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Football league to consider outstanding debt sisu owe acl (1 Viewer)

  • Thread starter AFCCOVENTRY
  • Start date Jul 11, 2014
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bigfatronssba

Well-Known Member
  • Jul 11, 2014
  • #71
Nick said:
By rights didn't acl wave goodbye to the money when they rejected the cva but the fl added a condition.

If the fl turn round and say it's not owed now, isn't that it?

Is there anything legally from administration etc forcing it to be paid?
Click to expand...

As far as I'm aware it isn't a legal debt, however it is a contractual one.

How can you expect ACL to deal with people who have at least twice broken their contractual agreements. How can any supplier to CCFC trust them to pay their debts?

I shudder to think what Otium's credit rating is like.
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Jul 11, 2014
  • #72
limoncello said:
The deal is between the FL and Sisu, so how can the FL be a third party?
Click to expand...

So you're saying the money owed is owed to the Football League?
 
L

limoncello

Guest
  • Jul 11, 2014
  • #73
Broken Hearted Sky Blue said:
So you're saying the money owed is owed to the Football League?
Click to expand...

Yes, that's exactly what I'm saying. Ffs.
 

Grendel

Well-Known Member
  • Jul 11, 2014
  • #74
bigfatronssba said:
As far as I'm aware it isn't a legal debt, however it is a contractual one.

How can you expect ACL to deal with people who have at least twice broken their contractual agreements. How can any supplier to CCFC trust them to pay their debts?

I shudder to think what Otium's credit rating is like.
Click to expand...

The football league is the people who otium have the contract with.
 

bigfatronssba

Well-Known Member
  • Jul 11, 2014
  • #75
Grendel said:
The football league is the people who otium have the contract with.
Click to expand...

I've never said otherwise, they've still broken it though.
 

oldskyblue58

CCFC Finance Director
  • Jul 11, 2014
  • #76
Nick said:
By rights didn't acl wave goodbye to the money when they rejected the cva but the fl added a condition.

If the fl turn round and say it's not owed now, isn't that it?

Is there anything legally from administration etc forcing it to be paid?
Click to expand...

There is a problem in that though for the FL Nick

They could say that certainly but they imposed the £590k condition as part of their insolvency policy. Should it be seen that the policy is nothing more than a set of arbitrary regulations that can be chopped and changed to suit the whim at the time then it calls them in to question. I would guess the likes of HMRC would be very interested in such a resolution should it happen. There is a danger that the whole football creditors rule could be exposed and lost. That has huge implications for football in general and could change things entirely, in much the same way Bosman changed things then this could become the SISU ruling perhaps?
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Jul 11, 2014
  • #77
limoncello said:
Yes, that's exactly what I'm saying. Ffs.
Click to expand...

For what? Ffs
 
M

martcov

Well-Known Member
  • Jul 11, 2014
  • #78
limoncello said:
The deal is between the FL and Sisu, so how can the FL be a third party?
Click to expand...

Did the FL not inform ACL that they had an agreement that SISU would pay them? That's three parties in the picture. The FL having been sloppy with players registrations and not being sure themselves who had their golden share. Maybe ACL had something on them which they used to get the league involved.... Strange that the league should be helping ACL,
 
L

limoncello

Guest
  • Jul 11, 2014
  • #79
martcov said:
Did the FL not inform ACL that they had an agreement that SISU would pay them? That's three parties in the picture. The FL having been sloppy with players registrations and not being sure themselves who had their golden share. Maybe ACL had something on them which they used to get the league involved.... Strange that the league should be helping ACL,
Click to expand...

Yes, the FL had an agreement with Sisu. That doesn't make the FL a third party. Which was my point.
 
M

martcov

Well-Known Member
  • Jul 11, 2014
  • #80
limoncello said:
Yes, the FL had an agreement with Sisu. That doesn't make the FL a third party. Which was my point.
Click to expand...

Yes, but. The fl fobbed ACL off saying that SISU would pay. Ml confirmed ACL would be paid. Are you saying that the fl's word is meaningless? Grendel says the fl will now decide how much they will pay. What a joke. A deal is a deal - the creditor and his professional body don't decide how much of the deal now will be honoured. Pay your debts Mark.
 

Grendel

Well-Known Member
  • Jul 11, 2014
  • #81
martcov said:
Yes, but. The fl fobbed ACL off saying that SISU would pay. Ml confirmed ACL would be paid. Are you saying that the fl's word is meaningless? Grendel says the fl will now decide how much they will pay. What a joke. A deal is a deal - the creditor and his professional body don't decide how much of the deal now will be honoured. Pay your debts Mark.
Click to expand...

That's just not true though it is not a debt
 
L

limoncello

Guest
  • Jul 11, 2014
  • #82
What is all this 'are you saying...' nonsense? I'm saying what I'm saying which was that the FL are not a third party in this matter. Are you saying that Fred Astaire was a shit dancer?
 

RegTheDonk

Well-Known Member
  • Jul 11, 2014
  • #83
Grendel said:
Was this before or after we learned if the £300,000 payment?

If the league decide to net that off then they legitimately will only pay the balance.

Anyway the report confirms the money is paid.
Click to expand...

So, assuming the FL do honor their previous statement and give ACL £290K because of the sum above .... who gets the £300K?

The club/SISU?

Or do they keep it and put it towards fixing their useless android app.
 
D

dongonzalos

Well-Known Member
  • Jul 11, 2014
  • #84
The football league are just going to say pay up or it's a ten point deduction.
It's just annoying that after a deadline of May 31st they are going to wait till next month.
If they did it now SISU would pay and talks could begin
 
D

dongonzalos

Well-Known Member
  • Jul 11, 2014
  • #85
Is it right that with the Academy we were about to lose our status so when actually backed into a corner SISU paid their debts and a deal was done.
 
M

martcov

Well-Known Member
  • Jul 11, 2014
  • #86
limoncello said:
What is all this 'are you saying...' nonsense? I'm saying what I'm saying which was that the FL are not a third party in this matter. Are you saying that Fred Astaire was a shit dancer?
Click to expand...

The fl have a deal with SISU that SISU pay a third party - ACL. I think we can agree on that.
 

letsallsingtogether

Well-Known Member
  • Jul 11, 2014
  • #87
Calm down we may need to get a third party in to close this thread.




NNNNNNNNNNNNNNNNNNNNICKKK

Fred is a shit dancer now he dead


limoncello said:
What is all this 'are you saying...' nonsense? I'm saying what I'm saying which was that the FL are not a third party in this matter. Are you saying that Fred Astaire was a shit dancer?
Click to expand...
 
M

martcov

Well-Known Member
  • Jul 11, 2014
  • #88
Grendel said:
That's just not true though it is not a debt
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It depends what you call a debt. If someone says to me, you will be paid for whatever reason, then he owes me the money. It may be difficult to enforce though and in this case it depends upon the deal between the fl and OEG.

Why did this happen in the first place? What did ACL have in their hands to put pressure on the league to make it a condition of OEG getting the golden share? Why should the league, in effect, intervene in a commercial dispute between one of it's members and the landlord? and on the landlord's side?

How come no-one noticed the guarantors at the time? I find it hard to believe that SISU had not studied their lease agreement and what would happen should they stop paying.
 
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