I think I have got my head around this now.
Coventry City Football Club is not being liquidated, and therefore are free to play their fixture tomorrow. However CCFC Ltd, which owns a large percentage of the football club are being liquidated. As a result, the Football Club will receive a...
I thought liquidation was the end of the company. All assets sold off to pay creditors and the company wound up.
Am I right?
If not, why are most news agencies still talking about point deductions? As far as I understand things, there is no club to deduct points from.
It is a very different situation. The Amex is owned by a separate company to the football club. This is to protect one, should the other ever go bust. However they are both owned by the same people, I understand. Others on here will know better.
It seems to me that the unmentioned sinner...