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preferred bidder is sisu (1 Viewer)

  • Thread starter bigfatronssba
  • Start date Jun 14, 2013
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Nonleagueherewecome

Well-Known Member
  • Jun 14, 2013
  • #106
covmark said:
Gangsters??? Are you on drugs, what did you expect to happen? Haskell riding naked through Coventry waving a blank cheque in his hand. Stop being a drama queen
Click to expand...

Stop being a fuckwit.
 

fernandopartridge

Well-Known Member
  • Jun 14, 2013
  • #107
Sky blue north east said:
Well it had to be expected, but me thinks more twists yet the club is not dead if you dont want follow city under sisu fine but the lads on the pitch will get my full support......
Click to expand...

Quite right mate.
 

Nonleagueherewecome

Well-Known Member
  • Jun 14, 2013
  • #108
theferret said:
Do I, where? Please point me in the direction of where I display even the slightest hint of delight, you prize a c**t.

My point, if you would take your head out of you sanctimonious backside for once and read what I said, was simply that commercial pressures on both sides will mean we will stay in Coventry. A good thing no? Or perhaps deep down what you really want is SISU to take us to Walsall so that you can come of here frothing at the gills and work yourself into an anti-SISU frenzy for the next 3 years.
Click to expand...

No, I want SISU out of our club, you prize pillock.
 

covmark

Well-Known Member
  • Jun 14, 2013
  • #109
Sky blue north east said:
Well it had to be expected, but me thinks more twists yet the club is not dead if you dont want follow city under sisu fine but the lads on the pitch will get my full support......
Click to expand...
A sensible post amongst the bullshit
 

Sky Blue Pete

Well-Known Member
  • Jun 14, 2013
  • #110
What pitch?? Team needs to be in coventry
 

covmark

Well-Known Member
  • Jun 14, 2013
  • #111
Nonleagueherewecome said:
Stop being a feckwit.
Click to expand...

Stop being a queen
 

duffer

Well-Known Member
  • Jun 14, 2013
  • #112
Hold up a moment here. I don't want to give anyone false hope, but I think this is a long way from done.

First off there's a bidding process, as I understand it. And ACL have got some weight here as they are the major unconnected creditor (that is they're the only debtor that has no links to CCFC Ltd).

So if CCFC Ltd want to exit Admin with a Company Voluntary Arrangement I think they might need ACL to vote to accept it.

Even if that fails, ACL can challenge the CVA decision in court if it is unfairly prejudicial to their interests, which it probably is if SISU's plan is to move away from the Ricoh.

The lease isn't broken by Administration, only liquidation or an agreement by ACL can do that. If CCFC Ltd isn't being liquidated then the contract remains.

So don't go slitting your wrists yet guys. This is Coventry City, when was the last time we did anything the easy way?
 

Nonleagueherewecome

Well-Known Member
  • Jun 14, 2013
  • #113
covmark said:
Stop being a queen
Click to expand...

Why am I being a queen?
 
6

6 Generations

Well-Known Member
  • Jun 14, 2013
  • #114
fernandopartridge said:
Quite right mate.
Click to expand...

That's commendable indeed, and i'm sure that 'LADS' is exactly what you will supporting.

Good luck
 
R

RoboCCFC90

Well-Known Member
  • Jun 14, 2013
  • #115
duffer said:
Hold up a moment here. I don't want to give anyone false hope, but I think this is a long way from done.

First off there's a bidding process, as I understand it. And ACL have got some weight here as they are the major unconnected creditor (that is they're the only debtor that has no links to CCFC Ltd).

So if CCFC Ltd want to exit Admin with a Company Voluntary Arrangement I think they might need ACL to vote to accept it.

Even if that fails, ACL can challenge the CVA decision in court if it is unfairly prejudicial to their interests, which it probably is if SISU's plan is to move away from the Ricoh.

The lease isn't broken by Administration, only liquidation or an agreement by ACL can do that. If CCFC Ltd isn't being liquidated then the contract remains.

So don't go slitting your wrists yet guys. This is Coventry City, when was the last time we did anything the easy way?
Click to expand...

Well said that man!
 

fernandopartridge

Well-Known Member
  • Jun 14, 2013
  • #116
duffer said:
Hold up a moment here. I don't want to give anyone false hope, but I think this is a long way from done.

First off there's a bidding process, as I understand it. And ACL have got some weight here as they are the major unconnected creditor (that is they're the only debtor that has no links to CCFC Ltd).

So if CCFC Ltd want to exit Admin with a Company Voluntary Arrangement I think they might need ACL to vote to accept it.

Even if that fails, ACL can challenge the CVA decision in court if it is unfairly prejudicial to their interests, which it probably is if SISU's plan is to move away from the Ricoh.

