Administration raises its head again (1 Viewer)

Forums New posts
R

rupert_bear

Well-Known Member
Nov 14, 2012
6,491
1,367
113
Listening to radio today I think it was CWR not sure, they had some football expert on proffesor or something being interviewed about the state ccfc was in. anybody else hear it ? He went on a bit as ""experts" can do but seemed adamant that administration will happen and we would get a TWENTY point deduction. Said we should do it now as relegation seems inevitable but if left until next season then we face the non league. I know these so called experts aren't always correct and I don't know the rules as to how it should happen or who puts us in or why but it does seem when is crucial.
Worrying times !!
 
Nick

Nick

Administrator
Feb 25, 2008
137,803
56,632
1,063
Coventry
On CWR as well? Not the same guy calling for Administration on Talksport yesterday is he?
 
Nick

Nick

Administrator
Feb 25, 2008
137,803
56,632
1,063
Coventry
shmmeee said:
I thought if you were basically down anyway they just delayed the penalty to next season. Anyone confirm?
Click to expand...

You would think they would have sense to do that, otherwise people would play the system to do that.
 
O

oldfiver

Well-Known Member
Mar 25, 2011
3,570
1,353
163
rupert_bear said:
Listening to radio today I think it was CWR not sure, they had some football expert on proffesor or something being interviewed about the state ccfc was in. anybody else hear it ? He went on a bit as ""experts" can do but seemed adamant that administration will happen and we would get a TWENTY point deduction. Said we should do it now as relegation seems inevitable but if left until next season then we face the non league. I know these so called experts aren't always correct and I don't know the rules as to how it should happen or who puts us in or why but it does seem when is crucial.
Worrying times !!
Click to expand...

Did he say who would put them in to Admin and who is he?
 
fernandopartridge

fernandopartridge

Well-Known Member
Dec 9, 2011
36,106
37,495
313
Who is going to put the club into administration? Will it be Wasps with this silly claim for pitch repair money?
 
skybluebeduff

skybluebeduff

Well-Known Member
Jun 28, 2011
5,704
1,831
163
Beduff
We went into admin last time so SISU could use Otium to buy us for whatever reason, why would they do it gain? Makes no sense.
 
oldskyblue58

oldskyblue58

CCFC Finance Director
Apr 16, 2010
9,697
7,608
313
Coventry
Don't really understand how these other experts get to their conclusion.

So the main creditor puts the club into administration, CCFC incurs 20 point penalty so making future even harder, remains in control of the process as largest creditor (and therefore running of the club), incurs £1m plus in administrator costs, to buy back the club for say £1m because they can not afford to crystallise the debt loss to investors to arrive back at exactly what they have now but £2m+ lighter. The main creditors being the owners of the club - ARVO/SISU

All makes perfect sense - not - do they actually look at the facts and what is really going on
 
  • Like
Reactions: Kingokings204, Pete in Portugal, The Reverend Skyblue and 6 others
Nick

Nick

Administrator
Feb 25, 2008
137,803
56,632
1,063
Coventry
oldskyblue58 said:
Don't really understand how these other experts get to their conclusion.

So the main creditor puts the club into administration, CCFC incurs 20 point penalty so making future even harder, remains in control of the process as largest creditor (and therefore running of the club), incurs £1m plus in administrator costs, to buy back the club for say £1m because they can not afford to crystallise the debt loss to investors to arrive back at exactly what they have now but £2m+ lighter. The main creditors being the owners of the club - ARVO/SISU

All makes perfect sense - not - do they actually look at the facts and what actually is going on
Click to expand...
Was saying the same thing myself! Word for word!
 
  • Like
Reactions: Rusty Trombone
C

CovBurty

Well-Known Member
Feb 13, 2017
485
204
43
Coventry
The guy on CWR commented he had heard rumours of an administration. He didn't confirm any idea of administration, just hearsay. The presenter also denied any confirmation. It's all small talk methinks. Another cats whisper crap going around peeps hoping that Sisu are moving on. Very doubtful imo.
 
Nick

Nick

Administrator
Feb 25, 2008
137,803
56,632
1,063
Coventry
CovBurty said:
The guy on CWR commented he had heard rumours of an administration. He didn't confirm any idea of administration, just hearsay. The presenter also denied any confirmation. It's all small talk methinks. Another cats whisper crap going around peeps hoping that Sisu are moving on. Very doubtful imo.
Click to expand...

