SISU Exit Strategy? (1 Viewer)

Samo · Apr 4, 2013

I'm sure SISU will be reluctant to walk away empty handed but...
If the whole club are deemed to be in Admin, all assets (such as they are!) will be sold off to pay off the creditors. As secured creditor, first in line and owed £8.5 million is Arvo (SISU wearing a false moustache) Could the plan be ditch the whole sorry mess and walk away with as much of that £8.5 million as possible?

davebart · Apr 4, 2013

in a word no

Samo · Apr 4, 2013

davebart said:
in a word no

Care to elaborate?

Nonleagueherewecome · Apr 4, 2013

Samo said:
I'm sure SISU will be reluctant to walk away empty handed but...
If the whole club are deemed to be in Admin, all assets (such as they are!) will be sold off to pay off the creditors. As secured creditor, first in line and owed £8.5 million is Arvo (SISU wearing a false moustache) Could the plan be ditch the whole sorry mess and walk away with as much of that £8.5 million as possible?

Brilliant description!

Bluegloucester · Apr 4, 2013

Nonleagueherewecome said:
Brilliant description!

That would be very nice, I think they will try to fight on. It appears she is a very stubborn individual and I think it has become more than a money issue. Reading about her past exploits it appears that she is not a good loser, this is all be about pride. Sisu have spent more on legal fees than they can possibly retrieve from this sordid affair.

Garry G · Apr 4, 2013

http://en.wikipedia.org/wiki/Sisu

Skybluesquirrel · Apr 4, 2013

Samo said:
I'm sure SISU will be reluctant to walk away empty handed but...
If the whole club are deemed to be in Admin, all assets (such as they are!) will be sold off to pay off the creditors. As secured creditor, first in line and owed £8.5 million is Arvo (SISU wearing a false moustache) Could the plan be ditch the whole sorry mess and walk away with as much of that £8.5 million as possible?

I went down to the High Court for the hearing. There is NO way SISU are going to walk away from this. Their lawyer managed to apply so much spin that it looked as though ACL were acting unreasonably expecting the answers it requested about CCFC Ltd having no assets (as reported in the press).

SISU are going nowhere. Unfortunately...

davebart · Apr 4, 2013

Samo said:
Care to elaborate?

they are not going to walk away.

Big_Ben · Apr 4, 2013

Samo said:
I'm sure SISU will be reluctant to walk away empty handed but...
If the whole club are deemed to be in Admin, all assets (such as they are!) will be sold off to pay off the creditors. As secured creditor, first in line and owed £8.5 million is Arvo (SISU wearing a false moustache) Could the plan be ditch the whole sorry mess and walk away with as much of that £8.5 million as possible?

Dream on !!
I have an inkling that we'll see a lot more of SISU yet.

Baginton · Apr 5, 2013

yeah they have an exit stratorgy, go with a profit or liquidate the club.

Samo · Apr 5, 2013

Skybluesquirrel said:
I went down to the High Court for the hearing. There is NO way SISU are going to walk away from this. Their lawyer managed to apply so much spin that it looked as though ACL were acting unreasonably expecting the answers it requested about CCFC Ltd having no assets (as reported in the press).

SISU are going nowhere. Unfortunately...

If that is the case, what the fuck is thier plan? Please someone tell me!!!

SISU Exit Strategy? (1 Viewer)

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