Statement from fisher (1 Viewer)

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AFCCOVENTRY

AFCCOVENTRY

Well-Known Member
Coventry City CEO Tim Fisher has issued a statement regarding the High Court application for administration being placed.

The statement reads;

"We have not applied for a court application which could send the club into administration. That has been done to us.

"There is no benefit to the football club, its supporters or any other party to discuss financial and commercial details through the media.

"Why would we do that when we are at such a delicate stage in proceedings?

"We are doing everything we can to work through this whole at the same time running a football club that is doing well on the field and in touching distance of the play-off places."
 
coundonskyblue

coundonskyblue

New Member
"Why would we do that when we are at such a delicate stage in proceedings?

I thought he said discussions had been called off?
 
ohitsaidwalker king power

ohitsaidwalker king power

Well-Known Member
Fishers statement is one heavily laced with rhetoric attempting to win hearts and minds of the Coventry public... SISU the victim?.... do me a favour please.:facepalm:
 
Black6Osprey

Black6Osprey

New Member
His statements are becoming more random by the day.

Must have taken all of a minute while sitting on the bog to write that one.
 
sky blue john

sky blue john

Well-Known Member
This is one of his tame ones.
What no threats ?

You have remember they are not his statements but what joy wants him to say !!!
 
AFCCOVENTRY

AFCCOVENTRY

Well-Known Member
Almost looks more and more defeatist in his statements now. Normally he has a good come back against acl.

Game over?
 
T

theferret

Well-Known Member
Nothing particularly random in that statement. Pretty predictable and innocuous if you ask me. Nothing remotely contentious or controversial.
 
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Lord_Nampil

Well-Known Member
AFCCOVENTRY said:
High court only has to say Cov are in admin on fri and Sisu will be evicted

50:50 on Friday ?
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I dont think that is 100% correct OSB probably can confirm what that would mean, i think they would loose control but would still have to run the club and i am guessing, pay some sort of rent....
 
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theferret

Well-Known Member
TrueSkyBlueLiam said:
'Why would we do that when we are at such a delicate stage in proceedings?' TO KEEP THE F*CKING FANS INFORMED YOU CORPERATE ARSEHOLE!
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He is talking about legal proceedings. Why compromise their position ahead of a court hearing? Clearly SISU are formulating their response and I suspect nothing has been decided yet. Even if you hate them, surely you must understand that they may want to keep their cards close to their chest for a few days?
 
coundonskyblue

coundonskyblue

New Member
Lord_Nampil said:
I dont think that is 100% correct OSB probably can confirm what that would mean, i think they would loose control but would still have to run the club and i am guessing, pay some sort of rent....
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I thought once the club is in administration the administrators run it?
 
sky blue john

sky blue john

Well-Known Member
theferret said:
He is talking about legal proceedings. Why compromise their position ahead of a court hearing? Clearly SISU are formulating their response and I suspect nothing has been decided yet. Even if you hate them, surely you must understand that they may want to keep their cards close to their chest for a few days?
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It doesn't matter now 90% of ccfc fans don't know what to believe when TF makes a statement anymore there has been so many lies !!!
 
T

theferret

Well-Known Member
coundonskyblue said:
I would say unless they come to an agreement with ACL its nearer 100%.

If it gets to court on Friday I can't see how a judge couldn't rule we're insolvant.
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SISU have recently stated that a home average of 11K is our current break even point. If SISU can produce a set of management accounts showing a healthy enough balance sheet and no external creditors then it will ultimately come down to the issue of rent and how the judge views that. If SISU can demonstrate that it is not about an inability to pay but more an unwillingness to pay owing to the fact they dispute the terms of the agreement, then it is difficult to see how a judge can rule that we are insolvent?

I'm not a legal expert though and am just thinking out loud, but it seems to me that this is far from a formality.
 
Flying Fokker

Flying Fokker

Well-Known Member
theferret said:
SISU have recently stated that a home average of 11K is our current break even point. If SISU can produce a set of management accounts showing a healthy enough balance sheet and no external creditors then it will ultimately come down to the issue of rent and how the judge views that. If SISU can demonstrate that it is not about an inability to pay but more an unwillingness to pay owing to the fact they dispute the terms of the agreement, then it is difficult to see how a judge can rule that we are insolvent?

I'm not a legal expert though and am just thinking out loud, but it seems to me that this is far from a formality.
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Good point. All be it will leave a bitter taste if SISU win this one.
 
