As it stands ccfc will be playing home games in suxfields !!!
The way i see it theirs nothing to lose in acl rejecting the CVA. We might get a different outcome !!!
Sisu have asked for the CVA to be signed then let's do a deal, so by not signing the CVA they have potentially prevented a deal to return to the Ricoh.
Sisu have asked for the CVA to be signed then let's do a deal, so by not signing the CVA they have potentially prevented a deal to return to the Ricoh.
They said no such thing !!!
They said sign the CVA then they are prepared to talk.That hardly constitutes as a deal !!!!!
Why not agree the deal and sign the CVA on the condition of the deal.
The way SISU have behaved, ACL sign then SISU will just say **** off. Would you trust them?
If you mean SISU sign up to come back to the Ricoh ACL would / have bent over backwards. If you mean SISU agree CVA but no deal to come back then I hope that ACL have the balls to say **** off. Taking the club out of Coventry will kill it. For me the quicker it dies the better. It's like a sick animal at the moment and it needs fixing quick or putting down.Or sisu sign and ACL just say **** off.
The oft quoted 15 points is for those exiting admin without a CVA and was actually 17 in Leeds' case I think. As a supposedly redundant entity is being liquidated and given the ludicrous way in which the FL goes about its business with anyone who isn't Portsmouth, then the number imposed on Holdings is completely up to them.
They are so unfit to run the game it's infuriating.
They take their lead from FIFA!! I'm starting to think the butts might be the place to go, a least you can have a beer in the stands.
If you mean SISU sign up to come back to the Ricoh ACL would / have bent over backwards. If you mean SISU agree CVA but no deal to come back then I hope that ACL have the balls to say **** off. Taking the club out of Coventry will kill it. For me the quicker it dies the better. It's like a sick animal at the moment and it needs fixing quick or putting down.
English football is run appallingly at all levels, be it the national side, the top flight or the feeder leagues below. I can get an ST at Hibs for just £100 and while the football is poor it is at least honest and you get a good atmosphere.
Your season ticket could well be only £100 to Easter Road but your round trip of 900 miles is going to push the cost up somewhat. May I point other readers of the bargain offer currently doing the rounds of a slightly more expensive season ticket yet merely a 70 mile round trip in the midlands area. Word on the street is that at this late stage, tickets are still available. I know it sounds almost too good to be true. Perhaps this time tomorrow it won't be. Perhaps however this time tomorrow we will be on the cusp of a new season starting off with 25 points less than every other club in the league.
SISU OUT!
No I meant sisu sign to come back to the Ricoh, and then ACL say ****off we're not signing the CVA. Problem is PWKH was on the radio last week saying that Higgs want to refuse the CVA because they want the investigation, so from sisu's pov ACL's default is reject the CVA.
I wouldn't say ACL have bent over backwards, they have offered a sensible and attractive rental deal that's all.
Sources told the Telegraph Sisu/Otium, headed by Joy Seppala and whose club directors are Tim Fisher and Mark Labovitch, will not consider any Ricoh negotiations unless the CVA is signed.
Joy Seppala would of course be delighted to meet with Ann Lucas. Indeed, Joy and the directors of the football club were disappointed that neither Ann nor her deputy attended the important meeting with her last week - and instead left it to directors of ACL who admitted that they did not have the authority to take some of the key decisions needed to bring about a resolution.
"They've run us up against a cliff edge of liquidation and they've moved to tip us over," Fisher said. "All I can say is that it is the biggest crying shame."How can a public body not accept a complete CVA where they will get the money that they are owed, instead of a liquidation where they will get a fraction of that, potentially one-sixtieth of what they would have got?
"This isn't a financial situation of our making; there is no financial gain. Actually there is economic and financial wreckage at the club. I'm not sure we could have done anything differently."
"An unreserved apology to the fans that we've had to go down this route," he said. "We think it's regrettable and the off-field has completely overshadowed the on-field, now we need to redress the balance. The economic damage incurred to this club is huge."
“We accept the uncertainty surrounding the creditors meeting and its outcome,” said Fisher. “We fully understand – as do the unsecured creditors ACL and Higgs – both that a CVA gives a route to creditors to get paid but that liquidation of Football Club Ltd will lead to little or no cash return for the creditors but can lead to sporting sanctions such as penalty points deduction.
“We cannot second guess what the council and Higgs Charity will decide to do at the creditors meeting. However, be clear their decision will impact the playing side of the club.
“We are working with the Football League to agree a policy on players out and in, while staying within the Financial Fair Play rules.
“We do not underestimate the unhappiness of the fans and of course we are very respectful of their feelings. Neither should our determination to succeed be underestimated. This is a position none of us wanted to be in but we have had to move to secure the future of the club.
“We are working now to make keep the cost of following the club to Sixfields as low as possible because there are fans who want to come to matches. We hope, in time, more will follow but our planning and budgeting facilitates a competitive team on the pitch.
“The team will get 60p for every pound of relevant income.
“We have invested heavily off the pitch to ensure that we have a platform for success this season. For example, all the training pitches have been upgraded to the highest specification.
"The strength and conditioning facilities have been expanded and we are currently searching for a new head of recruitment plus a further £500,000 commitment to our recently secured Category 2 status Academy.”
Fisher maintains that Sisu had no choice but to quit the Ricoh Arena and build their own stadium and despite the revelation that their groundshare agreement with Northampton Town could extend to five years he expects to be re-homed in three.
“Our consultants have advised us that, all being well, a stadium can be built in less than three years,” he said. “The further two years simply reflects a contingency in the event of project slippage – to be clear, our objective is to return to the Coventry area as soon as possible to our own stadium.
“We were forced out of the Ricoh Arena. It is not our plan to force a sale of the Ricoh Arena – either in part or in whole. By their own admission, the council and Higgs have a stadium operating model which has failed. A club cannot be decoupled from stadium revenues.
“As a club, we wanted to access to matchday revenues but now, with plans to build our stadium, it opens up even more opportunities around sponsorship and non-matchday revenues –all of which will have a positive impact on what we can do on the pitch. Assertions that we are distressing or attempting to distress ACL are nonsense.”
Fisher also refuted suggestions that Sisu have been showing signs of triumphalism in recent statements.
“We are in a sombre mood,” he said. “How can anyone possibly be happy in this situation?
“There are no winners in this – be clear, the financial cost and economic damage to the club has been huge.
“We moved to protect the club and sought and received the full support of the Football League. The club comes first.
“We don’t feel like we’ve won but the prospect of not fulfilling our fixtures would have had massive implications on the club so we had to act.
“I don’t underestimate how unhappy the fans are at the ground-share idea but we will try to develop packages that are very compelling from a price point of view.
“Of course it’s a commercial risk, but the risk of staying at the Ricoh without any access to long-term revenue streams would be far greater.”
My brother-in-law and his wife and two kids have just emigrated to Oz from living in Edinburgh. I love the Scots so much I married one of them. It's the least I could do. Stirling?
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