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Appeal Dismissed (8 Viewers)

  • Thread starter Thread starter Fishy Tim
  • Start date Start date
letsallsingtogether said:
But it is relevant.
Steve has been approached luckily he has let it slide.
Could just see the uproar on here Trust fighting at games, that would make a few posters on here cream.
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I don't think a single person making points on here would agree with somebody trying to start a fight though? That's why it isn't really relevant.
 
Nick said:
What happened there?
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It was something to do with the bike ride. It was pretty clear he hadn’t done anything untoward but a suggestion was made and he had to try to prove otherwise. I can’t think of any other group of people that would even suggest it in the first place. That’s nothing against those individuals btw. As I said there’s a severe lack of overall trust across the board.
 
CJ_covblaze said:
It was something to do with the bike ride. It was pretty clear he hadn’t done anything untoward but a suggestion was made and he had to try to prove otherwise. I can’t think of any other group of people that would even suggest it in the first place. That’s nothing against those individuals btw. As I said there’s a severe lack of overall trust across the board.
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Obviously it's silly. On the other hand you have people allegedly ripping fans off.

What's that got to do with the trust saying stuff though?
 
Nick said:
Obviously it's silly. On the other hand you have people allegedly ripping fans off.

What's that got to do with the trust saying stuff though?
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It was a reply to LAST regarding witch hunts
 
Irish Sky Blue said:
I’m not going to get bogged down in another debate about Sisu. We all know what they have done and continue to do to our club. The very first statement above however ignores the fact that the Council sold to Wasps after Sisu had tried to distress ACL by taking the club to Northampton. To not blame Sisu for this and all of the other wrongs they have committed seems equally one eyed. The hammer blow in all of this was the sale of the Ricoh to Wasps but to simply blame the council alone for that ignores all Sisu did to precipitate the sale.
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Entirely fair, ISB, SISU have been at the root of our woes and I'd never dispute that, but it's the Council's deal with Wasps that will really stuff the club forever.

And regardless of all of that, there's nothing stopping Wasps doing a short-term deal. I'm sure they'd like the legal stuff to come to an end, who wouldn't, but the truth is that SISU are entitled to keep putting their case until all legal avenues are exhausted.

If the deal was legitimate (legally rather than morally) then they've got nothing to really worry about. They'll get most if not all of their costs back, and if they are down a little they can cheer themselves up with the fact that they've picked up a 32,000 stadium for peanuts, with a tenant they can slowly screw to the wall without too much fear of opposition.

As long as Wasps are seen as beating up SISU then what happens to the club will be overlooked by many, I fear.
 
duffer said:
I'm sure they'd like the legal stuff to come to an end, who wouldn't, but the truth is that SISU are entitled to keep putting their case until all legal avenues are exhausted.

If the deal was legitimate (legally rather than morally) then they've got nothing to really worry about. They'll get most if not all of their costs back, and if they are down a little they can cheer themselves up with the fact that they've picked up a 32,000 stadium for peanuts, with a tenant they can slowly screw to the wall without too much fear of opposition.
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Spot on duffer. Also worth adding if Wasps were that concerned about legal action don't move in to a stadium that's in the middle of years of legal action. Not like this has all come as a surprise.

While we all think the legal action is pointless the courts are allowing it to proceed, if Wasps and CCC are that confident just see it through till the end.
 
chiefdave said:
if Wasps and CCC are that confident just see it through till the end.
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In terms of PR, it would probably be better for them to do so. Avoids any doubt they have something to hide whereas, let's face it, this particular court action would be amazing if it did come back in favour of SISU.

If we're talking PR, the court action is all a disaster for CCFC, and probably a benefit for Wasps and CCC (and even SISU, but let's not go there again ;))
 
FFS, Sorry dont mean to be rude but if you really think Wasps or any other hedge fund type business would not use us as leverage in these circumstances you are crazy. The horrendous thing for us is we ended up with the hedge fund who completely screwed up using us as leverage hurting us and them bloody selves in the process. Shit luck for us. Our time will come though.
 
riched1992 said:
FFS, Sorry dont mean to be rude but if you really think Wasps or any other hedge fund type business would not use us as leverage in these circumstances you are crazy. The horrendous thing for us is we ended up with the hedge fund who completely screwed up using us as leverage hurting us and them bloody selves in the process. Shit luck for us. Our time will come though.
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Who has said that and where?
 
Anyhow. CWR have checked and as of 5pm no appeal is showing as lodged on the supreme courts website. Just tomorrow to go and we should know where we stand as a club and fans.
 
skybluetony176 said:
Anyhow. CWR have checked and as of 5pm no appeal is showing as lodged on the supreme courts website. Just tomorrow to go and we should know where we stand as a club and fans.
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SISU know if they're going to appeal or not ( right now, today ) so why keep everyone waiting ?
 
COVKIDSNEVERQUIT said:
SISU know if they're going to appeal or not ( right now, today ) so why keep everyone waiting ?
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Where's the fun in that. It will be right before the deadline as usual.

