Rumour: Hoffman and Elliot takeover negotiations (22 Viewers)

italiahorse

Well-Known Member
You're a complete idiot, by that logic Sixfields was fine because some fans were OK with it.

Sent from my D6603 using Tapatalk

No I worry about my club and let others worry about theirs.
From the many I speak too they would rather them be in Coventry than not existing at all.
 

italiahorse

Well-Known Member
Bollocks. The council had veto and pre sisu the club were never allowed to purchase unless they paid around £10 million for the Higgs share and £24 million for F and B right and.

Stop lying.
Don't know the figures on the agreed Higgs formula or what it takes to buy access to the F&B revenues, but I do know you have to buy them.
You will need to show me the veto information and of course don't forget to show me the timeline on it as you usually do.
 

Grendel

Well-Known Member
Don't know the figures on the agreed Higgs formula or what it takes to buy access to the F&B revenues, but I do know you have to buy them.

How much did wasps pay for them? And how long was the lease?

Oh and are wasps paying £1.3 million a year rent as we would still have been?
 

Irish Sky Blue

Well-Known Member
Oh yes and the half was at a formulae pribe of £10 million and on a less than 50 year lease.

The director set up meant they'd have no influence at all on strategy.

So the rental would still be £1.3 million a year and no distribution of dividends.

Oh and the veto was still an option.

Would you have done that?

The fact is that Wasps negotiated their terms, did Sisu even try? Sisu also helped in the Wasps deal by distressing ACL.
 

Grendel

Well-Known Member
The fact is that Wasps negotiated their terms, did Sisu even try? Sisu also helped in the Wasps deal by distressing ACL.

So you are saying that we had to pay extra as our very presence escalated the value?

So you basically agree that the club should move if they can distress an out of town business.

Awesome

And I repeat pre sisu we we would have had to pay £34 million for half share and F and B rights.

Was they a reasonable deal - yes or no?
 

Grendel

Well-Known Member
About £20M ?
Sisu could have worked towards a deal but the Northampton move put paid to that.
Wasps was a get out of jail for CCC and Higgs.

They paid £5.4 million for a 200 year lease extension.

Stop lying.
 

italiahorse

Well-Known Member
They paid £5.4 million for a 200 year lease extension.

Stop lying.

They paid £5.4M for ACL and £1M for the lease extension to be exact.
They also paid off the £14M loan which effectively can be transposed as kitting out of the stadium facilities.
 

italiahorse

Well-Known Member
So you are saying that we had to pay extra as our very presence escalated the value?

So you basically agree that the club should move if they can distress an out of town business.

Awesome

And I repeat pre sisu we we would have had to pay £34 million for half share and F and B rights.

Was they a reasonable deal - yes or no?

They could have negotiated that down like Wasps did.
Yes they might have paid the going rate of an occupied stadium at the time and it would be cheaper than a new stadium.
But they are Sisu and that was never the plan so why should they?
They got caught with their trousers round there ankles and you and others are trying to hold them up for them.
 

Irish Sky Blue

Well-Known Member
So you are saying that we had to pay extra as our very presence escalated the value?

So you basically agree that the club should move if they can distress an out of town business.

Awesome

And I repeat pre sisu we we would have had to pay £34 million for half share and F and B rights.

Was they a reasonable deal - yes or no?

I don't agree with the club moving at all. It is simply ironic that Sisu's underhand tactics worked to Wasps advantage by leaving ACL in a weakened position. A move that has proved catastrophic for CCFC. Why would any City fan be pleased about that? it is also amazing what you can achieve when you talk to people, explain your difficulties and negotiate a fair settlement. Again, something that I don't believe Sisu ever tried to do with regards to buying the half share.
 

clint van damme

Well-Known Member
They could have negotiated that down like Wasps did.
Yes they might have paid the going rate of an occupied stadium at the time and it would be cheaper than a new stadium.
But they are Sisu and that was never the plan so why should they?
They got caught with their trousers round there ankles and you and others are trying to hold them up for them.

there is, as usual, only one person sticking up for an out of town, team moving hedge fund.
 

