Non AMP
Sky Blues Talk
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

ACL and the disturbing truth (14 Viewers)

  • Thread starter Grendel
  • Start date Aug 2, 2013
Forums New posts
Prev
  • 1
  • 2
First Prev 2 of 2

Johnnythespider

Well-Known Member
  • Aug 2, 2013
  • #36
Brighton Sky Blue said:
Could someone explain what purpose Holdings now has if Otium has the share?[/QUOTE
They have to have somewhere to load all the debt
Click to expand...
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #37
Deleted member 5849 said:
So in 5 years time we can brush off our dusty old notes on Administration for dummies, and argue if Holdings or Otium entertainment are the club?
Click to expand...

I wonder why Fisher is now on radio saying that he will happily sit down for new talks with ACL and the council when he categorically said earlier that there was no chance on the Ricoh.

Liquidation of Limited now allows for a new lease to be drawn up which hopefully shouldn't be too tricky...
 
D

Deleted member 5849

Guest
  • Aug 2, 2013
  • #38
James Smith said:
Okay I'm sure someone could be found who is neutral and removed from all this.
Click to expand...

Sure they could.

Also it would be nice if details of the offers and counter offers from both sides were published verbatim but I bet that'll never happen
Click to expand...

I admire your optimism

tbf to both sides as it affects their financial positions elsewhere, I can;t see any realistic way that could happen however, just from a practical sense. If there was a (genuinely) independent party present however, it could at least clarify debate.

The practicalities can be worked out later though can't they? At the moment the message should be club and stadium co. should meet!
 

duffer

Well-Known Member
  • Aug 2, 2013
  • #39
Deleted member 5849 said:
Funny how reading positions can be different isn't it?

Not saying you're wrong as who knows! But from my reading he was desperately keen for talks, as now the balance of power shifts in his direction.

Regardless of which reading's right however he's said it, so now's the time to push for it.
Click to expand...

I'm not being sarcastic here, but did you listen to the interview? Linnell seemed to come at it from about six different directions, until finally he got something along the lines of "if Martin Reeves called you would you talk to him?". Even then it seemed like the most grudging of responses to me.

I take your point though - we could just be hearing it in different ways.

I hope I'm wrong, but I predict that by Tuesday or Weds next week, TF will have found something that somehow prevents him from accepting ACL's offer.
 
Last edited: Aug 2, 2013
D

Deleted member 5849

Guest
  • Aug 2, 2013
  • #40
duffer said:
I'm not being sarcastic here, but did you listen to the interview?
Click to expand...

Yes I did.

And from my perspective he kept saying he wanted to talk and, Linnell being slightly surprised and actually doing his job, made sure there was absiolutely no doubt about what he meant by that.
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #41
Deleted member 5849 said:
Sure they could.



I admire your optimism

tbf to both sides as it affects their financial positions elsewhere, I can;t see any realistic way that could happen however, just from a practical sense. If there was a (genuinely) independent party present however, it could at least clarify debate.

The practicalities can be worked out later though can't they? At the moment the message should be club and stadium co. should meet!
Click to expand...

I agree with you both sides should meet and it should be people who can do a deal without referring to someone else first. That there should be someone independent there is a must, otherwise Tim could just say something like "Any handshakes and not everyone had hands.....etc." How about it's videotaped and each party gets to keep a copy and they are the only copies. Video can be encoded I think with a watermark so if it leaked we'd know which side leaked it.
 
T

Tonylinc

Well-Known Member
  • Aug 2, 2013
  • #42
Like your sentiment NW but it aint never going to happen. Shitzu have retained the GS (albeit in another Company) and are all set to start the season. This crap about a new stadium is just that... CRAP. They will sit tight, make absolutely no investment in the team and await an offer of purchase.
 

duffer

Well-Known Member
  • Aug 2, 2013
  • #43
Deleted member 5849 said:
Yes I did.

And from my perspective he kept saying he wanted to talk and, Linnell being slightly surprised and actually doing his job, made sure there was absiolutely no doubt about what he meant by that.
Click to expand...

