There might not be a points deduction (1 Viewer)

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AFCCOVENTRY

AFCCOVENTRY

Well-Known Member
As arvo have called in the debt and it's nothing to do with the playing side of the club,

All wages are being paid.

SISU are staying... :facepalm:
 
ajsccfc

ajsccfc

Well-Known Member
I think they're saying that there's no threat to the existence or league status of the club, but the deduction is surely unavoidable.
 
Lets all sing together

Lets all sing together

New Member
Couldn't make this up
 
Otis

Otis

Well-Known Member
Pretty certain though Eakin was saying on CWR that the 2 sides of the venture and intrinsinctly linked and the powers that be will say as much.
 
ajsccfc

ajsccfc

Well-Known Member
If there was such a way to go into admin without suffering league consequence surely everyone would be at it? If we don't drop points I'll eat my nacho hat. Note to self: buy dip.
 
sky_blue_up_north

sky_blue_up_north

Well-Known Member
Oh yes we will, this is just a Joy special to try and get control of the administrators...
 
CJparker

CJparker

New Member
So what does this actually mean??

Is the court appearance off now?
 
D

Deleted member 4439

Guest
On Walsall Board: Chilly in Coventry today. Minus 10.

Sorry, had to smile at that.
 
deanocity3

deanocity3

New Member
It's like the 1970's and coming home to watch jackanory
each day goes by the story twists and turns,gets you engrossed for the next episode.but will it end on friday afternoon at 4.30.
You can almost hear bernard cribbins say and they woke up from the nightmare to live happy ever after.
 
ajsccfc

ajsccfc

Well-Known Member
I think this just makes the court appearance a very quick 'admin? yep' deal rather than thrashing out a case.
 
Covstu

Covstu

Well-Known Member
I thought admin meant automatic deductions but obviously not. If SISU are staying and nothing is changing I am not sure what this all means then!!???
 
Nonleagueherewecome

Nonleagueherewecome

Well-Known Member
ajsccfc said:
I think they're saying that there's no threat to the existence or league status of the club, but the deduction is surely unavoidable.
Click to expand...

Sounds something like the Southampton case. This is really dodgy...
 
Nonleagueherewecome

Nonleagueherewecome

Well-Known Member
deanocity3 said:
It's like the 1970's and coming home to watch jackanory
each day goes by the story twists and turns,gets you engrossed for the next episode.but will it end on friday afternoon at 4.30.
You can almost hear bernard cribbins say and they woke up from the nightmare to live happy ever after.
Click to expand...


In this version we get home from school to find Bernard naked and waiting for us in our bed.
 
chiefdave

chiefdave

Well-Known Member
dubed said:
On Walsall Board: Chilly in Coventry today. Minus 10.

Sorry, had to smile at that.
Click to expand...

Seen a few Walsall fans having a pop in the last few months? Didn't know they had a problem with us, anything in particular upset them?
 
D

Deleted member 4439

Guest
Seems only that they (understandably) see themselves as a well-run club competing within their means, only to be potentially usurped by the likes of Coventry and Swindon, who aren't seen to be competing within the FPP rules.
 
CJparker

CJparker

New Member
To the OP - let's face it, nobody here has any idea!!!
 
M

Macca

Well-Known Member
Does this mean that everyone who allegedly prayed for admin because they wanted to see their club destroyed were right???

Fucked if I know anymore
 
T

The CableGuy

Well-Known Member
http://www.ciderspace.co.uk/ASP/news/news.asp?NewsItemId=19153

Football clubs entering administration face an automatic 10 point penalty as part of the Football League's rules on insolvency events. Coventry's separation of the issues they have concerning their stadium from their footballing business is no doubt an attempt to avoid that points deduction.

However, in April 2009, the Football League set its own precedence when they ruled that Southampton Football Club should be deducted points after their Holdings Company collapsed. The League's logic at the time was that "the company (in administration) and the football club are inextricably linked as one economic entity". In a statement the League said of the Saints' financial position:

"The holding company has no income of its own; all revenue and expenditure is derived from the operation of Southampton Football Club and the associated stadium company. The holding company is solvent in its own right. It only becomes insolvent when account is taken of the position of Southampton football club and the other group companies."

On that occasion, it took the Football League a total of 23 days to reach a decision on Southampton's finances, sending in a team of forensic accountants to determine whether they should be deducted points, with Southampton claiming the two companies were operationally independent. The League ruled otherwise, and invoked the 10 point penalty. It would not be a great surprise if they have to tread down the same path again with the Sky Blues.
Click to expand...
 
Nonleagueherewecome

Nonleagueherewecome

Well-Known Member
Macca said:
Does this mean that everyone who allegedly prayed for admin because they wanted to see their club destroyed were right???

Fucked if I know anymore
Click to expand...

No, it means-if SISU's plan works-that those that would have tolerated administration if it meant potentially being rid of SISU are pissed off.
 
S

Spencer

New Member
Otis said:
Pretty certain though Eakin was saying on CWR that the 2 sides of the venture and intrinsinctly linked and the powers that be will say as much.
Click to expand...

In business terms lots of companies are intrinsically linked - it means nothing.

All that matters is who ACL had a contract with.

(But again I have no idea if a points deduction will remain).

It's seem strange that people suggested acl's move for administration was a master stroke but this is just conniving. ACL and SISU are both just in it for the money - to think otherwise is, in my opinion, bonkers.
 
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