No doubt I'll be branded a SISU apologist (which I'm not) but it isn't unusual to see remarks like that made in the decision of a judge/arbitrator/adjudicator.
Often you will have two parties saying completely different things, without written evidence backing up either side, and it will be for the judge to decide, and substantiate with reasons, which party he believes.
I think the language used here was a bit more "robust" than that usually employed on such occasions.
8 Sisu Capital £17m
Hedge fund Sisu Capital bid for several debt-ridden football clubs, before saving Coventry City FC from administration this year.
The mysterious Mayfair fund, co-founded by traders Joy Seppala and Dermot Coleman, made pre-tax profits of £17m last year, primarily by buying up bad debt.
The fund often resorts to hard-ball courtroom tactics to get what it wants.
Sisu's glamorous Finnish-American chief executive, Ms Seppala, has been described as one of the stock market's boldest traders. Indeed, Sisu means "inner fortitude, strength and guts" in Finnish.
The fund blocked a £381.5m refinancing deal for troubled hotel chain Welcome Break in 2004, securing full pay-outs for creditors.
But Ms Seppala was censured by a High Court judge in 2006 when Sisu's bid for a better deal from debt-ridden power company TXU Europe failed.
I havent a bloody clue whats going on here
I know everyone on here has ben doing an unintentional law degree over the past few years, but a lot of today is bloody confusing !
not wrong there, I know far more about football finance, company law and administration then I ever wanted to, what happened to just turning up at 3pm on a Saturday afternoon to watch a match?!
And jumpers for goalposts! *sigh*
not wrong there, I know far more about football finance, company law and administration then I ever wanted to, what happened to just turning up at 3pm on a Saturday afternoon to watch a match?!
so after all this shit weve lost 10 points and playoff hopes gone.no ground and still owned by sisu?
so after all this shit weve lost 10 points and playoff hopes gone.no ground and still owned by sisu?
Do we know who asked for the adjournment? Who's trying to buy more time here..
Fisher doesn't have a club to be CEO of.
They will be pulling the strings of the administaror
We could be relegated this season. -25 pts possible based on some of the telegraph articles. The League may just hit us with it this season. Also -10 when they come out of admin.
SISU are currently defending very deep and using a lot of time wasting tactics to upset the opposition. I hope the ref doesn't fall for their underhand tactics!
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