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its liquidation (1 Viewer)

  • Thread starter skybluesam66
  • Start date Aug 2, 2013
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James Smith

Well-Known Member
  • Aug 2, 2013
  • #106
Sky Blues said:
Anyone else just feeling numb?
Click to expand...

Yes and Angry and Homeless.
 

Sky Blue Sheepy

New Member
  • Aug 2, 2013
  • #107
Ricoh Arena/ACL says it rejected CVA in best interests of #CCFC & fans against owners who brought "catastrophic insolvency"
I don't see what benefit there is? We start on -15 at best, the share will be handed to SISU and we still play in Northampton so we're a league 2 club with the same owners + still no ground. Where's the benefit?!
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #108
true sky blue said:
good, now the council get a big fat £0,

ACL will be bust within 1 year and guess who will buy the ricoh???!!!!
Click to expand...

Says the person (and I use that term lightly) who said and I quote:

true sky blue said:
we are playing at the ricoh. chill - its a defo
Click to expand...
(my bolding & colouring)

http://www.skybluestalk.co.uk/threa...nership-!?p=501924&highlight=chill#post501924

:facepalm:
 
Last edited: Aug 2, 2013
S

SkyblueBazza

Well-Known Member
  • Aug 2, 2013
  • #109
covcity4life said:
who has liquadated us? sisu or council?

by taking action they actually brought it to pass

epic fail deosnt even begin to sum it up.
Click to expand...

It was the administrator
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #110
wes_cov said:
I can't help but look back at Tim Fishers comments "why would SISU sell where were at the bottom of the cycle". new lows every fucking day
Click to expand...

Why when Tim and Bottom come up do I wish he'd disappear up his own one.
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #111
covcity4life said:
fuck the council for putting us into admin when we on course for playoffs,and dont give me that tim threatened liquadation shit!

and fuck sisu for not taking rent agreement, spiteful bastards
Click to expand...

Were we fuck only one set of rats responsible for this and thats SISU
 

ajsccfc

Well-Known Member
  • Aug 2, 2013
  • #112
I'm glad ACL have my best interests at heart. It doesn't really feel like they've done me a favour today for some reason though.
 

SkyBlue_Bear83

Well-Known Member
  • Aug 2, 2013
  • #113
So.... predictions for Crawley away tomorrow?
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #114
Grendel said:
They have helped the club -- they have sanctioned an alternate ground. Portsmouth exited the administration process correctly. The council have decided that will not happen in our case.
Click to expand...

By sanctioning the groundshare they are adding legitimacy to the idiotic notion that the Ricoh isn't available for use. They went to some lengths to refuse any other bidder for Portsmouth except the fans trust and broke their own rules on the dates for points deductions during a league season.

They are as complicit as anybody.
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #115
grego_gee said:
Maybe we won't get -15 or any deduction?
It wasn't the club that rejected the CVA, it was the wicked landlord!
I don't see why we should get penalised for something outside our control?

imp:
Click to expand...

The figure quoted applies for those leaving admin without a CVA. Holdings never has been in that situation and as the actual footballing entity shouldn't be hit further.
 
T

true sky blue

Guest
  • Aug 2, 2013
  • #116
James Smith said:
Says the person (and I use that term lightly) who said and I quote:

(my bolding & colouring)

http://www.skybluestalk.co.uk/threa...nership-!?p=501924&highlight=chill#post501924
Click to expand...



still think we will be to be honest. there still posturing like babies at the mo give it some time
 

DazzleTommyDazzle

Well-Known Member
  • Aug 2, 2013
  • #117
Grendel said:
They have helped the club -- they have sanctioned an alternate ground. Portsmouth exited the administration process correctly. The council have decided that will not happen in our case.
Click to expand...

Sanctioning the groundshare was certainly helpful to SISU, but was in no way helpful to the club.
 

Nick

Administrator
  • Aug 2, 2013
  • #118
Apparently HMRC turned it down too?
 

