Skybluerevolution (Pt2)
New Member
yep back up...
They aren't accounts though are they.... So your point is irrelevant.Where is this hysteria comming from? We already have accounts up to 2011 anyway, documents from 2008 can have zero relevence to arguments of asset movements after the last accounts were filed !
imp:
Where is this hysteria comming from? We already have accounts up to 2011 anyway, documents from 2008 can have zero relevence to arguments of asset movements after the last accounts were filed !
I think it has to do with ownership, roles and responsibilities within the companies, I am guessing they have been changed at some point (legally or otherwise), therefore showing some wrong doing (probably) I can only find a 10 page document so not sure if there is more to come...
They aren't accounts though are they.... So your point is irrelevant.
Where is this hysteria comming from? We already have accounts up to 2011 anyway, documents from 2008 can have zero relevence to arguments of asset movements after the last accounts were filed !
imp:
Because Appleton allegedly spent weeks and weeks looking for the Golden share when it's location should have been known from the start. These minutes also back up the accounts that show the players were and should be in limited something constantly denied by Tim Fisher. This also confirms what we have always known is that when Tim Fisher says limited was a non trading subsidy. Not only is what he is false but he knows it too.
Skybluerevolution (Pt2) Apologies mate, but you never said that.
Why are ACL suddenly saying they care about the fans? Agree with most of it but leave us fans out of your squabbles
Statement from the Board of Arena Coventry Limited
"The Board of Arena Coventry Limited is extremely disappointed by the Football League's decision yesterday evening relating to Coventry City Football Club. There are many more questions to be asked now of both the Joint Administrator Paul Appleton and Football League itself.
“That both these parties appear to have been complicit in allowing a company which has refused to pay its debts and fallen into administration, to then buy itself back with little or no consequence, beggars belief. The overwhelming majority of Sky Blues fans and indeed football fans in general are appalled by these actions.
"We are incredulous at The Football League’s continued disregard for its own regulations thus far in this saga. The Football League needs to protect its own credibility and refer this whole matter to the Football Association for review. Everyone associated with the game in this country will respect a Football Association judgement. We urge the Football League to make this referral as quickly as it was able to make a decision yesterday.
“We have also seen during the last 24 hours the emergence, via an independent website of documents, which appear to make a mockery of Mr Appleton’s supposedly lengthy hunt for Football League Golden Share. These documents show also that far more than the Golden Share lay in Coventry City Football Club Limited, which was also the location of the players, manager, gate revenues and everything else associated with the Football Club.
“If these documents are authentic, then those Directors of the Football Club present at the Coventry City Football Club (Holdings) Limited Board meeting in March 2008 need to speak out. Sky Blues fans need those Directors to explain how they think the purposes of Coventry City Football Club Limited and Coventry City Football Club (Holdings) Limited later became blurred.
"ACL originally acted to prevent the threat of liquidation of the Club issued by the current chief executive officer of Coventry City Football Club, Tim Fisher. ACL has since been working as hard as possible to keep Coventry City playing in Coventry and on a sound financial footing. Mr Fisher has also now chosen to make factually inaccurate public statements relating to the meeting attended by Joy Seppala as well as ACL Board members on Thursday 25 July. It is interesting to note Mr Fisher’s failure to mention Ms Seppala’s verbal statement during this meeting, made in the presence of her own lawyers that the only circumstance in which the Club would return to the Ricoh would be upon SISU assuming full ownership of the venue without any negotiation on purchase price. Ms Seppala also stated at this meeting her intention to continue to threaten ACL and its shareholders with expensive litigation at every possible opportunity. Perhaps the fact that Mr Fisher was not himself present at this meeting has distorted his view of what was really discussed.
“People can make their own minds up where blame for this upsetting situation lies. It is clear however that the actions of both Mr Appleton and the Football League should be scrutinised by Sky Blues fans, other football supporters representative groups, the media, the Football Association and Parliament. The liquidation process allows for detailed investigation of the failed business and we will be watching carefully to ensure this is carried out in an appropriate manner in the case of Coventry City Football Club Limited. We hope also that because of the questions being asked by supporters and other stakeholders about his actions, Mr Appleton will allow new, independent liquidators to investigate the actions of the Company and officeholders if the Company does go into liquidation, which we note has still not been publicly confirmed.”
