Breaking news - league letter to Ainsworth (2 Viewers)

AFCCOVENTRY

Well-Known Member
@Lesreidpolitics: BREAKING: League letter to Ainsworth MP: "We'll continue our endeavours to get #CCFC playing in home city at earliest opportunity".. 1/3

@Lesreidpolitics: 2/3 "Tho this will be against backdrop of the club having had 10pts deducted for failing to achieve CVA due to former landlord's actions"..

@Lesreidpolitics: 3/3 "It's categorically not the case the League failed to apply its own rules as the board retains the right to permit clubs to move ground"
 

CovFan

Well-Known Member
Ridiculous, "former landlord's actions"? They were trying to get the money they were owed for a legally binding contract.

What a crock.
 

Bill Glazier

Active Member
'club having had 10pts deducted for failing to achieve CVA due to former landlord's actions".

Absolutely disgraceful statement. I wonder how they'll behave when Sisu owe them a million quid!

 

coop

Well-Known Member
sisu turned down Acl's offer of £150:000 rent thats why they turned down the cva and so did HRMHC turn the cva down.Acl didnt cost us the 10 point loss SISU did
 

oldskyblue58

CCFC Finance Director
It is easy to comply with their own regulations if just about everything is covered by "at the discretion of the Board"

I wonder if the insolvency policy as it relates to new companies has been applied to Otium or not ...... or whether it is just a straight transfer as if it is the same business?
 

lordsummerisle

Well-Known Member
sisu turned down Acl's offer of £150:000 rent thats why they turned down the cva and so did HRMHC turn the cva down.Acl didnt cost us the 10 point loss SISU did

ACL didn't offer Sisu/Otium £150,000 rent at all though.

Don't deny mostly down to Sisu being in the situation, but ACL were offered a fair chunk of money, and did turn it down.

Don't know what effect HMRC turning it down would have been, as was only a relatively small amount wasn't it?
 

oldskyblue58

CCFC Finance Director
Didnt the club move out of the City with league permission before any CVA was put to creditors ?
 

chiefdave

Well-Known Member
'club having had 10pts deducted for failing to achieve CVA due to former landlord's actions".

Absolutely disgraceful statement. I wonder how they'll behave when Sisu owe them a million quid!


if that's a direct quote from Football League correspondence that is an appalling statement to make. they claim they can't get involved with the process of administration but then come out with things like that!
 

CovFan

Well-Known Member
If HMRC had accepted it then the CVA would have been over the 66% threshold needed for the CVA to go through. As a general rule HMRC never accept CVA's due to the football creditors first rule.
 

oldskyblue58

CCFC Finance Director
I think you will find that ACL turned the CVA down because they did not agree with the basis upon which it was arrived at. If they had voted for it then they could not argue that the process and calculation was wrong at a future date.

Neither the groundshare nor the rental offer formed any part of the CVA
 
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RPHunt

New Member
Greg Clarkes's secretary: "What should I reply to Mr Ainsworth?".
Greg Clarke: "Tell him to Get Stuffed".
Greg Clarkes's secretary: "OK, but he's an MP, so I will dress it up a bit".
 

lordsummerisle

Well-Known Member
I think you will find that ACL turned the CVA down because they did not agree with the basis upon which it was arrived at. If they have voted for it then they could not argue that the process and calculation was wrong at a future date.

Neither the groundshare nor the rental offer formed any part of the CVA

Are ACL going to pursue the lost rental money off Robinson now?

Sure I heard that he was liable for unpaid rent up to around £250,000?
 

Grappa

Well-Known Member
I think you will find that ACL turned the CVA down because they did not agree with the basis upon which it was arrived at. If they have voted for it then they could not argue that the process and calculation was wrong at a future date.

Neither the groundshare nor the rental offer formed any part of the CVA

The dropping of the judicial review was though, wasn't it?
 

oldskyblue58

CCFC Finance Director
The dropping of the judicial review was though, wasn't it?

No it wasnt that was part of the rent offer that Appleton said could not be included in the CVA
 

chiefdave

Well-Known Member
well I didn't think it was possible to be more astounded at the level of incompetence shown by the football league than I already was but clearly I was underestimating them!
 

oldskyblue58

CCFC Finance Director
Are ACL going to pursue the lost rental money off Robinson now?

Sure I heard that he was liable for unpaid rent up to around £250,000?

