Liquidation (12 Viewers)

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Nick

Nick

Administrator
mark_ccfc said:
Why do you keep saying that?
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Because that's how it will be.

Unless you think they will say "actually, because it's ccfc just stay in league 1 and carry on as if nothing happened"?
 
mark_ccfc

mark_ccfc

Well-Known Member
Nick said:
Because that's how it will be.

Unless you think they will say "actually, because it's ccfc just stay in league 1 and carry on as if nothing happened"?
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It might be, but the point is it wouldn't be the end of the club, which is the point I am trying to make.

As for Nuneaton, no they aren't in a good place, but they aren't in any worse position than they were before liquidation, which is more to the point.
 
Nick

Nick

Administrator
mark_ccfc said:
It might be, but the point is it wouldn't be the end of the club, which is the point I am trying to make.

As for Nuneaton, no they aren't in a good place, but they aren't in any worse position than they were before liquidation, which is more to the point.
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Their stadium is now owned by Port Vale's owner for starters.

Is Liquidation the plan to try and distress to get rid of SISU now? It's a very dangerous game, much like when ACL forced into administration to try and get the club handed over.

I wouldn't put it past some of the other parties. Trust get handed some scraps and claim it's CCFC.
 
Greggs

Greggs

Well-Known Member
mark_ccfc said:
It's not a wind up, I don't sound like any clueless twat, I wasn't happy on a 9 run losing streak. The possibilities from here in order of likelyhood (In my opinion) are:-

Wasps give us another 12 month contract - we are on the same merry-go-round as we are now.
Wasps don't give us a contract and we move to another ground a-la Northampton
Wasps don't give us a contract and we go into liquidation.

Liquidation is very unlikely, it would cause a major headache for the EFL, there will be enormous pressure form many parties for this not to happen. But whenever liquidation is mentioned everyone runs round saying the club will die, there will be no games to watch, I was just pointing out that is not necessarily true and quoting an example. Admittedly Nuneaton are a far smaller club, and probably not the best comparison, but nonetheless are an example. They have even taken back their original name from before liquidation.
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Rangers would have been a better topic!
 
Alan Dugdales Moustache

Alan Dugdales Moustache

Well-Known Member
mark_ccfc said:
It's not a wind up, I don't sound like any clueless twat, I wasn't happy on a 9 run losing streak. The possibilities from here in order of likelyhood (In my opinion) are:-

Wasps give us another 12 month contract - we are on the same merry-go-round as we are now.
Wasps don't give us a contract and we move to another ground a-la Northampton
Wasps don't give us a contract and we go into liquidation.

Liquidation is very unlikely, it would cause a major headache for the EFL, there will be enormous pressure form many parties for this not to happen. But whenever liquidation is mentioned everyone runs round saying the club will die, there will be no games to watch, I was just pointing out that is not necessarily true and quoting an example. Admittedly Nuneaton are a far smaller club, and probably not the best comparison, but nonetheless are an example. They have even taken back their original name from before liquidation.
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Don't know why you're getting so much stick on this tbh. You've pointed out the possibility of liquidation, which we all dread of course, but it is none the less a possibility.
I don;t know much about the overall liquidation process, but I do know that it means the end of our club as we know it, so anything that subsequently returns as, lets say AFC Coventry , isn't that same club, I'm not sure I could support it in the same way, but I could never support Sphinx or Coventry United.
However, there are times when I think that if the current SISU stance continues (court action) year after year and the club are forced to leave the city again and this time for a long period of time would such an alternative be any worse?. If we did a Wimbledon and moved permanently to another town (but kept the name) then I couldn't call it my club any more if there was no prospect of it returning home. It is only under such awful circumstances that I would prefer it if the club could begin again in the lower leagues than be exiled to another town permanently.
 
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Nick

Nick

Administrator
I dont know much about Rangers, wasn't it sort of like what happened with us?

A new ltd company setup, move across the "Assets" and the golden share equivalent?
 
