Is this another ACL love fest on a CCFC forum? More lube anyone?Oh I think you'll find ACL are keeping their powder well and truly dry, this isn't finished by a long way mark my word
Why is it that today I am questioning my strongly held belief that ACL and CCC were taking the correct approach in the SISI – CCFC debacle. I had believed that ACL – CCC had very strong and compelling reasons for rejecting the CVA (A stance I supported) but today, they state that they will not be challenging Appleton if he proceeds the liquidate CCFC.
If there is no challenge, why then reject the CVA? That action precipitated the deduction of 10 points. I had assumed that behind the scenes the Legal beagles had a plan, and were playing the long game. ACL have the ball in their court at this moment, I had hoped for a back hand smash for a winner. I fear that I and many more may be disappointed.
If there is no challenge then frankly I am mystified why they rejected the CVA. That worries me as Timmy was also mystified, and I don't want to be like him.
http://www.coventrytelegraph.net/news/coventry-news/ricoh-arena-owners-rule-out-5842597
One thing that surprised me in that article was that Higgs apparently voted FOR the original CVA. I didn't know that. Was that information in the public domaine already?
Yes, Higgs Centre, rather than Higgs Charity/ACL type thingy
Yes, Higgs Centre, rather than Higgs Charity/ACL type thingy
When they say there is no challenge, that means that they want the full investigation that liquidation brings to go ahead?
They can challenge the findings of liquidation later in the process if needed. No?
Had the acl admin gone ahead then yes, last seasons 10 points was down to them. Lets not forget they applied for that as they were owed over £1million unpaid rent.
However sisu probably knowing full well they wouldn't get a look in with acl appointed administrator put club in themselves, so actually it is down to them. Why did they do it? To buy the club back off themselves and shaft acl.
This seasons you could also say yes, it is, however hmrc also voted against the Cva, someone correct me if I'm wrong but this would have meant liquidation even if acl accepted?
Appleton, sisu backed acl and football league into a corner by selling everything during admin so fl had no option but to give them the share...that and the threat of legal action...
It was£700 owed to hmrc which was a result of going into adminstrationHmrc always vote against CVA due to the preferred status given to football over itself. If ACL had accepted the CVA it would have gone through due To the minor percentage owed to hmrc.
Well I want Sisu gone and Cov back in Cov but I think CCC and ACL could nt give a hoot about City.
The two 10 point reductions are down to them.
Had the acl admin gone ahead then yes, last seasons 10 points was down to them. Lets not forget they applied for that as they were owed over £1million unpaid rent.
However sisu probably knowing full well they wouldn't get a look in with acl appointed administrator put club in themselves, so actually it is down to them. Why did they do it? To buy the club back off themselves and shaft acl.
This seasons you could also say yes, it is, however hmrc also voted against the Cva, someone correct me if I'm wrong but this would have meant liquidation even if acl accepted?
Appleton, sisu backed acl and football league into a corner by selling everything during admin so fl had no option but to give them the share...that and the threat of legal action...
If the ACL administration had been run, why would the outcome have been any different? I am really struggling with this idea.....
If the ACL administration had been run, why would the outcome have been any different? I am really struggling with this idea.....
Preston Haskell IV said:I personally met with Mr. Paul Appleton and think he and his colleagues, bound by the laws and rules of an official legal process have been very professional throughout this difficult undertaking. His job wasn't easy but it was done according to the law, and appropriately managed.
Different administrator. ACL wanted Guiffoyle (or however you spell that blokes name) which was the guy making comments all the way through with the CET.
Different administrator could have brought a different outcome but who knows?
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