More than a little concerned (2 Viewers)

Warwickhunt said:

Looking at the accounts the tax man may force their hand

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How?

Nick said:

How?

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It looks like we are holding back on paying it! Or am I misreading it?

Nick said:

I think osb has disproved that in the past.

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Cheers. Had missed it.

I'm going back to "theyre doing it out of spite" for my leading theory on why theyre still here then.

davebart said:

Nothing upsets a landlord more than their tenant not paying their rent. It was always likely the landlord would want to deal with anyone else at all, even another Hedge Fund, than a defaulting tenant.

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That doesn't explain the council's attitude to the club owning the Ricoh pre-SISU.

skybluetony176 said:

If they are writing down the losses wouldn't adding interest at a a high rate to the debt every year make that a pointless exercise?

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I think I'm right in saying the original 'investment' was by funds managed by SISU. The loans are made by AVRO. The interest on the loans may not be anything they think they will get back but it ensures they are in the driving seat should we be put into administration again.

davebart said:

I try to imagine what SISU think about owning CCFC. It must be taking up an inordinate amount of their time for zero benefit.

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They probably don't think about it. They've told Fisher it has to be self sustaining so its just sat there not costing them anything and they can hang around for years. From what we are led to believe Fisher and Venus aren't seen that often either.