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  1. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    According to program notes by TF everything has been brought together under one company http://www.coventrycity-mad.co.uk/news/tmnw/slack_use_of_company_names__fisher_807231/index.shtml So which company is it Otium or CCFCH? Because the FL have given the share to Otium havent they? But Fisher...
  2. oldskyblue58

    Les reid's ct article

    It appears the overwhelming public opinion in Coventry is that all sides must come together to "sort it out" - for the good of club and city. he also goes on to say SISU/Otium must/should own the Ricoh ............ why must/should they ? I think the overwhelming feeling is that city fans...
  3. oldskyblue58

    Les reid's ct article

    assuming that CCFC could buy into the income streams of the site - not just from football - why does the club need the freehold? If it had a low rental long lease and ownership of IEC is the freehold necessary for the club? the owners are here long term we are told and lets be honest most...
  4. oldskyblue58

    Les reid's ct article

    That would seem to imply that the deal needs to be fair on all sides to be accepted with no lasting ill will - would it be? Could it be?
  5. oldskyblue58

    Les reid's ct article

    Just a small problem with selling the freehold to CCFC/SISU - ACL still have a lease on it for the next 40 years and with it the rights to income. So just doing a deal on the freehold is not going to do it. Not to mention that to get the rights to income the club needs you dont actually need to...
  6. oldskyblue58

    So what happens to the Ricoh if CCFC don't return?

    Would guess that ACL would have to make sure their business plan was successful without CCFC. Can they do this? only time will tell. ACL would not want to own CCFC long term - even if they did make a tentative first stage bid in the administration process they didnt make a cash bid. Bottom line...
  7. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    Just a question - what is it that would appear to be wrong with this Appleton confirmation reported by the CT ............. "He said the League had confirmed all current players' contracts were in the Holdings company." ............ I thought that contracts and registrations should be with the...
  8. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    No I dont think he is including a rent deal in a new CVA. That would be seperate if at all. Not sure he has the power to do that. He would also be committing Otium to settlement costs at NTFC would he have the power to do that I would not have thought so Equally he has £1.5m to play with...
  9. oldskyblue58

    Why did ACL not accept the CVA?

    Actually contractually ACL were owed far more but it has been mitigated by the administration process We do not have exact figures but this is I think the general situation Rent outstanding circa £1.3m Interest on outstanding rent est £100k drawn down from Escrow account - £536k...
  10. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    the administrator only owes ACL £595k if the that particular CVA proposal is accepted - which included writing off the SBS&L and CCFC H debts - it wasnt. However the CVA was rejected so the £1.5m goes in to the pot for all creditors after PA is paid. That way much of the residue goes back to...
  11. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    But does it remain "flawed"as TF stated when it suited him to depress the value of ACL or have they restructured more than the loans because of this dispute? Was the "flaw" as great as made out? I doubt TF has any real insight in to the ACL Group operation past the due diligence partly...
  12. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    I think what the situation is that ACL have not received anything yet. The CT article reads like they have the money in their bank and they do not So have they received anything from the administration - no Have they received anything directly from the FL - no (usually FL imposed payments come...
  13. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    first off what did you expect them to say ........... "we dont give a damn about the fans" perhaps ? .......... kind of hard when the directors are CCFC fans. The emphasis on doing it for the fans was not something I was entirely comfortable with though I have to admit Good question "do they...
  14. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    well as the ability to operate as a football trade in the FL is dependent on the share you might think that he would need to maximise value for the company that he is appointed to wouldnt you? as far as the £500k goes who knows - SISU do not have a good record of paying ACL do they. Appleton is...
  15. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    except that they havent come out of administration yet
  16. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    Just a thought but if ACL have alternatives, or are confident of their immediate future why do ACL have to make any offer? ACL was never set up to represent or act for the fans. Is it a similar situation to the Alan Higgs Centre?, it was the club that approached them not the other way...
  17. oldskyblue58

    Sky Blues administrator: Still time for warring parties to strike up a deal

    I think you have to read what is said very carefully ....... often with all sides, including Appleton, it how it is said or what is not said that is important. Article increases the pressure on ACL it would seem, whilst the FL gets a polite slap on the wrist and SISU/CCFC portrayed more as the...
  18. oldskyblue58

    FFP Ruling / Protests

    FFP has kicked in - we were subject to it last season for starters. Not based on Ricoh turnovers at all this is the reply I had from FL when i raised the question "The pre-season return is based on the clubs’ budgets for the coming season. This is updated mid-season with latest forecast for...
  19. oldskyblue58

    Cost of watching the team

    First off I dont see much evidence of knocking the owners or the club in this thread so far. Just people pointing out the personal financial costs involved which strangely was my point in raising the article i read on BBC website. Yes I compared the cost of Sixfield and Ricoh - but the decision...
  20. oldskyblue58

    Where do things stand now?

    no problem in you putting your view forward chorlton at all..... we dont all see things the same and we need to get things expressed I can see what you are saying but I think it makes some leaps of faith firstly you seem to assume that the aims of SISU are focussed on the football club, you...
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