bugger.. I thought that had to be done by 8th, so now we have another week to wait.However, the Telegraph understands Sisu has until August 15 to lodge its appeal directly with the court.
From Simons article...
bugger.. I thought that had to be done by 8th, so now we have another week to wait.
This is good news Jack as the monies owed is decided on the 7th so I reckon that's within a week to do a deal.
You are very optimistic, but I think the player sales & Arsenal cup tie money that came in to the club will enable SISU to hold on at Sixfields at least this season.. I don't think they are going to give in soon.
simon have you been told it's the 15th or have you added 3 weeks onto the 25th? because the judges letter on your page is dated a week before. If you've been told 15th thats a shame.
I don't agree that with no appeal currently on the table that acl will treat it like there is no appeal, at least without sisu publicly stating that they won't appeal, or even better signing something to that affect, unless they do at least that acl will have to assume that an appeal will be forthcoming untill the final date has passed.
That's what we've been told.
Not sure what to make of the date on the judge's letter. The day we published online was the day we found out. We also, strangely, found out before the council, so maybe the date isn't when it was "handed down".
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ACL would put markers in place im sure but if there is no appeal then WHY NOT?
Good start, Nice to see SISU are not above the law and have to pay these costs and not squirm out of them. Another 150k due by Friday which is nice. Thanks Joy.
Interesting there is no appeal at the moment and only have until the 15th to appeal. If they were to appeal does anyone else like me think they would of appealed yet or they are genuinely wanting to come home with the 7th being the date the FL decide the monies owed. That would fulfil the criteria of no legal action and monies owed settled.
I am cautiously optimistic about this.
I expect my bins to be emptied early this week then. Also, they can sort the Albany Road out in Earlsdon now. It's a death trap.
If sisu told them in a legally binding way there will be no appeal then acl can act like there is no appeal, otherwise they will act like an appeal will be happening, anything else would be naive folly on their part. Especially as everything suggests sisu will appeal, after losing the JR Fisher said 3 senior judges would give them a different response and we haven't yet got to the stage with 3 judges so there is every reason to believe another appeal will be happening.
If there wasn't to be an appeal it would be in sisus interests to announce it straight away, it would increase the fan pressure on acl and less people would see sisu as the main roadblock.
Surely if they were going to appeal they would have done it by now. In my opinion they will use this in any discussion after the money owed to ACL is paid on the 7th August, and this gives me a little chink of hope that something could be worked out about bringing the club home to the Ricoh.
If they were certain they were going to appeal come what may, they would have done it by now
This is obviously money coming out of the club and not in remember...
I hope they dont appeal but i think they will, the appeal normally drops in last minute when you think it is all safe. To what that appeal will solve is a different question.
it shouldnt be coming out of the club. it should be sisu shouldnt it??? didnt fisher say there was nothing the club could do about any of this court action???
That's what we've been told.
Not sure what to make of the date on the judge's letter. The day we published online was the day we found out. We also, strangely, found out before the council, so maybe the date isn't when it was "handed down".
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My understanding of it was that the £100k actually had to be lodged with SISU's solicitors against possible costs, prior to commencing the action (sort of an escrow, in effect). So in essence these funds were simply released. If they hadn't been, I presume that SISU's solicitors would have been in trouble as much as SISU themselves.
The next £150k by 8th August will be mildly interesting - will SISU drag it out? It will be accruing interest, so in theory it would make sense to pay it ASAP, but it's SISU so who knows!
This exerpt is from the write from the CCLSC meeting with TF last Thursday, and may be of interest, as he is stating that the legal action is nothing to do with the club (Otium).
The judge had made a number of damming comments about SISU in his judgment which cannot go unanswered. The appeal was out of the club’s hands. It was explained that a new governance structure had been established for the Portfolio Company and Otium was subsequently at arm’s length from the legal case. In effect Chinese walls had been put into place between the Club and the creditor/investor.
GET IN!
Up the Council
Love Thorn Hate sisu
Well that that shows unequivicably that sisu will be appealing further, there really is no hope of us getting back to the Ricoh over the next couple of months. :-(
Well that that shows unequivicably that sisu will be appealing further, there really is no hope of us getting back to the Ricoh over the next couple of months. :-(
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