self inflicted wound though wasnt it ........ the lease was agreed between ACL and CCFC yes ........ but the people doing the signing/agreeing on both sides were directors of both companies, the likes of Mr McGinnity etc. Got to ask why if acting in the clubs best interest they set up such a deal, then why it has taken 5 years of loss making (£35m+ excluding rent costs)under SISU for them to even start addressing one of its major costs. There have been opportunities over the years from 2005 for the matter to be addressed and none of the Board or owners have until now. I find that pretty negligent. It isnt up to ACL to say "sorry chaps we think you are paying too much" they have a responsibility to their own business, that said i think we have a right to expect them to consider the mutual benefit of both businesses
There has been an opportunity for both businesses to work in partnership to mutual success but it seems to me that self interest, inept financial controls & planning plus a large dollop of ego have got in the way to create the current situation. The only people gaining right now are the lawyers, big boy accountants and insolvency consultants
Just to be clear people with fortunes only ever get smaller fortunes from running a football club ....... so why does a money driven hedge fund want to run one ? Just a means to an end perhaps ? Guess we have to wait see what happens next but I find it hard to believe current events are simply and primarily about what is best for CCFC.