City to Exit Administration? (2 Viewers)

[Nonleagueherewecome]

Somebody from the Sky Blues Trust told me today that he'd met with Tim Fisher earlier in the week and Fisher had claimed that they were "Going to pay our debts and exit administration shortly".

Can anyone else shed any light on the assertion? The Trust member himself seemed a bit sceptical, but he was just passing on what he'd been told as I was joining up and as it was 10 minutes before kick off I didn't really have time to question him further.

"Our" and "debts" are both terms that would require extensive explanation and definition given our present circumstances...

 

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[Moff]

It wouldnt add up would it? Especially coming from a man who cant lie straight in bed, and uses his dog fifi as a threat against people brandishing that foulest of weapons, a balloon.

If the money was there why not use it to hold off admin? and therefore not derail the season in one simplae action, as the 10 point penalty has led us to see the season out with a whimper.

The also worrying thought from this is that it would lead to further prolonged suffering under Sisu.

 

[Steve.B50]

I think you will find that this was supposed to have been said at a meeting between Fisher and the Premier Club, nothing o do with the Trust.

 

[Nonleagueherewecome]

I think you will find that this was supposed to have been said at a meeting between Fisher and the Premier Club, nothing o do with the Trust.

Ah could be, the bloke telling me was just signing up people for the Trust, he didn't say that the event where he met Fisher was a Trust one. Doesn't really matter tbh, I just wanted to know a bit more about it! Doesn't matter where he said it, it seems that he did...

 

[stupot07]

Perhaps they know they have the golden share?

 

[bigfatronssba]

According to Tim Fisher the 'Club' isn't in administration anyway, so what is there to exit?

 

[dongonzalos]

Weird feeling if they did.

We are screwed as the council and Huggs won't do business with them.

Only thing I can think is they think they can do that. Then say to Haskell the club is for sake we are selling it here is the price.

I wonder if the administrator could say your actions are not in the best interests.

It is not a case of just you paying up your debts if someone else wants to I think that is better for the creditors (unlikely)

 

[Nonleagueherewecome]

But aren't SISU's debts mainly to SISU? :thinking about:

 

[RoboCCFC90]

I can't see this being true as much as I would like it to be..

 

[Regis87]

So they are paying their debts , coming out of administration and then moving to another stadium within a 30 mile radius !

 

[bigfatronssba]

So they are paying their debts , coming out of administration and then moving to another stadium within a 30 mile radius !

Maybe Seppalla won euromillions?

 

[Nonleagueherewecome]

So they are paying their debts , coming out of administration and then moving to another stadium within a 30 mile radius !

Sounds like it! "Play Up Irthlingborough FC!"

Hang on that's probably more than 30 miles, isn't it?

"Play Up Hinckley Rovers!"

 

[kingharvest]

It was at the SCG meeting on Tuesday, the guy you spoke to must have been the trust representative at the meeting as Jan couldn't make it.

I've written a report, just waiting to get it agreed by the rest of the group.

 

[Bluegloucester]

It was at the SCG meeting on Tuesday, the guy you spoke to must have been the trust representative at the meeting as Jan couldn't make it.

I've written a report, just waiting to get it agreed by the rest of the group.

It was Jason Scope, a club employee.

 

[kingharvest]

You mean Tynan scope? And what was? Tynan wasn't at the meeting

 

[Bluegloucester]

You mean Tynan scope? And what was?

Sorry Tynan, he made the statement to the Premier Club re exiting administration.

 

[Nonleagueherewecome]

OK so it was to the Premier Club, and I assume there was a SBT presence, which is how we'll get that statement later. Looking forwards to it, would love to know what was actually said seeing as it's the first statement of intent by SISU since the appeal was withdrawn.

 

[kingharvest]

Sorry Tynan, he made the statement to the Premier Club re exiting administration.

Ah I see, in that case it was said at the SCG meeting and premier club.

 

[Nonleagueherewecome]

Ah I see, in that case it was said at the SCG meeting and premier club.

