HuckerbyDublinWhelan
Well-Known Member
Out on interest can further bidders come forward on Thursday?
Out on interest can further bidders come forward on Thursday?Ive cleaned my specs and I wiIl give you that there is one “may not“ and one “may” - but not lots of mays. The council may choose not to forfeit the lease, but if they do then the bondholders would have to challenge the forfeiture, if the bondholders lost that challenge, the mays in red would become wills.
it is very complex, people in this thread are mixing up administration and liquidation and most haven’t read the prospectus.
If the administrators application is successful on Thursday then ACL enters administration and continues trading until the purchase is completed without the burden of the charge on the long lease. If the application fails, then the administrators are saying ACL will be liquidated opening up the potential for forfeiture and the bondholders would face a legal battle and potentially end up with a worse outcome.
Needs a dirty bass line.
My understanding is that the period of exclusivity runs up to Thursday, so I guess not.Out on interest can further bidders come forward on Thursday?
Ive cleaned my specs and I wiIl give you that there is one “may not“ and one “may” - but not lots of mays. The council may choose not to forfeit the lease, but if they do then the bondholders would have to challenge the forfeiture, if the bondholders lost that challenge, the mays in red would become wills.
it is very complex, people in this thread are mixing up administration and
The Council could forfeit the lease now. I am sure someone has asked CCC for their position - not formally of course
That’s probably why he will do due diligence and do it properly this time.Keep seeing comments that 'Mike Ashley will have done his due diligence' too. The same guy who openly admits he did 0 due diligence when he took over Newcastle and was completely surprised to find them 100M in debt!
If you look carefully you can see @Earlsdon_Skyblue1 stumbling out of Lloyds
Because he thinks it makes him look good.Why is he so proud that he "helped" the football club play some games before the World Cup. The club payed ACL dint to stay open
Because he thinks it makes him look good.
In reality he was using ccfc to keep ACL afloat until he could fuck us over again.
Like before.
Would you rather they’d gone bust and we had more games postponed?
Gary Ridley is asking that question by the looks of itWhere's Duggins in all this, the leader of the council is nowhere to be seen, he should be next to be grilled
Face it this whole debacle is just beyond defending - it’s one embarrassment after another
Im not defending it, but it’s a fair question. The club seem happy with what he did to get games on. Would it have been better to let them go pop, and us have games postponed so that Sisu could get the arena.
Yeah, he keeps saying formal requests when asked about discussions too.
Well the cynic could say “getting games on” was partly to prevent liquidation and find the right buyer
But the council have said all along they have no involvement with ACL and no input.Would you rather they’d gone bust and we had more games postponed?
But the council have said all along they have no involvement with ACL and no input.
Funny that, another fucking lie.
If it meant that acl liquidated and somebody picked ACL and the club up with a nice fresh start I'd take a points deduction tomorrow.
He has brought up more questions than answers.
He literally said he didn't know the preferred bidder and then said "we are talking to the preferred bidder"
really?? would never had thought it
Looks like duggins or reeves is lying.
They have been open with absolutely nothing. You have just said everything is a conspiracy when it's suggested they are up to no good.And if it meant ACL liquidated and Sisu and the council and Mike Ashley in a bun fight?
Or Sisu take over the Arena and everything carries on as normal?
The council have said no involvement with the admin process, they’ve been open throughout that they’re working with bidders. I’m still not sure what the smoking gun is TBH. Reeves went around looking for people to buy the arena before it went pop, seemingly including Sisu from what he’s saying. Only the Ashley bid went anywhere.
It's what they have done all along.Said hes limited in what he can do then said he was heavily involved in keeping City playing at the CBS
Prefer him to be roasted on a spitWhere's Duggins in all this, the leader of the council is nowhere to be seen, he should be next to be grilled
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