Les Reid Tweets re where 'goden share' is.... (6 Viewers)

Delboycov · Apr 28, 2013

That should of course read Golden Share! Can anyone explain what he means?

1/3 Reading Holdings/Arvo/SBS&L's docs to High Court. They concede: "In 2001, it appears golden share was transferred to #CCFC Ltd"

Delboycov · Apr 28, 2013

He goes on...."However, an entry was made in FL register of members on page relating to CC Holdings. FL & CCH conducted business on understanding..

3/3 (cont).. Holdings was the Club for all regulatory compliance & trading & investmt purposes." Adds player contracts were in Holdings name

Bluegloucester · Apr 28, 2013

FL golden share transferred to CCFC Ltd when we were relegated from the Prem. i think

Heyzeuss84 · Apr 28, 2013

Can't people just say it in plain English FFS

Delboycov · Apr 28, 2013

Heyzeuss84 said:
Can't people just say it in plain English FFS

Exactly....That's why I asked, totally lost track of what should be in what and what the outcome of that all means!

TheHellion · Apr 28, 2013

Heyzeuss84 said:
Can't people just say it in plain English FFS

Problem with Twitter is it gives you a limit on how many words you can type, which often means sentences appear incoherent. It's a pain in the back side really.

mark82 · Apr 28, 2013

Heyzeuss84 said:
Can't people just say it in plain English FFS

What's not plain English? Golden share is in ltd but they are saying that to all intents and purposes they had an understanding with the FL that holdings was legally the club. Not sure that will hold up in court.

psgm1 · Apr 28, 2013

Is he saying Holdings are being considered the club?

If sisu staying that's me done.

Not going to waste another penny on owners not prepared to invest in the team. 2 seasons now transfer embargos scraping the barrel for players. Life is just too short to get stressed out and fork out hard earned just to plug the hole in finances sisu has got itself because it hires the wrong people.

Broken Hearted Sky Blue · Apr 28, 2013

psgm1 said:
Is he saying Holdings are being considered the club?

If sisu staying that's me done.

Not going to waste another penny on owners not prepared to invest in the team. 2 seasons now transfer embargos scraping the barrel for players. Life is just too short to get stressed out and fork out hard earned just to plug the hole in finances sisu has got itself because it hires the wrong people.

Insted of twitter why doesnt he come on here?

quinn1971 · Apr 28, 2013

psgm1 said:
Is he saying Holdings are being considered the club?

If sisu staying that's me done.

Not going to waste another penny on owners not prepared to invest in the team. 2 seasons now transfer embargos scraping the barrel for players. Life is just too short to get stressed out and fork out hard earned just to plug the hole in finances sisu has got itself because it hires the wrong people.

That's what it sounds like :-( but then why transfer the golden share into ltd.lost me il wait for someone else to try and explain it.

torchomatic · Apr 28, 2013

So it he saying that fucking SISU went back in time and sneakily transferred the GS?! Bastards!!!

Bluegloucester · Apr 28, 2013

torchomatic said:
So it he saying that fecking SISU went back in time and sneakily transferred the GS?! Bastards!!!

No, it was issued in 2001 to CCFC Ltd when we were relegated from Prem. 'transferred' was incorrect, should have said issued.

Delboycov · Apr 28, 2013

torchomatic said:
So it he saying that fucking SISU went back in time and sneakily transferred the GS?! Bastards!!!

That bloody Marty McFly and the Doc bloke have got a lot to answer for if they've helped out these scumbags!

mark82 · Apr 28, 2013

Am I the only one seeing the admission that golden share is in ltd?

Deleted member 5849 · Apr 28, 2013

mark82 said:
What's not plain English? Golden share is in ltd but they are saying that to all intents and purposes they had an understanding with the FL that holdings was legally the club. Not sure that will hold up in court.

Guess we'll find out.

Delboycov · Apr 28, 2013

mark82 said:
Am I the only one seeing the admission that golden share is in ltd?

That's what I thought first until the waters were muddied with talk of entries in FL registers....

quinn1971 · Apr 28, 2013

mark82 said:
Am I the only one seeing the admission that golden share is in ltd?

Not sure of anything with these clowns anymore Mark.surely its time for the league to make a statement on it.either it is in ltd or it isn't.

Bluegloucester · Apr 28, 2013

Legally the club is CCFC Ltd, commercial activity eg sponsorships, merchandising etc is at CCFCH.

wingy · Apr 28, 2013

quinn1971 said:
Not sure of anything with these clowns anymore Mark.surely its time for the league to make a statement on it.either it is in ltd or it isn't.

Its in LTD in Black and White ,but theres a Grey area where was some sort of trading arrangement ,I see litigation with The League.

Deleted member 5849 · Apr 28, 2013

wingy said:
I see litigation with The League.

Fun times!

lordsummerisle · Apr 28, 2013

The Football League are run by Mormons, so bound to be on Sisu's side with this.

wingy · Apr 28, 2013

Deleted member 5849 said:
Fun times!

It seems its the answer to everything.

wingy · Apr 28, 2013

lordsummerisle said:
The Football League are run by Mormons, so bound to be on Sisu's side with this.

