davebart
Active Member
would have accepting the CVA helped ACL?
MMMmmm (1 Viewer)
- Thread starter robbieray
- Start date
would have accepting the CVA helped ACL?
Grendel
Well-Known Member
Well they would have received a payment they are not getting. What's been gained by not signing it?
covcity4life
Well-Known Member
cant wait to here the answer to this one......
DazzleTommyDazzle
Well-Known Member
That one may still be running.
If ACL were intending to accept the situation, it would have made sense to accept the CVA as they'd then get more money.
So, it seems probable that they're not accepting the situation. I guess that rejecting the CVA leaves them the option of taking an action against the relevant companies (CCFC Ltd, CCFH Hldgs and presumably now Otium) on the grounds that they should be treated as a single entity because of the unusual movement of assets, discrepancies in the published accounts etc etc.
Time will tell.
Snozz_is_god
New Member
SISU Propaganda
It's everyone elses fault but ours.
It's everyone elses fault but ours.
Snozz_is_god
New Member
CCFCLtd are still in administration. why? think about it.
bigfatronssba
Well-Known Member
The cva was based on false information. Would you sign something without knowing all the facts?
Snozz_is_god
New Member
OH by the way, I'm agreeing with you TommyDazzle, the quoting makes it look like I'm not
James Smith
Well-Known Member
Wow you've got that right
Quite right, is it what Tim said about Ltd being a non trading subsidiary with no assets, or the fact that there were assets in Ltd it had/has a VAT number, had the Golden Share, was carrying out the business of being a football club etc. the correct version of events?tim fisher said:
I'm not surprised it's going to be a huge cost to SISU (shame it won't be a massive cost) but you have only yourselves to blame, you moved us to Sixfields.tim fisher said:
Cheshire Sky Blue
New Member
"Fisher states the obvious truth".......................if you believe that cabbage to be the truth, I am Santa Clause and Batman, Superman and Snow White are joining me for a little drinky at the Sickfield Supporters club later, I'll buy you a beer.
SkyBlueSid
Well-Known Member
Should get on well with Nikki Sinclaire then.....
davebart
Active Member
They would have got f*ck all. Ltd is £60m in debt with no assets.
If anyone had a gun to their head it was ACL. Accept what we offer or we liquidate the club.
Grendel
Well-Known Member
They were offered from memory £568,000. The liquidation occurred to the them rejecting the CVA. What are you talking about?
Snozz_is_god
New Member
CCFCLtd is not liquidated yet, it's still in administration
Grendel
Well-Known Member
Shortly will be. Was the offer £568k Davebart seems to think not.
Oh yes wait until the old "The team is shite because no fans turned up "
Snozz_is_god
New Member
No not shortly at all, to my knowledge that haven't even appointed a Liquidator.
Snozz_is_god
New Member
Yep, waiting for that one. Well what do they expect when they took the team 35 miles away from it's core support
davebart
Active Member
I'm not saying what they were offered - I'm saying what they would have got.