Sky Blue Kid
Well-Known Member
Torchy You forgot to highlight the next four words....Don't worry, I've saved you the trouble
"That is usually unlikely."
"That is usually unlikely."
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Torchy You forgot to highlight the next four words....Don't worry, I've saved you the trouble
"That is usually unlikely."
Now I'm going to quote PWKH........... "The fact is that ACL have started a process that could lead to Administration."
Now!...When I went to school, Liquidation wasn't spelled...ADMINISTRATION!
@ Torchy....
Pity YOU failed to recognise the fourteen words highlighted in my last post eh?
That is not what I said. The fact is that ACL have started a process that could lead to Administration. Should no buyer be found, or should the secured creditors resist every attempt of an Administrator then it would probably lead to liquidation. That is usually unlikely. I agree with Torch and others that in this case where the secured creditor is Sisu that it is much more likely. But please read back when you think that you are quoting me to see that you actually are...
The one and only fact here is....ACL started a process for Administration, which is clarified by PWKH....Hence, the 18 years old words come into play...End of!
Now I'm going to quote PWKH........... "The fact is that ACL have started a process that could lead to Administration."
Now!...When I went to school, Liquidation wasn't spelled...ADMINISTRATION!
The one and only fact here is....ACL started a process for Administration, which is clarified by PWKH....Hence, the 18 years old words come into play...End of!
SBTalor says.......
#ComebackOfTheCentury! :facepalm:
The opening gambit of a 18 years old "Dickhead"......Quote....I think you're living prove that footballers are generally 'not bright'. Without being disrespectful...
It doesn't say much for Rugby players!....Does it?:claping hands::claping hands::claping hands:
@SBTAYLOR........
OUCH!....Biggest kick in the 'Nads" ever mate. Cocky prat.....Hahahahahahaha!:jerkit:
"The Board of ACL has already issued a Statutory Demand for payment, the deadline for which has long since passed, and is now looking at its legal options. These legal options include petitioning the courts to grant an order to wind up CCFC and starting off the process of placing the Club into compulsory liquidation."
A bit slow tonight aren't we SBTAYLOR?
As I pointed out last night....ACL are looking at it's legal options(More than one)....Now I'll say this slowly, just for you....These legal options include an order to "wind up" CCFC. This option is one of a few...Still with me?...ACL have in actual fact gone down the road of ADMINISTRATION...Let me know if that word is too big for you to comprehend, won't you!
Btw....I can't wait for the next instalment of a "Bollocking" from PWKH...any moment now! I would think! lmfao.:laugh::laugh::laugh:
Again....there are some on here who clearly have no sense or understanding of the legal process.
ACL's actions in bringing their petition to court is to find the club insolvent (CCFC) and in doing would lead to the appointment of an Administrator.
They would run the club while trying to find a buyer. Meantime the Football League will convene and decide what action to take under their rules. This is likely to happen at a later date beyond 28th March (their deadline day) and certainly if the hearing is appealed by CCFC we will almost certainly be looking at a points deduction next season. How large that deduction becomes depends on a CVA and other factors they will consider.
Mean time if the administrator fails and as SISU are it's largest debt holders, they may well find avenues difficult, we could end up being placed into liquidation.
That sums up what might happen because of ACL's actions. Those are facts.
As for CCFC? Well SISU hold the purse strings that keep them alive. They could end this immediately by agreeing payment of the debt.
They live on to fight another day and seek further talks on trying to get additional revenue streams from the Ricoh.
IF any new owner came in they too would certainly want a lower rent, access to more revenue streams and some guarantee of a share in the Ricoh at the very least.
I suspect if we have an investor like the Texan fella whispered about he will be seeking some ownership of the stadium, perhaps complete ownership and for sure the rights to development around the site. That is the key for them I would have thought. He will have to run and operate a football team in the process and the more successful he makes them the better for him. To do that he will want the site development and a slice (if not all) of the Ricoh. Buying the football club from administrators would be a cheaper option than from SISU. that's only one part of his deal. He won't do it though without that cake slice. For the moment he is not any part of what's going on and we must concentrate on the main facts stated above and not lose sight of that with this alarming sentiment about a Texan. If ACL are backing this as their main card it's a very big risk indeed unless they have already got an agreement in principal and if they have, that poses legal problems for them from SISU. So don't think they will have.
In fairness I'm happy to have been corrected by PWKH with regards to them threatening liquidation albeit as an option rather than an inevitability as TF had said..and seems like you have a decent handle on the legalities....certainly more than I gave you credit for. Still think there is no comparison with the language being used with SISU using to my mind excessive inflamatory language which appears to have backfired on them big time. That was my original point...I'm not sure if you are acting dumb or not. Your post is right, then have gone down the road of ADMINISTRATION but it COULD lead to liquidation. He says that himself! read it!
In fairness I'm happy to have been corrected by PWKH with regards to them threatening liquidation albeit as an option rather than an inevitability as TF had said..and seems like you have a decent handle on the legalities....certainly more than I gave you credit for. Still think there is no comparison with the language being used with SISU using to my mind excessive inflamatory language which appears to have backfired on them big time. That was my original point...
Fair comment. My whole point was both sides have said that their relevant actions could lead to liquidation. Hopefully, it won't.
Torchy...
I was replying to SBTAYLOR...Have you turned into his spokesman all of a sudden or is he your Alter-Ego?......SBTAYLOR was telling PWKH what he was saying, and in what context he was saying it...That in my book is a big No No.
SBT:
The key words are options and could.
You choose to ignore these words. I am not going to patronise you by giving you the dictionary definitions as I am sure you know full well what they mean. That you ignore them speaks volumes about the manner of your argument. I am sure that you are passionate in what you believe. For me, to have to distort, partially quote or to use other people's words out of context only destroys the argument and any respect I might have for the perpetrator.
SBT:
The key words are options and could.
You choose to ignore these words. I am not going to patronise you by giving you the dictionary definitions as I am sure you know full well what they mean. That you ignore them speaks volumes about the manner of your argument. I am sure that you are passionate in what you believe. For me, to have to distort, partially quote or to use other people's words out of context only destroys the argument and any respect I might have for the perpetrator.
SBT:
The key words are options and could.
You choose to ignore these words. I am not going to patronise you by giving you the dictionary definitions as I am sure you know full well what they mean. That you ignore them speaks volumes about the manner of your argument. I am sure that you are passionate in what you believe. For me, to have to distort, partially quote or to use other people's words out of context only destroys the argument and any respect I might have for the perpetrator.
In the same way I suppose that voluntary liquidation by SISU was an option which they could have exercised?
Thanks PWKH. Exactly what I was trying to point out. The action (or inaction) on either side could lead to liquidation. None of us want that.
]I also said ACL were looking at all options (Which included Liquidation) but chose ADMINISTRATION. :
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