Coventry Evening Telegraph.

Discussion in 'Wasps' started by skybluebeduff, Mar 14, 2016.

  1. Moff

    Moff Well-Known Member

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  2. skybluetony176

    skybluetony176 Well-Known Member

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    Never tested as no offer was ever made by the club to CCC. You have to put the horse before the cart.

    #statingthebleedingobvious
     
  3. skybluetony176

    skybluetony176 Well-Known Member

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    You know all these stories that the CT suppressed? Were they in the Observer at the time when the CT should have reported them?
     
  4. Nick

    Nick Administrator

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    It depends if they knew about them or not doesn't it?

    Is that the new defence, if it was in the Observer or not?
     
  5. Grendel

    Grendel Well-Known Member

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    Looks like Tony has had a sleep over at Italias this weekend.

    Yawn.
     
  6. skybluetony176

    skybluetony176 Well-Known Member

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    Don't all the guidelines say best value not best price? If Wasps were willing to take on the council loan in it's entirety would that represent best value for the taxpayer as the only real monies outstanding to the taxpayer was paid back in full? Of course we'll never really know what SISU would or wouldn't have offered as they chose not to put themselves in that position. However you could reference the figures quoted in the JR as to what they thought they could buy the YB loan for as an indication. Maybe the loan rather than the purchase price is what TF alludes to when he says they wouldn't have done the deal Wasps did? What is SISU's record on purchasing debt? Do they usually pay full price for it?
     
  7. skybluetony176

    skybluetony176 Well-Known Member

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    Does it? There's no other possibilities? Certainly when you look at stories like prince William serving in Afghanistan it took collusion with the press as a whole to suppress that story. Is the same not possible here? Fair enough they didn't have a hack of LR's calibre on the payroll at the time but are you really suggesting that all these stories were going on under their noses without a sniff allowing the CT to suppress them on their own?
     
  8. Nick

    Nick Administrator

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    How is the telegraph reporting of Phil Townsend going?

    I'd say the Observer didn't really know about it at the time, what would you say?
     
  9. skybluetony176

    skybluetony176 Well-Known Member

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    Couldn't tell you. Only really read the stories in the CT when a link has been added to this site.

    Not saying anything. Just pointing out that if you want to suppress a story in the press it typically requires collusion from more than one outlet, using the Prince Harry story as an example.
     
  10. chiefdave

    chiefdave Well-Known Member

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    Its on there somewhere, god knows where - their site is not the easiest to find things. From what I recall CCC, and most other councils, have guidelines which are basically an easier to digest version of various parts of the Local Government Act. At the end of the day the ownership structure of ACL means they can get away with not applying those guidelines but for me it gives a clear indication of what the 'correct' process would have been.

    The thing I take from that is that Wasps are having to explain the game to people, you don't have that problem with football.

    Yet they submitted a bid that matched Wasps :thinking about:

    You would have to ask the question of the Observer as to if they knew of the story. What seems to have happened is that Les Reid got hold of the story, CCC then moved to suppress it which led to Reid's sudden disappearance.
     
  11. skybluetony176

    skybluetony176 Well-Known Member

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    I think what you're referring to is the disposal of land and sites for development. The ownership structure of ACL doesn't come into it. The act is just not relevant. Maybe if car park C had been involved it would.
     
    Last edited: Mar 21, 2016
  12. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    The administrator bid for the Charity shares only. Neither SISU nor the administrator bid for the CCC shares at that time. The charity is not governed by the same regulations, guidelines etc as a Local authority.

    I believe the Charity gave their reasons for rejecting the administrators bid on their website. It never got as far as any veto etc being operated

    To be honest the administrator bidding seemed wrong and contrived to me. I always felt that they bid but knew it would be rejected - but that's just my own opinion at the time
     
    Last edited: Mar 21, 2016
  13. chiefdave

    chiefdave Well-Known Member

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    But surely the fact that a bid was put in makes a nonsense of Fisher claiming they wouldn't have done the same deal as Wasps.
     
  14. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    could do but not necessarily. But given what we all had figured out at the time I could suggest that he might have known the bid had a good chance of being rejected. In which case you might have to question the purpose of the bid, then his comment about not doing the deal Wasps did is not so contradictory
     
    Last edited: Mar 21, 2016
  15. Captain Dart

    Captain Dart Well-Known Member

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    The details of that deal was covered by confidentiality clauses, so how do you think SISU knew what they were?

    I agree with OSB, the bid was going to be rejected and the submission was for forms sake. By that stage things had gone too far & the charity wasn't going to jeopardise the Wasps deal or risk dealing with SISU.
     
    Last edited: Mar 21, 2016
  16. Moff

    Moff Well-Known Member

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    I know you were responding to Torchy, but I find it a bit ironic you telling him he cant whinge forever when you can clearly display plenty of it yourself.

    You keep telling everyone to move on, what to? Wasps and SISU union, hardly a marriage made in heaven? You seem to think it will be some sort of utopia, I think you will be hugely disappointed.
     
  17. skybluetony176

    skybluetony176 Well-Known Member

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    Either that or it makes a nonsense of the bid.

    I still think (and I know its supposition but as always that's all we have) that it's specifically in regards to the loan. As far as I can tell SISU's business is about debt restructuring (well, that and litigation ;) ) and if another company is willing to take over without the restructuring of the debt why would SISU be interested in that deal?
     
