An interesting comment re Byng and other possible investors (1 Viewer)

[grego_gee]

Les Reid ‏@Lesreidpolitics 2h
@jkcov Potential investors like Michael Byng & Chinese desperate for CVA in worthless #CCFC Ltd to be signed, & assets united

John Gregson ‏@Grego_gee 1h
@Lesreidpolitics @jkCov are you saying Byng (and maybe others) might bid once the CVA is signed?

Les Reid ‏@Lesreidpolitics 1h
@Grego_gee @jkCov He's been saying that all along. Byng thinks his Chinese investors still interested - only IF CVA signed & assets united

imp:

 

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[grego_gee]

Just broken!

Les Reid ‏@Lesreidpolitics1m
BREAKING: Sources re-iterating to me #CCFC administrator will INSIST on CVA today to exit admin, or liquidation. No adjournment

 

[SkyBlue_Bear83]

Assets united, take it that means he want the club and Ricoh as a package

 

[ajsccfc]

Assets United? Not another phoenix club.

 

[grego_gee]

Assets united, take it that means he want the club and Ricoh as a package

That makes sense!

imp:

 

[edgy]

Byng said himself that they will return once the club & stadium are under one entity.

SISU will sell to them once it's done.

 

[Sub]

im sure the administrator will insist on it being resolved today !! i wonder why though :thinking about:and the other choice is liquidation ?> why can the club not be put back up forsale again ??

 

[grego_gee]

• Cllr. Kevin Maton ‏@Cllr_KevinMaton5m
  @Lesreidpolitics Wonder what people's view will be about performance and decisions of the Administrator will be when info (incl fees) public
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Les Reid‏@Lesreidpolitics
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@Cllr_KevinMaton IMO people need to focus now. No good blaming administrator & League if Ricoh empty & #CCFC in Northampton. Get a deal done

 

[illphil80]

Assets united, take it that means he want the club and Ricoh as a package

No that would mean CCFC Ltd and Holdings are one company. I read a while ago when we leave administration the club would then become one entity under Otium.

Then its cleaner for investors to buy out sisu potentially with less debt. (if done in admin would have been no debt but you wouldn't have bought the rights to the players etc as you'd only have Ltd side)

 

[grego_gee]

Byng said himself that they will return once the club & stadium are under one entity.

SISU will sell to them once it's done.

Maybe THATS WHY they seem so keen to get the CVA!

imp:

 

[The Penguin]

I notice this Maton bloke is having his say again.

He's been about as helpful as a screen door on a submarine in this whole mess.

As far as Byng goes, I thought we'd all written him off as yet another shameless self-promoter? Why should we suddenly think he's still there, waiting in the wings?

 

[oldskyblue58]

I believe Byng has sent the details in an email ................. oh damn it didnt arrive :facepalm:

 

[SkyBlue_Bear83]

No that would mean CCFC Ltd and Holdings are one company. I read a while ago when we leave administration the club would then become one entity under Otium.

Then its cleaner for investors to buy out sisu potentially with less debt. (if done in admin would have been no debt but you wouldn't have bought the rights to the players etc as you'd only have Ltd side)

Ahh ok that makes sense also, thought we were told constantly that Ltd had no assets. Couldn't Byng have went straight to Holdings with an offer whilst we were still in administration though?

Either way Byng and his investors will almost certainly want a slice of the Ricoh anyway

 

[Broken Hearted Sky Blue]

But Mr Fisher said the club is not for sale we are in it for the longhaul, business cycle blah blah

 

[chiefdave]

This is the same Byng who said he had made a bid before then it turned out he hadn't, not an inspiring start!

The problem with this idea is how much SISU are going to want. Lets say they get the stadium for next to nothing they then sell it at full market value to walk away with a huge profit. I'm not sure how I feel about that. On the one hand very happy that the stadium and the club are one and out of the ownership of SISU, on the other hand do SISU really deserve to walk away with a huge profit while the council and Higgs take a hit?

 

[ricohman]

I wouldnt trust byng, more self publicity we have to beware of

 

[grego_gee]

• John McCarthy ‏@tocatchathief812m
  @Lesreidpolitics With all the rubbish going on. Would liquidation be such a bad option?
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• Les Reid ‏@Lesreidpolitics8m
  @tocatchathief8 If liquidation, Sisu et al just as likely to be running club, as expert Alan Limb & #CCFC fan says. But 15pt deduction
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• John McCarthy ‏@tocatchathief86m
  @Lesreidpolitics Ahh thanks Les. So in reality CVA is best option. Although should never have got this far in the first place
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• Les Reid ‏@Lesreidpolitics2m
  @tocatchathief8 IMO, fellow #CCFC fans must ask themselves what can really be achieved if the CVA not signed
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[grego_gee]

• Larold ‏@Laroldinho11m @Lesreidpolitics @Cllr_KevinMaton whats to bet the CVA gets signed and they still sod off to northampton?
• Details

Les Reid‏@Lesreidpolitics @Laroldinho @Cllr_KevinMaton Good point. It does seem however there's NO CHANCE of #CCFC at Ricoh if CVA not signed​

 

[fernandopartridge]

But Mr Fisher said the club is not for sale we are in it for the longhaul, business cycle blah blah

ZZZZZZZZZZ why would he say otherwise? Are you really still worrying about comments like that?

