guess so, I would imagine they're talking to lawyers about their options to recover the balance of the lease but I think they've been outdone here. SISU liquidate ltd, lease is gone, don't have to pay ACL anything as Ltd has no assets - job done.
I find it unbelievable that the FL can even begin to consider an owner fit and proper when they are moving the club out of the city. they also seem to have completely disregarded their own rules just to allow SISU to get away with this.
they've not coming back, they can let the league keep a million or have to fork out 30 million plus on a new stadium. no site, no plans, no planning permission - only way we will ever be back is if new owners take over.
haven't they already transferred out all the assets they want to holdings? sure they'll just liquidate and take another points hit for not having a CVA, not like they care about the football anyway so why would they be bothered about another points deduction.
they might manager 3 or 4K to start with but unless we're having a storming season, which seems very unlikely, I can easily see crowds of under 1K. how many people are going to still make the trip on a Friday night just before Xmas in the freezing cold and snow?
its a law v FL rule situation again. as far as I'm aware you can't legally have a contract to groundshare you would have some form of lease or rental agreement. the FL are the ones that use the groundshare term and they use it to cover all situations where 2 teams are using the same ground so...
the question no one seems able to answer is what happens when they don't build the stadium. lets say 3 years from now they go to the FL and they still don't have planning permission. I'm assuming the FL would give them an extension but at some point surely it becomes clear even to the FL that...
Think TV and radio rights are done by the league not the individual club but the way things seem to be going the league would probably ignore any rule about that as well.
There was a music venue in Brum not too long back that got shut down by the council after complaints from the residents in the flats opposite. Thing is the flats were new, the venue had objected to them being built on the grounds they would get noise complaints, people purchased and moved in...
He's got a point to be fair. you could say the Northampton Town chairman, board etc acted in good faith initially (although a bit of research would have been a good idea) but by now they can be in no doubt what Coventry fans and the rest of the football world think and they aren't coming out of...
the wheelbarrow in Tesco looks a good idea now. they can just wheel it down to Northampton every Friday night / Tuesday night / whenever the hell we play :D
I can see us not moving back. there's no way there will be a new ground built in 3 years so what happens then? do the league kick us out or do they give us an extension? how long do they keep giving us extensions before they give in to SISU saying moving back to Cov is impossible because they...
can't imagine SISU would think twice about turfing out the bees or anything else that goes on up there. I know some people have said they have a contract to race there for a certain number of years but SISU don't have a great track record with contracts!
think we need some guidance on what exatly PA can liquidate, or rather what that represents. Lets say PH4 buys 50% of the Ricoh, could they not issue the golden share to him if they felt like it? They seem to be making it up as they go along anyway and surely they wouldn't stand for the club...
think the only way you get round this is a Rangers type situation where it's basically the same club and they vote to let you start at a higher point in the pyramid than a new club would.