can anyone simplify what's going on (5 Viewers)
- Thread starter wolfie
- Start date
Flying Fokker
Well-Known Member
We're fucked at the moment!
mattylad
Member
I know there is a few threads going on about today's events. but can any one tell me in layman's terms what the hell is going on. Im not stupid but i am totally confused over this. and the sky sports report doesn't really make things clearer. i want to scream....
Having reviewed it all here is how I see it.......
ARVO has asserted its position as main creditor over ACL as is their legal right.
CCFC Ltd going in to admin will cost the club 10 points this season regardless of the fact they might have moved the golden share.
CCFC Ltd going in to admin may well have broken the lease the club were tied in to with ACL (which was SISU'S main aim as soon as ACL were refinanced)
SISU hope by appointing its own administrator that a deal will be struck with ARVO for them to carry on running CCFC holding.
ACL will attempt on Tuesday to show that CCFC Ltd and CCFC holdings are the same businees so one going into admin without the other unlawful.
If ACL are successful they will ask that CCFC holdings be put in to admin and that the court appoint an administrator (p&a) over both companies.
ACL realise that refusing CCFC playing at the Ricoh weakens its position in court on Tuesday and for now at least will keep that option in place.
If ACL gets its choice of administrator then it can push for the sale of the club to a new owner.
ARVO can refuse any offer on the table it does not like and we could start next season with a minus points tally.
Chances of a new owner in before the start of next season? Ask me after Tuesday.
ARVO has asserted its position as main creditor over ACL as is their legal right.
CCFC Ltd going in to admin will cost the club 10 points this season regardless of the fact they might have moved the golden share.
CCFC Ltd going in to admin may well have broken the lease the club were tied in to with ACL (which was SISU'S main aim as soon as ACL were refinanced)
SISU hope by appointing its own administrator that a deal will be struck with ARVO for them to carry on running CCFC holding.
ACL will attempt on Tuesday to show that CCFC Ltd and CCFC holdings are the same businees so one going into admin without the other unlawful.
If ACL are successful they will ask that CCFC holdings be put in to admin and that the court appoint an administrator (p&a) over both companies.
ACL realise that refusing CCFC playing at the Ricoh weakens its position in court on Tuesday and for now at least will keep that option in place.
If ACL gets its choice of administrator then it can push for the sale of the club to a new owner.
ARVO can refuse any offer on the table it does not like and we could start next season with a minus points tally.
Chances of a new owner in before the start of next season? Ask me after Tuesday.
Lord_Nampil
Well-Known Member
Darryl Murphy @darryljoemurphy 1m
BREAKING: Can confirm @Coventry_City staff at the @RicohArena are moving out. Club shop stock, offices etc being emptied into a large lorry
BREAKING: Can confirm @Coventry_City staff at the @RicohArena are moving out. Club shop stock, offices etc being emptied into a large lorry
shy_tall_knight
Well-Known Member
Is David Bell helping out as has done sweet FA all season on the pitch
covmark
Well-Known Member
Yawn, grendel and torch seem to be in a minority who aren't hypocrites on this forum
WestEndAgro
Well-Known Member
Yes we are up SHIT CREEK with no paddle
SkyblueBazza
Well-Known Member
In layman's terms - if you are trying to understand what has, is or will be happening "NO" is the answer.
You will get many posters offering information & speculation & statement of (non) fact & the odd genuine fact...but the reality is as follows: -
1. Only a very small number of people within each party know what their party's position actually is.
2. Only a very small number of people within each party know what their party's desired & realistic expected actually is.
3. Non of the people that know the above are going to share this information for fear of losing any potential/current gains.
4. Pretty much everything said by anyone outside of the few mentioned above (whoever they may be) wherever you see or hear it is likely to be heavily laden with speculation.
Best advice try to ignore it all until official statements are made...& take even those with a pinch of salt!
You will get many posters offering information & speculation & statement of (non) fact & the odd genuine fact...but the reality is as follows: -
1. Only a very small number of people within each party know what their party's position actually is.
2. Only a very small number of people within each party know what their party's desired & realistic expected actually is.
3. Non of the people that know the above are going to share this information for fear of losing any potential/current gains.
4. Pretty much everything said by anyone outside of the few mentioned above (whoever they may be) wherever you see or hear it is likely to be heavily laden with speculation.
Best advice try to ignore it all until official statements are made...& take even those with a pinch of salt!
Yawn another condescending pillock.
Sky Blue Kid
Well-Known Member
If it was transfered after June last year, it is also illegal from what I've been hearing.
covmark
Well-Known Member
Many thanks moron
Yawn another hollow insult
covmark
Well-Known Member
Seems we can all throw them around, what's good enough for you is good enough for me
Yawn insignificant comment
rob9872
Well-Known Member
Proper fucked?
wolfie
New Member
Thanks, at last something i understand. and i just heard the latest that ACL will not be locking the doors at the ricoh.
wolfie
New Member
are you one of the new writers on "yes prime-minister" ?
SkyblueBazza
Well-Known Member
are you one of the new writers on "yes prime-minister" ?
D'you know I have sometimes fancied having a go at scripting a sit-com.
olderskyblue
Well-Known Member
You missed out:-
Sisu now tell ACL that they agree to the rent deal previously offered, thereby getting the rent at a much reduced cost, having ridden themselves of the £1.4 million debt.
Sisu now tell ACL that they agree to the rent deal previously offered, thereby getting the rent at a much reduced cost, having ridden themselves of the £1.4 million debt.
Skyblueweeman
Well-Known Member
Well and truly....