rob9872
Well-Known Member
This isn't the end. This isn't even the beginning of the end. However, it is the end of the beginning!
This isn't the end, but it's the beginning of the end.
so other than not actually having a club the worse case scenario is relegation to league 2 and starting the league 2 campaign on a points deduction? Lots to look forward to then!
As I understand it they're merely discussing court costs.
ACL have asked to withdraw their administration application re CCFC Ltd, because SISU have already put CCFC Ltd into administration themselves.
The key news from my point of view is that the FA and FL Golden Shares are still held by CCFC Ltd, while the players' contracts have been moved (allegedly illegally) to CCFC (HOLDINGS). 'Fit and proper persons'??
I don't think this court has any jurisdiction regarding anything other than the original administration application.
This isn't the end, but it's the beginning of the end.
IF the golden share is with CCFC Ltd then that admin company could be purchased from administrators by anyone thus having 'hold' over the football club surely? What control over this do SISU have by placing it in admin themselves and avoiding ACL from appointing their administrators?
ARVO/SISU's power is they can stop CCFC coming out of admin with a CVA (necessary to avoid further penalty points)
What would be the point of that?
Does anyone think sisu are trying to screw the club up. Realised its a lost cause and now getting some payback for the hate over the years by doing things the wrong way to see the club get punished and possibly relegated???
#A minority hate them.
Most people just go with the flow.
Fisher has inflicted enough humiliation on this club for a lifetime. He should walk regardless of the outcome.
He should have walked when Auntie Joy bitch-slapped him all around Mayfair when he agreed the deal with ACL; only to have to climb down and renege, which gave rise to this whole pantomime. He won't though. He wants another train-set to play with after this one's crashed, so needs to tow the party line
#
are you sure its a minority ?
Does anyone think sisu are trying to screw the club up. Realised its a lost cause and now getting some payback for the hate over the years by doing things the wrong way to see the club get punished and possibly relegated???
As I understand it they're merely discussing court costs.
ACL have asked to withdraw their administration application re CCFC Ltd, because SISU have already put CCFC Ltd into administration themselves.
The key news from my point of view is that the FA and FL Golden Shares are still held by CCFC Ltd, while the players' contracts have been moved (allegedly illegally) to CCFC (HOLDINGS). 'Fit and proper persons'??
I don't think this court has any jurisdiction regarding anything other than the original administration application.
This isn't the end, but it's the beginning of the end.
"As long as its the beginning of the end for SISU. Coventry City are not going to come out of this very well at all and no-one outside of Cov and Warks will really care. I can see a scenario where points deductions now and next season will mean a further 2 years at least in League One but I'd take that to be rid of these vermin if it meant new ownership from the rumoured awaiting investors. Make no mistake if SISU remain in charge it will be perpetual failure and eventual liquidation for the club. "
What makes you think investors will want us with a points penalty next year ? I wish I had your confidence ASHDOWN1
They will make profit if they can agree a good deal with ACL
Will make a profit is a bit hopeful.They will make profit if they can agree a good deal with ACL
"As long as its the beginning of the end for SISU. Coventry City are not going to come out of this very well at all and no-one outside of Cov and Warks will really care. I can see a scenario where points deductions now and next season will mean a further 2 years at least in League One but I'd take that to be rid of these vermin if it meant new ownership from the rumoured awaiting investors. Make no mistake if SISU remain in charge it will be perpetual failure and eventual liquidation for the club. "
What makes you think investors will want us with a points penalty next year ? I wish I had your confidence ASHDOWN1
And bomb out the high earners.................they are the root cause of our real losses !
Any prospective buyer who buys both 50% shares in ACL will have a 43? year lease on the arena, which IIRC the council have mentioned possibly extending to 100 years...perfectly normal and buyer has a nice asset ie the leasehold.Problem is that I see ACL and Higgs selling their shares etc but the Council I just do nt think they ll sell their interest for a realistic price.They want to screw the football club / arena for every possible penny and thats what the prospective buyers will have a problem with.Buying a League 1 club with a points reduction next season makes little sense unless you get everything with it. I hope you re right.
Nothing coming out the courtroom in last 40ninutes? What's that les Reid saying on twitter? Or has everyone been shocked to silence?
its all gone very quite in the courtroom. You reckon the judge is bashing their heads together?
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?