Full house vs Bristol city? (1 Viewer)

Grendel · Jul 21, 2013

I'm unsure if ACL reject the CVA what happens in the 28 day cooling off period.

I suspect that the administrator needs to find a venue for game one and I cannot see if ACL offer the ground FOC how it can be anywhere else.

So, the biggest message of all surely? 31,000 Coventry fans inside the Ricoh?

Noggin · Jul 21, 2013

People are talking like the deal goes through if ACL reject the CVA, I don't see how thats true, Appleton and Fisher have both said ACL get 0.5p in the pound if they reject the CVA, for that to be true there can't be the money coming in from Otium and so it follows that means Otium have then not purchased anything. I don't see how it can be true that the deal goes through and ACL get 0.5p.

The 28 day cooling off period is if the deal goes through, I dont see that there is a 28 day period if the CVA is rejected, surely it's then either liquidation or resale attempt.

Grendel · Jul 21, 2013

Noggin said:
People are talking like the deal goes through if ACL reject the CVA, I don't see how thats true, Appleton and Fisher have both said ACL get 0.5p in the pound if they reject the CVA, for that to be true there can't be the money coming in from Otium and so it follows that means Otium have then not purchased anything. I don't see how it can be true that the deal goes through and ACL get 0.5p.

The 28 day cooling off period is if the deal goes through, I dont see that there is a 28 day period if the CVA is rejected, surely it's then either liquidation or resale attempt.

The other bidders including PH4 must have offered less.

Sky Blue Harry H · Jul 21, 2013

[h=2]Full house vs Bristol city?[/h]Grendel - When I saw the thread title, I thought you were inviting us all round to your house for a shandy to listen to it on CWR - disappointed. It'll have to be a swift one at the Ricoh, or Jimmy's Hill or wherever, now:laugh:

jesus-wept · Jul 21, 2013

I believe in cash terms otium offered 1.5million and 25.9p in the pound. When the debt is said to be £70.9 million that's a lot of wedge about 17 million if my maths are correct. if I am right does that indicates sisu might accept about 20 million to bugger off or is that too simple

ccfcway · Jul 21, 2013

jesus-wept said:
I believe in cash terms otium offered 1.5million and 25.9p in the pound. When the debt is said to be £70.9 million that's a lot of wedge about 17 million if my maths are correct. if I am right does that indicates sisu might accept about 20 million to bugger off or is that too simple

yep

they have just moved the debt. Make not mistake about it, we are still 70 million in debt to SISU

Ripbuster · Jul 21, 2013

ccfcway said:
yep

they have just moved the debt. Make not mistake about it, we are still 70 million in debt to SISU

Yep t'was moved from one draw of the filing cabinet to the other..

Noggin · Jul 21, 2013

Grendel said:
The other bidders including PH4 must have offered less.

I think you completely misunderstood everything I wrote. Your response doesn't go with what I said at all. What the other bidders offered is completely irrelevant to what I was talking about.

cloughie · Jul 21, 2013

Grendel said:
The other bidders including PH4 must have offered less.

it would have been impossible to out bid them with their ability to right off paper debt invented by invoicing from 1 sisu company to another to dowhat avoid a takeover

I'm Sure you know this yet ...................

dongonzalos · Jul 22, 2013

jesus-wept said:
I believe in cash terms otium offered 1.5million and 25.9p in the pound. When the debt is said to be £70.9 million that's a lot of wedge about 17 million if my maths are correct. if I am right does that indicates sisu might accept about 20 million to bugger off or is that too simple

20 million and you take their debt.

fernandopartridge · Jul 22, 2013

jesus-wept said:
I believe in cash terms otium offered 1.5million and 25.9p in the pound. When the debt is said to be £70.9 million that's a lot of wedge about 17 million if my maths are correct. if I am right does that indicates sisu might accept about 20 million to bugger off or is that too simple

I would expect £35m in cash would buy them out. Not the piddling amounts that white knights like PHV are prepared to offer.

letsallsingtogether · Jul 22, 2013

Sisu have been heard to say they wouldn't sell at any price that leaves us in dire trouble as to what they actually want to do with our club.

fernandopartridge said:
I would expect £35m in cash would buy them out. Not the piddling amounts that white knights like PHV are prepared to offer.

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