cant get over 10pt deduction (1 Viewer)

[covcity4life]

Likliehood is we are gonna miss out on playoffs by less than 10pts

What did council gain from it?

I hate council and sisu so no zealot answers please

After this year we might not have finances to challenge again. So frustrating

 

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[bigfatronssba]

They had no faith in the administration process, which has been shown to be flawed.

 

[Cheshire Sky Blue]

Likliehood is we are gonna miss out on playoffs by less than 10pts

What did council gain from it?

I hate council and sisu so no zealot answers please

After this year we might not have finances to challenge again. So frustrating

It wasn't the council that got the 10 points deductions it was Fisher and SISU. They withheld the rent, they tried to distress ACL, they tried to ruin a charity. They could have paid the rent an d not be any worse off. They persist in trying to distress ACL and continue to distress the bulk of the faithful by playing in the cow shed.
I am not a council fan, but they are not to blame. The more you guys try to blame CCC, the easier you make it for Fisher and Sisu to continue the charade. Please, please, just wake up and get real.

 

[The Gentleman]

Likliehood is we are gonna miss out on playoffs by less than 10pts

What did council gain from it?

I hate council and sisu so no zealot answers please

After this year we might not have finances to challenge again. So frustrating

Well unfortunately you are going to have to get over it because it is not going to change.

 

[covcity4life]

So they decided to make things worse?

Gentleman-your response is not one anyone would expect from a cov fan, or football fan actually

Or do ccfc just not mean that much to you?

 

[bigfatronssba]

So they decided to make things worse?

The directors of ACL have no responsibility to CCFC. The only people who do are the CCFC board and owners.

ACL have a responsibly to their own business, no one else.

 

[Grendel]

They had no faith in the administration process, which has been shown to be flawed.

Wrong that was just the spin they put out to justify the decision.

 

[DazzleTommyDazzle]

Wrong that was just the spin they put out to justify the decision.

And you know this how?

 

[The Gentleman]

So they decided to make things worse?

Gentleman-your response is not one anyone would expect from a cov fan, or football fan actually

Or do ccfc just not mean that much to you?

No, it's just that my family is the the most important thing in my life. So unless you have no family, I suggest that your priorities are slightly skewed.

 

[Grendel]

The directors of ACL have no responsibility to CCFC. The only people who do are the CCFC board and owners.

ACL have a responsibly to their own business, no one else.

So what you are saying is that an organisation must put its investors first and if that included a plan to increase the asset base with a five year plan you'd support it?

 

[Longford]

The directors of ACL have no responsibility to CCFC. The only people who do are the CCFC board and owners.

ACL have a responsibly to their own business, no one else.

And Joy has said she is only bothered about looking after her shareholders, investors and family. Hopefully not in that order but who knows

Either way CCFC, it's fans and the vast majority of people of Coventry are not on that list or even a consideration.

 

[Grendel]

And you know this how?

They wanted to enforce 2 decisions and would have signed if they'd been agreed as confirmed by PWKH.

 

[Seaside-Skyblue]

To summarise, they haven't achieved anything at all other than create an even more difficult challenge for the team to reach the play offs. I thought that was the whole point of them rejecting the offer from SISU in order to begin an investigation into the administration process. However, that doesn't mean I disagree with what they did entirely but the problem is that they have simply rejected it based on the principle of not agreeing with the administration process. The problem is that they haven't acted on this with anything tangible? I totally get having principles and sticking to what you believe in but we are no further forward in getting the club back to the Ricoh and have a ten points deduction as a result. That's where I struggle with the choice they made. Basically the toss up was between - stick to principle (without acting on it or achieving anything tangible) vs. a ten points deduction and the team risking relegation. I'm unsure on this one.

 

[torchomatic]

Didn't Joy cause a storm by saying the same thing?

The directors of ACL have no responsibility to CCFC. The only people who do are the CCFC board and owners.

ACL have a responsibly to their own business, no one else.

 

[DazzleTommyDazzle]

They wanted to enforce 2 decisions and would have signed if they'd been agreed as confirmed by PWKH.

So they would have agreed a different deal that incorporated other things that they couldn't get out of the "unusual" administration process.

Doesn't sound that odd and I can't see it as proof of your assertion.

 

[DazzleTommyDazzle]

To summarise, they haven't achieved anything at all other than create an even more difficult challenge for the team to reach the play offs. I thought that was the whole point of them rejecting the offer from SISU in order to begin an investigation into the administration process. However, that doesn't mean I disagree with what they did entirely but the problem is that they have simply rejected it based on the principle of not agreeing with the administration process. The problem is that they haven't acted on this with anything tangible? I totally get having principles and sticking to what you believe in but we are no further forward in getting the club back to the Ricoh and have a ten points deduction as a result. That's where I struggle with the choice they made. Basically the toss up was between - stick to principle (without acting on it or achieving anything tangible) vs. a ten points deduction and the team risking relegation. I'm unsure on this one.

I'm in a similar place.

