Covstu
Well-Known Member
there is also a mystical green train called Percy......
it shouldnt be coming out of the club. it should be sisu shouldnt it??? didnt fisher say there was nothing the club could do about any of this court action???
(1) SKY BLUE SPORTS & LEISURE LIMITED
(2) ARVO MASTER FUND LIMITED
(3) COVENTRY CITY FOOTBALL CLUB (HOLDINGS) LIMITED
are the 3 claimants applying for the Judicial review and the following appeals.
Didn't it come out in court that the original investment is now effectively written off?Notice that doesn't include any of the original investors from the SISU Capital funds..
Notice that doesn't include any of the original investors from the SISU Capital funds..
This exerpt is from the write from the CCLSC meeting with TF last Thursday, and may be of interest, as he is stating that the legal action is nothing to do with the club (Otium).
The judge had made a number of damming comments about SISU in his judgment which cannot go unanswered. The appeal was out of the club’s hands. It was explained that a new governance structure had been established for the Portfolio Company and Otium was subsequently at arm’s length from the legal case. In effect Chinese walls had been put into place between the Club and the creditor/investor.
Ah - you've got to laugh. There's no way that you can separate Otium and SISU - all of the same people are involved, under the ultimate control of JS.
The club can't expect ACL to have them back at the Ricoh whilst the court case is in play. It doesn't matter how damning the verdict is, if they're serious about coming back SISU will have to drop the case.
It is, by the way, the oddest response to a court decision I've ever heard. Basically what they seem to be saying is we lost so badly that we've got to try again (i.e. we lost six-nil but that last goal was borderline offside so we demand a rematch). It would make more sense appealing if it was a close thing, surely.
Two out of three judges who have dealt with this case have bounced it out entirely without ceremony - why they think they're going to get a better hearing from the next three beats me. What's that saying - "History repeats itself first as tragedy, then as farce".
(1) SKY BLUE SPORTS & LEISURE LIMITED
(2) ARVO MASTER FUND LIMITED
(3) COVENTRY CITY FOOTBALL CLUB (HOLDINGS) LIMITED
are the 3 claimants applying for the Judicial review and the following appeals.
I thought the Holdings bit was being wound up, can they still be active in this case??
there is also a mystical green train called Percy......
there is also a mystical green train called Percy......
A Chinese wall is a barrier that separates two or more groups, usually as a means of restricting the flow of information. Typically, the wall is purely conceptual,
Won't know this week.. read #44so are sisu appealing or not?
Won't know this week.. read #44
so are sisu appealing or not?
All eyes on August 7th, lets say the football league decide to get tough.
They still have to settle how much of the £590,000 SISU have to pay to ACL. If they decide all of it and Joy says `no we will take the FL to court`. The FL announce a breach of rules and dock 10 points or more, this scenario makes the quality of any new signings and make weights insignificant.
All eyes on August 7th, lets say the football league decide to get tough.
They still have to settle how much of the £590,000 SISU have to pay to ACL. If they decide all of it and Joy says `no we will take the FL to court`. The FL announce a breach of rules and dock 10 points or more, this scenario makes the quality of any new signings and make weights insignificant.
Or if they say it's led and ACL stick to their policy if no talks until £590,000 is paid then we have no real hope of a return at all.
At least you'll be happy.
There is already enough hysteria on this forum without these highly unlikely situations being posted.
No I will not be happy but I'm sure you'd rather we didn't go home if ACL don't get the dosh.
Or if they say it's led and ACL stick to their policy if no talks until £590,000 is paid then we have no real hope of a return at all.
I'm not bothered about what circumstances we come home so long as we do. The £590k is a barrier and the only sure way to eliminate that barrier is if ACL get paid in full. Unless you know better?
The football league will decide. If they decide £300,000 I assume you, like me, will demand talks once that amount has been paid?
The football league will decide. If they decide £300,000 I assume you, like me, will demand talks once that amount has been paid?
If they decide £590K, do you think it will be paid without any quibbling?[/QUOTE
Unlikely.
If they decide £590K, do you think it will be paid without any quibbling?
If they decide £590K, do you think it will be paid without any quibbling?
It will be interesting to the see the reaction if the FL decide on a figure less than the 590K, and ACL then continue to refuse to discuss a return to the Ricoh.
no it won't, ACL have already said (completely reasonably) that they won't discuss until the JR is dropped,
It will be interesting to the see the reaction if the FL decide on a figure less than the 590K, and ACL then continue to refuse to discuss a return to the Ricoh.
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