Who was it, do you know?

Was he not just mentioning the guy saying it yesterday on Talksport?
 
R

rupert_bear

Well-Known Member
Nov 14, 2012
6,491
1,367
113
Was definitely a professor hope it wasn't professor Stanley Unwin !
 
Last edited:
Esoterica

Esoterica

Well-Known Member
Aug 21, 2013
8,111
13,443
313
Czech Republic
Should change the thread title from 'Administration raises its head again' to 'Another ill-informed moron raises its head again'
 
clint van damme

clint van damme

Well-Known Member
May 3, 2015
36,630
47,406
313
the chances of getting a credible 'expert' on CWR are only slightly higher than that of them getting a decent sports presenter.
 
  • Like
Reactions: its a buzzard
C

CovBurty

Well-Known Member
Feb 13, 2017
485
204
43
Coventry
Nick said:
Who was it, do you know?

Was he not just mentioning the guy saying it yesterday on Talksport?
Click to expand...
Just caught the item on way to work on the CWR morning show about 8.15ish today. The guy was a professor, who they call in to have a little chat about City's woes. Not sure what he is a professor of. Just heard the piece as I listened to radio randomly. Not my usual channel. Sorry can't tell you more.
 
M

mrangry

Member
Feb 23, 2015
12
5
3
I'm confused here the books was saying 44m in debt to our beloved owners yet some months ago that figure was 70m how did we loss that 26m in a few months .......stupid me hey
 
Warwickhunt

Warwickhunt

Well-Known Member
Nov 16, 2012
3,710
1,422
213
Nick said:
You would think they would have sense to do that, otherwise people would play the system to do that.
Click to expand...
Cannot think of any football club who would do this Nick
 
JimmyHillsbeard

JimmyHillsbeard

Well-Known Member
Feb 21, 2013
2,257
2,245
213
Nick said:
Who was it, do you know?

Was he not just mentioning the guy saying it yesterday on Talksport?
Click to expand...

Prob John Beech (who I don't think is a Prof actually) or maybe Wyn Grant. That said neither would be likely to comment on the hearsay of having heard rumours of administration.
 
Terry Gibson's perm

Terry Gibson's perm

Well-Known Member
Mar 17, 2014
18,865
9,251
313
Nuneaton
mrangry said:
I'm confused here the books was saying 44m in debt to our beloved owners yet some months ago that figure was 70m how did we loss that 26m in a few months .......stupid me hey
Click to expand...

It's all just numbers they come and go
 
Grendel

Grendel

Well-Known Member
Sep 19, 2011
82,411
36,757
813
rupert_bear said:
Listening to radio today I think it was CWR not sure, they had some football expert on proffesor or something being interviewed about the state ccfc was in. anybody else hear it ? He went on a bit as ""experts" can do but seemed adamant that administration will happen and we would get a TWENTY point deduction. Said we should do it now as relegation seems inevitable but if left until next season then we face the non league. I know these so called experts aren't always correct and I don't know the rules as to how it should happen or who puts us in or why but it does seem when is crucial.
Worrying times !!
Click to expand...

Lol! He said he did an interview on a commercial station (talk sport I think) and the interviewer said that to him. He also said he never could understand why we sold Highfield road in 2005 and wondered if we were in debt then as well.
 
NortonSkyBlue

NortonSkyBlue

Well-Known Member
Mar 10, 2014
3,042
3,861
213
Nuneaton
Grendel said:
Lol! He said he did an interview on a commercial station (talk sport I think) and the interviewer said that to him. He also said he never could understand why we sold Highfield road in 2005 and wondered if we were in debt then as well.
Click to expand...
As you well know we didn't sell highfield road in 2005. It was long before.
There is zero chance of the club going in to voluntary liquidation. It is trading and its only debt is to its investors, it would be corporate suicide to take that course of action unless they are being chased by a third party.
 
Grendel

Grendel

Well-Known Member
Sep 19, 2011
82,411
36,757
813
riyadhskyblue said:
As you well know we didn't sell highfield road in 2005. It was long before.
There is zero chance of the club going in to voluntary liquidation. It is trading and its only debt is to its investors, it would be corporate suicide to take that course of action unless they are being chased by a third party.
Click to expand...

That's what the "expert" said on CWR
 
  • Like
Reactions: NortonSkyBlue
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Top Bottom