It's confirmed 10 points (1 Viewer)

Forums New posts
ccfcway

ccfcway

Well-Known Member
procdoc said:
so what is the next stage in this process? Are other parties now able to make a move towards owning the club or do SISU still have a say in that?
Click to expand...
<br />
<br />

Pompy haven't ha anything deducted yet. As punishment they were given David Connolly on a free.
 
W

WFC

New Member
Let's hope that's the end of it but you need to come through the admin first to be sure, there is still the report back to the court yet, if something is exposed in that the could be more but hopefully not. The one plus on your side is if it is as bad as it possibly could be the FL will be as eager as anyone to cover it up.
 
S

SkyBlueHomer

New Member
skyblue4ever said:
Have pompey actually had their diduction yet?
Click to expand...

As I understand it no they haven't. For some reason they will get theirs deducted when they exit admin.

10 points now not a bad result for us & leaves us 12 clear of Scunthorpe who have 7 to play. We can see this season out and try to sort ourselves out for next yr. Surely 12 points clear is enough even for us
 
ajsccfc

ajsccfc

Well-Known Member
'Jubilant scenes at the Ricoh as the team cement their qualification for next year's Johnstone's Paint Trophy'
 
S

SonofErnie

Well-Known Member
I think PH4 is a smokescreen for the true investors. It will be interesting to see what the CCFCH statement says regarding the deduction. I doubt they will concede at this stage that the whole of CCFC is in admin, in fact we will probably need to wait for the 6 weeks fact finding before that happens.
 
B

Brighton Sky Blue

Well-Known Member
SkyBlueHomer said:
As I understand it no they haven't. For some reason they will get theirs deducted when they exit admin.

10 points now not a bad result for us & leaves us 12 clear of Scunthorpe who have 7 to play. We can see this season out and try to sort ourselves out for next yr. Surely 12 points clear is enough even for us
Click to expand...

It's probable that we'll lose all of our remaining home games so wouldn't say we're 100% safe just yet.
 
R

RoboCCFC90

Well-Known Member
We are not yet safe from relegation..
 
P

procdoc

Well-Known Member
say if this runs past the close of this season, will admin mean that all saleable assets such as players (I know we don't have many worth much) and the training ground will be sold of to the first bidder on the cheap to recover some of the debt?
 
G

Godiva

Well-Known Member
Grendel said:
Very unlikely. Ultimately it's smoke and mirrors. The club is in administration and the administrators run the club. Sisu have effectively gone.
Click to expand...

I wouldn't count on it.
 
B

Brighton Sky Blue

Well-Known Member
SkyBlueHomer said:
and win our last game to stay up after the game delayed 15 minutes due to 'traffic' problems giving the mackems more to shout about :p
Click to expand...

Really enjoying the high life. Many thanks to Tim Fisher and his staff for making our dream of third tier crap a reality.
 
R

RoboCCFC90

Well-Known Member
ajsccfc said:
It'd need some freakish reversal of form for us to be caught by the threatened teams now, even if we were to lose our remaining games.
Click to expand...

This is true, at least we have something to play for!
 
Mr T - Sukka!

Mr T - Sukka!

Active Member
Leauge one tour remember. They sold T-Shirts on this like we would only be down for a while. :mad:

They didnt tell us how many YEARS this would last. :facepalm:
 
C

Covstar

Well-Known Member
As far as my knowledge goes, prospective buyers could only purchase the CCFC Ltd company as they are in admin while Sisu themselves control the players and staff. Surely Sisu will play hardball to sell on the CCFC Holdings company to anyone interested in buying the club. I believe Sisu have done this on purpose to still somehow retain control of the club and there could be complications regarding the ownership of Coventry city. Unless I've mistaken, that's the situation we find ourselves in right now which is still pretty confusing.
 
chiefdave

chiefdave

Well-Known Member
the -10 is immediate and is for going into administration (Pompey had that last season), from here on in we can get another hit for any financial irregularities that get found and / or if we exit administration without a CVA.

The exit without a CVA can only be applied at the point you officially come out of admin which is why Pompey haven't had it yet. They are getting -10 but I don't think that's set in stone like the -10 for going into admin, the FL decides how much that is. Our biggest issue now is that, if we assume SISU are on the way out, they don't go quietly and refuse to agree a CVA, that will see us lose more points next season.
 
P

paulcalf

Member
I wouldn't assume SISU are on their way out, they will be trying to salvage what they can.

I bet the have transferred the 'Golden' share to Coventry City Football Club (Holdings Ltd), in the hope they can keep ownership of the Club. Putting CCFC Ltd into admin is mainly about being able to walk away from the money they owe ACL. If they transferred the Golden share to (Holdings) it may mean the team face more points being docked, but SISU would still own the club and could do with it what they please. I hope i a wrong though!

chiefdave said:
the -10 is immediate and is for going into administration (Pompey had that last season), from here on in we can get another hit for any financial irregularities that get found and / or if we exit administration without a CVA.

The exit without a CVA can only be applied at the point you officially come out of admin which is why Pompey haven't had it yet. They are getting -10 but I don't think that's set in stone like the -10 for going into admin, the FL decides how much that is. Our biggest issue now is that, if we assume SISU are on the way out, they don't go quietly and refuse to agree a CVA, that will see us lose more points next season.
Click to expand...
 
M

MARKEY

New Member
Diehard Si said:
The Football League can confirm that Coventry City Football Club have been deducted*10 points, in accordance with its rules and regulations.This Sporting Sanction has been implemented with immediate effect. Coventry City have*seven days in which to appeal.The League has now begun discussions with the administrator aimed at achieving a sustainable future for the club within The Football League.
Click to expand...

Big kick in the teeth all the hard work down the pan time to re-group.
 
B

Brighton Sky Blue

Well-Known Member
paulcalf said:
I wouldn't assume SISU are on their way out, they will be trying to salvage what they can.

I bet the have transferred the 'Golden' share to Coventry City Football Club (Holdings Ltd), in the hope they can keep ownership of the Club. Putting CCFC Ltd into admin is mainly about being able to walk away from the money they owe ACL. If they transferred the Golden share to (Holdings) it may mean the team face more points being docked, but SISU would still own the club and could do with it what they please. I hope i a wrong though!
Click to expand...

The thing is that surely this has to be given explicit permission by the League-if it hasn't then we're liable to further sanctions.
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Top