CVA meeting today (1 Viewer)
- Thread starter ccfc92
- Start date
ccfc92
Well-Known Member
Hope it's not adjourned :facepalm:
Otis
Well-Known Member
Kicked off at 11 and is probably really going to all kick off around 1 p.m.
wes_cov
New Member
yeah they'll probably break for lunch find out Compass are providing the lunch but has decided not to provided the promised pies SISU wants the money from the Pies that don't even exist but won't budge until they get it....
kingharvest
New Member
was about to say that @Lesreidpolitics will probably have the news first but somethings going on with his twitter. I can't see his tweets. Has he left twitter or something?
Otis
Well-Known Member
No, I mean it's going to REALLY KICK OFF around 1. That'll be AFTER the decision has been made.
I can still see them pal. No updates as yet though
KersleyDigs
Well-Known Member
This will drag out. I would doubt any decision today
SkyBlueBlood
Member
How long can this take;
Appleton to ACL: "Do you agree to SISU raping the football club and fucking you over"
ACL: "No"
Appleton to ACL: "Do you agree to SISU raping the football club and fucking you over"
ACL: "No"
kingharvest
New Member
Weirdly, i'd somehow managed to block him so couldn't see anything. Thought he'd been quiet recently!
Les Reid @Lesreidpolitics#CCFC creditors meeting latest: All parties still in administrator Appleton's offices. Heard 15 mins ago proceedings still being held up
Seyeclops666
New Member
Are they (SISU) trying to avoid investigation by uping the offer to ACL??
grego_gee
New Member
oldskyblue58
CCFC Finance Director
What does he mean held up ?
If he means ACL are asking questions and requiring information they have not been given but are legally entitled to then is that being held up? I know that delays are not what CCFC want to do but there is a lot at stake. You would assume that PA and TF & Co are happy with contents of CVA so no delay there
Would think proceedings will be adjourned for a maximum of 14 days as is permitted under the Insolvency Act
If he means ACL are asking questions and requiring information they have not been given but are legally entitled to then is that being held up? I know that delays are not what CCFC want to do but there is a lot at stake. You would assume that PA and TF & Co are happy with contents of CVA so no delay there
Would think proceedings will be adjourned for a maximum of 14 days as is permitted under the Insolvency Act
grego_gee
New Member
SonofErnie
Well-Known Member
What impact will that have on the prospective deal to play at Northampton? My understanding is that the League have only given permission dependant on the club exiting administration.
oldskyblue58
CCFC Finance Director
I think you will find the FL Board use their "discretion" again. Sadly I believe CCFC will be playing at Sixfields for at least the start of the season
grego_gee
New Member
I don't really think that the procedure allows for acceptance with conditions.
but if it did - what condition would you see ACL trying to put on acceptance?
imp:I don't really think that the procedure allows for acceptance with conditions.
but if it did - what condition would you see ACL trying to put on acceptance?
I have no idea how any conditions can be worked into the agreement as such, but it wouldn't surprise me if they didn't at least try to use this opportunity to somehow engineer a scenario that sees the club remain at the Ricoh. I do say 'try', but like most people am guessing. My gut feeling is that they are inclined to sign it, but perhaps feel they need something to go back to the people of Coventry with that justifies that decision.
Dhinsa's_Millions
Well-Known Member
TF: Look into my eyes. Not around the eyes. Two Turkeys do not an Eagle make.
grego_gee
New Member
interesting to hear you say that OB!
So you think negotiation might start/continue into the season, and we might only be there for a few games?
is that insider info?
imp:Bit delayed pal
Dhinsa's_Millions
Well-Known Member
I think you will find the FL Board use their "discretion" again. Sadly I believe CCFC will be playing at Sixfields for at least the start of the season
Joking aside I totally agree with this. I would be shocked and very happy if we did actually start the season at the Ricoh but can only see the FL using their a la carte rules and exercising discretion.
Its a scandal but I believe the protests were a little too late. If only they had occurred 2 months ago we might have had a little more influence.
grego_gee
New Member
perhaps they are trying to negotiate revised terms for temporary use of the Ricoh prior to signing?
imp: