We never will get back until ACL are bankrupt. The sooner the better.
North Coventry holdings are half of ACL.ACL go bankrupt the lease reverts back to North Coventry Holdings ltd, how will that get us back to the Ricoh, you are talking rubbish as normal.
ACL go bankrupt the lease reverts back to North Coventry Holdings ltd, how will that get us back to the Ricoh, you are talking rubbish as normal.
I think it would revert to the council.
And they would lease it to the council? Ok then
I think he means the lease would go back to them and would be open to lease out again?
Yes i know. I'm saying do you think the council would lease it out in any shape or form to sisu?
I doubt it from whats gone on. Ccfc left in limbo
I'd just like to point out I have never made tea for Alan Poole.
We have a hot drink vending machine
You got the name wrong, only a 33.3% right which is good for you.
It would be placed in the hands of an administrator. I assume they would have to accept the best bid wouldn't they - being responsible to the taxpayer and all.
No Evening?
It would be placed in the hands of an administrator. I assume they would have to accept the best bid wouldn't they - being responsible to the taxpayer and all.
why they only hold a lease they do not hold freehold council do so it would go back to them to do as they want with it
Lmfao !!
I am once lost for words !
The Contract states that if the Football Club fails to pay its rent that MM & GR were garantours for £500k with effect of ACL calling it inThe FL have said £590k needs to be paid for one thing.
MM & GR have paid £300k for something.
The argument is whether the one thing is the same as the something, or whether the something is for something else.
Which is one of the key points of the JR.
CCC had received the £21million up front for the 50 year lease from ACL, at the time of the CCC loan to ACL it was generally valued(even by themselves) as worth less than the amount being loaned.
Think that the Sisu QC case was that ACL should have been allowed to go into admistration/liquidation and then appoint a new leaseholder, who would also pay them for that lease.
For value to taxpayers getting paid twice for the same lease would have to be considered pretty good I'd have thought.
North Coventry holdings are half of ACL.
The Contract states that if the Football Club fails to pay its rent that MM & GR were garantours for £500k with effect of ACL calling it in
so they have negotiated with MM & GR a £300 k settlement so in effect they have written off £200k at a stroke So CCFC do not Owe
£590k only £90K which is with the football league awaiting a decision
The Contract states that if the Football Club fails to pay its rent that MM & GR were garantours for £500k with effect of ACL calling it in
so they have negotiated with MM & GR a £300 k settlement so in effect they have written off £200k at a stroke So CCFC do not Owe
£590k only £90K which is with the football league awaiting a decision
The contract also states the club will keep the escrow account topped up.
Not sure anyone's following the contract here.
The Contract states that if the Football Club fails to pay its rent that MM & GR were garantours for £500k with effect of ACL calling it in
so they have negotiated with MM & GR a £300 k settlement so in effect they have written off £200k at a stroke So CCFC do not Owe
£590k only £90K which is with the football league awaiting a decision
Why do you even care about ACL?
Why do you care about SISU because they don't give a fuck about our football club or us.
I don't think anybody does do they?
Reading recent posts on here I doubt that very much.
Why do you care about SISU because they don't give a fuck about our football club or us.
I don't think anybody does do they?
I care about SISU as much as I care about ACL. Do you believe that ACL care about us and the club?
CCC built us a place to play. Yes the rent was set too high to start with. Anyone that don't get that bit will have an IQ of -1. But it had to happen that way because of the previous chairmen fucked up so much. There is no way that CCC could fund our club. But some seem to think they should have.
I agree that I can be seen as total anti SISU and on the side of ACL as I point out faults with what SISU are doing to our football club. You can be seen as anti ACL and on the side of SISU as you like to point out faults with ACL.
I think he means the lease would go back to them and would be open to lease out again?
Would they have to offer the lease for sale? Couldn't they just bring in a management company to run it for them. They could even setup their own management company, there would conveniently be all ACLs staff looking for jobs, they could create a new company, employ the same people, and keep going without offering the lease to anyone. Would that fall foul of any laws?
If they did offer the lease for sale who's to say SISU will be the only bidder? If AEG are as keen to get into the area as ML keeps saying wouldn't they bid directly, they wouldn't have to pay SISU a share of any profit then.
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