Liquid Gold

Liquid Gold

Well-Known Member
singers_pore said:
So Rangers don’t exist any more? Twat.
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Not really. Maybe read in to it. A new company was set up that acquired their assets and luckily for them their supportiers recognised them. If you think that would happen here then you’re the most gullible c**t on here.

You think the EFL will go out on such a limb for us as the SPL did for Rangers?
 
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Nick

Nick

Administrator
Liquid Gold said:
Not really. Maybe read in to it. A new company was set up that acquired their assets and luckily for them their supportiers recognised them. If you think that would happen here then you’re the most gullible c**t on here.
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It's getting obvious that the thought is the fans setup a company and get handed the good bits of ccfc and none of the debt and bad bits.

It's up there with the sky blue trust calling for administration on tv. It's a very dangerous game and as seen when ACL tried to force a new owner, it didn't work.

If it ends up in the club dying it's not a good result. Easier to just promote cov United or sphinx.
 
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mark_ccfc

mark_ccfc

Well-Known Member
Nick said:
Their stadium is now owned by Port Vale's owner for starters.

Is Liquidation the plan to try and distress to get rid of SISU now? It's a very dangerous game, much like when ACL forced into administration to try and get the club handed over.

I wouldn't put it past some of the other parties. Trust get handed some scraps and claim it's CCFC.
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Wouldn't be a problem for ccfc though would it as we have no stadium ownership?
Nick said:
Their stadium is now owned by Port Vale's owner for starters.

Is Liquidation the plan to try and distress to get rid of SISU now? It's a very dangerous game, much like when ACL forced into administration to try and get the club handed over.

I wouldn't put it past some of the other parties. Trust get handed some scraps and claim it's CCFC.
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If that is the case agreed, it is a dangerous game. Whichever way you look at it, it is difficult to see a good way forward for the club.
I can't see WASPS offering is a lengthy contract while SISU are continuing their court action.
If we get another 12 month contract we will be in a continuous cycle and we will be back here next year.
If WASPS hold out we may end up leaving Coventry - we all know what that is like.
If WASPS hold out we could face liquidation.

That COULD result in a two league demotion. (That is not for sure as with Nuneaton there were financial irregularities which led to that). The club would most likely be reformed presumably with Hoffman consortium ownership? I can't see that being a path to heaven either. Although their hearts are in the right place I can't see them having the financial clout to get us anywhere fast, and there is still the stadium problem.

Do you see a good way out of this mess?
 
Nick

Nick

Administrator
mark_ccfc said:
Wouldn't be a problem for ccfc though would it as we have no stadium ownership?


If that is the case agreed, it is a dangerous game. Whichever way you look at it, it is difficult to see a good way forward for the club.
I can't see WASPS offering is a lengthy contract while SISU are continuing their court action.
If we get another 12 month contract we will be in a continuous cycle and we will be back here next year.
If WASPS hold out we may end up leaving Coventry - we all know what that is like.
If WASPS hold out we could face liquidation.

That COULD result in a two league demotion. (That is not for sure as with Nuneaton there were financial irregularities which led to that). The club would most likely be reformed presumably with Hoffman consortium ownership? I can't see that being a path to heaven either. Although their hearts are in the right place I can't see them having the financial clout to get us anywhere fast, and there is still the stadium problem.

Do you see a good way out of this mess?
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I can see how it is being painted yes. That if wasps hold out we get liquidated and all is good because somebody will get handed the club to run. It's that sort of shite that happened when Haskell was about.

Have heard it all before about letting the club die so that somebody can be handed the good bits only and start again.

It's nearly as obvious as Hoffman being pictured meeting wasps the last time negotiations started.

If people are planning to try and kill the club is not for me. Just sounds like the last time this sort of thing was pushed.

Far too blatant.
 
mark_ccfc

mark_ccfc

Well-Known Member
Nick said:
It's getting obvious that the thought is the fans setup a company and get handed the good bits of ccfc and none of the debt and bad bits.

It's up there with the sky blue trust calling for administration on tv. It's a very dangerous game and as seen when ACL tried to force a new owner, it didn't work.

