Michael could always ask the same jokers who offered to pay for CCFC if crowds were below 5000.
Who's going to pay 400k a year rent and matchday costs for cov united?
IMHO the FL had to promise the £590k would be paid
ACL were considered a "Football creditor" and they MUST be paid, ACL haven't been paid so what next?
I dread to think
If you want to read more
No different to what SISU have been doing for about a year and a half, everything that come from SISU is unhelpful.
I think it a little disingenuous of you to pick on this statement by ACL. Strongly worded it may be, but it's factual and quite frankly I don't blame them.
Why didn't the FL just insist on the money being paid last August before handing the Golden Share over?
How are ACL a football creditor?
Have you seen any solid evidence to show the money is in escrow? If it was the FL could issue a quick statement saying we are holding the money and will make a decision on what is owed. And if there is a dispute surely they need to speak to ACL and sort it out, should take about 5 minutes not weeks. I find it hard to see where the dispute is, the £590K in the CVA was not a rent payment even before you consider the £590K ordered to be paid by the FL is not part of CVA or any other agreement.
It seems very simple to me, SISU were told to pay £590K (not for rent or any other purpose a straight payment) by a certain date and haven't. First we had them saying it would definitely be paid before the deadline, then it was late due to banking issues and now we've got we don't think we have to pay it, doesn't fill me with confidence.
Points can be docked until a few weeks before the end of the season so while I hope we don't get a further deduction I don't think we can conclude from the fact it hasn't happened yet that it won't happen.
But don't acl have bills to pay?The match days cost will be sized accordingly & you know it.
To be fair (and I can't believe I am going to say this.....) I actually back ACL on this stance, if your ACL and you are willing to allow the Club to return you'd want all outstanding monies paid before a deal was made, it's not like Sisu to skip out on rent is it?
That being said I think ACL could have worded it a bit less stronger, that way negotiations may have been a bit more forecoming..
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My opinion too.
I agree with what has been said in the letter, I just don't think it has been worded well.
Would have been so much better if they had just said "Drop the legal action, pay your outstanding debts, and then lets talk about getting the club back to the Ricoh".
Maybe an official CCFC phoenix team.
But why exactly are we blinkered?
Doesn't matter if you are pro ACL, anti ACL, pro Sisu, anti Sisu! This statement doesn't do anything to move us forwards and resolve the situation.
Very stongly worded. The same statement could have been made with a bit more of a concilliatory stance.
This one is 'you will do as you are told.' We need give and take, from both sides.
When you are dealing with a hedge fund, especially one that doesn't pay it's dues, you tell them exactly what the deal is. You pay your dues
or you don,t get back to the Ricoh. I hope the next step is ACL sue sisu in the High Court to get the money owed.
I think the suggestion was to support the Reverends theory that an additional tenant with potential would put pressure on SISU to start talking. Not a suggestion that we dump CCFC. (the later may be out of our control over the next few weeks anyway)
I said a few weeks ago if we sell Wilson and don't return home this season I'm done.
Well it's been a pleasure. I'm out.
I'm not generally against ACL, who I think have largely been the wronged party in all of this. However, I can't see this statement as in any way helpful - this looks a lot like closing doors rather than opening them.
The FL have a lot to answer for here - and not for the first time. Having decided not to accept the CVA (an action which I can understand given all of the shenanigans around asset transfers and golden shares), I think ACL gave up the right to that £590k. But the FL, after saying they weren't going to get involved in a dispute between landlord and tenant, then stepped right into the middle of it by insisting that Otium behaved as though there was a CVA. That is beyond understanding, for me. To then let it all slide, is absoultely pathetic. The FL is utterly worthless as an organisation. They should buy a £40 app to organise the fixtures, stick the answering machine on, and then all f*ck off somewhere warm for a year until it's time to run the app again. Things would run much more smoothly.
Regardless, for ACL to then make the payment of the £590k a condition of return doesn't seem quite right to me. Like everything else it should be a subject for negotiation whilst the club returns on a short-term rental deal. If those negotiations fail, then it's up to SISU to build a new stadium, and ACL to get on with their business without CCFC. What's just happened is a massive backwards step, imho, and I'm really disappointed that ACL have felt the need to start another public war of words...
I am getting so fucked off by this constant shit.
It's the confrontational do it or else that doesn't really help.
Surely we know by now that provokes the 'or else'!
As I said before this is exactly the tone SISU have adopted for the last year & a half. I don't blame ACL one little bit.
ACL showing themselves for what they are. This kind of confrontational approach is just going to give sisu an excuse not to bother. Thanks ACL.
Weeks and months of Sisu's lies and bluster, not paying a legally binding rent, not paying what they owe as instructed, forcing a six figure sum upon the taxpayers of Coventry with yet more to come; and yet one statement form ACL suggesting they won't deal with these bloodsuckers until they get what they are owed, and out come the fickle brigade. If it all goes tits up, it will be ACL's fault. Unbelievable.
So where's the fresh start?
Where's the desire to move on?
Where's the tone to help make a deal?
Nothing ever changes does it? It's almost like they want to push them to do the 'or else'!
You must realise the balls in SISU's court, only they can bring the club back, how about having a go at SISU.
where's SISU's frest start?, where's the desire from SISU to move on? Where's the tone from SISU to make a deal?
I appauld ACL for having the balls to say it straight, nothing in their statement is spin, it's all the truth, it just some of you don't want to accept it?
once again, SISU have been using this confrontational approch for the last year & half. Good on ACL, play them at their own game.
Points can be docked until a few weeks before the end of the season so while I hope we don't get a further deduction I don't think we can conclude from the fact it hasn't happened yet that it won't happen.
“There are two modalities of timing, one was the end of May. The other was at the end of the liquidation process. The long and the short of it is, if we make an agreement with the Football League, we will honour it.”
This is what really fucks me off, that for some reason I'm not allowed to have a go at both, it has to be one or the other.
How about, in this instance, in my view ACL are harming the return of our club, so ACL should be pulled up on it?!?
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