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seems like they haven't even done that, they've purchased some assets of a company they own.

no, you get a points deduction for what the FL term an insolvency event. going into admin was one, coming out of admin without an approved CVA would be another (and more than -10). Staying in admin makes no real difference apart from still being under an embargo. it would only become an issue...

Whole thing stinks. SISU were the only ones who knew what was in ltd and they've been allowed to cherry pick which bits they want. None of the other bidders even knew for sure what they were buying.

Remember the days when you didn't have to be a financial and legal expert to support city?!

I may have this wrong then, I thought the first things was a CVA proposal to creditors which, if rejected, could be authorised by the court provided they felt it was fair. Remember not only do SISU need to agree it more than 50% of unrelated creditors have to agree the CVA. You could have a...

Other clubs have had a preffered bidder named and then had to change that to an alternative why would that not apply to us? Surely if the sale to Otium can't be complted the club should be offered to the other parties who were interested not automatically liquidated?

from ccfc.co.uk I might be reading that wrong but that sounds like Otium haven't purchased Ltd (which would explain why it's still in admin), it has just purchased some of the assets of Ltd (not sure you can buy the FL share, didn't think that was allowed). This seems a right stich up. SISU...

Snippet from Les Reid on twitter: This doesn't seem right to me (not meaning Les is wrong, meaning it sounds dodgy practice), other offers on the table but if the one from SISU isn't accepted I'll liquidate, how can that be right. Trying to force the league to ignore reasons F&P would be...

More details on the bbc site: think we need someone who knows more about business as it doesn't make sense to me that they've completed the purchase but we're not out of admin, I don't see how both those things are true. to me either PA is in charge and we're still in admin or Otium have...

So far PA had said Optium were the preferred bidders. He is now saying they have completed their takeover which would mean we're no longer in admin (not sure how this has been done without the creditors meeting taking place). That's a business transaction and has nothing to do with the FL. There...

they can purchase the company without passing F&P so that's not an issue (not at this point anyway) but what about the requirement for the creditors meeting and the cooling off period, how have they got round that if they're legal requirements?

wouldn't be a problem, we can use the Ricoh for free while in admin and until we reach a point where we can't field a team we shouldn't have an issue. Pompey played the majority of last season in admin so I don't see why we couldn't do the same (probably with the same outcome and ending up in L2).

This is the key point, arguing over who is / isn't good enough is pointless. Unless people are saying we had players knocking around last year who should have been in the team ahead of those being told to go we will be a weaker squad until replacements can be signed. We don't know for sure we'll...

So what happens if we don't sell them? What's the point of having them not training with the squad while they are still here. Seems strange to me, we know we will still be in admin, and therefore in embargo, at the start of the season so can't sign anyone so surely you make use of what you have...

Imagine it will be the same as the Plymouth away kit: http://www.footballshirtculture.com/13/14-kits/plymouth-argyle-2013-2014-puma-home-a-away-kits.html

excellent piece again. this thing about no-one being able to see the policy sounds really dodgy and something the trust should really be looking to pressure them on. if thats the way the FL work they might as well just come out and say we make it up as we go along.

they can put things on sale while in admin can't they? Portsmouth spent most of last season in admin, including starting the season in admin, and they sold season tickets. There must be an issue that PA is not happy to put them on say when his preferred bidder is planning to move the team out...

in all seriousness could this be an option? give Tim the push and drop in someone new who tries to get the fans back onside by saying he's happy to talk with ACL and stay at the Ricoh.

so from that letter looks like they're going to wrap everything up into one company. what are the odds there's been a conversation with the FL who have told them they can have the GS so long as everything ends up back in one company.

given that it now appears we will start the season in admin shouldn't PA be making announcements about where the games will be played and ticketing arrangements? Also, assuming we start at the Ricoh under ACLs offer, how are we going to be able to put season tickets on sale when as soon as SISU...