Golden Share (6 Viewers)

[CJ_covblaze]

Les Reid: BREAKING: #CCFC administrator just declared @football_league golden share is with #CCFC Ltd. EIGHT bidders. More to come

 

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[Ccfcisparks]

Now this is when things start to get interesting!

 

[ccfc92]

yessssssssssssssss!!!!!!!!!!!!!!!!

 

[CJ_covblaze]

Darry Murphy

Breaking: administrator for Coventry City Ltd confirms it DOES have the Golden Share - but says its significance has been 'overstated' #ccfc

 

[stupot07]

He probably read psmgs post.

 

[Flying Fokker]

Timmy is in the mire on this one.

 

[Nick]

But sisu have the upper hand over other bidders don't they?

 

[rupert_bear]

8 bidders ? interesting

 

[SkyBlue_Bear83]

The thing that worries me though is SISU and Fisher must have known they didn't have the share (or at least a good chance that it would be with limited), yet they are still talking and planning for next season with full confidence.

 

[ccfc92]

could ccfc holdings bid for ccfc ltd?


also, which one has the 60 mill debt?

 

[Godiva]

8 bidders ? interesting

Let's see ... there were initialy five sisu adminstrated funds, then ARVO plus SBS&L plus Holdings. That's eight.
Wasn't PH4 supposed to make a bid?

 

[SkyBlueUkeman]

The thing that worries me though is SISU and Fisher must have known they didn't have the share (or at least a good chance that it would be with limited), yet they are still talking and planning for next season with full confidence.

They knew they had lost. Its just sheer desperation from their end. Postulating pricks.

 

[Ccfcisparks]

Peter Waterman back?

 

[rupert_bear]

But sisu have the upper hand over other bidders don't they?

Yes but they have to demostrate they can take the business forward and not go back into debt again, and satisfy the FL, just how they can do that with no ground or realistic proof and plans one is to be built i don't know and i am assuming any plan would have to be given to the administrator on the 29th.

 

[John_Silletts_Nose]

Peter Waterman back?

we should be so lucky!

 

[ccfc92]

anyone really believing its all going to change for the better now?

I want too, but it is CCFC

 

[Senior Vick from Alicante]

But sisu have the upper hand over other bidders don't they?

Why should they Nick, surely its down to the leagues fit and propper test and Sisu surely can't pass this a second time. PH1V will offer a credible alternative.

 

[Milky_1994]

Take it this is good news in a way

 

[CovLis86]

Surely sisu wouldn't bother making numerous separate bids. But to gain that much interest, then that would suggest it has all within it necessary (golden share, a way to write off majority of the debt etc)

 

[valiant15]

Fingers crossed that this is the end for toad face tim and miss septicaemia.

 

[wingy]

Why the qualification that its significance is overstated ? What effect on the value of LTD and his playing down on Value?:claping hands:

 

[cov_george]

So if I understand correctly the golden share is with LTD, & player registrations are with Holdings, gonna cost some to get new squad or get those players from holdings

 

[rupert_bear]

Let's see ... there were initialy five sisu adminstrated funds, then ARVO plus SBS&L plus Holdings. That's eight.
Wasn't PH4 supposed to make a bid?

See where you are coming from but can businesses accept bids for a wound up business from associates of that business ? The Football League deduct points from clubs should any part of the club go into adminisration

 

[mark82]

Let's not forget SISU as main creditor can pretty much reject any bid which I believe will then lead to a court case to force a takeover through without a CVA. That would then mean a points penalty next year.

 

[Steve.B50]

I think you will find a opulent of the bids are just silly bids.

 

[mark82]

So if I understand correctly the golden share is with LTD, & player registrations are with Holdings, gonna cost some to get new squad or get those players from holdings

Complete new squad would not be the worst thing in the world. I don't care if we are relegated this year as long as the future looks brighter. Need to think long term.

 

[ccfcmad1]

Hearing via Daryl murphy on twiter player registratons are with football leauge so guessing whoever buys LTD gets them?

 

[japandy]

8 bidders ? interesting

Don't be.

1. SISU Ltd
2. SISU 'Disney'
3. SISU . com
etc

 

[stupot07]

Yes but they have to demostrate they can take the business forward and not go back into debt again, and satisfy the FL, just how they can do that with no ground or realistic proof and plans one is to be built i don't know and i am assuming any plan would have to be given to the administrator on the 29th.

Anyone who takes over will put the club back in debt.

 

[ccfc92]

Anyone who takes over will put the club back in debt.

that's what i thought, is the debt with LTD?

but surely if LTD is in admin, then we start with a £0 balance? that's the whole point of admin isn't it?

 

[Steve.B50]

that's what i thought, is the debt with LTD?

but surely if LTD is in admin, then we start with a £0 balance? that's the whole point of admin isn't it?

That's how I understand it, starts with a blank sheet

 

[ccfc92]

That's how I understand it, starts with a blank sheet

then our amazing 10,000 avr attendance will bring us into the black

 

[Steve.B50]

Les Reid: BREAKING: #CCFC administrator just declared @football_league golden share is with #CCFC Ltd. EIGHT bidders. More to come

How accurate is this?

 

[ccfc92]

How accurate is this?

twitter accurate

 

[CovLis86]

Les Reid had had pretty good Information to this point so I'd go with it.