forget the CCFC/SISU for one minute, do CCC/ACL have a duty to recover as much money as possible and they might have no other option than to reject the CVA...?
Given the alternative is liquidation and next to no money, if that duty were true they'd have little option but to accept a CVA.
Given the alternative is liquidation and next to no money, if that duty were true they'd have little option but to accept a CVA.
why do they ?
why do they ? if they liquidate us SISU cut there own throat too, debt to pay to northhampton and no football club, not the best option for SISU either i hope ACL put us to the sword now reject the offer and see how far SISU are willing to go, the FL will not approve the sale to SISU and the club will have to be put up forsale again as the golden share will not be issued to SISU.
That is the alternative option, as spelled out very clearly by first the administrator, and also Tim Fisher.
If Mr Fisher is right, does it matter to anyone other than ACL if CCFC Ltd are liquidated? He suggests Limited has no team. Logically, therefore, if he is right they would be liquidating a non-trading property subsidiary and not the club.
Of course, if Limited has the team then surely that means the administrator could do a deal with the Ricoh for Coventry to play there?
:thinking about:
As a public body i believe ACL have to take the money and run.... It's not the right thing to do but its the only thing they can do even if they did liquidate LTD i don't think it would change anything other than maybe speed up the demise of this once (almost) great club.
RIP CCFC guess i'll be watching the egg chasers
Liquidation seems the only (horrible) way to escape from the clutches of Sisu. Seems obvious we'll suffer at least demotion to the conference as a result of that approach - but that's where we are heading anyway, but with Sisu. ACL should reject the offer, it'll put a critical spanner in Sisu's works. There is no especially good strategy in the short term.
The alternative is for ACL to accept 26p in the pound, roll over and let SISU take us out of the city. And don't forget, as one or two have already pointed out, we're now, in the blink of Fisher's eye, talking about FIVE years away. You all know the reality, CCFC as we know and love it is dead.
We might end up in Conference North but imagine that lovely feeling - new owners (even some of us) who CARE. And winning our way back. A bit of fun.
Yes got to agree and better then starting up a new Club Don't believe they will drop us down to far as the teams lower down can not accommodate our away support.
Get Sisu out of town and maybe just Maybe we can start talking, watching and Enjoying Football again PUSB................................
I ACL reject the CVA the club can still come out administration(but with a 15 point penalty) can't they?
I thought that was the case too. I got the impression Mr Fisher was suggesting that if the CVA was rejected they would liquidate the club, which seemed to me like a threat to ACL: Agree or we liquidate.
Happy to accept my reading of it could be wrong.
ACL will reject the CVA there is no doubt about that. What that means though im not sure. The league have proved themselves pretty spineless so I think they would simply hand the golden share to holdings who would carry on with their pipe dream of a new stadium plan whilst playing at Sixfields.
I ACL reject the CVA the club can still come out administration(but with a 15 point penalty) can't they?
Well don't believe it and that is very foolish.
Liquidation IS an option.
I think because acl will realise sisu will go down beneficial ownership route and FL would give share to holdings they have to accept the 26p. I hope they see more value in refusing it, but I dont see it somehow. SISI juggernaut carries on regardless.
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