I think the fact that its SISU talking to the council and not CCFC talking to ACL has to be significant!
Actually remaining at the stadium is also key to SISU's success in recovering their investment, but there you go :thinking about:
This is what I've been thinking, well I assume we're on the same page. (obtaining stadia/land) However, do you think this is how they intially planned it or is it because of a failure to reach the Premiership?
It wasn't reasonable in the championship eitherLet's hope the council and ACL don't get pushed around. They should insist on 100% of the unpaid monies to be paid, before any future reductions in rent come into effect. They shouldn't allow the SISU bully boys to push them around, it was the council that paid for the stadium to be built and now the club owners don't want to pay.
£1.2m a year a reasonable rent for L1? No, but whose fault is it that the club isn't in L1? SISU should honour the contract that they signed up to in 2007, not weasel out of it.
Let's hope the council and ACL don't get pushed around. They should insist on 100% of the unpaid monies to be paid, before any future reductions in rent come into effect. They shouldn't allow the SISU bully boys to push them around, it was the council that paid for the stadium to be built and now the club owners don't want to pay.
£1.2m a year a reasonable rent for L1? No, but whose fault is it that the club isn't in L1? SISU should honour the contract that they signed up to in 2007, not weasel out of it.
Let's hope the council and ACL don't get pushed around. They should insist on 100% of the unpaid monies to be paid, before any future reductions in rent come into effect. They shouldn't allow the SISU bully boys to push them around, it was the council that paid for the stadium to be built and now the club owners don't want to pay.
£1.2m a year a reasonable rent for L1? No, but whose fault is it that the club isn't in L1? SISU should honour the contract that they signed up to in 2007, not weasel out of it.
They should do a deal based on the clubs success. So if we get promoted we pay a bit more etc. Right now the right is far to high for this league, even with the latest offer. Its all about compremise by all parties.
Let's hope the council and ACL don't get pushed around. They should insist on 100% of the unpaid monies to be paid, before any future reductions in rent come into effect. They shouldn't allow the SISU bully boys to push them around, it was the council that paid for the stadium to be built and now the club owners don't want to pay.
£1.2m a year a reasonable rent for L1? No, but whose fault is it that the club isn't in L1? SISU should honour the contract that they signed up to in 2007, not weasel out of it.
I think the original plan was to march into Premier League under RR, buy the Ricoh and then sell as a Premiership package...... it all went wrong and now they (SISU) are adopting an aggressive hedge fund policy of distressing the club and its landlord to force acquisition of the site. CCFC really isnt relevant because they wont ever get their money back from the club doing well because the higher up we get the bigger the costs to stay there so no profits to pull out of CCFC. The only way they get their investors money and their fees is by getting the site as cheap as possible (which would be when it is in or on the brink of administration) then sell it on at a big profit. Unfortunately CCFC are like many clubs going to be making losses for the forseeable future so are only a drain against that site profit ......... as such no benefit to SISU if they get the site ..... and they wont shed any tears letting us go to the wall if they own the site .......... all just business the hedge fund way i am afraid
Let SISU bleed to death, someone will pick up the pieces. They can't just liquidate the business and walk away there are procedures. SISU knew the rent 5 years ago, they knew the financial hit if relegated, instead of selling Jukiewicz, scoring for fun at the time, last January and not replacing him perhaps they should have kept him for 4 months, then sold him. They did sweet FA about bolstering the squad last March when with 6 games to go we crawled out of the bottom three. They turned down offers of help from local business men to fund loan players wages. I say give feck all and lets see where we go or where SISU go. In my opinion for what it is worth SISU or those running this club on their behalf engineered relegation because the championship cost too much so Let em Bleed
I believe pegging the rent to the team's success in terms of division and gate size was part of the offer. Compromise by all parties is fine, but the club haven't moved at all. The only side to have moved is ACL. If the club moved from their stance of '£200,000 or nothing' then the whole thing might stand a chance of being resolved.
No they can't liquidate and just disappear into the sunset, they have to go through a procedure not sure of the timescale, 28 days rings a bell but not sure. That has been stated on here by the sky blue trust crowd and the name can be saved.They can liquidate if they want. Another clown who wants to watch ACL united.
I'll tell you what has pissed SISU off is the millions made for staging just 12 games in the Olympics and not a penny piece going their way.
I'll tell you what has pissed SISU off is the millions made for staging just 12 games in the Olympics and not a penny piece going their way.
Let SISU bleed to death, someone will pick up the pieces. They can't just liquidate the business and walk away there are procedures. SISU knew the rent 5 years ago, they knew the financial hit if relegated, instead of selling Jukiewicz, scoring for fun at the time, last January and not replacing him perhaps they should have kept him for 4 months, then sold him. They did sweet FA about bolstering the squad last March when with 6 games to go we crawled out of the bottom three. They turned down offers of help from local business men to fund loan players wages. I say give fuck all and lets see where we go or where SISU go. In my opinion for what it is worth SISU or those running this club on their behalf engineered relegation because the championship cost too much so Let em Bleed
I would take the chance on a third party waiting in the wings any judge has a community to consider and we have MPs (don't laugh) batting for us.A liquidator can be appointed by a shareholder (voluntary) or the court (compulsory)
Were SISU to appoint a voluntary liquidator CCFC would be classed as insolvent, as it is unable to pay its debts and there will be insufficient assets for all creditors to be paid in full.
The law likes to show equality between creditors, so payouts are made depending on the creditor's claim. However, the law gives priority to secured creditors (ARVO)
Compulsory liquidation applications may be sought if a company is unable to pay its debts. There are a number of factors that the court will take into account when deciding whether or not to make a compulsory liquidation order. The court has a discretion as to whether or not to make the order and I believe it is doubtful they would do so to a football club but I wouldn’t want it put to the test in case the judge supports the Villa!!
Logic, dipstickAnd you know this from when you were chatting with them on... what day was it?
No they can't liquidate and just disappear into the sunset, they have to go through a procedure not sure of the timescale, 28 days rings a bell but not sure. That has been stated on here by the sky blue trust crowd and the name can be saved.
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