Maybe a stupid question but (1 Viewer)

Cigarfingers

Well-Known Member

• Mar 14, 2013

• #1

Once the administrators are called in they look for assets to sell to recover some cash and they also look for suitable buyers for the club. So whats to stop ACL from buying the club? Like i said,its probably gonna win stupid question of the week award but sod it ill ask it ask it came to mind earlier! :facepalm:

 

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CovFan

Well-Known Member

• Mar 14, 2013

• #2

Think it may be considered a conflict of interest if ACL would take advantage of the administration that they themselves put to the high court in the first place.


I stand to be corrected though.

 

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Bluegloucester

New Member

• Mar 14, 2013

• #3

They could buy the club, in theory, but as CCC own 50% it is not going to happen. Not a good use of taxpayers' money.

 

Flying Fokker

Well-Known Member

• Mar 14, 2013

• #4

Nothing. Sisu were likely to do that to acl.

 

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Bluegloucester

New Member

• Mar 14, 2013

• #5

ACL could put in a credit bid, but their % of the overall debt is minimal compared to what is owed to Arvo.

 

Cigarfingers

Well-Known Member

• Mar 14, 2013

• #6

But doesn't ACL make a profit every year as it is now so tying the local football club to it would put the football club back in ownership of the city and allow them to be in a stronger negotiating place with any prospective new owners

 

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Bluegloucester

New Member

• Mar 14, 2013

• #7

Here's an option ACL buy CCFC and offer the ACL group to a new investor. All nice and tidy.

 

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Bluegloucester

New Member

• Mar 14, 2013

• #8

Cigarfingers said:

But doesn't ACL make a profit every year as it is now so tying the local football club to it would put the football club back in ownership of the city and allow them to be in a stronger negotiating place with any prospective new owners

Click to expand...

Sorry, you got in first. Great minds.

 

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ggrady

New Member

• Mar 14, 2013

• #9

Would be a good solution I think

 

Cigarfingers

Well-Known Member

• Mar 14, 2013

• #10

Bluegloucester said:

Here's an option ACL buy CCFC and offer the ACL group to a new investor. All nice and tidy.

Click to expand...

My point exactly,it would really make it as it should be,all one. Cant see ACL wanting to take their finger out of the pie tho

 

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Bluegloucester

New Member

• Mar 14, 2013

• #11

I think the right buyer would tempt them. Higgs wants out and CCC want an investor to develop the surrounding area.