I would have thought they were already chasing that. Neither Robinson nor McGinnity guaranteed the rent as such. They guaranteed the Escrow account and my understanding is that it was open ended ie every time it is drawn down they have a duty to top it up

Might find that a seperate private legal arrangement is made to settle the duty to pay
 

oldskyblue58

CCFC Finance Director
But I thought the CVA was rejected because of the amendments. Who's got Appleton's statement handy?

the amendments never got included by Appleton but my understanding is that the whole basis of the CVA is disputed by ACL. The rent deal amendments were a commercial decision to try to draw a line under everything
 

oldskyblue58

CCFC Finance Director
The letter refers to the club being liquidated but it is CCFC Ltd that is to be liquidated - the club was being operated by CCFC H as confirmed by TF and accepted by FL way back in March 2013 (otherwise they couldnt have played the matches since 22/03/13 unless Appleton ran the football club). The FL had taken back the share

So having accepted that CCFC Ltd no longer operated the football club under what basis does the FL believe that the liquidation of CCFC Ltd would have meant ccfc the club no longer existed? All they did was to accept at their discretion that the "club" had moved prior to the administration starting and to award the share as they felt fit to Otium. They didnt even award it to the company operating the club!

Really do worry that the FL do not understand what has gone on and that the governance of our national game is in the hands of people who are ill equipped to govern and lacking in desire to put robust protection of the game and its administration to safeguard the fans game

It is time they realised who gives the sport any basis at all - the fans
 
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Snozz_is_god

New Member
This statement:

"Tho this will be against backdrop of the club having had 10pts deducted for failing to achieve CVA due to former landlord's actions"

Makes me think the football league were not impartial.
 

Grappa

Well-Known Member
the amendments never got included by Appleton but my understanding is that the whole basis of the CVA is disputed by ACL. The rent deal amendments were a commercial decision to try to draw a line under everything

Sorry if I'm being thick but the 2 choices appeared to be a) accept CVA with amendments or b) accept (or decline) CVA. If they were going to accept the CVA if their amendments were taken on board, why would they now dispute the whole basis of the CVA if they were willing to accept it with the amendments?
 

luwalla

Well-Known Member
Really do worry that the FL do not understand what has gone on and that the governance of our national game is in the hands of people who ill equipped to govern and lacking in desire to put robust protection of the game and its administration to safeguard the fans game

ohh they understand fully whats gone on.. but it just suits them to pretend that this was all down to the ricoh owners!

dont get me wrong, ive said all along that ACL & the council have a major part in the current situation.. but the league are playing on that to cover up this whole mess, where different companies were running the club , receiving payments from them, in admin, in liquidation, holding the golden share etc. It is their lack of control that has led to where we are.. and for them to admit that would make them look like the incompetent organization that they are.. so they just want to sweep it all under the carpet
 

oldskyblue58

CCFC Finance Director
They always did dispute the basis of the CVA but to try get a commercial resolution going forward they could live with they put forward the rent deal. Appleton refused to include that or any of the other items put forward in the CVA. the rent deal was a commercial decision in ACL eyes to put it all to bed. It does not imply that they agreed the basis as such, more it is they could have gone with closing it all down if the rent had been agreed. Think ACL are well aware it has nothing to do with the rent though for sisu
 
@Lesreidpolitics: BREAKING: League letter to Ainsworth MP: "We'll continue our endeavours to get #CCFC playing in home city at earliest opportunity".. 1/3

@Lesreidpolitics: 2/3 "Tho this will be against backdrop of the club having had 10pts deducted for failing to achieve CVA due to former landlord's actions"..

@Lesreidpolitics: 3/3 "It's categorically not the case the League failed to apply its own rules as the board retains the right to permit clubs to move ground"

Sounds like Fisher drafted that for them.
 

covmark

Well-Known Member
Tbh I'm sick to the back teeth of all this bull, sisu, ACL, football league can all just drop dead for all I care.My love of football and ccfc in particular is quickly evaporating :(
 

Spionkop

New Member
It is beyond me how anyone could even begin to try and say Sisu had any worth, any credit, any truth at all. Just lie after lie.
The League are worst than hopeless.
I had another standard reply today from Adam Pomfrett. I'd written to Greg Clark, posted it. & enclosed Adrian Durham's article from The Daily Mail two weeks ago.
Politely I outlined about ten basic points where Sisu had and still were contravening League rules.
Their reply was basically, we can't interfere.
I really despair.
And people on here, I don't know whether they are being wilfully contrary and looking to wind people up, actually give credence to Fisher.
ACL have tried and tried. They haven't been paid. They dropped the rent, again and then again. And still people want them to hand over the ground to a bunch of crooks?
A bunch of crooks who have taken our team from us. Unbelievable.
 

Grappa

Well-Known Member
...And people on here, I don't know whether they are being wilfully contrary and looking to wind people up, actually give credence to Fisher.
ACL have tried and tried. They haven't been paid. They dropped the rent, again and then again. And still people want them to hand over the ground to a bunch of crooks?
A bunch of crooks who have taken our team from us. Unbelievable.

Here's a thought, and I realise it might seem outrageous, but maybe people don't all think the same way as you do.
 

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