thaiskyblue
New Member
acl, why ?
club get 225k, crooks in the caymen islands get i.5m, more like.I'm a bit shocked we only made £225k out of fox's move to Celtic. The figures banded about at the time suggested £1.5m.
Because the witholding of rent was unlawful.acl, why ?
When you have a business bank account you can nominate a few names to it for receiving cheques and payments received for the purpose of continuity and so not to avoid the obvious. So my bank account says several different ways of naming the company but remains identifiable by the common denominator ie: Paxman Ltd, Paxman, Paxman Inc, etc. What is most important is the account number which gives it the full identification.
That makes no sense at all. Why would they create a situation that is currently crippling the club. A situation they are paying a steep price to escape?
I heard him at the forums 'skirting' around as you say, but to me it sounded more like they hadn't decided if they would place the stadium in a property company or within the club (Holdings then - Otium now). In any case it would be under the SBS&L umbrella ... that's how I deciphered his ramblings.
Also
This is very likely to end in court. The admin process was clearly misinformed and flawed. It wasted bidders time and money and potentially offered creditors less than they were entitled to.
I fact it needs to go to court where it will hopefully flush out what Sisu have done and some of the goings on before Sisu.
Can't see why any fan would oppose that.
yes but some fools still back them, sisu out...............Because they have proved so far that they have no business acumen whatsoever (in running a football club) the boss was virtually branded a liar by one high court judge, and the current boss of CCFC has been confirmed as a liar.
Another high court judge said they had acted unlawfully in their dealings with ACL, they tried to persuade CCC to collude with them to force Yorkshire Bank to discount the £14m loan and the last business they ran went bust.
Oh, and they have been threatened with legal proceedings by Companies House for a failure to submit accounts for several companies, two sets of which are, at best, "a mess" but may eventually be proved to be fraudulent.
They'll be queuing up to lend millions to this bunch of crooks won't they?
how did Appleton not notice this and the FL, OH I FORGOT IT'S ACL 'S FAULT.
SISU MUST GO.
...protest at all parties and that would include the council, ACL, try nopm to the Ricoh (stop supporting anything there) Force ALL the players around the table. Stay away from concerts, casino, bloody Northampton and anyone or anything associated with these protagonist until they see the light.
Hard to see how the FL, FA will give a shit unless this goes to court and they are implicated. Maybe then a national paper may pick it up.
For now I guess we wait on Appleton's report- which no doubt will have more than an amount of covering his own backside.
This is very likely to end in court. The admin process was clearly misinformed and flawed. It wasted bidders time and money and potentially offered creditors less than they were entitled to.
I fact it needs to go to court where it will hopefully flush out what Sisu have done and some of the goings on before Sisu.
Can't see why any fan would oppose that.
So let's get this right - a reputable financial institution will advance £30m to a bunch of slippery bastards, with no obvious assets, to build a second football ground in a city with only one League team?
We'd better hope that they do because I can't see us back at the Ricoh anytime soon given all the statements. We need to see the plans Tim and you need to get the planning application in now.
The 'leaked' documents were all pre Fisher, so they only show what Fisher have said all along: That prior managements have registered players in Limited when they should have been registered in Holdings (leaving out the question of where the Golden Share is registered or should have been registered).
So no, that is NOT the smoking gun that will end Mr Fishers reign.
I think this is the fourt time it has been raised and responded to in the same thread. A new record?
do you honestly believe fisher ?that makes no sense at all. Why would they create a situation that is currently crippling the club. A situation they are paying a steep price to escape?
I heard him at the forums 'skirting' around as you say, but to me it sounded more like they hadn't decided if they would place the stadium in a property company or within the club (holdings then - otium now). In any case it would be under the sbs&l umbrella ... That's how i deciphered his ramblings.
Also bear in mind that no potential buyer would purchase the club without the stadium, and so their exit would be difficult if they don't put the two under the same hat.
Quote
“One of the reason’s given by the council for rejecting the CVA that caused the ten point loss was they wanted an investigation into where players contracts sat but, the truth is, they have known all along and have chosen to act as if it is some kind of mystery.
“The Football League, finally confirmed last week that they have been registering players in ‘Holdings’ rather than ‘Ltd’ and as we have maintained for months, this has been going on since way before SISU took over.
“That is significant because there is a myth that somehow SISU have set up this structure because they have something to hide when, in fact, it was a structure they inherited.
T. Fisher, CCFC v Preston NE programme notes, 25 August 2013
4th September 2013
Quote
Tim Fisher admits some players were registered to Coventry City Football Club Limited despite repeatedly insisting they were registered to another company, Coventry City boss Tim Fisher has today accepted some players were registered in Coventry City Football Club Limited - despite repeatedly insisting players were registered in another company. Mr Fisher told us: “In these instances, the documentation clearly shows Limited as the registering company.”
I think that could be the end of Mr Fisher,epic epic epic fail, Sisu have now lost all credibility that's what little they had before.
it's about time we found out,not notice or totally ignore ?
Quote “One of the reason’s given by the council for rejecting the CVA that caused the ten point loss was they wanted an investigation into where players contracts sat but, the truth is, they have known all along and have chosen to act as if it is some kind of mystery.
“The Football League, finally confirmed last week that they have been registering players in ‘Holdings’ rather than ‘Ltd’ and as we have maintained for months, this has been going on since way before SISU took over.
“That is significant because there is a myth that somehow SISU have set up this structure because they have something to hide when, in fact, it was a structure they inherited.
T. Fisher, CCFC v Preston NE programme notes, 25 August 2013
4th September 2013
Quote Tim Fisher admits some players were registered to Coventry City Football Club Limited despite repeatedly insisting they were registered to another company, Coventry City boss Tim Fisher has today accepted some players were registered in Coventry City Football Club Limited - despite repeatedly insisting players were registered in another company. Mr Fisher told us: “In these instances, the documentation clearly shows Limited as the registering company.”
I think that could be the end of Mr Fisher,epic epic epic fail, Sisu have now lost all credibility that's what little they had before.
it was also a structure they endorsed when they carried out the review in 2008 - see directors minutes published
Exactly OSB, they inherited a structure which they probably thought instead of fixing, play ignorant and continue to use, however Fisher has at least tried to sort this mess out, despite the belief of his motives..
If sorting the structure out to help administration had been the driving factor it could have been done without all of this grief...... in fact we would never have known most probably. Also if siorting it out was so essential they should have done years ago but didnt. In deed the whole mis registration could have been corrected very easily without all the palava that has gone on but it became a tool in a means to an end rather than an administrative error. I dont think TF deserves too much credit for sorting out a two company group structure............. by moving to a two company group structure.
leads to one conclusion really in my opinion..... the administration at the club became a tool to achieve one aim...... to break the lease. SISU have made choices in how they run the club some of which I agree with others I certainly do not, but they have created huge losses in doing so that did not have to be incurred. The club is a tool in their hands nothing more.
I have to say that in my opinion that is a very charitable interpretation of events.
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