The lease isn't broken by Administration, only liquidation or an agreement by ACL can do that. If CCFC Ltd isn't being liquidated then the contract remains.

So don't go slitting your wrists yet guys. This is Coventry City, when was the last time we did anything the easy way?
Click to expand...

3rd party creditors are being paid in full according to someone else in this thread.
 

SlowerThanPlatt

Well-Known Member
  • Jun 14, 2013
  • #117
Whoever the owner, I will never stop supporting Coventry City Football Club.
 

fernandopartridge

Well-Known Member
  • Jun 14, 2013
  • #118
6 Generations said:
That's commendable indeed, and i'm sure that 'LADS' is exactly what you will supporting.

Good luck
Click to expand...

Good. Nothing i would like more than supporting a Cov team full of home grown players. Years of watching overpaid journeymen is tiring.
 
6

6 Generations

Well-Known Member
  • Jun 14, 2013
  • #119
SlowerThanPlatt said:
Whoever the owner, I will never stop supporting Coventry City Football Club.
Click to expand...

You may not have the choice soon!!
 

mattylad

Member
  • Jun 14, 2013
  • #120
dufer said:
Hold oment here. I don't want to givyone false hopit I think this is a long way from done.

First off there's a bidding process, as I understand it. And ACL have got some weight here as they are the major unconnected creditor (that is they're the only debtor that has no links to CCFC Ltd).

So if CCFC Ltd want to exit Admin with a Company Voluntary Arrangement I think they might need ACL to vote to accept it.

Even if that fails, ACL can challenge the CVA decision in court if it is unfairly prejudicial to their interests, which it probably is if SISU's plan is to move away from the Ricoh.

The lease isn't broken by Administration, only liquidation or an agreement by ACL can do that. If CCFC Ltd isn't being liquidated then the contract remains.

So don't go slitting your wrists yet guys. This is Coventry City, when was the last time we did anything the easy way?
Click to expand...
nope they have no say and have royally bum fukced us all through thier greed, squabbling and childish behaviour
 

covmark

Well-Known Member
  • Jun 14, 2013
  • #121
Nonleagueherewecome said:
Why am I being a queen?
Click to expand...

Gangsters, really???? A little ott perhaps
 

duffer

Well-Known Member
  • Jun 14, 2013
  • #122
fernandopartridge said:
3rd party creditors are being paid in full according to someone else in this thread.
Click to expand...

Possibly so, but that doesn't change the fact that ACL can vote against the CVA and go to court to challenge the decision if they think it unfairly prejudices their interests.
 

mattylad

Member
  • Jun 14, 2013
  • #123
duffer said:
Possibly so, but that doesn't change the fact that ACL can vote against the CVA and go to court to challenge the decision if they think it unfairly prejudices their interests.
Click to expand...
no they cant they are owed a pittance
 

cloughie

Well-Known Member
  • Jun 14, 2013
  • #124
I doubt that haskel4 would have expected any different outcome if he is savy about these situations

So i would expect some sort of either offer to sisu, er sorry otium or he is prepared for a expensive court case if he wants the club
 

CovLis86

Well-Known Member
  • Jun 14, 2013
  • #125
I hope to get on the relegation odds of 7/1 before they drop to evens.
 

Nonleagueherewecome

Well-Known Member
  • Jun 14, 2013
  • #126
covmark said:
Gangsters, really???? A little ott perhaps
Click to expand...

It's a common phrase used to describe corporate racketeers who exploit every legal loophole going. I am not asserting that Tim is actually Fat Tony by night.
 

bigfatronssba

Well-Known Member
  • Jun 14, 2013
  • #127
Presumably then sisu will buy back Ltd, then they will have to formally leave the Ricoh. At that point then what is to stop acl suing Ccfc Ltd?
 

duffer

Well-Known Member
  • Jun 14, 2013
  • #128
And it's not clear that the Football League has agreed to it either, is it?

"This offer allows me to achieve the purpose of the Administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible."

Think that can be read more than one way.
 
Last edited: Jun 14, 2013
J

jas365

Well-Known Member
  • Jun 14, 2013
  • #129
This is the risk assessment of Otium from the accounting software I use:

Credit Rating is Suspended

Accounts filing is late.

This company has had a dissolved warning issued by Companies House which has now been discontinued
 

MatthewWallis

Well-Known Member
  • Jun 14, 2013
  • #130
duffer said:
And it's not clear that the Football League has agreed to either, is it?

"This offer allows me to achieve the purpose of the Administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible."

Think that can be read more than one way.
Click to expand...

I await the day to wake up to the headline "Football League block Coventry City take over"

but of course that means that they actually do something about SISU, which wont happen until the day that pigs can fly
 
J

jon92

New Member
  • Jun 14, 2013
  • #131
duffer said:
And it's not clear that the Football League has agreed to either, is it?

