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oh - and interesting how the Trust is all up in arms ... not about the rejection of the CVA, but that FL failed to investigate JS as a shadow director. http://www.coventrytelegraph.net/news/coventry-news/coventry-city-ltd-moves-towards-5431504

This from CT (quoting Appelton):

How many times have we misread sisu? How many times have we said 'they are only here short term'. We didn't believe them when they said 'the club risk going into liquidation'. We didn't believe they would stay after the administration. We didn't believe they would deliver the latest accounts on...

Super, then we agree. SBS&L should own both Otium (the club) and ACL. You forgot to say if you accept sisu being the majority shareholder of SBS&L.

Financial obligations is much broader than just rent. It's any unpaid debt no matter the origin.

Really?

Right - I am just plain stupid! Hope that cleared any potential confusion.

I hope that the club and stadium will be united under SBS&L. I have said so for three years or more. It was a key point in the three FAQ's that were made sticky for a long time. A rental deal going forward should not be on the table, the club need to benefit from all revenue streams. I don't...

Negotiation was not taking them anywhere. As long as the lease was in place ACL felt in a strong position. With that gone - and with their anchor tenant gone - ACL's position is a lot weaker. Should ACL be forced to refinance their loan their position may be catastrophic. In the mean time the...

Yes - the club benefitted by being released from the 42yr lease. A quite heavy burden - 42 times £1.2m.

I scored 14/20 ... :facepalm:

Why not read the text below the picture?

Thing is I think JS and TF agree on one thing - the club need to own and control its own stadium and all the revenue streams from it. They may disagree if it will be possible to get the Ricoh due to CCC wanting sisu gone before accepting to sell ACL to the club, but even if negotiations did...

So you advocate the club and stadium should both be owned by SBS&L?

Fair play for you actually going one-on-one with TF. Did he say anything about team investment and ambitions next season?

Think that should be put on my headstone.

Hm, if only we could have kept Kasper Schmeichel.

My God it's long time ago - the administration! Back then I was quite confident I had a grasp of the essentials, but my memories are failing me now. Didn't the price of £1.5m include some £590t (give or take some thousands) to ACL? If so, then Otium will surely have to find the remaining from...

But where are the money sitting atm? The money owed to ACL were part of the £1.5m Otium paid for the assets of ltd. I would think the money is in an escrow at Mr Appelton awaiting the final liquidation of ltd.

I am definitely not an expert in EU law, but I think it is the national courts who are responsible for recovering illegal state aid. So maybe sisu think that if CCC are found to have issued the loan as illegal state aid the judge will also issue a court order for ACL to repay the loan?