covboy1987
Well-Known Member
Is my assumption correct that ACL's reasoning to vote for liquidation rather than CVA was that there would then be an in depth inquiry into the clubs affairs directorships and registering of players etc However, If ACL had agreed a CVA then because of the nature of how these things are set up if there had been any improper actions choosing the CVA route could sweep things under the carpet
If this is the case why is it that the club issuing statements such as “It still mystifies us why ACL voted against the CVA.
as again if i am reading things correctly why would it mystify anybody as ACL are not going to look a gift horse in the mouth and turn down £600,000 if they are not 100% sure three will be an inquiry and their advisers must be quite confident of finding something within that inquiry to turn things completely on its head
If and when something is found and ACL are correct does that mean we go back to square one and the process has to be re-addressed than Otium Entertainment Group who emerged as the successful bidder by the administrator Paul Appleton would either no longer be in the process or down the pecking order of preferred owners
I am certainly no expert on these matters but are we not awaiting a report off the administrator shortly into the way the club was run and if the report comes out that things were run correctly according to Paul Appleton then ACL will appeal this decision and go to court to allow a judge to decide if things were run correctly as they seem to have evidence to the contrary
If this is the case why is it that the club issuing statements such as “It still mystifies us why ACL voted against the CVA.
as again if i am reading things correctly why would it mystify anybody as ACL are not going to look a gift horse in the mouth and turn down £600,000 if they are not 100% sure three will be an inquiry and their advisers must be quite confident of finding something within that inquiry to turn things completely on its head
If and when something is found and ACL are correct does that mean we go back to square one and the process has to be re-addressed than Otium Entertainment Group who emerged as the successful bidder by the administrator Paul Appleton would either no longer be in the process or down the pecking order of preferred owners
I am certainly no expert on these matters but are we not awaiting a report off the administrator shortly into the way the club was run and if the report comes out that things were run correctly according to Paul Appleton then ACL will appeal this decision and go to court to allow a judge to decide if things were run correctly as they seem to have evidence to the contrary