Payments (3 Viewers)

[fernandopartridge]

In fairness the deal might be a good one for you. From what you say, you are lucky in having an old fashioned chairman who wants to do well for and as long as he can afford, for a club that means something for him.

We have a management fund representing anonymous investors governed by profit. The media think it is a landlord tenant dispute. It is not, it is about assets and profit beyond a football team.

They have deliberately wound us down, even relegated; to distress the company with the rights to the stadium. They have had options to buy but declined. They have had revised rent but declined.

They threatened to liquidate the club, so AcL went for administration to save our heritage. They put themselves in administration and appointed their own administrator.

They then muddied waters over where the share to compete in the FL lay and where the players contracts lay,within the associate companies.. Only one company was in administration so they created a blind garage sale. They inflated the debt which was owed to
themselves.

We had prospective buyers but their bids were hampered by 'the accounts are a bit of a mess'. And after a deal had been done the Football League, having docked us ten points said, we have cocked up in our administration!

The club was sold To Otium a SISU subsidiary who in April had NOT posted accounts for 2012, had no asserts, and were half way down the road to voluntary liquidation. They still haven't posted accounts and the directors are on a final warning from Companies house along with other SISu subsidiaries for not submitting accounts for last year.

Yet Otium have shown funds to The FL that they can finance the new stadium, take the loss of a move to Northampton over how many years....they have no ongoing negotiation for land in Coventry or joining local authorities.

Remember that decision by The FL was after SISU had threatened to pursue litigation against the FL during a process of legal administration. Basically the FL said the share to compete was held with Ltd the part in administration. SISU argued players registration were in Holdings which were not in administration...they as a company had a legal entitlement to the 'share' and would contest it thought company law not FL rules.

Documentation and accounts last posted suggest players registration were in Ltd all along. The FL who hold the answers...due to their incompetence admit THEy may have registered players under Holdings by mistake

The funds shown to the FL ? are they a sign of their ability to build a stadium or ability to engage in lengthy litigation against the FL?

The FL made a none League Club pay £100,000.00 up front to ensure they could fulfil their fixtures for 2013/14. SISU moving grounds over how many years no one knows? A 1 million pound bond......But folks that is retrospective of them failing to do so. What chance is there of getting 1 million from a liquidated subsidiary run by a savvy outfit like SISU. And Most clubs get docked 15 points by the FL not 10 for administration at he start of a season.

Were we still in administration partly due toFL incompetence and admin errors?

Northampton and every decent Football Club are fucked, your dreams are sterile due to International Investment and a not fit for purpose FL structure!,

This could be your future....please protest to the FL and Bob Ainsworth MP who is running a campaign on behalf of you...

I think he fell asleep during the 2nd paragraph

 

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[Cobblers36]

A SISU plant? Are you fucking nuts? Jesus you guys are screwed if that is how your fans act because it doesn't fit with what you want to hear.

 

[Hobo]

I think he fell asleep during the 2nd paragraph

I did not actually. But I do know partridges brains are very small and lack the ability for the retention of detail.

 

[edgy]

A SISU plant? Are you fucking nuts? Jesus you guys are screwed if that is how your fans act because it doesn't fit with what you want to hear.

That's how it works around here, SHITZU RENT BOY!!

 

[henry the wasp]

A SISU plant? Are you fucking nuts? Jesus you guys are screwed if that is how your fans act because it doesn't fit with what you want to hear.

Brian is a bit of a joker mate. I'm suprised the people who liked your post didn't point this out to you. it's not as if they have an agenda or anything.

 

[RPHunt]

A SISU plant? Are you fucking nuts? Jesus you guys are screwed if that is how your fans act because it doesn't fit with what you want to hear.

Yes, sadly that's how it does work. We had a lot of long posts yesterday reinterpreting the sacred words of the Messiah, because his original sermon didn't fit the facts.

PS _brain_ likes a wind up.

 

[Cobblers36]

Ah right. Well I have to say not only do the people in charge of your club seem like children, so do a large proportion of people on here!

 

[thaiskyblue]

ah right. Well i have to say not only do the people in charge of your club seem like children, so do a large proportion of people on here!

cobblers.

 

[Cobblers36]

No, it's true.

 

[Monners]

Ah right. Well I have to say not only do the people in charge of your club seem like children, so do a large proportion of people on here!

Most are ok mate - but I understand your frustration. The last thing we need is for other clubs fans to take these halfwits too seriously, and fair play for coming onto the site in the first place. Discussing issues in an adult fashion with other fans is really what we all should be considering. Maybe Nick could set up a kindergarten section for those who wish to belittle others points/arguments. They can all stay there and get on with it.

 

[Hobo]

Cobblers36

You are right there is a lot of childish behaviour on here...some misconstrued humour...some frustration...some unacceptable!

However, there are some people trying to debate and get to the bottom of a very complex situation where the truth is buried behind smoke and mirrors. Conflicting statements from all involved.

All the outside fans need to know is Football League rules are open to exploitation....fight that battle for yourselves if nothing else!

Bob Ainsworth MP has a campaign about the FL ability to administer...please consider it may protect you one day!

 

[Covstar]

According to Cardoza, '' There is a break clause after every year'' which could allow city to move after a year. Athough I would like city to leave sixfields and play at the Ricoh as soon as possible, I dont think it can be done this season now so Im glad there is such clause in place and we are not contracted to play there for 3-5 years minimum.

Hopefully they can get around the table once again and trash out some sort of deal that allows Coventry City to play where they belong for the start of 2014/2015 season.

 

[Tabasco Kid]

Any one else spotted the blatant Sisu plant?!?! LOL! We have enough secondary evidence* to completely blow your case out of the water, mate!

(*Also referred to by some as rumour).

Tell me instead. I like a good chuckle.

 

[lordsummerisle]

PS _brain_ likes a wind up.

People who are on here everyday still don't understand that, so can see how a new/occasional poster can get it wrong.

Some people take _brians_ literalness literally.

 

[valiant15]

Sisu have no option but to pay the northampton rent if they dont they'll be out on their ear and won't be able to fulfill the fixture list. Pity this cordoza bloke or whatever his name is didnt think about the thousands of fans he was help screwing over before he took sisu's dirty money. Fuck the lot of em.