Ongoing litigation (1 Viewer)

[Astute]

Does anyone have any thoughts about why the litigation has not stopped?

All I can come up with is that they need to raise funds for this new stadium. No concrete plans shown so far. The courtroom drama continues though. And I can't see the litigation having any way of us getting the Ricoh as legally binding contracts have been signed, and at the time of sale everything was cleared on the legal side after the JR result. So is it a way of trying to get damages that would go towards a stadium build? Could another SISU legal loss mean major trouble for our football club? Will they just keep up with the litigation hoping that CCC will settle out of court to get SISU off their back? Would they just take any damages then look to dispose our football club?

Was the conditional bid for the Higgs share just a ploy to try and get more information which could be used to do so?

 

---

[SkyBlueScottie]

Personally think its too settle scores, get some cash, pass the time while they watch Wasps struggle to make ends meet, all the while we meander around this league, selling a player every now and again. Come the time to renew our stadium rental deal they will hope that Wasps are desperate for a deal, offer to buy a stake, complain about something and the whole thing goes on.....

 

[bigfatronssba]

I am guessing that if CCC were found guilty in the JR, that Sisu could then seek for damages against CCC for "loss of earnings" or something similar.

My concern with this is, if Sisu were to get a big payout, what would be the motive for them to put that money back into a loss making football club? Wouldn't the most sensible thing to do at that point (from their point of view) be to take the money, and dump the club?

 

[Astute]

I am guessing that if CCC were found guilty in the JR, that Sisu could then seek for damages against CCC for "loss of earnings" or something similar.

My concern with this is, if Sisu were to get a big payout, what would be the motive for them to put that money back into a loss making football club? Wouldn't the most sensible thing to do at that point (from their point of view) be to take the money, and dump the club?

Our club will be safe then. When did they ever do sensible?

 

[albatross]

I think they are very much on Plan B now.

Plan A was to distress ACL to get it at the lowest price and also load CCFC with debt which they could claim was a distressed business due to the actions of CCC and ACL, these costs would be attributable to them not being able to purchase ACL and then having to move to Northampton. So they have been incurring costs on the balance sheet. These could then in part be offset by by getting ACL for nothing and / or an accompanying payout from CCC.

Plan B now just leaves the recovery of these incurred losses but they will need the JR to go in their favour to be able to pursue CCC further. Even then I think we will be in court again.

 

[BrisbaneBronco]

I think that if successful in claiming damages against CCC, SISU will either cut and run, or surprise everyone and use the money to finance the stadium build. Meanwhile, we will tread water in league 1.

 

[ecky]

I think that if successful in claiming damages against CCC, SISU will either cut and run, or surprise everyone and use the money to finance the stadium build. Meanwhile, we will tread water in league 1.

The process could take 10 years.
While people pay at the turnstile they are just funding sisus legal fees

 

[skybluetony176]

I have a theory that its now less to do with CCFC than ever. Its personal. The "queen of debt" is fighting to keep her "we batter people in court" reputation. I dont know but I suspect that in her line of business reputation is everything and hers has taken a battering. I'd even go as far to suggest that the counter offer could have been nothing more than a fishing trip. Its a theory anyway.

 

[CCFC PimpRail]

They keep missing the word "try" out of their "batter people in court" statement.

In all honesty, they're not very good in the courtroom- unless someone can convince me otherwise...

 

[ecky]

They keep missing the word "try" out of their "batter people in court" statement.

In all honesty, they're not very good in the courtroom- unless someone can convince me otherwise...

They are not very good at anything,
The circles these people move in must be very embarrassing for them.
Laughing stock comes to mind ah shame, not.

 

[ccfcway]

Will they just keep up with the litigation

YES.

As another poster has just put it, "the process could take 10 years"