CCFC are going into Admin on 29th July (5 Viewers)

[Skybluescotland]

The funds will see the club through untill the 29th July then it's admin for CCFC.

I have been told this by a club Director that i know well and for many years. {This Morning}

SISU are broke and have no idea what to do with the club.

Gutted, but the club has to hit the wall before we can rebuild it IMO.

 

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[lordsummerisle]

I have been told this by a club Director that i know well and for many years. {This Morning}
.

Richard or Judy?

 

[odysseus]

Really??????:claping hands:

 

[Skybluescotland]

Really??????:claping hands:

yep. Really.

More will come out over the next few days.

Story about the loan is just the first part of the way it will be presented by CCFC.

 

[Ernie Machin]

What larks.

 

[IrishSkyBlue]

Take over bid anyone sell the club for £1 to someone who will invest and has money.

 

[oldskyblue58]

why wait till 29th? why take additional "finance" now? why tell someone who is going to make it public? why do it when there is income coming in and the season starts on 6th August with a big crowd ?

 

[LarryGrayson]

why wait till 29th? why take additional "finance" now? why tell someone who is going to make it public? why do it when there is income coming in and the season starts on 6th August with a big crowd ?

is also illegal to sing players if you know the club cant trade

 

[oldskyblue58]

Is illegal to do anything if as a Board of directors believe the club is not a going concern and cannot meet its bills as they fall due - they could be personally liable. So if they can see it cant go on the decision should be to call in the administrators now not to wait

 

[Skybluescotland]

why wait till 29th? why take additional "finance" now? why tell someone who is going to make it public? why do it when there is income coming in and the season starts on 6th August with a big crowd ?

No money left after then and already spent the coming seasons ST revenu.

It's not tactics, it's just game over for Sissu

 

[skybluesam66]

club director - the only one on the board who has been around for many years is that John Clarke ? chappie - as you have outed him, he should just come out with what is going on

 

[TheParsonsHose]

Sounds like a load of bollocks to me fueled by the fact that you think we will have no other financing in place by the end of this month.

 

[Ernie Machin]

Chinese whispers. Chinese burns. Chinese chips.

 

[Nonleagueherewecome]

Well the last time someone else came on saying something like this with no real evidence it proved pretty much correct. I'd be surprised if it was that soon, maybe 1st September. But my conspiracy has always been that if we go into admin, SISU will be classed as the main creditors due to the way CCFC Holdings and Sky Blues Sport & Leisure is structured. At least, that's what they hope. Dulieu was involved at trying to pull off something similar at Southampton I think.

 

[Sky Blue Sheepy]

If the fee is £1m from the stories this morning, and the club are losing between £500k - £600k a month, wouldn't £1m last longer than end of this month?

 

[Nick]

Well the last time someone else came on saying something like this with no real evidence it proved pretty much correct. I'd be surprised if it was that soon, maybe 1st September. But my conspiracy has always been that if we go into admin, SISU will be classed as the main creditors due to the way CCFC Holdings and Sky Blues Sport & Leisure is structured. At least, that's what they hope. Dulieu was involved at trying to pull off something similar at Southampton I think.

So then whoever takes us on still has to pay SISU?

 

[Platt_The_Donkey]

If the fee is £1m from the stories this morning, and the club are losing between £500k - £600k a month, wouldn't £1m last longer than end of this month?

the £1M actually will keep the club going for 3 months, which makes sense if the club is losing £4M a year (£1M a quarter)

 

[OyJimmy]

the £1M actually will keep the club going for 3 months, which makes sense if the club is losing £4M a year (£1M a quarter)

If the club were to already owe a creditor 600,000 by then end of this month then we could go under.

 

[Il Pirata]

Is this tomorrow's CT headline?

 

[Paxman II]

This is fantasy.

 

[lordsummerisle]

If the club were to already owe a creditor 600,000 by then end of this month then we could go under.

But we have no debt, Ranson and all his acolytes been telling us that for years...

 

[Nonleagueherewecome]

We do-it's all to SISU. It's a bit like me charging a company that is actually mine for any losses incured. So technically, we don't. But try telling them that!

 

[Il Pirata]

I heard 12th July.

 

[Nonleagueherewecome]

So then whoever takes us on still has to pay SISU?

Well SISU are probably asking for all the money we "owe" them as part of the terms of a sale. Admin would see them as the main creditor after the football ones and the taxman (in their eyes).

 

[Nick]

We need an oriental fella who will see us as they are in one big game of Football Manager (with unlimited money cheats) like Leicester!

 

[Cobi Jones's Dreads]

This is fantasy.

[video=youtube;mq-Ru6kQhE4]http://www.youtube.com/watch?v=mq-Ru6kQhE4[/video]

What's your fan- ta- see?

 

[ccfc2011]

Thats not good news.

 

[Nick]

How reliable is the source?

 

[Platt_The_Donkey]

its great with chips :blue:

 

[Leicesterfox]

Thought you lot had new investment coming in from the local Chinese Takeaway - mines' Sweet and Sour Pork. Yep may go wrong for us too, but the present is all you ever experience :jerkit:

 

[Leicesterfox]

We need an oriental fella who will see us as they are in one big game of Football Manager (with unlimited money cheats) like Leicester!

You love us really !!

 

[sw88]

Thought you lot had new investment coming in from the local Chinese Takeaway - mines' Sweet and Sour Pork. Yep may go wrong for us too, but the present is all you ever experience :jerkit:

Whats happened to you lot signing Premiership class players?? We might have tight / shite owners but atleast we arent just throwing money at any player available in desperation to look good! :jerkit:

 

[ajsccfc]

Someone who works as [SOMETHING ASSOCIATED WITH THE CLUB BUT I CAN'T NAME] has told me that [INSERT JUICY DETAILS HERE], now look at me more.

 

[Nonleagueherewecome]

We just got a mention on Radio 5. They were talking about financial fairplay. Someone said "what about Coventry and the Ricoh Arena?"

 

[blueflint]

i hope it is my lucky season and sisu go