Newco Coventry (1 Viewer)

A good point but untill the first ball is kicked in Norhampton we must always have hope.
Although I wish Coventry United all the best it seems it was rushed through so they could get into a league.

for the next few weeks lets try stick together and do anthing we can to convince the new owners and ACL to communicate?

If ltd gets liquidated the FL will just give the GS to Otium as ltd has no players and the FL won't want to have fixtures unfulfilled. They don't care as long as games are played

By not following the football club as all true city fans are choosing will watch the club drop through the leagues any way as their will be no revenue streams for Timmy. It will only be a matter of time before the club goes out of business through lack of income or ACL putting it into liquidation which is my preferred route. This has and never will be about football, this is about a land grab by a faceless investment fund, its just convenient for them to use the club as a lever. A viable alternative needs to be in the wings for when the inevitable happens, our history will always be their in the same way Rangers newco are still Rangers. ACL must reject the CVA, we must support them in this and start again, liquidation is the only way to wipe the smug grins off of Joy and Tims faces. No one wins but SISU definitely loose, with the councils support we can start again with the Ricoh as a base building a sustainable club with a large fan base. This surely has to be a better option than continuing to watch a club without a home suffering a slow lingering death, a new ground will never work as the club will be strapped with all the debt. Time to get back to our singers routes lets adopt green and black as our home kit and skyblue as the away. The football league have been duped by Fisher and SISU so F**K them all and give them exactly what they don't want. LIQUIDATE! SINGERS TILL I DIE

Holdings will claim to be the legal continuation of the club which is what entitled Rangers newco to the right to play in the SFL and retain the club's honours and UEFA coefficients and so on.

what would actually get liquidated tho? it's ltd in admin, according to Fisher holdings have the contracts and a claim for the GS so what difference does it make it they liquidate ltd (other than a possible further points penalty).

chiefdave said:

what would actually get liquidated tho? it's ltd in admin, according to Fisher holdings have the contracts and a claim for the GS so what difference does it make it they liquidate ltd (other than a possible further points penalty).

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If Holdings hold all the contracts and the right to play in the League then I don't understand why Fisher is talking about administration holding us back from doing everything a football club needs to function. If Limited contains nothing of value then what point does it serve?

I believe for this scenario to come about both holdings and Limited would have to be liquidated. As has already been said, if ltd only is liquidate the league will surely just award the golden share to holdings in order to complete the fixtures for this season. Its too late in the day to do anything else.

But lets say for arguments sake that the entire club and all its subsidiaries were liquidated leaving a hole in the league structure. I do not believe that the FL would allow a newco Coventry to simply fill the space as the Scottish league did with Rangers because we are simply not important enough. Scottish football needs Rangers, it needs a minimum of 2 big clubs fighting it out in the SPL to keep interest and revenue flowing in to their league structure. It needs that old firm rivalry. They also have a closed league system so there was no easy way of bringing one of the non-league clubs in to the third division to plug the hole.

In England its a very different picture. Coventry are not a sleeping giant anymore, that time has passed. If we went bust the league would simply shuffle an extra club up from league two (or have one less relegation place possibly) and so on down the leagues. Plenty of Conference clubs who could make it in league 2 now. In some ways we are just a headache for the league. Being put out of business altogether might suit them. Any rebirth of a new Coventry City would have to be from non-league. If we had decent financial backing and a license to play at the Ricoh we might get lucky and grab a place in one of the higher echelons of non-league rather than having to start from the very bottom but that would be the best we could hope for.

I can't see us staying up this season even if we don't get a 15pts penalty..

I can seriously see us playing conference football in 2 years unless SISU sell up.

Steve.B50 said:

A good point but untill the first ball is kicked in Norhampton we must always have hope.
Although I wish Coventry United all the best it seems it was rushed through so they could get into a league.

for the next few weeks lets try stick together and do anthing we can to convince the new owners and ACL to communicate?

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This is nothing to do with Coventry United. They are a separate team and will never be CCFC. Think what the OP is talking about is if CCFC liquidated starting a newco backed by someone else.

If the CVA is not agreed by ACL, the administrator has to look for another buyer or liquidate the club as he has already stated. SISU and Fisher has also stated liquidation is a real possibility as they as is their right will block any other person from buying the club by not agreeing a CVA. So give them what they want, it is the only way SISU will leave. Yes their will be short term pain but in my opinion its worth it, SISU will not sell as its their leverage in the ownership battle for the Ricoh and will do it through spite. What use is a club with no ground and no fans, they will not fund it. If we start again we will have no room in the city for what would then be a second club.

Hello Chaps,

Rangers fan here and I wish you all the best in the coming months and empathise greatly with your predicament, as Coventry City are one of games long established club's in the game I wish you nothing but good luck in the coming months.

I think it is worth mentioning a few things though about the newco route should Coventry end up going that way as happened to my club.

Rangers FC were formed in 1872 and the company that run the club wasn't established until 1899. The club itself was not liquidated and remains to this day. The company that ran and operated the club 'The Rangers Football Club plc' was consigned to liquidation - something that has still to happen owing to the liquidators investigating the circumstances of events that lead the company to going into admin and then being consigned for liquidation. A criminal investigation is also taking place.

Regardless, the football club and it's assets were purchased out of administration and the club continued with all its history and honours under a new operator - thus a newco - albeit being demoted to the lowest tier of the professional game after a shambolic episode of point scoring and bitterness from other clubs who wished to kick the club when it was at its lowest ebb. The SFA, SPL, ECA, UEFA and eminent Law Lords in Scottish courts all recognise Rangers FC as the same club formed in 1872 because the club continues, it's league share was transferred to the new operator to run the club and it's history is unbroken as a result. A club like any other organisation can be bought or sold and continue regardless of its operator.

When HMRC blocked our CVA they said "the liquidation route does not prejudice the proposed sale of the club. This sale [of Rangers FC] can take place either through a CVA or a liquidation."

The EEC said "The organisation considers the club’s history to be continuous regardless of the change of company"

The SFA said 'Newco are "the new owners of the Rangers Football Club"

Is there any reason why this would not happen to Coventry City ? I don't see why not ?

A link on one of our forums may help you understand better if you wish to read up on it and what it may hold for your own club.

http://forum.followfollow.com/showthread.php?t=932306



Once again good luck and all the best going forward. All the best to Coventry City and its loyal supporters.