New stadium then they will rent it back to us.
Yes exactly; and what will the rent be? Higher than that being charge by ACL I'll wager.New stadium then they will rent it back to us.
I wonder how much Appletons been paid to approve them?
If Otium gets the approval from the FL on monday, does anyone else think that our current 60+ million debt will rise even more? The funds for the initial bid has to come from somewhere, either funds from the sisu group or an additional loan. Otium (Sisu) will want their money back at some point. It may go un-noticed at first, but at the next period for filling accounts, we could see a big increase.
in theory the 60 million should be wiped out
Not only will the debt just move across to otium but it will have been a great exercise for sisu because they will be able load holdings also with extra debt. just look at all the extra that will be added for legal eagles.
But what debt exactly? They took over with 30 mill debt. They invested nothing. Then stripped ccfc of all assets. Any player sold was worth 3 or 4 in. We are now break even. So they are owed nothing.
exactly. Why do you think the Otium bid was significantly higher than the rest. Higher costs mean more interest.
Are you really that simple?
I don't think SISU 'invested' as in injected capital for a sustainable return for the club in the long term, however, you can't argue against the fact that they have supported a club that has spent more than its earned since they took over. Where did the money come from if not from them?
TBF you NW and the rest are complete and utter fuckwits.
I hope you mean some other poster with those initials.
Sorry i assumed you were a Sisu rent boy :facepalm:
Septic and Fisher are a better double act than Seigfried and Roy......The £70m debt is here...now it's gone...it's over here...now it's gone.....it's over here but is now £120m...now it's gone... it's over here!!!!
In essence, the debt will always be there, only varying sizes to suit SISU's mood on any particular day.
no doubt in my mind that every single penny will still be payableIf Otium gets the approval from the FL on monday, does anyone else think that our current 60+ million debt will rise even more? The funds for the initial bid has to come from somewhere, either funds from the sisu group or an additional loan. Otium (Sisu) will want their money back at some point. It may go un-noticed at first, but at the next period for filling accounts, we could see a big increase.
they won the bid because they had the highest bid..
yet do they have that amount,i doubt it.
I could have bid £100m,did they have to prove they had the cash.
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