Cat 2 academy can only exist where the golden share is (1 Viewer)

how is this golden share still an issue, why couldn't the administrator answer this by day 2 at the latest, it gives me no confidence in his ability or impartiality

Noggin said:

how is this golden share still an issue, why couldn't the administrator answer this by day 2 at the latest, it gives me no confidence in his ability or impartiality

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I guess this new issue proves the whereabouts of the share is still unknown. We now have two separate issues to deal with, and the club are saying one of the issues is in Holdings and the other in CCFC Ltd. both though must be in the same oner per football league rules.

AFCCOVENTRY said:

Still to this day there is no clear answer on where the golden share is.

Crazy.

League put CCFC into admin because regardless of which entity the share is in, it views any company part of the club the same, hence -10 deduction.

Problem is Haskell bid don't know if ltd have the share or not. If it does it makes an approach for takeover easier but if it's in holdings the it's complicated as Sisu are in charge of that company.

Right royal mess and a royal mess structured on purpose by Sisu.

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Thing is doesn't Haskell need to acquire Holdings and SBS+L, otherwise he's still just owning a subsidiary?

AFCCOVENTRY said:

Still to this day there is no clear answer on where the golden share is.

Crazy.

League put CCFC into admin because regardless of which entity the share is in, it views any company part of the club the same, hence -10 deduction.

Problem is Haskell bid don't know if ltd have the share or not. If it does it makes an approach for takeover easier but if it's in holdings the it's complicated as Sisu are in charge of that company.

Right royal mess and a royal mess structured on purpose by Sisu.

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Were at appeal, nothing is going to be released till after that decision has been made.

I am sure the whereabouts of the Golden Share is known and is why Elliott and Hoffman have made their move publically. But at the moment there is an appeal from sisu about the points deduction and the administration issue is still at court, nothing will happen until they are out of the way.

Brighton Sky Blue said:

Thing is doesn't Haskell need to acquire Holdings and SBS+L, otherwise he's still just owning a subsidiary?

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A subsidiary can be bought by an outside party and would become an independant compamy in it's own right or a subsidiary of a different group of companies. If CCFC Limited has the Golden Share etc, then this is in essence the club and that would be all Haskell would need to acquire. SISU then are left with two (or more) husks of companies with no real worth and no rights over the club whatsoever.

I suspect the complications may arise with Golden Share in one company and player registrations and contracts in another, despite the fact that this is prohibited as per Football League regulations. Could the fottball league force the issue and state contracts are intrinsically tied to golden share, in which case if its with Limited then Haskell is laughing (and we the fans are having a monster 'SISU out' party!).