They have a Hotel and a Casino (who probably both pay there rent), They have World Cup Rugby, Heineken cup Rugby, more tennis, the World Jehovah witness convection, if they did not have football I am sure they would have many more concerts and events.

Just copied and pasted from another thread . Are Latter Day Saints near enough to swing it?:thinking about:

torchomatic · Apr 28, 2013

The thing is though. The rugby events have to be bid for. There's no guarantee they'll get them.

Not sure why people are so desperate to prove that the Ricoh could survive without CCFC. Maybe they could, maybe they couldn't, but no one wants them too, surely?

wingy said:
They have a Hotel and a Casino (who probably both pay there rent), They have World Cup Rugby, Heineken cup Rugby, more tennis, the World Jehovah witness convection, if they did not have football I am sure they would have many more concerts and events.

Just copied and pasted from another thread . Are Latter Day Saints near enough to swing it?:thinking about:

lordsummerisle · Apr 28, 2013

wingy said:
They have a Hotel and a Casino (who probably both pay there rent), They have World Cup Rugby, Heineken cup Rugby, more tennis, the World Jehovah witness convection, if they did not have football I am sure they would have many more concerts and events.

Just copied and pasted from another thread . Are Latter Day Saints near enough to swing it?:thinking about:

The Utah Saints could reform??

Jack Griffin · Apr 28, 2013

mark82 said:
What's not plain English? Golden share is in ltd but they are saying that to all intents and purposes they had an understanding with the FL that holdings was legally the club. Not sure that will hold up in court.

More like they had a perfectly good understanding and have swapped location of players contracts recently to try & muddy the waters..

Chipfat · Apr 28, 2013

So does this mean the golden share has been moved to holdings and the 10 points deduction was incorrect !!!!!!!!!!!!!!! or does it mean the FL do not care where it is as they think the LTD and Holdings is one of the same.. If the FL are correct and say the whole club is in Admin, a forced sale will have to happen no matter who hired the administrator,, would SISU really want to go against the FL on this and how would the FL act to defend its decision regarding the 10 points....

So messed up and not getting clearer is it,, hold onto your hats fellas may will be a very interesting month..

wingy · Apr 28, 2013

torchomatic said:
The thing is though. The rugby events have to be bid for. There's no guarantee they'll get them.

Not sure why people are so desperate to prove that the Ricoh could survive without CCFC. Maybe they could, maybe they couldn't, but no one wants them too, surely?

Theres no guarantee for either party Torch.

And theres no point losing it from whatever side of the fence we all see this ,but I work in the Exhibition industry and would'nt mind betting that the loss of weekend matches would open up a lot of potential date for other weekend events capable of attracting 10k-20k punters over two days ,not bad footfall .Exhibition space @ the NEC goes for around £150 per sqm

thegameaintstraight · Apr 28, 2013

wingy said:
It seems its the answer to everything.

42 is the answer to everything.
I've emailed the Administrator.

lordsummerisle · Apr 28, 2013

thegameaintstraight said:
42 is the answer to everything.
I've emailed the Administrator.

So long and thanks for the fish.

SkyBlueSwiss · Apr 28, 2013

mark82 said:
Am I the only one seeing the admission that golden share is in ltd?

Some people apparently just don't want to see it.

wingy · Apr 28, 2013

thegameaintstraight said:
42 is the answer to everything.
I've emailed the Administrator.

Call for David Icke....:facepalm:

SkyBlueSwiss · Apr 28, 2013

torchomatic said:
The thing is though. The rugby events have to be bid for. There's no guarantee they'll get them.

Not sure why people are so desperate to prove that the Ricoh could survive without CCFC. Maybe they could, maybe they couldn't, but no one wants them too, surely?

Torch,
I doubt anyone actually wants the club to move out of the Ricoh permanently, but that does not mean that I and others, as well as the ACL statutory auditors, do not believe that it could survive quite well without the club (does that qualify as a double negative?).
This is the same scare tactic as "there are no buyers out there willing to take on this club so we are stuck with SISU even if we don't like them" nonsense. That proved to be wrong as soon as the company went into administration did it not?

The Prefect · Apr 28, 2013

It seems to me that the only people saying the Golden Share is in Holdings is SISU. The Football League and administrator both confirm that the share is in CCFC Ltd.

SISU are doing this to muddy the waters - which will mean litigation for months.

My concern is that there might not be a Coventry City Football Club in the League next season as SISU won't let the club exit administration with a creditors voluntary agreement. I doubt the Football League will grant Holdings (SISU) the share as Holdings is not the football club. I'm not sure why they're making plans for next season. For me, the person that needs to be doing the planning is the administrator..!

grego_gee · Apr 28, 2013

psgm1 said:
Is he saying Holdings are being considered the club?

If sisu staying that's me done.

Not going to waste another penny on owners not prepared to invest in the team. 2 seasons now transfer embargos scraping the barrel for players. Life is just too short to get stressed out and fork out hard earned just to plug the hole in finances sisu has got itself because it hires the wrong people.

Where do you deduce that from? This year we were the best funded team in the division, equal with Doncaster. and FFP would not allow any more to be spent.

imp:

Les Reid Tweets re where 'goden share' is.... (6 Viewers)

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