Nick
Administrator
Ashley will be bidding on the assumption CCFC play there. He could be in a situation where there's no club at the stadium he's buying.
How does this all work legally, the preferred bidder is reportedly offering to pay £15.8 million plus £1.2 million 17 in all & sisu, King whoever willing to offer £25 mill seemingly out of the blue. So had I won the Euros last night I could turn up this morning waving £30million under the judges’ nose which is basically what sisu are doing or saying I would think the judge will hear the preferred bid/offer that’s on the table today and rubber stamp it through, it’s nothing to do with who owns ccfc who are merely tenants at the moment as are the casino people for example. Basically a new landlord, Ashley takes over from the old landlord ACL. There was always a curve ball to be thrown and I suspect the Ashley camp expected one.
How does this all work legally, the preferred bidder is reportedly offering to pay £15.8 million plus £1.2 million 17 in all & sisu, King whoever willing to offer £25 mill seemingly out of the blue. So had I won the Euros last night I could turn up this morning waving £30million under the judges’ nose which is basically what sisu are doing or saying I would think the judge will hear the preferred bid/offer that’s on the table today and rubber stamp it through, it’s nothing to do with who owns ccfc who are merely tenants at the moment as are the casino people for example. Basically a new landlord, Ashley takes over from the old landlord ACL. There was always a curve ball to be thrown and I suspect the Ashley camp expected one.
Ultimately a court should be ensuring the best possible outcome for people owed money here. If the court is now aware that there are parties willing to pay more for the business and people like the wasps bond holders could potentially receive more money back, then sensibly it goes to a bidding war.
Ultimately a court should be ensuring the best possible outcome for people owed money here. If the court is now aware that there are parties willing to pay more for the business and people like the wasps bond holders could potentially receive more money back, then sensibly it goes to a bidding war.
Exclusivity doesn't mean MA has to buy or ACL have to sell to him.How does this all work legally, the preferred bidder is reportedly offering to pay £15.8 million plus £1.2 million 17 in all & sisu, King whoever willing to offer £25 mill seemingly out of the blue. So had I won the Euros last night I could turn up this morning waving £30million under the judges’ nose which is basically what sisu are doing or saying I would think the judge will hear the preferred bid/offer that’s on the table today and rubber stamp it through, it’s nothing to do with who owns ccfc who are merely tenants at the moment as are the casino people for example. Basically a new landlord, Ashley takes over from the old landlord ACL. There was always a curve ball to be thrown and I suspect the Ashley camp expected one.
CCFC will have representation in court today to argue their case. What was a slam dunk 5 min job, will probably become a long day.I’m not sure if these things become auctions perhaps they do surly a judge will look at the fact no other bids were officially on the table by today and judge on that.
Perhaps that’s a good thing and if after listening and taking into account what they say and the judge comes out in favour of the preferred bid is that it.
I'm sure that any creditors will have no problem joining together to get a better return, and no shortage of people to represent them.Well unless someone seems To think another court case is appropriate
There are no administrators atm. The ability to still fund ACL for a month is also a plus point.Is this likely to be a short hearing? If bond holders are now willing to accept the MA offer surely there isn’t much to discuss? It’s just procedural? Will SISU even be offered the stage to have their 2 pennies worth? Surely this is between MA, the administrator and ACL’s creditors. Are SISU classed as creditors? Maybe I guess if they’re due money back from bankrolling ACL enough that we didn’t cancel any games.
Is this likely to be a short hearing? If bond holders are now willing to accept the MA offer surely there isn’t much to discuss? It’s just procedural? Will SISU even be offered the stage to have their 2 pennies worth? Surely this is between MA, the administrator and ACL’s creditors. Are SISU classed as creditors? Maybe I guess if they’re due money back from bankrolling ACL enough that we didn’t cancel any games.
Is this likely to be a short hearing? If bond holders are now willing to accept the MA offer surely there isn’t much to discuss? It’s just procedural? Will SISU even be offered the stage to have their 2 pennies worth? Surely this is between MA, the administrator and ACL’s creditors. Are SISU classed as creditors? Maybe I guess if they’re due money back from bankrolling ACL enough that we didn’t cancel any games.
Of ACL?
I swear I saw that from someone vaguely official yesterday. Maybe not, it’s all been a blur.
Super, super, super, super Doug said it this morning too.
But who can appeal if that’s what you are saying any decision made today, I don’t think sisu/ccfc can and it appears the bond holders are sitting back nowWell unless someone seems To think another court case is appropriate
Who are ccfc Joy, Tim, Boddy ?BH site reporting CCFC in court
Who are ccfc Joy, Tim, Boddy ?
Who are ccfc Joy, Tim, Boddy ?
Is big mike there?
Crossing the T's and dotting the I's at the council House before case ends....
Got a feeling it might be sisu.This is my new fav twitter account.
Got a feeling it might be sisu.
I did think it was that bus lane camera guy
Got a feeling it might be sisu.
I did think it was that bus lane camera guy
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