Bluegloucester
New Member
If that was the case the FL would have no control over who owned a football club.
Bluegloucester
"whether they should register any proposed transfer"
or in other words: they can do so on their own cognizance without necessarily requiring the FL or FA consent.
So if they transferred it from Ltd to Holdings the likely outcome is they can as there is no great requirement to register that intent with the FA or FL.
Bluegloucester
"whether they should register any proposed transfer"
or in other words: they can do so on their own cognizance without necessarily requiring the FL or FA consent.
So if they transferred it from Ltd to Holdings the likely outcome is they can as there is no great requirement to register that intent with the FA or FL.
FA said:Transfer of Membership
Council may use the following criteria, and any other conditions in Council’s
absolute discretion, in deciding whether to approve the transfer of membership
by a Full Member Club or an Associate Member Club:
(i) the shareholders or members of the existing Full Member Club or
Associate Member Club have voted to agree the transfer of the
membership to the proposed future member;
(ii) all Football Creditors of the existing Full Member Club or Associate
Member Club must be fully satisfi ed;
(iii) all other creditors of the existing Full Member Club or Associate Member
Club must be satisfi ed and evidenced as such;
(iv) the proposed future Full Member Club or Associate Member Club must
provide fi nancial forecasts showing their ability to fund the Full Member
Club or Associate Member Club for the next 12 months or to the end of
the season following transfer (whichever is the longer);
(v) evidence of funding sources will be required; and
(vi) where the proposed future Full Member Club or Associate Member Club
is a company, then it shall be formed and registered in England and
Wales under the Act
If that was the case the FL would have no control over who owned a football club.
Time to start a new football club?
The City of Coventry AFC
In whatever league is necessary, at the Ricoh, with PH4 as the investor. we all buy season tickets to support the club that represents our city?
This leaves Sisu with no fans, no income, and not much in the way of hope of selling to anyone.
We too should be playing hardball.
Play Up Blue Skies !
The FA rules say
http://www.thefa.com/~/media/Files/...the-association/rules-of-the-association.ashx
Does any of that apply here?
What's significant about only investigating directors of the past three years, by the way?
Why not earlier?
It's all a fraud - we can only pray a good investigative journalist comes in.
Goodbye Football Club
No it does not mean that. However you wish it to be is not the legal version is it?
It means the known entity that exist CCFC Ltd and CCFC (Holdings) Ltd as being one of the same and the reason 10 points were deducted can shift it around within that entity group. It does not mean to any other owner. In other words SISU have it and will slide it around the football clubs known entity as they will unchallenged by any precedent. So placing CCFC LTD in admin but first shifting the golden share to the Holdings branch seems to be OK. It's not a new owner, it's still the SISU funded football club. That is also easily argued in court I would suggest.
I'm not on the side of SISU at all but you have to look at why they have been so adamant all this time.
Good point and if you read it carefully it suggest what I said above is legal.
No it does not mean that. However you wish it to be is not the legal version is it?
It means the known entity that exist CCFC Ltd and CCFC (Holdings) Ltd as being one of the same and the reason 10 points were deducted can shift it around within that entity group. It does not mean to any other owner. In other words SISU have it and will slide it around the football clubs known entity as they will unchallenged by any precedent. So placing CCFC LTD in admin but first shifting the golden share to the Holdings branch seems to be OK. It's not a new owner, it's still the SISU funded football club. That is also easily argued in court I would suggest.
I'm not on the side of SISU at all but you have to look at why they have been so adamant all this time.
Are you a lawyer? I am. The owners cannot shift ownership between entities without FL approval, have had it confirmed.
Time to start a new football club?
The City of Coventry AFC
In whatever league is necessary, at the Ricoh, with PH4 as the investor. we all buy season tickets to support the club that represents our city?
This leaves Sisu with no fans, no income, and not much in the way of hope of selling to anyone.
We too should be playing hardball.
Play Up Blue Skies !
To try and drag hoff and Elliot back into it when the mud starts getting slung
No it does not mean that. However you wish it to be is not the legal version is it?
It means the known entity that exist CCFC Ltd and CCFC (Holdings) Ltd as being one of the same and the reason 10 points were deducted can shift it around within that entity group. It does not mean to any other owner. In other words SISU have it and will slide it around the football clubs known entity as they will unchallenged by any precedent. So placing CCFC LTD in admin but first shifting the golden share to the Holdings branch seems to be OK. It's not a new owner, it's still the SISU funded football club. That is also easily argued in court I would suggest.
I'm not on the side of SISU at all but you have to look at why they have been so adamant all this time.
There is a big difference between legal and beneficial ownership.
I think you're wrong there Paxman. Yes the 2 companies are intrinsically linked, but they are at the end of the day 2 separate companies, with 2 different company registration numbers, with their own share capital and individual sets of accounts.
In order to transfer the golden share, irrespective of the type of company and their relationship with eachother, the transfer must be done through Companies House and the Football League. This clearly has not happened (we know this because Companie's House tells us that as fact) and the lack of a paper trail should in theory back this up.
If what you are arguing is the case then why are we discussing it still? Why are SISU still ramping up the rhetoric? They are two companies yes, I accept that but the parent company is one.
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