Sick Boy
Super Moderator
It will be no good whining when we are facing relegation the League 2 next season if the club has to abide by ACL's terms.
Good luck on finding new owners, particularly those who would agree to ACL's demands.
Agreed ACL have SISU over a barrel. It's no good whining about it, we agreed the deal and the council presumably agreed a mortgage with the bank on the back of it.
I think the only further negotiations that ACL will now consider is with new Owners. Sisu therefore have to make a decision now either put us into admin/ sell us or pay up. They are the only options left.
And a lot of people on here can only see the side of ACL. So what's the difference. Compromise with business deals. Well, no one on here has been in the meetings so how do we know what has been offered and counter-offered? We only know what SISU and ACL decide to tell us.
It will be no good whining when we are facing relegation the League 2 next season if the club has to abide by ACL's terms.
Good luck on finding new owners, particularly those who would agree to ACL's demands.
That 500k was put into the escrow account many, many years ago, in case CCFC (aka SISU) ever defaulted, which they subsequently did, proving it was a sound decision !
Since CCFC (aka SISU) started witholding any rent, they are now paying 'matchday costs' only and no rent.
If as it appears, TF is happy with the £400k rent figure, and we're just squabbling over F&B, why havent the club been paying a token rent figure (say £250K) in the meantime..which would mean the debt is now less ?
Agreed ACL have SISU over a barrel. It's no good whining about it, we agreed the deal and the council presumably agreed a mortgage with the bank on the back of it.
I think the only further negotiations that ACL will now consider is with new Owners. Sisu therefore have to make a decision now either put us into admin/ sell us or pay up. They are the only options left.
And when you get your way, and SISU get match-day income, meaning they'll have had free shares, a cheap stadium, match-day income and still bugger it up. What next?
Ah, just remembered - they'll then need access to redevelop the land adjacent to the Ricoh; so when they've had that, and buggered that up; robbed the city of the chance to redevelop that side of the city and syphoned all the profits off to Mayfair, and thereafter to wherever else in the world their 'investors' live; then at that point, perhaps you'll open your eyes and see the bleeding obvious.
But by then, it'll be too late...
The truth is they have messed up almost everything else that they handled as regards the club so I imagine it would suit them just fine to at least let another organisation carry the can for finally taking down the club.SISU now make a decision, pay, sign or sell, which ever they decide they must know now the hard nose business plan has not worked, the spin has come to this and 5 years of bad management has brought them to this point. They got us relegated they have hired, brought and sold badly not the council, we can blame the council for all but SISU should of done a deal on day 1 regarding the rent not now when the plan for premiership never came about.
CCFC need a good rent deal or shared ownership to create money streams but the situation now gas not come today this has been a long time coming, i dont wamt the club to die, just want it sorted one way or the other.
You tell me.
F&B and other revenue streams are 'a big deal', if it weren't, why aren't ACL compromising that, no, they want to get their hands on some of the action, they can't cope without CCFC, unless they change their policy, which wouldn't involve fleecing the club.
1. Although I may act it, I'm not stupid. I know a huge amount of blame can be laid at SISUs door for our situation. I have said many times the Club should make a gesture and pay something to ACL.
2. As you said "the rent appears too high", it is. Very high. Therefore, I also blame ACL for taking advantage of the Club all those years ago. Yes, McGinnity and Co were stupid in agreeing to such a high figure, but someone in ACL/The Council must have put that figure on the table in the first place.
I think they're both as bad as each other in their own way. I'm simply on SISU's "side" as they are the football club.
And when you get your way, and SISU get match-day income, meaning they'll have had free shares, a cheap stadium, match-day income and still bugger it up. What next?
Ah, just remembered - they'll then need access to redevelop the land adjacent to the Ricoh; so when they've had that, and buggered that up; robbed the city of the chance to redevelop that side of the city and syphoned all the profits off to Mayfair, and thereafter to wherever else in the world their 'investors' live; then at that point, perhaps you'll open your eyes and see the bleeding obvious.
But by then, it'll be too late...
Imagine how much more we pay for stuff now a decade later with inflation, etc. We'd be making loads.
How much have we lost out on over the last seven and a half seasons, I wonder, OSB? Do you have those figures. It would be interesting to see how much the Club has missed out on, wouldn't it?
CCFC originally sold those rights to stop itself going bust.....and you want ACL to gift back those rights for nothing ?You tell me.
F&B and other revenue streams are 'a big deal', if it weren't, why aren't ACL compromising that, no, they want to get their hands on some of the action, they can't cope without CCFC, unless they change their policy, which wouldn't involve fleecing the club.
They put 500k into the ESCROW account as well as matchday costs.
Are you sure those figures are correct? I'm not questioning you I'm questioning the accounts themselves. Do you think that the years 2003 and 2004 are a misnomer or something has been accounted differently? I can't see a few events put on in the last season leading to a tenfold increase.
An ACL spokesman said :
The situation is quite simple.
CCFC (aka SISU) owes ACL £1.3m which a court of law has confirmed our right to collect.
Our board has participated in hours of discussions with CCFC during which we have made many concessions and CCFC (aka SISU) has made none.
What's the point of even more discussions (or even expensive outside mediation for that matter), when only one side is willing to compromise ?
Not sure if anyone has responded to this as I haven't got time to go through all 12 pages but CCFC have made a comprimise due to the FFP rules coming in. How many fans (me included) have complained that the quality on the pitch has reduced as has the wage budget. Even the most Anti-SISU fans would agree that our wage bill is drastically lower than say 5 years ago (even if we were still in the Championship).
The club has reduced it's wage bill to manage the clubs finances in a better manner than they were under previous regimes (the reason why we're in this mess). We NEED to comply with these rules and are doing what we can. From my point of view, it seems as though ACL are not playing ball for some reason which isn't public knowledge.
WM
CCFC originally sold those rights to stop itself going bust.....and you want ACL to gift back those rights for nothing ?
Whose fleecing who ?
Whilst real figures are always welcome in these seemingly never ending debates, I don't think these are particluarly useful.....
Fans use the F&B facilites at the Ricoh far far more than they ever used those at HR.....We all used to drink in the surrounding pubs & eat from the local shops did we not?
God I miss the old dump....Take me home...Highfield Road.
You've lost me...where did this gun come from ?Yes - one party had a gun to their head and the gun hasn't been withdrawn still.
You shouldn't simply add to the bottom of a thread without reading what's gone before; as this to an extent has already been raised.
Actually as I understand it the money in the Escrow account is from a football grant that was supposed to go against the build costs but the council agreed could be used as the rental deposit.............. so did the football club ever pay it in the first place ?
Why do ACL not want to use a third party mediator?
Maybe because the mediators conclusion would be that ACL have been pulling the clubs pants down on the rent and revenue since the deal began
I never thought I would say this but I'm with Sisu on this one.
Council and ACL are a bunch of muppets. The Council in particular doesn't exactly have much of a credible record in anything to be honest !
CCFC originally sold those rights to stop itself going bust.....and you want ACL to gift back those rights for nothing ?
Whose fleecing who ?
Why do ACL not want to use a third party mediator?
Maybe because the mediators conclusion would be that ACL have been pulling the clubs pants down on the rent and revenue since the deal began
Diehard - Here's another fact. Sisu are required by LAW to pay the rent.
They own the club and running it "legally" is their first duty......making retrospective judgements on what was "fair" is neither here nor there and, as you say, propaganda.
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