What if ACL reject the CVA (1 Viewer)
- Thread starter ccfcway
- Start date
Voice_of_Reason
Well-Known Member
The groundshare cannot be taken up whilst CCFC is in Administration. If a CVA is not agreed, CCFC could be liquidated. I'm just about done in with all this -- over to ACL to either reach an agreement with Otium or (don't know how) employ legal means to to do something.
Snozz_is_god
New Member
It's no longer about money for ACL, they may lose 500k and CCFC may get liquidated, but SISU will never get back any of their so called £70 odd million or what ever it is today and that would make me laugh
ccfcway
Well-Known Member
Thats my point...If ACL reject their £500k, doesnt that make this announcment void ?
ccfcway
Well-Known Member
so, in short, by ACL rejecting the CVA, they lost £500k and CCFC get deducted points and thats it ?
chiefdave
Well-Known Member
guess so, I would imagine they're talking to lawyers about their options to recover the balance of the lease but I think they've been outdone here. SISU liquidate ltd, lease is gone, don't have to pay ACL anything as Ltd has no assets - job done.
RegTheDonk
Well-Known Member
I have no idea VOR, but surely IF CCFC Ltd was liquidated, presumably SISU would argue that the golden share should be given to Holdings and they continue to play at Northampton as CCFC.
Fucked whatever happens to be honest, have given up on SISU being out maneuvered by anyone. Only Satan himself will be screwing Fisher and Joy up the arse.
Fucked whatever happens to be honest, have given up on SISU being out maneuvered by anyone. Only Satan himself will be screwing Fisher and Joy up the arse.
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No expert on this but I think I read somewhere if the CVA is rejected, it can be forced through in the courts but effectively the club end up coming out of admin without a CVA in place which results in the 15 point deduction.
At this point, I'm not sure what I want to happen. Part of me still wants the club to do well, I.e. no points deduction, out of admin ASAP, embargo lifted and a few players signed so we can compete this year. But part of me now just thinks to hell with it, I just want to see SISU, Tim, Joy etc suffer as much as they have made the fans suffer. In which case, I'd like ACL to reject the CVA, drag out the admin, points deduction, no signings and as little income as possible. Yes, the club will probably get relegated (at least once) but it will mean the chance of them getting their money back is even further out of reach. Basically, I'd like to see them walking away, tail between their legs with absolutely sod all of any money they've put in. How a bunch of people who are supposed to look after investments could make so many wrong decisions over the years is beyond comprehension.
At this point, I'm not sure what I want to happen. Part of me still wants the club to do well, I.e. no points deduction, out of admin ASAP, embargo lifted and a few players signed so we can compete this year. But part of me now just thinks to hell with it, I just want to see SISU, Tim, Joy etc suffer as much as they have made the fans suffer. In which case, I'd like ACL to reject the CVA, drag out the admin, points deduction, no signings and as little income as possible. Yes, the club will probably get relegated (at least once) but it will mean the chance of them getting their money back is even further out of reach. Basically, I'd like to see them walking away, tail between their legs with absolutely sod all of any money they've put in. How a bunch of people who are supposed to look after investments could make so many wrong decisions over the years is beyond comprehension.
Grendel
Well-Known Member
No clubs that exit administration with no CVA get minus 15 points look at the case involving Leeds united.
ACL have a choice take the money given of get nothing and give the club minus 15 points. Do you seriously think sisu wouldn't think of that?
letsallsingtogether
Well-Known Member
Who gives a fuck hope they get the 15 points deducted get relegated loose more fans build there new stadium get relegated again then maybe they will fuck off after loosing even more money and no fans to fill Tims 5000 seater shed.
Grendel
Well-Known Member
Wow so you would rather ACL lose £600,000? That's interesting. So you always believed they needed the gross rent to fund them or the taxpayer suffers but now you want the taxpayer to potentially be worse to the tune of £600,000? Really?
Don't you think they need the money in case compass due them for loss of earnings?
letsallsingtogether
Well-Known Member
And Sisu get all the Tea money at Northampton all 500 quid fair play to them may pay fisher for a day.............
