PEOPLE POWA
Yeah I've been reading up about this. It's a real shame what's happening to your club.
It's an absolute disgrace, I've never seen anything like it. Essentially the playing side of the club is decimated, and this transfer embargo will now last months.
In terms of the fans Sisu have stopped short of saying that the club doesn't need fans. That's a new one. The club is essentially dead playing in Northampton.
Sisu are complete experts in every kind of legal scam, loophole and procedure, that is how they make their money. The administrators and the Football League both came up against them and they were completely bewildered and intimidated, backing down to their demands. They have made the issue so complex very few even understand it.
Their end game is that they have lost £50m+ on this and have no way of generating money, so they want a share of the Ricoh Arena. The current owners would rather die than give them this, as would any sane person. So they are going down every route and bully tactic to try to achieve this, and fair play to ACL, The Higgs Trust and Coventry City Council (current owners), they have stood firm. ACL have thrown away £500,000 which they badly needed to reject the CVA, and in the end you'll still see Sisu with their slimy hands on some portion of 'the club' and CCFC playing in Northampton.
ACL are concurrently taking legal action against both the Football League and Northampton Town. The former for not taking the interests of CCFC fans into account, the absolute most important thing, and the latter for 'inducing' CCFC to play in Northampton. This is obviously a scare tactic to force the FL and NTFC into a rethink.