The fact that PHIV has already met with ACL and is headed by Hoffman and Elliott makes him the strongest contender.
Maybe the thinking is if any potential buyer has already agreed a deal to buy the Ricoh, fully or partly, then it'll make their purchase for CCFC Ltd stronger.
The fact that PHIV has already met with ACL and is headed by Hoffman and Elliott makes him the strongest contender, although Michael Byng was very confident of ownership.
I don't envy any potential buyer. The football league still has discretion on whether it returns the golden share to ltd or award it to Holdings.
This is not cut and dry.
Is upping his aunty legal?
The article mentions that SISU could make their bid stronger by writing off part of the debt currently owed to them, and then continuing in charge. This is what's going to happen, isn't it?
rest assured that any debt value SISU write off will soon be ran back up in management fees for building a new ground!I guess it depends on how far in the future we are looking. A short term view could be that removing some of the debt is attractive to making the football club more viable but the problem is always going to be the revenue streams. We need to be looking mid/long term now and that cannot surely be with SISU. We have such a history of miss management of this club during their term that anything else surely looks a better long term option. Add to the fact that ACL and SISU are like a divorced couple hence no stadium negotiations it becomes a messy mix.
What if SISU write 30million off and build a stadium for 30million arrrgghhhh
He's 100% committed.
If I had to go to court and back a corner then it wouldn't be that holdings have any claim on the GS. That would set a new legal precedent and blow the league rule book to smithereens. Far more likely is that a price would have to be paid in line with the value of the assets being held in holdings and a smart bidder might well put an offer together that included a percentage buy out of the debt, an agreement on the Ricoh and a value taken from the last accounts for those assets held under the holdings banner. Pushing the legal point that ltd/holdings have traded as the same company and so now can't be dealt with separately
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