i think this summer will see whether i turn my back on my first and truly great love
I have hated this season- been to half a dozen away games, but beyond that havent really cared about the results - sometimes didnt even know we were playing
And have hardly missed a home game in 40 odd seasons before this one
No plans to return home/ more points deductions ... that may be the end for us
I appreciate your feelings but points deduction hasn't happened yet. I would imagine their defence will be they have to abide by the administration process which isn't finished yet. The FL sanction seems a two parter, after administration by the end of May?
The "race against time" is paper talk. Labovitch has said they will honour there agreements end of... So a couple of things, if they don't pay up and we are met with a points deduction then this is wholly their fault. There can be no blaming this on anyone else. Even if external factors such as not receiving rent rebate are currently holding up the process, pay the outstanding amount owed and then chase the rent rebate by other means. Whatever it takes the club needs to avoid any further sanctions because there is no way Pressley and the players will stick at it this year.
It's difficult to know the facts here but one that remains without doubt is that the (reported) £590,000 is owed. I'm sure SISU's team of lawyers will be on the case to prove that it's not owed - just yet anyway. If they play difficult with the liquidation they could delay payment for years.
I suspect the late payment (within or without the terms) is designed to starve ACL of cash. SISU know that when they pay the pressure is off ACL for some time. During that time SISU will have to move the stadium forward which they seem reluctant to do.
Appleton has made it clear that the liquidation process cant be concluded until all of the shredding has been completed and his mortgage is paid off.Hypothetically, if Sisu were to lose the judicial review and decide to cut their loses by winding the club up, the threat of expulsion from the league for non-payment would seem like no threat at all surely? Were that the case, they would just need to hold the league off until the review was settled.
Incidentally, which party has raised the issue which has stalled the existing liquidation process?
"There are two modalities of timing" - anyone able to translate that into English please?
"There are two modalities of timing" - anyone able to translate that into English please?
"There are two modalities of timing" - anyone able to translate that into English please?
Would have been wise of the FL to say it had to be paid prior to the first game of the season. If it's not paid now they've backed themselves into a corner, what do they do? Do nothing and they look weaker than they already are.
If using those two dates surely the phrases "the earlier of" or the "later of" would be included somewhere?
As always things appear to shift depending on who you ask.
I was under the impression that the £590k had to be paid by the end of the season. Now it seems to be the later of the end of the month or the liquidation of CCFC Ltd.
The ACL accounts say the amount is owed by Otium so why does the liquidation of CCFC ltd come in to it?
All expenditure we are told was paid out of a central bank account operated by CCFC H Ltd so why does CCFC Ltd liquidation come in to it?
Is there a clause in the agreement that actually refers to the liquidation of CCFC Ltd being a payment date?
All assets and rights that were in CCFC Ltd are now in Otium because Otium purchased those assets & rights, including the right to be given the Golden Share. The right to the Golden share is dependent on the £590k being paid.
CCFC H Ltd is being voluntary wound up but it has been suspended for some reason. Why is there such a delay in winding up what we are told are two shell companies?
If using those two dates surely the phrases "the earlier of" or the "later of" would be included somewhere?
There are no great mysteries to the mechanics of making a payment....... Cheque (perhaps not) bank transfer electronic transfer payment via solicitors BACS CHAPS internet..... all well tried tested and easily done, they take no time at all
Unfortunately the FL are unlikely to tell us who actually owes the money and when it must be paid - which is a shame because it would do away with some of these smoke and mirror situations
modality - clever way of saying method. When in actual fact he meant say was that there are two deadlines being applied, either the end of May or the date CCFC Ltd are liquidated, neither of which are very specific. Do FL & ACL agree these are the deadlines?
As always things appear to shift depending on who you ask.
I was under the impression that the £590k had to be paid by the end of the season. Now it seems to be the later of the end of the month or the liquidation of CCFC Ltd.
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