James Smith
Well-Known Member
If you're right and they did make a lowball offer for the Freehold of the Ricoh then that sort of sums up their approach to the club, the fans etc. Lowball.
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If you're right and they did make a lowball offer for the Freehold of the Ricoh then that sort of sums up their approach to the club, the fans etc. Lowball.so if it doesnt matter which side should give in then by your logic SISU could just as easily give in accept a new rent deal and we have the problem solved. The key therefore is not just in selling the stadium to SISU is it
What the hell is Sisu Sky Blue or Council Sky Blue or even ACL Sky Blue ? they dont exist
The talks well my take on it is
- They are there for SISU to pressure ACL in to signing the CVA and to force a sale of the whole site
- ACL are trying to pressure SISU back to the Ricoh by a rental deal
- Seppala is I would guess not interested in a rent deal she will be demanding the CVA signed and ownership of the Ricoh site at a knock down price. Would guess less than £10m
- Would think that if she doesnt get it now she will be throwing legals at ACL and its stakeholders over and over again in a determined effort to distress all the parties until they run out of money because of fighting spurious legal cases
- Were she to get the site she would flip the site to a new owner, make a big profit that would be tax free because of the capital losses now sitting in the group and then withdraw the proceeds to pay off their loans. To get the losses means that CCFC will not own the Ricoh and because the loans are paid off the team wont ever see the proceeds
some sepalla legacy huh
all just an opinion though
If you're right and they did make a lowball offer for the Freehold of the Ricoh then that sort of sums up their approach to the club, the fans etc. Lowball.so if it doesnt matter which side should give in then by your logic SISU could just as easily give in accept a new rent deal and we have the problem solved. The key therefore is not just in selling the stadium to SISU is it
What the hell is Sisu Sky Blue or Council Sky Blue or even ACL Sky Blue ? they dont exist
The talks well my take on it is
- They are there for SISU to pressure ACL in to signing the CVA and to force a sale of the whole site
- ACL are trying to pressure SISU back to the Ricoh by a rental deal
- Seppala is I would guess not interested in a rent deal she will be demanding the CVA signed and ownership of the Ricoh site at a knock down price. Would guess less than £10m
- Would think that if she doesnt get it now she will be throwing legals at ACL and its stakeholders over and over again in a determined effort to distress all the parties until they run out of money because of fighting spurious legal cases
- Were she to get the site she would flip the site to a new owner, make a big profit that would be tax free because of the capital losses now sitting in the group and then withdraw the proceeds to pay off their loans. To get the losses means that CCFC will not own the Ricoh and because the loans are paid off the team wont ever see the proceeds
some sepalla legacy huh
all just an opinion though
so if it doesnt matter which side should give in then by your logic SISU could just as easily give in accept a new rent deal and we have the problem solved. The key therefore is not just in selling the stadium to SISU is it
What the hell is Sisu Sky Blue or Council Sky Blue or even ACL Sky Blue ? they dont exist
The talks well my take on it is
- They are there for SISU to pressure ACL in to signing the CVA and to force a sale of the whole site
- ACL are trying to pressure SISU back to the Ricoh by a rental deal
- Seppala is I would guess not interested in a rent deal she will be demanding the CVA signed and ownership of the Ricoh site at a knock down price. Would guess less than £10m
- Would think that if she doesnt get it now she will be throwing legals at ACL and its stakeholders over and over again in a determined effort to distress all the parties until they run out of money because of fighting spurious legal cases
- Were she to get the site she would flip the site to a new owner, make a big profit that would be tax free because of the capital losses now sitting in the group and then withdraw the proceeds to pay off their loans. To get the losses means that CCFC will not own the Ricoh and because the loans are paid off the team wont ever see the proceeds
some sepalla legacy huh
all just an opinion though
If the CVA is signed or not Sisu city will be playing at suxfields !!!
ccfc ltd will still be liquidated if the CVA is signed so that Sisu can dump the lease agreement.
If we get a 15point deduction it doesn't matter we will be relegated this season anyway !!!
He doesn't its just something he has made up to justify the loss of 15 points and rejecting the CVA to make him feel better!!!!!!!!!!!How!!!!!!!!!!!!!Do!!!!!!!!!!!You!!!!!!!!!!!!Know!!!!!!!!!!!!!!!!This!!!!!!!!!!!!!!!!!!For!!!!!!!!!!!!!!Certain!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Admittedly I know little about how liquidation works. We had a company just slam it's doors out of the blue locally at the weekend, I assume is now liquidated or going to be, what is the difference between doing that and what an administrator can do ? and could sisu do the same >There have been many questions on here about the process of liquidation and who takes on the investigation. From my experience, assuming that CCFC Ltd is wound up through a court order, (Compulsory Liquidation) then the Official Receiver (or his appointee) is responsible for the liquidation process. One of his prime duties is to investigate and report upon the reasons for the companies failure and I think it would be this independent forensic examination that Sisu will want to avoid.
Compulsory Liquidation can be requested by ANY creditor owed more than £750 so it would appear that the liquidation process could be forced by ACL if they so desire.
There is a lot more about here if you have the time and energy to read it: http://www.companieshouse.gov.uk/about/gbhtml/gpo8.shtml#ch4
now tell me the council are not out to screw our club up! go on.
the fact is there for you to see now, the council had the future of the club in their hands, they could quite simply have agreed the cva and we would have been playing in the Ricoh.
wouldnt we?
guys smell the coffee, listen to Mark Robins he tried to help us by letting us all in on a little secret: the council are the problem. they declared war on sisu and in so many words said - oi - get out of town, the council have since done everything in their power to wreck the club.
the cva may not be agreed - but we will still be in the ricoh soon, the council will have to sell up when central government start asking how the council are make the morgue a profit running entity
The council are not trying to screw our club up. The council are trying to ensure ratepayers money isn't flushed down the bog by letting bandits get away with corporate murder. If you think signing the CVA would have led to playing at the Ricoh, why HAVEN'T ACL signed? Surely its the in the best interests of ACL and CCFC?
