Administration Meeting 2/8/13 Official Thread (1 Viewer)

[Brighton Sky Blue]

Surely it must be sorted today because if the golden share isnt issued today we cant kick off tomorrow?

If it goes back to Holdings then really we shouldn't get a further sanction as, especially now, it is distinct from Ltd. Our friends at the League won't see it the same way despite having been totally spineless up to this point.

 

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[valiant15]

I assume this is in reply to me valiant, do you not think if the Ricoh is brought by SISU in stages that it gives them a way to leave and sell, let's say they can buy 20% every 2 years id say there would be no chance they will be here for 10 years so if they have part of the Ricoh surely there more likely to leave and sell up as they actually have something to sell? I'm with you I'd never want SISU to have full ownership but I'd sacrifice part of the Ricoh in order to get rid of the crooks

The thing is though,once they had some kind of ownership would they sell? Also, do sisu deserve to get some of/all of the arena for peanuts then sell it on for a profit? I don't think they deserve to make a penny after the way they've treated the fans. Sisu are bullies,they should realise that sometimes in business you lose. The sooner they cut their losses and go the better.

 

[ccfcway]

i expect nothing good to happen today

As a CCFC fan, thats been my early morning converstaion to myself every day since I was 7.

 

[Nonleagueherewecome]

Anyone else wearing a black tie today ?

No, just white noise. Seems more apt.

 

[valiant15]

Well the meeting kicks off at 10 so hopefully we'll get updates off that journo bloke.

 

[Jackoskyblue]

The thing is though,once they had some kind of ownership would they sell? Also, do sisu deserve to get some of/all of the arena for peanuts then sell it on for a profit? I don't think they deserve to make a penny after the way they've treated the fans. Sisu are bullies,they should realise that sometimes in business you lose. The sooner they cut their losses and go the better.

Very true, I just think without an option to buy some of the Ricoh nothing will happen in regards to moving back i hope I'm wrong however

 

[deanocity3]

martin reeves has just arrived at meeting

 

[ccfcway]

Les Reid ‏@Lesreidpolitics Just seen Martin Reeves, Coventry council chief exec & Ricoh Arena/ACL director outside #CCFC creditor meeting venue in London. Starts 10am

 

[ccfcmustang]

CCFC will liquidate, continue to play at Northampton. ACL instigate Byng and co to form a new Coventry team to play at the RICOH starting 2014/2015. New club have 5000 season ticket holders therefore start in the Conference. Either half the ricoh bought outright oir an agreement where depending on promotions determining the stake in which the Club own. CCFC continue to play this season however become insolvent by January and cannot fulfill the fixtures.
RIP CCFC

 

[ccfcway]

Les Reid ‏@Lesreidpolitics administrator Appleton may say 'agree to my CVA & £590k return on ACL debt or I liquidate. ACL would ask him to make alternative proposals

 

[deanocity3]

seppala not there, away on international duty, sent tf instead

 

[valiant15]

Very true, I just think without an option to buy some of the Ricoh nothing will happen in regards to moving back i hope I'm wrong however

They could of/should of bought the higgs share when they took over, sisu being sisu didn't want to cough up the money so decided to use underhand tactics to get what they want. It doesn't look like its working though.

 

[deanocity3]

Laborvic also there

 

[CarpyCov84]

liquidated in mho

Who's there from SISU ???

 

[deanocity3]

TF and Labovitch,No Seppala

 

[skybluebeduff]

This mess should end today, it has too, we've all suffered enough!!

 

[Sky Blues]

Interesting opening remarks from the CT's live coverage of the creditors' meeting:

"Hi, welcome to our liver coverage of the Coventry City Ltd creditors' meeting. It's been a long and tortuous journey for Sky Blues fans so hopefully we will get some kind of a decision - out of administration or liquidation - today. Our man Les Reid is there at the scene as ever to give you the news and reaction first."

Why is Les watching the liver? Is it because our club could do with a serious amount of detoxification?

 

[The Penguin]

Live coverage of a creditors' meeting.

Just let that sink in for a moment.

 

[jaymo132]

TF and Labovitch,No Seppala

No Seppala...no change....FFS Football league take our Football Club away from these low life losers..:blue::jerkit:

 

[deanocity3]

meeting ended,liquidated

 

[skybluesam66]

fisher/acl/sepalla can get out of here the lot of them - hope they rot in hell

pwkh its ok coming on here giving it the big one and fisher under your guises - you are not ccfc and never will be

 

[Sky Blues]

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

 

[procdoc]

So that means a massive points deduction then

 

[The Penguin]

So...minus 15 points at least, shit squad, no fans, playing thirty miles from home.

Any priests around?

 

[deanocity3]

The FL are up to their neck with this, have they got the balls to give more penalties.

 

[ccfcway]

Another fanstastic day for CCFC fans

 

[ccfcway]

Les Reid ‏@Lesreidpolitics breaking more: #CCFC Mark Labovitch just left Appleton's office. Sure fire clue meeting has ended in liquidation

 

[ccfcway]

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

 

[Skyblue4u]

Even if it had be signed ccfc still wouldn't have come back to the Ricoh that's probably why it was rejected.

So who wins this round? The real losers today are the fans again

 

[ccfcway]

4/1 on relegation !

 

[ccfcway]

Les Reid ‏@Lesreidpolitics Rejection of CVA means council Ricoh firm ACL does not get proposed £590k on its rent debt

 

[Stafford_SkBlue]

The football club no longer exists.
Until the liquidator sells the golden share. thats it. Tomorrow game will be off.
Will fl fudge it as happened to rangers.

 

[BackRoomRummermill]

and will soon go bankrupt unless they sue ntfc to get some money

 

[ccfcway]

The football club no longer exists.
Until the liquidator sells the golden share. thats it. Tomorrow game will be off.
Will fl fudge it as happened to rangers.

no way will tomrrows game be off, FL simply wont allow it

 

[ccfcway]

Reid ‏@Lesreidpolitics BREAKING: confirmed CVA for #CCFC to exit admin rejected. Liquidation has to be confirmed by Appleton. Statement to come.