When is SISU's judicial review of Coventry City Council Taking Place? (1 Viewer)

Snozz_is_god · Jul 9, 2013

I think is a key moment, if CCC win I think things will start to unravel for SISU

Covcraig@bury · Jul 9, 2013

If CCC lose ACL are also in big shit .

Snozz_is_god · Jul 9, 2013

exactly why I think this could be a pivotal moment & incidentally the reason ACL aren't saying much at the moment

ccfc92 · Jul 9, 2013

Do we know when it is? This might be the "it's not over yet" stage we are waiting for.

Covcraig@bury · Jul 9, 2013

If sisu win this JR where would this leave ACL with a £14 million bail out loan from the council with tax payers money ? Whole new ball game me thinks !

Sky Blue Pete · Jul 9, 2013

Report in telegraph of 29th June saying next month (July) a judge will decide whether a full judicial review into the loan is required. Not gonna be sorted soon I am afraid

James Smith · Jul 9, 2013

Covcraig@bury said:
If CCC lose ACL are also in big shit .

CCFC / SISU might find the groundshare goes south rather quickly if they do win as there is a loan deal there too for £12M from the council. Also if ACL win then SISU might actually have to build the White Elephant stadium Boy would the Cobblers be pleased with us. :facepalm:

Covcraig@bury · Jul 9, 2013

There must be a get out clause !!!
If sisu feck off and sell, then the Ricoh/ACL would welcome Ccfc back with open arms ASAP ?? Depending on the outcome JR

James Smith · Jul 9, 2013

Covcraig@bury said:
There must be a get out clause !!!
If sisu feck off and sell, then the Ricoh/ACL would welcome Ccfc back with open arms ASAP ?? Depending on the outcome JR

ACL issued another statement last night saying that they're still happy and willing (or words to that effect) for the club to play at the Ricoh. Tim seems to have missed or ignored this when he made his broadcast to the Sky Blue Nation.

Covcraig@bury · Jul 9, 2013

My only concern would be any future owner would need 100% of the Ricoh to make it financially feasable . I don't think ACL would want this as it would almost certainly kill them off. This JR is like snoz said the turning point that could break someone . Wouldn't like to be the judge

bigfatronssba · Jul 9, 2013

Covcraig@bury said:
My only concern would be any future owner would need 100% of the Ricoh to make it financially feasable . I don't think ACL would want this as it would almost certainly kill them off. This JR is like snoz said the turning point that could break someone . Wouldn't like to be the judge

Why would it kill ACL? It would just become an internal division of the club concentrating on the non football side of things.

Covcraig@bury · Jul 9, 2013

bigfatronssba said:
Why would it kill ACL? It would just become an internal division of the club concentrating on the non football side of things.

How do you mean it will become an internal division of the club ?

Sky Blue Pete · Jul 9, 2013

Covcraig@bury said:
My only concern would be any future owner would need 100% of the Ricoh to make it financially feasable . I don't think ACL would want this as it would almost certainly kill them off. This JR is like snoz said the turning point that could break someone . Wouldn't like to be the judge

Less than 100% could work

Covcraig@bury · Jul 9, 2013

Sky Blue Pete said:
Less than 100% could work

How much less ? 10% ? could ACL survive on 10% or 20%? would be nice to find out how much they would need just to break even on 6- 11K gates.
And would a new owner be able to balance the books with a little profit to re invest at 80-90%

James Smith · Jul 9, 2013

Covcraig@bury said:
How do you mean it will become an internal division of the club ?

CCFC under new owners just buy 100% of the ACL shares and it becomes a fully owned subsidiary of CCFC. A company I worked for in the past did this and then made me and others redundant because they were disbanding my division.

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