CCFC Statement (1 Viewer)
- Thread starter Brighton Sky Blue
- Start date
SlowerThanPlatt
Well-Known Member
As the club has consistently maintained, the players contracts have been registered by CCFC (Holdings) Ltd and registered by the Football League in the name of Holdings for over 10 years - way before Sisu took over the club.
Today's admission by the Football League confirms that.
Despite claims to the contrary, it should also come as no surprise to many of those who have been involved for many years at a senior level at the club and ACL - including former directors and a finance director - that this was the case.
The reason given for refusing the CVA and penalising the club by a further 10 points was their stated aim to undertake an investigation into that which they already knew the answer.
To be clear, players have been contracted to CCFC (Holdings) Ltd and registered as such by the Football League since well before Sisu's takeover when the club was relegated from the Premier League.
The mistake if there was one, was not that the players’ contracts should have been registered in the name of CCFC Ltd, but that the Golden Share should have been registered in Holdings, which owned the beneficial interest in the club.
At least now, with this out in the open and with the club reconstituted, we can get on with the business of running the football club and giving our full support to Steven Pressley and the team.
We would now suggest the City Council and ACL drop their efforts to force a change of ownership of the club - conduct which is now subject to oral argument in the request for judicial review.
Today's admission by the Football League confirms that.
Despite claims to the contrary, it should also come as no surprise to many of those who have been involved for many years at a senior level at the club and ACL - including former directors and a finance director - that this was the case.
The reason given for refusing the CVA and penalising the club by a further 10 points was their stated aim to undertake an investigation into that which they already knew the answer.
To be clear, players have been contracted to CCFC (Holdings) Ltd and registered as such by the Football League since well before Sisu's takeover when the club was relegated from the Premier League.
The mistake if there was one, was not that the players’ contracts should have been registered in the name of CCFC Ltd, but that the Golden Share should have been registered in Holdings, which owned the beneficial interest in the club.
At least now, with this out in the open and with the club reconstituted, we can get on with the business of running the football club and giving our full support to Steven Pressley and the team.
We would now suggest the City Council and ACL drop their efforts to force a change of ownership of the club - conduct which is now subject to oral argument in the request for judicial review.
James Smith
Well-Known Member
More rubbish from our club I see.
Oh, surely they are not thinking of Hoffman and Elliott?
Brighton Sky Blue
Well-Known Member
'We would now suggest the council and ACL stop trying to force a change of ownership'-why, because you think they might actually succeed?
Diehard Si
New Member
No ACL should not drop the attempts to force a takeover as sadly this is our only hope of getting rid of SISU.
Voice_of_Reason
Well-Known Member
Timmy, the club's accounts say otherwise !!!! Players were registered in CCFC Ltd -- you signed the bloody accounts !!!
stupot07
Well-Known Member
Why should ACL say who owns us? They're not interested in the club, they want the surrounding land regenerated which is why they prefer Heskell
Brighton Sky Blue
Well-Known Member
I will happily take their intervention if it removes SISU and brings in new owners who can immediately assume access to stadium revenues one way or another. The ends justify the means.
oldskyblue58
CCFC Finance Director
contracted to holdings and yet all the accounts state they were in CCFC Ltd
and yet their own board minutes in 2008 (after SISU bought in) say that CCFC Ltd was responsible the employment of all football staff, player wages, transfer activities and player registrations plus the golden share
hard to know who to believe isnt it
and yet their own board minutes in 2008 (after SISU bought in) say that CCFC Ltd was responsible the employment of all football staff, player wages, transfer activities and player registrations plus the golden share
hard to know who to believe isnt it
Broken Hearted Sky Blue
Well-Known Member
Sorry but werent the accounts a mess:thinking about:
stupot07
Well-Known Member
I don't trust ACL anymore than I trust Sisu.
And Otium have already bought the assets from ltd.
RegisWinner
New Member
According to Fisher!
Brighton Sky Blue
Well-Known Member
contracted to holdings and yet all the accounts state they were in CCFC Ltd
and yet their own board minutes in 2008 (after SISU bought in) say that CCFC Ltd was responsible the employment of all football staff, player wages, transfer activities and player registrations plus the golden share
hard to know who to believe isnt it
It's pretty easy to believe that all 3 invested parties are quite fond of releasing public statements shifting blame onto other parties and repeatedly talking about 'what is best for Coventry fans' to justify it.
Brighton Sky Blue
Well-Known Member
ACL filed for administration which would have busted out SISU and replaced them with new owners and a football team at the Ricoh. Had this succeeded...
Broken Hearted Sky Blue
Well-Known Member
And only one of the three wants us to travel to Northampton
The other two wants sisu to travel to Northampton.
Broken Hearted Sky Blue
Well-Known Member
Not far enough.
oldskyblue58
CCFC Finance Director
I dont disagree BSB all sides have used PR to their advantage when they needed to
Brighton Sky Blue
Well-Known Member
Greg Clarke's 'Your protest will achieve nothing' statement should lead to his resignation. Real Football, Real Fans, Real Bullshit.
stupot07
Well-Known Member
Would they? Sisu would have been the biggest creditor
Brighton Sky Blue
Well-Known Member
Don't blame them either but action is needed far more than empty words from a jobsworth's desk.
stupot07
Well-Known Member
Just like the student protests should have resulted in mass Lib Dem resignations after they conned students into voting for them on tuition fees...
Brighton Sky Blue
Well-Known Member
They would have refused any CVA, sure, but it's highly likely they would not have been made preferred bidders.
Brighton Sky Blue
Well-Known Member
I'm a student and never voted for them.
SkyblueBazza
Well-Known Member
"Alway's look on the bright side of life". We've lost the club to SISU, the team to Northampton...so we're starting off with nothing - if our protest lead to nothing - what have we lost? NOTHING!
hopesprings
Well-Known Member
Surely this statement from Coventry City Football club again stating that they knew that this registration was with Holdings does confirm that the auditors and the directors of the then CCFCLtd signed accounts that were false. I do believe that this may be illegal and if so the directors do fail the FL fit and proper test !
SkyblueBazza
Well-Known Member
...& surely your corporate responsibility is to only sign them off once YOU are satisfied they are correct?
With you on this one., lets show him how wrong he can be?
Added a crucial sentence ... The CEO is not supposed to be better at accounting or auditing than the experts and is allowed to trust their work.
lordsummerisle
Well-Known Member
If it was 10 years ago, then Elliott and Hoffman would be pretty fucked as well wouldn't they?
Good, get rid of the current lot, and have nobody associated with them from the past either.
Would get my vote.
Brighton Sky Blue
Well-Known Member
The League needs to be regulated by a higher authority which is accountable to the public.