If it ends up in the club dying it's not a good result. Easier to just promote cov United or sphinx.
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I can't see fan ownership working. Is there any club above league 1 under fan ownership?
 
mark_ccfc

mark_ccfc

Well-Known Member
Nick said:
I can see how it is being painted yes. That if wasps hold out we get liquidated and all is good because somebody will get handed the club to run. It's that sort of shite that happened when Haskell was about.

Have heard it all before about letting the club die so that somebody can be handed the good bits only and start again.

It's nearly as obvious as Hoffman being pictured meeting wasps the last time negotiations started.

If people are planning to try and kill the club is not for me. Just sounds like the last time this sort of thing was pushed.

Far too blatant.
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Nick said:
I can see how it is being painted yes. That if wasps hold out we get liquidated and all is good because somebody will get handed the club to run. It's that sort of shite that happened when Haskell was about.

Have heard it all before about letting the club die so that somebody can be handed the good bits only and start again.

It's nearly as obvious as Hoffman being pictured meeting wasps the last time negotiations started.

If people are planning to try and kill the club is not for me. Just sounds like the last time this sort of thing was pushed.

Far too blatant.
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You really think WASPS will hold out and try to force CCFC into liquidation? That is worrying.
 
Spurs 'City Away Kit' Kit

Spurs 'City Away Kit' Kit

Well-Known Member
I haven't read the entire thread but are we confusing liquidation with administration? Doesn't liquidation means we are over as a club and we can apply to the FA to start a new club (like AFC Wimbledon did when their Football League share was taken to MK) and they will let us begin again in the 9th teir of football and work our way up?

If all of this is covered off I apologise, just haven't got the energy to play catch up.
 
mark_ccfc

mark_ccfc

Well-Known Member
Spurs 'City Away Kit' Kit said:
I haven't read the entire thread but are we confusing liquidation with administration? Doesn't liquidation means we are over as a club and we can apply to the FA to start a new club (like AFC Wimbledon did when their Football League share was taken to MK) and they will let us begin again in the 9th teir of football and work our way up?

If all of this is covered off I apologise, just haven't got the energy to play catch up.
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No, I have not got it mixed up. Liquidation is where the club closes and needs to be reformed.
 
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chiefdave

chiefdave

Well-Known Member
mark_ccfc said:
Liquidation is very unlikely, it would cause a major headache for the EFL, there will be enormous pressure form many parties for this not to happen. But whenever liquidation is mentioned everyone runs round saying the club will die, there will be no games to watch, I was just pointing out that is not necessarily true and quoting an example. Admittedly Nuneaton are a far smaller club, and probably not the best comparison, but nonetheless are an example. They have even taken back their original name from before liquidation.
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Nuneaton fans are a bit liberal in their interpretation of what happened. The reality is they weren't relegated a couple of divisions as some sort of punishment. The existing club ceased to exist and were therefore no longer in the National League. A new club was formed and the FA placed that club in the Southern League Midland Division. They also ruled the Borough name could not be used as this would lead people to believe it was the same club continuing.

So let's look at what would happen to us in reality.

The likely cut off for confirming we have a stadium for next season will be the EFL meeting at the end of the season, it is supposed to be earlier (February I think) but that will be pushed back as late as possible. If at that point we have no agreement we will lose our membership of the EFL. Not a problem for them, they will just promote an extra team so they have the right number of teams in each division.

That will undoubtedly lead to liquidation and with that goes the history of the club. The team Jimmy Hill managed, the team that won the FA Cup and so on, that all ceases to exist. A new club, an AFC Coventry, can be formed and they can play in Sky Blue and make some sort of emotional claim to being the same club but it won't be.

AFC Coventry would then be placed by the FA into the pyramid. In theory they would start similarly to Coventry United in the Midland Combination. In practice should the FA believe there is enough interest they would be placed higher for safety reasons, most likely National League North. But there's a catch, they deadline to apply for next season would have been missed so we would have a season without a team at all.

