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Whether ACL can survive or not without CCFC is debateable. Even if you're not convinced by the current accounts (which are a lot clearer than SISU's!), if there's truly no need for a football stadium then there's a few quid to be made from all of the other things that could be developed there...

I doubt you're any thicker than me mate - I've just got more time on my hands ;) If I've read it right, it basically means that it's not a done deal whatever the Administrator and SISU say. Possibly good news for those of us that can't bear the thought of SISU staying in charge. But only possibly!

If they plan to liquidate CCFC Ltd then SISU will have to go through this whole circus again and we'd lose the right to play in the FL I think. You can't just liquidate a company like that, and liquidators are obliged to investigate directors' conduct. Not sure TF and others would fancy that!

Doesn't ARVO just hold £10m on the floating charge? Either way I think ARVO are a connected creditor rather than an unconnected creditor. 50% of unconnected creditors need to accept for a CVA to go through. Even then, there's the thing about Unfairly Prejudiced. This is to do with how much...

As I understand it other than liquidation, or with ACL's permission, there's no way to break the lease if CCFC Ltd survives. Even under new owners. There might be scope to amend how much ACL are paid for a while, perhaps, but even then that would have to be voted on and because of the...

Hi Godiva, I've done a bit digging on this. The lease can be broken by liquidation, but not by Administration. The Administrator is selling CCFC Ltd as a going concern, which is his primary duty where possible, so this isn't a voluntary liquidation as TF suggests it might be in that clip. It's...

Just to be clear here, neither the lease nor any other contracts are void. CCFC Ltd is not being liquidated, so the lease remains.

CWR just said that this will go in front of the FL on Monday, so that side of it isn't decided yet either. Don't go bending your season tickets yet. ;)

I'm impressed with your knowledge of corporate insovlency. It took me ages to get to the bottom of all this, and I'm getting my info from my own research (some of which, below) - but if you've got a better source, then pass it on and I'll defer...

And it's not clear that the Football League has agreed to it either, is it? "This offer allows me to achieve the purpose of the Administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible." Think that can be...

Possibly so, but that doesn't change the fact that ACL can vote against the CVA and go to court to challenge the decision if they think it unfairly prejudices their interests.

Hold up a moment here. I don't want to give anyone false hope, but I think this is a long way from done. First off there's a bidding process, as I understand it. And ACL have got some weight here as they are the major unconnected creditor (that is they're the only debtor that has no links to...

First up, I've got serious doubts about what Byng says. If he was the person fronting up the bid, then wouldn't he also be the person who sent the bid to the Administrator? Every he says from that point on is tainted, to my mind, so him blaming ACL for his own failures is a bit rich, imho. As...

I'm Tim Fisher and so's my wife. (Just thought I'd get that one in first.) ;)

All good questions, but a little politeness might not go amiss. I don't like TF much, but I'd at least have the courtesy to call him Mr Fisher if I was preparing a list of formal, written questions. Salute the rank not the man etc. ;) (Edit) Sorry to be clear, I mean the stuff about "Tim's...

Hi Godiva, again, I'm no expert on company insolvency but I was doing some research on this last night. I think OSB has already alluded to this earlier, but in essence the voting process for coming out of admin with a Company Voluntary Arrangement isn't straightforward. Although it looks...

Page 1: Before you start make sure you have all of the pieces you require. Girders (40m) x 500 Girders (25m) x 300 Allen Key (10mm - supplied) Flat-head screwdriver. :)

Good idea, but there's always a critical bit missing, it always takes much longer than you think, and there's invariably a screw loose somewhere. Inevitably tension builds during the planning and build process, and it all ends in a blazing row after which no one will talk to each other. But...

It's a really, really good question. I think ACL might be able to challenge this route even if paid the £650k in full, because there's clearly a contract for another 40-odd years at £1.2m and the Administrator has the option via other bids to maintain CCFC Ltd as a going concern (which would...

Not only have I worked it out, but the wife's already spent it. ;)