CCFC Ltd or Holding Company (1 Viewer)

Big_Ben said:

So many comments, ranging from the erudite to the ridiculous, from gloomy optimism to outright fantasy.
There's a point that's left me more than a little confused about the latest move by ACL to push for administration (as opposed to liquidation), and it's about the status of the company which is threatened with administration.
A post a few days ago (days, weeks, years - it seems to have been going on forever) was made about CCFC Ltd being the limited entity that ran the day to day operation of the football club, including the contract with ACL for the Ricoh, and this entity was virtually penniless anyway as all of the valuable stuff is held by CCFC Holdings Ltd - the football league registration, the players' registrations, etc, etc.
So, I'm presuming that the ACL action has to be against CCFC Ltd as that is who the ACL contract is with, whilst CCFC Holdings Ltd are not part of the action, and as such will still keep hold of the key cards regarding the league status and players if any bidder can be found to buy whatever it is that the administrator, if it gets that far, can actually sell.

Ranters and smart arses need not respond, I've read most of that ad infinitum, but I would be grateful if someone could clarify this for me.

Thanks.

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VegetableSamosa said:

Coming from people I know in the Council, it is against the Holdings company and the Football arm will not be effected. SISU are apparently quite adept at splitting their business and moving funds and debts between different companies under the same name. However, we do stand to lose playing at the Ricoh.

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