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  1. oldskyblue58

    Les Reid interviewing Greg Clark today

    Aside from the perhaps obvious ones of "why is it everyone elses fault and the FL have to remain out of this" or "do you think that the image of the FL has been tarnished under your leadership" or "when will the FL grow some and actually govern" one final one If the FL made a mistake in...
  2. oldskyblue58

    Les Reid interviewing Greg Clark today

    What is the point of having published regulations when they are wholly dependent on the "discretion of the Board" Will he publish the full details, regulations, policies and guidance for the FFP & SMCP if not why not ? Will he commit to a more rigorous "owners & directors" test that the FL...
  3. oldskyblue58

    SISU Appeal Judicial Review

    I am not alluding anything of the sort. Bottom line is CCFC Ltd will be liquidated and after the professional costs involved ACL will recieve very little if anything at all. The article seems to imply the club will pay ACL £590k it wont and does not need to. Administration can not end a lease...
  4. oldskyblue58

    Bob Ainsworth - Letter from Companies House

    No I dont think they have filed Co House says still outstanding. They achieved a suspension of the action to strike off pending filing of accounts. It also doesnt stop fines being imposed on company or its directors later So the FL give the share to a company that in theory could still be...
  5. oldskyblue58

    Bob Ainsworth - Letter from Companies House

    In answer to shmmee query in a general sense not particular to any limited company, it is any information as to the conduct of the company or its directors that someone might feel breaks the duties under the Company Act 2006. These might help...
  6. oldskyblue58

    SISU Appeal Judicial Review

    i do not think that means that they pay it any way, it means that before they gave Otium the share they had to agree to honour the CVA when it went through..... it is a standard clause in the Football Leagues insolvency policy.
  7. oldskyblue58

    SISU Appeal Judicial Review

    Got no way of forcing that to happen as it is CCFC Ltd that owes ACL.............. CCFC Ltd is no longer a member of the football league......... and FL have already issued share and deducted points they are not going to be able to back track on that
  8. oldskyblue58

    SISU Appeal Judicial Review

    the appeal itself is no real surprise..... having chosen this route they have to follow it through ..... it is an oral hearing to get leave to take appeal court..... it could just as easily be thrown out again. One thing the JR has proven is that JS does not win everytime she goes to court...
  9. oldskyblue58

    SISU Appeal Judicial Review

    Has nothing to do with the FL. the £1.5m was derived from the bidding process that was held by Mr Appleton The rest is about complying with the Insolvency Act 1986
  10. oldskyblue58

    SISU Appeal Judicial Review

    Just to do the maths under the CVA ACL get 590K out of the £1.5m paid by Otium because the SISU related debts are written off If the CVA rejected then the SISU related debts are not written off and the remaining pot is divided between all the creditors including SISU related companies the...
  11. oldskyblue58

    SISU Appeal Judicial Review

    "It also reveals for the first time that ACL can still expect a £590,000 return on the Sky Blues rent non-payment and cancellation of the Ricoh lease - even though CCFC Ltd is now heading for liquidation." It didnt say that in the BA letter yesterday at all. Appleton said if it went to...
  12. oldskyblue58

    50+1 Fan Control of club

    its got to be for sale first and CCFC isnt according to TF/ML etc ...... so fans ownership this moment is not something achievable........ should there be plans to get involved yes but that will depend on having owners open to the idea and being able to outbid other potential buyers As for a...
  13. oldskyblue58

    Breaking news - league letter to Ainsworth

    I think many were wrapped up in the relief of being saved in 2008 to look behind the facade of being saved by a hedge fund. Was saying then be careful what you wish for. Right now all options are still there even if some will take a lot of bargaining and perhaps shifting in who owns what. They...
  14. oldskyblue58

    A name change?

    That latest letter from FL to Ainsworth says specifically " we will continue with our endeavours to get the club playing in its home city at the earliest opportunity" have the FL shifted the goal posts again before it was in the connurbation, and TF saying in the Coventry area If thats the...
  15. oldskyblue58

    A name change?

    I would have thought they have created circumstances where they could become a franchise club...... a name change could therefore be possible..... will it happen I have no idea
  16. oldskyblue58

    new sponsor

    I would guess it might be a SISU related entity and will be done by writing off part of the debt. That way debt they will never get back is reduced (looks good on balance sheet - can always get back in interest later) and the sponsorship "income"will be counted in the SMCP calculation Of...
  17. oldskyblue58

    Is the FL pointing the finger at Appleton ?

    Why? the Football League had already accepted from 22/03/13 that CCFC H could run the football club...... at their discretion they could have left that situation until the mess had been sorted out and could have been putting real pressure on to get it sorted...... instead they went for path of...
  18. oldskyblue58

    Football League New Company rules

    Questions - is giving the golden share to Otium a New Co situation in the Football League Insolvency policy?. What is different to say the Rangers situation in Scotland ? (to be clear I have no desire to see CCFC relegated 3 divisions) Otium is a brand new company in that it has never traded...
  19. oldskyblue58

    Club debt

    Hard to give an exact figure but you have to look at the debt of the whole Sky Blues Sports & Leisure Group Ltd. As of 31/05/11 that Group owed SISU 29.7m that wont have been altered by the administration or Otium. Per the administration ARVO Master fund was owed 10.75m by the group. Otium have...
  20. oldskyblue58

    Is the FL pointing the finger at Appleton ?

    Personally I think the lettters issued are an attempt to deflect the blame on to anyone other than themselves I think it is quite telling that despite the many questions regarding the rules/regulations of the FL there is basically a one line answer to all "for the record it is categorically...
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