skyblueinBaku
Well-Known Member
Bobby Gould will be on TalkSport this morning at about 11:15. Can someone give a brief synopsis of what he says? I can't listen to the radio at work
They all seemed on a downer, talking about liquidation of the club as there is no money in Coventry and Sisu are flat broke. Worst case scenario, the club folds and ceases to exist. I think we need a small miracle if things are not to go from bad to worse.
Are there measures that can be taken by anybody but the owners to stop liquidation? Are there steps that have to be taken to liquidate? Like, with admin, you have to declare an intention don't you, before you go into admin? Also, once liquidation has been declared (if this is the process) can people still offer money to buy the club?
Sorry, I'm a finance dunce! Know nothing on these things.
Are there measures that can be taken by anybody but the owners to stop liquidation? Are there steps that have to be taken to liquidate? Like, with admin, you have to declare an intention don't you, before you go into admin? Also, once liquidation has been declared (if this is the process) can people still offer money to buy the club?
Sorry, I'm a finance dunce! Know nothing on these things.
I'm no financial or legal expert but surely there can be some kind of injuction against putting us into liquidiation. For the good of the City or something like that? I doubt the Council would just stand by and let it happen, or is that all they can do?
I guess as they own the company (on behalf of their investors) they can do what they like. As much as I don't like it, it is their business. As an investment fund their sole aim will be to do whatever is best for their investors.
No they can't, the FA and Football League wouldn't allow them to do it on a whim, they'd have to show that there was no way the club continue under new owners. Football clubs aren't treated just like any other business; they are a part of the community and have a slightly more protected status.
Gouldy also saying he has said all this season long that he has offered to help the club out for nothing but still to this day not received as much as a single phone call from anyone. :facepalm:
No they can't, the FA and Football League wouldn't allow them to do it on a whim, they'd have to show that there was no way the club continue under new owners. Football clubs aren't treated just like any other business; they are a part of the community and have a slightly more protected status.
Sisu are like an agent. Except it is all very secretive and behind closed doors so you don't know who any of the investors are.
They are a secret agent.