119Coach
Monday, March 12, 2012 at 01:32 PM For wjd. With regard to the CVA, (The first one) that will likely incur a points deduction as it will have collapsed and deemed unworkable. My understanding is that when this happens, the debt reverts back to the original amounts (100 million) + the new debt (50 million) and because the first one was not honoured, would require 100% creditor approval, which just won't happen. Previous punishments for non approved CVA's is minus 25 points, so there is a chance that minus 25 points could be applied this season for the first CVA and then another minus 25 at the start of next season.
Now wouldnt this be nice if true,