Fair enough - I must confess that wasn't the way I heard it. Maybe I was grinding my teeth too hard and it affected my hearing.

To be clear, even now I'd be delighted if they could thrash out a deal - but I just don't think it's part of the SISU strategy. Happy to be proved wrong.
 

RegTheDonk

Well-Known Member
  • Aug 2, 2013
  • #44
Brighton Sky Blue said:
I wonder why Fisher is now on radio saying that he will happily sit down for new talks with ACL and the council when he categorically said earlier that there was no chance on the Ricoh.

Liquidation of Limited now allows for a new lease to be drawn up which hopefully shouldn't be too tricky...
Click to expand...

I guess that the FL have said in their statement they still want them to try and sort it out. Don't suppose he can categorically say no with them still in the picture.

He was put on the spot and tried to not answer the question. Fair play to SL for persisting him to answer.
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #45
duffer said:
I'm not being sarcastic here, but did you listen to the interview? Linnell seemed to come at it from about six different directions, until finally he got something along the lines of "if Martin Reeves called you would you talk to him?". Even then it seemed like the most grudging of responses to me.

I take your point though - we could just be hearing it in different ways.

I hope I'm wrong, but I predict that by Tuesday or Weds next week, TF will have found something that somehow prevents him from accepting ACL's offer.
Click to expand...

I can't wait to hear that excuse. It's a shame Stuart didn't ask about the talks last week which were apparently about the ownership of the Ricoh, I'd love to know what went on there.
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #46
duffer said:
Fair enough - I must confess that wasn't the way I heard it. Maybe I was grinding my teeth too hard and it affected my hearing.

To be clear, even now I'd be delighted if they could thrash out a deal - but I just don't think it's part of the SISU strategy. Happy to be proved wrong.
Click to expand...

I like the words Thrash and Tim, especially if used in the same sentence.
 
S

skybluehugh

New Member
  • Aug 2, 2013
  • #47
Deleted member 5849 said:
So in 5 years time we can brush off our dusty old notes on Administration for dummies, and argue if Holdings or Otium entertainment are the club?
Click to expand...

Don't think it will take 5yrs. I give it 1yr and that is being optimistic.
 

stupot07

Well-Known Member
  • Aug 2, 2013
  • #48
I am so ****** off that ACL rejected the CVA, especially after claiming to apply for admin to prevent liquidation for the fans, only to then liquidate us....probably for the good of the fans
 
Last edited: Aug 2, 2013

duffer

Well-Known Member
  • Aug 2, 2013
  • #49
James Smith said:
I like the words Thrash and Tim, especially if used in the same sentence.
Click to expand...

I like the words 'sentence' and 'Fisher' in the same sentence, especially if it also contains something like 'guilty' and ends with the phrase 'take him down'.

In fairness you know, outside of this he could be the nicest bloke in the world, is kind to his kids, gives generously to charity etc., but I can't listen to him without wanting to smash the radio in. It's just lucky we haven't got a cat.
 
D

Deleted member 5849

Guest
  • Aug 2, 2013
  • #50
duffer said:
In fairness you know, outside of this he could be the nicest bloke in the world, is kind to his kids, gives generously to charity etc., but I can't listen to him without wanting to smash the radio in. It's just lucky we haven't got a cat.
Click to expand...

It's slightly flippant, but I do wonder if being cursed with a smug face isn't helping his cause just atm!
 

blueflint

Well-Known Member
  • Aug 2, 2013
  • #51
" Sisu are experts in operating within the law." as well as outside the law why else would they be registered in the caymans other than to avoid our taxes etc
 
D

Deleted member 5849

Guest
  • Aug 2, 2013
  • #52
blueflint said:
" Sisu are experts in operating within the law." as well as outside the law why else would they be registered in the caymans other than to avoid our taxes etc
Click to expand...

The point is an offshiore trust to avoid tax isn't illegal.

Hence why Robinson had similar.

