ericagradus
Member
According to Les Reid's latest tweet.
More details in the morning
More details in the morning
CVA not agreed (4 Viewers)
- Thread starter ericagradus
- Start date
ericagradus
Member
Could someone kindly summarise potential impact of not agreeing cva on sixfields move?
skyblue025
Well-Known Member
1. We lose 15 points.
2. There will be further investigation into CCFC Ltd
3. CCFC Ltd may/will be liquidated meaning ACL get nothing or next to nothing.
4. While we remain in Admin Fl have said no Ground share however they are likely to back track as long the games go ahead.
2. There will be further investigation into CCFC Ltd
3. CCFC Ltd may/will be liquidated meaning ACL get nothing or next to nothing.
4. While we remain in Admin Fl have said no Ground share however they are likely to back track as long the games go ahead.
stupot07
Well-Known Member
We won't be at the Ricoh if true
georgehudson
Well-Known Member
gosh, well done Mr Appleton, you've engineered your fee, the Coventry City fans will look forward to meeting you, imho
dongonzalos
Well-Known Member
How can talks about whether the club will return to the Ricoh. Depend on the CVA getting signed first.
You cannot negotiate about what you want before you negotiate.
It is similar to when you negotiate. You have a position and don't budge. The other side budge until they have enough.
SISU need to seriously look at themselves!!!!
You cannot negotiate about what you want before you negotiate.
It is similar to when you negotiate. You have a position and don't budge. The other side budge until they have enough.
SISU need to seriously look at themselves!!!!
If we started the season on +15 points we would struggle to stay up with the state the club is in. League 2 football is a dead cert next season if we don't get liquidated first.
I'm sure Sisu will have enough skeletons in the cupboard to hang themselves so roll on the investigation so we can finally get our club back in what ever state it will emerge
I'm sure Sisu will have enough skeletons in the cupboard to hang themselves so roll on the investigation so we can finally get our club back in what ever state it will emerge
Delighted if it means a deeper investigation into what has been going on.
Delighted also if it implicates the FL in being utterly spineless as an organisation that is barely worthy of that description.
This could be the start of something big for the whole game. Well done ACL!
Delighted also if it implicates the FL in being utterly spineless as an organisation that is barely worthy of that description.
This could be the start of something big for the whole game. Well done ACL!
SkyBlue_Bear83
Well-Known Member
Just for clarification the tweet says he is getting hints the CVA won't be signed
It isn't yet fact
It isn't yet fact
SkyBlue_Bear83
Well-Known Member
Yep -15 points
No chance of returning to the Ricoh
Prolong admin and embargo meaning no new signings
SISU will likely still be in charge
Feckin brilliant
covmark
Well-Known Member
Jesus Christ, "well done ACL" that comment sums you up. You're an utter disgrace. You do know any hope of playing at the Ricoh is gone if this is true, but that obviously doesn't bother you
ConnorDevine
Well-Known Member
It'll be a close cut thing, but this COULD be a saviour, if SISU get outed because of their dodgey finances spending a year in league 2 wouldnt kill us. (also considering we nearly survived the championship using mostly our academy i think we could survive league 1)
although liquidaton is a possibility which aint as cool
although liquidaton is a possibility which aint as cool
Otis
Well-Known Member
Otis
Well-Known Member
But investigation a very good thing!
As far as I can see:
Accept CVA:
- Start on zero points.
- Come out of admin and can begin signing players in a month's time.
- Perhaps see ACL and SISU on some reasonable business relationship that could lead to CCFC at the Ricoh.
- SISU retain control of the club.
Reject CVA:
- Start on -15 points.
- Remain in admin for longer and see no new signings for a long time.
- See any chance of a return to the Ricoh all but disappear.
- SISU retain control of the club.
If I'm missing something incredibly obvious let me know, but I see absolutely nothing to suggest this is anything but terrible news for CCFC fans. Sure, rejecting the CVA means an investigation but what are people expecting to come of that? As administration experts SISU will deal with situations like this on a daily basis. I can't see them making such a glaring oversight that they will have left open the possibility of being removed from the club on anything other than their own terms.
Sorry to sound downbeat, but this makes the whole thing a hell of a lot worse, not better.
Accept CVA:
- Start on zero points.
- Come out of admin and can begin signing players in a month's time.
- Perhaps see ACL and SISU on some reasonable business relationship that could lead to CCFC at the Ricoh.
- SISU retain control of the club.
Reject CVA:
- Start on -15 points.
