Non AMP
Sky Blues Talk
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

who thinks we will be liquadated if sisu dont win the judicial review (2 Viewers)

  • Thread starter skybrew
  • Start date May 4, 2014
Forums New posts
  • 1
  • 2
  • 3
Next
1 of 3 Next Last
S

skybrew

New Member
  • May 4, 2014
  • #1
who thinks Coventry city will be liquidated if sisu don't win the judicial review

I do I think they'll cut there losses and go if they don't win the case I honestly fear for next season
 

cornoccfc

Member
  • May 4, 2014
  • #2
If there was a poll, I would have voted yes.
 

skybluetony176

Well-Known Member
  • May 4, 2014
  • #3
Who knows. I think you'll struggle to find anyone who believes that they're here for their love of the club so I guess anythings possible.
 
S

Sba180

Member
  • May 4, 2014
  • #4
Strong possibility to be honest
 

chiefdave

Well-Known Member
  • May 4, 2014
  • #5
Hopefully someone would offer to buy the club off SISU for more than they would get from liquidation.
 
W

wingy

Well-Known Member
  • May 4, 2014
  • #6
I don't think we will be Liquidated ,more a chance of an Admin event and another shuffle .Perhaps the creation of another company appearing within the group ,likely with Fisher + others solely at the helm ,SISU gone .

If this were to coincide with similar happening simultaneously within ACL at that point a marriage of the two and then sold on
 

Ian1779

Well-Known Member
  • May 4, 2014
  • #7
Fucking hell... do you also believe that the moon is made of cheese and the Illuminati secretly run the globe?

Never heard such nonsense.
 

Otis

Well-Known Member
  • May 4, 2014
  • #8
cornoccfc said:
If there was a poll, I would have voted yes.
Click to expand...


If there was a poll I would have voted yes to no more polls.
 
K

Kingokings204

Well-Known Member
  • May 4, 2014
  • #9
Ian1779 said:
Fucking hell... do you also believe that the moon is made of cheese and the Illuminati secretly run the globe?

Never heard such nonsense.
Click to expand...

Why wouldn't they Ian?

(I'm genuinely interested)
 
S

skybrew

New Member
  • May 4, 2014
  • #10
to what liquidation or fisher forming a new company?
 

Ian1779

Well-Known Member
  • May 4, 2014
  • #11
Kingokings204 said:
Why wouldn't they Ian?

(I'm genuinely interested)
Click to expand...

They have a far greater chance of recouping their investment if the club continues. If it was liquidated they would get zero. Absolutely nothing.

It is quite possibly the most ridiculous suggestion that people make... fucking scaremongers.
 

Sky Blue Harry H

Well-Known Member
  • May 4, 2014
  • #12
Maybe they will, maybe they won't??????
 

ccfcway

Well-Known Member
  • May 4, 2014
  • #13
Ian1779 said:
They have a far greater chance of recouping their investment if the club continues. If it was liquidated they would get zero. Absolutely nothing.

It is quite possibly the most ridiculous suggestion that people make... fucking scaremongers.
Click to expand...

they also stand a far greater chance of losing even more money.
 

sky blue john

Well-Known Member
  • May 4, 2014
  • #14
Ian1779 said:
They have a far greater chance of recouping their investment if the club continues. If it was liquidated they would get zero. Absolutely nothing.

It is quite possibly the most ridiculous suggestion that people make... fucking scaremongers.
Click to expand...

But I guess you think its ok for Tim & Joy to threaten liquidation ?
 

Grendel

Well-Known Member
  • May 4, 2014
  • #15
sky blue john said:
But I guess you think its ok for Tim & Joy to threaten liquidation ?
Click to expand...

Seems ok for the council to reject a CVA so why not?
 

Ian1779

Well-Known Member
  • May 4, 2014
  • #16
sky blue john said:
But I guess you think its ok for Tim & Joy to threaten liquidation ?
Click to expand...

Threaten? It was brought up in a conversation, it's not like they popped down to the Courts to make an application is it?
 

sky blue john

Well-Known Member
  • May 4, 2014
  • #17
Grendel said:
Seems ok for the council to reject a CVA so why not?
Click to expand...

