The administrator's statement reads: "Following Friday's deadline, I have received a number of indicative offers for the assets of Coventry City FC Limited.
"I am now inviting all interested parties to provide their best and final offers by noon on Thursday June 13.
"Having discussed the situation with the Football League and with the fixtures for the 2013-14 season due to be published on June 19, I believe the sale process must conclude quickly in order that arrangements can be made for the participation of Coventry City Football Club in the forthcoming season. "
There are only 2 scenarios where the sale process could conclude quickly:
1. SISU are preferred bidders
2. SISU and a.n.other bidder are in advanced negotiations
On balance option 1 seems a 99% certainty
"I am now inviting all interested parties to provide their best and final offers by noon on Thursday June 13.
"Having discussed the situation with the Football League and with the fixtures for the 2013-14 season due to be published on June 19, I believe the sale process must conclude quickly in order that arrangements can be made for the participation of Coventry City Football Club in the forthcoming season. "
There are only 2 scenarios where the sale process could conclude quickly:
1. SISU are preferred bidders
2. SISU and a.n.other bidder are in advanced negotiations
On balance option 1 seems a 99% certainty
Well, what do you expect from a SISU puppet? This gives it away:
"I am now inviting all interested parties to provide their best and final offers by noon on Thursday Octvember 33rd.
"I am now inviting all interested parties to provide their best and final offers by noon on Thursday Octvember 33rd.
If sisu are so much the best/preferred bidder surely they be no need to extend it if he wants it tied up quickly,something don't add up.....
Embarassing, surely they would have spoken on the phone to confirm it was there etc?
You're probably thinking what I'm thinking: Fisher's managed to get that email deleted somehow! The bloody sw*ne! Is there nothing his grubby mitts haven't touched?!?!
this is NOT an extention, its a new deadline for new formal bids.
we are moving forward
byng said he was finding it ahrd to keep his investers interested in ccfc so maybe its for the best
we are moving forward
byng said he was finding it ahrd to keep his investers interested in ccfc so maybe its for the best
I don't think it's secret, posted elsewhere he is in regular contact with Fisher and Seppala.
I dont think it is an extension as such. He had indicative bids in by last Friday. From those now included in the process, he wants their formal final bids by Thursday, its just the next stage in the process.
As for creditors meeting I think the maximum period he can adjourn is 14 days without holding the meeting again. Perhaps he can the adjourn again buit would need to call a meeting to do it?
Some bidders will drop out but i would guess PA will be getting loads of pressure off both of the main parties in this
As for creditors meeting I think the maximum period he can adjourn is 14 days without holding the meeting again. Perhaps he can the adjourn again buit would need to call a meeting to do it?
Some bidders will drop out but i would guess PA will be getting loads of pressure off both of the main parties in this
That's exactly how I feel. I'll know soon enough whether I have a club to follow. If SISU retain control, I'm gone.
The Asians only interested in the railway - no good for City - Byng a timewaster / publicity seeker now out of the equation - great news.
Appleton says all done before fixtures released on 19 June.
Appleton says all done before fixtures released on 19 June.
Of course the longer this drags on the more the likely hood he will negotiate a deal to play at the RICOH.
Now TF may say this is massively frustrating for the club sorting its arrangements, Ground wink wink , but gets him massively out of Jail .
Now TF may say this is massively frustrating for the club sorting its arrangements, Ground wink wink , but gets him massively out of Jail .