Bond Not Payable Until End Of Third Year !!!! (1 Viewer)

Sub · Jul 10, 2013

City Have Three Years To Pay FL Bond

By Covsupport News Service
Updated Wednesday, 10th July 2013
Views: 165

Coventry City RSS Feed

Bond Not Payable Until End Of Third Year
According to Tim Fisher, Coventry City have three years to pay the £1m bond being sought by the Football League.
The League have asked for a bond to be guaranteed as part of permitting Coventry City to play their home games at Northampton Town's Sixfields Stadium but the bond is not due to be paid until the end of the third year.

Nick · Jul 10, 2013

Surely the point of a bond is to put it up, up front?

chiefdave · Jul 10, 2013

that can't be right, even the FL can't be that stupid!

Sub · Jul 10, 2013

The FL have well and truly fucked us over :slap::slap::slap::jerkit:

Moff · Jul 10, 2013

Nick said:
Surely the point of a bond is to put it up, up front?

They are a complete shambles, how the hell the league works I have no idea with what appears to be a bunch of f*ckwits in charge

RegTheDonk · Jul 10, 2013

you have to laugh, f*cking joke isn't it

torchomatic · Jul 10, 2013

Nice one, FL. You're not the brightest, are you?

Nick · Jul 10, 2013

The football league do seem to be changing a lot of rules and allowing things to be changed.

Could they have some sort of evidence that does show SISU as goodies and ACL / Council baddies or anything that is making them help so much?

italiahorse · Jul 10, 2013

I'm losing the will to live ..............

It's like paying your £1M bail when you come back to court.
If you don't come back you owe us £1M
If you come back bring the £1M with you.

We are fighting a losing battle.

italiahorse · Jul 10, 2013

Nick said:
The football league do seem to be changing a lot of rules and allowing things to be changed.

Could they have some sort of evidence that does show SISU as goodies and ACL / Council baddies or anything that is making them help so much?

Yes they do. It was provided by a Mr T. Fisher.

wingy · Jul 10, 2013

Nick said:
The football league do seem to be changing a lot of rules and allowing things to be changed.

Could they have some sort of evidence that does show SISU as goodies and ACL / Council baddies or anything that is making them help so much?

Its been suggested a few times that there has been FL incompetence re transfer of Player registrations ETC which could expose them to action ,therefore have gone along with shananigans

DazzleTommyDazzle · Jul 10, 2013

Sub said:
City Have Three Years To Pay FL Bond

By Covsupport News Service
Updated Wednesday, 10th July 2013
Views: 165

Coventry City RSS Feed

Bond Not Payable Until End Of Third Year
According to Tim Fisher, Coventry City have three years to pay the £1m bond being sought by the Football League.
The League have asked for a bond to be guaranteed as part of permitting Coventry City to play their home games at Northampton Town's Sixfields Stadium but the bond is not due to be paid until the end of the third year.

If that is true then.....

Well, to be honest, words fail me!

If anyone knows who dealt with this for the FL could they please let me have his details - there are some shares in a South American spaghetti farm that I'm sure I can persuade him to invest in!

oldskyblue58 · Jul 10, 2013

wonder who gave the promisory note ....... SISU, Otium, or CCFCH ? Would be interesting if that was in a different company to the players & share wouldnt it. Change the group structure again shift a few assets then wind up the company with the £1m debt..................... not like it hasnt been done before.......

But i am sure the FL have it all covered..................... surely..... wouldnt they ............... ?

They also have a clear definition of what constitutes the Connurbation dont they ??? no room for changes there..............?

Couldnt make this up could you :facepalm:

Otis · Jul 10, 2013

torchomatic said:
Nice one, FL. You're not the brightest, are you?

Punter: Is that right, you have a car for sale?

FL: Yes. Here it is.

Punter: Can I take it for a test drive?

FL: Sure.

Punter: I'll just drive up to Scotland, give it a go for a couple of days and if I like it I will pay you when I come back.

FL: Cool. Off you go then.

Punter: Don't you need my name and phone number and address details?

FL: No, that's fine. See you in a couple of days.

Vvrrrrrrrrrrrrrrrooooooooooooooooooooooooooooom

_brian_ · Jul 10, 2013

The name's Bond. Unpaid Bond! LOL!!! Love it!