Sky Blue Kid

Well-Known Member
  • Aug 2, 2013
  • #119
Government interest now....The plot thickens.
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #120
true sky blue said:
good, now the council get a big fat £0,

ACL will be bust within 1 year and guess who will buy the ricoh???!!!!
Click to expand...

Actually I just thought this, Ltd had the option to buy the Higgs share that has now ceased I think, I'll try and find the relevant info later. But if so then they're free to sell to whoever, and that could be PH4 for example. So he could quite happily buy that share and the council would probably be happier to sell to him.

When SISU get bored of having no fans at Sixfields watching lower league football at what was once our club and actually don't do any work on the White Elephant stadium what are they going to do? Unless the reason SISU din't take that last offer was to distress ACL then I don't understand why they didn't take it. Financially we would have been far better off under FFP at the Ricoh the F&B was still on the table as well wasn't it? I think someone said it was maybe OSB58.
 

James Smith

Well-Known Member
  • Aug 2, 2013
  • #121
Nick said:
Apparently HMRC turned it down too?
Click to expand...

Curiouser and Curiouser.
 

The Reverend Skyblue

Well-Known Member
  • Aug 2, 2013
  • #122
covcity4life said:
well said

its crazy how many so called ccfc fans didnt want the club to have any viable income streams

they are celebrating today no doubt.
Click to expand...

Have you proved this claim yet !!! or will you keep changing the subject
 
C

CovFan

Well-Known Member
  • Aug 2, 2013
  • #123
HMRC rejected CVA

Wonder what they know about the situation.
 

The Penguin

Well-Known Member
  • Aug 2, 2013
  • #124
grego_gee said:
Maybe we won't get -15 or any deduction?
It wasn't the club that rejected the CVA, it was the wicked landlord!
I don't see why we should get penalised for something outside our control?

imp:
Click to expand...

Let us know when you're returned from cloud cuckoo land, yeah?

Can you imagine the outcry from Rotherham, Leeds et al if we got away with this? It would make even more of a mockery of the Football League than has already been made of them by themselves.

Also, I really don't think it matters who rejected the CVA.

Agree with your last line though. Well, insofar as it applies to us, the supporters, who are being shafted once again.
 

The Penguin

Well-Known Member
  • Aug 2, 2013
  • #125
Brighton Sky Blue said:
The figure quoted applies for those leaving admin without a CVA. Holdings never has been in that situation and as the actual footballing entity shouldn't be hit further.
Click to expand...

Was that not suggested by many on here last year when we were given our initial points penalty? Didn't seem to matter. The FL apparently view all related companies as linked, it seems.
 
H

Houdi

Well-Known Member
  • Aug 2, 2013
  • #126
In truth what has changed today? A non-trading shell company will be liquidated. There was no indication even if the CVA had been signed that SISU were intent on returning to the Ricoh. At least now there can be a proper investigation into how the club has been 'managed' or mismanaged. The vast majority of the fans have no intention of going to Northampton, so the 15 point reduction although hurting the club, must also hurt SISU.
CCFC have effectively already left Coventry, today just confirms that.
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #127
The Penguin said:
Was that not suggested by many on here last year when we were given our initial points penalty? Didn't seem to matter. The FL apparently view all related companies as linked, it seems.
Click to expand...

Back then which business was the actual club was under major dispute. If it (the GS) is now awarded back to Holdings then there is no doubt.
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #128
It should also be emphasised to the League that this is not a classic case of a club running out of money and defaulting-this is careful manipulation by the club's owners aimed at targeting ACL.
 

The Penguin

Well-Known Member
  • Aug 2, 2013
  • #129
Brighton Sky Blue said:
Back then which business was the actual club was under major dispute. If it (the GS) is now awarded back to Holdings then there is no doubt.
Click to expand...

Good point.

If we don't get penalised then I shall unreservedly apologise to grego_gee, and move to cloud cuckoo land with him :wave:
 

stupot07

Well-Known Member
  • Aug 2, 2013
  • #130
Brighton Sky Blue said:
It should also be emphasised to the League that this is not a classic case of a club running out of money and defaulting-this is careful manipulation by the club's owners aimed at targeting ACL.
Click to expand...

we've only not run out of money because the owners have continued to cover losses (like 99% clubs)
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #131
stupot07 said:
we've only not run out of money because the owners have continued to cover losses (like 99% clubs)
Click to expand...