Or we'll get past the deadline only for the Telegraph to realise they messed it up again.
 
Didn't Gilbert say before that they can still appeal after the deadline, if something new comes to light?
 
Nick said:
Who has said that and where?
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Right above people are saying they think Wasps should take some moral high ground and let the legal action carry on so they can clear their name.
Thats nuts they are a mercenary hedge fund like SISU. They dont give a shit about moral high ground and proving they did nothing wrong, they moved Wasps here for Gods sake!!!
SISU are affecting them financially, they have leverage over SISU by screwing us. Like SISU did with us when they moved us to Northampton the owners of Wasps will also screw us over. Do I really have to point this out? Nuts
 
riched1992 said:
Right above people are saying they think Wasps should take some moral high ground and let the legal action carry on so they can clear their name.
Thats nuts they are a mercenary hedge fund like SISU. They dont give a shit about moral high ground and proving they did nothing wrong, they moved Wasps here for Gods sake!!!
SISU are affecting them financially, they have leverage over SISU by screwing us. Like SISU did with us when they moved us to Northampton the owners of Wasps will also screw us over. Do I really have to point this out? Nuts
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Do you mean nw's post?
 
Broken Hearted Sky Blue said:
Appeal being lodged today and I think the end of the club is fast approaching
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Has it been confirmed it is being lodged now? I don't think many deep down expected it to just be the end of it :(

Wouldn't go as far to say it's the end of the club.

Makes no sense though really, if it was me I'd be taking the money that goes to lawyers and spending it on private investigators and PR as there would probably be a better return on it.
 
Nick said:
Has it been confirmed it is being lodged now? I don't think many deep down expected it to just be the end of it :(

Wouldn't go as far to say it's the end of the club.
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No but have it on good authority that it will be. I believe it is the start of the end of the club. This will go all the way and if Sisu aren't successful they will liquidate the club.
 
Broken Hearted Sky Blue said:
No but have it on good authority that it will be. I believe it is the start of the end of the club. This will go all the way and if Sisu aren't successful they will liquidate the club.
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Doubt it, the club have signed players on longer term contracts which per FA rules they'll have to pay up from any assert sale.
Besides its surely better for them to sell the club as a going concern.
 
Wasn't saying he was wrong, just which "side" he had heard it from! Yep, now confirmed though!

Don't think many expected it to not happen :( Pointless.

Surely as soon as that letter is received they can just reply saying "No"? Save everybody time.

Can't see the logic in it, they will have just added a couple of 00's to the rent offer that CCFC might get and they have no chance of actually winning the appeal etc. Still can't see us being kicked out or ceasing to exist. I can see Boddy's job being made a lot harder.
 
Captain Dart said:
Doubt it, the club have signed players on longer term contracts which per FA rules they'll have to pay up from any assert sale.
Besides its surely better for them to sell the club as a going concern.
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Exactly, it only makes sense to liquidate a company financially if the sale of the individual assets is greater than selling the company as a whole. But considering we have very few assets that surely can't apply to us. So on that basis, I just cannot believe from a financial point of view that it would make sense for SISU to walk away, liquidate the club, and write off tens of millions in the process.
 
I don't think the "we will be kicked out of the league" stuff put out will really stick the way it was intended when they put stuff in the programme notes. It might have if today had passed but it won't now.
 
Nick said:
Wasn't saying he was wrong, just which "side" he had heard it from! Yep, now confirmed though!

Don't think many expected it to not happen :( Pointless.

Surely as soon as that letter is received they can just reply saying "No"? Save everybody time.

Can't see the logic in it, they will have just added a couple of 00's to the rent offer that CCFC might get and they have no chance of actually winning the appeal etc. Still can't see us being kicked out or ceasing to exist. I can see Boddy's job being made a lot harder.
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It's certainly put Wasps in a precarious position. I personally can't see them having the balls to kick us out of the Ricoh as that would ultimately be the bitter end of CCFC as we know it. However, people can be pushed for so long....
 
JamesCCFC said:
It's certainly put Wasps in a precarious position. I personally can't see them having the balls to kick us out of the Ricoh as that would ultimately be the bitter end of CCFC as we know it. However, people can be pushed for so long....
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I don't think they will kick us out
 
Do they (sisu) have to demonstrate grounds for appeal from which the Appeal court either grant or refuse, also does anybody have an idea on the timescale for it to get heard.
 
The last time adminstration was used SISU controlled it and only put one part of the company structure through the process. They also managed to kill dead any investigations as to whether assets had been moved around in preparation for administration.
This time round they probably want to get unfettered access to the one tangible asset they have, Ryton. This could well be easier if CCFC was no longer a going concern and the question of commitments to continue the Academy were no longer on the table. Yes, players contracts have value but the League rules as to preference to footlball creditors could be a drawback.
Does the current company structure give SISU options?
Selling CCFC as a going concern will not be a quick process. So, i wouldn't rule out liquidation. It's down to SISU decding which gives them the quickest and/ or least expernsive exit. After all much of their "investment" is already effectively lost.
 
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