stupot07
Well-Known Member
Why, will they be handing out complimentary whistles with all season tickets?
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Damn site noisier than Sixfields thats for sure.
1. Don't think they will have to liquidate now they will get 3 million or so from Wilsons sale. And they cant take the money straight out of the club as that's fraud I believe but stand to be corrected.
2. If they do liquidate at some point I don't think it will be that bad. The football league has special powers available to make provisions, the failing of the business is not necessarily the failing of the club as their is enough factual evidence to prove that their is a case of the club being deliberately run down to gain an economic advantage. If their was some one or group ready to step into the breach that has already engaged with the league to this end their may only be a points deduction, you cant punish the club if its being used as a financial pawn in a bigger picture.
When Halifax went out of existence I believe they had to apply to the lower leagues until they found a league that would accomodate them. In practice you usually have to go low enough until you find a league in which teams regularly disappear for whatever reasons. They're usually adept at incorporating new members and they often have spaces. With Coventry, I'd guess the level below Conference North (plus or minus a level). That'd mean back to the Football League within 4 years.
Halifax have been my second team for decades so I've seen them a few times along the way. It was gutting at the time to see the club disappear but they rebuilt and they're back to being close to their natural level. It's been not unentertaining playing the likes of Leigh Genesis and Frickley Athletic along the way and winning more than you lose is a nice feeling. Halifax kept their stadium as it's owned by the council and also used by the Rugby League side and they kept their fans. There's also no sense that the FC Halifax Town of today isn't the Halifax Town AFC of the previous 80 years, the fans are the club and the fans are the same.
SISU could walk away but the FL previously handed the golden share to another entity when CCFC Ltd went into liquidation, so could do again with new backers
Yes, that would be a glimmer of hope should they liquidate. And the FL are now renowned for changing/overlooking/ignoring their own rules. I can't recall the legalities of it all though, did Appleton find the golden share was registered with holdings, or some slippery reason to give it to Otium?
Anyroad, on the OPs question, would they actually do it. Would Fisher actually pull the plug and put business before the fans - giving the most recent flannel on CWR about this being a fantastic club and the fans are great and we deserve the best etc?
Distressed Asset 3
This business was a fallen angel. A Premiership pedigree and brand in a financially distressed position.
The challenge was to review and restructure the capital structure to encourage fresh investment into the business.
A first step was to create a valuation and cash flow sensitivity model for the business.
A second step required an analysis of the playing assets in respect of valuation and ‘liquidity’.
A third step required for wholesale restructuring of the business with previous vertical business streams around the first team, development squad and academy being replaced with horizontal management integration. This facilitated the creation of value with bright aspiring assets being played in the first team and creating instant value.
In respect of financing then long dated, expensive debt was replaced with short term, rolling asset backed financing. This facilitated cash flow stabilization.
A further hybrid instrument was created such that the debt element had repayment points linked to transfer window activity and equity convertibility was linked to overall asset performance.
So does that mean somebody dropped out in Scotland to give rangers a chance?, surely another team was also ready to come up so what decided their fate?
If our club was properly liquidated and not like last time where SISU used the process to get out of the rental agreement it would be up to the FL if our club would become non league.
When Wimbledon moved to MK there was no place for a new club as their club survived under a different name. So they started again much lower. But if a club gets liquidated properly there is a vacancy. If no club got relegated from the division that we are in there would be a vacancy in the division below. IIRC the expected drop would be 3 divisions, but we might get away with it because the FL have had a part to play in what has happened. We might only go as far as the Conference.
Every club that has gone out of business has lost its league place as it no longer exists.
Every club that has gone out of business has lost its league place as it no longer exists.
So does that mean somebody dropped out in Scotland to give rangers a chance?, surely another team was also ready to come up so what decided their fate?
Their story.....
In 2012, The Rangers Football Club plc became insolvent and entered administration, resulting in liquidation, when an agreement could not be reached with its creditors. Its business and assets, including Rangers FC, were bought by a new company, to which the club's Scottish Football Association membership was transferred in time to enable Rangers to relaunch in the Scottish Football League's Third Division at the start of the 2012–13 season.
They do now. As of this season 2014-15 promotion and relegation begins.Scotland doesn't do promotion and relegation from its bottom division, it's a closed shop.
Scotland doesn't do promotion and relegation from its bottom division, it's a closed shop.
That is like saying that every club that has been liquidated has gone out of business. It is what happens to the remnants of the club that decides. And a lot of it also depends on whether all football debts are paid.
If any of our club remained and started again we have a good chance of starting again about three divisions below where we are now. Rangers went as low as they did as it was a fraud that had been committed.
You're forgetting we're Coventry City, a sleeping giant, a PL club in waiting, the single most important club in the Football League......
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rangers when as low as they did because 1) they are 1 of the 2 giants of Scottish football (equivalent to say Liverpool) 2) the Scottish FA were scared of kicking them of the football league and 3) they haven't got a strong non league football pyramid like we have in England.
The rangers scenario sets no precedent for us or for the English FA.
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Maybe it's just me, but if we were liquidated and had to start all over again, we would still be Coventry City wouldn't we?
I don't quite get this notion of no longer going up if we drop say 8 leagues or whatever. Surely that is an irrelavance. We support the team because it is our team. If we were at the Ricoh still and were relegated to League 2 and then relegated again to the Conference and then again on to the lower leagues it wouldn't even cross my mind to not go.
I don't support the team because they are successful or doing well, I support them because they are my team. Doesn't matter what level they play at, they are my team.
Get the feeling from some that the level we play at will determine whether they would go or not to see new reformed Coventry City and I just can't get my head around that. I go up to games at times pretty much knowing we are going to lose, but I still go. The club doesn't stop being my club just because they aren't doing well.
I've been at all the shitty little cup games at the Ricoh when we've had 3 thousand there or whatever. I was born here and Coventry City are my club. I want them obviously to play at a decent level but can't think for a single minute I would abandon them just because we were no good. League One or Midland Combination, whatever, they don't just stop being my team.
If CCFC folded and a new Coventry City was formed I would be there like a shot, 100%.
And if they ever became the case I would be urging all City fans to go out and support the new Coventry City, at whatever level that may be.
If we had to start again we couldn't be Coventry City Football Club. The name would be gone. What are Nuneaton Borough called now?
I suppose we could be called Coventry United if it happens. Those that are making up excuses for SISU might stop if our club disappears as we know it. It seems to be our only chance of getting united.
If we had to start again we couldn't be Coventry City Football Club. The name would be gone. What are Nuneaton Borough called now?
I suppose we could be called Coventry United if it happens. Those that are making up excuses for SISU might stop if our club disappears as we know it. It seems to be our only chance of getting united.
Pretty certain die hard Nuneaton Borough fans still call Nuneaton Town 'the Boro.' They are still Nuneaton Borough to the fans.
We WOULD still be Coventry City, albeit Coventry City AFC or whatever. Wimbledon are still Wimbledon and even got all their trophies back.
Resources from where?
Resources from a fanbase far beyond that of most non-league clubs, and I daresay from a few local businesses. I don't want the club to go pop, but if it did I can't see that we couldn't work our way back up the pyramid.
Not like the attendances dropped 50% on relegation from the Championship.Like I said. Imagination land.
Who said anything about a precedent being set from Scotland?
Luton Town started a season on -30 points for a liquidation. This meant a drop of one division. But the FL keep changing the rules as we well know. It would be up to the FL on what would happen.
Not like the attendances dropped 50% on relegation from the Championship.
According to plenty on here most fans have moved on now.
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