Non AMP
Sky Blues Talk
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Sisu refused permission to appeal... (1 Viewer)

  • Thread starter SimonGilbert
  • Start date Jan 19, 2015
Forums New posts
Prev
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Next
First Prev 4 of 7 Next Last

Samo

Well-Known Member
  • Jan 19, 2015
  • #106
bigfatronssba said:
Because recent revelations have nothing to do with the JR.

Shame your putting your hatred of the council ahead of what's good for the club isn't it?
Click to expand...

How am I doing that?
 

bigfatronssba

Well-Known Member
  • Jan 19, 2015
  • #107
Samo said:
How am I doing that?
Click to expand...

Sisu winning wont do the club any good now. Wasps have the Ricoh and that is that. Best get used to it.
 

chiefdave

Well-Known Member
  • Jan 19, 2015
  • #108
zuni said:
but why are they bothering....its not like that they will get wasps deal over turned and they get it instead ffs......
Click to expand...

If I was in SISU's position I would be looking at:

1) getting the loan overturned, if it's ruled the loan should never have been made CCC may be forced to request repayment. Wasps, as a company losing £3m a year, will then need a loan to pay off a recalled debt for ACL, a company losing £.5m a year - who knows how easy or hard that will be. SISU's hope would be they can't get that loan and have to look to offload some or all of ACL.

2) compensation, if it's ruled CCC have been up to no good in anyway and SISU can structure a case that shows they have suffered financially as a result they could be up for significant compensation.

3) because they feel they are right, pretty much everyone has assumed SISU have been making things up left right and centre, what if it turns out they were at least partly right all along. If that was me I would want the other party involved to be held to account.
 

Ian1779

Well-Known Member
  • Jan 19, 2015
  • #109
skybluetony176 said:
I know. It's amazing what you can achieve if you approach negotiations from the right angle.

Tell me how I've defended CCC?
Click to expand...


You could argue that offering to pay more for something than what the council sold out to a franchise from London for is 'taking the right angle'

The fact that you conveniently brush aside AL blatantly lying about the state of ACL, yet vilify Fisher for even a sentence out of place.
 

ccfcway

Well-Known Member
  • Jan 19, 2015
  • #110
sw88 said:
@TheSimonGilbert: BREAKING: Sisu statement following rejection of appeal permission: "Sisu has confirmed the process and will now apply for an oral hearing."
Click to expand...

cant we just fast forward the whole proceedings to get to the 3 senior judges and be done with it ?
 

skybluetony176

Well-Known Member
  • Jan 19, 2015
  • #111
bigfatronssba said:
Sisu winning wont do the club any good now. Wasps have the Ricoh and that is that. Best get used to it.
Click to expand...

Was it ever going to benefit the club?
 

chiefdave

Well-Known Member
  • Jan 19, 2015
  • #112
skybluetony176 said:
Was it ever going to benefit the club?
Click to expand...

The biggest benefit might be if they win and get a pay off they'll bugger off!
 

SkyBlue_Bear83

Well-Known Member
  • Jan 19, 2015
  • #113
bigfatronssba said:
Sisu winning wont do the club any good now. Wasps have the Ricoh and that is that. Best get used to it.
Click to expand...
People best get used to us being a L1 club as well at best
 

Ian1779

Well-Known Member
  • Jan 19, 2015
  • #114
bigfatronssba said:
Not technically true. They did get some revenue.

Also I never knew that renting something meant you got ownership of it after an unspecified amount of time.

When do expect Gallagher Developments to hand over the deeds to the club shop?
Click to expand...

It doesn't mean that.... the point is that the club were bent over a barrel by CCC and most of you still do your absolute best to defend them to the hilt.
 

cloughie

Well-Known Member
  • Jan 19, 2015
  • #115
Samo said:
In light of recent revelations, including today's, why the fuck wouldn't they? I hope they win and I hope heads roll at the council house.
Click to expand...

Sorry to have to repeat myself but

It is all a bit to hard for some to work out or what , ACL as an ongoing business was in profit until / except for legal fees concerned with constant court cases being thrown at them by those who were trying to distress ACL business.

Is that simple enough ?

But no worries sisu can continue battering people in court
 

lordsummerisle

Well-Known Member
  • Jan 19, 2015
  • #116
bigfatronssba said:
But it wasn't state aid was it? That has been proven.
Click to expand...

It wasn't state aid when being made to a company protecting it's own investment.

That is no longer the case, as you saaid yoursself, it would be state aid if maade to an entirely private company.

That is what has happened now.
 

Samo

Well-Known Member
  • Jan 19, 2015
  • #117
bigfatronssba said:
Sisu winning wont do the club any good now. Wasps have the Ricoh and that is that. Best get used to it.
Click to expand...

It won't do it any harm either! Wasps have Ricoh for now... Let's see what happens.
 

bigfatronssba

Well-Known Member
  • Jan 19, 2015
  • #118
Ian1779 said:
It doesn't mean that.... the point is that the club were bent over a barrel by CCC and most of you still do your absolute best to defend them to the hilt.
Click to expand...

