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money - pink floyd "Money Well, get back I'm all right Jack Keep your hands off of my stack Money It's a hit Don't give me that do goody good bullshit " edit apologies to speedie87 - i missed that you had already suggested it

I need a dollar - Aloe Black ?

Written off to equity to me means converted to shares of some description. There is no evidence this has happened although the facility to do so has been filed The Administrator said to the court there is £60m in debts outstanding not £60m of debt and equity. What has been said points to no...

I posted on this yesterday ........ This is what I think went on SISU have funded SBS&L directly who hasve then funded the rest of the group including Prozone when they owned it THe £60m "owed " by CCFC Limited is in two sections ....... £35m or so of it is equal to the creditors that SISU...

I would guess the FL is having to deal with the legal stuff from CCFC for starters..... they are going to make sure they are on solid ground legally before they say anything

The responsibility for fulfilling the fixture is CCFC's not ACL or the administrator ACL havent said wont meet, only that 9am was not convenient, - the directors will have other meetings to attend to relating to other companies/bodies etc and some live some distance away. Not unreasonable on...

Isnt it only the administrator that has the rights to play at the Ricoh .............. so come Friday will it just be him standing on the penalty spot doing keepy uppies :whistle:

Think you sum it up very well MMM

only ever said it was smoke and mirrors Godiva made no claims of illegality. Think everyone would agree SISU never put £60m in to the club

simple answer i do not know what they were told or what other evidence they made their assessment on

thats a fair point isnt it Godiva:thinking about:

It is reasonable to have expected if the creditors were written off in 2008 that this would reflect in the balance sheet of CCFC L and CCFCH at that time (these were creditors of those companies after all). But from 31/05/07 (pre SISU) total creditors of CCFC Limited increased from £31.2m to...

stiill owned by ccfch ............. the money owed to sisu is owed by SBS&L as far as I know but only have info to 31/05/11

Go through the accounts you will see it doesnt all match from one company to the next. In the Group accounts inter company accs contra out ...... have said before the amount SISU have invested is not the creditors in CCFC Ltd but the amount disclosed in the SBS&L accounts. At 31/05/11 - in...

the £60m debt still includes the old debt that was there before SISU arrived. The deal with creditors when SISU came in was to write off £35m of it. That never happened in the CCFC Ltd accounts. So SISU got the benefit of reducing creditors when they took over by £35m but have left the debt...

Take a look at this from the CCFCltd accounts - year end is 31/05 Creditors 2007 £31.2m 2008 £40.2m 2009 £50.1m 2010 £50.0m 2011 £57.2m The takeover of CCFCl by SISU was in January 2008. In the group accounts we are told that to do the deal they wrote off £35m of the creditors...

well if it is true that it sits in ccfc ltd then the administrator now runs that not SISU so I would say so

thoughts so if FL & FA have provided written evidence how is there really a dispute. Both are the regulators of the game. Both operate on the basis of if the paperwork is not received then it hasnt happened (think transfers, refs reports, fixtures, postponements) that applies to all levels of...

Not sure how much that helps BB certainly doesnt make me feel any better thats for sure

just a few thoughts - am glad he made a statement and I welcome it - if the players etc are the property of CCFCH what part of the administrators remit is it to reassure employees of another company that he does not act for - if he sees it as part of his remit(clearly he does) does this...