can see it coming..

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Re: can see it coming..

Postby bolix » Fri Mar 22, 2013 7:30 pm

I dont know about anyone else.....but I just feel a tad sad that its degenerated into this.
A homeless club, possibly unable to fulfill its fixtures, furniture lorries, Admin, umbungo, no filed accounts. lawyers playing silly buggers. There's no winners and only one loser, the club.
Fucked off with it. :evil:
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Re: can see it coming..

Postby the boss » Fri Mar 22, 2013 7:50 pm

The Yid wrote:We can at least stop debating if SISU have put any money in..

"ACL' s chosen administraitor has just confirmed on the radio that from the club accounts that SISU have put in excess of £50 since taking over the club"



:shock:
2014 will be our year !!
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Re: can see it coming..

Postby slobbydan sillibic » Fri Mar 22, 2013 8:31 pm

Roger Mellie wrote:Heard a whisper that a substantial amount of land has recently been purchased near to Coventry Airport by "someone" associated with the club.


That`ll be handy for all our reknown international supporters....
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Re: can see it coming..

Postby The Dane » Fri Mar 22, 2013 8:43 pm

slobbydan sillibic wrote:
Roger Mellie wrote:Heard a whisper that a substantial amount of land has recently been purchased near to Coventry Airport by "someone" associated with the club.


That`ll be handy for all our reknown international supporters....



Finally! I've been waiting for this...
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Re: can see it coming..

Postby the boss » Sat Mar 23, 2013 9:29 am

Coventry City staff have been moved from the Ricoh Arena to the training ground and the club shop has been emptied.


Coventry City's plight reached a new low on Friday night as staff were moved from the Ricoh Arena to work at the training ground in Ryton and the club shop was emptied of its goods. A high court hearing earlier in the day to decide whether the Sky Blues should be placed into administration was adjourned until Tuesday.

Arena Coventry Ltd, the company that owns the stadium and consists of Coventry city council and the Higgs Trust, made an administration order last week against the club following a claim of £1.3m in unpaid rent on the ground.

A decision on whether the club was insolvent and therefore could be placed into administration was due to be made by a high court judge on Friday but on Thursday night Coventry's owners, Sisu, voluntarily put a non-operating subsidiary of the club, CCFC Ltd, into administration.

The judge has adjourned the case for four days while the repercussions of that development are understood. James Powell of Walker Morris, representing ACL, claims it was a "perplexing" move. "We were slightly perplexed by the statement put out by the club on Thursday. It suggests that CCFC Ltd is a non-operating subsidiary and that the football club is fine," he said.

"All the investigations that we've done and all the documents that we've looked at suggest that the football club rests with Coventry City Football Club Limited, which is the business that has gone into administration.

"We need to know first of all where the Football League share is. That's what entitles you to play in the Football League and all the publicly available documents say it rests with CCFC Ltd, the company in administration."

ACL also denied reports that it would lock up the gates at the Ricoh Arena and stop the club from playing there for the remainder of the campaign. A spokesman said: "Everyone wants to see the club playing here at the Ricoh Arena and there is absolutely no suggestion on the part of ACL to lock the gates or prevent the club playing at the stadium. That's complete rubbish."

A club spokesman had said on Thursday that all staff would still be paid their wages in full: "It is important to stress that the football club itself is not under threat. This is merely a property subsidiary which owns no material assets and has no employees, on or off the pitch.

"The club can confirm that all staff wages, PAYE and all other creditor commitments will continue to be met as before by Coventry City Football Club Holdings."

ACL had hoped to appoint Brendan Guilfoyle as the administrator but the club has now moved to appoint Paul Appleton from Rubin & Partners.

If Coventry City enter administration, then they will automatically be deducted 10 points by the Football League this season, ending their promotion hopes in League One. It has been suggested that for the points to be deducted during this campaign the administration order would have to be made by next Thursday. ACL, however, believes that is not the case and that the deadline is 27 April.

A Football League spokesman said last night: "At its meeting this afternoon the board of the Football League received an update on the current situation at Coventry City. The Football League is now in the process of analysing information relating to the club's corporate structure."

Coventry appointed their new manager, Steven Pressley, two weeks ago and he has guided the Sky Blues to within striking distance of the League One play-off positions. City play Portsmouth this weekend, another club that has endured severe financial difficulties in recent times, but some Coventry fans claimed on Friday that, when they tried to buy tickets online, they got an error message
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Re: can see it coming..

Postby Nick » Sat Mar 23, 2013 12:32 pm

Isn't it about time the Untrust issued a statement as every fucker else has
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can see it coming..

Postby Roger Mellie » Sat Mar 23, 2013 1:12 pm

Myself and Realist are currently working very hard behind the scenes putting the finishing touches on our takeover bid.

We shall release a statement in the upcoming days once we've found where the guillotine is and got some new paper.
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Good work Marlon.

Sign him up, sign him up, sign him up.
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can see it coming..

Postby Realist » Sat Mar 23, 2013 6:24 pm

Roger Mellie wrote:Myself and Realist are currently working very hard behind the scenes putting the finishing touches on our takeover bid.

We shall release a statement in the upcoming days once we've found where the guillotine is and got some new paper.


We are waiting on hearing from our financial advisor - Hat, to bank the money, and we will be in a position to move. Keep the faith.
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