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I agree SISU can argue they have tried, so long as EFL doesn't actually dig too deeply. But there are subsequent statements from Sharpe that CRFC wont deal with SISU and as they are in control of CCFC its hard to see that the SISU argument stands up to proper scrutiny. He also states that they...

I would qualify the "if we don't go up this season it isn't a problem". If we don't go up having been part of the play offs it is possibly not a problem. However if we fail to reach those play offs I think the knock on effect will be to make the finances much harder next season and potentially...

Whilst I have not a jot of sympathy for SISU, Seppala or Fisher it is not as simple as the owners throwing money in to the team. I saw Burton mentioned on another thread so took a look at their financials. Bear in mind that CCFC turnover could easily be 4.5m this season. Burton got promoted as...

Aside from not picking up any points from a match that on the face of it should have been winnable for me the big concern is the loss of three defenders injured. Defence has been the strength so far. Worrying. Perhaps it might necessitate a change of focus and we go at opponents from the off...

If MR is content or happy with the squad and believes it can do the job for this season then so am I. He has to walk a fine line between the quality of the squad and the financial restraints. Looks to me like he has done that pretty well

For me its keep it as it is I think we need something that points to ambition rather than mediocrity (we have had far too much of that), in any case we might get Tottenham or Chelsea in the cup ;)

to which the reply could be "whose name is on the JR2 papers?" But I agree the later it is left the more the pressure and the less negotiation available. But is that in the club's control or Wasps Also leaving this to the mediator to settle as suggested by JHW doesn't actually help Otium t/a...

Good luck to the lads today. This is winnable. 1:2 win with mcnulty & biamou to score

Neither Otium/SBS&L nor Wasps Holdings are currently late in filing. Due dates are 28/02/2018 and 31/03/2018 Wasps Finance PLC a subsidiary of Wasps Holdings is late because PLC's file their accounts within 6 months of the year end not 9 months as is the case for a private limited company. The...

CT still misunderstands some of the terms and figures. No surprise there

I think they mean 0.2% of the face value of those that voted for the amendments

the bond amendments have been approved

Yes it is. Not proof on its own but it could be seen as an indicator as to where control is. To add to the other indicators

Guidance on persons with significant control (PSC) is here https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/621687/psc-statutory-guidance-companies.pdf Is SISU or Seppala an investment advisor to SBS&L and therefore excepted? I would have thought that relationship was...

The club received 3.5m in advance of the sale of Prozone from the purchasers. This was subsequently cleared when Prozone was sold. The charge registered was secured on the shares in Prozone From the 2011 SBS&L accounts Assuming there were no clawback or retention clauses in the sale contract...

Cant file until they get the motions approved at the bondholders meeting because the accounts are not signed off until that is resolved. Somewhat different situation. Neither satisfactory And Les Reid was suggested because SISU/SBS&L/OTIUM don't talk to the CT But then you know all that...

Never has happened in the past. The players are registered as assets to otium so any sale etc has to be accounted for through otium. Sbs&l accounts show no income

Basically amateur hour. No great conspiracy or reorganisation of the group. Just missed paperwork Firstly the confirmation statement should have been filed within 14 days of the due date. You get a reminder sent from Companies House to the registered office. Followed by at least one if it...

the debt converted to preference shares is in Otium 65m the ones SBS&L own I believe are charged to ARVO in theory SBS&L is liable for the court costs of the JR1 claim and CCC joint and severally with ARVO. So not hidden as such but I don't see how SBS&L pay it with no income. So it could be to...

Mentioned that the confirmation statement was late end of last year. Companies House are a lot stricter on time limits and will proceed to striking off if forms not filed It shouldn't affect Otium as the Otium debt is to ARVO. However given SBS&L has been a main claimant in all legals so far...