AFCCOVENTRY
Well-Known Member
more to follow...
Court case off tomorrow (1 Viewer)
- Thread starter AFCCOVENTRY
- Start date
AFCCOVENTRY
Well-Known Member
The club say they've notified the Football Lge about developments and as it stands have NOT been deducted 10 points
AFCCOVENTRY
Well-Known Member
Club say this company was placed into administration at the High Court earlier today. No case being heard tomorrow
sw88
Chief Commentator!
Surely it would be down to the courts and not SISU to decide?
If the admin application order was placed against the club, but our owners have put some other company into admin, but not the club, then surely there should still be a hearing against the application against the club?
That sounds too confusing, and I wrote it
If the admin application order was placed against the club, but our owners have put some other company into admin, but not the club, then surely there should still be a hearing against the application against the club?
That sounds too confusing, and I wrote it
Jackoskyblue
Well-Known Member
My head is going to Blow I'm so confused!!!
Nonleagueherewecome
Well-Known Member
AFC, man are you quick to the source....you must have a great "connection"
Nonleagueherewecome
Well-Known Member
Surely it would be down to the courts and not SISU to decide?
If the admin application order was placed against the club, but our owners have put some other company into admin, but not the club, then surely there should still be a hearing against the application against the club?
That sounds too confusing, and I wrote it
Confusing, yes, but I think you are correct. I think..
Diehard Si
New Member
CJparker
New Member
Hhhmm
If I was SISU and was being really clever, I would separate the club from the rent by forming two sub-companies, one which pays the players and runs the club etc, and one which holds the ACL contract. They could then put the ACL-linked aspect of the club into liquidation, therefore writing off all debts and contracts with ACL, whilst continuing to trade normally otherwise.
If I was SISU and was being really clever, I would separate the club from the rent by forming two sub-companies, one which pays the players and runs the club etc, and one which holds the ACL contract. They could then put the ACL-linked aspect of the club into liquidation, therefore writing off all debts and contracts with ACL, whilst continuing to trade normally otherwise.
but that is'nt how its structured the rental lease is with CCFC ltd I believe.
SkyblueBazza
Well-Known Member
Sub-leasing perhaps? Maybe some clever-clogs in the ACL team didn't have something so sweet & simple covered in the agreement? I really don't know & given up trying to understand anything to do with whole sorry mess.
I'm just sitting back laughing at the other ignoramus with their amusing repostes
skybluehugh
New Member
But that would mean ACL could lock CCFC out of the ground wouldn't it, they would be squatting as they have no agreement or anyone paying for them to be play there? Just a genuine question as I am fully in the ACL camp on this sarga
Diehard Si
New Member
But would that turn public opinion against ACL if they banned the club from playing at the stadium and got them kicked out of the league?
Emotional and financial blackmail
Grendel
Well-Known Member
Oh yes that will be the final option and then the club will not fulfil its fixtures and then.......
When a milkman pits his wits against a multi million pound hedge fund what did you really expect?
We are now in real trouble.
AFCCOVENTRY
Well-Known Member
Case is off I believe. SISU dealt with the issues today at court today and their intention to put arvo into admin.
SISU win this round.
SISU win this round.
Diehard Si
New Member
2 completely contradicting posts in mins of each other. Washing my hands of this crap, let's see what tomorrow brings.
sw88
Chief Commentator!
But ARVO isnt CCFC. ACL court order was against CCFC was it not? So why would their hearing not go ahead when their (the clubs) situation hasn't changed?
Snozz_is_god
New Member
It's Coventry City FC Ltd, that has been put into administration, they owe ACL 1.3m
Coventry City FC Holdings haven't, they appear to now pay the players etc.
This is a bit of crafty maneuvering by SISU to try and avoid paying their debt with ACL, but I doubt they will get away with it.
sw88
Chief Commentator!
I hope its down to the judge and he makes the case go ahead and SISU have to explain themselves in court! Bound to trip up...........arent they?
sky blue zam
Member
case not cancelled, just adjourned cuz they ainy got a fecking clue either
SkyblueBazza
Well-Known Member
You might be right...the complexities of how these "businesses" come into being, why they came into being, how they are financed, who they pay & how they operate seems to be a pretty strong indication of the law being an ass again. A serious review of such manoeuvrings seems an urgent need!