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Questions for Peter Knatchbull Hugesson (3 Viewers)

  • Thread starter mattylad
  • Start date Mar 18, 2013
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Nonleagueherewecome

Well-Known Member
  • Mar 18, 2013
  • #71
Grendel said:
He gives answers some on here want to hear. His ultimate interest is not in the football club and nor should they be.
Click to expand...

He's a genuine guy. His facts are genuine, yours are opinions/inflammatory (like your 15 point deduction that's a certainty!).
 

AFCCOVENTRY

Well-Known Member
  • Mar 18, 2013
  • #72
Here is the fact though...

Higgs want out and they want out quick....they have had enough and they fully expected coventry city football club to have bought their share in acl a long time ago.
 
C

CCFCDan87

New Member
  • Mar 18, 2013
  • #73
Mary_Mungo_Midge said:
At least one side's representative has tried to offer clarity; I wonder if we tried the same of Fisher whether he'd be prepared to explain why he's acted as he has?
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I second that. Damned if you do or dammed if you don't for the ACL person. At least he keeps us fans in the loop via here and radio. When was the last SISU gave us fans something concerate instead of the hogwash of moving to rushden and diamonds.
 
S

shropshirecov

New Member
  • Mar 18, 2013
  • #74
AFCCOVENTRY said:
Here is the fact though...

Higgs want out and they want out quick....they have had enough and they fully expected coventry city football club to have bought their share in acl a long time ago.
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How much do they want for their half?
 

AFCCOVENTRY

Well-Known Member
  • Mar 18, 2013
  • #75
shropshirecov said:
How much do they want for their half?
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I thought the Higgs had an agreed price of £10m but I think this may be incorrect as they have the right to raise the price in line with acl profit margins and inflation etc...

However I do believe the option to buy from Higgs runs out in 2015 or 2016?

Happy to be corrected
 

davebart

Active Member
  • Mar 18, 2013
  • #76
I would just like to ask those who see ACL/Council/Alan Higgs Trust as the bad boys in all this, where they would have liked CCFC to have played their fixtures for the last 10 years.

Presumably the above were the bad boys when CCFC sold everything it owned including the ability to sell hot and cold drinks to its customers.
 

AFCCOVENTRY

Well-Known Member
  • Mar 18, 2013
  • #77
Peter Huggy makes a very important point. How will 20 odd games at home and some beer and burger money run the football club?

The idea Coventry has a stake in the whole arena, profits and are part of growth around the area to generate money will make Cov a very financially stable club.
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #78
davebart said:
I would just like to ask those who see ACL/Council/Alan Higgs Trust as the bad boys in all this, where they would have liked CCFC to have played their fixtures for the last 10 years.

Presumably the above were the bad boys when CCFC sold everything it owned including the ability to sell hot and cold drinks to its customers.
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That was then and this is now. It's not like we have been playing for free is it?
 

Mary_Mungo_Midge

Well-Known Member
  • Mar 18, 2013
  • #79
Grendel said:
That was then and this is now. It's not like we have been playing for free is it?
Click to expand...

Well; yes it is
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #80
Nonleagueherewecome said:
He's a genuine guy. His facts are genuine, yours are opinions/inflammatory (like your 15 point deduction that's a certainty!).
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It's not a certaintity. It's possible that sisu will willingly hand over the share voluntarily. Are you saying they are an altruistic bunch?
 

Nonleagueherewecome

Well-Known Member
  • Mar 18, 2013
  • #81
Grendel said:
It's not a certaintity. It's possible that sisu will willingly hand over the share voluntarily. Are you saying they are an altruistic bunch?
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How on earth you conclude that, I have no idea..
Since when has SISU doing that been a remote possibility?
 

rob9872

Well-Known Member
  • Mar 18, 2013
  • #82
AFCCOVENTRY said:
I thought the Higgs had an agreed price of £10m but I think this may be incorrect as they have the right to raise the price in line with acl profit margins and inflation etc...

However I do believe the option to buy from Higgs runs out in 2015 or 2016?

Happy to be corrected
Click to expand...

Pity the13m in rent over that period has mot covered it. Poor poor acl, how have they cooed, particularly with all that associated arena income plus parking and events. I imagine they are well out of pocket.
 
B

Brighton Sky Blue

Well-Known Member
  • Mar 18, 2013
  • #83
AFCCOVENTRY said:
I thought the Higgs had an agreed price of £10m but I think this may be incorrect as they have the right to raise the price in line with acl profit margins and inflation etc...

