The old division 3. Who knows where we would be without them, if we were to still exist even.
Real,what league have this shower of shit dumped us in?
Right - SISU are not buying part of the Ricoh, they want too but the council will block them. The only reason they bought the club on the cheap was to get their hands on the Ricoh as its a goldmine.
To buy the Higgs Shares you must own the club, this was a clause in the Higgs buying out the club shares - this then protects the club from being kicked out of the arena by someone that just wants the stadium.
What people don't relise is that none of the profits made by the Ricoh goes to the shareholders until the mortgage that ACL took out to help build the place is paid off - even if SISU bought half 2moro they still wouldn't get any of the revenue generated!!!
The old division 3. Who knows where we would be without them, if we were to still exist even.
Omg,wake up man.
Some of us do realise the last point as OSB has been making it for some time. Fisher this morning was talking about getting hold of some of the match day revenues "to put on the pitch". I have some difficulty squaring that with the Higgs negotiations because as I understand it that would not provide the revenues. There must be a third stream of negotiations taking place (1 being rent, 2 being buying Higgs trust shares in ACL & 3 being match day revenues). I think there is a lot going on behind the scenes that we're not hearing about.
It's amazing isnt it rich,some people think its sisu forever. So if sisu walked away writing their losses off effectively making us debt free,nobody would be willing to take the club over? It's laughable.
Think TF was alluding to the turnover aspect of being able to include aspects of ACL turnover into Club accounts thus being able to spend more through the increase in the 65%
It really is laughable! We are a big club and if SISU pissed off then so would the £30mil debt they claim we owe.
Someone suggesting above that revenue streams will not help CCFC if they buy into ACL as it would all be going to the mortgage first? That's just silly.
If my business had such a restriction that my mortgage needed to be paid in full before I could use various revenue streams I think I'd find another banker!
Not at you richie.
That sounds about right UNLESS we are talking really big money here and for that they must have found other investors.OK, I'm sure there was a fuller explanation somewhere, but this was from PWKH, of the Higgs charity: "ACL is not the Council or the Charity. It is owned by them, yes. The Directors appointed by the Charity and the Council have to act in the best interest of the Company, equally in the interest of both shareholders. Neither the Council nor the Charity get any payments of any kind from the Company and won't until the mortgage is paid off. This at the current rate is likely to be in 15 years time."
I'm sure someone can correct me if I'm wrong, but I think he is saying it is ACL rules, not the bankers that require the mortgage to be paid off before any payments an be made to shareholders. I don't think SISU buying out the Higgs stake would give them the leverage to change the company's rules.
Name a club anywhere near our size that has ever gone out of existence. Get real.
As we are speaking Pompey are not safe.
And didn't Rangers go out of existence? (but maybe there not the same size as us as they have a bigger supporter base...)
As we are speaking Pompey are not safe.
Wimbledon werent a small club?
Seriously people - Portsmouth are a smaller club who had money thrown at them. By the same token Wigan aren't bigger.
Also - no club anywhere near our size in English football has EVER been liquidated.
Seriously people - Portsmouth are a smaller club who had money thrown at them. By the same token Wigan aren't bigger.
Also - no club anywhere near our size in English football has EVER been liquidated.
Football's house of cards has been trembling for some time now. Where once teams could go into administration and get a clean slate, we're now seeing the likes of Rangers being pushed to the brink. It won't be long before a 'big' club is wound up. It is really not something to be flippant about.
I'm not having people thank SISU for our current situation - that's ridiculous.
Seriously people - Portsmouth are a smaller club who had money thrown at them. By the same token Wigan aren't bigger.
Also - no club anywhere near our size in English football has EVER been liquidated.
How did you get that from what I wrote?
Rangers were big. Pompey have crowds bigger than us this season. We are not as big as some think. We may be safe at the moment, but things are moving quicker than before.
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