RoboCCFC90
Well-Known Member
Finally some sense :claping hands::claping hands:
Manchester sky blue is correct. While the FL admit errors they also clearly state it has no effect on their judgement in the case and were fully compliant with their rules.
In short ACL are clutching at straws in a great PR exercise that appears to make them less of an enemy and SISU more so. It's been their stance all along as has SISU's but it changes nothing in reality.
I suppose ACL with the likes of Elliott and Hoffman still ringing in their ears believe they can still find a way of gaining control of the football club by taking whatever distressing action they can. Sounds familiar?!
Both these sides are pretty despicable in continuing with this war of threats and insinuations. What upsets me the most is that all the time they keep spending on this continuance to find a loophole to destroy each other, would be better spent negotiating a solution to the problem of the football club not playing at the Ricoh in Coventry which is what the people of Coventry want.
How do you know ? Are you a clairvoyant ?
I use my brain and common sense
Hoffman is one of the most highly respected bankers in the uk - the then Government trusted Hoffman to get Northern Rock out of the shit - and he did. Elliot is a highly respected successful businessman whilst ACL has a team of professional advisors, including Lawyers -- yet there are STILL some on here posting they are wasting their time in opposing the current administration process following the Football League's admission of serious errors. Sorry guys, you are entitled to your opinions, but I'd rather believe the professionals than you !
Manchester sky blue is correct. While the FL admit errors they also clearly state it has no effect on their judgement in the case and were fully compliant with their rules.
In short ACL are clutching at straws in a great PR exercise that appears to make them less of an enemy and SISU more so. It's been their stance all along as has SISU's but it changes nothing in reality.
I suppose ACL with the likes of Elliott and Hoffman still ringing in their ears believe they can still find a way of gaining control of the football club by taking whatever distressing action they can. Sounds familiar?!
Both these sides are pretty despicable in continuing with this war of threats and insinuations. What upsets me the most is that all the time they keep spending on this continuance to find a loophole to destroy each other, would be better spent negotiating a solution to the problem of the football club not playing at the Ricoh in Coventry which is what the people of Coventry want.
Did he? All that happened was that Virgin were able to buy the non-toxic assets, the tax payer is lumbered with the rest.
Yes, they would your right but they were under no pressure to admit their mistake which means they did it to try and re-gain some lost support.
Hoffman is one of the most highly respected bankers in the uk - the then Government trusted Hoffman to get Northern Rock out of the shit - and he did. Elliot is a highly respected successful businessman whilst ACL has a team of professional advisors, including Lawyers -- yet there are STILL some on here posting they are wasting their time in opposing the current administration process following the Football League's admission of serious errors. Sorry guys, you are entitled to your opinions, but I'd rather believe the professionals than you !
ACL have a team of professional advisors and lawyers and yet tried to include clauses in the CVA illegally.
Did he? All that happened was that Virgin were able to buy the non-toxic assets, the tax payer is lumbered with the rest.
Elliot is a highly respected successful businessman
May be that's why he's so keen to to see them out the door, he's knows he made a massive mistake, and he's trying to make amends.The same one who got SISU here in the first place?
Correct -- after he had turned it around until it was right to sell some of the non toxic assets. Left it in a far better state than before.
The same one who got SISU here in the first place?
That seems to be a remarkably jaundiced way of saying that he completed the job that the government put him in to do.
He didn't - the sale to Virgin took place after Hoffman left.
So, I'm guessing that your point is that during the time he was there he did nothing to improve matters - probably made things worse?
Correct, but if he had done the same job for SISU Fern would have said he had done a terrific job
I don't know what he did on the board of Northern Wreck.
That wasn't the impression given by your earlier comment.
I was only contradicting the assumption that he did great things for NR.
VOR you are inclined to believe in the power of a name and ranking position as a means to enhance your opinion and dismiss the opinion of any one on this forum that may be equally as capable or more so than a certain Mr Hoffman or Elliott?
Hoffman may be a banker by trade but I would not trust him or his judgement further than I could throw him frankly. Elliott is a local businessman who also frankly is not in my opinion very good at it. Both were on the board at CCFC and both responsible in part for the demise of our football club. Both still have ambition to be in control of the football club I sense.
Hoffman was the guy who offered £1 and also offered to loan money for the rent by receiving it back from gate receipts, something so absurd it is staggering he is a banker and also miles off the point by offering the deal in the first place.
Elliott and Hoffman seem to have big ego's and I hope I'm wrong but one thing for sure - I don't want either of them back running my football club any more than I want SISU's/Avro running it!
With another assumption
Hoffman offered £1 for the shares (effectively the price SISU originally paid to purchase them) together with deferred consideration for SISU dependant on success (effectively the same deal that SISU gave to Robinson, as I recall) together with money to purchase the Higgs share of ACL and (as I recall) £10m to fund losses/investment.
As for the "loan for the rent", I'm not sure if you didn't understand it, or if you're trying to misrepresent it. It was pretty obvious that the whole point of the offer was to highlight the idiocy of SISU's argument that they had to move out of Coventry, at the time when the FL was debating whether or not to approve the groundshare.
Personally, I'm grateful that someone is trying to do something to end this nightmare.
Based on that - both stinky deals and if taken screwed by a banker. familiar territory there then!
ACL have a team of professional advisors and lawyers and yet tried to include clauses in the CVA illegally.
Are we sure that's actually how it happened? It may well have been agree to this lease at £150K and then we'll sign the CVA not that the new lease offer was part of the CVA. Convenient for Fisher that they legally can't agree to it, but odd as well that he told Sky Sports News that he wasn't expecting the offer and would have to consider. They obviously could have signed a lease before the CVA as they managed to sign one with NTFC.
I was only contradicting the assumption that he did great things for NR.
Administrator Issues CVA Rejection Statement
By Covsupport News Service
Statement Issued
Administrator for Coventry City Football Club Ltd - Paul Appleton has issued the following statement:
STATEMENT FROM PAUL APPLETON, JOINT ADMINISTRATOR FOR COVENTRY CITY FC LIMITED
"At today's reconvened creditors' meeting, all parties except Arena Coventry Limited and HMRC accepted the CVA proposals.
At the meeting held on Tuesday, ACL had put forward modifications that were not compliant with the terms of the Insolvency Act and Rules. This was explained to both them and their legal representatives at the time.
The adjournment provided them with an opportunity to put forward modifications that were compliant with the law in order to make use of the time made available by the adjournment that they themselves proposed.
However, despite being given this further opportunity, they declined. Accordingly, when asked whether they were in favour or not of the Proposals, ACL confirmed their rejection.
Therefore, the CVA has been rejected."
Administrator Issues CVA Rejection Statement
By Covsupport News Service
Statement Issued
Administrator for Coventry City Football Club Ltd - Paul Appleton has issued the following statement:
STATEMENT FROM PAUL APPLETON, JOINT ADMINISTRATOR FOR COVENTRY CITY FC LIMITED
"At today's reconvened creditors' meeting, all parties except Arena Coventry Limited and HMRC accepted the CVA proposals.
At the meeting held on Tuesday, ACL had put forward modifications that were not compliant with the terms of the Insolvency Act and Rules. This was explained to both them and their legal representatives at the time.
The adjournment provided them with an opportunity to put forward modifications that were compliant with the law in order to make use of the time made available by the adjournment that they themselves proposed.
However, despite being given this further opportunity, they declined. Accordingly, when asked whether they were in favour or not of the Proposals, ACL confirmed their rejection.
Therefore, the CVA has been rejected."
This is disputed by PWKH. Cant find the post, my Google-fu deserts me on SBT.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?