Search results

Can accept unenforceable gregor_gee :) but it isnt about how much it is about imo was there a contract in the first place, so in the context of contract law then it breaches that law in sisu's eyes

My guess is, and it is only guess, is that they will seek to prove that those who originally signed the lease didn't have the knowledge, authority or power to do so and therefore the club have been wrongly or over charged from the beginning. That is a basis they could dispute that the current...

My understanding is that the judge will require proof of CCFC's financial state now, assets available, all liabilities, timing of payments to be made, sources of immediate finance etc. He can not make an assessment if he doesn't know CCFC's liabilities, how and when those liabilities will be...

Never said the quantum of the rent to be unlawful i said they would seek to prove the contract was unlawful when it was signed....... i will leave you to figure out the implications of that in respect of what has been paid, who would be liable to repay, and the effect on that company, but i...

my best guess is that this wont be settled before end of season and that any points deduction will be next season....... end of season is what ? ..........7 weeks time, in legal terms that is not long........ and administration is far from certain at this time

it is certainly a thought grego_gee, but it relies on their view that ACL are dead in the water without CCFC ...... guess only time will tell if they are successful where do they play ? it wont be the Ricoh because i do not think ACL are dead in the water, but equally I dont believe it is...

Got to remember grego_gee that SISU are not used to losing even when odds are against...... i dont think those 50:50 odds would phase them. Plus they are the defendant of the petition so had no real choice on the timing. Not sure what difference basing action on ARVo would do. They are already...

SISU have been in similar positions but not the same position before BB ......... it isn't the directors of either company in court it is the specialists that each side have brought in that are. Having been involved in potential court battles before I was always told the odds on outcome at...

Likely outcome on Friday is it is adjourned. Suits SISU to string it out, it is highly likely that there will be detailed legal argument for the judge to go away and study, If SISU stump up money by depositing it with the court then ACL will argue that it doesn't prove solvency. I just do not...

What this isnt is an assessment of the worth of SISU. It is a hearing at which CCFC will have to prove its solvency. CCFC will have to disclose all assets and all foreseeable liabilities. That will include the rent debt and reasons why it is not due and what SISU are doing to cover its effects...

Actually the income streams discussions or those on rent do not come into it either. There is no agreement and any agreement verbally given was subsequently rejected by SISU in writing. The court will consider whether or not the club is solvent on current facts and agreements not on what may or...

no it demonstrates that they made a business concession to. assist the clubs financial state..... that was rejected...... it isn't binding nor does it prove there is a flaw in the rental contract or licence.................... so the original contract currently stands.

the thing i find more frustrating than anything else is a lot of the points i made in the original post could have been achieved 5 years ago had the parties worked together instead of increasing acrimonious argument leading to a potential administration. It might or might not hit...

well acl got judgement on the debt in august then the statutory demand went unchallenged in December and remains outstanding which is evidence the judge would consider........ SISU might be able to prove it is not valid but have failed to do so to date as far as we know. If it stands then it is...

So they will have to prove that it will pay all its debts as they fall due then ? (one of the tests of insolvency) :thinking about:

depends how it is structured but the first thing to get in place is the income streams........... that is all the income streams not just the matchday ones. There are many ways to structure it and it works....... depends on ACL's willingness to deal but also the ability of owners to run the club...

Fair points ....... just thought there were reasons to lift the gloom :)

I think part of what i was trying to get across is that there are options...... a lot more options than people tend to think. What i have detailed are only some. What it does allow is that - the investor pool doesn't have to be billionaires only - it doesn't have to be all in one go - it...

Just thoughts that have come to mind. Not saying they are anything more than something to think about. The way i look at it what follows should be viewed generally as positive There are a number of problems faced by all the parties involved ....... SISU as owners Well the continuance of SISU...

have heard of it ............... what are the rules, where do i find out more ?:whistle: