O
Who says the lease has been dissolved?
Limited are in administration so all contracts one assumed are now void. ACL are a minor creditor who will get nothing. Still Don thinks they played a blinder. Some would say they were just blind.
Limited are in administration so all contracts one assumed are now void. ACL are a minor creditor who will get nothing. Still Don thinks they played a blinder. Some would say they were just blind.
CCFC Ltd is not being liquidated, so the lease remains.
Playing a blinder ! Are they ? They still have no ground, they still have expenses that vastly exceed income week on week, month on month. They have commitments to find, a million pound bond to the FA and that escrow account to replace. Rent to pay for a ground where ever that is, administrator bill to pay to boot. Perhaps it is ACL and the American who have played blinders as yet niether are out of pocket and it looks like ACL will be getting their owed rent paid in full, sounds feckin' expensive to me for the bid "winners"
Just to be clear here, neither the lease nor any other contracts are void. CCFC Ltd is not being liquidated, so the lease remains.
See what you are saying norman coild that mean even if sisu found a ground to share are they stuck with a £43 million pound contract for the Ricoh.
The millstone just gets heavier.
I'm no expert, but surely if administration dissolved all contracts then every time a club goes bust would the players not all leave for free?
SISU are playing a blinder what?
One day they will go, even if it means liquidising the club.
Administration does not dissolve contracts ... liquidation does.
So what sisu do next with Ltd will be interesting.
Well sorry to disappoint you but go onto CWR and listen to the football finance expert Professor Beech on about 6, who said that he believed the Football League will allow them to take over ltd because they have satisfied ALL creditors IN FULL, which will include ACL .I wanted to give you the benefit if the doubt but your just an idiot aren't you? When you say ACL will get the rent paid in full I assume your "contacts" must have given you a copy of the administrators report regarding the recommended bidder. My suspicion is that what it says is the main creditor will be paid x and minor creditor (ACL) absolutely nothing. Also the lease now is void. Now I'll prepared to be corrected if for once you prove otherwise but up to now you've been more mystic Nigel than mystic meg. Also you had a real go at me when I said sisu will be back as the preferred bidder and said I'd eat my words.
Time to choke on yours.
Administration does not dissolve contracts ... liquidation does.
The best part of you rolled down your mothers leg.
Listen to the link I posted above to duffer. It's 7:20 in.
I wanted to give you the benefit if the doubt but your just an idiot aren't you? When you say ACL will get the rent paid in full I assume your "contacts" must have given you a copy of the administrators report regarding the recommended bidder. My suspicion is that what it says is the main creditor will be paid x and minor creditor (ACL) absolutely nothing. Also the lease now is void. Now I'll prepared to be corrected if for once you prove otherwise but up to now you've been more mystic Nigel than mystic meg. Also you had a real go at me when I said sisu will be back as the preferred bidder and said I'd eat my words.
Time to choke on yours.
Who gives a fuck who will we have to play for us next year a weaker team then this year we are going to struggle;e if we get relegated the club will be worth fuck all won't be able to give it awy No Assets no players no hope
Where do you get that from shithead. Been said a thousand times by Fisher including at forums recently all contracts are in Holdings, Holdings were not in administration so any contract in there still apply, don't they ?. Also the lease now is void.
How can you be sure about that - I have for many weeks asked questions to the meaning if the lease could be broken by liquidation. Nobody has answered.
Then at Mondays fourm Fisher told us .... well listen for yourself.
http://www.youtube.com/watch?v=cJsRwAVUFmU
It's at 07:20 just before the forum ends.
Correct and they will have to put that half million back into the escrow account, then there could be the £480000 nicked from the Academy grant off the FAACL will be paid £650k - the total debt owed to them. This way sisu make sure no football creditor suffer a direct loss. It's paramount for FL to hand back the GS to sisu.
Correct and they will have to put that half million back into the escrow account, then there could be the £480000 nicked from the Academy grant off the FA
.
That millstone seems to get heavier and heavier
And you imagine that if this happens the the revenue streams will benefit the club :facepalm:I still think we will end up at the Ricoh, but it will be on terms favourable to SISU, including the vital revenue streams. If the academy gets downgraded it can always be upgraded again. This is about getting the club into the ideal strategic position. Playing hard ball with ACL, Higgs & CCC. Getting things set up to suit CCFC at which point I would imagine(and hope) they will exit.
Well sorry to disappoint you but go onto CWR and listen to the football finance expert Professor Beech on about 6, who said that he believed the Football League will allow them to take over ltd because they have satisfied ALL creditors IN FULL, which will include ACL .
You are a grade A cretin Grendel, who sounds almost ecstatic at these latest developments.
The best part of you rolled down your mothers leg.
But you are wrong regards contracts being null and void, just a hopefull guess. Like i said, you are a cretin and the best part of you ran down your old lady's leg. I suggest you get the DNA off her slipper and try and identify your dadYou keep posting rumours and conjecture that imply you know things about takeovers. You claimed the football league will never approve SISU under your pitiful fit and proper interpretation.
At one forum if you'd bothered to listen Fisher pretty much declared the real debt to ACL and what will be paid back.
Your childish insults mean nothing - as much as your ridiculous "inside" knowledge of future takeovers which raise hopes of fans.
I know what you are. Accept it.
What is the actual law about these things (in idiots terms rather than a link if possible) ?
Anybody worked out what the point of all this has been if there's still 43 years at £1.3mil a year to be invoiced?
The same as happened to that gremlin in the film
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?