Bid Deadline Extended until Thursday (1 Viewer)

Sky Blue Kid

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May 3, 2012
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Don't forget SISU have an "Entity" making a bid for "Ltd"...........Could it be Byng?:(
 

rupert_bear

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Nov 14, 2012
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The more things are pushed backwards nearer to the big kick-off the more likely there will be no sillly ground share. Am i correct by saying once a buyer has been identified by Appleton this then goes before a judge. that will be another delay, it frustrates the signing of much needed new players but also muddles up up any plans to play elsewhere.
 

JackTaylor

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Jun 9, 2013
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I wish this sorry episode can be put behind us so that we can concentrate on the important issue, getting out of League 1.
 
D

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I wish this sorry episode can be put behind us so that we can concentrate on the important issue, getting out of League 1.

Don't need to worry about that, we'll be out of it this time next year.
 

RegTheDonk

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Aug 17, 2011
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Fisher actually said on the Friday night forum that SISU had put in a bid with an entity of their organisation while deliberately not saying it's name!;)

Well if Byng is going into partnership with sisu, that would surely mean the ricoh is out, ccc said they would not sell to sisu.
 

mattylad

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Mar 24, 2011
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Thursday deadline is only for those who have already placed an indicative offer to make that formal. To me that sounds like further information must have been supplied to those interested with regards to what the administrator believes is in Ltd. Fingers crossed that we could be rid of them soon if the league choose to support a new owner.
 

Sky Blue Kid

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May 3, 2012
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@ RegTheDonk.
Another scenario could be....Byng buys the shares then when things settle down, brings in SISU as a partner:confused:
 

RegTheDonk

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Aug 17, 2011
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@ RegTheDonk.
Another scenario could be....Byng buys the shares then when things settle down, brings in SISU as a partner:confused:

Kid, its doing my head in, so many possible twists, turns, conspiracy theories, I just cant follow it.

My X-Files box set was easier to digest.
 

Grendel

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Sep 19, 2011
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The more things are pushed backwards nearer to the big kick-off the more likely there will be no sillly ground share. Am i correct by saying once a buyer has been identified by Appleton this then goes before a judge. that will be another delay, it frustrates the signing of much needed new players but also muddles up up any plans to play elsewhere.

Why on earth would it "go before a judge"?
 

@richh87

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Jul 2, 2011
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Why on earth would it "go before a judge"?

To be fair the whole process is a bit of a mystery to many of us.

My understanding of it was whoever successfully bids for Ltd, assuming the golden share is returned there, would own the football club; and that it's then SISUs problem that they have players on contracts etc. But I read this morning that the winning bidder would then have to negotiate with SISU, but I'm not sure why that's the case...
 

dongonzalos

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Feb 13, 2012
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To be fair the whole process is a bit of a mystery to many of us.

My understanding of it was whoever successfully bids for Ltd, assuming the golden share is returned there, would own the football club; and that it's then SISUs problem that they have players on contracts etc. But I read this morning that the winning bidder would then have to negotiate with SISU, but I'm not sure why that's the case...

I assume the judge bit is the administrator trying to wash his hands of the aftermath.

Ie SISU, the FL and the bid winner battle out who owns the club and the administrator walks away with his half a million.
 

Sick Boy

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Sep 29, 2008
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To be fair the whole process is a bit of a mystery to many of us.

My understanding of it was whoever successfully bids for Ltd, assuming the golden share is returned there, would own the football club; and that it's then SISUs problem that they have players on contracts etc. But I read this morning that the winning bidder would then have to negotiate with SISU, but I'm not sure why that's the case...

Wouldn't sisu own the naming rights as well?
 

Grendel

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...because he's an Officer of the Court - he has to report back & I think it has to be in public.

Yes but that is formal approval of the decision. It will not delay the process.
 

SkyblueBazza

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Jun 19, 2012
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To be fair the whole process is a bit of a mystery to many of us.

My understanding of it was whoever successfully bids for Ltd, assuming the golden share is returned there, would own the football club; and that it's then SISUs problem that they have players on contracts etc. But I read this morning that the winning bidder would then have to negotiate with SISU, but I'm not sure why that's the case...

I think in theory they wouldn't have to negotiate with SISU under normal circumstances - but hey! this is Coventry so they will...via Holdings for some of the stuff to do with running the club. Player contracts (or is it registrations? Lol) & the like I guess...if it's a full buy out
 

Grendel

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To be fair the whole process is a bit of a mystery to many of us.

My understanding of it was whoever successfully bids for Ltd, assuming the golden share is returned there, would own the football club; and that it's then SISUs problem that they have players on contracts etc. But I read this morning that the winning bidder would then have to negotiate with SISU, but I'm not sure why that's the case...

I assume the negotiation is in the form of them being a creditor and getting an agreed settlement.

Given that one bidder is the main creditor I cannot see how any other buyer can get a look in.
 

@richh87

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Jul 2, 2011
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Wouldn't sisu own the naming rights as well?

Naming rights of the club? I don't know, I mean CCFC Ltd is the football club,despite SISU trying to cheekily move everything to holdings over the las year, so I guess the name is part of that.
 

SkyblueBazza

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Jun 19, 2012
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Yes but that is formal approval of the decision. It will not delay the process.

It probably will - because the best bid other than a SISU one will be conditional & Holdings have indicated they'd be willing to challenge on various things...including the GS
 

Grendel

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It probably will - because the best bid other than a SISU one will be conditional & Holdings have indicated they'd be willing to challenge on various things...including the GS

Mmmm do you really think sisu will not be the preferred bidder? I'd be amazed.
 

Astute

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Aug 2, 2011
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I would like to know how anyone can make a bid for our club when they can't be sure on what they are bidding for.

If it is the golden share part of the club then they will also get the players. Nobody is allowed to be in charge of football contracts if not in charge of a club. Ask West Ham.
 

Grendel

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