coundonskyblue
New Member
At least ACL have saved us from Liquidation.
It's too neat Jack, ACL file for Admin just to talk with a potential buyer the whole time? It don't make sense
Re: fact one-wrong; we were stopped from going into administration by SISU buying us. We haven't been in administration seeking a buyer before-that was one of SISU's first mistakes, taking on a club with a historical debt that wouldn't have been there from administration. That makes fact 2 also not a fact-we have never been in administration before, so no comparison can be made.
Whatever your position on this matter, I fail to understand the glee with which some people have greeted this news.
Administration doesn't mean no liquidation, in fact liquidation will be inevitable if they cannot find a buyer to take the club on. Maybe they have someone lined up, in which case they have played their hand very well. My suspicion is that there is nobody waiting in the wings willing to take on this mess of a football club. Time will tell.
Personally, I would much preferred a resolution with the current owners who, whatever their primary motives, have shown a willingness to keep our club solvent over many years. Time will tell how this pans out, but personally I see this as the local authority playing games with its football club, the loss of which will amount to a good deal more to the local economy than fecking 1.3 million quid.
Pompey have been in admin for over a year. I hope we come out of this faster than they are. But we will.
SISU refused to come to the table....their downfall is of their own making.
Fact 1 - last time we were in this position only the Mayfair hedge fund were interested
Only SISU with the commercial acumen of a grape were prepared to pay for a loss making club with no assets / negative assets - hence they were the only buyers all other sensible business people would have waited for administration to get it for free / debt free and probably would have renegotiated with ACL rent rates F&B not wait 4 seasons to start the renegotiations.
You are clearly of limited intellectual ability so I will go easy on you;
Fact 1 - last time we were in this position only the Mayfair hedge fund were interested
Fact 2 - we are less attractive as an investment than we were at fact 1 stage
Fact 3 - from the start of punitive league action regarding administration only one club has improved league status since entering administration
Fact 4 - we will be the first club to effectively be wound up by the local council all other similar situations have resulted in the club getting its way
Is that understandable or do I need big crayons?
We're in a better position than Pompey though
How else can they get rid of Sisu?
Darryl Murphy @darryljoemurphy If #skyblues go into admin - ACL would appoint administrator. ACL would then try to negotiate lease with this potential buyer #skyblues...
I must admit, I'm struggling to think why that is too.
If Sisu don't want to sell or get out surely they can just resolve this by putting in 1.3million in and paying ACL off ?
Yet again tirelessly unfactual, 'fact' 1 there were 2 intrested parties
'fact' 2 we were £60 million quid in debt before, now supposedly £45million
He said when we were in this position.
We are not currently in administration, only under the threat entering administration, as we were at the time.
It is a stance hull Doncaster and Ipswich all took. They had the whole if their respective population begind them - hence they won. I guess if hull was full of sky blue johns they would also now have no club.
Birmingham and Portsmouth have both been up for sale for ages......they are still for sale.But we are not going to get "bought" without going into administration-SISU want too much for that. We weren't in admin when SISU took over us, this time we will be-so it is a pointless comparison.
Pompey have been in admin for over a year. I hope we come out of this faster than they are. But we will.
SISU refused to come to the table....their downfall is of their own making.
No I agree with the admin part, but explain to me how if Hoffman who at one stage was looking all over the world for potential investment couldn't find squat, tell me how the ACL a Charity based in Coventry will have found the right type of buyer nessecary?
I can't see how this avoids liquidation. It avoids SISU doing it any day they feel like but surely a judge is going to look at CCFC and put is into admin, can't see that not happening. From there isn't liquidation a real threat? If the admistratior can't see a way to sell CCFC on as a viable business don't they have to liquidate.
So possible scenario is ACL have their own buyer lined up, in which case why are SISU not aware of them? That seems suspect to me, hard to say without knowing more. Other scenario is there is no buyer. That's a very dangerous game for ACL to play. Sure many of us what id of SISU but as has often been said if there's no buyer we've in big trouble.
Birmingham and Portsmouth have both been up for sale for ages......they are still for sale.
He says that 10pts deduction may be this season & new owners could be in next season. Well we will have to see if that pans out..
Your just being silly now I hardly think whoever comes in is going to make as many or the same mistakes your buddies at Sisu have !!!
We're all speculating here, but if there is a potential buyer in the wings I'd guess that the buyer found ACL rather than the other way round, i.e. an interested party that (for whatever reason) doesn't believe that they can do a deal with SISU, but understands that any buyer would have to work with (at least) ACL.
Just seems to far fetched to me tho Dazzle, it's all to neat, it's like speculating that after we enter admin there will be a field of roses and a happy ending an both parties will be happy an the club will build to new heights, sorry but life doesn't work like that
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