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CCFC Ltd Could Be Up For Sale Again

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25 Jun 2013 10:28:12

CCFC Ltd Could Be Up For Sale Again

I can't see how they can satisfy the Football League insolvency policy - Guilfoyle.

According to Brendan Guilfoyle, who was the administrator that Arena Coventry Limited wanted to use, there is still a chance that CCFC Ltd could be back up for sale.

Otium Entertainment Groups failing to file their accounts with Companies House, which is illegal, could see Tim Fisher and the Directors of Otium fail the Fit And Proper person test, which the Football League currently has in place.

“I’m surprised that Paul Appleton has given them preferred bidder status,” said Guilfoyle, who oversaw the sales of Luton Town, Crystal Palace and Plymouth Argyle.

“I understand Otium have offered the most but I don’t think they are capable of getting the share because they don’t have security of tenure at a stadium in Coventry and therefore I can’t see how they can satisfy the Football League insolvency policy," Mr Guilfoyle told the Coventry Telegraph's Andy Turner.

“But it’s always possible that Appleton knows something that I don’t.

"My comments are based on previous experience, and on that basis I am surprised he’s nominated Otium because I don’t think they are capable of getting the share. And if they don’t get the share then it’s up for sale again.”

With SISU not even having planning permission for a new stadium, they could also fall at this hurdle and Mr Guilfoyle said; “I’m surprised that Paul Appleton has given them preferred bidder status.

“I understand Otium have offered the most but I don’t think they are capable of getting the share because they don’t have security of tenure at a stadium in Coventry and therefore I can’t see how they can satisfy the Football League insolvency policy.

“But it’s always possible that Appleton knows something that I don’t.

"My comments are based on previous experience, and on that basis I am surprised he’s nominated Otium because I don’t think they are capable of getting the share. And if they don’t get the share then it’s up for sale again.”

Full story; http://www.coventrytelegraph.net/sport/football/football-news/football-insolvency-expert-casts-doubt-4707536?

  

Source: Coventry MAD


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