Official: We Can't Get Our 10 Points Back!! (1 Viewer)

[Kingokings204]

Hi everyone, I guess it comes as no great surprise to many supporters but I had written confirmation this morning via e-mail that we cannot get out 10 points back that was taken off us on 2nd August. Please see below the response I received after I asked the FL 2 very important questions.


1. If a CVA is agreed before liquidation settles can Coventry get our 10 points back due to agreed CVA and prevention of liquidation?

The League issued a ten point deduction as per our insolvency policy, as the club was permitted to retain its membership of The Football League. The statement here http://www.football-league.co.uk/fo...ue-statement-on-coventry-city_2293334_3335621 clarifies that as a condition of allowing the club to retain its membership of The League, the club accepted a points deduction. Otherwise the club would have lost its membership.





2. Also are there plans in place to scrap the penalty deductions and punish owners and not fans in the future?

The Football League operates an insolvency policy, part of which includes the Sporting Sanctions Regulation. This Regulation sees clubs that suffer an insolvency event deducted points. Regulatory sanctions can, however, only take two forms – monetary penalties or points deductions. Fines are often inappropriate in these circumstances (as the affected club is often in some financial difficulty anyway). Points penalties have the added advantage of redressing the competitive balance in favour of those clubs who are able to manage their affairs more prudently. The ten-point deduction itself is not intended as a punishment but rather as an attempt to balance the competitive advantage clubs receive by ridding themselves of debt.


This comes as bitterly disappointing news but at least clears up the situation now on that our 10 points were deducted as part of the deal to remain in the football league and therefore will not be reinstated. End of debate now and we can just concentrate on staying up and winning football matches whilst enjoying the football being played by our boys at the moment and lets make a fist of it.

 

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[Senior Vick from Alicante]

So Timmy, according to your programme notes it was all ACL's fault because they didn't sign the CVA, nothing to do with the fact that you and Joy put us in administration you buffoon. NOPM

 

[Grendel]

So Timmy, according to your programme notes it was all ACL's fault because they didn't sign the CVA, nothing to do with the fact that you and Joy put us in administration you buffoon. NOPM

What on earth are you talking about? If the CVA had been sound by ACL we would not have been deducted points.

 

[covmark]

So Timmy, according to your programme notes it was all ACL's fault because they didn't sign the CVA, nothing to do with the fact that you and Joy put us in administration you buffoon. NOPM

remind me why they put us in administration

 

[Grendel]

remind me why they put us in administration

I think he's gone back for a siesta. Suffering from sunstroke - made him dilisional for a moment - poor chap.

 

[sky blue john]

remind me why they put us in administration

So that Sisu could break the lease agreement !!!!

 

[Kingokings204]

I see no reason for ACL to reject the CVA put forward as Timothy said (even though I hate the smug git) that a full investigation would happen anyway and therefore leads me to believe it was out of spite not in a business interest.

 

[hill83]

What on earth are you talking about? If the CVA had been sound by ACL we would not have been deducted points.

Ssshhhhh. Don't say that on here. You'll get called timmy.

 

[DaleM]

Here we go yet another thread covering the same old shit.

 

[fernandopartridge]

So Timmy, according to your programme notes it was all ACL's fault because they didn't sign the CVA, nothing to do with the fact that you and Joy put us in administration you buffoon. NOPM

Yet had ACL put the club into administration and the outcome been the same (as it undoubtedly would have been), it would still be SISU's fault.

 

[Cranfield Sky Blue]

remind me why they put us in administration

So they could choose the administrator??

:thinking about:

 

[CarpyCov84]

Is anyone really surprised...

 

[sky blue john]

Yet had ACL put the club into administration and the outcome been the same (as it undoubtedly would have been), it would still be SISU's fault.

Its amazing that some people think if you withhold rent for a year then you shouldn't be held accountable
for your actions !!!

 

[CovFan]

Ssshhhhh. Don't say that on here. You'll get called timmy.

No different from being called "Sheep" for having a different opinion to someone else.

 

[hill83]

No different from being called "Sheep" for having a different opinion to someone else.

Isn't that the other way around?

 

[fernandopartridge]

Its amazing that some people think if you withhold rent for a year then you shouldn't be held accountable for your
for your actions !!!

How is this holding them accountable? Writing off the company so the directors can come back as something else is accountability?

 

[blueflint]

What on earth are you talking about? If the CVA had been sound by ACL we would not have been deducted points.

would you seriously of signed CVA under the circumstances i wouldn't i ran my own business for 15 years so do know a little

 

[shmmeee]

What on earth are you talking about? If the CVA had been sound by ACL we would not have been deducted points.

Not true. Read the post, he asks if the CVA gets signed (which could still happen) we won't get our points back. The -10 points appears to be the FLs fee for transferring the GS to Otium.

 

[shmmeee]

How is this holding them accountable? Writing off the company so the directors can come back as something else is accountability?

