Official - we are in administration already (5 Viewers)
- Thread starter Baginton
- Start date
italiahorse
Well-Known Member
He also says that we have already gone past the last Thursday in March so the points are next season.
This Thursday is still in March
Great administrator he is !!!!
This Thursday is still in March
Great administrator he is !!!!
Sky Blue Kid
Well-Known Member
mattylad
Member
If SISU no longer wish to fund the club and ARVO refuse to play ball on a take over then ACL may well have helped create the perfect storm that will see the club liquidated but I hope I am wrong.
There will be lots of interest some genuine and some publicity seeking but whether anyone can offer enough to encourage SISU to sell the club we shall see.
My money is on them still trying to hang on and us being in a Portsmouth situation next year im very sad to say.
They are like a poker player who has done all bar the last few chips but refuses to leave the table just in case they can win them all back.
There will be lots of interest some genuine and some publicity seeking but whether anyone can offer enough to encourage SISU to sell the club we shall see.
My money is on them still trying to hang on and us being in a Portsmouth situation next year im very sad to say.
They are like a poker player who has done all bar the last few chips but refuses to leave the table just in case they can win them all back.
Gray
Well-Known Member
court case still goes ahead according to a reporter from the telegraph
http://www.coventrytelegraph.net/ne...oventry-city-go-to-high-court-92746-33058077/
http://www.coventrytelegraph.net/ne...oventry-city-go-to-high-court-92746-33058077/
oldskyblue58
CCFC Finance Director
Dont forget mattylad ARVO is very closely associated with SISU ........ it is a tool to secure the SISU aims so in reality is closely involved at CCFC. In that case it shouldnt be viewed as a normal 3rd party creditor having to be notified, it was in the scheme in the first place
mattylad
Member
That contradicts what BG said live on the radio at 8.15 so I guess its not up to date or it could be ACL will need to send its lawyers in to just confirm it is withdrawing its request although I don't believe that is required.
Baginton
New Member
teams generally spend 3 or 4 years down in the Blue Square before scrapping their way back up, only 2 promotion spaces so its really hard, it takes a while to get used to the type of football played down there, there are several big ex league clubs having a nightmare time, Luton, Wrexham, Grimsby etc
Diehard Si
New Member
If the football league may get a say on who gets control back. Maybe we should show them.
Those that can, get up the Ricoh while the cameras are there demanding SISU out? Let the world see what the fans think.
Now is the bloody time. I can't go myself but I'm sure a few can. Get a good organiser for it and off you go..
Those that can, get up the Ricoh while the cameras are there demanding SISU out? Let the world see what the fans think.
Now is the bloody time. I can't go myself but I'm sure a few can. Get a good organiser for it and off you go..
Brighton Sky Blue
Well-Known Member
The debenture is water tight though and was filed some time ago, likely planning just for a scenario like this. As Fishy said at the time, 'It is merely one SISU business looking after the interests of another SISU business'.
italiahorse
Well-Known Member
The world are not bothered.
If you are a Vile or Incester fan a lot will be happy at the situation.
30 fans down the Ricoh will be a pointless exercise.
An empty alternative stadium is the way forward should it arise.
This mess is the ultimate soap opera
warwickcccfc
New Member
Sorry, Baginton, when I wrote 'He', I was referring to administrator appointed by SISU...not Guilfoyle.
Tad
Member
I know many will be sad with the points deduction as it rules out the playoffs, but just think about it for a moment. Are we really ready as a club to go back up? We've got a revolving door of managers and we're owned by a shady company who are constantly trying to pull the wool over people's eyes.
We need to sort through this mess and get the club structured correctly with a good philosophy before we do anything else I feel.
We need to sort through this mess and get the club structured correctly with a good philosophy before we do anything else I feel.
