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so a Judge has stated that the draw down of the Escrow and the £10k per match did not constitute payment of rent. Just a couple of questions 1) where does that leave the administrator who netted off these sums against a debt for rent? 2) how does that affect the FL settlement of £590k that...

Will the club or CT be putting up links to the full text of the judgement?

Surely the loan can be paid off early if required? ACL have previously paid lump sums off the capital so its not unheard of. The valuations given were for ACL not the stadium surely? So from that statement ......... is it time to put up or shut up on the "new stadium". Where is it going to be ?

They will have 21 days in which to submit application for appeal. It will need to be on a point of law, as I understand it no new evidence can be submitted. Does it change much no - we can only hope that it encourages dialogue. SISU will have to consider their next step - to cut and run...

its no great secret it is on Monday. It is on the Court website http://www.justice.gov.uk/courts/court-lists/list-birmingham 10.00 HANDING DOWN OF JUDGMENT CO/4432/2013 The Queen on the application of Sky Blue Sports & Leisure Limited v Coventry City Council btw its not on the Council or...

Have to confess not been to many concerts recently so going to show my age........... Bowie at MK Bowl U2 at MK Bowl Tina Turner at NEC Queen at NEC The Specials at various places in Cov - just because there was a buzz around the city at the time

I would think that no one is allowed to publish the result before the Judge hands it down...... I suspect it would be contempt of court. Just have to wait till Monday and not read anything in to no one has yet published

First off I cant fault KCIC for at least trying something. Question It has never made short term financial sense for the Club to stay at Sixfields, but the move has never been about the needs of the club. So by offering the club a short rent way back to the Ricoh (that was available to SISU...

Surely the first thing that needs to be established is in the contract between Otium and FL what was the £590k described as. If it is "rent" then how do Otium legally have an obligation to pay a debt that is not theirs in law and they did not acquire from the administrator? What was the basis...

You can almost see the court case approaching cant you .............................. :whistle:

Just to confuse things further the G2 of the FL insolvency policy says "those debts that are required to be paid in full (or payment secured in full) in all circumstances are"................. "G2. 3 such other sums as are required to be paid by the League, FIFA, UEFA or the Football...

yes fp it was football investors that Higgs bought the share in

you would have to think that There is no legal entity CCFC it is just a trading name of Otium. Therefore any damages if awarded would go to the parties on the legal papers. These are ARVO and SBS&L (CCFCH were on it but are now dissolved so couldn't claim). The rights I suppose might be...

maybe not valued by the CCFC board but the Charity would have had to value them in order to get Charity Commission approval

I am sure there was some detailed calculations of value done fp but bottom line is that there were debts coming up for payment and the £6m cleared those. No reason why the value of investments cant go up and down but at the end of the day if the owner has a figure in mind but doesn't need to...

"The 2003 experiment of separating a club from stadium revenues simply didn’t work." it wasn't an experiment though was it ............ it was a fire fighting exercise to stop the club going bust. The club ended up with no income rights because it sold them for apparently much more than they...

If SISU have suffered financial loss because of the actions or inactions of another then they are entitled to make a claim through the courts for damages. The last claim they made however (higgs case) was dismissed by the judge as having no basis in law The repay by ACL if CCC lose the case...

Doesn't the club leaving point to what I said though when dealing with football clubs proper financial sense goes out the window. There is only so many times going to the financial well or taking the financial hits. No one thinks a club will disappear, its emotion over head and a reliance on the...

I think you are most probably right in that

I thought the valuation was done in mid 2012 - I would have thought the risk was certainly increasing at that time, relegation, rent dispute draw down of all Escrow, guarantors reluctance etc. There were stories floating around about suppliers not being paid but to be fair there were no claims...