    Last edited: Mar 21, 2016
  18. oldskyblue58

    oldskyblue58 CCFC Finance Director

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    According to the Charity website The liquidator of CCFC Ltd was contacted by the Charity 08/10/2014 and asked to submit a bid for the Charity shares in ACL, the Charity honouring the terms of the option agreement from 2003. So that would seem to imply CCFC/Otium/sisu were not being that proactive about making a bid until that point. The Liquidators bid was rejected 14/11/2014
     
    Last edited: Mar 21, 2016
  19. dongonzalos

    dongonzalos Well-Known Member

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    Doesn't sound like they matched Wasps offer.....

    “Notwithstanding the history of Sisu’s behaviour, the Trustees considered carefully the offer to purchase made by Otium through the Joint Liquidators of CCFC Ltd. In addition to the financial aspects of the offers, the Trustees considered all other factors.

    “Amongst other factors considered, the Wasps offer was unconditional; the Otium offer was conditional. The Wasps offer requires in effect nothing of the Trustees other than the transfer of the shares.
     
  20. chiefdave

    chiefdave Well-Known Member

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  21. dongonzalos

    dongonzalos Well-Known Member

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    They will be doing all that whilst still building a new stadium?
    The new stadium was to be built whatever happens with the offer remember?
     
  22. skybluetony176

    skybluetony176 Well-Known Member

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  23. SkyBlueZack

    SkyBlueZack Well-Known Member

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    You two are on top form today. Wasted on here.
     
  24. Sick Boy

    Sick Boy Well-Known Member

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    He has a history of worshipping hedge funds, so it shouldn't be a surprise that he would want us to be jointly owned by two of them.

    Bizarrely he has a problem with one who moved a team temporarily 35 miles but seems to hold a club that moves 95 miles as great owners.
     
  25. Captain Dart

    Captain Dart Well-Known Member

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  26. italiahorse

    italiahorse Well-Known Member

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    The issue here is acceptance.
    It's happened. We are not happy.
    What can we do ?
    Nothing, so we need to move on.
    The best we can hope for now is mutual benefits.
     
  27. SkyBlueZack

    SkyBlueZack Well-Known Member

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    Acceptance to what point? Season tickets and merchandise? Mutual benefits? Shared car park revenue? Why don't you move on telling people to move on.
     
  28. chiefdave

    chiefdave Well-Known Member

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    We can not buy Wasps tickets, merchandise or support them in any way.
     
  29. skybluetony176

    skybluetony176 Well-Known Member

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    Not very realistic though Dave. You could argue going to watch CCFC supports them as the club pays them for use of the Ricoh, we buy carparking tickets (maybe we should all go and park at Italia's car park ;) ), buy f & B when inside (remember CCFC get some benefit from this to), use the casino and other facilities at the Ricoh before and after games.

    I agree with not supporting them directly with buying tickets (although according to some on here they give them all away for free) or merchandise but we are always going to have to support them in some way.
     
  30. NorthernWisdom

    NorthernWisdom Well-Known Member

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    This is what I'm highly uncomfortable with, full-stop.

    At some stage, I'll reach the tipping point of what's acceptable to me, and I fear it's not far away.
     
  31. olderskyblue

    olderskyblue Well-Known Member

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    Come on NW, Italia's car park can't be that bad, and it's not far away either... ;)
     
  32. skybluetony176

    skybluetony176 Well-Known Member

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    I know where you're coming from. I rarely use the carpark, usualy use the metal fabricators car park for a fiver unless it's full (once this season). Sorry but i like a hot chocolate and chocolate bar at half time but i take some comfort in he fact that the club take something from it. Only been in the casino once this year and that was because we went on one after the game and caught the train back.

    Unfortuantly that's where we are though. The only real option we have is get the best long term deal out of our landlords that serves the club as much as possible and live with it. You haven't got to like it, just put up with it. You're putting yourself on a hidding to nowhere otherwise.
     
  33. italiahorse

    italiahorse Well-Known Member

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    This drive to the bottom drives me potty.

    The CCFC can't have it so nobody can attitude !!!

    If we ever get rid of Wasps then what ? Back to Sisu stressing ACL.? Looking forward to that again.

    I'm over it and Enjoying life.
    Trying to enjoy CCFC and certainly enjoying participating in Wasps success.

    Touring the UK in the week and back at weekend for Football and Rugby.

    Try it, you might like it.
    Don't forget Rugby tickets are free ;)
     
  34. NorthernWisdom

    NorthernWisdom Well-Known Member

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    Culture should be linked to place.

    Detaching the links of place with heritage end up speeding up a race to the bottom. It is better to focus on the heritage and tradition that goes into giving a place depth.
     
  35. Moff

    Moff Well-Known Member

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    I think your demeaning attitude to everyone, that if the dont like Wasps they arent enjoying life, is wearing a bit thin. Time to give it a rest.

    I love life, really enjoy it but I still wish wasps would f*ck off back to London, and dont particularly like the Ricoh.

    The reason I still enjoy life is I am mature enough to make decisions based on what I know and how I feel, without letting it affect other things in my life. Its having a broad outlook and the intelligence to seperate things in life.

    I am sure you have that intelliegnce too, but not when you keep talking to people like some sad old teacher telling them that they must get over it to enjoy life.

    I dont need to tour the UK every week, although do travel extensively, nor do I probably have the riches you seem to enjoy letting us know you make from the car parking, thats your life not everyone elses, and it feels like you are trying to boast your way to that 'happiness' I am happy with my life without that, and without wasps thanks.

    I am sure there are things that you dont like in life, but I am equally sure that you can also enjoy it as well, just like th rest of us.
     

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