Grendel

Well-Known Member
They paid £5.4M for ACL and £1M for the lease extension to be exact.
They also paid off the £14M loan which effectively can be transposed as kitting out of the stadium facilities.

The loan is irrelevant as you well know. It's a loan that was privately funded and the council purchased at their dictation.

The shareholder valuation was £5.4 million for a 200 year lease extension

Why are you lying?
 

Grendel

Well-Known Member
I don't agree with the club moving at all. It is simply ironic that Sisu's underhand tactics worked to Wasps advantage by leaving ACL in a weakened position. A move that has proved catastrophic for CCFC. Why would any City fan be pleased about that? it is also amazing what you can achieve when you talk to people, explain your difficulties and negotiate a fair settlement. Again, something that I don't believe Sisu ever tried to do with regards to buying the half share.

Pre sisu? Why are you ignoring that?
 

Nick

Administrator
What if a company now offered ccfc a decent deal on their own stadium in Coventry but they rejected it to move to an empty one 80 miles away?

Note, their own..
 

Grendel

Well-Known Member
You've added decent.

Something you know nothing about. You'd be prepared to flush 130 years down the toilet for a few quid

Next time you go to see your insects have a look at that bearded blokes statue and think would he be proud of you?
 

letsallsingtogether

Well-Known Member
Problem was Wasps were already in the shit financially they needed some thing to keep going I believe they thought the Ricoh would bring them that.
From what I've heard it hasn't worked and now they are even more in the shit.
Maybe this is what Joy has been waiting for.
If rumours are to be believed the 2 parties are speaking about an extension at the Ricoh.
Just goes to show that no hedgefund should be involved with sport of any kind they haven't got a clue.
 

CCFC54321

Well-Known Member
Problem was Wasps were already in the shit financially they needed some thing to keep going I believe they thought the Ricoh would bring them that.
From what I've heard it hasn't worked and now they are even more in the shit.
Maybe this is what Joy has been waiting for.
If rumours are to be believed the 2 parties are speaking about an extension at the Ricoh.
Just goes to show that no hedgefund should be involved with sport of any kind they haven't got a clue.
Believe me when I say wasps are in the shit. Short term they will survive but long term no way.
 

italiahorse

Well-Known Member
Something you know nothing about. You'd be prepared to flush 130 years down the toilet for a few quid

Next time you go to see your insects have a look at that bearded blokes statue and think would he be proud of you?

Sorry, have I missed the plan that I'm interfering with ?
I'm one of the main contributors to CCFC each year. Do I need to pay more ?
Is the bearded bloke the same one you slag off about his chairmanship?
 

torchomatic

Well-Known Member
no it didn't, any chance we had of owning the Ricoh went when the council sold the lease to wasps.
Not excusing sisus behaviour, but selling the lease to wasps didn't just end the chances of our current owners owning the stadium, it pretty much ended the chances of future owners purchasing it for the club.

And as I've said before that single decision will damage CCFC more than SISU ever could.
 

Grendel

Well-Known Member
Problem was Wasps were already in the shit financially they needed some thing to keep going I believe they thought the Ricoh would bring them that.
From what I've heard it hasn't worked and now they are even more in the shit.
Maybe this is what Joy has been waiting for.
If rumours are to be believed the 2 parties are speaking about an extension at the Ricoh.
Just goes to show that no hedgefund should be involved with sport of any kind they haven't got a clue.

Oddly enough I've heard the same and that wasps are now actively trying to get a new deal signed by the club. Terms, however, are punitive. In the end wasps will concede as their future will be hugely dependant on what happens to the football club - they know it, the club know it and wasps are finding their investment dream is not as rosy as they thought.
 

italiahorse

Well-Known Member
Oddly enough I've heard the same and that wasps are now actively trying to get a new deal signed by the club. Terms, however, are punitive. In the end wasps will concede as their future will be hugely dependant on what happens to the football club - they know it, the club know it and wasps are finding their investment dream is not as rosy as they thought.
You'll be sticking with Sisu on Tuesday then ?
 
Last edited:

Users who are viewing this thread

Top