kingharvest
New Member
The SCG held a teleconference with Tim Fisher this evening, with the discussion summarised as follows:
• TF updated us on the current situation regarding the rent dispute - SISU remain totally committed to doing a deal.
• The sticking point is not the rent itself, which was agreed at the well-publicised £400k - However the access to revenues hasn't been agreed
• ACL are reluctant to provide the numbers on food and beverage - SISU need to understand these numbers in order for things to progress
• There is also a disagreement about the length of the lease - it currently stands at 49 years with no break clauses. CCFC would clearly be much more comfortable with break clauses in the lease going forward
• TF has requested mediation, but has heard nothing back as yet from the Council/ACL
• TF advised that figures quoted by the Council/ACL (net rent £150k) are misleading
• TF advised that current business rates are also extremely excessive
• TF welcomes the offer of rent at £400k, but stressed the importance of gaining access to Food and Beverage Revenue which is essential to arrive at workable salary cap, given Financial Fair Play rules
• ACL/Council have exercised a statutory demand and frozen the clubs accounts - This puts the club under enormous pressure and risk which they are managing
• They have put in place structures to pay salaries and PAYE, but clearly it is not a good place to be
• The council say it isn’t a winding up order it’s only a 3rd party debt order, but it puts the club under significant strain
• Moving onto the rumours of a new stadium, this is only 1 option of many that been initially explored - However, and TF was quite clear on this, the club do not want to leave the Ricoh. But they need to do a deal that suits both parties
• In addition, a new stadium is something that takes years to sort out so it’s not something the fans need to even really consider right now
• TF Stated with regard to purchasing half the stadium – Heads of Terms were agreed with the Higgs Trust but the Council vetoed the deal
• Recruitment of a new manager – 36 quality CVs received, and aiming to filter to shortlist of 4 or 5 this week, with final stage interviews and negotiations happening early next week
• TF re-stated Sisu’s determination and commitment to secure a sustainable future for CCFC, whilst stressing the gravity of the current situation and the need for a resolution.
He asked the fans to continue to get behind the team and to try not to let everything else distract from what could still be a really successful season
• TF updated us on the current situation regarding the rent dispute - SISU remain totally committed to doing a deal.
• The sticking point is not the rent itself, which was agreed at the well-publicised £400k - However the access to revenues hasn't been agreed
• ACL are reluctant to provide the numbers on food and beverage - SISU need to understand these numbers in order for things to progress
• There is also a disagreement about the length of the lease - it currently stands at 49 years with no break clauses. CCFC would clearly be much more comfortable with break clauses in the lease going forward
• TF has requested mediation, but has heard nothing back as yet from the Council/ACL
• TF advised that figures quoted by the Council/ACL (net rent £150k) are misleading
• TF advised that current business rates are also extremely excessive
• TF welcomes the offer of rent at £400k, but stressed the importance of gaining access to Food and Beverage Revenue which is essential to arrive at workable salary cap, given Financial Fair Play rules
• ACL/Council have exercised a statutory demand and frozen the clubs accounts - This puts the club under enormous pressure and risk which they are managing
• They have put in place structures to pay salaries and PAYE, but clearly it is not a good place to be
• The council say it isn’t a winding up order it’s only a 3rd party debt order, but it puts the club under significant strain
• Moving onto the rumours of a new stadium, this is only 1 option of many that been initially explored - However, and TF was quite clear on this, the club do not want to leave the Ricoh. But they need to do a deal that suits both parties
• In addition, a new stadium is something that takes years to sort out so it’s not something the fans need to even really consider right now
• TF Stated with regard to purchasing half the stadium – Heads of Terms were agreed with the Higgs Trust but the Council vetoed the deal
• Recruitment of a new manager – 36 quality CVs received, and aiming to filter to shortlist of 4 or 5 this week, with final stage interviews and negotiations happening early next week
• TF re-stated Sisu’s determination and commitment to secure a sustainable future for CCFC, whilst stressing the gravity of the current situation and the need for a resolution.
He asked the fans to continue to get behind the team and to try not to let everything else distract from what could still be a really successful season
Last edited:
