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Yer, i have a feeling this might be pretty spot on. Something doesn't sit right with me that SISU would try to pull off an excuse like 'No the Golden Share is with CCFCHL' without some evidence...

I think more than anything the FL want everyone who starts a season to finish it. In Pompey's case, the FL probably feel a little embarrassed that their 'Fit and Proper' persons test let various lunatics run the club, so are keen to get their Trust as owners.

Considering how the FL have bent over backwards to help Portsmouth (who fked over local businesses, charities and HMRC and are STILL to be docked any points this season), I'd be more than a little irked if they 'made an example' of us!!

Les Reid ‏@Lesreidpolitics 1m #ACL "hoping" #SISU/arvo appointed administror paves way for club takeover for now doesn't rule out other future legal action @covtelegraph

Les Reid ‏@Lesreidpolitics 2m BREAKING: #ACL lawyer Powell wouldn't be drawn on if #SISU now had whiphand as #CCFC main creditor with its chosen adminstrr @covtelegraph .. He said #ACL would hope any assets wrongly in,or transferred to, #CCFC (holdings) Ltd could be claimed back by adminstatr...

and looks like finally for the mo "Les Reid ‏@Lesreidpolitics 2m .."That could bring financial stability & future success for Coventry City." END of James Powell #ACL lawyer quotes @covtelegraph"

And there's more... Les Reid ‏@Lesreidpolitics 3m .. #ACL lawyer Powell Cont.. "we'll keep keen eye on administrator appointed by arvo, which is SISU & Joy Sepalla.Our focus.. @covtelegraph (more) "..shifts onto this administrator doing good job. Admin gives best opportunity to a prospective...

Les Reid ‏@Lesreidpolitics 6s ..(Cont) "it's outdated.My understanding is players' registratns should b where where the co with the share rests, #CCFC Ltd" (let me know if you want me to stop reposting the twitter updates)

Les Reid ‏@Lesreidpolitics 1m .. (Cont.).. "The administrator came back with a report which,from #ACL's view,has a number of inaccuracies& inconsistencies"

Les Reid ‏@Lesreidpolitics 1m ... JP adds: "CCFC Ltd is not a non-operating subsidiary as club claims.Club exists where FL & FA shares rest, with CCFC Ltd"

Les Reid ‏@Lesreidpolitics 1m .. JP continues: "There were inconsistencies in statements from the club. It's clear to us the whole club is in admin." @covtelegraph ...

Les Reid ‏@Lesreidpolitics 3m ..more JP: "We held off our application for a few days to get to the bottom of key issues inc. FL shares.We're grateful to FL @covtelegraph

..(3of3) JP adds:"They (arvo/SISU) as debenture holder with a qualifying floating charge are able to appoint an administrator @covtelegraph

.. (2 of 3) Powell: "The FA also confirmed the FA share is with #CCFC Ltd. That co. is in admin, with administratr appointed by Joy Sepalla"

More from #ACL lawyer James Powell: "We had a letter from Football League confirming share is with #CCFC Ltd." ... (1of3)

"Les Reid ‏@Lesreidpolitics 2m BREAKING (more)..But he said #ACL would focus on #CCFC's administrator "undertaking their duties", with a view to a takeover @covtelegraph Expand BREAKING: #ACL lawyer James Powell tells me it accepts #CCFC #sisu / Arvo appointed administrator P.Appleton should...

To be honest, he could bring in Doug Ellis as Chairman and I wouldn't give a flying! This is one rumour i'd love PWKH to respond to...

And is also doing a good impression of a broken record.

From May 18 2012 - "COVENTRY City have moved to quash internet rumours that the club are facing a ten-point deduction if they don’t file their accounts by the end of the month. Such a penalty is imposed by the Football League if a club goes into administration. Clubs who fail to file their...

So SISU had this scenario covered a year ago when ARVO's charge over the club was introduced... I'll have to dig out the pathetic CET interview of TF at the time to see how he spun the explanation of ARVO...