Yeh, still think they are upto something.
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The only chance of progress under SISU is if we sell some of stars for big money, say Hamer goes for £30m somewhere. SISU will obviously take a lot out of it but some may get reinvested and we move up slowly.
| ACL Group | ||||||||
| Individual company balance sheets 2020 | ||||||||
| ACL Ltd | ACL 2006Ltd | IEC Exp Ltd | Totals | |||||
| Fixed assets | 61381 | 0 | 2343 | 63724 | ||||
| Current assets | 15299 | 21089 | 6341 | 42729 | ||||
| Current Liabilities | -63971 | -9811 | -6658 | -80440 | ||||
| Deferred tax | -5662 | 0 | 0 | -5662 | ||||
| Reserves & shares | 7047 | 11278 | 2026 | 20351 | ||||
| Inter company | ||||||||
| Owed by group co | 13601 | 5787 | ||||||
| Owed by ACL to ACL2006 | 21089 | |||||||
| Owed to group co | 14449 | 9804 | 2926 | |||||
| Owed to ACL 2006 by ACL | 21089 |
Do you mean after Friday when the stadium goes into administration…. Not before Friday?The following has some caveats
1) The figures are for 2020 so a long way out of date, but are the last published accounts available
2) The figures have been very much simplified and do not have any adjustments to show an ACL group set of figures. A group report would contra out any ACL group inter company trading and balances leaving only external 3rd Party trading and balances
3) in any sale or administration the assets are likely to be discounted and additional liabilities crystallised.
4) figures should be taken as a guide they wont be accurate to current situation
ACL Group Individual company balance sheets 2020 ACL Ltd ACL 2006Ltd IEC Exp Ltd Totals Fixed assets Current assets Current Liabilities Deferred tax Reserves & shares Inter company Owed by group co Owed by ACL to ACL2006 Owed to group co Owed to ACL 2006 by ACL
It looked like in 2020 the net debt owed to other WH group members was £8m
That said ACL & ACL 2006 remain guarantors to the bond full or in part for £35m
Charges registered are as follows
- ACL 2006 Ltd charges registered due to Bond & Compass
- ACL Ltd charges registered due to Bond & Compass
- IEC Experience Ltd none
As for what is going on presently, I think that the stadium will be sold to an experienced hospitality operator this coming week. Sadly, I do not see ACL/stadium being owed by CCFC or SISU, but I could easily be wrong. It wont in its self change anything for CCFC for the next 8 years. We have a lease to play there and no hospitality or event group is going to write off that footfall off, quite the reverse they will want to exploit it to maximise income streams from the site.
Sisu, what is the point then, no ground, no investment, no way forward.The following has some caveats
1) The figures are for 2020 so a long way out of date, but are the last published accounts available
2) The figures have been very much simplified and do not have any adjustments to show an ACL group set of figures. A group report would contra out any ACL group inter company trading and balances leaving only external 3rd Party trading and balances
3) in any sale or administration the assets are likely to be discounted and additional liabilities crystallised.
4) figures should be taken as a guide they wont be accurate to current situation
ACL Group Individual company balance sheets 2020 ACL Ltd ACL 2006Ltd IEC Exp Ltd Totals Fixed assets Current assets Current Liabilities Deferred tax Reserves & shares Inter company Owed by group co Owed by ACL to ACL2006 Owed to group co Owed to ACL 2006 by ACL
It looked like in 2020 the net debt owed to other WH group members was £8m
That said ACL & ACL 2006 remain guarantors to the bond full or in part for £35m
Charges registered are as follows
- ACL 2006 Ltd charges registered due to Bond & Compass
- ACL Ltd charges registered due to Bond & Compass
- IEC Experience Ltd none
As for what is going on presently, I think that the stadium will be sold to an experienced hospitality operator this coming week. Sadly, I do not see ACL/stadium being owed by CCFC or SISU, but I could easily be wrong. It wont in its self change anything for CCFC for the next 8 years. We have a lease to play there and no hospitality or event group is going to write off that footfall off, quite the reverse they will want to exploit it to maximise income streams from the site.
Can you explain how we progress if we sell some or any of our starsThe only chance of progress under SISU is if we sell some of stars for big money, say Hamer goes for £30m somewhere. SISU will obviously take a lot out of it but some may get reinvested and we move up slowly.
Worst timeline is events company comes in and Sisu don’t fuck off and keep us on life support for god knows what reason.
So that’s probably what’ll happen.
A new stadium at Warwick University!Surely if sisu don’t go for the stadium now they never will, I just don’t see their end game if they don’t?
There's never ever going to be a new stadium built anywhere by SISU, I repeat never ever. End of.A new stadium at Warwick University!
Yeah I'm pretty sure he will be trying something to keep hold of as much as possible.I have a suspicion that we haven seen the back of Richardson. Why did he appoint himself as a director of the ACL companies knowing this was going to happen?
Worst timeline is events company comes in and Sisu don’t fuck off and keep us on life support for god knows what reason.
So that’s probably what’ll happen.
The reason is that we are a captive high interest borrower.
Equally if there were an opportunity to get a lot more money in a lot less time would they not take it?
You reckon...?There's never ever going to be a new stadium built anywhere by SISU, I repeat never ever. End of.
I don't believe SISU are interested in buying the stadium.
I believe they are interested in selling the club at an inflated price to a buyer who is also able to purchase the stadium.
There may even be agreements already in place pending the outcome of the ACL sale/admin.
Surely if sisu don’t go for the stadium now they never will, I just don’t see their end game if they don’t?
Yes, I hope so, but as the worst case scenario for them if they can't get the sum they want is that we remain a captive high interest borrower, there isn't too much pressure to sell. They can just milk us for X number of years without a care as to which division we play in.
SISU are trapped.Sisu, what is the point then, no ground, no investment, no way forward.
Ah but a cow doesn't need to be either calf bearing or rearing to produce it's harvest!How do they milk a barren cow?
Do they want it off their hands though, they've never been interested beforeThe way i see it , and I could be wrong is that this is SISUs only real chance to get the club off their hands , I imagine they will be definitely involved somewhere
Do they want it off their hands though, they've never been interested before
Ah but a cow doesn't need to be either calf bearing or rearing to produce it's harvest!
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