CCFC are going into Admin on 29th July (1 Viewer)

Skybluescotland · Jul 11, 2011

The funds will see the club through untill the 29th July then it's admin for CCFC.

I have been told this by a club Director that i know well and for many years. {This Morning}

SISU are broke and have no idea what to do with the club.

Gutted, but the club has to hit the wall before we can rebuild it IMO.

lordsummerisle · Jul 11, 2011

Skybluescotland said:
I have been told this by a club Director that i know well and for many years. {This Morning}
.

Richard or Judy?

odysseus · Jul 11, 2011

Really??????:claping hands:

Skybluescotland · Jul 11, 2011

odysseus said:
Really??????:claping hands:

yep. Really.

More will come out over the next few days.

Story about the loan is just the first part of the way it will be presented by CCFC.

Ernie Machin · Jul 11, 2011

What larks.

IrishSkyBlue · Jul 11, 2011

Take over bid anyone sell the club for £1 to someone who will invest and has money.

oldskyblue58 · Jul 11, 2011

why wait till 29th? why take additional "finance" now? why tell someone who is going to make it public? why do it when there is income coming in and the season starts on 6th August with a big crowd ?

LarryGrayson · Jul 11, 2011

oldskyblue58 said:
why wait till 29th? why take additional "finance" now? why tell someone who is going to make it public? why do it when there is income coming in and the season starts on 6th August with a big crowd ?

is also illegal to sing players if you know the club cant trade

oldskyblue58 · Jul 11, 2011

Is illegal to do anything if as a Board of directors believe the club is not a going concern and cannot meet its bills as they fall due - they could be personally liable. So if they can see it cant go on the decision should be to call in the administrators now not to wait

Skybluescotland · Jul 11, 2011

oldskyblue58 said:
why wait till 29th? why take additional "finance" now? why tell someone who is going to make it public? why do it when there is income coming in and the season starts on 6th August with a big crowd ?

No money left after then and already spent the coming seasons ST revenu.

It's not tactics, it's just game over for Sissu

skybluesam66 · Jul 11, 2011

club director - the only one on the board who has been around for many years is that John Clarke ? chappie - as you have outed him, he should just come out with what is going on

TheParsonsHose · Jul 11, 2011

Sounds like a load of bollocks to me fueled by the fact that you think we will have no other financing in place by the end of this month.

Ernie Machin · Jul 11, 2011

Chinese whispers. Chinese burns. Chinese chips.

Nonleagueherewecome · Jul 11, 2011

Well the last time someone else came on saying something like this with no real evidence it proved pretty much correct. I'd be surprised if it was that soon, maybe 1st September. But my conspiracy has always been that if we go into admin, SISU will be classed as the main creditors due to the way CCFC Holdings and Sky Blues Sport & Leisure is structured. At least, that's what they hope. Dulieu was involved at trying to pull off something similar at Southampton I think.

Sky Blue Sheepy · Jul 11, 2011

If the fee is £1m from the stories this morning, and the club are losing between £500k - £600k a month, wouldn't £1m last longer than end of this month?

Nick · Jul 11, 2011

Nonleagueherewecome said:
Well the last time someone else came on saying something like this with no real evidence it proved pretty much correct. I'd be surprised if it was that soon, maybe 1st September. But my conspiracy has always been that if we go into admin, SISU will be classed as the main creditors due to the way CCFC Holdings and Sky Blues Sport & Leisure is structured. At least, that's what they hope. Dulieu was involved at trying to pull off something similar at Southampton I think.

So then whoever takes us on still has to pay SISU?

Platt_The_Donkey · Jul 11, 2011

Sky Blue Sheepy said:
If the fee is £1m from the stories this morning, and the club are losing between £500k - £600k a month, wouldn't £1m last longer than end of this month?

the £1M actually will keep the club going for 3 months, which makes sense if the club is losing £4M a year (£1M a quarter)

OyJimmy · Jul 11, 2011

Platt_The_Donkey said:
the £1M actually will keep the club going for 3 months, which makes sense if the club is losing £4M a year (£1M a quarter)

If the club were to already owe a creditor 600,000 by then end of this month then we could go under.

Il Pirata · Jul 11, 2011

Is this tomorrow's CT headline?

Paxman II · Jul 11, 2011

This is fantasy.

lordsummerisle · Jul 11, 2011

OyJimmy said:
If the club were to already owe a creditor 600,000 by then end of this month then we could go under.

But we have no debt, Ranson and all his acolytes been telling us that for years...

Nonleagueherewecome · Jul 11, 2011

We do-it's all to SISU. It's a bit like me charging a company that is actually mine for any losses incured. So technically, we don't. But try telling them that!

Il Pirata · Jul 11, 2011

I heard 12th July.

Nonleagueherewecome · Jul 11, 2011

Nick said:
So then whoever takes us on still has to pay SISU?

Well SISU are probably asking for all the money we "owe" them as part of the terms of a sale. Admin would see them as the main creditor after the football ones and the taxman (in their eyes).

Nick · Jul 11, 2011

We need an oriental fella who will see us as they are in one big game of Football Manager (with unlimited money cheats) like Leicester!

Cobi Jones's Dreads · Jul 11, 2011

Paxman II said:
This is fantasy.

[video=youtube;mq-Ru6kQhE4]http://www.youtube.com/watch?v=mq-Ru6kQhE4[/video]

What's your fan- ta- see?

ccfc2011 · Jul 11, 2011

Thats not good news.

Nick · Jul 11, 2011

How reliable is the source?

Platt_The_Donkey · Jul 11, 2011

its great with chips :blue:

Leicesterfox · Jul 11, 2011

Thought you lot had new investment coming in from the local Chinese Takeaway - mines' Sweet and Sour Pork. Yep may go wrong for us too, but the present is all you ever experience :jerkit:

Leicesterfox · Jul 11, 2011

Nick said:
We need an oriental fella who will see us as they are in one big game of Football Manager (with unlimited money cheats) like Leicester!

You love us really !!

sw88 · Jul 11, 2011

Leicesterfox said:
Thought you lot had new investment coming in from the local Chinese Takeaway - mines' Sweet and Sour Pork. Yep may go wrong for us too, but the present is all you ever experience :jerkit:

Whats happened to you lot signing Premiership class players?? We might have tight / shite owners but atleast we arent just throwing money at any player available in desperation to look good! :jerkit:

ajsccfc · Jul 11, 2011

Someone who works as [SOMETHING ASSOCIATED WITH THE CLUB BUT I CAN'T NAME] has told me that [INSERT JUICY DETAILS HERE], now look at me more.

Nonleagueherewecome · Jul 11, 2011

We just got a mention on Radio 5. They were talking about financial fairplay. Someone said "what about Coventry and the Ricoh Arena?"

blueflint · Jul 11, 2011

i hope it is my lucky season and sisu go

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