OhForAGreavsie 6,077 Posted January 16, 2015 Share Posted January 16, 2015 Well the thing is with the cpo how water tight is it exactly? To us mere mortals we expect it to be just, to Bruce buck an acquisitions lawyer and the rest of Romans legal dept I'm sure a loophole has been found and NOT exploited yet, it would look terrible if the club didn't liase withe cpo bad pr, but crucially I think if it came to it they could do something, I'd imagine it would be to do with the cpo not servicing the debt and forcing them to liquidate the company.The cpo is a complicated business as they don't own the ground just the land it's on and I'm sure the name change thing won't fly either if challenged enough in court, I don't want to make out that the cpo has less power than it thinks but I'm pretty sure most of not all points will be able to be challenged and won by the club if they really wanted to go down that route.What I'm about to say comes from memory and a far, far, less than expert understanding so someone with better knowledge, or better memory, may be able to correct me. In which case please do help me out. So, that said...As I think I understand it, there is a potential loophole to the CPO's ownership of the lease but it's not quite the one you've speculated about. The CPO borrowed the money from the club to pay the £10m cost of the lease but this was on an open ended and interest free basis. That's to say, there is neither a repayment schedule nor any due date by which the money must be repaid. This means that Chelsea can never go to a court and claim that CPO are behind with their payments so there's no opportunity for Chelsea to ask a court to grant them repossession of the lease.If this is right then, with the lease having about 185 years remaining, the CPO and the club could be locked in this marriage for a long time.The loophole I mentioned is, I believe, that the protection which the CPO has from Chelsea does not extend to any creditors of the club. If Chelsea should go bust owing money then its creditors could ask a court to order the club to realise all of its assets in order to meet its debts. Those assets would include the money owed to it by CPO so, in those circumstances, a court could order CPO to repay the money or give up the lease. Of course, barring something extraordinary, there is no way CPO could pay.You'd have to say however that, as things stand, this scenario is a remote possibility. Meanwhile, if anyone knows enough to contradict or amend what I've said, I'd be glad to read about it. Quote Link to comment Share on other sites More sharing options...
strong centreback 157 Posted January 16, 2015 Share Posted January 16, 2015 Kingston would be difficult, we should buy those horrible tower blocks and knock them down. That'd be nice.We'd most likely have to move further out to Tolworth/Epsom/Chessington way.Loads of vacant land off the a3 near esher, not a million miles from cobham so the club can prepare out our facilities home match days, just a matter of the club investing in public transport amongst other community projects and jobsagoodun, a whole lot easier to get a 60k stadium that way then the fulham rd, could build supporter facilities as well, food outlets parking bars etc etc dream come true for the club really. Quote Link to comment Share on other sites More sharing options...
We Hate Scouse 10,327 Posted January 16, 2015 Share Posted January 16, 2015 Loads of vacant land off the a3 near esher, not a million miles from cobham so the club can prepare out our facilities home match days, just a matter of the club investing in public transport amongst other community projects and jobsagoodun, a whole lot easier to get a 60k stadium that way then the fulham rd, could build supporter facilities as well, food outlets parking bars etc etc dream come true for the club really.Only issue is Esher/Oxshott/Cobham sort of way is very affluent. I very much doubt the local councils would approve 60k drunken football hooligans (as they'd stereotype them) in the area every other weekend. Epsom Downs would be a fantastic choice. It has good transport links and it would likely improve the transport and potentially attendance for the horse racing. Quote Link to comment Share on other sites More sharing options...
strong centreback 157 Posted January 17, 2015 Share Posted January 17, 2015 Only issue is Esher/Oxshott/Cobham sort of way is very affluent. I very much doubt the local councils would approve 60k drunken football hooligans (as they'd stereotype them) in the area every other weekend. Epsom Downs would be a fantastic choice. It has good transport links and it would likely improve the transport and potentially attendance for the horse racing.If the club invested in its own car parks tube stations and bars/food all on site then the drunken football fans Enmass would be self contained, so less likely to cause a nuisance to locals if played that way it could fly. Quote Link to comment Share on other sites More sharing options...
Chelsea_ad 0 Posted January 17, 2015 Share Posted January 17, 2015 Any one have a spare ticket for the city game will pay good money call 07917831430 Quote Link to comment Share on other sites More sharing options...
thekid9 418 Posted January 19, 2015 Share Posted January 19, 2015 Any one have a spare ticket for the city game will pay good money call 07917831430That would be called Touting! no matter how good your intentions! LDN Blue 1 Quote Link to comment Share on other sites More sharing options...
CHOULO19 24,332 Posted January 19, 2015 Share Posted January 19, 2015 Any one have a spare ticket for the city game will pay good moneyMate, I know your intentions are good but, firstly, this is the wrong thread for this question. Try checking out the tickets section. Secondly, and more importantly, we do not allow people talking on here about selling or buying tickets for anything other than face value. That would be considered ticket touting which is the club rules. Quote Link to comment Share on other sites More sharing options...
strong centreback 157 Posted January 19, 2015 Share Posted January 19, 2015 I'm sure there is a simple explanation.... thekid9 and CeleryFC 2 Quote Link to comment Share on other sites More sharing options...