The club should have gone into administration in 2003. Instead they ran to the council begging for the deal that followed, all the while whipping up the local media and fans into pressuring the council to accept the deal. If anyone was bent over a barrel it was CCC.

CCC were wrong to bow to public pressure, they should have kept out of it and let CCFC go under.
 

Samo

Well-Known Member
  • Jan 19, 2015
  • #119
cloughie said:
Sorry to have to repeat myself but

It is all a bit to hard for some to work out or what , ACL as an ongoing business was in profit until / except for legal fees concerned with constant court cases being thrown at them by those who were trying to distress ACL business.

Is that simple enough ?

But no worries sisu can continue battering people in court
Click to expand...

But you're hero Anne has admitted that the Ricoh was not profitable without CCFC, legals or not, is that simple enough for you?
 

Rusty Trombone

Well-Known Member
  • Jan 19, 2015
  • #120
The amount owed to the bank was £19m, the Council agreed a deal to pay £14m.


MR JUSTICE HICKINBOTTOM
Approved Judgment
R (Sky Blue Sports & Leisure Ltd) v

68. Although SISU were in discussions with the Bank, and the Council feared that they
had made their own offer to purchase the debt and they were effectively in
competition, there is little available evidence as to SISU’s negotiations with the Bank.


However, what is now clear is that SISU considered that they may have been able to
purchase the ACL debt – for which the Bank was exposed to the tune of £19m – for
perhaps as low as £2m, but no more than £5m.

On the other hand, the Bank were satisfied that ACL could in fact service the entire debt albeit restructured, and were
not prepared to accept any figure in that area. The Bank (which was aware of the
relevant valuations) appears to have considered that ACL could service a restructured
loan of at least £15m, and that the debt was worth more than £12m. The Bank had not
made any provision for any of the debt.

In the circumstances, it is inconceivable that
the Bank would have accepted an offer to purchase the debt for £5m. In considering
the Bank would (or might) accept an offer of £2m-5m for the debt, SISU had entirely
unrealistic expectations. They were not prepared to offer more.
69. Thus, this element of SISU’s plan, too, was doomed to fail.
 

bigfatronssba

Well-Known Member
  • Jan 19, 2015
  • #121
lordsummerisle said:
It wasn't state aid when being made to a company protecting it's own investment.

That is no longer the case, as you saaid yoursself, it would be state aid if maade to an entirely private company.

That is what has happened now.
Click to expand...

Please stop making up lies about what I have said.

I would also stop making allegations that have proven to be false in court if I were you.
 

bigfatronssba

Well-Known Member
  • Jan 19, 2015
  • #122
Samo said:
But you're hero Anne has admitted that the Ricoh was not profitable without CCFC, legals or not, is that simple enough for you?
Click to expand...

But at the point the loan was made ACL was very profitable, and its then that matters. What happened after January 2013 is irrelevant.
 

Samo

Well-Known Member
  • Jan 19, 2015
  • #123
bigfatronssba said:
But at the point the loan was made ACL was very profitable, and its then that matters. What happened after January 2013 is irrelevant.
Click to expand...

Who do you support Ron? Because it sure ain't my club.
 

chiefdave

Well-Known Member
  • Jan 19, 2015
  • #124
bigfatronssba said:
But at the point the loan was made ACL was very profitable, and its then that matters. What happened after January 2013 is irrelevant.
Click to expand...

In which case we will probably end up with a second JR.
 

fernandopartridge

Well-Known Member
  • Jan 19, 2015
  • #125
skybluetony176 said:
You mean like Northampton Councils loan to Northampton Town FC for their ground extension?
Click to expand...

Different scenarios completely but use it as a comparison if you like, there's a good clown.
 

Nick

Administrator
  • Jan 19, 2015
  • #126
bigfatronssba said:
But at the point the loan was made ACL was very profitable, and its then that matters. What happened after January 2013 is irrelevant.
Click to expand...
Weren't acl without ccfc when the loan was made?
 

Gynnsthetonic

Well-Known Member
  • Jan 19, 2015
  • #127
SISU refused permission to appeal, but are going to appeal?
 

covmark

Well-Known Member
  • Jan 19, 2015
  • #128
bigfatronssba said:
The club should have gone into administration in 2003. Instead they ran to the council begging for the deal that followed, all the while whipping up the local media and fans into pressuring the council to accept the deal. If anyone was bent over a barrel it was CCC.

CCC were wrong to bow to public pressure, they should have kept out of it and let CCFC go under.
Click to expand...

Absolute bollocks and you know it. Why are you so intent on defending these cretins. No other council in the country would be willing to fuck over the local football team like these shady fuckers have. Most councils see their football teams as an asset to their towns or cities, shame Coventry City council don't see ours that way.
 

lordsummerisle

Well-Known Member
  • Jan 19, 2015
  • #129
bigfatronssba said:
Please stop making up lies about what I have said.

I would also stop making allegations that have proven to be false in court if I were you.
Click to expand...

Quotes from you.

http://www.skybluestalk.co.uk/threa...or-The-Accountants?highlight=acl+loan+illegal

Post 37.

See you in court?
 