We all know you support Sisu actions whatever they do that goes without saying !!
I prefer to look at what's best for CCFC shame you don't !!!
 

sky blue john

Well-Known Member
  • May 4, 2014
  • #18
Ian1779 said:
Threaten? It was brought up in a conversation, it's not like they popped down to the Courts to make an application is it?
Click to expand...

Lol.
I hardly think Tim mentioning it on the radio and in a CET article was idle chit chat !!
 

shmmeee

Well-Known Member
  • May 4, 2014
  • #19
Ian1779 said:
They have a far greater chance of recouping their investment if the club continues. If it was liquidated they would get zero. Absolutely nothing.

It is quite possibly the most ridiculous suggestion that people make... fucking scaremongers.
Click to expand...

How's the recouping the investment going right now?

It costs them £7m/year to keep us going, and we're constantly told to be grateful for it.

I can't see us getting liquidated because someone will always take a gamble on a club like us and they could cut a deal for the debt similar to Robinson allegedly did. But considering they've said on numerous occasions that they would do it, I'm not sure why the incredulity.

To answer OP: No (for the reasons stated above). But I do believe it would be our best chance of a lasting future. The idea of some kind of co-investment or delayed debt deal with Byng sends shivers down my spine.
 

skybluetony176

Well-Known Member
  • May 4, 2014
  • #20
Ian1779 said:
Threaten? It was brought up in a conversation, it's not like they popped down to the Courts to make an application is it?
Click to expand...

No. They only did that for administration and cost us 10 points in the process.
 

Como

Well-Known Member
  • May 4, 2014
  • #21
As long as the Golden Share has a value to somebody else it would be reasonable to assume that it would be sold if the Club, the Company, was Liquidated.

In my mind the Club - the golden share. Who holds it varies.
 

Ian1779

Well-Known Member
  • May 4, 2014
  • #22
skybluetony176 said:
No. They only did that for administration and cost us 10 points in the process.
Click to expand...

The judge was wrong in the recent court case, its clearly -10 all
 
K

Kingokings204

Well-Known Member
  • May 4, 2014
  • #23
That's my worry. I see what Ian is saying but they also stand to lose a hell of a lot more which I would say is more likely.

I'm seriously worried for ccfc and sisu want the best for them not the fans and the club.
 
K

kmj5000

Member
  • May 4, 2014
  • #24
Ian1779 said:
They have a far greater chance of recouping their investment if the club continues. If it was liquidated they would get zero. Absolutely nothing.

It is quite possibly the most ridiculous suggestion that people make... fucking scaremongers.
Click to expand...

No, I agree, it's far better to keep the club stumbling along for the next 4/5 years,incurring further losses, and still get nothing because it will still be worth FA then!

After all, these are professional investors - they know what they are doing!
 
Last edited: May 4, 2014

bigfatronssba

Well-Known Member
  • May 4, 2014
  • #25
I think if they lose they will appeal, after that sisu will cut all funding. At a guess it will be up to Tim Laurel and Mark Hardy to keep the club going for the sake of their jobs.
 

skybluetony176

Well-Known Member
  • May 4, 2014
  • #26
Ian1779 said:
The judge was wrong in the recent court case, its clearly -10 all
Click to expand...

I guess that's one way of looking at it. Perhaps the shouty council out element will stop going on about how ACL cost us 10points last season as it had about the same overall effect as the 10points sisu cost us the season before. I won't hold my breath though.
 

letsallsingtogether

Well-Known Member
  • May 4, 2014
  • #27
Come on Grendel pretty poor even to your standards.
There is a massive divide between a CVA and admin ?

Back to the question I don't believe they will put the club into admin I believe they will build there Lego stand and hope for the best.
First of all they need to give the fans something or we are doomed so far have given us Diddy squat.

Well here's to hoping..........
Grendel said:
Seems ok for the council to reject a CVA so why not?
Click to expand...
 

shmmeee

Well-Known Member
  • May 4, 2014
  • #28
I predict administration. A proper one, not a rigged one. And Byng picking up the pieces.
 

shmmeee

Well-Known Member
  • May 4, 2014
  • #29
skybluetony176 said:
I guess that's one way of looking at it. Perhaps the shouty council out element will stop going on about how ACL cost us 10points last season as it had about the same overall effect as the 10points sisu cost us the season before. I won't hold my breath though.
Click to expand...

