Rent Money owed to ACL rumour (1 Viewer)

ccfcway · May 30, 2014

so, are we to determine from that....

1) SISU stopped paying rent and ACL have clawed back £300k of the missing rent from those two.?
2) The club have been instructed to pay £590,000 to ACL by the end of this month to cover the unpaid rent as a condition of competing in the Football League (today) ?

Bennets Afro · May 30, 2014

Nice one simon. Thanks for asking the question

chiefdave · May 30, 2014

ccfcway said:
so, are we to determine from that....

1) SISU stopped paying rent and ACL have clawed back £300k of the missing rent from those two.?
2) The club have been instructed to pay £590,000 to ACL by the end of this month to cover the unpaid rent as a condition of competing in the Football League (today) ?

Appleton would, or at least should, have known the balance of what was owned to ACL and made the CVA offer accordingly so I can't see this impacting on what is owed by the end of the month.

ccfcway · May 30, 2014

ccfcway said:
so, are we to determine from that....

1) SISU stopped paying rent and ACL have clawed back £300k of the missing rent from those two.?
2) The club have been instructed to pay £590,000 to ACL by the end of this month to cover the unpaid rent as a condition of competing in the Football League (today) ?

EDIT, it was the club that stopped paying the rent, not SISU

ccfcway · May 30, 2014

chiefdave said:
Appleton would, or at least should, have known the balance of what was owned to ACL and made the CVA offer accordingly so I can't see this impacting on what is owed by the end of the month.

so, does that mean they own £290k today ,or £590k today ?

ccfcway · May 30, 2014

Are we sure neither of these is Joy ?

skybluetony176 · May 30, 2014

ccfcway said:
so, does that mean they own £290k today ,or £590k today ?

the 2 are not connected. what MM & GR have paid was for loss of earnings not loss of rental income as per an arrangement between ACL and them personaly. the £590K is what the FL have insisted that otium pay ACL as part of their arrangement for issuing the Golden share to otium.

chiefdave · May 30, 2014

ccfcway said:
so, does that mean they own £290k today ,or £590k today ?

£590K I would think. In any case the payment the FL isn't strictly speaking the rent is it? Just happens that they stated a payment must be made that is the same amount as in the CVA.

Grendel · May 30, 2014

chiefdave said:
Appleton would, or at least should, have known the balance of what was owned to ACL and made the CVA offer accordingly so I can't see this impacting on what is owed by the end of the month.

Once the CVA was rejected nothing was technically owed it was a condition imposed on the club the the league. The real question of course is did Appleton know about the payment when the initial figure was calculated.

skybluetony176 · May 30, 2014

ccfcway said:
Are we sure neither of these is Joy ?

more like miserable

chiefdave · May 30, 2014

Grendel said:
Once the CVA was rejected nothing was technically owed it was a condition imposed on the club the the league. The real question of course is did Appleton know about the payment when the initial figure was calculated.

If he didn't I think SISU will be having a word with him!

ccfcway · May 30, 2014

so when the club withheld the rent, they knew that ACL wouldnt chase them for it, they could chase these two ?

Grendel · May 30, 2014

chiefdave said:
If he didn't I think SISU will be having a word with him!

Have ACL a good reason to reject the CVA - they were getting money via the back door anyway. Wonder why when Peter likes keeping the fans informed didn't mention this? Perhaps he forgot.

Grendel · May 30, 2014

ccfcway said:
so when the club withheld the rent, they knew that ACL wouldnt chase them for it, they could chase these two ?

They did chase the club - hence the administration action.

skybluetony176 · May 30, 2014

ccfcway said:
so when the club withheld the rent, they knew that ACL wouldnt chase them for it, they could chase these two ?

i think (and someone correct me if i'm wrong) ACl were chasing it, hence sisu called a debt in that they owed to themselves putting Ltd into admin.

ccfcway · May 30, 2014

Grendel said:
They did chase the club - hence the administration action.

so, CCFC withhold rent, ACL chase CCFC, CCFC go into admin due to unpaid rent, ACL reject admin CVA, ACL claim loss of earnings off these two ?

that right ?

Grendel · May 30, 2014

skybluetony176 said:
i think (and someone correct me if i'm wrong) ACl were chasing it, hence sisu called a debt in that they owed to themselves putting Ltd into admin.

No tony ACL commenced administration proceedings first as you know.

Grendel · May 30, 2014

ccfcway said:
so, CCFC withhold rent, ACL chase CCFC, CCFC go into admin due to unpaid rent, ACL reject admin CVA, ACL claim loss of earnings off these two ?

that right ?

No totally wrong

skybluetony176 · May 30, 2014

ccfcway said:
so, CCFC withhold rent, ACL chase CCFC, CCFC go into admin due to unpaid rent, ACL reject admin CVA, ACL claim loss of earnings off these two ?

that right ?

not quite, CCFC ltd went into admin for a different debt from the rent, it just so happend that the rent dept was owed by Ltd

skybluetony176 · May 30, 2014

Grendel said:
No tony ACL commenced administration proceedings first as you know.

yes i know and as you know they were too late as sisu got in there first so the ACL process was never concluded.

hence sisu appointed Mr Appleton.

Grendel · May 30, 2014

skybluetony176 said:
yes i know and as you know they were too late as sisu got in there first so the ACL process was never concluded.

hence sisu appointed Mr Appleton.

No the club went into administration only because of the action started by ACL.

skybluetony176 · May 30, 2014

Grendel said:
No the club went into administration only because of the action started by ACL.

