Administrators statement contradicts itself.... (4 Viewers)

[OyJimmy]

See: http://www.ccfc.co.uk//news/article/statement-from-adminstrator-883276.aspx

At the top he says the assets have been transferred. At the bottom he says:

"The Football League have been kept closely informed of developments and I am continuing to work closely with them so that the process of transferring the share can begin.


This will involve sending out proposals for a voluntary arrangement to creditors which will be considered at a meeting of creditors to be convened within the next three weeks"

So the main asset "the golden share" hasn't been transferred yet. His words not mine and he hasn't even got approval from the creditors yet.

So my reading of this is that ACL can still stop this and probably will. Does anyone else read this differently?

 

---

[Godiva]

See: http://www.ccfc.co.uk//news/article/statement-from-adminstrator-883276.aspx

At the top he says the assets have been transferred. At the bottom he says:

"The Football League have been kept closely informed of developments and I am continuing to work closely with them so that the process of transferring the share can begin.


This will involve sending out proposals for a voluntary arrangement to creditors which will be considered at a meeting of creditors to be convened within the next three weeks"

So the main asset "the golden share" hasn't been transferred yet. His words not mine and he hasn't even got approval from the creditors yet.

So my reading of this is that ACL can still stop this and probably will. Does anyone else read this differently?

Read the old thread please, no need to duplicate 100+ posts.

 

[wozey]

They can't stop it they can just reject the payment proposals at the meeting but if sisu offer to pay the lot in full then what? Probably then next plan to silence the voice of ACL

 

[italiahorse]

They can't stop it they can just reject the payment proposals at the meeting but if sisu offer to pay the lot in full then what? Probably then next plan to silence the voice of ACL

But what about the value of the lease ?

 

[jesus-wept]

They can't stop it they can just reject the payment proposals at the meeting but if sisu offer to pay the lot in full then what? Probably then next plan to silence the voice of ACL

What voice of ACL, they seem very quiet at the moment to me, a lot on here seem to try to talk for them.

 

[wozey]

What voice of ACL, they seem very quiet at the moment to me, a lot on here seem to try to talk for them.

Very true but I think they have planned to oppose the CVA because they don't have meany other options open to them