Parliament Today (1 Viewer)

RPHunt · Jul 18, 2013

Two questions asked and answered by Vince Cable today:

Mr Bob Ainsworth (Coventry North East) (Lab):
Does the Secretary of State have any plans to look at the Insolvency Act 1986? Hedge funds appear to have the ability to acquire companies, to empty them of their assets, to appoint administrators of their choosing and to proceed without fear of being pursued vigorously. That certainly seems to be what is happening at Coventry City football club. Will he look at the situation and the framework of the law?

Vince Cable:
Yes, we are doing just that. I spoke on Monday about that question in the general context of trusted business. We are, indeed, looking at the insolvency provisions. We are looking at insolvency practitioners’ fees, at some of the potential conflicts of interest that arise in that industry and at the regulatory framework.

Mr Jim Cunningham (Coventry South) (Lab):
Will the Secretary of State get together with the Secretary of State for Culture, Media and Sport to have a look at the way in which the Football League applies its regulations to private ownership of football clubs, because there is a diabolical mess at Coventry at the moment?

Vince Cable:
Coventry seems to have some problem in that area. I come from the city of York, which went through this misery, as many towns have done in the English league. I can certainly have a look at that; it is not immediately clear to me where I fit into the picture, but I am interested in football and want to see it healthy.

Voice_of_Reason · Jul 18, 2013

RPHunt said:
Two questions asked and answered by Vince Cable today:

Mr Bob Ainsworth (Coventry North East) (Lab):
Does the Secretary of State have any plans to look at the Insolvency Act 1986? Hedge funds appear to have the ability to acquire companies, to empty them of their assets, to appoint administrators of their choosing and to proceed without fear of being pursued vigorously. That certainly seems to be what is happening at Coventry City football club. Will he look at the situation and the framework of the law?

Vince Cable:
Yes, we are doing just that. I spoke on Monday about that question in the general context of trusted business. We are, indeed, looking at the insolvency provisions. We are looking at insolvency practitioners’ fees, at some of the potential conflicts of interest that arise in that industry and at the regulatory framework.

Mr Jim Cunningham (Coventry South) (Lab):
Will the Secretary of State get together with the Secretary of State for Culture, Media and Sport to have a look at the way in which the Football League applies its regulations to private ownership of football clubs, because there is a diabolical mess at Coventry at the moment?

Vince Cable:
Coventry seems to have some problem in that area. I come from the city of York, which went through this misery, as many towns have done in the English league. I can certainly have a look at that; it is not immediately clear to me where I fit into the picture, but I am interested in football and want to see it healthy.

I expect the piss takers to also state this is a waste of time to ! Crticize me and others for showing passion if you must - but I'ask what are YOU doing to aid the Sky Blues cause .. well done Jim, keep at 'em !

torchomatic · Jul 18, 2013

Cool. Something may happen by 2020 then.

Jack Griffin · Jul 18, 2013

The MP's are trying to ramp up the pressure, I got a reply from my MP Jim Cunningham yesterday showing he has:

tabled a parliamentary written question to Sec of State for Culture Media & Sport

raised an early day motion

submitted a question to the leader of the house

They're not expressed as forcefully as the question Bob Aisnworth has asked, but they are at least keeping the matter alive in the commons.

Godiva · Jul 18, 2013

RPHunt said:
Vince Cable:
Coventry seems to have some problem in that area. I come from the city of York, which went through this misery, as many towns have done in the English league. I can certainly have a look at that; it is not immediately clear to me where I fit into the picture, but I am interested in football and want to see it healthy.

Translation:
I don't want that monkey on my shoulder!
But I can always go and watch a game to confirm that football is in good health.

Nick · Jul 18, 2013

I'm not claiming to know much about politics, but all of the big wigs are in each others pockets with back handers. Have a look at FIFA as a good example..

DazzleTommyDazzle · Jul 18, 2013

Godiva said:
Translation:
I don't want that monkey on my shoulder!
But I can always go and watch a game to confirm that football is in good health.

Probably true, however the one thing that we can be sure of is that "the secretive" Joy Seppala will not be happy with all this publicity.

