its liquidation (7 Viewers)

[skybluesam66]

over already

 

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[ricohman]

Is this confirmation or your guess

 

[deanocity3]

comfirmed !!

 

[skybluesam66]

confirmed les reid

 

[deanocity3]

Les Reid ‏@Lesreidpolitics 3m
BREAKING: I'm told #CCFC Ltd creditors meeting has ended after 10mins. Rcoh firm ACL reject CVA & liquidator to be appointed

 

[robbieray]

Only lasted 10 mins

 

[jon92]

Atleast it never got delayed again

 

[SkyBlueRuffian]

So now what, will the administrator but the club (CCFC Ltd) back up for sale?

 

[skybluebeduff]

What happens now then to us????

 

[hotrod]

It's Liquidation.

What actually happens now? normally if a business is liquidated all its assets are sold to pay off its debts & the business ceases to exist.

Hope this is not correct.

Regards.

 

[italiahorse]

On your way Paul Appleton.
Lets find out what has happened here.
SISU dirty washing here we come ...................................

 

[SkyBlueScottie]

Still plenty of time for this to rumble on, after all whats to say the agreement for ground share ties us to a whole season there....

 

[hill83]

Depressing. What happens now?

 

[The lost fan]

Nothing official yet !

 

[deanocity3]

heard Higgs agreed to the CVA but council/ACL said no

 

[ajsccfc]

So -15 points and definitely playing 30 miles away I take it. Any other delicious scoops of good news to be heaped on?

 

[SkyBlueRuffian]

What actually happens now? normally if a business is liquidated all its assets are sold to pay off its debts & the business ceases to exist.

Hope this is not correct.

Regards.

only CCFC Ltd........CCFC Holdings still remains.

 

[italiahorse]

What actually happens now? normally if a business is liquidated all its assets are sold to pay off its debts & the business ceases to exist.

Hope this is not correct.

Regards.

I don't know
They have no assets other than the "Golden Share" which is with the football League at the moment !!
Probably been better regards points deduction if it was with Holdings. Why with Ltd ?
We will find out now that we are liquidated and that SISU puppet Appleton (IMHO) can pi$$ off.

 

[deanocity3]

Morphy Richards to be the Liquidator

 

[jesus-wept]

Was inevitable and has tough as it is we have to respect the reasons which will have been gone over with a fine tooth comb. Ball is now firmly in Appleton and also the Northampton Town chairman's court. HE CAN STILL SAY NO

 

[Sky Blues]

Les Reid ‏@Lesreidpolitics
.. I'm told Peter Knatchbull-Hughesen voted FOR CVA for Higgs, ACL voted against, the club for CVA. #CCFC will be liquidated

 

[Nick]

Apparently nothing is in Ltd so surely it doesn't matter if that goes?

 

[jimmyhillsfanclub]

Morphy Richards to be the Liquidator

I heard it was gonna be Harry J Allstars....

 

[ccfcway]

so much for trying to kepp all of this on one thread

 

[The Penguin]

So -15 points and definitely playing 30 miles away I take it. Any other delicious scoops of good news to be heaped on?

We have a squad of 21 with an average age of 8.

NOW do you feel better?

 

[skybluesam66]

transfer embargo probably for the season

 

[CarpyCov84]

Surely CCFC ltd can be put back up for sale now then & golden share goes with it ???

 

[Grendel]

Surely CCFC ltd can be put back up for sale now then & golden share goes with it ???

Nope ownership is in holdings this just means minus 15 points and Northampton.

 

[deanocity3]

Surely CCFC ltd can be put back up for sale now then & golden share goes with it ???

come on preston haskell

 

[ccfc_Tom]

gotta be the nail in the coffin for relegation this season

 

[The CableGuy]

What happens now then to us????

We get cold, -15 points, could be more.

 

[oldskyblue58]

Just to be clear it was the Alan Higgs Center Trust that was owed the money not the Alan Edward Higgs Charity. Two seperate entities. PWKH as director/co sec of AHC Trust was there to represent their interests alone. It is quite likely the AHC Trust best interest was to recover some of their debt and to vote for the CVA. Do not assume their best interest is linked to ACL it is not

It should not be assumed there is a split between the Higgs Charity and the Council within ACL. I doubt there is any split

 

[KG7]

Are the Bomb Squads contracts in LTD?

 

[hill83]

Should we play 4-4-2 or 3-4-3 this season?

 

[Deleted member 4439]

Haven't kept up with this. Could someone explain why ACL would opt for liquidation? Sorry if this appears a dumb Q.