Receivership (1 Viewer)

Bluegloucester · Mar 21, 2013

lordsummerisle said:
Is this bad admin or good admin?

not good admin, Arvo may buy ccfc as major creditor. Still problem with ongoing funding.

Nonleagueherewecome · Mar 21, 2013

Sub said:
if sisu put us in admin does that mean they control the administration process?

I reckon that's the idea.

Ashdown1 · Mar 21, 2013

Is this the point in time where the sly hedge fund bastards start throwing the football club around their different holding companies in an attempt to avoid paying the back dated rent and any other bills owed to anyone outside of the group. Joy and her lawyers will come into their own as they are well practised at all this bollocks. This won't be about money though, this will be about not being outfoxed, this will be about egos and reputations !

Diehard Si · Mar 21, 2013

Oh this sounds bad. What are they up to?

So. We've lost the 10 points and I guess Sisu will appoint 'their guys' meaning that we might lose the ten points and keep Sisu?

That's lose/lose.

Nonleagueherewecome · Mar 21, 2013

mattylad said:
hearing Paul Mccarthy appointed (no idea who that is)

Not as good as John and George.

CJparker · Mar 21, 2013

Diehard Si said:
Oh this sounds bad. What are they up to?

So. We've lost the 10 points and I guess Sisu will appoint 'their guys' meaning that we might lose the ten points and keep Sisu?

That's lose/lose.

Yes, a double whammy fucking nightmare PUSB

Nonleagueherewecome · Mar 21, 2013

Sub said:
a bloody sinking ship !!!!

And your a Sub!

CJparker · Mar 21, 2013

Nonleagueherewecome said:
Not as good as John and George.

I liked Ringo, actually

Macca · Mar 21, 2013

CCFC said:
Looks like all our fans get to celebrate admin a night early

Utter moron

Nonleagueherewecome · Mar 21, 2013

Otis said:
I thought Tim Fisher supposedly told the manager and playing staff that all was going to be sorted before Friday.

Is this what he calls sorted?

Looks like it!

Walking Bird · Mar 21, 2013

mattylad said:
hearing Paul Mccarthy appointed (no idea who that is)

Appears on SSN doing the papers in the morning sometimes. Was Carlos Tevez's spin Dr last season when he went AWOL

blueflint · Mar 21, 2013

Sub said:
a bloody sinking ship !!!!

hardship
watership down

Nonleagueherewecome · Mar 21, 2013

SkyBlueBlood said:
Apparently the confirmation of admin came from Gerald Krasner.

That will be the same Gerald Krasner who thought it was OK for Boston United to call him 10 mins before the end of the season when they went 3-1 down and sure of relegation for him to put them straight into admin to ensure the 10 points had no effect. That didn't work though as the Football League changed the rules and got the Conference to relegate Boston another league and still dock them a further 10 points for 2 years running.

Sounds like him and Joy should get on famously.

Well in that case, we're totally screwed. He basically killed Boston.

Tad · Mar 21, 2013

Isn't receivership worse then admin?

Tonylinc · Mar 21, 2013

If this is true then come on all you Sisu lovers, please tell me how you can possibly still support that shower of shite

Nonleagueherewecome · Mar 21, 2013

CJparker said:
I liked Ringo, actually

"Don't Pass Me By" is pretty great. He probably gets an honourable 3rd place for that alone.

Otis · Mar 21, 2013

Diehard Si said:
Oh this sounds bad. What are they up to?

So. We've lost the 10 points and I guess Sisu will appoint 'their guys' meaning that we might lose the ten points and keep Sisu?

That's lose/lose.

A possibility, but I can't see that happening.

This will have narked ACL and the Council big time and you would now have to say we will be a million miles further away than ever in regard to the Ricoh.

The talk of building a new ground is bollocks because you are talking 4 years down the line, what with all the consultancy and planning before any work actually starts. And I can't see the Council here letting them build anywhere within the city boundaries.

We could therefore have a club that pretty much isn't our club anymore.

SkyblueBazza · Mar 21, 2013

deanocity3 said:
Premiership,championship now receivership anymore bloody ships.....

That's very funny lol

Diehard Si · Mar 21, 2013

Otis said:
We could therefore have a club that pretty much isn't our club anymore.

Not a lot different to the part 5 years.

SkyblueBazza · Mar 21, 2013

Tonylinc said:
If this is true then come on all you Sisu lovers, please tell me how you can possibly still support that shower of shite

Just the kind of ridiculous comment that is only really worthy of ridicule!

I doubt any "SISU lovers" would have wanted this. SOME ACL sympathisers, & SOME anti-SISU supporters were making noises in favour of administration over time on other threads.

NOW is a time of all times when we need to put silly partisan rubbish aside & get together & back each other, the team & CCFC...not a religious man, but even I am praying we can somehow gain some good from this.
At least something MUST happen now.

wingy · Mar 21, 2013

SkyblueBazza said:
Just the kind of ridiculous comment that is only really worthy of ridicule!

I doubt any "SISU lovers" would have wanted this. SOME ACL sympathisers, & SOME anti-SISU supporters were making noises in favour of administration over time on other threads.

NOW is a time of all times when we need to put silly partisan rubbish aside & get together & back each other, the team & CCFC...not a religious man, but even I am praying we can somehow gain some good from this.
At least something MUST happen now.

Expect a 20-30 mile trip to go and watch your team.

SkyblueBazza · Mar 21, 2013

Could work for or against me...+/-30 miles is neither here nor there on my round-trip

Speedo · Mar 21, 2013

Sub said:
a bloody sinking ship !!!!

Tbf he fed that a treat

leicesterskyblue · Mar 21, 2013

Coventry City Football Club Holdings can confirm that a non-operating subsidiary of the Club has today been placed into administration. Full statement here...

http://bit.ly/YcueSM

CCFCSteve · Mar 21, 2013

I haven't read all the pages so apologise if I'm repeating anything. Firstly, the club can't go into receivership, the debenture would need to pre date sept 2003 for this to be a possibility, which it doesn't. Secondly, sisu may be able to appoint their own administrator however their job would be to act in the interests of all creditors to maximise asset realisations, not act for sisu.

Nonleagueherewecome · Mar 21, 2013

leicesterskyblue said:
Coventry City Football Club Holdings can confirm that a non-operating subsidiary of the Club has today been placed into administration. Full statement here...

http://bit.ly/YcueSM

It's only "not operating" because they haven't paid any sodding rent!

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