I think ACL's recent offer to let CCFC Ltd play free at the Ricoh whilst in Administration, and TF's absolute insistence that the only way forward for the club is for CFFC Ltd to exit Admin as quickly as possible, gives a clue as to where all this is going.
Fisher and SISU will clearly only want to exit Administration quickly if they are the 'new' owners of CCFC Ltd.
Conversely, ACL will not want Administration to end if it is with SISU at the helm.
If SISU win the bid, I think ACL will launch a court battle to try to overturn the decision and hence keep the club tied in administration until that court process is complete.
If any bidder other than SISU wins, then I think SISU will take exactly the same steps.
So whatever happens this ends in court, but what ACL have done is to stop the administrator (or more likely SISU) moving us away from the Ricoh in the interim.
I'd be surprised if the FL let us groundshare whilst all of this is being fought out, and it gives a bit of breathing space for the courts to really dig through what's been going on at the club with regard to CCFC Ltd.
Just my opinion, as ever. Let the beatings commence.
I go along with most of this apart from SISU wishing the Administration to be drawn out .He Stated during one of the fans forums It wouldn't be death by a thousand cuts but 3 or 4, if as he says we should take him a t his word. Mr Linnel also likes to portray this warning .
Comes down to who has the deeper pockets in the end
Comes down to who has the deeper pockets in the end
Comes down to who has the deeper pockets in the end
I think ACL's recent offer to let CCFC Ltd play free at the Ricoh whilst in Administration, and TF's absolute insistence that the only way forward for the club is for CFFC Ltd to exit Admin as quickly as possible, gives a clue as to where all this is going.
Fisher and SISU will clearly only want to exit Administration quickly if they are the 'new' owners of CCFC Ltd.
Conversely, ACL will not want Administration to end if it is with SISU at the helm.
If SISU win the bid, I think ACL will launch a court battle to try to overturn the decision and hence keep the club tied in administration until that court process is complete.
If any bidder other than SISU wins, then I think SISU will take exactly the same steps.
So whatever happens this ends in court, but what ACL have done is to stop the administrator (or more likely SISU) moving us away from the Ricoh in the interim.
I'd be surprised if the FL let us groundshare whilst all of this is being fought out, and it gives a bit of breathing space for the courts to really dig through what's been going on at the club with regard to CCFC Ltd.
Just my opinion, as ever. Let the beatings commence.
If SISU win the bid, I think ACL will launch a court battle to try to overturn the decision and hence keep the club tied in administration until that court process is complete.
PA will announce his preferred bidder next week they may have to negotiate with him, ARVO and CCFC H ..........
Hmmm - I am not a lawyer, but if sisu wins the bid in a way that pays ACL their outstanding £650k, then I am not sure if anyone can stop the exit from administration.
Sure the decision can be challenged, but on what ground can ACL challenge if they are repaid?
And why should any appeal prevent the exit?
That line reads to me you think the preferred bidder will not be sisu. Who then is your guess?
I'd usually agree, but I think in this case both sides have access to sufficient funds and have enough to lose that they'll exhaust all legal avenues before giving up.
I suspect, and again this is just my opinion, that the only way to short-circuit all this would be an offer to SISU to buy them out of the club completely.
They'd obviously have to take a loss, but I reckon £10m in cash might do it.
I'd be willing to negotiate the deal for just 5% - can't say fairer than that.
Didn't ACL and CCFC have a deal on the Ricoh Lease. That could be worth quite a bit.
In fact you would want some sort of agreement before the Ricoh was built and it would want CCFC to play there for many years. Pulling out would have penalties.
no - it could be very short negotiations or quite protracted ones depending on who gets the nod
Think people think there is just one vote of the creditors ...... there isnt there is a vote today to approve the administrators plan or not ........ but even then it is not so straight forward. The vote is in two parts (1) to cover all creditors and after that (2) a vote by the unconnected creditors. It is like that to protect minority creditors. SISU or any other connected buyer may have to convince the unconnected creditors that them having the club is a good idea. After that there will be a final creditors meeting to approve the deal and discharge the administrator which will happen once the deal has been done and also approved by FL, I would expect that is a two tier vote too
Consequences of no deal approved could still be liquidation. So just yet people going off and saying it all done and dusted should hold fire for a while
Think we need to sit tight and see what happens for next week or so
Hmmm - I am not a lawyer, but if sisu wins the bid in a way that pays ACL their outstanding £650k, then I am not sure if anyone can stop the exit from administration.
Sure the decision can be challenged, but on what ground can ACL challenge if they are repaid?
And why should any appeal prevent the exit?
I think you're right here God,
An I bet you worked out how much that would be already!
You dog you!
imp:
I've asking questions about the lease, but nobody seems to either care or know.
I wonder if paying all the creditors and then move for a voluntary liquidation is a way to break the lease.
At what point in all this if they don't win this bid ,do the terminate us??
This is an often veiled threat we hear.
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