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Three Possible Scenarios On Friday
Published : 20 Mar 2013 12:21:53
What Could Happen On Friday In The High Court
According to the Coventry Telegraph this morning, there are three possible scenarios which could happen on Friday in the High Court hearing.
The first is that SISU themselves could put Coventry City Ltd into administration to make sure they get their own administrator who might be deemed more sympathetic to their situation, but they would have to do it before 9.59 on Friday morning.
The second scenario and most likely, is for Sisu ask for an adjournment on Friday in order to give them more time to contest the administration application.
The third is that the Judge studies the case and decides that Coventry City Ltd is insolvent and cannot pay its debits and/or creditors and immediately puts the club into administration and City are deducted ten points.
More on this: http://www.coventrytelegraph.net/news/coventry-news/2013/03/19/american-property-tycoon-eyes-coventry-city-92746-33017986/#ixzz2O568ABcf
Source: Coventry MAD