Nick · Jul 18, 2013

Godiva said:
But I can always go and watch a game to confirm that football is in good health.

By watch do you mean get into corporate for free, free meal, free drinks and then a chauffeur home?

true sky blue · Jul 18, 2013

the problem is this will have no effect on our current sutuation, parliament does not jursidiction to tell the f.a or private what to do, they can simply change laws, though those laws can only apply to the now not past

BackRoomRummermill · Jul 18, 2013

RPHunt said:
Two questions asked and answered by Vince Cable today:

Mr Bob Ainsworth (Coventry North East) (Lab):
Does the Secretary of State have any plans to look at the Insolvency Act 1986? Hedge funds appear to have the ability to acquire companies, to empty them of their assets, to appoint administrators of their choosing and to proceed without fear of being pursued vigorously. That certainly seems to be what is happening at Coventry City football club. Will he look at the situation and the framework of the law?

Vince Cable:
Yes, we are doing just that. I spoke on Monday about that question in the general context of trusted business. We are, indeed, looking at the insolvency provisions. We are looking at insolvency practitioners’ fees, at some of the potential conflicts of interest that arise in that industry and at the regulatory framework.

Mr Jim Cunningham (Coventry South) (Lab):
Will the Secretary of State get together with the Secretary of State for Culture, Media and Sport to have a look at the way in which the Football League applies its regulations to private ownership of football clubs, because there is a diabolical mess at Coventry at the moment?

Vince Cable:
Coventry seems to have some problem in that area. I come from the city of York, which went through this misery, as many towns have done in the English league. I can certainly have a look at that; it is not immediately clear to me where I fit into the picture, but I am interested in football and want to see it healthy.

All PM questions are minuted and an action plan with completion date are set.

It will not get brushed off so well done for having the questions raised, also any FL related issues will in parlament will shock the FL into action

duffer · Jul 18, 2013

true sky blue said:
the problem is this will have no effect on our current sutuation, parliament does not jursidiction to tell the f.a or private what to do, they can simply change laws, though those laws can only apply to the now not past

You're right in saying that laws can only be changed in the future, but wrong in saying this will have no effect in the present.

What this is doing, right now, is putting serious pressure on the FL (and possibly the FA). The last thing they'll want is to give the Government an excuse to pry into their affairs.

Whether it will ultimately change the outcome for us is anyone's guess, but I can't see how this does anything other than encourage those fighting against SISU's ownership and current plans.

Houchens Head · Jul 18, 2013

Doesn't sound as though Vince Cable is that bothered....

covcity4life · Jul 18, 2013

ill take any help we can get!

RPHunt · Jul 18, 2013

Jack Griffin said:
The MP's are trying to ramp up the pressure, I got a reply from my MP Jim Cunningham yesterday showing he has:

They're not expressed as forcefully as the question Bob Aisnworth has asked, but they are at least keeping the matter alive in the commons.

I think the big difference with today's question and answer is that Jim Cunningham has got Vince Cable to agree to look specifically at problems with CCFC.

I think it could be a game changer because a minister of state has made a commitment to the commons to investigate the matter, not a commitment to Jim Cunningham or the fans. If he doesn't follow through with his commitment or attempts to fudge it, he is at the mercy of the opposition who would use any excuse to be able to discredit a minister.

Civil servants in his department will be responsible for conducting this investigation and preparing his response to the commons. At this level, civil servants understand the requrement for accuracy and the truth and are likely to be too experienced to be taken in by SISU's fantasies, so Cables's eventual response is gong to be very interesting.

fernandopartridge · Jul 18, 2013

RPHunt said:
I think the big difference with today's question and answer is that Jim Cunningham has got Vince Cable to agree to look specifically at problems with CCFC.

I think it could be a game changer because a minister of state has made a commitment to the commons to investigate the matter, not a commitment to Jim Cunningham or the fans. If he doesn't follow through with his commitment or attempts to fudge it, he is at the mercy of the opposition who would use any excuse to be able to discredit a minister.

