Ian1779
Well-Known Member
So the club have now done their bit.
So all we need now is the JR appeal to be dropped and then negotiations can begin......... right?
Football league to consider outstanding debt sisu owe acl (11 Viewers)
- Thread starter AFCCOVENTRY
- Start date
So the club have now done their bit.
So all we need now is the JR appeal to be dropped and then negotiations can begin......... right?
Grendel
Well-Known Member
Of course the football league has the power - it decided the condition. Why do you care if ACL are entitled or not - why?
shmmeee
Well-Known Member
Is it me, or does Geoffrey Robinson look like Magneto from X-Men?
Simon: Any chance of chasing Sandra Garlick about the current status of the Stadium Forum?
chiefdave
Well-Known Member
You would take the 300K off the original debt / compensation amount given by the administrator then recalculate the 27p in the pound offer which would mean SISU owe around £510K.
Not sure you can do that though. The 27p in the pound offer was never accepted so that figure of £590K doesn't really relate to anything other than it being an arbitrary figure the FL used. It certainly isn't a rent figure or an amount owed.
AFCCOVENTRY
Well-Known Member
Can he lift sixfields out of Northampton with his magnetic powers and drop the stadium in the Coventry area?
That way we have a stadium in the Coventry area and sisu get to pay a fair rent for a shit ground.
RegTheDonk
Well-Known Member
Yes, please enlighten me too...so CCFC/SISU have done their bit and ACLs money is in some account and has to yet be paid to them, yes?
If so, who holds the keys to this account? Why has ACL not been paid yet?
Thanks for any guidance.
Grendel
Well-Known Member
They are owed nothing having rejected the CVA. The only money owed will be determined by the "gutless" football league. Without them ACL wouldn't get one penny and would not be entitled to it.
italiahorse
Well-Known Member
.... Because it is the first step to get us back to the Ricoh ?
If you agree the new stadium will never be built then we will eventually be back at the Ricoh. There is no hope of that moving on until the debt is paid. Everybody agrees it needs to be paid it just needs to happen.
I assume you can work it out why SISU are stalling on this.
If you weren't wearing your SISU tinted glasses you would know that. Your hatred of everything to do with the council is blinding your judgement. I assume you are not a Coventry Council ratepayer.
shmmeee
Well-Known Member
You do wonder if this was the FL's ham fisted attempt at getting the parties together.
Grendel
Well-Known Member
The league hold the keys and will decide who gets what. No threat of points deduction and no issue - which given ACL's statement yesterday - begs some questions.
shmmeee
Well-Known Member
Would you really be surprised if it turned out the FL had never told ACL the money was there?
I suppose at least ACL should be able to start negotiations now, right? Would be good if someone chased them for a statement after this.
It's been a while since the PR wars, I've missed it.
I suppose at least ACL should be able to start negotiations now, right? Would be good if someone chased them for a statement after this.
It's been a while since the PR wars, I've missed it.
LastGarrison
Well-Known Member
Yep, the newspaper equivalent of Audley Harrison.
oldskyblue58
CCFC Finance Director
so whats the betting that following the FL board meeting 07/08/14 that the statement goes along the lines of "we discussed it, SISU explained and appealed it, we thought yeah why not, so we reduced the financial penalty".............. and the £590k was really a typo it should have read £5.90:facepalm:
Also wasn't there an assurance previously that the FL would sort it out after the AGM they had in June in Portugal. Cant help thinking they are playing for time hoping it will go away
Also wasn't there an assurance previously that the FL would sort it out after the AGM they had in June in Portugal. Cant help thinking they are playing for time hoping it will go away
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skybluetony176
Well-Known Member
That's quite a complement. Super heavy weight is an amateur boxing category and in Audley Harrisons last fight at that weight he won and took home the Olympic gold medal.
LastGarrison
Well-Known Member
So you're calling them a bunch of amateurs?
shmmeee
Well-Known Member
They've been doing that for a year, why stop now?
RoboCCFC90
Well-Known Member
So the Club have placed the funding into the Escrow Account, so why don't the Football League just state to ACL that this payment will be given to them on the basis that we get a season at the Ricoh while at the time opening discussions on a long term arrangement?
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play_in_skyblue_stripes
Well-Known Member
No rush then, it's hardly an important issue is it?
Total disgrace and ensures another season away from home.
Shows they don't care about SISU paying the money over.
This is controversial but A C L should drop their hard stance taken yesterday and deal with the reality.
SISU have tied this issue into knots and the FA are in no hurry to untangle the knots.
A C L should talk to SISU immediately and use the owed money as part of the negotiations. They may have to swallow some understandable principles for the greater good even if nowhere near the 590k is offered by SISU.