So you're problem is with the insolvency proceedings rather than the decision of the creditors?

 

[sky blue john]

How is this holding them accountable? Writing off the company so the directors can come back as something else is accountability?

So what your saying is if Sisu were squatting in your house for over a year you would do nothing ?

Its up to the law to make people/companies accountable for their actions !!!

 

[fernandopartridge]

So you're problem is with the insolvency proceedings rather than the decision of the creditors?

No - it's the way that somehow everything is dressed up as something else - the insolvency proceedings for companies really don't hold companies or the individuals running them accountable for anything, as demonstrated in this case.

There is absolutely no winner from this debacle, but regardless of that, the latest line is that ACL have at least held SISU 'accountable'.

 

[Grendel]

Not true. Read the post, he asks if the CVA gets signed (which could still happen) we won't get our points back. The -10 points appears to be the FLs fee for transferring the GS to Otium.

No it isn't. The transfer has to occur without the CVA signed and its that which incurs the points reduction. If the transfer went through with all major creditors agreeing then there would be no points reduction.

 

[fernandopartridge]

So what your saying is if Sisu were squatting in your house for over a year you would do nothing ?

Its up to the law to make people/companies accountable for their actions !!!

I thought they attempted to put CCFC into administration to avoid the club being liquidated by its owners?

 

[sky blue john]

No it isn't. The transfer has to occur without the CVA signed and its that which incurs the points reduction. If the transfer went through with all major creditors agreeing then there would be no points reduction.

I maybe wrong not as often as you though !!!
I do remember somewhere it being a 15point deduction for an unsigned CVA !!!

 

[Grendel]

I maybe wrong not as often as you though !!!
I do remember somewhere it being a 15point deduction for an unsigned CVA !!!

Sigh again not true. The football league use their discretion in these cases. If you read the actual reports as to why it was ten points you will find that fisher and his team met the league and asked for a lenient points reduction. This was granted as the league sympathised with the club. Why are you so ill informed?

 

[hill83]

Sigh again not true. The football league use their discretion in these cases. If you read the actual reports as to why it was ten points you will find that fisher and his team met the league and asked for a lenient points reduction. This was granted as the league sympathised with the club. Why are you so ill informed?

It takes a lot of time holding shift and pressing 1 three thousand times a day.

 

[covmark]

So what your saying is if Sisu were squatting in your house for over a year you would do nothing ?

Its up to the law to make people/companies accountable for their actions !!!

why do you persist with the crap house analogy. What would you do if you were being charged rent you couldn't afford in said house?
You would move

 

[sky blue john]

I thought they attempted to put CCFC into administration to avoid the club being liquidated by its owners?

Again it comes down to being responsible for your own actions !!

How would Ccfc been put into administration if the rent had been paid or the rent reduction accepted ?

 

[sky blue john]

why do you persist with the crap house analogy. What would you do if you were being charged rent you couldn't afford in said house?
You would move

I see that's working out well for Sisu !!!

 

[sky blue john]

Sigh again not true. The football league use their discretion in these cases. If you read the actual reports as to why it was ten points you will find that fisher and his team met the league and asked for a lenient points reduction. This was granted as the league sympathised with the club. Why are you so ill informed?

Enlighten me was this cosy arrangement with the league before or after the creditors meeting ?

 

[Grendel]

Enlighten me was this cosy arrangement with the league before or after the creditors meeting ?

After the meeting the league met to decide our fate. The club argued its position and we were docked 10 points.

 

[Astute]

why do you persist with the crap house analogy. What would you do if you were being charged rent you couldn't afford in said house?
You would move

But you would make sure that where you move to is big enough for your needs and as near enough to where you need to be as possible.

 

[fernandopartridge]

But you would make sure that where you move to is big enough for your needs and as near enough to where you need to be as possible.

Where else meets all of the above criteria and is available?

 

[skybluetony176]

Yet had ACL put the club into administration and the outcome been the same (as it undoubtedly would have been), it would still be SISU's fault.

what you need to remember is that if ACL put the club into administration they would have had control of who the appointed administrator was and the takeover process wouldn't have been loaded in scrotiums favour.

sisu put the club into administration for debt they owed to themselves (someone tell me how that works? i owe myself £10 pounds, give me the £10 pounds i owe myself, no i wont give myself the £10 pounds i owe myself, well if i'm not going to give myself the £10 pounds i owe myself i'm going to put myself in administration) as the company that put the club into administration for money they owed themselves shitsu and therefore scrotium were privy to information that the other interested parties weren't, so of course scrotium came back with the best bid. the whole system is flawed and unusually that is something that isn't shitsu's fault.

 

[Bill Glazier]

why do you persist with the crap house analogy. What would you do if you were being charged rent you couldn't afford in said house?
You would move

But you'd have to pay off any arrears, wouldn't you?