So clearly it was said! This is pretty massive news, no?

 

[Bluegloucester]

Can't see it being true, administrator has to complete his report and then consider all offers.

 

[thegameaintstraight]

Can't see it being true, administrator has to complete his report and then consider all offers.

But SISU like him though don't they?

 

[cofastreecity]

It wouldnt add up would it? Especially coming from a man who cant lie straight in bed, and uses his dog fifi as a threat against people brandishing that foulest of weapons, a balloon.

If the money was there why not use it to hold off admin? and therefore not derail the season in one simplae action, as the 10 point penalty has led us to see the season out with a whimper.

The also worrying thought from this is that it would lead to further prolonged suffering under Sisu.

Spot on Mott, TF has led the club to the brink of extinction, as is very apparent in the Limited and Holdings accounts, once to extent of his deceit is discovered he will be exposed for all to see, who will feed Hector then?

 

[Bluegloucester]

But SISU like him though don't they?

They appointed him, so yes.

 

[The Reverend Skyblue]

If SISU are still here at the start of next season how many season tickets will they sell, very few I would have thought

They have lost the fans, forever now, the ground owners won't help them nor the council in any way. Nobody will believe a word Timmy/SISU says in the future
How have they a future even if they pay up the debts
They are finished

 

[Nonleagueherewecome]

Would believe more from Timmy Mallet.

 

[Florence1898]

If SISU are still here at the start of next season how many season tickets will they sell, very few I would have thought

They have lost the fans, forever now, the ground owners won't help them nor the council in any way. Nobody will believe a word Timmy/SISU says in the future
How have they a future even if they pay up the debts
They are finished

Mr F is finished, more hot air than the balloon that attacked him, he is not beyond the law, sadly at great expense to our beloved City

 

[cloughie]

Tim Rodney Trotter Fisher told me face to face only a 3 weeks ago that we owe no external debts other than to sisu and ACL

So technically could pay themselves the debt back .............on paper due to management fees , that are not being paid and the interest on that debt that sisu charge

that is how it has accumulated

HE SAID YES
And Rodney admitted this to me in front of 2 others that is how it has accumillated

 

[dongonzalos]

Tim Rodney Trotter Fisher told me face to face only a 3 weeks ago that we owe no external debts other than to sisu and ACL

So technically could pay themselves the debt back .............on paper due to management fees , that are not being paid and the interest on that debt that sisu charge

that is how it has accumulated

HE SAID YES
And Rodney admitted this to me in front of 2 others that is how it has accumillated

The debt to ACL?

 

[cloughie]

The debt to ACL?

That is owed by CCFC ltd so yes but it shows that even he knows obviously that holdings are 1 and the same

 

[@richh87]

This is my worst fear; SISU getting themselves out of this mess and continuing their disastrous tenure.

 

[Big_Ben]

Removed as I see that someone else described the same thing on another thread

 

[chiefdave]

how does admin work in that scenario? if you pay off all the debt do you automatically come out of admin and have SISU retaining control or does the whole admin process still have to be worked through?

 

[Colin1883]

I don't think there's owt to this thread...

But if they do pay the debt...

Would this be 'aquired' debt in the future when history repeats itself?

 

[Baginton]

Somebody from the Sky Blues Trust told me today that he'd met with Tim Fisher earlier in the week and Fisher had claimed that they were "Going to pay our debts and exit administration shortly".

Can anyone else shed any light on the assertion? The Trust member himself seemed a bit sceptical, but he was just passing on what he'd been told as I was joining up and as it was 10 minutes before kick off I didn't really have time to question him further.

"Our" and "debts" are both terms that would require extensive explanation and definition given our present circumstances...

HAHAHAHAHAHAHAHA who is going to pay SISU their £60m debenture??

 

[Sba180]

But aren't SISU's debts mainly to SISU? :thinking about:

Yes. And surely this is just this side of criminal? Could the courts see through this?