From a football point of view, I'd much prefer us not to have the deduction - from a business point of view, if I'd been on the other end of SISU's actions I would have (how can I put this) not been inclined to be helpful.....

 

[chiefdave]

Likliehood is we are gonna miss out on playoffs by less than 10pts

What did council gain from it?

Of course if SISU had paid what was owed there would have been no administration and no points deductions so maybe the better question is was not having to pay the owed rent / breaking the lease worth missing the play offs for?

 

[Cheshire Sky Blue]

So they decided to make things worse?

Gentleman-your response is not one anyone would expect from a cov fan, or football fan actually

Or do ccfc just not mean that much to you?

I have been a City fan for fifty two years. I had a season ticket since I started work and could afford it. I had three when my lads came with me from when they were JSB's up until the clowns you so eagerly support and stand up for took my team away from my City. Its you my friend who is demonstrating the characteristics of someone who can not relate to the nature of real football fans. I'm not sure what is worse, SISU lies or deluded followers

 

[quinn1971]

The - 10 pts was probably what Pressley used to help motivate the players to where we are now, not sure we would have had the same start without the pts deduction.

 

[M&B Stand]

The - 10 pts was probably what Pressley used to help motivate the players to where we are now, not sure we would have had the same start without the pts deduction.

Probably some truth in that. Until injury time at Bradford in November we were in touching distance if the play offs. Normal service has now been resumed.

 

[letsallsingtogether]

wheres your proof show us please?

Wrong that was just the spin they put out to justify the decision.

 

[Cheshire Sky Blue]

I wouldn't take to much notice of him,hes still pissed with the council at the lack of cab ranks and the amount of licence's they issue.

O' Thanks valiant hadn't realised he was a rank outsider.

 

[italiahorse]

The process could have continued but the administrator decided not too, probably from Sisu pressure. After all the goal of breaking the lease was achieved. You don't have to accept the first offer otherwise why did HMRC object as well ?

 

[valiant15]

O' Thanks valiant hadn't realised he was a rank outsider.

He detests the council with a passion.It certainly clouds his judgement of the situation.

 

[Rusty Trombone]

Likliehood is we are gonna miss out on playoffs by less than 10pts

What did council gain from it?

I hate council and sisu so no zealot answers please

After this year we might not have finances to challenge again. So frustrating

I think it is far more likely that we'll miss out by more than 10 points, we're 11 points off now and it appears as if Clarke will be going, and of course Wilson is out for a while. We should be more concerned about the bottom four than the top six.

 

[Hobo]

Stop bleating get on with reality, no use living in the "what might have happened world."

 

[stupot07]

The process could have continued but the administrator decided not too, probably from Sisu pressure. After all the goal of breaking the lease was achieved. You don't have to accept the first offer otherwise why did HMRC object as well ?

The HMRC always reject football related CVA's as a stand against Football Creditors First rule.


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[chiefdave]

The HMRC always reject football related CVA's as a stand against Football Creditors First rule.

My understanding, from speaking about this to an HMRC officer when one of my companies was being audited, is that the policy is HMRC reject automatically when the football creditors rule is involved to give others preference over HMRC which wasn't the case with our CVA.

 

[DazzleTommyDazzle]

The HMRC always reject football related CVA's as a stand against Football Creditors First rule.


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There were no football creditors involved in our administration, given that the company involved was only a "non-trading property owning subsidiary".

 

[stupot07]

My understanding, from speaking about this to an HMRC officer when one of my companies was being audited, is that the policy is HMRC reject automatically when the football creditors rule is involved to give others preference over HMRC which wasn't the case with our CVA.

Interesting, but doesn't mean that HMRC didn't automatically reject ours because of the lack of football creditors. Are there any recent examples of where they have accepted a football related CVA?


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[DazzleTommyDazzle]

Interesting, but doesn't mean that HMRC didn't automatically reject ours because of the lack of football creditors. Are there any recent examples of where they have accepted a football related CVA?


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Are there any recent examples of football club administrations turning out to surprisingly only involve a "non-trading property owning subsidiary"?

 

[chiefdave]

Interesting, but doesn't mean that HMRC didn't automatically reject ours because of the lack of football creditors. Are there any recent examples of where they have accepted a football related CVA?

I suspect you would struggle to find any other examples of a football club going into administration being followed by the revaluation the football club employees no players and only deals in property!

 

[Astute]

So what you are saying is that an organisation must put its investors first and if that included a plan to increase the asset base with a five year plan you'd support it?

No This is what you support.

 

[James Smith]

So they would have agreed a different deal that incorporated other things that they couldn't get out of the "unusual" administration process.

Doesn't sound that odd and I can't see it as proof of your assertion.

Was this the meeting where Mr Labovitch couldn't hear the offer from ACL because he was acting as a director of one of the other companies that he is/was on the board of and not Otium?

 

[italiahorse]

The HMRC always reject football related CVA's as a stand against Football Creditors First rule.


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I know, but what is the point of being able to reject it if there is no point in doing it?
Otherwise the administrator would just say what the deal is.
The process should have continued.