Disheartening Sky Blue's Story On The Way.. (32 Viewers)

[oldskyblue58]

This is what they have done. Taking a charge is not sinister any lender would do it, and generally over all the assets. So not alarmed no, it is what would be expected

ARVO have taken a charge over the assets of Otium Ent Group. It replaces the charge that was over the assets CCFC H. Those assets were transferred to Otium and this is transferring the charge to act as security for monies lent to the group.

The other document allows for the issue of 1,484,000 Class A preference shares £1 each. The shares being issued to ARVO. Basically instead of a loan shares that have additional rights to ordinary shares have been issued. There is no detail as to whether the shares were issued fully paid , at par or at a premium. The shares will count I believe in the FL salary cap calculation if issued as cash. It might indicate (but is only a guess) just how far behind the salary cap regulations the club was. It doesn't necessarily mean new money though they could have converted existing loans to the preference shares.

Think the legal news is not that ........ I think it will be other legal "wrangles" and will hit a new PR low

 

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[Monners]

"Tim Fisher has eloped with Ann Lucas" - you heard it here first (not as disheartening as I thought!)

 

[lordsummerisle]

That's not a legal wrangle. That's the money put in to remove the embargo AFAIK.

Thought the same.

My view of Twitter twats not improving one bit..

 

[Hobo]

JR won't be heard in May and has been put back? That is just a hunch not fact!

 

[SimonGilbert]

It's not the Avro thing. Should be online shortly.


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[Noggin]

The Arvo charge is bad because if ccfc get the stadium, arvo can call in the charge liquidate the club and they get the stadium I belive, but that was already the case. So if thats the bad news good because nothings changed.

Thats certainly not disheartening legal wrangle though so presumably isnt it.

 

[SkyBlueScottie]

Hmm another player wanting to leave or the Manager wanting to leave / has left are my fears.

 

[Specs WT-R75]

The Arvo charge is bad because if ccfc get the stadium, arvo can call in the charge liquidate the club and they get the stadium I belive, but that was already the case. So if thats the bad news good because nothings changed.

Thats certainly not disheartening legal wrangle though so presumably isnt it.

Hence why Sisu said the stadium would be owned by a separate company...

 

[Mary_Mungo_Midge]

It's not the Avro thing. Should be online shortly.


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Just slap it on here. Nobody will know. Just us and the solicitors who look in , readied to castigate those of errant mind

 

[Noggin]

Hence why Sisu said the stadium would be owned by a separate company...

Which Arvo will lend some money and put a charge over, it would be exactly the same.

The reason it will be in a seperate company isn't to protect ccfc, it's to protect sisu.

 

[sotv1987]

Just slap it on here. Nobody will know. Just us and the solicitors who look in , readied to castigate those of errant mind

It's not the Avro thing. Should be online shortly.


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When?? and where online??

 

[Astute]

Which Arvo will lend some money and put a charge over, it would be exactly the same.

The reason it will be in a seperate company isn't to protect ccfc, it's to protect sisu.

And this is the reason I was all against SISUE getting the freehold unless they paid the going rate for the Ricoh if they did get it. This would stop them from doing so as they wouldn't make millions on doing so.

 

[Noggin]

When?? and where online??

Telegraph website, he is the Telegraph Journalist and presumably however long it takes for the website to upload it because presumably he has finished writing it since he is here posting.

 

[Noggin]

And this is the reason I was all against SISUE getting the freehold unless they paid the going rate for the Ricoh if they did get it. This would stop them from doing so as they wouldn't make millions on doing so.

ditto

 

[SkyBlueScottie]

When?? and where online??

The Telegraph Website.......

 

[Nick]

Is it online yet?

 

[jimmyhillsfanclub]

I've got no idea what this latest piece of news is, but I'm willing to put my neck out & state it will be ZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

 

[SkyBlueScottie]

I am not sure, where shall I check?

 

[SkyBlueScottie]

Its not online yet. I shall check now

 

[SkyBlueScottie]

Still not online

 

[SkyBlueScottie]

Still not been posted

 

[RoboCCFC90]

We should have a vote whether this news will be as disheartening when it is posted..

Drum Roll please!!

 

[Monners]

Still not been posted

Is it online yet?

 

[AFCCOVENTRY]

Still not online

 

[King of the Lesbians]

I'm moist with anticipation...

 

[Monners]

All of this waiting is become somewhat disheartenting! (soz - just my coping mechanism!)

 

[SkyBlueScottie]

Still nothing, The telegraph are however running a story on how Stuart Linnell was hit by a policecar this morning and had to attend hospital

 

[SkyBlueScottie]

I have broken my F5 button.

 

[RoboCCFC90]

Still nothing, The telegraph are however running a story on how Stuart Linnell was hit by a policecar this morning and had to attend hospital

Sisu have taken their silencing act too far (This is a joke if your lawyers are reading Tim)

 

[Astute]

The telegraph are however running a story on how Stuart Linnell was hit by a policecar this morning and had to attend hospital

It is bad news we are waiting for though.

 

[SkyBlueScottie]

Keyboard replaced, BACK IN THE GAME!

 

[Hobo]

Keyboard replaced, BACK IN THE GAME!

Don't worry there has been loads of stoppage time zzzzzzz

 

[bigfatronssba]

Still nothing, The telegraph are however running a story on how Stuart Linnell was hit by a policecar this morning and had to attend hospital

He cant be that bad, he was tweeting about it 5 mins after.

 

[Mary_Mungo_Midge]

He cant be that bad, he was tweeting about it 5 mins after.

Let me guess. It was the council's fault?!?

 

[The Gentleman]

"legal wrangle". Never a good phrase.

Unless it's two female lawyers and there is mud involved!