"This offer allows me to achieve the purpose of the Administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible."

Think that can be read more than one way.
Click to expand...

The football league still have to investigate the company over funds and business practice
 

Si80

Well-Known Member
  • Jun 14, 2013
  • #132
duffer said:
And it's not clear that the Football League has agreed to it either, is it?

"This offer allows me to achieve the purpose of the Administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible."

Think that can be read more than one way.
Click to expand...

Can it? It reads to me like the FL have already given the nod.
 
J

japandy

New Member
  • Jun 14, 2013
  • #133
Can I pick up your dummies?

I am proud to hail from the City of Coventry.

I am proud our fore-fathers fought again injustices in the world especially in the Second World War, and then we forgave and moved on.

I am proud our great city has had more inventors than any place on Earth live within its walls.

I am proud of Lady Godiva who fought even her own husband to fight unfair taxes on the City's citizens.

So how will history view this pathetic outpouring of childishness? I feel ashamed that many on here call themselves CCFC fans and react, without hearing a word from OTIUM and their vision, like pansies. Get a grip.

So you don't want to support us anymore? WE DON'T NEED YOU. We have a song that says 'we will never lose' and 'we will fight till the game is won'.

TIM Flipping FISHER and Joy SISU do not, and never will own CCFC. It will and will aways belong to us.

I, for one, will NEVER be put off by SISU. I am a Coventrian and a CCFC fan FOR LIFE and will go and watch my team whatever.
 

Sterling Archer

Well-Known Member
  • Jun 14, 2013
  • #134
skybluelee said:
No surprise whatsoever. Thank you, Paul Appleton. My beloved Sky Blues now officially dead.

You absolute c*nt.
Click to expand...
Don't be so melodramatic, we're not dead!
 

bigfatronssba

Well-Known Member
  • Jun 14, 2013
  • #135
japandy said:
I am proud to hail from the City of Coventry.

I am proud our fore-fathers fought again injustices in the world especially in the Second World War, and then we forgave and moved on.

I am proud our great city has had more inventors than any place on Earth live within its walls.

I am proud of Lady Godiva who fought even her own husband to fight unfair taxes on the City's citizens.

So how will history view this pathetic outpouring of childishness? I feel ashamed that many on here call themselves CCFC fans and react, without hearing a word from OTIUM and their vision, like pansies. Get a grip.

So you don't want to support us anymore? WE DON'T NEED YOU. We have a song that says 'we will never lose' and 'we will fight till the game is won'.

TIM Flipping FISHER and Joy SISU do not, and never will own CCFC. It will and will aways belong to us.

I, for one, will NEVER be put off by SISU. I am a Coventrian and a CCFC fan FOR LIFE and will go and watch my team whatever.
Click to expand...

If your such a proud Coventrian, why are you betraying your city to support a Walsall based team?
 
T

tbh444

Member
  • Jun 14, 2013
  • #136
CovLis86 said:
I hope to get on the relegation odds of 7/1 before they drop to evens.
Click to expand...

Good call - the league may have no choice to accept whatever devious plan this all is but they can still hammer what remains of the club with points deductions (bit like when ken bates pulled a similar trick at leeds if I remember)
 
T

theferret

Well-Known Member
  • Jun 14, 2013
  • #137
fernandopartridge said:
3rd party creditors are being paid in full according to someone else in this thread.
Click to expand...

Yeah, in a CT Q&A on 24/5 TF said:

"We have put forward proposals to the administrator which would see all creditors at the date of the administration paid in full, including ACL."

Guess that's the only way to avoid the scenario outlined by duffer.
 

duffer

Well-Known Member
  • Jun 14, 2013
  • #138
mattylad said:
no they cant they are owed a pittance
Click to expand...

I'm impressed with your knowledge of corporate insovlency.

It took me ages to get to the bottom of all this, and I'm getting my info from my own research (some of which, below) - but if you've got a better source, then pass it on and I'll defer.

http://www.google.co.uk/url?sa=t&rc...=oly2_N4hDdslttBg2m6ICw&bvm=bv.47883778,d.d2k
 
W

wal3590

Well-Known Member
  • Jun 14, 2013
  • #139
jas365 said:
This is the risk assessment of Otium from the accounting software I use:

Credit Rating is Suspended

Accounts filing is late.

This company has had a dissolved warning issued by Companies House which has now been discontinued
Click to expand...

I actually think, the FL will scrutinise this bid massively, they can't have another pompey situation! They must pass a fit and proper person test. This must include a credit score check!
 
J

jon92

New Member
  • Jun 14, 2013
  • #140
Acl are due to respond soon
 
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