ... that's plural ... like 'double'
 

Mary_Mungo_Midge

Well-Known Member
  • Dec 21, 2012
  • #102
Godiva said:
'Standards' ... that's plural ... like 'double'
Click to expand...

Not always plural. Can be used just after the word 'no'. Which is pertinent to the subject if this debate
 

skybluealan

Well-Known Member
  • Dec 21, 2012
  • #103
Tickets are on Sale next Monday for the JPT on January 10th. Does that not say something!!!!!!
 

Sky Blues

Active Member
  • Dec 21, 2012
  • #104
skybluealan said:
Tickets are on Sale next Monday for the JPT on January 10th. Does that not say something!!!!!!
Click to expand...

The musicians kept playing aboard the Titanic too...
 
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