S

Spencer

New Member
theferret said:
SISU have recently stated that a home average of 11K is our current break even point. If SISU can produce a set of management accounts showing a healthy enough balance sheet and no external creditors then it will ultimately come down to the issue of rent and how the judge views that. If SISU can demonstrate that it is not about an inability to pay but more an unwillingness to pay owing to the fact they dispute the terms of the agreement, then it is difficult to see how a judge can rule that we are insolvent?

I'm not a legal expert though and am just thinking out loud, but it seems to me that this is far from a formality.
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Agreed.

The hearing on Friday isn't about whether SISU should pay the rent, it is about whether they can pay the rent.

All they need to do is show that the holding company has they money ready to pay, if so ordered at a future date, and admin is avoided.

I suspect ACL will end up with egg on their faces (unless SISU really are broke) in which case we are about to be docked ten points and have to hope someone else is willing to pump money into a failing club.
 
Sky Blue Kid

Sky Blue Kid

Well-Known Member
The one thing I remember about Comical Ali was....We are pushing the infidel American and British back over the border of Kuwait....This was said at the same time as his film crew showed allied tanks coming into Bahgdad over his right shoulder..lmfao.:laugh::laugh::laugh:
 
Flying Fokker

Flying Fokker

Well-Known Member
Surely SISU will find they money?

They may avoid their day in court.

ACL need to be prepared for that.
 
BigadamL

BigadamL

Well-Known Member
What does worry me is that this is what SISU do to other companies. Meaning I think they will have a few tricks up their sleeves!
 
Mary_Mungo_Midge

Mary_Mungo_Midge

Well-Known Member
Whilst not contentious to some, his statement 'There is no benefit to the football club, its supporters or any other party to discuss financial and commercial details through the media' is somewhere distant from his statements on our clubs's own website last year when he spoke in terms of ACL's 'well publicised financial problems' during SISU's 'distress' phase. Add to that any number of crass and unhelpful statements made on the radio and in The Telegraph.

Strikes of alarming double standards, and illustrative of the mindset that has led us to where we currently are
 
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S

Spencer

New Member
Flying Fokker said:
Surely SISU will find they money?

They may avoid their day in court.

ACL need to be prepared for that.
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I don't think ACL have many other options but to play on the claim of SISU to be facing insolvency and try and force administration.

Let's face it we wouldn't best pleased if ACL (or rather the council) spent thousands suing the club for the rent to have an award made in their favour but which wouldn't be paid as it forces SISU to liquidate.

I think SISU currently hold a couple of aces.
 
J

Jack Griffin

Guest
theferret said:
SISU have recently stated that a home average of 11K is our current break even point. If SISU can produce a set of management accounts showing a healthy enough balance sheet and no external creditors then it will ultimately come down to the issue of rent and how the judge views that. If SISU can demonstrate that it is not about an inability to pay but more an unwillingness to pay owing to the fact they dispute the terms of the agreement, then it is difficult to see how a judge can rule that we are insolvent?

I'm not a legal expert though and am just thinking out loud, but it seems to me that this is far from a formality.
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I'm not sure many of the previous statements from Fisher et al have been entirely reliable though. It would be nice for someone to see some accounts from the CCFC group to provde the validity of what they say.

I agree the result of the court hearing is far from a formality. I'm sure there will be a surprise or 2 to come, but frankly the dispute has to be brought to a head for the good of the club.
 
B

Bluegloucester

New Member
Spencer said:
I don't think ACL have many other options but to play on the claim of SISU to be facing insolvency and try and force administration.

Let's face it we wouldn't best pleased if ACL (or rather the council) spent thousands suing the club for the rent to have an award made in their favour but which wouldn't be paid as it forces SISU to liquidate.

I think SISU currently hold a couple of aces.
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Can you translate please?
 
S

Spencer

New Member
Bluegloucester said:
Can you translate please?
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What don't you understand?

All SISU need to demonstrate in order to avoid admin is that they have an ability to pay their debts as they fall due.

SISU are saying the rent isn't due as they have a dispute. This is easily evidenced by the behaviour of ACL and their willingness to offer concessions on the rent.

This court hearing isn't about whether SISU should pay.

I just think ACL are now playing their only real card left. SISU have played a great game in terms of leaving ACL in no doubt that, even if they obtained a court order, they wouldn't get the rent as they'd merely liquidate the club.

Therefore, ACL will be throwing good money after bad if they decide to sue SISU.
 
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LarryGrayson

New Member
Jack Griffin said:
It would be nice for someone to see some accounts from the CCFC group to provde the validity of what they say.
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ha ha ha ha ha ha ha ha ha ha ha

ha
 
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