However I do believe the option to buy from Higgs runs out in 2015 or 2016?

Happy to be corrected
Click to expand...

Expires in 2015 AFC.
 
A

Ashdown1

New Member
  • Mar 18, 2013
  • #84
Just get copies of the last 5 years accounts for ACL to understand their financial requirements. Where they have made excessive profit they have reinvested it in the complex. Their average profit tends to be around the mark being offered in a reduction to SISU meaning they will roughly break even going forwards.
 

AFCCOVENTRY

Well-Known Member
  • Mar 18, 2013
  • #85
rob9872 said:
Pity the13m in rent over that period has mot covered it. Poor poor acl, how have they cooed, particularly with all that associated arena income plus parking and events. I imagine they are well out of pocket.
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I think the wider picture shows you are right to a certain extent.

ACL don't have the money or are able to bring in a partner to develop the surrounding land because their profit share reduces if they sold their part. The Higgs share they can't buy!

only the football club can...
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #86
Nonleagueherewecome said:
How on earth you conclude that, I have no idea..
Since when has SISU doing that been a remote possibility?
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Because to avoid the 15 points that is what is required. They have to voluntarily concede a sake to a new owner. Is that probable?
 

Nonleagueherewecome

Well-Known Member
  • Mar 18, 2013
  • #87
Grendel said:
Because to avoid the 15 points that is what is required. They have to voluntarily concede a sake to a new owner. Is that probable?
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Ah, so what you actually mean is if they don't cough up the rent and prevent administration? Sorry, I can't understand what you're saying as it's so soaked in rhetoric as to be unintelligible!
 

Nonleagueherewecome

Well-Known Member
  • Mar 18, 2013
  • #88
rob9872 said:
Pity the13m in rent over that period has mot covered it. Poor poor acl, how have they cooed, particularly with all that associated arena income plus parking and events. I imagine they are well out of pocket.
Click to expand...

You use a rather mocking tone towards posters with a different view to yourself for somebody who made such a big deal about how polite you are. Methinks the rob9872 doth protest too much.
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #89
Nonleagueherewecome said:
Ah, so what you actually mean is if they don't cough up the rent and prevent administration? Sorry, I can't understand what you're saying as it's so soaked in rhetoric as to be unintelligible!
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No! It's minus 10 when administration kicks in and minus 15 when we come out as sisu need to agree to the new owners. If not we have a non voluntary CVA which is 15 points minimum.

If the ruling is adjourned on the 22nd all 25 points wi be next season. This has happened to both Luton and Leeds who had the councils preferred administrator as theirs.
 
A

Ashdown1

New Member
  • Mar 18, 2013
  • #90
Better than starting about 10 leagues below though isn't it ?!
 

Mary_Mungo_Midge

Well-Known Member
  • Mar 18, 2013
  • #91
Or, SISU can clear their arrears, at which point administrators of anyone's choosing - and a points deduction of any magnitude - would be irrelevant?

Maybe what they could do then is to get in a figurehead who genuinely wants to reach agreement, take up their Higgs share option; thereby increasing turnover, taking us out of embargo this season (as accounts could be filed with the rent issue cleared) and into next. Just an idea....
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #92
Ashdown1 said:
Better than starting about 10 leagues below though isn't it ?!
Click to expand...

It has now even been admitted by those in favour if ACL's stance that the primary reason for administration is the possibility that someone may be in the background prepared to pay their bills.

The Evo stick league thing ins dubious at best. Where on earth in the football league ruled does it say that? My understanding is the club could apply for conference league at worst. Starting on minus 25 means we are one league off there soon anyway and who in earth will buy a season ticket next season with knowledge relegation is certain?

This is why administration has to be avoided. ACL are interested in themselves. If the club collapses as a consequence so be it.
 
C

CCFCDan87

New Member
  • Mar 18, 2013
  • #93
Grendel said:
It has now even been admitted by those in favour if ACL's stance that the primary reason for administration is the possibility that someone may be in the background prepared to pay their bills.

The Evo stick league thing ins dubious at best. Where on earth in the football league ruled does it say that? My understanding is the club could apply for conference league at worst. Starting on minus 25 means we are one league off there soon anyway and who in earth will buy a season ticket next season with knowledge relegation is certain?