And Ranson used offshore companies too.

http://www.insideworldfootball.com/...cott-cardiff-has-a-certain-kind-of-attraction
 

blueflint

Well-Known Member
  • Aug 2, 2013
  • #53
i see grendel and torch are back together saying thanks to stupot07 for more bullshit
 

blueflint

Well-Known Member
  • Aug 2, 2013
  • #54
Deleted member 5849 said:
The point is an offshiore trust to avoid tax isn't illegal.

Hence why Robinson had similar.

And Ranson used offshore companies too.

http://www.insideworldfootball.com/...cott-cardiff-has-a-certain-kind-of-attraction
Click to expand...


never said it was just an observation as to how they do business
 

duffer

Well-Known Member
  • Aug 2, 2013
  • #55
Deleted member 5849 said:
It's slightly flippant, but I do wonder if being cursed with a smug face isn't helping his cause just atm!
Click to expand...

Now this actually did make me laugh out loud. My thanks.
 
D

Deleted member 5849

Guest
  • Aug 2, 2013
  • #56
blueflint said:
never said it was just an observation as to how they do business
Click to expand...

It's not outside the law though.

Whether it should be is another matter.

But it isn't.
 

duffer

Well-Known Member
  • Aug 2, 2013
  • #57
Deleted member 5849 said:
It's not outside the law though.

Whether it should be is another matter.

But it isn't.
Click to expand...

I can't imagine that SISU do anything illegal, but fwiw I'll tell you who really likes multi-layered, opaque company structures, based outside conventional banking regulation, and with no obvious beneficial owner.

Money launderers.

Generally speaking they also don't worry too much about running up large debts in their companies either, as long as they can turn some money around.
 
Last edited: Aug 2, 2013

James Smith

Well-Known Member
  • Aug 2, 2013
  • #58
duffer said:
I can't imagine that SISU do anything illegal, but fwiw I'll tell you who really likes multi-layered, opaque company structures, based outside convential banking regulation, and with no obvious beneficial owner.

Money launderers.

Generally speaking they also don't worry too much about running up large debts in their companies either, as long as they can turn some money around.
Click to expand...

Money launderers also consider the money lost/spent in this process a cost of laundering it, now hold on to your hats there are some great books on the subject by someone called Robinson. Jeffrey Robinson that is (please note the spelling this is not the Coventry MP) I've read most of them and recommend them all.
 
D

dongonzalos

Well-Known Member
  • Aug 2, 2013
  • #59
stupot07 said:
I am so ****** off that ACL rejected the CVA, especially after claiming to apply for admin to prevent liquidation for the fans, only to then liquidate us....probably for the good of the fans
Click to expand...

Maybe it was a liquidation with the view to the end of the club they were talking about back then.
As oppose to one that losses them 600k and the club 10 points.
There is a reason why someone turns down 600k.......
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #60
I'd really recommend this one to anyone thinking of reading up on money laundering

The Laundrymen: Inside the World's Third Largest Business


http://www.amazon.co.uk/Laundrymen-...r=1-3&keywords=jeffrey+robinson&tag=skblta-21
 

stupot07

Well-Known Member
  • Aug 2, 2013
  • #61
dongonzalos said:
Maybe it was a liquidation with the view to the end of the club they were talking about back then.
As oppose to one that losses them 600k and the club 10 points.
There is a reason why someone turns down 600k.......
Click to expand...

Come on Don, they were never going to liquidate and end club, and ACLs claim was always against Ltd as that's where the the lease was and that's who owed ACL the money.
 

chiefdave

Well-Known Member
  • Aug 2, 2013
  • #62
I don't buy the money laundering theory. Surely if this was what they were up to they'd just pay the rent as they'd never want anyone even thinking about looking at things in more detail.

