Just remind me where we are and what the next steps are ?
With more and more evidence being revealed since the CVA (which Appleton could, and should, have been aware of) why did he present the CVA to the creditors at that time when evidence now shows that players registrations (assets) were with CCFC Ltd and not Holdings ? mmmmmmmmmmmmmmmmmm !
Players registration (in terms of assets) were mostly with Holdings - only a few were with Limited.
Players registrations were all in Holdings in the FL register.
It was paramount the administration was done with speed to start the new season out of administration. This didn't happen and is not the fault of Appelton.
In the early days of the administration there was a cry for action from Appelton and a demand for a speedy resolution.
Now you ask why he didn't take longer as the outcome was not what you expected or desired?
Players registration (in terms of assets) were mostly with Holdings - only a few were with Limited.
Players registrations were all in Holdings in the FL register.
It was paramount the administration was done with speed to start the new season out of administration. This didn't happen and is not the fault of Appelton.
In the early days of the administration there was a cry for action from Appelton and a demand for a speedy resolution.
Now you ask why he didn't take longer as the outcome was not what you expected or desired?
With more and more evidence being revealed since the CVA (which Appleton could, and should, have been aware of) why did he present the CVA to the creditors at that time when evidence now shows that players registrations (assets) were with CCFC Ltd and not Holdings ? mmmmmmmmmmmmmmmmmm !
Players registration (in terms of assets) were mostly with Holdings - only a few were with Limited.
Players registrations were all in Holdings in the FL register.
It was paramount the administration was done with speed to start the new season out of administration. This didn't happen and is not the fault of Appelton.
In the early days of the administration there was a cry for action from Appelton and a demand for a speedy resolution.
Now you ask why he didn't take longer as the outcome was not what you expected or desired?
Which could incur another points deduction if a revised CVA was rejected again, scuppering any prospect of promotion, the way we are playing getting to at least the play offs looks a possibility. IMO SISU do not want us in a higher division, with the increase in costs, wages etc. Struggled financially at the Ricoh not a hope in hell of being viable at Sixfields even with 7000 gates. Engineering another points deduction then blaming ACL/CCC ? Don't rule that out.Appleton due to present his findings on 19th September followed by application to liquidate CCFC Ltd (unless Appleton decides to re-run the Administration Process and present a new CVA, maybe even open the bidding again - I doubt none of these will happen)
Engineered the points deduction! come on where would the sense in that be? The reason ACL did not sign the CVA was purely to maintain the Investigation and hold the Rental agreement in place on their books. They turned down £590K for a poultry 10p in the pound they would get when the company is liquidated and then and only then the Rental agreement is dead so all they have done is delayed the inevitable got us a 10 point deduction anf threw money away that they will desparately need come the year end accounting. What they did is totally illogical.Which could incur another points deduction if a revised CVA was rejected again, scuppering any prospect of promotion, the way we are playing getting to at least the play offs looks a possibility. IMO SISU do not want us in a higher division, with the increase in costs, wages etc. Struggled financially at the Ricoh not a hope in hell of being viable at Sixfields even with 7000 gates. Engineering another points deduction then blaming ACL/CCC ? Don't rule that out.
Engineered the points deduction! come on where would the sense in that be? The reason ACL did not sign the CVA was purely to maintain the Investigation and hold the Rental agreement in place on their books. They turned down £590K for a poultry 10p in the pound they would get when the company is liquidated and then and only then the Rental agreement is dead so all they have done is delayed the inevitable got us a 10 point deduction anf threw money away that they will desparately need come the year end accounting. What they did is totally illogical.
. Engineering another points deduction then blaming ACL/CCC ? Don't rule that out.
Which could incur another points deduction if a revised CVA was rejected again
Source on all players being in Holdings?
I think you're mistaken here. The 10 point deduction came about because Holdings became the football club after the golden share was moved there. Anything that happens to limited now, whether it's liquidated or not, is irrelevant.
I would have thought that the first thing an "Insolvency Expert" would be to look at the employees Contracts of Employment to see which Company they were legally contracted to work for, pay NI Contributions and PAYE !!
Why was this aspect 'paramount'?
I think you're mistaken here. The 10 point deduction came about because Holdings became the football club after the golden share was moved there. Anything that happens to limited now, whether it's liquidated or not, is irrelevant.
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