Diehard Si
New Member
It would give the cameras something to focus on, better than filming the building just sitting there.
warwickcccfc
New Member
Yes, but at least he appreciates that Thursday is day when something happens...it's historical.
italiahorse
Well-Known Member
Brighton Sky Blue
Well-Known Member
I will be sad with the points deduction because it's completely self inflicted. It's not as though we've run out of money like Pompey, it's been caused purely by one party 'making a stand' to defy the other. It is so flipping unnecessary and could have been avoided long ago; that is the most frustrating aspect of the whole saga.
warwickcccfc
New Member
Delboycov
Active Member
teams generally spend 3 or 4 years down in the Blue Square before scrapping their way back up, only 2 promotion spaces so its really hard, it takes a while to get used to the type of football played down there, there are several big ex league clubs having a nightmare time, Luton, Wrexham, Grimsby etc
Exactly! Can never understand why some fans can put any positive spin on relegation as many did when we went down from the Premier and a few did at the end of last season. I think you should always play at the highest level possible even if that sometimes does mean you're out of your depth as you never know what's round the corner in football...as we're seeing now!
Tad
Member
I know, but I'd rather go up and stay up then be a yoyo team.
italiahorse
Well-Known Member
It's worse when you think about this self infliction.
Both parties wanted to be first to administration ......
Brighton Sky Blue
Well-Known Member
Baginton
New Member
I only heard Tom Cook, the BBC reporter quote that, which I thought was rather odd, maybe he meant Tuesday!!
Sky Blues
Active Member
The charge to ARVO was recorded as being filed in March 2012. When did Sisu stop paying the rent? From my memory of discussions on here I think it was March 2012. As you say, planning for scenario like this?...
mattylad
Member
Yes just trying to keep it simple for posting of info sake but agree that the structure of debt is different to that of the debt owed to ACL for example.
Baginton
New Member
you still have to proceed with the case, even if its just to confirm the new stuff and to close the original application, you can't just not have it.
bamalamafizzfazz
New Member
Originally Posted by Tad
I know, but I'd rather go up and stay up then be a yoyo team.
But the thing is we are not even a yoyo team. We have gradually got worse over the last 15-20 years through bad ownership.
Imagine we had one known owner who is accountable for Coventry City. Brian Richardson may not have had many fans but he was very much the front man. SISU have had numerous directors moved CCFC into the ownership of different companies, toyed with company assets and all done by different people because nobody is accountable.
I want these crooks out of my club and if staying in league One for a couple of years is what it takes to get one sole owner in who has the interests of the club at mind then I would happily take this to bring better days in future for Coventry City.
I think this is what Tad was saying.
I know, but I'd rather go up and stay up then be a yoyo team.
But the thing is we are not even a yoyo team. We have gradually got worse over the last 15-20 years through bad ownership.
Imagine we had one known owner who is accountable for Coventry City. Brian Richardson may not have had many fans but he was very much the front man. SISU have had numerous directors moved CCFC into the ownership of different companies, toyed with company assets and all done by different people because nobody is accountable.
I want these crooks out of my club and if staying in league One for a couple of years is what it takes to get one sole owner in who has the interests of the club at mind then I would happily take this to bring better days in future for Coventry City.
I think this is what Tad was saying.
torchomatic
Well-Known Member
If that is true then we need a buyer that is best for Coventry City not for SISU or ACL. It's about time the Club came first without these two entities squabling over us.
Brighton Sky Blue
Well-Known Member
They wanted this to happen all along and use ACL as the fall guys to achieve it without a reputational blow.
mattylad
Member
I can come to no other logical conclussion but then why keep funding all season that is what befuddles me? Was it done on a hope of promotion while keeping exposure to a minimum...if so that is very very unscrupilous but were not in these peoples heads.
I guess if SISU agree to a long term funding of the club that will prove us all wrong, if they get out of their own will prove us right and if they are forced out we will never know.
hutch1972
Well-Known Member
So many experts have been speaking or been quoted over the last week but they all have different opinions as to "what that means" or "where this is" so i have a pretty open mind on it all.
If i had to take a guess, then i'd say this is to be continued for a while yet !!
If i had to take a guess, then i'd say this is to be continued for a while yet !!