CCFC still going to Northampton? (1 Viewer)

[ccfcway]

What that means for the one thing the fans care about - the team - god knows but I can not see it being good.

It simply can not get any worst than Jordan Clarke and Willis at CB's and Callum Wilson as our 2nd striker. No offence to them at all. The team has been decimated by these owners. We are lucky to have Clarke, Baker and Christie and they will go within months, so we littreally will be left with kids...

 

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[ccfcway]

Tell me something nice?

Kelly Brook ?

 

[Sky Blues]

Think next step will be more legal stuff Harry . Sisu want their hands on the Ricoh and will try to distress ACL and their stakeholders to get their hands on it. They will do this by sueing everything that moves in an effort to drain funds from their targets. Its about a battle of who has the deepest pockets - what it isnt is who is wrong or who is right. They are prepared to go to Sixfields for a period to do it What that means for the one thing the fans care about - the team - god knows but I can not see it being good. So this is not the end and where that end is I have no real idea
* edit name

In a war of attrition it will be us fans who are caught in the crossfire.

 

[Noggin]

Not looking good.

Update from the Guardian: http://www.theguardian.com/football/2013/jul/31/coventry-city-liquidation-cva?CMP=twt_gu

Coventry City chief executive, Tim Fisher, said ACL's amendments would not be made to the CVA and that a planned groundshare with Northampton Town would go ahead.
"They've run us up against a cliff edge of liquidation and they've moved to tip us over," Fisher said. "All I can say is that it is the biggest crying shame.
"How can a public body not accept a complete CVA where they will get the money that they are owed, instead of a liquidation where they will get a fraction of that, potentially one-sixtieth of what they would have got?
"This isn't a financial situation of our making; there is no financial gain. Actually there is economic and financial wreckage at the club. I'm not sure we could have done anything differently."

I'm not sure you can write a paragraph with more bollocks than that.

"They've run us up against a cliff edge of liquidation and they've moved to tip us over," Fisher said. "All I can say is that it is the biggest crying shame.
"How can a public body not accept a complete CVA where they will get the money that they are owedNo they won't they get a fraction of what they are owed as well as losing a 40+ year lease , instead of a liquidation where they will get a fraction of that, potentially one-sixtieth of what they would have got?
"This isn't a financial situation of our making yes it is; there is no financial gain we've been telling you that for months, you've been saying otherwise.. Actually there is economic and financial wreckage at the club Congratufuckinglations dickhead. I'm not sure we could have done anything differently Ridiculous, I'm not sure you could have done anything worse and you had dozens of options all orders of magnitude better than the one you have chosen"

 

[RFC]

SISU would only continue to pay rent (we're told £150,000 in Div. 1 over 10 years, that's fine), however our playing budget will decrease year on year due to FIFA FFP RULES) 60% gross income this season but who knows in the future?

If they continue to base the FL on the German model, it will soon come down to 50% and we'll be more than in trouble.

Why should CCC allow SISU to own the Arena? All they have to do is increase the number of years on the lease to say 100 or 150 and retain the ownership of that lease but give them either a 5 or 10 year rental deal BUT WITH A % ACCESS TO ALL REVENUE STREAMS, to be negotiated.

 

[Sky Blues]

SISU would only continue to pay rent (we're told £150,000 in Div. 1 over 10 years, that's fine), however our playing budget will decrease year on year due to FIFA FFP RULES) 60% gross income this season but who knows in the future?

If they continue to base the FL on the German model, it will soon come down to 50% and we'll be more than in trouble.

Why should CCC allow SISU to own the Arena? All they have to do is increase the number of years on the lease to say 100 or 150 and retain the ownership of that lease but give them either a 5 or 10 year rental deal BUT WITH A % ACCESS TO ALL REVENUE STREAMS, to be negotiated.

If revenue streams are so important it makes no sense to go and play in front of 210 fans in Northampton. If they want their own stadium to have the full revenue streams, why don't they take the ACL deal, build the new ground and then buy out the lease? They would gain more turnover and more revenue (even after buying out the lease) than going to Northampton while they build a new stadium.

 

[italiahorse]

at least the greedy council scumbags wont get a penny. 14 million down the drain too!! well played coventry city council.

:jerkit:

 

[James Smith]

BUT WHAT ABOUT AT 'LEAST A SHARE' of ALL other revenue streams for the Football Club (FIFA Financial Fair Play rules, look it up!).

The Club won't exsist in years to come because of 'expenditure % set against gross income' (don't take my word for it, look it up), just research what others say including Mark Robins, Paul Fletcher, Ray Ranson & Geoffrey Robinson amongst many, many other 'high' profile figures.

Basically 'Coventry City Council' have never done enough to help or assist CCFC why????????????

However they've continually 'used' ACL as a 'Political' football IMHO!

NO PARTY COMES OUT OF THIS 'DEBACLE' with ANY credit IMHO, including SISU but far too many others are complicit and are not either commenting (for legal reasons) or are being being MORE THAN LIMITED WITH THE TRUTH.

I just wish ALL parties would take a couple of steps back and consider the supporters, the history, the community & dedication time and money that so many have given over a lifetime but also those new young fans that may well be lost forever, WITHOUT A SENSIBLE SOLUTION TO THIS AWFUL MESS!

Well I can dream, can't I??????????

I thought that F&B was included in this deal and frankly I'm fed up with this whole mess. I'd like to see an investigation of this whole situation including ACL, CCFC Ltd & Holdings, Otium, SB&L, Any Caymans Islands entities etc. find someone independent to do it and let's see where the blame really lies.

I think that the offer on the table from what Les Reid has said in tweets etc. is a bloody good one and offered us the chance to stay in our home city. SISU could have built the White Elephant stadium whilst we were there and then moved the club when it was built. ACL could have developed their business further to survive without the club in that time. We'd have had money coming in under FFP rules and everyone would have been happy

Well if nothing said to me that the White Elephant stadium isn't Bullshit before Tim your statement today sure does now, and the only reason that you're still here is because you want the Ricoh on the cheap and don't mind the smell of the shit you're shovelling. Don't be surprised if your customers don't come back next season, the three hundred season tickets might have been be a small clue, the protest march was a slightly larger one. I won't be giving the club one penny more until you and SISU have left and we're back playing in Coventry.

:blue:

 

[James Smith]

at least the greedy council scumbags wont get a penny. 14 million down the drain too!! well played coventry city council.

After your post a few days ago

we are playing at the ricoh. chill - its a defo

I think I know what I think of you and your opinions and facts.

 

[MatthewWallis]

how can ccfc Ltd be liquidated, and then Otium still get the golden share? I thought Otium bought CCFC Ltd, so if thats gone why do they get the golden share, why would it not go to CCFC Holdings Ltd :thinking about:

 

[Spionkop]

Matthew, because its rotten to the core. And the FA and Football League have rolled over. What's their slogan 'Real Fans.' My arse.

 

[spwaverley4916]

how can ccfc Ltd be liquidated, and then Otium still get the golden share? I thought Otium bought CCFC Ltd, so if thats gone why do they get the golden share, why would it not go to CCFC Holdings Ltd :thinking about:

I asked the same question - earlier in the thread and no one has answered it yet - seems a simple sort of question based on logic - but there must be a legal answer I was hoping old sky blue could give the answer. the football league may be rotton to the core. But if the FL gave us a 10 point deduction because they took the GS away from us through Ltd going into liquidation how can they give the GS back to holdings?? - if they are allowed to do this now why not last year. confused.com