I would guess it has been paid.
I assumed that the outstanding "matters" was are SISU going to appeal or not.
yes, seems everybody assumes that.
But it could simply be clever and careful wording.
Why only focus on compass part? It's a joint venture with two parties. Surely ACL can do a deal with the club on their part?
I think SISU have underestimated ACL
I think SISU have underestimated CCC
I think SISU have underestimated the fans, who they though would follow them to Sixfeilds
I think SISU have underestimated the courts
So if that was the stumbling block you'd back ACL at the expense of never seeing the club in coventry again.
Brilliant
I only care about the club and couldn't give a fuck about ACL - you?
You do not care for the club, all you care about is the council getting done over by a hedge fund. You must have been gutted when the Judge let us all know how SISU operate, that is why their is NO FUTURE with them.
They came along because the club went bust due to the crazy rent deal.
They were bust when they left highfield road, it was all ready sold and they were paying £1.2m rent for it. The rent at the RICOH was not the reason they went bust, the JR report will show you that if you can read it. I know you are too busy working in your £100,000 job and then spending your spare time bulling on here to find the time to read it.
I want the club back at any cost to anyone else. You only have to look at the comment on here that many do not want that. Some are so stupid they would rather we did not get back unless SISU get shafted -- which then means the club is shafted - again.
Yes I mean you and your ilk.
They were not paying £1.2 million rent at Highfield Road -- this was equity release to a Private Company incurring penalties due to late surrender. They were paid to sell and were paying back on the equity at an increasing rate of interest.
The club were not bust at that point at all. The issue was that the costs of renting the stadium were as high as equity release from a company that had already paid them and the revenue was actually no greater and gradually got worse.
Simple economics;
Worst deal in the league for a rental arrangement = either an uncompetitive squad or financial ruin. We went for Option 2.
They were not paying £1.2 million rent at Highfield Road -- this was equity release to a Private Company incurring penalties due to late surrender. They were paid to sell and were paying back on the equity at an increasing rate of interest.
The club were not bust at that point at all. The issue was that the costs of renting the stadium were as high as equity release from a company that had already paid them and the revenue was actually no greater and gradually got worse.
Simple economics;
Worst deal in the league for a rental arrangement = either an uncompetitive squad or financial ruin. We went for Option 2.
They were in the champship when the deal was made. How long were SISU in charge before they complained?
They were not paying £1.2 million rent at Highfield Road -- this was equity release to a Private Company incurring penalties due to late surrender. They were paid to sell and were paying back on the equity at an increasing rate of interest.
The club were not bust at that point at all. The issue was that the costs of renting the stadium were as high as equity release from a company that had already paid them and the revenue was actually no greater and gradually got worse.
Simple economics;
Worst deal in the league for a rental arrangement = either an uncompetitive squad or financial ruin. We went for Option 2.
They were not paying £1.2 million rent at Highfield Road -- this was equity release to a Private Company incurring penalties due to late surrender. They were paid to sell and were paying back on the equity at an increasing rate of interest.
The club were not bust at that point at all. The issue was that the costs of renting the stadium were as high as equity release from a company that had already paid them and the revenue was actually no greater and gradually got worse.
Simple economics;
Worst deal in the league for a rental arrangement = either an uncompetitive squad or financial ruin. We went for Option 2.
so it was the 3 years paying £1.4 million (4.2 million) that put us into admin ?
They came along because the club went bust due to the crazy rent deal.
Lol !!
Are you for real ?
Oh so plunging to administration for the first time in our history had nothing to do with not owning the stadium and needing 22,500 paying adults at full ticket prices with a wage bill which was only average on the league we were in?
Please explain.
They were not paying £1.2 million rent at Highfield Road -- this was equity release to a Private Company incurring penalties due to late surrender. They were paid to sell and were paying back on the equity at an increasing rate of interest.
The club were not bust at that point at all. The issue was that the costs of renting the stadium were as high as equity release from a company that had already paid them and the revenue was actually no greater and gradually got worse.
Simple economics;
Worst deal in the league for a rental arrangement = either an uncompetitive squad or financial ruin. We went for Option 2.
So Grendel if a crazy rental deal of 1.2 million a year sent ccfc bust. How long before ccfc go bust again paying Arvo 1.8 million a year in interest alone ?
Simple economics !!!
I know you won't answer the Arvo interest question because it blows your whole rental council argument out of the water !!!
At least we know where the CW money has gone !!
Has ARVO received any money?
If you're trying to argue it's of a lower significance because the cash hasn't changed hands (as it's not there) - why bother invoicing then?
They haven't then, ok thanks.
Has ARVO received any money?
If you can't debate the point; don't raise it. Otherwise it makes you look ill-educated.
Again....
I'd rather look ill educated than a pompous muppet.
Regards to your question. I have no idea why they'd invoice it, maybe they're hoping Bernie Ecclestone wants to spend his billions on a football club that doesn't own its own stadium and plays 35 miles away from where it's supposed to. Then they can get hold of their interest charges. Tbh I'm losing the will to live reading about all this crap. We've got a game tomorrow, I'll be happy to debate with you about football, someting I know a little bit more about
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