That was possibly a concession to the club for future opporotunity,having just said that i've contradicted myself ,oh shit ,still want to get CCFC hands on the stadium though ,ACL can have rest ,the land has no value this early in the lease,ACL holds the value ,split it up ,sell the actual ground to CCFC!!!!!!!!,fans whatever ,ACL remain their own entity ,£40m. should do it .Didn't the Higgs trust put in about 20% of the money but ended up with 50% of the shares?
They seem to have done the best out of all the parties.
I hope that this is helpful:
The Club never owned the gas works land: they had an option to buy it. They owned a company called Arena 2000. They hadn't any money to exercise the option on the land. The Council did a deal with Tesco which enabled them to buy the land when the Club couldn't and Arena 2000 effectively ceased to exist and a new partnership was formed: ACL. . Arena 2000/CCFC had no money to develop the Arena and it was after a tense meeting of the full Council in October 2003 that the building of the Arena was made safe with ACL as the leaseholder. Not only did the Club not have the money to be a part of the development of the Arena but they had no money to continue to operate as a football club. They sold their shares in ACL so that they wouldn't go into administration. They have an option to buy back those shares. The loan of £21m was not build the Arena. It was to fund an advance payment of rent by ACL.
"I'd also say that our squad this season is better. It’s of more value.
http://www.dailymail.co.uk/sport/fo...he-solution-financial-woe-Kissing-frogs.html?
'We will lose considerably less this season than we have done in past seasons. The turnaround has started.
'We had an awful lot of players out of contract in June. There is an opportunity to reduce your cost base. But we had such a low asset value in our squad – with them being out of contract – that when players re-signed, this was increased as well.
'What the owners can see is that losses are reducing on a monthly basis and that the assets have grown in value by several million.
'I would hope we would reduce our losses by 40 per cent. We have increased our asset value by similar. This has persuaded the owner to continue the path we are going down.
Thought i would post the full interview so you can see it was given last week before the forest game and the satsuma claims we are still losing 500k a month????????? I am guessing that is because of all the loans and mortgages taken out by Sisu?
I hope that this is helpful:
The Club never owned the gas works land: they had an option to buy it. They owned a company called Arena 2000. They hadn't any money to exercise the option on the land. The Council did a deal with Tesco which enabled them to buy the land when the Club couldn't and Arena 2000 effectively ceased to exist and a new partnership was formed: ACL. . Arena 2000/CCFC had no money to develop the Arena and it was after a tense meeting of the full Council in October 2003 that the building of the Arena was made safe with ACL as the leaseholder. Not only did the Club not have the money to be a part of the development of the Arena but they had no money to continue to operate as a football club. They sold their shares in ACL so that they wouldn't go into administration. They have an option to buy back those shares. The loan of £21m was not build the Arena. It was to fund an advance payment of rent by ACL.
OK, lets just sit back and watch SISU cripple our club :facepalm:
Your party the reason why this club is a mess, no back bone and just sit back and let SISU carry on doing a wonderful job of wrecking this. Look at the bigger picture. SISU want out, sooner or later they will give up, if us the fans protest and its affecting SISU then they will finally give up.
Im sure a few will pop up including hoffman, keys and co. Its safe to say, Hoffman would attract better investment with his contacts then red ken and the muppets at SISU who is a hedgefund and only have one interest. There back pocket. Not CCFC. You carry on trying to belittle fans who want something doing. Im going down along with others for the Millwall game to tell SISU what we think and then support the lads. You should try and do the same.
I'm sorry what a load of bull s hit. Sisu have not got a pot to pi ss in. The parent company has returned losses the last two years, they have also got loans against ryton and future season tickets. So to say that they have the money for half the stadium is the biggest joke I have heard for a long time. They don't even have money to fund one loan signing.
Khaki Ken...
He claims that our squad is more "valuable" than last seasons. The man is a complete moron.
By the sounds of it he has no plan of action at all to get us out of this mess.
Clueless idiots - SISU OUT!
In the interview, Dulieu also discusses:
* How the role of being the Sky Blues chairman has aged him....................you sure its not all that sun in the algarve doing that ken??
* Offers no guarantees that SISU will keep footing City's bills.....................they are using loans based on next 2 years season ticket sales to do this so sisu are not infact spending their own money on this.
* Claims that he was left a "horrible legacy" of out-of-contract players, a £30m debt and loathed owners.............well if sisu had let the current board offer decent contracts in the 1st place we would not have been in that position, plus 90% of those out of contract players were deemed surplus to requirements by our manager anyway so would not have been kept.
* Insists that he's striving to cut the club's losses by 40 per cent........................spending 25 days a month on a beach in portugal.
* In his spare time, he continues to look for outside investment for the club...........................while he is topping up his tan on the beech.
* Calls for the fans to be patient during these tough times.........................patience wears thin when constantly lied to for 2 or more years.
* Is adamant that SISU remains the club's only "fairy godmother".............................bullshit, there is a consortium waiting in the wings.
* Refuses to meet Gary Hoffman for takeover talks again until the club's former vice-chairman shows proof of funding........................which he has.
change the record ken ur getting boring now.
I wrote to the telegraph a couple of weeks ago to see if they would do an article on how we got in this mess regarding the stadium,as i think age and youth have blurred things ,hoping we could convince fans to stop beating the club up when talking about the right to seek purchase of the stadium,as an adendum ,i suggetsted the question worth asking sisu was "have they had ,or plan to have meetings with the council,wonder if they passed it on as too politicalDoing a late-night catch-up as haven't been able to get on much today...nice one Brinner, you saved me from typing something like that myself! Agree with all your *'s; this latest interview is really rubbing salt into the wounds. Crap paper to do it with, to. I take solace from the fact that the majority of fans seem to be capable of seeing it for the illusionary spin that it is. AKA bullshit
I clocked it ,thought you might have had a glass or twoEdited your post due to an error in my quote, Wingy :facepalm:
I originally credited the wrong person with the post I quoted.
I clocked it ,thought you might have had a glass or twoOSB should be back tommorow i think .be good to hear his reasoned approach to it all.
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