Yes but the League has never cared about that.
 

Nick

Administrator
  • Aug 2, 2013
  • #132
BREAKING: unconfirmed but being told again League minded to transfer share to Otium & 15pt penalty
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Breaking: unconfirmed sources League's rejected ACL's complaint to its Disciplinary Commission against Northampton groundshare
Click to expand...

BREAKING: I'm told Football League board meets today to discuss #CCFC sanctions now CVA rejected, & share transfer.
Click to expand...
 
B

Brighton Sky Blue

Well-Known Member
  • Aug 2, 2013
  • #133
The Penguin said:
Good point.

If we don't get penalised then I shall unreservedly apologise to grego_gee, and move to cloud cuckoo land with him :wave:
Click to expand...

Bwaaaark!
 

Delboycov

Active Member
  • Aug 2, 2013
  • #134
"They want it all their own way...they're not going to move 1% this way 1% the other...if they can't play ball then get out SISU. It breaks my heart...it breaks all the football fans hearts in this city and enough is enough SISU! Get out of my town... get out of my city! I'VE HAD ENOUGH"

Nigel Warren

Amused by his rant at the time but I know exactly how he feels now!
 

Nick

Administrator
  • Aug 2, 2013
  • #135
Delboycov said:
"They want it all their own way...they're not going to move 1% this way 1% the other...if they can't play ball then get out SISU. It breaks my heart...it breaks all the football fans hearts in this city and enough is enough SISU! Get out of my town... get out of my city! I'VE HAD ENOUGH"

Nigel Warren

Amused by his rant at the time but I know exactly how he feels now!
Click to expand...

Do you mean this?
 

Delboycov

Active Member
  • Aug 2, 2013
  • #136
Nick said:
Do you mean this?
Click to expand...

Yep! That's the one ;-)
 
B

Buster

Well-Known Member
  • Aug 2, 2013
  • #137
stupot07 said:
we've only not run out of money because the owners have continued to cover losses (like 99% clubs)
Click to expand...

Stupot Grendal CCFC 4 life Paxman Etal answer me this question if you would be so kind? Do you think that Sisu's decision not to accept ACL's latest offer was a deliberate attempt to distress ACL. If it is do you think that this is justifiable and to be condoned. If it's not, why do you think that they didn't accept it?.
 
S

skyblueexile

Well-Known Member
  • Aug 2, 2013
  • #138
Been talking to a friend - an Insolvency Practitioner

Insolvency means out of league!

he would recommend a new CVA - sadly SISU as main creditor MUST consent

Revenue reject every CVA as matter of course
 

Sky Blue Kid

Well-Known Member
  • Aug 2, 2013
  • #139
Les Reid ‏@Lesreidpolitics 30m @cllr_kevinmaton I have tweted it Kevin. Appleton said ACL amendments would be unlawful so moved to vote on his CVA proposal @covtelegraph Expand Cllr. Kevin Maton ‏@Cllr_KevinMaton 14m @Lesreidpolitics So were creditors expected to sign CVA without anything else - no agreement on where CCFC would play, rent, JR actions etc?..............................................................................................................................................................................................................................................................I say. I totally agree with Cllr Maton on this. Nothing said about SISU telling ACL "To sign CVA before they withdraw JS though was there?"
 

stupot07

Well-Known Member
  • Aug 2, 2013
  • #140
Buster said:
Stupot Grendal CCFC 4 life Paxman Etal answer me this question if you would be so kind? Do you think that Sisu's decision not to accept ACL's latest offer was a deliberate attempt to distress ACL. If it is do you think that this is justifiable and to be condoned. If it's not, why do you think that they didn't accept it?.
Click to expand...

No, I think they refused the offer because as ACL were refusing to sign the CVA.

ACL have told us they can survive without the club, they offered £150k rent, they should be able to recoup £150k easily through 3-4 smallish events, so I can't see how they can distress ACL.
 
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