Potential "interesting news"? (8 Viewers)

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Sub

Well-Known Member
messi and nesta join on loan gary mac and david bell go the other way till end of the season permament deal to be signed at the end of season :whistle::whistle::whistle::whistle::whistle::whistle:
 
Houchens Head

Houchens Head

Fairly well known member from Malvern
I've just wasted 30 seconds of my life looking at this link. What an utter waste of time! Anyone can stick shite on Twatter and Faithbook. Doesn't mean a thing without substance. Why just put a subject line up like "Interesting development coming up at Coventry City..." without saying any more?
 
ccfctommy

ccfctommy

Well-Known Member
Houchens Head said:
I've just wasted 30 seconds of my life looking at this link. What an utter waste of time! Anyone can stick shite on Twatter and Faithbook. Doesn't mean a thing without substance. Why just put a subject line up like "Interesting development coming up at Coventry City..." without saying any more?
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It's a journo for the Guardian mind, the same paper that said we were going into administration in the next week.
 
Houchens Head

Houchens Head

Fairly well known member from Malvern
That explains it. The Guardian - one step up from the Beano!
 
WestEndAgro

WestEndAgro

Well-Known Member
Houchens Head said:
I've just wasted 30 seconds of my life looking at this link. What an utter waste of time! Anyone can stick shite on Twatter and Faithbook. Doesn't mean a thing without substance. Why just put a subject line up like "Interesting development coming up at Coventry City..." without saying any more?
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I'm guessing more will be reviled as people tweet or post.

The guy is a journalist with sports and football listed as specialist subjects ? So a who knows , their may be something in it .
 
Gray

Gray

Well-Known Member
this is going to be another one of them told you so threads...Just wait and see we might get a nice surprise or not
 
J

Jack Griffin

Guest
This is the full, unedited, statement that has just been issued by ACL.
http://www.kevinjfoster.com/view_news.php/263/ACL-Statement-on-Administration-Application
STATEMENT FROM ARENA COVENTRY LIMITED 13 MARCH 2013: Embargo for 19.00

The Board of Arena Coventry Limited (ACL) announces that it has made an application to the High Court in London to request that it make an administration order against Coventry City Football Club (CCFC). The application relates to CCFC's failure to pay ACL £1.3m in rent that ACL is lawfully owed for CCFC's use of the Ricoh Arena.

The application to the High Court now means that:
� At a date in the next few weeks, the High Court will consider CCFC's financial position, and whether it is fit to continue trading. If the High Court rules that this is not the case, CCFC will be placed into administration.
� If the High Court determines that CCFC should be placed into administration, the High Court will then appoint an administrator to sell CCFC to a buyer that is able to restore financial stability to the Club.
� It will provide for an interim period, pending the outcome of the hearing, during which other parties (including CCFC owner, Sisu) will be unable to wind-up or liquidate CCFC.

Nicholas Carter, Chairman, Arena Coventry Limited, said: "It is highly unfortunate that we have had to take this course of legal action. Had we not taken this action, then the alternative might have been catastrophic for CCFC.
"We are owed a considerable amount of money in rent arrears. While it is imperative that ACL takes action to recover these arrears and to stop the arrears growing, it is important for us to find a solution that can provide for the survival of the Sky Blues. Hopefully this action will ultimately put CCFC on a stable financial footing for the future.

"Following recent statements in the media from the CCFC's owners threatening the Club with liquidation, we are keen to stop this from happening. Our action prevents Sisu simply closing CCFC and walking away from the situation.

"We are, of course, well aware that under the current Football League regulations, CCFC will face a points deduction and we will do everything we can to ensure that the case is heard by the High Court before the end of the current season. While this opens up the possibility of a ten point deduction this season, the Board believes this is better than leaving CCFC facing a much larger deduction at the start of next season."

The decision to take this course of legal action follows the recent collapse of talks between ACL and Sisu in relation to rent arrears and future matchday revenue arrangements.

The ACL Board had previously put forward a Heads of Terms Agreement on 29 January 2013. This Agreement was discussed point by point in a series of meetings between the ACL Board and the three Club Directors and agreed verbally by all parties. The Club Directors, however, then proceeded to renege on this agreement.

Nicholas Carter added: "This legal action was unavoidable following CCFC's failure to accept what was a reasonable, fair and generous best and final offer on rent and matchday revenue arrangements. The Club's owners now have one final chance to pay debts lawfully due or face the possibility of being placed into administration by the High Court.

"Make no mistake; the Directors of ACL take very seriously their legal responsibilities to their shareholders to recoup the money that CCFC owes. ACL is a strong business with a track record of profitability which, through the fantastic Ricoh Arena facility, has played a big part in raising the profile of Coventry nationally and internationally.

"But at the same time we care deeply about the city's Football Club. We want to give it the best possible chance of survival in the Football League rather than face the prospect of liquidation."
-ENDS-
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PS there is a new pope..
 
P

procdoc

Well-Known Member
Looks like the end is nigh. I suppose the usual suspects will stick up for our fantastic owners. I just pray that someone else will rescue us before we're finished completely.
 
covkid69

covkid69

Well-Known Member
well that just about fucks up our chance of the play offs...cheers sisu...:jerkit::jerkit::jerkit:
 
B

Bluegloucester

New Member
Better we go into admin now than next season. Worried about the timing. Hope FL take this as before 28/3 cutoff date. Starting next season with -10 points not good. All Cov fans must stick together.
 
Sub

Sub

Well-Known Member
if sisu pay up before we are put in admin there are no points deductions are there ? is this just a final demand by ACL telling sisu to sign the contract pay what you owe and sort your shit out ?
 
R

RoboCCFC90

Well-Known Member
Bluegloucester said:
No chance, wait and see. Can't see Sisu lying down and taking it. This is going to drag on. Keep the faith
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I agree the clubs owners aren't going to take this lying down, I wished it hadn't come to this.. MMM here is your "Check" move.
 
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