Civil servants in his department will be responsible for conducting this investigation and preparing his response to the commons. At this level, civil servants understand the requrement for accuracy and the truth and are likely to be too experienced to be taken in by SISU's fantasies, so Cables's eventual response is gong to be very interesting.

No he hasn't. He is looking broadly at how hedge funds activities are regulated. Considering that changes to regulation would need legislation, we'll be in the next parliament by the time law has changed. It is completely academic imo.

Manchester_sky_blue · Jul 18, 2013

Im actually meeting with Vince Cable in a couple of weeks by a happy bit of coincidence, perhaps we can have a chat about the Sky Blue woes.......... you never know...........

Houdi · Jul 18, 2013

The only problem is that Parliament is about to go into its summer recess, and I doubt much will be achieved before they close down for several months.

RPHunt · Jul 18, 2013

fernandopartridge said:
No he hasn't. He is looking broadly at how hedge funds activities are regulated. Considering that changes to regulation would need legislation, we'll be in the next parliament by the time law has changed. It is completely academic imo.

You should read those two questions and answers again - carefully.

jesus-wept · Jul 18, 2013

Nick said:
I'm not claiming to know much about politics, but all of the big wigs are in each others pockets with back handers. Have a look at FIFA as a good example..

Sorry but what a pathetic answer. All the big-wigs as you call them are not in each others pockets, the vast majority of MPs are in the job for the right reasons, one of those reasons is to look their constituents and constituncies

Nick · Jul 18, 2013

jesus-wept said:
Sorry but what a pathetic answer. All the big-wigs as you call them are not in each others pockets, the vast majority of MPs are in the job for the right reasons, one of those reasons is to look their constituents and constituncies

So corruption doesn't go on? What about the expenses scandal etc?

Yes, it isn't every single MP in the country but that was a lot wasn't it?

RegTheDonk · Jul 18, 2013

Houchens Head said:
Doesn't sound as though Vince Cable is that bothered....

Sounds like your typical politico answer to fob someone off. In fairness to him, he's got a lot more on his plate than worrying about us. IF it were dissatisfied Lib Dem MPs asking the questions, he'd probably take more interest.

Big_Ben · Jul 18, 2013

DazzleTommyDazzle said:
Probably true, however the one thing that we can be sure of is that "the secretive" Joy Seppala will not be happy with all this publicity.

Could just as easily say that the one thing that we can be sure of is that "the secretive" Joy Seppala couldn't give a shit about all the conjecture - on other threads it has often been said that there's no such thing as bad publicity.

dadgad · Jul 18, 2013

The simple truth is that more questions are being asked.
When sending in your emails to the pen pushers at the FA and the FL it'd be worth pointing out that this is happening and with just cause. Unless football can govern itself there'll be legislation to ensure that it does.
It'll be too late for us though. :-(

jesus-wept · Jul 18, 2013

You used the term all and each other. There are still honourable people about you know IMO as administrator of this website you should choose your words more carefully

Warwickhunt · Jul 18, 2013

The only good this will do is put the Spotlight on SISU & the Coventry City Council and they will not want this level of publicity
which pension fund is goig to invest in a Hedge fund with a sullied reputation?

fernandopartridge · Jul 18, 2013

RPHunt said:
You should read those two questions and answers again - carefully.

I have read them.

Will the Secretary of State get together with the Secretary of State for Culture, Media and Sport to have a look at the way in which the Football League applies its regulations to private ownership of football clubs?

Then cites CCFC as an example, i.e. it's a broad question about how the FL applies its regulations. It isn't even necessarily something that is within Vince Cable's gift to change as he has stated in his response:

I can certainly have a look at that; it is not immediately clear to me where I fit into the picture, but I am interested in football and want to see it healthy.

As a Parliamentary Question so it has a target to be answered within 20 working days. The two MPs have had to ask in a broad sense as Cable has no real business in CCFC's affairs.

jesus-wept · Jul 18, 2013

It is keeping the pot bubbling and I expect a lot more after the creditors meeting Monday. Also the fact SISU are at the moment constantly being questioned in the House of Commons won't be good for the business standing here or around the world, just getting a few investors to take their business elsewhere will hurt.

