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Help Coventry City FC













Rowdey

Well-known member
Jul 7, 2003
2,537
Herne Hill
Got a few Cov mates who are very worried, and i used to really like Highfield rd.. Awful pre game pub mind.
Signed.
 








hans kraay fan club

The voice of reason.
Helpful Moderator
Mar 16, 2005
61,429
Chandlers Ford
Done. You fail to understand why this isn't illegal under UK law.

This is the part I struggle with.

1. Take over a company with huge debts, at a good price.
2. Put it into administration, wiping out a massive % of said debts.
3. Appoint your own pet administrator, who then confers preferred bidder status to your 'new company' under a different name, ignoring all other bids.
4. Buy back company and all its assets, completely debt free, for peanuts.

How the HELL can that be legal? It makes no sense at all.
 












sully

Dunscouting
Jul 7, 2003
7,843
Worthing
This is the part I struggle with.

1. Take over a company with huge debts, at a good price.
2. Put it into administration, wiping out a massive % of said debts.
3. Appoint your own pet administrator, who then confers preferred bidder status to your 'new company' under a different name, ignoring all other bids.
4. Buy back company and all its assets, completely debt free, for peanuts.

How the HELL can that be legal? It makes no sense at all.

Indeed. I guess this is just standard UK law, though, so I guess it goes on everywhere, not just in football.

It really needs to be stamped out.


Signed, by the way.....
 




Hornblower

Well-known member
Jul 7, 2003
1,707
Done
I hope they're getting a decent kick-back from ITV for the location shooting of 'Love And Marriage'
 






Hamilton

Well-known member
NSC Patron
Jul 7, 2003
12,506
Brighton
Done. Agree with the OP. We should use our experience to actively help others when they need it.
 












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