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It's all a lot to take in, but I was starting to find my thoughts going that way for a few mins. Then I thought I'd calm down and just see what happens tomorrow

Correct. But it sounds like they've done a quick jiggle around. The legal ramifications of this will be massive. This won't be a quick resolve. This could set a precedent for all football and other sports.

Now you see Arvo own the debt, and I'm thinking it's actually not them under admin. It's coventry City FC limited. I'm not sure what their real situation is. A non operating subsidiary will generally just exist for balance sheet movements but not trade.

2 completely contradicting posts in mins of each other. Washing my hands of this crap, let's see what tomorrow brings.

But would that turn public opinion against ACL if they banned the club from playing at the stadium and got them kicked out of the league? Emotional and financial blackmail

Rthat SISU have put into admin, what are the implications of this. As I understand it (OSB need your help here ) Arvo is the company which holds the 'debentures' over CCFC's varous companies, so in the event of a wind up it is they who are owed the money. So is this part of the master plan...

Me neither. It's clearly an avoidance strategy

Completely and utterly confused. Does this affect us? If it's Arvo, so the company that all our debts are supposed to go to on wind up, what does that mean?

Not a lot different to the part 5 years.

It's now more likely we'll lose the 10 points and keep Sisu.

Oh this sounds bad. What are they up to? So. We've lost the 10 points and I guess Sisu will appoint 'their guys' meaning that we might lose the ten points and keep Sisu? That's lose/lose.

A true City legend :p But seriously, do hope he's ok

Don't confuse budgetary limits (profit and loss expenditure) with the reallocation of funds ( a balance sheet movement). Just because they have cash, doesn't mean it will be part of the budget to spend it. That 14m is now a debtor asset rather than a cash asset.

No I just read the report " It is understood staff were told that Sisu boss Joy Seppala is working on a plan to avoid a judge deciding that the club is insolvent and placing it in administration"

Although could they simply transfer in 5 million in cash, say to the court look, money is there.... Then transfer it straight out again?

So she's working on a plan? She doesn't HAVE a plan.

I heard he broke it and is going on CWR tomorrow to blame ACL for it.

Or you could say that publicly threatening liquidation...... While I'm not on anyone's side other than the club's. ACL have actually acted to try and prevent liquidation and therefore I feel more obliged to them as a fan, than the owners saying threatening to wipe or club out of existence. But...

This report just highlights how stupid the old regime was, not going through with this deal themselves. It was absolutely criminal that they needed bailing out the Council and Higgs charity. It shows that for £30million ( £10m up front and £21m taken out as a loan) you could have built a stadium...

You couldn't make this stuff up