Charity statement on court case (3 Viewers)

oldskyblue58

CCFC Finance Director
from the charity website http://www.higgscharity.org.uk/high-court-decision/


The Trustees are disappointed at the decision not to allow its claim for £29,000 for fees incurred. The Trustees are however pleased that the counterclaim for £290,000 was dismissed as "hopeless" and that the judge made plain that the criticisms made by Sisu of the Trustees' conduct were "misplaced and unfortunate allegations". The Trustees were duty bound to pursue their claim and defend Sisu's counterclaim in order to protect the Charity's funds.

Given the judge's decisions each party agreed to meet their own costs
 

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duffer

Well-Known Member
Given that it was SISU and not CCFC that incurred costs it would be nice to know if they've paid it or it's been lumped onto our debt.

They'll offer the QC a third of the bill and when he doesn't take it, walk away. ;)
 

Grendel

Well-Known Member
Higgs paying their costs? WHAT ABOUT THE CHILDREN.
 

Grendel

Well-Known Member
Why would you give a fuck anyway you hate the charity as much as CCC.

I am totally disentrested in them. They persued an action against another organisation that a court of law deemed was not owed, not very charitable.
 

Brighton Sky Blue

Well-Known Member
I am totally disentrested in them. They persued an action against another organisation that a court of law deemed was not owed, not very charitable.

They bailed out a failing football club to the tune of £6m so it would avoid self-inflicted administration, sounds quite generous to me.
 

letsallsingtogether

Well-Known Member
Who in turn tried to take a whole years funding off them to try and bankrupt them?




I am totally disentrested in them. They persued an action against another organisation that a court of law deemed was not owed, not very charitable.
 
D

Deleted member 5849

Guest
They bailed out a failing football club to the tune of £6m so it would avoid self-inflicted administration, sounds quite generous to me.

There's one thing in that that always made me slightly uncomfortable however, and if the desire to avoid administration was actually to the benefit of the club... or the shareholders at the time.

I'd suspect the latter.

A club in administration that owned an option to buy back Highfield Road, and a stake in an (albeit convoluted) setup for a new stadium, would be infinitely more saleable and attractive.

But maybe not helpful to those who owned it at the time than muddling on.
 

Nick

Administrator
You do a good enough PR job for Sisu as it is Nick. Don't be shy about it.

Of course, don't you remember me from pr school? You went off to do the advertising for scope didn't you? Wasted really as you are a great advert for contraception.
 

Brighton Sky Blue

Well-Known Member
There's one thing in that that always made me slightly uncomfortable however, and if the desire to avoid administration was actually to the benefit of the club... or the shareholders at the time.

I'd suspect the latter.

A club in administration that owned an option to buy back Highfield Road, and a stake in an (albeit convoluted) setup for a new stadium, would be infinitely more saleable and attractive.

But maybe not helpful to those who owned it at the time than muddling on.

Perhaps it was part of a desperate attempt to retain power rather than some other buyer coming in. It's very easy to look back more than 10 years on and say they made a mistake selling it-for all we know there may not have been any interested parties and that £6m kept the club in business.

My point was the charity stumped up that amount in the belief that they were preserving the club, which most certainly is 'charitable' in my eyes.
 

lordsummerisle

Well-Known Member
Perhaps it was part of a desperate attempt to retain power rather than some other buyer coming in. It's very easy to look back more than 10 years on and say they made a mistake selling it-for all we know there may not have been any interested parties and that £6m kept the club in business.

My point was the charity stumped up that amount in the belief that they were preserving the club, which most certainly is 'charitable' in my eyes.

But within the charitable aims of the founder?

Keeping multi-millionaire owners and players of a failing football club from having to lose money surely not his original intention?
 
D

Deleted member 5849

Guest
My point was the charity stumped up that amount in the belief that they were preserving the club, which most certainly is 'charitable' in my eyes.

My question has always been why a charity loaned money to a loss making basket case of a football club in the first place!
 

Nick

Administrator
My question has always been why a charity loaned money to a loss making basket case of a football club in the first place!

Hate to say it but isn't the answer due dilligence? Clearly their own fault.




(By the workings out of most of the sisu haters, I don't believe this)
 

Brighton Sky Blue

Well-Known Member
But within the charitable aims of the founder?

Keeping multi-millionaire owners and players of a failing football club from having to lose money surely not his original intention?

Suppose if the club had gone out of existence it would've had a hugely negative impact on the city which is how they would've justified it.
 

Brighton Sky Blue

Well-Known Member
My question has always been why a charity loaned money to a loss making basket case of a football club in the first place!

Again, retrospect helps us a lot here-maybe at the time the charity genuinely expected the club to be able to buy the share back quickly. I was only 12/13 at the time!
 

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