Realistically how much of the current fanbase do you think would be retained given we'd move ground and not have a single player or the same manager linking the two? How many people would turn up week in week out to Liberty Way or the Butts to see the new club play the likes of Brackley Town and Guiseley?
 
B

Brighton Sky Blue

Well-Known Member
Spurs 'City Away Kit' Kit said:
I haven't read the entire thread but are we confusing liquidation with administration? Doesn't liquidation means we are over as a club and we can apply to the FA to start a new club (like AFC Wimbledon did when their Football League share was taken to MK) and they will let us begin again in the 9th teir of football and work our way up?

If all of this is covered off I apologise, just haven't got the energy to play catch up.
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All depends on the speed with which things are done. In Rangers' case a new company was set up in anticipation of the bankruptcy and the assets were quickly transferred across from the 'original' Rangers. Though you've also got to remember that it really wasn't in the interests of Scottish football to properly bust one of its biggest clients. If the assets were transferred to another company before the old Cov were liquidated then who knows. This is where all the faffing around about CCFC Ltd/CCFC Holdings/Otium/SBS+L could come in handy...
 
ccfcway

ccfcway

Well-Known Member
chiefdave said:
The likely cut off for confirming we have a stadium for next season will be the EFL meeting at the end of the season, it is supposed to be earlier (February I think) but that will be pushed back as late as possible. If at that point we have no agreement we will lose our membership of the EFL. Not a problem for them, they will just promote an extra team
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Don’t agree. It would be a big problem for them as that’s the last thing they will want to do
 
B

Brighton Sky Blue

Well-Known Member
Liquid Gold said:
Not really. Maybe read in to it. A new company was set up that acquired their assets and luckily for them their supportiers recognised them. If you think that would happen here then you’re the most gullible c**t on here.

You think the EFL will go out on such a limb for us as the SPL did for Rangers?
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As I recall the Scottish clubs were asked to vote on their fate. Even after being given a lot of leeway in what went on it will probably take them a decade or more since 2012 to get to their former strength, and that was pulling in 45-50,000 a week in the lower leagues. A phoenix Cov could be formed but with Cov Utd at a similar level, really what would be the point?
 
B

Brighton Sky Blue

Well-Known Member
ccfcway said:
Don’t agree. It would be a big problem for them as that’s the last thing they will want to do
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They only apply their rules against teams who can't fight back so would expect the book to be thrown at us. Note they have done absolutely jack shit to help...
 
ccfcway

ccfcway

Well-Known Member
Brighton Sky Blue said:
They only apply their rules against teams who can't fight back so would expect the book to be thrown at us. Note they have done absolutely jack shit to help...
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Our owners would surely fight back akin to the way they are currently doing on other matters ?
 
B

Brighton Sky Blue

Well-Known Member
ccfcway said:
Our owners would surely fight back akin to the way they are currently doing on other matters ?
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Only if they need the club alive in order to sustain the legal action. Right now they seem to be using its fate as an emotional bargaining chip as they did in trying to bust ACL in 2013-14. They underestimated Wasps' own willingness to relocate then and I suspect they are overestimating how much Wasps stand to lose from us leaving.
 
ccfcway

ccfcway

Well-Known Member
Brighton Sky Blue said:
Only if they need the club alive in order to sustain the legal action. Right now they seem to be using its fate as an emotional bargaining chip as they did in trying to bust ACL in 2013-14. They underestimated Wasps' own willingness to relocate then and I suspect they are overestimating how much Wasps stand to lose from us leaving.
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Similar issue. They would surely need to keep us alive to demonstrate losses ?
 
B

Brighton Sky Blue

Well-Known Member
ccfcway said:
Similar issue. They would surely need to keep us alive to demonstrate losses ?
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The dispute is about the sale to Wasps so I don't see what they need the club for in that respect. As disgusting as it is we are only still at the Ricoh because Wasps just so happened to give us a short term extension. As much as it pisses me off to say it SISU need to stop playing silly buggers and allow the club to negotiate the best possible deal with our insect overlords.
 
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