If HMRC had accepted it then the CVA would have been over the 66% threshold needed for the CVA to go through. As a general rule HMRC never accept CVA's due to the football creditors first rule.
I find it funny that the "meeting" Nikki Sinclaire had last week she said that positive steps had been moved towards bringing the club back to Coventry.
Then Tim Fisher today comes out with his "we won't talk to them until we get our ball back".
The football league had an emergency board meeting to discuss the groundshare proposal where one of the considerations was the plans to return to the City.
Did this not happen then? Also his comments make the £1m bond decision even more bizarre.
I read somewhere that the Coventry Bears (Rugby League) club were pushing for a big investment over the next few years with aims to joining the Super League. Wonder if they might be interested.
There was some sort of meeting today:
http://www.itv.com/news/central/update/2013-08-08/euro-mp-positive-steps-being-made-to-keep-the-sky-blues-in-coventry/
I think anyone who thinks ACL haven't played their part in this whole escapade is deluded.
I also think that anyone who thinks SISU aren't the majority party to blame is deluded.