 

[grego_gee]

• Gary Evans ‏@BoutrosBoutrosG10m​
• @Lesreidpolitics @Cllr_KevinMaton
  Les, if you ran the Council would you sell the Ricoh at a price that SISU will want to pay?
  
  
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• Les Reid ‏@Lesreidpolitics3m
  @BoutrosBoutrosG @Cllr_KevinMaton
  All I am saying is I believe council leaders are alive to an empty Ricoh being a higher price to pay
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[ajsccfc]

Is Les Reid a CCFC fan himself or is this just his area of focus?

 

[grego_gee]

The CVA meeting started at 11:00, 1:30 mins ago

 

[hill83]

The CVA meeting started at 11:00, 30 mins ago

Do you live in the past?

 

[grego_gee]

Is Les Reid a CCFC fan himself or is this just his area of focus?

Les Reid is the political correspondent of CET and a City fan

 

[Hastingsskyblue]

and f*ck the supporters - who dont really matter anyway ?

so really as usual this is all about the Money and the Money Men - F*ck the supporters whose club it is as with Football nowadays its all about money and returns to investors - whatever happened to local people (Sir Mr Robbins) who invested in a club because they were local people (who had a local Car sales company) interested in their local football club

Football has supped with the Devil - and this is the result

Please take me back to the 60's, 70's when it was all about your 'local' Football club

one time CCFC supporter of 50 + years !!

F*ck Off SISU back to the hole you crept out of

PUSB

 

[grego_gee]

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• John McCarthy ‏@tocatchathief87m
  @Lesreidpolitics IF no CVA signed & Liquidation follows. Im guessing CCFC would not be playing football next season?
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• Les Reid ‏@Lesreidpolitics4m
  @tocatchathief8 No, it would be possible for Otium or a new co. to run #CCFC after liquidation of #CCFC Ltd - but maybe 15pt League penalty
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[grego_gee]

• Les Reid ‏@Lesreidpolitics37m
  BREAKING: Sources re-iterating to me #CCFC administrator will INSIST on CVA today to exit admin, or liquidation. No adjournment
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• Cllr. Kevin Maton ‏@Cllr_KevinMaton34m
  @Lesreidpolitics Wonder what people's view will be about performance and decisions of the Administrator will be when info (incl fees) public
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• Les Reid ‏@Lesreidpolitics29m
  @Cllr_KevinMaton IMO people need to focus now. No good blaming administrator & League if Ricoh empty & #CCFC in Northampton. Get a deal done
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• Cllr. Kevin Maton ‏@Cllr_KevinMaton8m
  @Lesreidpolitics I agree - 'cept it is Administrator, according to yur tweet, demanding decision on CVA today.
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• Les Reid ‏@Lesreidpolitics4m
  @Cllr_KevinMaton #CCFC & ACL urgent talks must surely follow today's meeting if necessary - whether CVA signed or not
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[grego_gee]

[h=2][/h]

• • Jim L ‏@_threeofclubs9m
    I don't get what impact the CVA has one way or the other. Anybody? Otium still in charge either way, except w/ -15pts if not signed. Right?
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  • Les Reid ‏@Lesreidpolitics3m
    @_threeofclubs Agree, in all probability. As I've been tweeting, difficult to see what extra can be achieved if CVA not signed. We'll see
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[grego_gee]

• Matty Evans✌ ‏@mattyevansCCFC2m
  @Lesreidpolitics Can the council claim beneficial ownership of the team having housed it since existence?!
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• Les Reid ‏@Lesreidpolitics43s
  @mattyevansCCFC HAHA. Now that WOULD be interesting! You could have Ann Lucas & councillors picking the team!
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[grego_gee]

Just relaying all this stuff while I am watching for first word to come out of the CVA meeting
(for those not on twitter)

imp:

 

[SkyBlueBlood]

But Mr Fisher said the club is not for sale we are in it for the longhaul, business cycle blah blah

Do you think that might be the first time he has not bullshitted then

 

[grego_gee]

• Sky Blues ‏@SkyBlues85m
  @Lesreidpolitics @_threeofclubs What happens to CCFC Ltd if the CVA is signed? Do SISU/Otium liquidate it once they have the golden share?
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• Les Reid ‏@Lesreidpolitics1m
  @SkyBlues8 @_threeofclubs If proposed CVA is signed, CCFC Ltd is no more. Its limited assets sold to Otium, & Ricoh lease quashed
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[deanocity3]

hope I get some news before Neighbours comes on

 

[NorthernWisdom]

I really wish people would stop with this 'not for sale' bollocks and the 'we've moved on' nonsense.

If I want to sell a car I have to at least pretend I'm quite happy to keep it, even if it's rusting through the chassis, the engine runs on 3 cylinders and it pumps petrol into the passenger compartment.

Likewise if I tell a Vauxhall dealer I've gone to Ford and they're offering me a great deal, I'm not telling him that just because I really got on with him during our negotiations and fancy taking him for a pint later in the week!

Literalism can be a dangerous thing.

 

[edgy]

I keep telling Sky that I don't want the Sports package anymore........... works a treat.