Grendel
Well-Known Member
I thought it was Arvo ltd that was registered in Cayman Islands with the assets? More hopeful than I have been for a long time after conversation yesterday with a friend from CCC. Won't be easy but sisu know they are backed in a corner and while I personally think they have been no better or worse in their financial support of our club, I think sisu know they have no chance of dealing with acl or CCC for more of the Ricoh. The hope comes from the thought that other companies/investors will be interested for the same reasons sisu were/are and CCC/acl will deal with them as they will trust them
However sisu can quite easily device to liquidate the club unless they can negotiate a settlement figure to leave.
It is highly unlikely any such settlement will be reached
Rather than appoint an administrator at cost to the hedge fund a conceivable option is that they will liquidate the business.
Football league rules then come into play with liquidated companies.
The suggestion that the council are allowed to play god and decide who are fit and proper owners of a football club is outrageous.