Are there any Implications If we start the season without the Liquidations being complete?
If the court decides that CCC did jeapordise / undermine CCFC (or SISU as CCFC owners), i.e. uphold the JR by finding in SISU's favour, then SISU as the winning party could claim damages, as is common in civil law. They would have to show how their business suffered by being "forced" to move to Northampton. So if SISU show it cost £5m in lost revenues this year, that mightget awarded damages. Rather than take a financial hit when they have council services to preserve in an age of austerity, the council could choose to give SISU the Ricoh in lieu of payment. SISU of course would gladly accept.
Only sisu themselves forced our move to the cabbage patch. CCC/ACL have done nothing to cause CCFC/sisu to lose
money.The rent they charged may have been to high, but was a figure agreed by previous owners of CCFC,and was
not challenged by sisu before they bought the Club. On the other hand they deliberately stopped paying the rent
in what appears to have been a deliberate attempt to get themselves thrown out of the Ricoh. Fortunately that DID
NOT happen and they walked away of their own volition.
I therefore fail to see how sisu could possibly have any claim on CCC/ACL for damages.On the other hand CCC/ACL
may well have a claim for loss of earnings.
Only sisu themselves forced our move to the cabbage patch. CCC/ACL have done nothing to cause CCFC/sisu to lose
money.The rent they charged may have been to high, but was a figure agreed by previous owners of CCFC,and was
not challenged by sisu before they bought the Club. On the other hand they deliberately stopped paying the rent
in what appears to have been a deliberate attempt to get themselves thrown out of the Ricoh. Fortunately that DID
NOT happen and they walked away of their own volition.
I therefore fail to see how sisu could possibly have any claim on CCC/ACL for damages.On the other hand CCC/ACL
may well have a claim for loss of earnings.
Well I hate to disappoint you but I have heard whispers that the judicial review will show the council and ACL in a less than positive light.
Well I hate to disappoint you but I have heard whispers that the judicial review will show the council and ACL in a less than positive light.
I suggest you try new batteries in your hearing aid because you obviously heard the whispers incorrectly.
Well I hate to disappoint you but I have heard whispers that the judicial review will show the council and ACL in a less than positive light.
No I most certainly have not. June will be interesting.
but june won't be a definite answer will it?
No I most certainly have not. June will be interesting.
So, in around 8 weeks time the season is over. Time to evaluate what is going to happen to the club next season. Will there be any future and if so where will the club be playing?
Despite all the chest thumping, finger wagging and moral high ground some things are a safe bet;
- sisu do not care about the losses they are incurring. Many of the rabid, extreme end of this forum claim only 700 pay anyway. If that's the case losses are catastrophic . What is certain is they will not return unless on their terms.
- a fans forum on the clubs finances will have no impact. May give some financial experts a forum to interpret accounts but we all know the accounts defy any financial logic.
- despite the endless threads on ACL and the Ricoh no one can judge long term success until at least 5 years without a tenant. They seem now to have very few concerts, history tells us any stadium outside of London will struggle to survive and indeed what is the point of a stadium without a tenant.
The absurdity will grow with every vacant season.
Anyway, where will we be next season?
My personal belief is that sisu have made a financial evaluation and decreed that potential benefits of a successful judicial review are worth maintaining the club and supporting losses. The new ground is obviously a smokescreen.
My belief is if the review goes badly they will liquidate having the defence that the review and its costs have crippled them.
If they win we will remain at Sixfields while they embark on a litigation action for damages against the council, again I see this ultimately ending unsuccessfully though I want it to succeed.
So I conclude the club is living on borrowed time. A successful JR in their favour could get a return as it could fold ACL due to heavy litigation but even this is a long shot.
Sisu aren't that successful in court so I see defeat and I see liquidation. No one wins. An empty stadium with a management company purely existing on non stadium events and the club dead and buried.
The seasons end will almost certainly mean the game is over.
Well as I doubt you know what the judge will say, the only whispers you can hear is what Sisus case is. Which will obviously show them in a bad light. That's kind of the point.
If you've got info share it with us and enlighten us, but considering your posting history I seriously doubt that.
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