- Remain in admin for longer and see no new signings for a long time.
- See any chance of a return to the Ricoh all but disappear.
- SISU retain control of the club.
If I'm missing something incredibly obvious let me know, but I see absolutely nothing to suggest this is anything but terrible news for CCFC fans. Sure, rejecting the CVA means an investigation but what are people expecting to come of that? As administration experts SISU will deal with situations like this on a daily basis. I can't see them making such a glaring oversight that they will have left open the possibility of being removed from the club on anything other than their own terms.
Sorry to sound downbeat, but this makes the whole thing a hell of a lot worse, not better.
D
Deleted member 5849
Guest
We'd only know if that was true after any investigation.
The same as we'll only know if there's any cause for a judicial review after the application is heard.
We haven't had any good news since we've been in admin....fear the worst. ...anybody who thinks not signing the cva will be of any benefit is in for a big shock....things will get alot worse....we'll just about stay up with the squad we've got.start on - 15 and relegation is a cert.league two and sisu/otium still here.The whole going into administration will be a complete waste of time.hate sisu but acl/ccc could have stopped this months ago.
SkyBlue_Bear83
Well-Known Member
What is the investigation into and who investigates though? If it is the current administrator Appleton who is doing the investigation then it is a pointless exercise.
Otis
Well-Known Member
Well true, but there have been rumblings.
Like you, I would like to see the investigations go a long way back further.
Otis
Well-Known Member
Surely wouldn't be Appleton would it?
covmark
Well-Known Member
Great post, couldn't agree more
WiganSkyBlue
Member
Investigations into possible dodgy dealings by SISU, or whatever they call themselves this year? Ooh! Joy won't like that will she, having the spotlight turned on her empire. Bring it on say I, and maybe, just maybe the FL and/or FA might find a backbone. And maybe Appleton will decide to use all his powers under the Insolvency Act to find out why the auditors signed off accounts that, so we are led to believe, may not have been totally accurate (but they might have been).
SkyBlue_Bear83
Well-Known Member
No idea but I doubt any good will come from the investigation, if it does then brilliant I'm ecstatic. If nothing is found then ACL will have forced -15 points on us and ensured the embargo remains for much longer for nothing
If the roles were reversed SISU would be accused of gambling with the future of the club.
Delboycov
Active Member
Mixed feelings really...Certainly a negative thing for the team in so many ways but if this is the only opportunity we have of unearthing any dodgy or even illegal activities by whoever is running our club then surely that's what all fans who have the club at heart would want. I would've given anything for investigations to have taken place into the actions of BR and others and I wouldn't like to be in the same position again in a few years after SISU inevitably take us further into the abyss....at least there will then be no need for innuendo after innuendo whatever the outcome.
Otis
Well-Known Member
I just want this whole mess sorted.
Guess none of us know the ramifications of all this. Would be nice to hear what aCL have to say as to the reasons for such a decision.
D
Deleted member 5849
Guest
Might be handy to wait until tomorrow, and if it's a full-on rejection... and what happens if it is.
D
Deleted member 5849
Guest
That at least would be true.
The fear as always is whether the 'right' side gets swept up in the collatoral damage.
covmark
Well-Known Member
what happens if no wrong doing comes of any investigation, by then we'll be well and truly screwed. Just can't see any positives from this, it's a big gamble delboy, and like someone said earlier, if sisu played such a gamble they would be accused of jeopardising the existence of ccfc
Delboycov
Active Member
I agree Otis...I'm sick of it now! I think I've been quite clear as to who I believe are the main culprits in this sorry mess but I just get the feeling that both sides are using the fans to get what they want and feck what happens to us or the club...it's just so frustrating watching the club being torn apart and not being able to do anything about it.
Delboycov
Active Member
Very true NW and as fans we just have to stand back and watch them fight it out and hope that the best outcome for CCFC follows....
Delboycov
Active Member
Agree with you about it being a gamble and the most frustrating thing is we won't know if it was a gamble worth taking until it's all over and the dust settles. What makes me very angry is that both sides are gambling with the very future of our club and I question their moral right to do that...one thing playing 'hard ball' in business but when they're using the emotional ties of fans to get what they want then for me that is unforgivable.
grego_gee
New Member
No not quite astounding! just a bit more than astonishing I'd say!
fans of any other club would be baying for blood from whoever the landlord was! Not defending them!
If ACL had a team Half of this lot would support them!
wait a minute! Half already support ACL WITHOUT a team!
WHO needs a team!
imp: