Sisu pays council £100k

[Covstu]

it shouldnt be coming out of the club. it should be sisu shouldnt it??? didnt fisher say there was nothing the club could do about any of this court action???

there is also a mystical green train called Percy......

 

[Jack Griffin]

(1) SKY BLUE SPORTS & LEISURE LIMITED
(2) ARVO MASTER FUND LIMITED
(3) COVENTRY CITY FOOTBALL CLUB (HOLDINGS) LIMITED

are the 3 claimants applying for the Judicial review and the following appeals.

Notice that doesn't include any of the original investors from the SISU Capital funds..

 

[fernandopartridge]

Notice that doesn't include any of the original investors from the SISU Capital funds..

Didn't it come out in court that the original investment is now effectively written off?

 

[Noggin]

Notice that doesn't include any of the original investors from the SISU Capital funds..

Yet fisher says there will have to be an appeal because the mean judge said nasty things about sisu.

 

[duffer]

This exerpt is from the write from the CCLSC meeting with TF last Thursday, and may be of interest, as he is stating that the legal action is nothing to do with the club (Otium).

The judge had made a number of damming comments about SISU in his judgment which cannot go unanswered. The appeal was out of the club’s hands. It was explained that a new governance structure had been established for the Portfolio Company and Otium was subsequently at arm’s length from the legal case. In effect Chinese walls had been put into place between the Club and the creditor/investor.

Ah - you've got to laugh. There's no way that you can separate Otium and SISU - all of the same people are involved, under the ultimate control of JS.

The club can't expect ACL to have them back at the Ricoh whilst the court case is in play. It doesn't matter how damning the verdict is, if they're serious about coming back SISU will have to drop the case.

It is, by the way, the oddest response to a court decision I've ever heard. Basically what they seem to be saying is we lost so badly that we've got to try again (i.e. we lost six-nil but that last goal was borderline offside so we demand a rematch). It would make more sense appealing if it was a close thing, surely.

Two out of three judges who have dealt with this case have bounced it out entirely without ceremony - why they think they're going to get a better hearing from the next three beats me. What's that saying - "History repeats itself first as tragedy, then as farce".

 

[Kingokings204]

Ah - you've got to laugh. There's no way that you can separate Otium and SISU - all of the same people are involved, under the ultimate control of JS.

The club can't expect ACL to have them back at the Ricoh whilst the court case is in play. It doesn't matter how damning the verdict is, if they're serious about coming back SISU will have to drop the case.

It is, by the way, the oddest response to a court decision I've ever heard. Basically what they seem to be saying is we lost so badly that we've got to try again (i.e. we lost six-nil but that last goal was borderline offside so we demand a rematch). It would make more sense appealing if it was a close thing, surely.

Two out of three judges who have dealt with this case have bounced it out entirely without ceremony - why they think they're going to get a better hearing from the next three beats me. What's that saying - "History repeats itself first as tragedy, then as farce".

Love that line " we lost 6-0 but the last goal was boarder line offside so we want a rematch"

haha brilliant.

It does seem this way however that even TF has admitted it was a battering basically that an appeal was inevitable just to same some face. I feel a tad sorry for him sometimes he has to do what his employers tell him yet he must look at it and get home at night and think why me?

 

[robbiethemole]

(1) SKY BLUE SPORTS & LEISURE LIMITED
(2) ARVO MASTER FUND LIMITED
(3) COVENTRY CITY FOOTBALL CLUB (HOLDINGS) LIMITED

are the 3 claimants applying for the Judicial review and the following appeals.

I thought the Holdings bit was being wound up, can they still be active in this case??

 

[Noggin]

I thought the Holdings bit was being wound up, can they still be active in this case??

I thought that and wondered if thats why a hold was put on the liquidation, Presumably they are there so that there is more damages to sue for if sisu win.

 

[ccfcway]

Aug 4th - SISU pay CCC £100k
Aug 7th - FL meet to (amongst other things ) discuss situation at CCFC
Aug 8th - SISU next instalment of court costs need to be paid £250k
Aug 15th - Last day SISU can appeal the thrown out appeal


Happy start of the season week everyone !!!

 

[Noggin]

february? .

 

[percy]

there is also a mystical green train called Percy......

Wow you've got me there

 

[Jack Griffin]

there is also a mystical green train called Percy......

Is Nick the Fat Controller?

I looked up a Chinese wall, I think as duffer points out that the people involved are the same, it means--- absolutely nothing....

A Chinese wall is a barrier that separates two or more groups, usually as a means of restricting the flow of information. Typically, the wall is purely conceptual,

 

[covcity4life]

so are sisu appealing or not?

 

[Jack Griffin]

so are sisu appealing or not?

Won't know this week.. read #44

 

[covcity4life]

Won't know this week.. read #44

yeah thats what i thought but then i left the thread for an hour and people are all dooma nd gloom like sisu have already put in an appeal.

 

[skybluetony176]

so are sisu appealing or not?

There's nothing appealing about SISU

 

[Gosford Green]

All eyes on August 7th, lets say the football league decide to get tough.

They still have to settle how much of the £590,000 SISU have to pay to ACL. If they decide all of it and Joy says `no we will take the FL to court`. The FL announce a breach of rules and dock 10 points or more, this scenario makes the quality of any new signings and make weights insignificant.

 

[Grendel]

All eyes on August 7th, lets say the football league decide to get tough.

They still have to settle how much of the £590,000 SISU have to pay to ACL. If they decide all of it and Joy says `no we will take the FL to court`. The FL announce a breach of rules and dock 10 points or more, this scenario makes the quality of any new signings and make weights insignificant.

Or if they say it's led and ACL stick to their policy if no talks until £590,000 is paid then we have no real hope of a return at all.

 

[Sick Boy]

All eyes on August 7th, lets say the football league decide to get tough.

They still have to settle how much of the £590,000 SISU have to pay to ACL. If they decide all of it and Joy says `no we will take the FL to court`. The FL announce a breach of rules and dock 10 points or more, this scenario makes the quality of any new signings and make weights insignificant.

There is already enough hysteria on this forum without these highly unlikely situations being posted.

 

[wingy]

It will be relatively cheap if the End game Is achieved .

Say £400k to CCC when all Is Exhuasted plus their own Fees.

The playing side Is covered this season and cost them £600K In equity for last season ,with potentially some more In the form of Arvo loans

 

[skybluetony176]

Or if they say it's led and ACL stick to their policy if no talks until £590,000 is paid then we have no real hope of a return at all.

At least you'll be happy.

 

[Grendel]

At least you'll be happy.

No I will not be happy but I'm sure you'd rather we didn't go home if ACL don't get the dosh.

 

[Gosford Green]

There is already enough hysteria on this forum without these highly unlikely situations being posted.

The events of the last 2 years prove this is a very plausible situation.

 

[skybluetony176]

No I will not be happy but I'm sure you'd rather we didn't go home if ACL don't get the dosh.

I'm not bothered about what circumstances we come home so long as we do. The £590k is a barrier and the only sure way to eliminate that barrier is if ACL get paid in full. Unless you know better?

 

[Gosford Green]

Or if they say it's led and ACL stick to their policy if no talks until £590,000 is paid then we have no real hope of a return at all.

I really can not see the sides sat around a table under any circumstance at the moment, unless there`s new players from SISU's side.

 

[Grendel]

I'm not bothered about what circumstances we come home so long as we do. The £590k is a barrier and the only sure way to eliminate that barrier is if ACL get paid in full. Unless you know better?

The football league will decide. If they decide £300,000 I assume you, like me, will demand talks once that amount has been paid?

 

[Noggin]

The football league will decide. If they decide £300,000 I assume you, like me, will demand talks once that amount has been paid?

Once sisu drop the JR sure, but we both knew they arn't doing that.

 

[Jack Griffin]

The football league will decide. If they decide £300,000 I assume you, like me, will demand talks once that amount has been paid?

If they decide £590K, do you think it will be paid without any quibbling?

 

[Gosford Green]

If they decide £590K, do you think it will be paid without any quibbling?[/QUOTE

Unlikely.

 

[Grendel]

If they decide £590K, do you think it will be paid without any quibbling?

I think it will

 

[bigfatronssba]

If they decide £590K, do you think it will be paid without any quibbling?

Only once Mr Labovitch has been on a six week course on how to do a bank transfer.

 

[Sick Boy]

It will be interesting to the see the reaction if the FL decide on a figure less than the 590K, and ACL then continue to refuse to discuss a return to the Ricoh.

 

[Noggin]

It will be interesting to the see the reaction if the FL decide on a figure less than the 590K, and ACL then continue to refuse to discuss a return to the Ricoh.

no it won't, ACL have already said (completely reasonably) that they won't discuss until the JR is dropped,

 

[Sick Boy]

no it won't, ACL have already said (completely reasonably) that they won't discuss until the JR is dropped,

The sooner the club gets away from the grip of ACL/CCC/SISU the better.

 

[ccfcway]

It will be interesting to the see the reaction if the FL decide on a figure less than the 590K, and ACL then continue to refuse to discuss a return to the Ricoh.

it will be interesting if the FL decide on ANYTHING. A lot of us hanging our hat on Thursday, sadly, I don't expect any outcome, as they will need another meeting to decide on the amount, after Thursday confirming that an amount needs to be paid.