Ian1779
Well-Known Member
Which side are we talking about? Or do you mean both of them?
Would you drop what is effectively your most potent bargaining chip?
The league presented Otium with the Golden Share on the condition that they pay ACL £590k by 31/05/2014. That has never been disputed by anyone. If you have evidence to the contrary then post it so we can all see it.
Therefore as it stands today, Otium haven't fulfilled and are in breach of the conditions set down by the FL.
Which side are we talking about? Or do you mean both of them?
You miserable twats, this is potentially a fantastic step in the right direction..even the language is more concillatory. We are coming home boys.
Samo, the reason the drop the appeal is two fold. It isn't really a bargaining chip tbh. It can be used to get back to the ricoh now yes but its a hopeless appeal just like the hopeless case.
The SISU proposal must involve dropping the appeal else they are morons as they acknowledge acl wont talk until their criteria is met.
The SISU proposal must involve dropping the appeal else they are morons as they acknowledge acl wont talk until their criteria is met.
The legals. If I were SISU I would be bringing that to the table, not tossing it away beforehand.
For this reason alone I would wager a large amount on their proposal containing nothing of the sort
There is one simple concession to be made on each side.
SISU have to drop the appeal
ACL have to accept that the money is with the FL and it is their call when and how much they get
No reason at all for talks not to be happening.
i don't believe a word anyone connected to sisu have to say.
probly a tactic to sell a few more season tickets to people hoping that if they get 1 now cheap they will have to be honoured if/when we move back to the ricoh, which wont happen this season, then they are stuck with them.
NOPM.
Full monies lodged in an 'escrow' account, amount to be decided by FL.
Sorry no breach, FL's timetable think you'll find. PUSB!
Samo, the reason the drop the appeal is two fold. It isn't really a bargaining chip tbh. It can be used to get back to the ricoh now yes but its a hopeless appeal just like the hopeless case.
The SISU proposal must involve dropping the appeal else they are morons as they acknowledge acl wont talk until their criteria is met.
Unless you've seen the agreement in writing from the football league you don't know the conditions set.
Can't see why talks can't start.
ACL can still maintain their stance that there will be no deal until the JR is dropped and satisfactory monies owed paid.
However have the talks so when the money is settled it is a case of sign on the dotted line and we can start the season at the Ricoh.
This is a very very very rare moment where I agree with SISU over ACL.
Would you drop what is effectively your most potent bargaining chip?
That's my point King, it will be part of the proposal, not given away before they sit down. It might be a pretty poor card but its just about the only one they have left.
Bollocks as usual
It was reported somewhere, can't remember where - might have been Damien Collins speaking, the other day that the FL insolvency policy requires a payment to be made equal to any payment that would have been made under a CVA that has been rejected. That being the case it is clear the £590K figure is from the CVA. The CVA can't change months later, if ACL had accepted it SISU couldn't have then gone back and said we've changed our mind we're paying less.
Part of the administration process is that the administrator sorts out what is owed to who, if he's got that wrong it's not ACL who should be getting messed around. To me if SISU want to go after anyone they need to take action against Appleton as he's seemingly missed this owed guarantor payment when making his calculations.
So there was no clause that stated if the initial gaurantors were persued then this would me netted off?
So you do have the agreement - share it please
Or effectively your most potent deal blocker that means that you can stay in Northampton on a small percentage of your potential revenue.
Depends which way you look at it.......
Out of interest (one for OSB) will ACL still get paid the amount through liquidation?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Any reason why the FL can't fast forward this decision which to all intents and purposes is a formality?
Any reason why the FL can't fast forward this decision which to all intents and purposes is a formality?
Any reason why the FL can't fast forward this decision which to all intents and purposes is a formality?
Just out of interest is there a contractual agreement for the money to be in an Escrow account? If not I assume SISU can withdraw it at any time? Is the Escrow actually under FL control? or is it still under SISU control? The control is important because if it sits with SISU's solicitors then even if the FL say pay it then it doesn't mean that SISU wouldn't challenge legally and delay that payment.
One thing I have learnt with this whole affair is that if SISU point you to look at something then the reality is you need to be looking at something else to know what is going on ....... SISU say in this statement look at the £590k ................... :thinking about:
Isn'T It an Otium Pre condition?
Still have the talks come to an agreement with SISU that suits you. Apart from your signature in the dotted line.
Once the FL say pay. If they don't you don't sign.
If they do you sign and you save a lot of time at a critical moment
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