Bid Deadline Extended until Thursday (4 Viewers)

[Nick]

Apparently now extended to Thursday.

Why keep extending it? What is he waiting for?

 

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[ajsccfc]

They reckon there are six bids and Byng's gang isn't one of them, so it might be down to confusion and it's for their benefit?

 

[Brighton Sky Blue]

Doesn't stack up if SISU's bid is the clear front runner.

 

[Nick]

Oh, I can't see what confusion there could be. They have either bid or they haven't surely?

 

[wingy]

does that mean the creditors meeting moves back?

 

[wingy]

Or there are talks going on around Holdings.

 

[ajsccfc]

Byng told the Telegraph that he was a bidder only last night, so I can only guess that there's some ambiguity or confusion about the process rather than him just making it up.

 

[SonofErnie]

The administrator's statement reads: "Following Friday's deadline, I have received a number of indicative offers for the assets of Coventry City FC Limited.

"I am now inviting all interested parties to provide their best and final offers by noon on Thursday June 13.

"Having discussed the situation with the Football League and with the fixtures for the 2013-14 season due to be published on June 19, I believe the sale process must conclude quickly in order that arrangements can be made for the participation of Coventry City Football Club in the forthcoming season. "

There are only 2 scenarios where the sale process could conclude quickly:

1. SISU are preferred bidders
2. SISU and a.n.other bidder are in advanced negotiations

On balance option 1 seems a 99% certainty

 

[wingy]

I have a feeling he's been making things up

 

[wingy]

The administrator's statement reads: "Following Friday's deadline, I have received a number of indicative offers for the assets of Coventry City FC Limited.

"I am now inviting all interested parties to provide their best and final offers by noon on Thursday June 13.

"Having discussed the situation with the Football League and with the fixtures for the 2013-14 season due to be published on June 19, I believe the sale process must conclude quickly in order that arrangements can be made for the participation of Coventry City Football Club in the forthcoming season. "

There are only 2 scenarios where the sale process could conclude quickly:

1. SISU are preferred bidders
2. SISU and a.n.other bidder are in advanced negotiations

On balance option 1 seems a 99% certainty

Then why the extention?

 

[Godiva]

Byng told the Telegraph that he was a bidder only last night, so I can only guess that there's some ambiguity or confusion about the process rather than him just making it up.

He forgot to put his bid in a letter headed paper.

 

[torchomatic]

Well, what do you expect from a SISU puppet? This gives it away:

"I am now inviting all interested parties to provide their best and final offers by noon on Thursday Octvember 33rd.

I have a feeling he's been making things up

 

[ajsccfc]

I promise I'm not the Les Reid RSS feed or anything:

Byng tells me he's checking email records to see if it got lost in cyberspace! He says administrator checking too

You'd think with all that South-East Asian expertise he'd be able to get the SMTP settings right.

 

[Sky blue north east]

If sisu are so much the best/preferred bidder surely they be no need to extend it if he wants it tied up quickly,something don't add up.....

 

[crowsnest]

Last Friday was for an indicative offers.

June 13 is for final offers

 

[Nick]

I promise I'm not the Les Reid RSS feed or anything:



You'd think with all that South-East Asian expertise he'd be able to get the SMTP settings right.

Embarassing, surely they would have spoken on the phone to confirm it was there etc?

 

[@richh87]

It's not an extension. The deadline was for indicative bids. Thursday is for final bids.

At least it'll be concluded quickly either way. Then I can either get very excited, or find another past time.

 

[Nick]

Ah, so last week it was just I am interested and now it is down to the T's and C's.

 

[ajsccfc]

I'm pleasantly surprised that they use email rather than fax. Fax just seems so 80s.

 

[torchomatic]

pop3.sisuout.com

smtp.sisuout.com

I promise I'm not the Les Reid RSS feed or anything:



You'd think with all that South-East Asian expertise he'd be able to get the SMTP settings right.

 

[Ashdown1]

June 13th, 6 days before the fixtures are due out. I'd imagine the FL have included us in the list now, irrespective of where/if we are playing !!

 

[Matty_CCFC]

I belive there is a secret tie up between Byng and SISU.

 

[_brian_]

I promise I'm not the Les Reid RSS feed or anything:



You'd think with all that South-East Asian expertise he'd be able to get the SMTP settings right.

You're probably thinking what I'm thinking: Fisher's managed to get that email deleted somehow! The bloody sw*ne! Is there nothing his grubby mitts haven't touched?!?!

 

[Godiva]

I'm pleasantly surprised that they use email rather than fax. Fax just seems so 80s.

He didn't ... he sent it by train. It will turn up eventually ... or not.

 

[wingy]

He's out on the Posted Rule.

 

[@richh87]

I belive there is a secret tie up between Byng and SISU.

It might be the only way we get SISU out - so I hope there is

 

[Colin1883]

How can final bids go in when Appleton/fl still haven't declared what's in ltd?

 

[covcity4life]

this is NOT an extention, its a new deadline for new formal bids.

we are moving forward

byng said he was finding it ahrd to keep his investers interested in ccfc so maybe its for the best

 

[ricohman]

This is really starting to piss me off, another extension.

 

[Bluegloucester]

I belive there is a secret tie up between Byng and SISU.

I don't think it's secret, posted elsewhere he is in regular contact with Fisher and Seppala.

 

[oldskyblue58]

I dont think it is an extension as such. He had indicative bids in by last Friday. From those now included in the process, he wants their formal final bids by Thursday, its just the next stage in the process.

As for creditors meeting I think the maximum period he can adjourn is 14 days without holding the meeting again. Perhaps he can the adjourn again buit would need to call a meeting to do it?

Some bidders will drop out but i would guess PA will be getting loads of pressure off both of the main parties in this

 

[wingy]

Yet he seems resistant to it .

He did cut the last window in half though.

 

[Samo]

It's not an extension. The deadline was for indicative bids. Thursday is for final bids.

At least it'll be concluded quickly either way. Then I can either get very excited, or find another past time.

That's exactly how I feel. I'll know soon enough whether I have a club to follow. If SISU retain control, I'm gone.

 

[Stafford_SkBlue]

The Asians only interested in the railway - no good for City - Byng a timewaster / publicity seeker now out of the equation - great news.

Appleton says all done before fixtures released on 19 June.

 

[wingy]

Of course the longer this drags on the more the likely hood he will negotiate a deal to play at the RICOH.
Now TF may say this is massively frustrating for the club sorting its arrangements, Ground wink wink , but gets him massively out of Jail .