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    Golden Share up for sale today

    Can you (or me or anybody else) really be 100% certain the club will not end up owning ACL with sisu still here? It looks that way today - but the future it hard to predict. Say sisu bid for Limited unconditionally while PH4 consortium bid on condition the GS is part of Limited, then it may...
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    At it again.

    A conclusion may be - The consortium takes over or - Sisu stays in control and PH4 has left the country
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    Some questions the Administrator wil have to address

    Put a sisu-out emoticon at the bottom of every post.
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    Tim Fisher rang me last night

    One more: - Providing Holding is given the Golden Share, how soon do you expect the club can exit administration?
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    Tim Fisher rang me last night

    You could ask: - Please explain in detail what in your opinion the owners, past boards and the current board have done wrong the past 5½ years. - Did you, the board or sisu plan - either alone or jointly with members of the council - to distress ACL? - Did the club ask ACL for a rent reduction...
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    Les Reid tweet - inconclusive interim report

    Only reasonable explanaition: FA/FL haven't decided who hold the Golden Share. Sisu says Holdings, FA/FL records says Limited, but there may be a twist here, so FA/FL investigates.
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    PH4 has bid

    Because ACL themself are fighting for their existence. Their best move was always to try to force change of ownership of the club. This way Higgs gets a fair price for their shares, ACL will still exist independently and the club will continue to play there and bring business to all Ricoh...
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    PH4 has bid

    Elliott said nothing really. They have made a bid on the condition that the golden share is with limited. They don't know if it is. Will depend on the administrators findings.
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    PH4 has bid

    FL require the club have a place to play for at least the next 10 years. That is the crucial point. ACL won't negotiate with sisu, they want PH4 to replace sisu. Sisu want to move away for a while and build a new stadium. PH4 has tabled a bid for half the ACL and will thereby secure the lease...
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    administrator's report

    I can live with that - so stay off everyone else ;)
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    administrator's report

    You posted the above 1 hour after I admitted and apologized my mistake. Did you not see it, or is it your mission in life to ridicule fellow fans?
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    administrator's report

    We were. Forgive me, I was wrong and didn't check before posting. What should have been a slow day in the office turned into chaos. Seems like my memory has completely shut down on last season. Which is a relieve, I guess.
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    administrator's report

    So many things I want to reply to ... so little time between meetings :-) Let me hand pick a few things: 1: Selling Juke was probably necessary to reduce the funding needed. There are two possibilities here. Either put in extra funds (on top of the funds needed to keep up with the losses) to...
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    administrator's report

    You use the word 'dubious' because your emotion is: sisu out. You would use the word 'protective' if your emotion was: sisu stay. Most would use the word 'dubious'. It's really a great testiment that sisu have completely failed in building rapport with the fans.
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    administrator's report

    But do you not agree that there seem to be a chain-of-events here: Club loses money. That leads to sisu requesting cost cuts - revenue increase. That leads to further planning, discussion with ccc/acl/lawyers/financial experts. That leads to sisu not signing off books on time. That leads to...
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    administrator's report

    But sadly it's true. ccfc ltd owes £60m. Mostly to ccfc Holdings. Here's the link to skybluesquirrel again: http://aprisonofmeasuredtime.wordpress.com/2013/04/29/coventry-city-and-sisu-capital-60-million-in-debt/
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    administrator's report

    I completely agree! Their inabillity - or more likely their unwillingness - to be open and transparant is upsetting the fans and earn them nothing but mistrust. If I should hazard a guess (it is NOT an attempt to justify their behaviour!) I would say that their backgrond in banking, finances...
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    administrator's report

    According to the forums financial wizards it seems that when sisu took over all external debts were cleared - paid out at a discount. Yet, it seems the original amount has been kept in the balance sheets. The reason (tactics) behind this is (partly) the same reason why the investor money was...
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    administrator's report

    If you haven't seen this blog yet, it makes very good reading: http://aprisonofmeasuredtime.wordpress.com/2013/05/09/think-ill-buy-me-a-football-team/ and http://aprisonofmeasuredtime.wordpress.com/2013/04/29/coventry-city-and-sisu-capital-60-million-in-debt/
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    administrator's report

    As I said in the beginning: I am not trying to turn attention away from the issues. But you (and many more) and I see many things differently, and thank God for that. It creates ground for discussion and exchange of views. And it keeps us focused on what is really going on.
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