Nick · Jul 18, 2013

jesus-wept said:
You used the term all and each other. There are still honourable people about you know IMO as administrator of this website you should choose your words more carefully

Sorry, I forgot to say SOME and MY OPINION

Buster · Jul 18, 2013

I dont understand you people ! Another thread where a well intentioned person has posted a significant development in our fight to rid this club of the shackles of these hard faced tricksters called SISU (aledgedly) and the usual crew come out and knock it yet again! If you accept the present regime , be men ,come out and say it rather than knock every action ,protest , organisation or idea set up to hasten their downfall. Im pissed off ! The heats getting to me and i think ive spelt alegedly wrong does that leave me open to be sued

James Smith · Jul 18, 2013

Warwickhunt said:
The only good this will do is put the Spotlight on SISU & the Coventry City Council and they will not want this level of publicity
which pension fund is goig to invest in a Hedge fund with a sullied reputation?

Have been going through my financial stuff for doing my tax recently (like to have it all in one place so I can do nothing about it for a few months) and I thought about whether I was actually holding anything SISU related. I'm going to ask my pension company whether they have any money in anything to do with SISU and if so to switch me to something that doesn't.

psgm1 · Jul 18, 2013

This is the way things will get done. Isn't it interesting that when I was about to raise an ePetition to the government, and that I had contactedt the PM, the scum at the clique said I was wasting my breath! Roll on a few weeks and someone else raises a petition (which isn't going to be read by the PM as it is not an official petition, whereas mine COULD HAVE as it went through the correct channels!), the same trolls make out this is a brilliant idea, indeed it became a sticky comment on this Forum! Isn't it typical that once more I am way ahead of the curve on this one, yet the scum are so desperate to claim credit for everything, they cannot abide anyone doing things that actually work, but instead waste money on ludicrous banners and shop mannequins! I'm sure the League will change their mind after 2-3 loonies turn up at the gates again (like they have never seen a protest before! As the morons said "keep Cov in CIV". There incompetence is laughable

Sky Blue Dal · Jul 18, 2013

Manchester_sky_blue said:
Im actually meeting with Vince Cable in a couple of weeks by a happy bit of coincidence, perhaps we can have a chat about the Sky Blue woes.......... you never know...........

What ever you do, don't tell him you are a sky blue fan, but a concerned football fan that is seeing clubs ripped apart by rogue elements involved in footballing business, including money laundering , asset stripping and tax avoidance. Just mention the sky blues as an example.

I'm sure he will get lots of sky blue fans sending email, but his ears may prick up if it is from a neutral football fan supporting say Stockport ... hint! hint!

SkyblueBazza · Jul 18, 2013

Buster said:
I dont understand you people ! Another thread where a well intentioned person has posted a significant development in our fight to rid this club of the shackles of these hard faced tricksters called SISU (aledgedly) and the usual crew come out and knock it yet again! If you accept the present regime , be men ,come out and say it rather than knock every action ,protest , organisation or idea set up to hasten their downfall. Im pissed off ! The heats getting to me and i think ive spelt alegedly wrong does that leave me open to be sued

You don't understand? Let me explain: in simple words it is because of the feeling of...despair; defeat; desolation; dejection; powerlessness; demoralised; ignored; unloved - & there are many more in that vein that could likely be used.
There are very few IMO who are thinking positively about anything to do with our (don't make me laugh!) club.

Buster · Jul 18, 2013

So their answer is to pour cold water on the initiatives of everybody else who is still trying . Nope still dont understand

Sterling Archer · Jul 18, 2013

Voice_of_Reason said:
I expect the piss takers to also state this is a waste of time to ! Crticize me and others for showing passion if you must - but I'ask what are YOU doing to aid the Sky Blues cause .. well done Jim, keep at 'em !

Not at all, actually speaking and getting responses from actual members of parliament is a worthy cause.

Its these kind of posts which make me think you're just on some massive smug, attention seeking, ego trip

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