SISU won't pay the 590k, that's a plain sad reality.
What's important is getting Coventry back to Coventry. Good for all, A C L,city of Coventry as a whole,Coventry City supporters. I really don't care about SISU but it's good for them too.
Come on guys compromise, A C L and SISU. Deal with reality.
Total disgrace and ensures another season away from home.
Shows they don't care about SISU paying the money over.
This is controversial but A C L should drop their hard stance taken yesterday and deal with the reality.
SISU have tied this issue into knots and the FA are in no hurry to untangle the knots.
A C L should talk to SISU immediately and use the owed money as part of the negotiations. They may have to swallow some understandable principles for the greater good even if nowhere near the 590k is offered by SISU.
SISU won't pay the 590k, that's a plain sad reality.
What's important is getting Coventry back to Coventry. Good for all, A C L,city of Coventry as a whole,Coventry City supporters. I really don't care about SISU but it's good for them too.
Come on guys compromise, A C L and SISU. Deal with reality.
oldskyblue58
CCFC Finance Director
No legal basis to do that though robo. The FL have no authority over ACL and cannot force them to accept any deal. The contract is between FL and Otium no one else. As such ACL might state that the £590k needs to be paid but there is no contractual relationship they can rely on to chase the payment. All they can do is pressure the FL to comply with its own rules and regulations. As we all know there in lies a problem because much of it is at FL discretion so can not be relied upon by 3rd parties
ArchieLittle
New Member
I'm sure a deal can be done, but it's asking a lot of ACL to say "forget all the money you owe us, that's all behind us, let's look forward"
What happens when SISU do it all again?
What happens when SISU do it all again?
Snozz_is_god
New Member
absolutely not, give in the bullies, no chance. you say ACL should drop their hard stance....rubbish.
They should step it up even more, go read this, before you post any more shit:
http://www.matrixlaw.co.uk/uploads/other/01_07_2014_01_48_11_01.07.14.pdf
Snozz_is_god
New Member
exactly they are not to be trusted I'm afraid, ACL know that, CCC know that, probably 80% of City fans know that.
RoboCCFC90
Well-Known Member
Nothing contractual I agree, but they could at least put it towards both parties..
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Grendel
Well-Known Member
Ack are only owed what the league state. Legally they aren't owed one penny - do you geniunely not understand this?
SkyBlueSid
Well-Known Member
This is just more evidence of what a complete bunch of bastards are running the club. Their incompetence is exceeded only by their barefaced cheek.
If the FL do their job properly it will serve Sisu right if there is another transfer embargo and 10 point deduction. Why can't they just pay what they owe for once?
If the FL do their job properly it will serve Sisu right if there is another transfer embargo and 10 point deduction. Why can't they just pay what they owe for once?
play_in_skyblue_stripes
Well-Known Member
Snozz, I'm hard line militant anti SISU by the way, maybe you not noticed in my previous posts? I hate SISU with a vengeance too on what they have done and tactics
Don't really like being told I post shit about trying to encourage something to get my club back home.
Sometimes you have to work with realities of the situation. SISU are not likely to pay 590K and the FL are hardly falling over themselves to force them to adhere to the agreement between SISU and the league regarding Golden Share.
Grendel
Well-Known Member
What are you talking about? The money has been paid and the league will decide how much ACL are owed.
Snozz_is_god
New Member
ACL are a business, if you owned them would you deal with sharks?
letsallsingtogether
Well-Known Member
Grendel ML also told us he was going to pay it personally to the council within the week when we met him?
How long ago was that now?
Don't take my word for it ask any of the other posters on here even one of your greatest fans was there.
Fuck me wouldn't believe him if he told me it snowed in Antarctica......
QUOTE=Grendel;732927]FFS so the club as I stated ages ago had placed the money in an escrow account, at least that's the end of the matter now[/QUOTE]
How long ago was that now?
Don't take my word for it ask any of the other posters on here even one of your greatest fans was there.
Fuck me wouldn't believe him if he told me it snowed in Antarctica......
QUOTE=Grendel;732927]FFS so the club as I stated ages ago had placed the money in an escrow account, at least that's the end of the matter now[/QUOTE]
Grendel
Well-Known Member
Broken Hearted Sky Blue
Well-Known Member
Funny how Sisu can use a third party ie The Football League when it suits them,but when a rent offer is put to them through a third party ie The Football League Its not a rent offer :thinking about:
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L
limoncello
Guest
The deal is between the FL and Sisu, so how can the FL be a third party?
letsallsingtogether
Well-Known Member
should't really matter they must have surely known of the guarantors, after all they are financial wizards, and this would not have passed them by even they can't be that incompetent surly?