D
Ddccfc
Guest
Perhaps I do.
Coventry City FC's Players are registered with Limited, not Holdings (1 Viewer)
- Thread starter FootyLawBlog
- Start date
Perhaps I do.
Sick Boy
Well-Known Member
It is highly depressing that the fans have never asked questions of ACL, it is a shame upon the football club. The sooner we get rid of both ACL & SISU, the club will grow.
Sky Blue Kid
Well-Known Member
Estimated wages said to be around £3m-£3.5m...Spread over 35 players makes £450k a LOT of players
NorthernWisdom
Well-Known Member
It might be nice mightn't it. Doesn't in any way lessen the pressure on SISU to do so.
Could add a few more of the game players who really should be interrogated harder, too.
covcity4life
Well-Known Member
was he the guy at the start? went on for 15mins and then kept shouting out further questions throughout the forum even when he didnt have the mic?
Samo
Well-Known Member
Did you ask?
FootyLawBlog
New Member
I'm more than happy to be open to scrutiny: but scrutiny of the words I post, which are supported by quoted evidence.
Scrutinise the words I use; if they're wrong, challenge me.
Scrutinise the evidence I use; if it is wrong, challenge me.
Scrutinise the interpretation I apply to the evidence, the law, the rules and regulations; if it is wrong challenge me.
That's what scrutiny is about: you don't need to know who I am to scrutinise the blog and the posts I make.
For what it's worth:
I have no connection with Sisu or any of its associated companies.
I have no connection with Paul Appleton or his company David Rubin & Partners
I have no connection with the administrations' solicitors Stephenson Harwood LLP
I have no connection with Coventry City Football Club (I'm not even a fan)
I have no connection with Arena Coventry Ltd, The Higgs Charity or Coventry City Council
I have no connection with any adviser (solicitor, insolvency professional or otherwise) of ACL, Higgs or CCC
I have no connection with any player, employee, contractor or other person associated with any of the parties
I have no connection with Brendan Guilfoyle* or any other insolvency professional
(*Mr Guilfoyle did leave a comment on my blog at the weekend, I emailed him and he emailed back. This doesn't not mean that I have "links" with him - a number of people have emailed me and commented on the blog. I do not consider that I have links with them either)
Ddccfc says I should be open to scrutiny - I've said above what the limits to that scrutiny should be (ie, the words I use, the evidence I quote and the interpretation I put on them). If that isn't sufficient, what level of scrutiny does Ddccfc feel is required? What would my identity add to the scrutiny that's required?
I haven't demanded Ddccdc's identity and I don't see what he should seek mine.
BUT: he has said that he has it "on good authority" that I have "links with Mr Guilfoyle / ACL."
Everything I have said on my blog has been supported by sourced quotes and evidence
Now it is time for Ddccfc to support his claim: he should name his "authority" and explain what his claimed links are.
In fact, if he does have it on good authority that I have "links with Mr Guilfoyle /ACL" he should already know who I am.
So, I say again: you have made an allegation. The person against whom you make the allegation (me) has completely and unequivocally, denied your allegation.
Please either withdraw your allegation or support it by explaining what your "good authority" is and explaining what the links are that you claim exist.
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Well said!
RoboCCFC90
Well-Known Member
Nonleagueherewecome
Well-Known Member
Welcome to the internet.
NorthernWisdom
Well-Known Member
Especially the first sentence.
Skybluesquirrel
New Member
At least I have the poor excuse for wasting my time on a team I support and that gets me out of jail with Mrs Squirrel when I'm lost in paperwork for hours .
RoboCCFC90
Well-Known Member
Question is: Who do you support?
RoboCCFC90
Well-Known Member
Do Tell FLB. you will be no less in our esteem.
Unless it's the claret and blue scum..
italiahorse
Well-Known Member
Wasn't it the other way round, with the Council having to bale ACL out with a preferential loan.? Are SISU now pursuing the legality of the loan in the court?
