bigfatronssba
Well-Known Member
That's because you're an intelligent person who understands that just because we have differing political views, you don't have to automatically disagree with everything I post.
I'm ideologically diametrically opposed to him and that quote, yet I agree with almost everything he says yet rarely with you. Figure that one out!
Seems like the best possible outcome to me.SISU get a free season and Breakeven we see our team in the ground built for them. Alternatively they run us on their terms and lose up to 70% of the fanbase and a significant future generation.
Except for the points deduction and possible relegation....
Thanks for engaging in the same friendly spirit that I did...
Ahhhh, nice. You are therefore somebody who I can do business with
Who says he is not?
There is a difference between ideological views and political views.
I.e. no party does what their founding principles suggest they should.
I would class myself as a right wing capitalist, but only in a regulated capitalist way. Hence I find hedge fund antics as disgusting as the next person. Real capitalism is the ordinary working class lad who through hard work overcomes the class system and makes it in life.
Anyway I certainly wouldn't dislike someone for having different views to me, infact I enjoy it if someone wants to have a debate with me.
Enough politics, back to insolvency law.
This isn't a politics thread or forum, just had to clear loads of crap out of here.
This isn't a politics thread or forum, just had to clear loads of crap out of here.
my apology has nothing to do with your prudish "warning" pal
Nothing about politics allowed? Is that why Cov Council get off scot free in all the blame games re our predicament? Kinda makes sense.
I think as the administrator has now sold the company to Otium they're the new owners and it will be their decision to liquidate or not.
And being thrown out halfway through the season when we do come out of admin.
Looking at the statement on ccfc.co.uk it seems Otium HAVE NOT purchased Ltd but have instead cherrypicked the assets the want out of Ltd.
Les Reid has indicated it's the administrators report that has said if the CVA is not approved he will liquidate, I can see how that ties with an aim of administration being to have an ongoing business when it is known there are other interested buyers. To me it comes across as SISU and PA saying do it our way or we'll liquidate.
I'm not sure if SISU and PA are being very clever here or doing something very dodgy that they might get caught out with, would need someone who's an expert in both the legality of this and the FL insolvency process to be able to tell us that I think.
These are the tweets I'm basing that on: "Administrator's report proposes liquidation if CVA can't be agreed for #CCFC Ltd"
"Appleton's statement says, he's only been able to sell the "rights & title" to #CCFC Ltd "assets", including share, to Otium"
"Asset sales process from #CCFC Ltd to Otium completed. Licence to play at Ricoh still remains in Ltd. Could be scrapped"
"If no CVA agreed, #CCFC Ltd liquidated & share would go to any interested entity League wishes to transfer it to. 15pt deduction"
the last one is interesting as it indicates that, as you say, if Ltd is liquidate it the FL would not view it as the end of CCFC so we wouldn't be in a Rangers type situation. I'm not sure how that can be the case if Ltd had the share and the sale of the share is not allowed unless the FL is saying we can issue it to anyone but how do they then prevent another club rolling their debt into one company, putting that into admin and just buying the share out of it?
Expand you love trawling the onerous threats that they hold over us.
So if the licence to play at the Ricoh lies in LTD do they still own the lease if so it costs 1.4 million a year and we play else where ??? :thinking about::thinking about::thinking about:
That would make ACL the biggest creditor?? This has been mentioned before does anyone know?
Common sense innit.
No deal agreed between parties, offer for free while in admin.
Therefore if come out of admin with no deal agreed, off we go on our travels!
Common sense innit.
No deal agreed between parties, offer for free while in admin.
Therefore if come out of admin with no deal agreed, off we go on our travels!
I have to say what a day this has been! First we find out that we will hardly have any players apart from a bunch of kids, then the brilliant news about Otium, then more statements about creditors blah blah blah. And now the trust have issued a statement that states absolutely nothing, genius! No wonder the fans are disappearing in droves!
my apology has nothing to do with your prudish "warning" pal
CCFC play at a temporary home then Compass will take ACL to court for breach of contract as nobody will buying there F&B, casino will pull out as saturday being there main money spinner, Yorkshire bank pull out of there offices there too, ACL go in to admin and SISU buy and the stadium and club are re-united, SISU sell as a whole package
CCFC play at a temporary home then Compass will take ACL to court for breach of contract as nobody will buying there F&B, casino will pull out as saturday being there main money spinner, Yorkshire bank pull out of there offices there too, ACL go in to admin and SISU buy and the stadium and club are re-united, SISU sell as a whole package
Just going to say the same! If they are fully paid up then surely there will not need to be a vote to accept? They cannot vote for a package to give them more than they were owed!!
They won't reject it if they're offered all the debt repaid.
I'm not sure about that Brighton, they don't want to do any sort of deal with the current owners, which in my view is right. But it would be difficult to see on what grounds they would block it if they got their money. Does anyone else know any other reasons they could use?
Sisu don't have that kind of money by breaking the lease ACL can take them to court for the 50 million or so they have lost due to them breaking the deal....IMHO
I'm not sure about that Brighton, they don't want to do any sort of deal with the current owners, which in my view is right. But it would be difficult to see on what grounds they would block it if they got their money. Does anyone else know any other reasons they could use?
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