Have they done anything illegal, who knows but I'd love to see a proper investigation with forensic accountants called in. At the very least there must be some suspicion of asset stripping. A lot of people seem certain SISU are too clever to have done anything illegal but when you're on the fine line between legal and illegal it only takes a small mistake for you to find yourself on the wrong side of the line. With such a complex ownership structure and assets seemingly being passed around all over the place who would want to guarantee someone, somewhere along the line hasn't made an error?
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #63
stupot07 said:
Come on Don, they were never going to liquidate and end club, and ACLs claim was always against Ltd as that's where the the lease was and that's who owed ACL the money.
Click to expand...

If ACL had successfully filed administration before SISU then it's highly likely that SISU would no longer be with us.
 

duffer

Well-Known Member
  • Aug 2, 2013
  • #64
James Smith said:
I'd really recommend this one to anyone thinking of reading up on money laundering

The Laundrymen: Inside the World's Third Largest Business


http://www.amazon.co.uk/Laundrymen-...r=1-3&keywords=jeffrey+robinson&tag=skblta-21
Click to expand...

Ah, I had to learn about it in a previous life, not as a launderer btw, but on the other side of the fence. Actually, some might say banking is on the same side of the fence!

I'm not bad on PPI regs either. Here's some free advice. Don't use claims firms!

You just know our next shirt sponsor is going to be one of these shameless crooks, don't you....
 
D

Deleted member 5849

Guest
  • Aug 2, 2013
  • #65
Unfortunately offshore trusts is also a pretty common thing for hedge fund managers to use, also.

Even if money launderers use the same.
 

duffer

Well-Known Member
  • Aug 2, 2013
  • #66
chiefdave said:
I don't buy the money laundering theory. Surely if this was what they were up to they'd just pay the rent as they'd never want anyone even thinking about looking at things in more detail.

Have they done anything illegal, who knows but I'd love to see a proper investigation with forensic accountants called in. At the very least there must be some suspicion of asset stripping. A lot of people seem certain SISU are too clever to have done anything illegal but when you're on the fine line between legal and illegal it only takes a small mistake for you to find yourself on the wrong side of the line. With such a complex ownership structure and assets seemingly being passed around all over the place who would want to guarantee someone, somewhere along the line hasn't made an error?
Click to expand...

Hi chief, in truth I don't think any investigation will go as far as the ultimate source of SISU's funds. And to be clear to any lawyers watching, I'm not for a moment suggesting that SISU are involved in laundering, I'm just pointing out the structures.

As you say the investigation will focus on the conduct of the directors. The things to google here are 'asset-stripping', 'wrongful trading', 'fraudulent trading', 'shadow directors', and 'liability'.
 

letsallsingtogether

Well-Known Member
  • Aug 2, 2013
  • #67
Gendel how many times do you have to speal this drivel Sisu owned the Club agreed to the deal on the Riocoh didn't want to buy when they had the chance never paid the rent then blamed ACL for there misgivings and all because they couldn't get the £5000 match day food and beverages BolloX the lot of it .
Grendel said:
Why because its the truth. You are the nemises to the true sky blue moron who is the only obvious sisu plant or villa fan on here. You are a council troll and my mission now is to expose and destroy you.
Click to expand...
 

Nonleagueherewecome

Well-Known Member
  • Aug 3, 2013
  • #68
Grendel said:
Why because its the truth. You are the nemises to the true sky blue moron who is the only obvious sisu plant or villa fan on here. You are a council troll and my mission now is to expose and destroy you.
Click to expand...


And you are still a hypocritical c**t who is King of The Trolls. Delete it again mods, I'll keep posting it until you ban me...how can he get away with shit like this yet you delete my posts? As hypocritical as he is.
 
Prev
  • 1
  • 2
First Prev 2 of 2
You must log in or register to reply here.

Users who are viewing this thread

Total: 15 (members: 0, guests: 15)
Share:
Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
  • Default Style
  • Contact us
  • Terms and rules
  • Privacy policy
  • Help
  • Home
Community platform by XenForo® © 2010-2021 XenForo Ltd.
Menu
Log in

Register

  • Home
  • Forums
    • New posts
    • Search forums
  • What's new
    • New posts
    • Latest activity
  • Members
    • Current visitors
  • Donate to the Season Ticket Fund
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?