This is why administration has to be avoided. ACL are interested in themselves. If the club collapses as a consequence so be it.
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Cough cough look at Stockport and Luton. Stuck in that league due to bad management at the top. We could end the same way. No way would liquidation be better then admin.
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #94
CCFCDan87 said:
But least we'd still have a club to support, if SISU continue to play with gambles CCFC could be no more. Teams like Southampton took the admin and come out stronger for it as have Palace and Leeds.
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Factually not accurate. Leeds and Palace were placed in administration in the same League they now are in. Southampton were taken over by a billionaire.

65% of clubs end up worse off from the League they start administration in.

Given a likely 25 points reduction conference football will soon be inevitable -- if the Council are prepared to let the club play non league football there of course.
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #95
CCFCDan87 said:
Cough cough look at Stockport and Luton. Stuck in that league due to bad management at the top. We could end the same way. No way would liquidation be better then admin.
Click to expand...

Luton were not liquidated they went into administration and guess what -- the council want the administrator who looked after them to look after us. Not your day is it?
 
T

thegameaintstraight

New Member
  • Mar 18, 2013
  • #96
Grendel said:
It has now even been admitted by those in favour if ACL's stance that the primary reason for administration is the possibility that someone may be in the background prepared to pay their bills.

The Evo stick league thing ins dubious at best. Where on earth in the football league ruled does it say that? My understanding is the club could apply for conference league at worst. Starting on minus 25 means we are one league off there soon anyway and who in earth will buy a season ticket next season with knowledge relegation is certain?

This is why administration has to be avoided. ACL are interested in themselves. If the club collapses as a consequence so be it.
Click to expand...

Please be so kind as to direct me to the FL regs whereby its minus 25 next season.
 
C

CCFCDan87

New Member
  • Mar 18, 2013
  • #97
Grendel said:
Luton were not liquidated they went into administration and guess what -- the council want the administrator who looked after them to look after us. Not your day is it?
Click to expand...

Not my day? You made the daft comment about been in the conference wouldn't be bad. Be a lot worse then losing 10 points in league 1
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #98
CCFCDan87 said:
Not my day? You made the daft comment about been in the conference wouldn't be bad. Be a lot worse then losing 10 points in league 1
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Jesus how many more times -- 25 points!!
 
C

CCFCDan87

New Member
  • Mar 18, 2013
  • #99
Grendel said:
Jesus how many more times -- 25 points!!
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Where has this 25 point deduction come from all of sudden? By Friday you'll be saying its 50!!!!
 
B

Bluegloucester

New Member
  • Mar 18, 2013
  • #100
thegameaintstraight said:
Please be so kind as to direct me to the FL regs whereby its minus 25 next season.
Click to expand...

-10 for going into administration
-15 for coming out without a CVA
 
C

CCFCDan87

New Member
  • Mar 18, 2013
  • #101
Bluegloucester said:
-10 for going into administration
-15 for coming out without a CVA
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So is on the presumtion that will be coming out of it without a CVA? No one actually knows what will happen yet.
 
B

Bluegloucester

New Member
  • Mar 18, 2013
  • #102
CCFCDan87 said:
So is on the presumtion that will be coming out of it without a CVA? No one actually knows what will happen yet.
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Highly unlikely that Sisu would agree to a CVA
 

Grendel

Well-Known Member
  • Mar 18, 2013
  • #103
thegameaintstraight said:
Please be so kind as to direct me to the FL regs whereby its minus 25 next season.
Click to expand...

Minus 15 for non voluntary CVA and also minus 10 for going into admin if the court case is delayed. Read PWKH post between the lines.

Even OSB acknowledged this is a distinct possibility.
 
T

thegameaintstraight

New Member
  • Mar 18, 2013
  • #104
Grendel said:
Minus 15 for non voluntary CVA and also minus 10 for going into admin if the court case is delayed. Read PWKH post between the lines.

Even OSB acknowledged this is a distinct possibility.
Click to expand...

I was simply after the relevant FL regs where they state -15.
 

Skyblueweeman

Well-Known Member
  • Mar 18, 2013
  • #105
CCFCDan87 said:
But least we'd still have a club to support, if SISU continue to play with gambles CCFC could be no more. Teams like Southampton took the admin and come out stronger for it as have Palace and Leeds.
Click to expand...

Teams like Southampton had a Billionaire come in and take over and there was talk that it was to do with his company trying to win lucrative contracts within the Southampton area.

Unless we have a billionare lined up, we're in a completely different situation.
 
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