Sorry Peter, that's not worth the paper its written on.
you have made no points of any merit.
imp:
Nah, its 2008. proves nothing at all in relation to 2013.
imp:
Statement from the Board of Arena Coventry Limited
"The Board of Arena Coventry Limited is extremely disappointed by the Football League's decision yesterday evening relating to Coventry City Football Club. There are many more questions to be asked now of both the Joint Administrator Paul Appleton and Football League itself.
“That both these parties appear to have been complicit in allowing a company which has refused to pay its debts and fallen into administration, to then buy itself back with little or no consequence, beggars belief. The overwhelming majority of Sky Blues fans and indeed football fans in general are appalled by these actions.
"We are incredulous at The Football League’s continued disregard for its own regulations thus far in this saga. The Football League needs to protect its own credibility and refer this whole matter to the Football Association for review. Everyone associated with the game in this country will respect a Football Association judgement. We urge the Football League to make this referral as quickly as it was able to make a decision yesterday.
“We have also seen during the last 24 hours the emergence, via an independent website of documents, which appear to make a mockery of Mr Appleton’s supposedly lengthy hunt for Football League Golden Share. These documents show also that far more than the Golden Share lay in Coventry City Football Club Limited, which was also the location of the players, manager, gate revenues and everything else associated with the Football Club.
“If these documents are authentic, then those Directors of the Football Club present at the Coventry City Football Club (Holdings) Limited Board meeting in March 2008 need to speak out. Sky Blues fans need those Directors to explain how they think the purposes of Coventry City Football Club Limited and Coventry City Football Club (Holdings) Limited later became blurred.
"ACL originally acted to prevent the threat of liquidation of the Club issued by the current chief executive officer of Coventry City Football Club, Tim Fisher. ACL has since been working as hard as possible to keep Coventry City playing in Coventry and on a sound financial footing. Mr Fisher has also now chosen to make factually inaccurate public statements relating to the meeting attended by Joy Seppala as well as ACL Board members on Thursday 25 July. It is interesting to note Mr Fisher’s failure to mention Ms Seppala’s verbal statement during this meeting, made in the presence of her own lawyers that the only circumstance in which the Club would return to the Ricoh would be upon SISU assuming full ownership of the venue without any negotiation on purchase price. Ms Seppala also stated at this meeting her intention to continue to threaten ACL and its shareholders with expensive litigation at every possible opportunity. Perhaps the fact that Mr Fisher was not himself present at this meeting has distorted his view of what was really discussed.
“People can make their own minds up where blame for this upsetting situation lies. It is clear however that the actions of both Mr Appleton and the Football League should be scrutinised by Sky Blues fans, other football supporters representative groups, the media, the Football Association and Parliament. The liquidation process allows for detailed investigation of the failed business and we will be watching carefully to ensure this is carried out in an appropriate manner in the case of Coventry City Football Club Limited. We hope also that because of the questions being asked by supporters and other stakeholders about his actions, Mr Appleton will allow new, independent liquidators to investigate the actions of the Company and officeholders if the Company does go into liquidation, which we note has still not been publicly confirmed.”
it absolutely does especially as it is backed up by the 2011 accounts.
the FL said the golden Share was in LTD and it was, the trouble is Sisu never told The FL that they had moved everything else into holdings,the FL said LTD should have held the players registrations,but sisu moved them and never told FL
The last statement says nothing! its just crying!
ACL's first statement gave their reasons for rejecting the CVA and landing the club with a 10pt deduction.
(ACL)
This decision was based on ACL's twin aims: first, to keep Coventry City Football Club playing in Coventry; and second, to ensure that Coventry City Football Club is financially viable for the next few years and beyond.
This last point is especially important
How exactly do you see those two points working peter?
imp:
Its crashed.....or joy and tf have had it removed.
after a statement like this it seems apaprent ACL dont want city at ricoh anytime soon
By not agreeing the CVA did all the debt not leave the club and various SISU funds take the hit?
If signed would the club via Optium not have picked up the amount paid to clear Ltd debts?
Surely ACL have cleared CCFC debt. Heroes?
No wonder TF is pi$$ed off.
We hope also that because of the questions being asked by supporters and other stakeholders about his actions, Mr Appleton will allow new, independent liquidators to investigate the actions of the Company and officeholders if the Company does go into liquidation, which we note has still not been publicly confirmed.”...........................................................................................................................................................................................................................................................So this is what was meant when the MP said "Be prepared to stand aside Mr Appleton."
ACL - what planet are they on.
I think there was a post on another thread saying SISU would write off 60m if the CVA was signed, only £30m if not. I could be remembering the figures wrong.
imp:
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