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So they were not able to legally talk to one entity wanting to own the club about future deals... but were able to talk to other entities?
Yes Norman.....they were not legally allowed to talk to SISU.
Which is what you would expect.
Other potential buyers of the club would need to know what they would expect from ACL should they be "lucky" enough to win the bid.
Ltd affairs were taken over by Appleton so nothing could come from talking with Ltd direct.
They wouldn't have been talking to Ltd.
So they were not able to legally talk to one entity wanting to own the club about future deals... but were able to talk to other entities?
Sisu where in admin ie they own Cov City Ltd and therefore all talk had to go through the administrator.Sisu lied and said all player contract's where held by Holdings and Fisher continued to shoot his mouth off. ACL did it correctly and only talked to the administrator,who incidentally agreed that contracts where with holdings. By taking this line of thought he
was unable to tell prospective purchasers what they where bidding for.
But they were happy to talk to other prospective owners of the club, re: future plans and deals...
So they were not able to legally talk to one entity wanting to own the club about future deals... but were able to talk to other entities?
Sisu where in admin ie they own Cov City Ltd and therefore all talk had to go through the administrator.Sisu lied and said all player contract's where held by Holdings and Fisher continued to shoot his mouth off. ACL did it correctly and only talked to the administrator,who incidentally agreed that contracts where with holdings. By taking this line of thought he
was unable to tell prospective purchasers what they where bidding for.
They were talking to the person in charge of CCFC Ltd namely a Mr Paul Appleton
@ Norman....Which part of "Ltd being in Admin so not legally able to talk to SISU, only Administrator" don't you understand???
They were talking to the person in charge of CCFC Ltd namely a Mr Paul Appleton
So all talk had to go through the administrator, but they talked to other prospective bidders outside of the administrator?
Seems potentially hypocritical in the context of the court action against Northampton Town
So all talk had to go through the administrator, but they talked to other prospective bidders outside of the administrator?
Seems potentially hypocritical in the context of the court action against Northampton Town
No.............only talk on CCFC Ltd.
So why not speak to Otium Ltd?
Did this ever materialise ? Lost track to be honest.
I hope that this will help to clarify some of the things that are being discussed in this thread:
Until the CVA was proposed ACL communicated with the Joint Administrators about anything that pertained to the benefits of the lease and licence held by CCFC Ltd (ia). ACL suggested to the Joint Administrators that following the publication of the CVA there could be an opportunity to reach an agreement that would allow CCFC Ltd (ia) to come out of administration. ACL proposed two changes to the CVA and proposed two conditions precedent which would have to be agreed by the Otium Entertainment Group. These conditions precedent could not be a part of the CVA but without them ACL could not approve the CVA. This is quite normal when a CVA is proposed, to try to sort out the other elements at the same time. A meeting was held and at its conclusion it was clear that Sisu were not prepared to agree the conditions precedent that were proposed by ACL to the Otium Entertainment Group. At the meeting to vote on the CVA a last chance was offered and rejected.
@ Norman....Any other bidder could talk to ACL/CCC....ie PH4th....Byng, (ACL/CCC can sell the Ricoh to anyone they like)....SISU COULDN'T!...Why????....because the were not Legal owners of CCFC ltd!...Any clearer now?
Agree, NW. And keep talking and talking and talking. That is the only way this whole mess will be resolved. Simply one side talking to the other. No one is winning a the moment.
My advice would be it's good to talk.
My advice would be not to set any parameters on the conversation and, if no resolution was reached after the first slice of cake, arrange a time to have another slice... just for the craic if nothing else.
And to keep talking, and keep talking.
And to listen, think... and not to dismiss out of hand anything. No need to agree, but it's good to talk...
I didn't realise that Bob Hoskins was a sky blue fan.
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