SISU's only interest in this is to distress ACL surely now their original plan has failed.
Sky Blue Kid
Well-Known Member
DDccfc.....You've read what FootyLawBlog has had to say.....Your turn now!
Sky Blue Kid
Well-Known Member
Its pretty clear to me that ACL tried to distress the football club by trying to put it into Admin, believing that the players came under the ltd Company.
2 points here. You are owed £1.3m what would you do?....This was done to prevent SISU putting CCFC into liquidation.
There is significant evidence that there are "Player Contracts in CCFCltd":blue:
1 point here - ACL are owed £650k ... not £1.3m
Sky Blue Kid
Well-Known Member
BEFORE ACL pushed for admin they were owed £1.3m NOT £650k.
Are you suggesting sisu paid them £650k before we went into admin?
No sir - they were owed £650K. Never £1.3m.
Read the administrators report where he lists liabillities.
Brighton Sky Blue
Well-Known Member
That would be because ACL used the escrow to take out £500k's rent as security. The club is (was?) legally obliged to also keep this full, especially since they weren't the ones who put the money there in the first place.
Sky Blue Kid
Well-Known Member
Is that so? I've read that SISU are owed £70m+....is that also right?
Brighton Sky Blue
Well-Known Member
Is that so? I've read that SISU are owed £70m+....is that also right?
Until the accounts for Sky Blue Sports and Leisure are published it's difficult to say. I don't know what the future is for that company if Otium also intend to buy Holdings...
Brighton Sky Blue
Well-Known Member
That line about 'we have paid £800k rent this year' from Fisher was one of his juiciest lies to date. He must think we're all stupid.
So pointing out that ACL are not owed £1.3m and quote the administrators report as evidence is considered 'kissing sisu's arse'?
Dear oh dear!
NorthernWisdom
Well-Known Member
He's made no value judgement about it, just pointed out what the administrator said was owed.
Brighton Sky Blue
Well-Known Member
They aren't owed all of that sum but the club still has/d an obligation to pay it.
Skybluesquirrel
New Member
Is that so? I've read that SISU are owed £70m+....is that also right?
Nope. SISU were owed £29 million if you look at Sky Blue Sports & Leisure Ltd accounts to May 2011 (the last set available) - the ultimate owners of CCFC and CCFC Holdings Ltd. They publish consolidated accounts (for the group as a whole).
When SISU took over, they wrote off £34 million, followed by another £6 million a couple of years later. Money owed to Robinson & McGinity, who will never be paid back.
They didn't write it off in CCFC Ltd or Holdings - only in SBSL Ltd.
Sky Blue Kid
Well-Known Member
@BSB...
One thing I'd like to know is...How can Otium buy the "Ltd" when they.....a) Haven't got two pennies to scratch their arse with, and ,have only £1k showing in the business?...... and b) If point "A" is true, can't ACL take SISU to court for the exact same thing that SISU has?
One thing I'd like to know is...How can Otium buy the "Ltd" when they.....a) Haven't got two pennies to scratch their arse with, and ,have only £1k showing in the business?...... and b) If point "A" is true, can't ACL take SISU to court for the exact same thing that SISU has?
Yes - that was way over the line. Pure stupidity.
He could just have told it as it was - ACL have taken £500k from the escrow and the club have paid £300k towards matchday costs.
Skybluesquirrel
New Member
They loan the money from SISU in the Cayman Islands to pay back, er SISU in the Cayman Islands.
Come off it, he always sticks up for them,i just cant fathom out why.
Brighton Sky Blue
Well-Known Member
I don't know the precise workings of the deal however I imagine that rather than pay anything for Ltd they have offered the ability to write off Ltd's debt. Squirrel's analysis of SBS+L's accounts is bang on however these accounts are now based on information from 2 years ago. There is no way of knowing what the current score is however it is those accounts which tell us exactly how much SISU have put in to the business.
