This Situation.. (1 Viewer)

Astute said:

You are right. It could easily be packaged in for the same price. But what costs would be involved including giving Higgs their money back, repaying the outstanding loan and paying to break contracts that are already in place as they don't do things the SISUE way.

The problem is that all this would cost much more than SISUE would be willing to pay. So the council would lose millions to sell to SISUE. This is a good enough reason not to sell to them. And that is before thinking of what has gone on before which is why all trust is lost in SISUE. They won't even pay the charity the money they owe them.

I was at work all day reading all of what was going on today on my phone whilst working. How come I can understand the majority of it whilst not being able to think about it whilst you don't seem to understand any of it Grendull?

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Grendel said:

Oh I understand it very well. Soon the plug will be pulled and the club will no longer exist.

I do get confused though because I though this was a forum about the football club.

Seemingly not. It is now dedicated to the community asset we should be proud of. Hey let SISU liquidate the club as they cannot get the ground. Let's all cheer and at 3,00 on a Saturday we can all go and look at the community asset and swell our chests with pride.

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dongonzalos said:

Do they get to go straight to liquidation or can people bid for it in an administration process first?

A real process though where they know what they are bidding for as oppose to bidding for a black bin bag in a lucky dip event hosted at your local social club.

Also an event where SISU who are planning liquidation would not be participating so there would not be a false market and value created.

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Grendel said:

Oh I understand it very well. Soon the plug will be pulled and the club will no longer exist.

I do get confused though because I though this was a forum about the football club.

Seemingly not. It is now dedicated to the community asset we should be proud of. Hey let SISU liquidate the club as they cannot get the ground. Let's all cheer and at 3,00 on a Saturday we can all go and look at the community asset and swell our chests with pride.

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Broken Hearted Sky Blue said:

Tell you what Sisu either buy the Ricoh or pull the plug enough is enough now.

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Grendel said:

Don't be naive. The debts will be huge and the liquidation process will be perfectly legal. The process was very real and legal last time as your Kenilworth drinking buddy Haskell admitted. The spectre of him and the fawning few who thought he was serious have helped to create this divide between the two parties. Never mind I'm sure it was worth it.

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Astute said:

The liquidation may have been legal.........but parts of it were against FL rules. So the FL decided to bend the rules for them.

Nobody other than SISUE bid for what was there. why was that? I suppose it was nothing to do with only having the parts they didn't want like a tax bill, rental agreement and so on. If our club did ever get liquidated there could be a proper process. It doesn't matter how high the debts are. And with SISUE's management fees of about 2.5m a season it will only get higher whilst we are in Northampton.

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