Search results

We really hoped we could start the new season back at the Ricoh but with sisu not engaging in negotiation, the Football League as much use as a chocolate teapot and acl drawing a line in the sand over the £590,000 owed by sisu, it looks inevitable after this week that the Northampton fiasco will...

It will be too late by then. I assure you that.

I think we are the only bad luck fans when a company has ever gone into admin that the same company came out with the club that put it into admin. I thought the whole point of the admin process was to find new sustainable owners or am I living in a crazy world? Sorry it's just one thing that's...

No I said as fans we have to assume the two payments are different as we have been told no different and until we are we have to go with it's 590k. Only takes a small statement from the FL to confirm the amount which is so easy. I suggest the fact they haven't Grendel means talks are...

The way I look at it is, is it really it is that easy to come out and say "yes it's 590k and will be paid then" the fact they haven't done this seems to suggest something is going on behind the scenes to sort it out.

Which bit Grendel?

After reading the statement for the millionth time I can only assume what simon gilbert said may have some truth. What's to stop the FL and sisu using the 590k as a "bargaining chip" to return to the Ricoh? Sisu could say "here's your money but we want rent free at the Ricoh for 1-2...

ACL ran dry the escrow account first although I don't think it had 500k in it when sisu stopped legally paying rent. Mm and gr then paid 300k as part of the 500k they signed up for. 2 different payments to my knowledge RT.

In everyone's opinion Robo. I think behind the scenes it's quite clear sisu and the FL are talking about how to do this that benefits both of them. They are working on a plan together IMO to get themselves out of this as it won't just go away.

So true. Liquidation is next to happen. Assets have already been sold. The club won't exist in 3 years time or less unless they change their stance and see sense. Only one party can save ccfc.

Simple really isn't it. Robo, it's just the way it is. ACL were and are entitled to the figures you set out. 300k from MM and GR 500k escrow account for 2012-2013 season match day costs. 590k from sisu for obligation to stay in the league.

I assume this is the amount is the escrow account that ACL referred to today. To suggest ACL are only owned 90k is and has made me laugh a lot. Why can't people comprehend ACL are Owed 590k from sisu and sisu only. It's not fucking rocket science guys Jesus. So what you're suggesting...

You know what I meant. Another poster called it false anyway. 590k is owed. Simples as that.

It's not reported it's a fact. See link above. Even your beloved ML agrees it's the deal.

Nothing has been stated otherwise so we shall all assume it's still 590k. End of. If The FL come out and say it's 290k now then fine we all know it's 290k but they haven't and so it's still 590k until told otherwise. The reason it's so big is because it's a stumbling block to coming home...

http://www.coventrytelegraph.net/news/coventry-news/coventry-city-official-insists-club-7087138

For once and for all the 300k is nothing to do with the 590k. The 300k was a payment made for "loss of earnings" and nothing to do with the 590k to stay in the league. Please end the talk on this easy subject any more. It's wrong. (Before any one says oh where is the link where it...

thats all the assets sold off,money syphoned off into sub companies,liquidation so as to avoid paying creditors full whack.then debt held against CCFC to be written up to offset corporate tax. oh the fun of being owned by a hedge fund. A comment taken from CT and I think rings so true. It's...

Rob, the deadline was clearly 31st may 2014 and it hasn't been paid so how can you say there won't be points deductions is beyond me. ACL just want their money that is owed. This isn't siding with ACL it's just a matter of fact they are owed 590k and it hasn't been paid to the deadline...

A couple of issues. When asked a few moths ago about the 590k didn't ML reply "we have an agreement in place and under no circumstances will it be breached" or something like that? He has gone very quiet and hopefully now he realises why we were so concerned with it. Also it looks...