How do you work that out?

mattylad · May 30, 2014

Grendel said:
Have ACL a good reason to reject the CVA - they were getting money via the back door anyway. Wonder why when Peter likes keeping the fans informed didn't mention this? Perhaps he forgot.

Its hardly a back door when its written in a contract is it. :facepalm:

skybluetony176 · May 30, 2014

Grendel said:
No the club went into administration only because of the action started by ACL.

skybluetony176 said:
How do you work that out?

have you lost internet access grendull or is your silence proof of more estimated facts?

stupot07 · May 30, 2014

skybluetony176 said:
the 2 are not connected. what MM & GR have paid was for loss of earnings not loss of rental income as per an arrangement between ACL and them personaly. the £590K is what the FL have insisted that otium pay ACL as part of their arrangement for issuing the Golden share to otium.

are you for real? Of course they are connected what ever the terminology they used

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

skybluetony176 · May 30, 2014

stupot07 said:
are you for real? Of course they are connected what ever the terminology they used

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

How?

martcov · May 30, 2014

Grendel said:
Would be happy as a tenant in a pub that couldn't claim any revenue from the people it attracted in? Also id check who is responsible for those updated. Club has to pay ground maintenance as part of those management charges.

Its a shit deal. Don't pretend otherwise.

We don't know what the deal is yet. The Poker game is still going on. There is a difference between maintenance, and rebuilding or adapting tp whatever conditions apply in 30 to 40 years time. If you had maintained the West Stand from the sixties onwards, it wouldn't have made any difference in 2005 at the Ricoh.

No future with SISU · May 30, 2014

Grendel said:
No the club went into administration only because of the action started by ACL.

No the club went into administration because SISU failed to pay the rent. When ACL went after them they could have done a deal and no Adminstration would have happened, as SISU appointed Mr Appleton it means they put CCFC into adminstration, as that is the only way you can put your guy in charge of the adminstration. So you are wrong Grendel.

No future with SISU · May 30, 2014

Grendel said:
No the club went into administration only because of the action started by ACL.

ACL could have gone to the courts to get the debt paid, but Joy was hinting about send the club bust. So ACL decided the courts would have been a waste of time.

Grendel · May 30, 2014

No future with SISU said:
No the club went into administration because SISU failed to pay the rent. When ACL went after them they could have done a deal and no Adminstration would have happened, as SISU appointed Mr Appleton it means they put CCFC into adminstration, as that is the only way you can put your guy in charge of the adminstration. So you are wrong Grendel.

No future with SISU said:
ACL could have gone to the courts to get the debt paid, but Joy was hinting about send the club bust. So ACL decided the courts would have been a waste of time.

skybluetony176 said:
have you lost internet access grendull or is your silence proof of more estimated facts?

Seriously the amount of bullshit on here and denial is hilarious.

The club was issued with the order by ACL and Guilfoyle was lined up as administrator. The only reason the club was put in administration by its creditors was to ensure they got Appleton.

Denial is tiresome and pointless.

skybluetony176 · May 30, 2014

Grendel said:
Seriously the amount of bullshit on here and denial is hilarious.

The club was issued with the order by ACL and Guilfoyle was lined up as administrator. The only reason the club was put in administration by its creditors was to ensure they got Appleton.

Denial is tiresome and pointless.

had it got as far as issued? surely if it had ACL would have been incharge of the Admin process and not Sisu.

Ian1779 · May 30, 2014

ACL had decided on their preferred administrator, he was on CWR a couple of days before. SISU beat them to the punch by putting Ltd into admin - that's when they chose Appleton.

skybluetony176 · May 30, 2014

Ian1779 said:
ACL had decided on their preferred administrator, he was on CWR a couple of days before. SISU beat them to the punch by putting Ltd into admin - that's when they chose Appleton.

Lets face it Ian. CCFC Ltd was always going to end up in administration the moment the rent stop being paid. If it wasn't why didn't sisu agree a settlement on rent owed and a new rental contract to move forward with. why did they put themselves in admin and controll the process process by appointing Appleton. And then even more telling, who benifited from the admin process? it wasn't the club, otherwise we would be debt free would we not? it wasn't ACL because we know now that they stand to recover their loses anyway through what otium have to pay them in return for the Golden share (assuming that does get paid), from the escrow account and as we've learned today from MM and GR. so aside from PA (who's always going to benefit from administration as thats his job) who else benefitted?

someone has to benefit otherwise there is no point in the administration.

Godiva · May 30, 2014

skybluetony176 said:
Lets face it Ian. CCFC Ltd was always going to end up in administration the moment the rent stop being paid. If it wasn't why didn't sisu agree a settlement on rent owed and a new rental contract to move forward with. why did they put themselves in admin and controll the process process by appointing Appleton. And then even more telling, who benifited from the admin process? it wasn't the club, otherwise we would be debt free would we not? it wasn't ACL because we know now that they stand to recover their loses anyway through what otium have to pay them in return for the Golden share (assuming that does get paid), from the escrow account and as we've learned today from MM and GR. so aside from PA (who's always going to benefit from administration as thats his job) who else benefitted?

someone has to benefit otherwise there is no point in the administration.

Yes - the club benefitted by being released from the 42yr lease. A quite heavy burden - 42 times £1.2m.

Astute · May 30, 2014

Grendel said:
No the club went into administration only because of the action started by ACL.

And nothing to do with SISU wanting out of the rental agreement or not paying rent?

Rent Money owed to ACL rumour (1 Viewer)

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