No! You don't understand! That 10 points doesn't matter because we were never going to get to the playoffs, whereas this season it does matter because we're only ........ 24 points off the playoffs!

Playing politics in our first two seasons down was downright suicidal. Fucking stupid. Get the club promoted, then the fans will back your calls for Ann Lucas to commit seppaku on the council house steps if you want. Don't do it when we've just gone down and everyone is pissed off.
 

skybluetony176

Well-Known Member
  • May 4, 2014
  • #30
bigfatronssba said:
I think if they lose they will appeal, after that sisu will cut all funding. At a guess it will be up to Tim Laurel and Mark Hardy to keep the club going for the sake of their jobs.
Click to expand...

I think I'm right in saying that they can only appeal if they bring fresh evidence to the table. They can't appeal on the grounds of the first hearing. Let's hope that they don't hold any evidence back for this scenario. After all it would be a great way to continue distressing ACL while waiting for a new court date. Off course they wouldn't have any concerns about distressing the fan base as it would almost certainly mean at least one more season at suxfields.
 

shmmeee

Well-Known Member
  • May 4, 2014
  • #31
skybluetony176 said:
I think I'm right in saying that they can only appeal if they bring fresh evidence to the table. They can't appeal on the grounds of the first hearing. Let's hope that they don't hold any evidence back for this scenario. After all it would be a great way to continue distressing ACL while waiting for a new court date. Off course they wouldn't have any concerns about distressing the fan base as it would almost certainly mean at least one more season at suxfields.
Click to expand...

Surely as they're selling tickets we're at Sixfields next year whatever?
 

skybluetony176

Well-Known Member
  • May 4, 2014
  • #32
shmmeee said:
Surely as they're selling tickets we're at Sixfields next year whatever?
Click to expand...

Most likely, they're certainly not going to be saying anything different this side of the JR. There is plenty of time afterwards though to arrange a return and you never know sense might prevail.
 

Ian1779

Well-Known Member
  • May 4, 2014
  • #33
skybluetony176 said:
I guess that's one way of looking at it. Perhaps the shouty council out element will stop going on about how ACL cost us 10points last season as it had about the same overall effect as the 10points sisu cost us the season before. I won't hold my breath though.
Click to expand...

Points deductions aside, I don't think there is any evidence that a liquidation event would occur seriously. There is simply no logic to it. Now before the inevitable comments that they haven't applied much logic so far - financially it doesn't makes sense - they wouldn't even have the golden share as an asset to recoup on, PR wise it would destroy the SISU group of companies, and they would stand to lose far more than what they put into CCFC.
 

Otis

Well-Known Member
  • May 4, 2014
  • #34
ccfcway said:
they also stand a far greater chance of losing even more money.
Click to expand...


Which is a very fair point indeed. Liquidate, get nothing, carry on for say 5 years as we are and continue to hemorrhage money.

Not pretty whichever way you look at it.
 

bigfatronssba

Well-Known Member
  • May 4, 2014
  • #35
Ian1779 said:
Points deductions aside, I don't think there is any evidence that a liquidation event would occur seriously. There is simply no logic to it. Now before the inevitable comments that they haven't applied much logic so far - financially it doesn't makes sense - they wouldn't even have the golden share as an asset to recoup on, PR wise it would destroy the SISU group of companies, and they would stand to lose far more than what they put into CCFC.
Click to expand...

Whilst at the moment the business world is in awe of Sisu's fiscal and managerial competence?
 
  • 1
  • 2
  • 3
Next
1 of 3 Next Last
You must log in or register to reply here.

Users who are viewing this thread

Total: 3 (members: 0, guests: 3)
Share:
Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
  • Default Style
  • Contact us
  • Terms and rules
  • Privacy policy
  • Help
  • Home
Community platform by XenForo® © 2010-2021 XenForo Ltd.
Menu
Log in

Register

  • Home
  • Forums
    • New posts
    • Search forums
  • What's new
    • New posts
    • Latest activity
  • Members
    • Current visitors
  • Donate to the Season Ticket Fund
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?