Evo1883 · Jul 10, 2013

whats the betting after 3 years fisher and co put ccfc into admin again so they only have to pay the creditors a reduced fee lol. the FL will end up getting 10k and a new SISU consortium in charge of ccfc aided by oh yes mr appleton

RoboCCFC90 · Jul 10, 2013

If this is true than the FL live on a different planet..

ajsccfc · Jul 10, 2013

That's Northampton Town and now the Football League who've looked at SISU and decided 'no worries lads, we know you're good for it'. It's Bizarro World.

Skybluesquirrel · Jul 10, 2013

wingy said:
Its been suggested a few times that there has been FL incompetence re transfer of Player registrations ETC which could expose them to action ,therefore have gone along with shananigans

If the transfer of the layers registrations took place outside of the transfer windows, then the FL fall foul of FIFA's statutes. The transfer had to be done before the end of the transfer window last summer. If you want more background, its covered here:

http://aprisonofmeasuredtime.wordpr...-club-is-not-a-football-club-without-players/

If it wasn't last summer, then the FL 'help SISU out' by pushing it through at a later stage and then that help gets used against them. Surely SISU wouldn't do something like that...?

Skybluesquirrel · Jul 10, 2013

CraigSBA said:
whats the betting after 3 years fisher and co put ccfc into admin again so they only have to pay the creditors a reduced fee lol. the FL will end up getting 10k and a new SISU consortium in charge of ccfc aided by oh yes mr appleton

Directors/Companies can only go through one administration according to FL rules.

Actually, what am I saying? The FL regs don't actually mean anything do they...

torchomatic · Jul 10, 2013

With Joy as Miss NoMoneypennyMore?

_brian_ said:
The name's Bond. Unpaid Bond! LOL!!! Love it!

duffer · Jul 10, 2013

Sub said:
City Have Three Years To Pay FL Bond

By Covsupport News Service
Updated Wednesday, 10th July 2013
Views: 165

Coventry City RSS Feed

Bond Not Payable Until End Of Third Year
According to Tim Fisher, Coventry City have three years to pay the £1m bond being sought by the Football League.
The League have asked for a bond to be guaranteed as part of permitting Coventry City to play their home games at Northampton Town's Sixfields Stadium but the bond is not due to be paid until the end of the third year.

Surely this isn't possible. Could the FL be any more incompetent?

DazzleTommyDazzle · Jul 10, 2013

CraigSBA said:
whats the betting after 3 years fisher and co put ccfc into admin again so they only have to pay the creditors a reduced fee lol. the FL will end up getting 10k and a new SISU consortium in charge of ccfc aided by oh yes mr appleton

I think that the bookies are refusing to take bets on this!

DazzleTommyDazzle · Jul 10, 2013

duffer said:
Surely this isn't possible. Could the FL be any more incompetent?

Give them time - I expect they'll manage to.

fernandopartridge · Jul 10, 2013

The FL showing sympathy to a football club in a difficult position where its landlords couldn't?

DazzleTommyDazzle · Jul 10, 2013

fernandopartridge said:
The FL showing sympathy to a football club in a difficult position where its landlords couldn't?

Or: The FL disregarding its own rules to bend over backwards for an organisation that has manufactured a dispute to further its own agenda of obtaining a property asset on the cheap.

I guess you take your pick....

Sky blue north east · Jul 10, 2013

Im thinking sending police round to the football league because if this is true then surely these people have mental health issues!!!!!

_brian_ · Jul 10, 2013

Sky blue north east said:
Im thinking sending police round to the football league because if this is true then surely these people have mental health issues!!!!!

That sounds very similar to the story about the Football League sending police around to Nigel the hunger striker's house!

BrisbaneBronco · Jul 10, 2013

I swear, I'm gonna wake up soon and everything that's happened has been a terrible dream

sky blue john · Jul 10, 2013

i would have thought the league would have just held back some of the tv revenue ?

mrbluesky1984 · Jul 10, 2013

Has Greg Clarke and his cronies made up new rules this year or is Timothy Donald fisher talking shiiiiiteee

ccfcway · Jul 10, 2013

laughable......

wonder if Northampton have agreed for rent to be paid at the end of each year

eamo63 · Jul 10, 2013

talk is could be away up to 5 years will they also take 5 years now to pay the bond

cloughie · Jul 10, 2013

Don't worry everyone CCFC Ltd have promised to pay the 1 million ......................just after sisu liquidate them

cloughie · Jul 10, 2013

fernandopartridge said:
The FL showing sympathy to a football club in a difficult position where its landlords couldn't?

Well that would be right up your bullshit street wouldn't it

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