No, you're off your head mate if you expect us to be playing at the Ricoh just because the CVA gets signed. There's too much going on for it to be that simple and its the fault of BOTH the council and SISU.
As for Robins, were any of his dealings with the council or just what uncle Tim and auntie Joy told hi? Get real, my daughter is having some probs with her husband at the moment, but do you think I believe everything she says? Oh and don't think cer-ching, I'll tell her to get a sane family solicitor if it comes to that.
Latest from Les Reid: "BREAKING: Sources re-iterating to me #CCFC administrator will INSIST on CVA today to exit admin, or liquidation. No adjournment"
Got 2 questions. Not aimed at one side or another
If there is evidence of fraud, illegality, directors negligence, misrepresentation, etc are there reports with supporting evidence made to the SFO, Police, HMRC, Other government depts?
Why do we have to await the outcome of a CVA and appointment of a liquidator or the judicial review results?
Wouldnt expect either ACL or SISU to answer those questions as it would prejudice investigations and possibly breach money laundering / proceeds of crime regulations btw
But surely serious wrong doing doesnt require a liquidator/administrator to investigate
Got 2 questions. Not aimed at one side or another
If there is evidence of fraud, illegality, directors negligence, misrepresentation, etc are there reports with supporting evidence made to the SFO, Police, HMRC, Other government depts?
Why do we have to await the outcome of a CVA and appointment of a liquidator or the judicial review results?
Wouldnt expect either ACL or SISU to answer those questions as it would prejudice investigations and possibly breach money laundering / proceeds of crime regulations btw
But surely serious wrong doing doesnt require a liquidator/administrator to investigate
Got 2 questions. Not aimed at one side or another
If there is evidence of fraud, illegality, directors negligence, misrepresentation, etc are there reports with supporting evidence made to the SFO, Police, HMRC, Other government depts?
Why do we have to await the outcome of a CVA and appointment of a liquidator or the judicial review results?
Wouldnt expect either ACL or SISU to answer those questions as it would prejudice investigations and possibly breach money laundering / proceeds of crime regulations btw
But surely serious wrong doing doesnt require a liquidator/administrator to investigate
Admittedly I know little about how liquidation works. We had a company just slam it's doors out of the blue locally at the weekend, I assume is now liquidated or going to be, what is the difference between doing that and what an administrator can do ? and could sisu do the same >
It will do unless there is some evidence already available in the public domain, how else will it come out?Got 2 questions. Not aimed at one side or another
If there is evidence of fraud, illegality, directors negligence, misrepresentation, etc are there reports with supporting evidence made to the SFO, Police, HMRC, Other government depts? The liquidator reports to the court, any evidence of wrongdoing would then be handles by due process.
Why do we have to await the outcome of a CVA and appointment of a liquidator or the judicial review results? Can you see Sisu or anyone else volunteering proof of any wrong doing? It will have to be forced out.
Wouldnt expect either ACL or SISU to answer those questions as it would prejudice investigations and possibly breach money laundering / proceeds of crime regulations btw
But surely serious wrong doing doesnt require a liquidator/administrator to investigate
But surely serious wrong doing doesnt require a liquidator/administrator to investigate
Yep -15 points
No chance of returning to the Ricoh
Prolong admin and embargo meaning no new signings
SISU will likely still be in charge
Feckin brilliant
Like Deleted member 5849 has already pointed out, the not signing the CVA for the purpose of an 'investigation' is a complete red herring.....
Like Deleted member 5849 has already pointed out, the not signing the CVA for the purpose of an 'investigation' is a complete red herring.....
Like I said yesterday, it didn't do Craig Whyte much harm
If you're liquidated won't you have to start at the bottom of the pyramid like Rangers?
At the minute they are talking about liquidating CCFC Ltd, not CCFC Holdings or any of the other companies associated with the club. It appears from what we are hearing that the company called CCFC Ltd will disappear whatever the decision about the CVA - but that does not necessarily mean the football club will cease to exist...
So that would mean the lease that ACL hold with Ltd to play at the Ricoh would be null and void, or rather will be null and void no matter if the CVA is agreed or not? So ACL are basically shafted whatever they do and therefore may as well accept the CVA as it means they will get over 500k whereas if they don't they get a pittance? Unless of course Joy/Ann are able to negotiate a new lease on better terms for Sisu.
I have no idea what the situation is for ACL, but say, for argument's sake, ACL are thinking of taking legal action against Sisu/Otium regarding the lease (which had 42-odd years to run at £1.2m a year): Could that potentially be worth more to them than the CVA if they win and could accepting the CVA kill such an action before it starts?
I don't know if it is a feasible scenario in reality - I am just throwing out an example of the kind of deliberations that might be facing ACL.
Is that the same Craig Whyte who has been deemed not fit and proper to own a football club?
http://www.bbc.co.uk/sport/0/football/17302801
The one who the courts have found personally liable for £17.7m:
http://www.scotsman.com/news/scotla...bing-craig-whyte-s-rangers-takeover-1-2984378
Imagine the ramifications if something like that happened to our shadow director, Joy Seppala.
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