Just read that two City MP's have been bickering between themselves in Parliament regarding our current situation.
Well that's going to help our cause, isn't it :facepalm:
http://www.coventrytelegraph.net/news/coventry-news/mps-bob-ainsworth-geoffrey-robinson-6234485
You have to ask the question! Because of the liquidation then ACL get virtually nothing from the adminstrator as to what is owed to them from CCFC, looking back it was shown that GR was gaurantor for the CCFC rental payments so why have ACL not chased his up to honour his commitment to themWould like to see Robinson questioned properly as to his role in all this and as to whether he has any financial liability because of it. Think that might be interesting. But not sure that would add much to solving the mess
It would seem there wasnt much bickering between Ainsworth and Cunningham
Well that's going to help our cause, isn't it :facepalm:
http://www.coventrytelegraph.net/news/coventry-news/mps-bob-ainsworth-geoffrey-robinson-6234485
You have to ask the question! Because of the liquidation then ACL get virtually nothing from the adminstrator as to what is owed to them from CCFC, looking back it was shown that GR was gaurantor for the CCFC rental payments so why have ACL not chased his up to honour his commitment to them
Just read that two City MP's have been bickering between themselves in Parliament regarding our current situation.
Well that's going to help our cause, isn't it :facepalm:
http://www.coventrytelegraph.net/news/coventry-news/mps-bob-ainsworth-geoffrey-robinson-6234485
OSB yes you are right there was a clause from the FL that SISU/OTIUM pay the sum of £590k to ACL to get the Golden Share awarded, i think ACL should have chased GR up before applying to the court to put us into administration (i know I would have). As the Liquidation process is not completed yet do you think the ACL have received their monies yet?I thought that he was, or more exactly a guarantor to the escrow account. Is it ACL or the administrator that has to chase up on that account though? Perhaps who ever should has and some agreement is being or has been made?
Wouldnt say ACL were due nothing, I understood that as part of Otium getting the League share they had to pay ACL £590k
OSB would that be binding in Law that SISU must pay the £590K to ACL as a result of being awarded the Golden Share? or is a request by the FL and would the FL recind the Golden share if they did not payup (track record says they will not pay)OSB yes you are right there was a clause from the FL that SISU/OTIUM pay the sum of £590k to ACL to get the Golden Share awarded, i think ACL should have chased GR up before applying to the court to put us into administration (i know I would have). As the Liquidation process is not completed yet do you think the ACL have received their monies yet?
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.OSB would that be binding in Law that SISU must pay the £590K to ACL as a result of being awarded the Golden Share? or is a request by the FL and would the FL recind the Golden share if they did not payup (track record says they will not pay)
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.
They did exactly the same thing with Portsmouth, they had to agree to make certain payments to be issued with the golden share. Of course the follow on question would be what will the league do if and when Otium fail to make the payment.
Not a lot of love between Ainsworth and Robinson. Bob was trade union conveynor in his Jaguar days, at the same time Geoffrey was Managing director
What a moronic comment.
Surely we want our club to be run fairly and honestly and see it back in Coventry. Any debate which sets out with that in mind clearly has to be a step in the right direction.
Ffs
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
The only thing moronic is that you see MP's of the same City, albeit different parties, squabbling in public is a good thing for our cause, yet both claim to want the same outcome.
Is politics like this that have got us in the position we're in today
Moronic? :laugh:
The only thing moronic is that you see MP's of the same City, albeit different parties, squabbling in public is a good thing for our cause, yet both claim to want the same outcome.
Is politics like this that have got us in the position we're in today
Moronic? :laugh:
The only thing moronic is that you see MP's of the same City, albeit different parties, squabbling in public is a good thing for our cause, yet both claim to want the same outcome.
Is politics like this that have got us in the position we're in today
You're either pissed or stupid - nothing you say makes any sense.
The simple fact is that people are trying to raise awareness to our plight by exposing facts and stimulating debate.
You'd have to be moronic to think that this process is not worthwhile.
You'd have to be moronic to think (particularly as a city fan) that it would be better to do nothing.
You'd have to be moronic to believe that football governance couldn't and shouldn't be better than it is.
You'd have to be moronic (with World Cup going to Qatar and the UK's ninth biggest city without a football team) that something isn't rotten with our national game and that people shouldn't urge our governing body to examine its conscience.
I get that any coverage is going to raise awareness. I've never said talking about it in parliament isn't worthwhile (although I'm not sure what good will come of it; I've convinced myself I'll not see another game of football at the Ricoh again, atleast while OTIUM are at he helm, and I can't see them moving anytime soon. If I do see football there again, then great. If I don't, I won't be surprised.)
I do agree the Quatar decision is moronic though, but I doubt there will be any changes to the FA, to the Football League, and regarding this last point, FIFA.
Oh, and I'm neither pissed or stupid. Maybe nothing I say makes sense to you as we obviously don't agree on a lot of things.........
Just read that two City MP's have been bickering between themselves in Parliament regarding our current situation.
Well that's going to help our cause, isn't it :facepalm:
http://www.coventrytelegraph.net/news/coventry-news/mps-bob-ainsworth-geoffrey-robinson-6234485
I guess 3 MPs agree doesn't make such a good headline.
That was the (misleading) headline, actually Aisnworth, Robinson & Pawsey (Rugby) were quite cordial & largely in accord, despite some differences of emphasis.
I guess 3 MPs agree doesn't make such a good headline.
Robinson challenged Ainsworth & got taken down a peg or 2 when Ainsworth pointed out he was in charge of CCFC when they got into all this shit.
That was the (misleading) headline, actually Aisnworth, Robinson & Pawsey (Rugby) were quite cordial & largely in accord, despite some differences of emphasis.
I guess 3 MPs agree doesn't make such a good headline.
Robinson challenged Ainsworth & got taken down a peg or 2 when Ainsworth pointed out he was in charge of CCFC when they got into all this shit.
It was actually four MPS (as Jim Cunningham was involved) .... and Pawsey wasn't involved, it was Marcus Jones (Nuneaton).
So yes four local MP's
Three of them partly / fully in agreement. One appearing to disagree.
Three people agreed while two MPs from the same party made snide remarks at each other - or bickered if you prefer. Factual, accurate, backed up with quotes.
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