fernandopartridge
Well-Known Member
Interesting view on the administration.....
A spokesperson said: “We want to see the Sky Blues playing home games in their home city at their rightful home the Ricoh Arena. This is what the supporters of Coventry City are pleading for. The way the fans have been treated by the Club’s owners is utterly cruel and any proposal that the Club should be ripped from Coventry and relocated to Northampton, or anywhere else outside the city, is absolutely heart breaking for everyone involved. It cannot make financial sense for the Club.
“With the Club set to remain in administration for some months to come, we have already made an offer to the Joint Administrator for them to play at the Ricoh Arena during this time. So far we have heard absolutely nothing in response to this offer which is astonishing given the circumstances.
“There is no reason for the Club to leave the City of Coventry. We trust that the Football League, as an organisation which holds the passions and interests of fans close to its heart, will not sanction this proposed move under any circumstances.”
Completely agree the offer of £1 looks better and betterWhen TF said "it would be madness for a business to sell at the current time at the low point..." i can only assume he he will look back and realise this was the high because SISU are taking our club to new lows every day!
I wonder if the administrator will say anything back? He has gone very quiet.
that means acl will not accept the offer
a future further points deduction and relegation is a certainty
They will reject the CVA as its not in there interest.Months? How can it possibly take that long?
When TF said "it would be madness for a business to sell at the current time at the low point..." i can only assume he he will look back and realise this was the high because SISU are taking our club to new lows every day!
do you REALLY think they will get 3000......... I dontDoes anyone seriously think that playing at Northampton in front of 3000 and with a squad shorn of anyone with any value relegation is not a certainty anyway?
Months? How can it possibly take that long?
would not surprise me if there are grounds for cva 22/07 are challenged and the meeting adjourned for further consideration, rather than voted down
also once cva is agreed the administrator has six months to produce a report on the actions of the directors and shadow directors, it might suit to agree the cva to get that to happen
as always nothing is simple in this
It will take that long to prise Appletons tongue out of Fishers arse.
Appleton is a complete cretin and about as much use as catching your manhood in your zip.
OSB, while you're here, can you clarify why ACL can block a CVA? My lay interpretation was thery didn't have enough votes in this to do so but clearly they do... so how is this mapped out to allow them to have such power?
It will take that long to prise Appletons tongue out of Fishers arse.
Appleton is a complete cretin and about as much use as catching your manhood in your zip.
When TF said "it would be madness for a business to sell at the current time at the low point..." i can only assume he he will look back and realise this was the high because SISU are taking our club to new lows every day!
Completely agree. I thought hedge funds were noted for their razor-sharp business minds. This lot are as thick as pig shit.
unscrupulous companies and administrators
They will reject the CVA as its not in there interest.
How do you know it isn't?
If the winning bid pays ACL debt up in full, legally they may not have any leg to stand on & have to accept it or lose it entirely.
its criminal. very criminal, however, you don't make millions by being as thick as pig shit
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