Liquidator 5,176 Posted January 30, 2015 Share Posted January 30, 2015 Club issued a statement to CPO who are meeting this morning that 'hugely positive advances' have been made with regard to potential future expansion of Stamford Bridge Madmax, xPetrCechx and LDN Blue 3 Quote Link to comment Share on other sites More sharing options...
xPetrCechx 13,573 Posted January 30, 2015 Share Posted January 30, 2015 Club issued a statement to CPO who are meeting this morning that 'hugely positive advances' have been made with regard to potential future expansion of Stamford Bridgeit's good , right?... Quote Link to comment Share on other sites More sharing options...
Liquidator 5,176 Posted January 30, 2015 Share Posted January 30, 2015 it's good , right?... Sounds it. Seems like quite a big redevelopment of Fulham Road near the ground would happen as well Quote Link to comment Share on other sites More sharing options...
xPetrCechx 13,573 Posted January 30, 2015 Share Posted January 30, 2015 Sounds it. Seems like quite a big redevelopment of Fulham Road near the ground would happen as wellany link? source? Quote Link to comment Share on other sites More sharing options...
Liquidator 5,176 Posted January 30, 2015 Share Posted January 30, 2015 any link? source?Dan Levene on twitter. Think his handle is @Blueschronicle xPetrCechx 1 Quote Link to comment Share on other sites More sharing options...
xPetrCechx 13,573 Posted January 30, 2015 Share Posted January 30, 2015 Chair speaking about the existing feasibility study by Abramovich into the redevelopment of the ground. Says CPO is regularly updated.Chair reports statement from CFC: 'hugely positive' advances, which 'should help the club with any plans to redevelop the current stadium'.https://twitter.com/blueschronicle Quote Link to comment Share on other sites More sharing options...
xPetrCechx 13,573 Posted January 30, 2015 Share Posted January 30, 2015 http://www.chelseafc.com/fans/chelsea-pitch-owners/buy-cpo-shares.htmlWhat Can I do with My share? If i will buy one? Quote Link to comment Share on other sites More sharing options...
AndersonBLUE 819 Posted January 30, 2015 Share Posted January 30, 2015 http://www.chelseafc.com/fans/chelsea-pitch-owners/buy-cpo-shares.htmlWhat Can I do with My share? If i will buy one?The website makes it look lucrative. But underneath, it is an iceberg of economics (stocks and shares). You would only own a measly % of the company. You could sell it off if the price of the share increasesBut at that price I wouldn't bother unless your gonna invest some serious £££ but it's risky business if you don't understand stocks and shares. Quote Link to comment Share on other sites More sharing options...
LDN Blue 7,903 Posted January 30, 2015 Share Posted January 30, 2015 Club issued a statement to CPO who are meeting this morning that 'hugely positive advances' have been made with regard to potential future expansion of Stamford BridgeHow much would they be able to expand by, do you know?I wonder if this plans to force a redevelopment is the club bottling it with their stance on the CPO. If moving away means we'll have increased potential for expansion, I think that should be their first priority imo. Quote Link to comment Share on other sites More sharing options...
strong centreback 157 Posted January 30, 2015 Share Posted January 30, 2015 The website makes it look lucrative. But underneath, it is an iceberg of economics (stocks and shares). You would only own a measly % of the company. You could sell it off if the price of the share increasesBut at that price I wouldn't bother unless your gonna invest some serious £££ but it's risky business if you don't understand stocks and shares.Its my understanding that the cpo share is basically a sunk asset, it is worth nothing technically speaking and is more a keepsake even back when first brought out the battle had already been won, the cpo/stock thing is a security blanket, and buying loads of shares to hopefully profit on them in future is the exact opposite of its original intention for fucks sake! look up why we have the cpo as you obviously dont realise by doing that and holding the club to ransom (only potential buyer) you are no better than marler estates. Quote Link to comment Share on other sites More sharing options...
strong centreback 157 Posted January 30, 2015 Share Posted January 30, 2015 http://www.chelseafc.com/fans/chelsea-pitch-owners/buy-cpo-shares.htmlWhat Can I do with My share? If i will buy one?frame it?, and you can vote at the cpo meetings other than that not alot, its a keepsake even when they first started selling them they had no real purpose as bates had already got the freehold back and the cpo is basically a complicated trustfund that keeps the freehold separate to the club and limits what the club owner/board can do with the freehold unless the fans with shares agree, but at the same time the cpo is limited in what it can do for example if the club left the bridge without consent of cpo the cpo could not use stamford bridge with a fans team as they dont own the actual stadium just the patch of ground it sits on.CPO is just a clever way of bates making sure the marler estates scenario could not happen again, as lest we forget it was our founders grandson that sold the freehold in the first place. Quote Link to comment Share on other sites More sharing options...
Tautvix 1,321 Posted January 30, 2015 Share Posted January 30, 2015 We need anti FA chant! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.