DazzleTommyDazzle
Well-Known Member
I don't want to dampen your enthusiasm, but I can't see any reason why such deliberations would necessitate late filing of the accounts.
getting the transfer embargos through not filing the accounts is the biggest critsism that SISU are guilty of.
My opinion is that the main cause of this has been SISU deliberating over whether or not to escalate the rent issue at year end over a number of seasons.
I Honestly think there is a good chance that now the lease has been dealt with, we might never have to see delayed accounts and transfer embargoes ever again!
imp:
It's actually more if you take into account the length of the lease that CCFC signed up for.
Yep blame all one way and Ccc are the party screwing our club!! With fans like you how can we go wrong!! Bloody hell!!Media blockout simply means neither side can use the time adjourned to use the media to influence the other party. Sorry to be a party pooper but the statement from appleton will simply confirm blackout... - if there was better news there would not be a need for one. They have adjourned because like children in a playground coventry city council can not stop or give in.
It's actually more if you take into account the length of the lease that CCFC signed up for.
Robbo 1.3 million is not owed. That what administration was all about. Coventry city council took on the big boys and well and truely got spanked!! Noe their only recourse is to make sisu wait for their signature. They can either take 25p in the pound or walk away with nothing! Good work appleton and good work sisu. I hope this bankrupts the council i really do,. They have tried to kill my club.
If you read the paperwork from the administration, it is actually less!.
(from memory)
ACL were able to claim £590,000 (last years withheld rent, less escrow account, less dirct costs paid)
CCC were able to claim only £750 (pounds, for council tax owed)
apparrently ACL have no right to claim for future rent but the offer may include some compensation offered against liability for remainder of the lease, speculated to be one years rent.
imp:
I don't want to dampen your enthusiasm, but I can't see any reason why such deliberations would necessitate late filing of the accounts.
Robbo 1.3 million is not owed. That what administration was all about. Coventry city council took on the big boys and well and truely got spanked!! Noe their only recourse is to make sisu wait for their signature. They can either take 25p in the pound or walk away with nothing! Good work appleton and good work sisu. I hope this bankrupts the council i really do,. They have tried to kill my club.
Always been your intention wonder what you'll say if the Ricoh is sold to someone else :thinking about:Robbo 1.3 million is not owed. That what administration was all about. Coventry city council took on the big boys and well and truely got spanked!! Noe their only recourse is to make sisu wait for their signature. They can either take 25p in the pound or walk away with nothing! Good work appleton and good work sisu. I hope this bankrupts the council i really do,. They have tried to kill my club.
If you read the paperwork from the administration, it is actually less!.
(from memory)
ACL were able to claim £590,000 (last years withheld rent, less escrow account, less dirct costs paid)
CCC were able to claim only £750 (pounds, for council tax owed)
apparrently ACL have no right to claim for future rent but the offer may include some compensation offered against liability for remainder of the lease, speculated to be one years rent.
imp:
Robbo 1.3 million is not owed. That what administration was all about. Coventry city council took on the big boys and well and truely got spanked!! Noe their only recourse is to make sisu wait for their signature. They can either take 25p in the pound or walk away with nothing! Good work appleton and good work sisu. I hope this bankrupts the council i really do,. They have tried to kill my club.
Robbo 1.3 million is not owed. That what administration was all about. Coventry city council took on the big boys and well and truely got spanked!! Noe their only recourse is to make sisu wait for their signature. They can either take 25p in the pound or walk away with nothing! Good work appleton and good work sisu. I hope this bankrupts the council i really do,. They have tried to kill my club.
Accounts filed give a view on the viability of the business moving forward, as well as reporting on the previous year's trading. As such, with the rent issue being such a big issue, I couldn't see the auditor signing off accounts without clarity on that isssue
I understand the whole "going concern" issue, just don't believe that SISU "deliberating" what to do about the rent would impact on it to the extent of stopping sign off of the accounts, unless SISU were explicitly discussing putting the company into administration that far back.
For what it's worth, I've always assumed that the delay was always the auditors waiting for SISU's confirmation that they'd support the relevant company for the twelve months following sign off.
Can you link to that please? I thought this wasn't in the public domain and we only knew what the telegraph had told us as they had seen it, who showed you?
I understand the whole "going concern" issue, just don't believe that SISU "deliberating" what to do about the rent would impact on it to the extent of stopping sign off of the accounts, unless SISU were explicitly discussing putting the company into administration that far back.
For what it's worth, I've always assumed that the delay was always the auditors waiting for SISU's confirmation that they'd support the relevant company for the twelve months following sign off.
Yep blame all one way and Ccc are the party screwing our club!! With fans like you how can we go wrong!! Bloody hell!!
The final proof - if needed - that your posts are either the work of someone on the troll; or originate from one of the more secure rooms within a safe, yet institutionalised environment
Mr Appleton's report of 13th May 2013, which is in the public domain, shows the ACL debt to be £636,381. There is no breakdown into it's various parts.
In fairness, if that's true and he's wearing one of those special jackets that do up from the back, he's pretty good at typing with his nose.
Can't the latter point follow on from the former? i.e. a resolution of whatever kind was necessary for confirmation of support?
AT LEAST IM NOT A SHEEP!!! AT LEAST I HAVENT LET THE COUNCIL USE OF THE COVENTRY TELEGRAPH AND MISINFORMATION BRAIN WASH ME. I HAVE BEEN AGAINST SISU MANY TIMES IN THEIR FIRST 2 OR 3 YEARS - BUT THE FACT IS THE COUNCIL ARE OUT TO KILL OUR CLUB AND HAVE YOU BELIEVING THEY ARE ON YOUR SIDE. THEY ARE LYING!!! SISU OUR THE CLUB WE NEED TO SUPPORT THEM AND OUR TEAM. WE ARE TEAM SISU. WETHER WE LIKE IT OR NOT. THE REST OF YOU ARE TEAM COVENTRY CITY COUNCIL.
< rant snipped, for brevity >
SHES NO F***ING MUG!!
No need for the retard comment palGo and play on the railway line.Retard.
so true sky blue if sisu had invested your hard earned millions on project coventry what would be the expected return % and when are you likely to receive it.
I don't doubt sisu credentials but they got this one badly wrong and it looks like the only way they will try to get their money back is by holding the club to ransom.
go and play on the railway line.retard.
No need for the retard comment pal
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?