As i understand it there is nothing that can make the administrator/liquidator of ccfc ltd pay ACL the money. They can only apportion what is left in the pot to all creditors in proportion to their debt (after deducting the admin/legal/liquidation costs of course) The intention of the FL is that ACL would receive a total of £590k from the admin/liquidation process and Otium share grant. So that say ACL get £50k out of the liquidation then there is a condition of the golden share being given to Otium that Otium top the figure up by £540k to equal the £590k. I would assume that contracts have been signed that stipulate this. Of course we all know contracts can be broken and that the Football League are not good at paperwork.
So in insolvency law it is not binding but there must be a contract between FL and Otium that makes the payment mandatory ....... over what period would be a different question, and would it be open to challenge if say Otium couldnt afford it and the fulfilment of fixtures was at risk.......
I would guess ACL are not exactly hanging their hat on receiving it any time soon...... pretty certain they have not received any of it yet