W

wingy

Well-Known Member
  • Jan 19, 2015
  • #130
Gynnsthetonic said:
SISU refused permission to appeal, but are going to appeal?
Click to expand...
Seek an oral hearing
No guarantee one will be forthcoming
 

chiefdave

Well-Known Member
  • Jan 19, 2015
  • #131
Gynnsthetonic said:
SISU refused permission to appeal, but are going to appeal?
Click to expand...

From what I can make out they've been had the first application, which is made in writing, turned down. They can now go and make an application in person, basically argue their case.
 

Rusty Trombone

Well-Known Member
  • Jan 19, 2015
  • #132
covmark said:
Absolute bollocks and you know it. Why are you so intent on defending these cretins. No other council in the country would be willing to fuck over the local football team like these shady fuckers have. Most councils see their football teams as an asset to their towns or cities, shame Coventry City council don't see ours that way.
Click to expand...

yep, if only they had built us a stadium and given us half of the management company for a mere £6m.
 

bigfatronssba

Well-Known Member
  • Jan 19, 2015
  • #133
lordsummerisle said:
Quotes from you.

http://www.skybluestalk.co.uk/threa...or-The-Accountants?highlight=acl+loan+illegal

Post 37.

See you in court?
Click to expand...

You mean where I say it can only be state aid if the loan is to a private company?

Considering the time it must have taken for you to find that its pretty disappointing. Its a bit like RFC's smoking gun.
 

Rusty Trombone

Well-Known Member
  • Jan 19, 2015
  • #134
chiefdave said:
From what I can make out they've been had the first application, which is made in writing, turned down. They can now go and make an application in person, basically argue their case.
Click to expand...

I think that's how they were successful in getting the last one to Court. Do both sides put their point across at this hearing does anyone know?
 

bigfatronssba

Well-Known Member
  • Jan 19, 2015
  • #135
Nick said:
Weren't acl without ccfc when the loan was made?
Click to expand...

No it was about 6 months before. The original £1.3m rent agreement was still in place at the time of the loan.
 
K

Kingokings204

Well-Known Member
  • Jan 19, 2015
  • #136
Unfortunately I really think sisu are getting ready to liquidate and wind us up. The continual cutbacks and no playing staff or the bare minimum with minimum contracts are all clear signs the end is coming.

Sisu wouldn't be here still unless there was a purpose to it. They obviously still have ccfc and im sure they can offload debts or use ccfc as a tax offset (I'm no tax man) I'm just guessing something can be used for ccfc and when all avenues are exhausted then ccfc is set up to end.

Why appeal the appeal? Oral hearing now? I mean it's obvious it won't work and there won't be a second JR. why keep lying about the new stadium? The answer to the above questions is because it keeps the gullible believing until it time to pull the plug.
 

covmark

Well-Known Member
  • Jan 19, 2015
  • #137
Rusty Trombone said:
yep, if only they had built us a stadium and given us half of the management company for a mere £6m.
Click to expand...

yep, if only they had charged us £10m in rent, and then sold the management company to an out of town rugby club for nearly half of that amount. What generosity.
 
W

wingy

Well-Known Member
  • Jan 19, 2015
  • #138
chiefdave said:
From what I can make out they've been had the first application, which is made in writing, turned down. They can now go and make an application in person, basically argue their case.
Click to expand...
Is the oral one automatic now or direcessionary?
 

Ian1779

Well-Known Member
  • Jan 19, 2015
  • #139
Kingokings204 said:
Unfortunately I really think sisu are getting ready to liquidate and wind us up. The continual cutbacks and no playing staff or the bare minimum with minimum contracts are all clear signs the end is coming.

Sisu wouldn't be here still unless there was a purpose to it. They obviously still have ccfc and im sure they can offload debts or use ccfc as a tax offset (I'm no tax man) I'm just guessing something can be used for ccfc and when all avenues are exhausted then ccfc is set up to end.

Why appeal the appeal? Oral hearing now? I mean it's obvious it won't work and there won't be a second JR. why keep lying about the new stadium? The answer to the above questions is because it keeps the gullible believing until it time to pull the plug.
Click to expand...

If you really think that SISU are going to liquidate the club then you really do defy stupidity.
 

cloughie

Well-Known Member
  • Jan 19, 2015
  • #140
Samo said:
But you're hero Anne has admitted that the Ricoh was not profitable without CCFC, legals or not, is that simple enough for you?
Click to expand...


Please show the evidence whether profitable without legals or not

Sisu had to pay £250,000 costs last time at court, yet this will have not been paid in those years account as the court case costs were paid by the council at the time.

I await your evidence
 
Prev
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Next
First Prev 4 of 7 Next Last
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Share:
Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
  • Default Style
  • Contact us
  • Terms and rules
  • Privacy policy
  • Help
  • Home
Community platform by XenForo® © 2010-2021 XenForo Ltd.
Menu
Log in

Register

  • Home
  • Forums
    • New posts
    • Search forums
  • What's new
    • New posts
    • Latest activity
  • Members
    • Current visitors
  • Donate to the Season Ticket Fund
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?