its liquidation (6 Viewers)

[deanocity3]

ACL just rejected offer,appleton decides next action,he went for liquidation

 

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[maxweller]

My biggest fear has happened, I hope that some good can come of this!!!
15 points deducted, and where do we play our home games?
WHAT A MESS

 

[oldskyblue58]

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

if we get a few injuries we will be lucky to do either!

 

[hill83]

if we get a few injuries we will be lucky to do either!

Get your boots on

 

[Deleted member 4439]

ACL just rejected offer,appleton decides next action,he went for liquidation

Well, okay: but on the basis that ACL would be aware of the implications of their decision, what are they thinking would be the end game in this?

 

[EasternGreenSkyBlue]

CVA Not signed

We know it hasnt been signed but i cant be the only one who's thinking, What the fuck happens now? Its just getting deeper and deeper and deeper each day.

 

[oldskyblue58]

Are the Bomb Squads contracts in LTD?

I would assume they would be classed as "assets" (debateable in some cases) so would the rights to those players not have been sold to Otium?

 

[covcity4life]

fuck the council for putting us into admin when we on course for playoffs,and dont give me that tim threatened liquadation shit!

and fuck sisu for not taking rent agreement, spiteful bastards

 

[ccfcway]

deffo worth another thread ?

Any sign of this season ticket yet ?

 

[deanocity3]

surely means the LTD bit and the golden share is up for grabs again

 

[Skyblueweeman]

deffo worth another thread ?

Any sign of this season ticket yet ?

The number of threads really is bugging you ccfcway, isn't it?!

WM

 

[procdoc]

fuck the council for putting us into admin when we on course for playoffs,and dont give me that tim threatened liquadation shit!

and fuck sisu for not taking rent agreement, spiteful bastards

Tim DID threaten liquidation or are you just a bit thick?

 

[SkyBlueRuffian]

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

1-2-4-1

 

[Nick]

Surely ACL have lost the most now as they won't get any rent owed?

 

[ccfcway]

The number of threads really is bugging you ccfcway, isn't it?!

WM

Yep...Just want to be able to folow this important day without having to look in 10 differeent places for the same ino / comments

 

[Nick]

Obviously it wasn't posturing, it has happened....

 

[covcity4life]

Obviously it wasn't posturing, it has happened....

who has liquadated us? sisu or council?

by taking action they actually brought it to pass

epic fail deosnt even begin to sum it up.

 

[hill83]

Does it matter if it was posturing or not? Someone makes a threat like that then action needs to be taken, whether he actually meant it or not doesn't matter, he STILL threatened it

If I say I'm going to knock you out would you kill yourself to avoid it?

(Obviously I'm not being serious)

 

[stupot07]

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

Nope...even if it did ARVO would reject the CVA

 

[Sky Blue Kid]

Quote Originally Posted by covcity4life View Post fuck the council for putting us into admin when we on course for playoffs,and dont give me that tim threatened liquadation shit! and fuck sisu for not taking rent agreement, spiteful bastards.............................................................................................................................................................................................................................................I say....ACL(For the umpteenth time) Didn't put CCFC into Admin...Dim Tim and SISU put us there. This I beleive was their intention all along.

 

[mrtickle]

Obviously it wasn't posturing, it has happened....

Yes but ACL went along the approach of charging silly rent and not allowing acces to revenue streams. Whilst you can blame a number of people for the rent (sisu, previous owners, ACL etc), it must be clear that the rent and lack of revenue were unsustainable once FFP rules were brought in.

 

[Deleted member 4439]

Sky Sports about to feature...

 

[deanocity3]

Appleton about to make statement

 

[mrtickle]

Quote Originally Posted by covcity4life View Post fuck the council for putting us into admin when we on course for playoffs,and dont give me that tim threatened liquadation shit! and fuck sisu for not taking rent agreement, spiteful bastards.............................................................................................................................................................................................................................................I say....ACL(For the umpteenth time) Didn't put CCFC into Admin...Dim Tim and SISU put us there. This I beleive was their intention all along.

Yes Sisu put us in admin as ACL were about to. Sisu protected themselves by going into admin first therefore appointing their preferred administrator.

 

[covcity4life]

If I say I'm going to knock you out would you kill yourself to avoid it?

(Obviously I'm not being serious)

ahahahahahahahhaahahhaha

 

[covcity4life]

Yes but ACL went along the approach of charging silly rent and not allowing acces to revenue streams. Whilst you can blame a number of people for the rent (sisu, previous owners, ACL etc), it must be clear that the rent and lack of revenue were unsustainable once FFP rules were brought in.

well said

its crazy how many so called ccfc fans didnt want the club to have any viable income streams

they are celebrating today no doubt.

 

[Danceswithhorses]

Yes but ACL went along the approach of charging silly rent and not allowing acces to revenue streams. Whilst you can blame a number of people for the rent (sisu, previous owners, ACL etc), it must be clear that the rent and lack of revenue were unsustainable once FFP rules were brought in.

To be fair, CCFC did originally own the revenue streams, but SOLD them - expecting them back for £0 is ridiculous.
Also the rent problem could have been negotiated with ACL, rather than SISU just refusing to pay.

 

[Nonleagueherewecome]

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

It's 35 miles, if that helps cheer you up?

 

[BigMarkLeonard]

So basically now the assets will be sold off to another company who will then apply to re-join the football league? Do the other League One Clubs (or entire football league?) get to vote?

Do the current players get to reject the move to a new company or does the Rangers precedent mean they have to move?

And tomorrow's fixture cancelled?!

 

[The Reverend Skyblue]

well said

its crazy how many so called ccfc fans didnt want the club to have any viable income streams

they are celebrating today no doubt.

FFS you come out with some shit, show me one post where a fan of this club said they didn't want the club access to any revenue streams.
Go on prove it, your so moronic its unbelievable

 

[deanocity3]

Nikki Sinclair ripping the shit out of the council on CWR now

 

[Nick]

Aren't all of the players employed by Holdings already?

 

[Nick]

Nikki Sinclair ripping the shit out of the council on CWR now

What is she saying?

 

[BigMarkLeonard]

Everyone is talking about a 15 point deduction?

Surely this is a penalty for entering administration, whereas liquidation actually means bye bye Coventry City as a legal entity and has far more serious repercussions?

 

[covcity4life]

FFS you come out with some shit, show me one post where a fan of this club said they didn't want the club access to any revenue streams.
Go on prove it, your so moronic its unbelievable

on the source rev? no doubt today is a win for you.