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  1. T

    Where to protest. Leadership needed

    IMHO leave Northampton alone and go to the Ricoh and support the charity match and the local businesses in Coventry. Protest will do nothing to SISU. The only way to 'hit' them is through their pockets by not going Northampton. The media aren't interested in our plight. Sky proved that with...
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    ACL Statement

    You need to be careful as to what people are being accused of... I have worked with administrators a lot over the last 12 months. Things are never as clear cut as they may appear. Before I'm accused as being on SISU's side - I'm not however... Moving assets from one company to another isn't...
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    The ball is now firmly with ACL and the Council

    I have to disagree with this VoR. There are two parties to any agreement. Agreements are made (usually) after negotiation. I don't see much evidence that SISU want to agree to or negotiate anything.
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    Baker, Clarke & Murphy Told To Go

    I understood that FFP is more complex than just using last year's figures. This news has broken after the club have knowledge of season ticket sales - or lack of them... I heard that clubs have to provide a forecast and monthly management accounts, proof that HMRC have been paid etc to the...
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    Tim Fisher talking like a cat with a strawberry flavoured arse and The Business Cycle

    I disagree. The best thing for ACL is to start to 'distress' SISU (through Otium). To do this the club HAVE to play at Sixfields. There will virtually no revenue and the impact will be felt by permanent transfer embargos and a rapidly dwindling turnover and wage budget. I understand that...
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    ACL - played hardball and lost!

    Where do get the fact that SISU have lost £60m? It is understood that they acuquired £30m of 'debt' at a vastly reduced price when they bought the club. Also, their debt was funnelled through a multi-tier corporate structure. If CCFC go into liquidation they lose very little as the debt still...
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    why can't we file accounts?

    OK, I must be mistaken. I thought ACL applied to the court for third party debt orders in Feb 2013. The move to put the club into receivership (I thought) happened later. The reason the auditor's might refuse to sign the accounts doesn't really matter. If they're not approved by the auditors...
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    why can't we file accounts?

    This is true however, the accounts were due to be filed before CCFC went in to administration. The transfer embargo was put in place because the accounts weren't filed. Quite simply the accounts have to certified by Auditors before they can be filed. It seems that the company's auditors have...
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    Ann Lucas plea to Joy Seppala

    Spot on! How many meetings with ACL did Seppala send Fisher et al to - people who couldn't actually do a deal? And when they did Seppala went back on on it. With less than 300 season tickets sole they're in complete meltdown. Revenue for the club at Sixfields could be under £1m which would...
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    Coventry City v Bristol City

    If I were ACL I'd only agree to a long-term lease as a condition to signing the CVA... No move to a new stadium at all.
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    Discussions - just an opinion

    There are two fundamental reasons that SISU have agreed to talk to ACL. Firstly, they want the CVA signed. Up until now ACL have refused to do this. SISU aren't stupid. I believe the second reason is the lack of season ticket sales is such a big problem that that their investors won't fund...
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    Telegraph says we have bought the Brandon speedway site.

    It all seems smoke and mirrors to me. SISU put down £1m on a site where there are tennants for the next four year. Developing a stadium would take up to two years which means they buy 6 years for ACL to fail without them... If they move back to the Ricoh if ACL fail then they grant another...
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    Warring parties secret talks in last-ditch attempt to keep Sky Blues in Coventry

    In itself this article seems to be good news. But Seppala wants ACL to sign the CVA before a second round of negotiations. With Seppala not being present then CCFC's attendees won't be able to agree to anything. It seems to me that ACL should insist on a long term lease in return for...
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    Why can't the accounts be submitted??

    Most likely because the auditors won't sign them off... As for CCFC Ltd, if a company is going into administration if is unlikely you would file accounts...
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    Statement finally released

    ACL are not obliged to sign. Unlike SISU who were under a legal obligation to pay the rent and chose not to pay, ACL are able to chose whether they sign. It seems they refused - good for them as they're not being bullied by SISU. If I were ACL I would accept the CVA if the club agree a new...
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    Bomb Squad not even allowed treatment?

    Do you think that SISU would offer him anywhere near any 'contractual' release fee? With their negotiation skills in the 'do what we tell you at the price we say..' I can't imagine the club's offer will be anywhere near contractual obligations. The way the bomb squad have been treated, they're...
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    season tickets now on sale

    Yes, do be careful if you're buying. Use a credit card. I had a quick read of the terms and conditions. I couldn't find a definition of 'The Club'. So be aware that you might not know which company (or who) your contract is with... You have been warned.
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    season tickets now on sale

    It seems very unwise to buy at the moment. Does anyone know who is selling the tickets? Which company? This whole mess will end in legals. By buying tickets now you might end up being an unsecured creditor of another bankrupt company or one that doesn't have the Football League share. I...
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    Transfer Embargo!!

    Quite right. I'm not convinced that exiting administration would lift the embargo as TF suggests because I understand multiple companies in the Coventry City Group are late in filing accounts.
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    ACL on CWR after 9am this morning

    You're spot on with this comment. However SISU want to dress things up there seems to be a case to answer as to how CCFC Ltd lost it's trading status and assets without there being word from the Company. BDO are silent because this is potentially huge for them as their ability to properly...
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