Wasps bid for Ricoh Arena valued at £30million (1 Viewer)

[skybluetony176]

What are you on about? Higgs will almost certainly not get anywhere near that price.

As you said that the Ricoh was worthless and nobody else would possibly be interested I'm not going to take your word for it. Besides I'm not stating they will.

 

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[Ian1779]

So when Higgs get next to nothing will that be OK as it's just business?

 

[Limey]

We and the CT seem to know NOTHING about the clubs position in this yet. Until we do its almost impossible to make a call on this as CCFC supporters, no? I'm just hoping that there will be some long, long overdue good news for us at the end of this :s

 

[skybluetony176]

Just to re-iterate...

The £30m could easily be along the lines of £14.4m loan, £12m naming rights & £3.6m left for Higgs & CCC. We have no idea about the individual numbers so it's not really worth trying to extrapolate what equity etc. is from 'worth £30m' as it is such a general figure.

IIRC Rob you mentioned last week that you were hoping to meet with senior CCFC/SISU people by the end of this week. Did you have any joy (no pun intended) with this?

 

[stupot07]

We and the CT seem to know NOTHING about the clubs position in this yet. Until we do its almost impossible to make a call on this as CCFC supporters, no? I'm just hoping that there will be some long, long overdue good news for us at the end of this :s

We can make the judgement that moving a club 75 miles is wrong. We can make the judgement that I will have a negative effect on both cov rugby club and us.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

 

[RegTheDonk]

It is interesting though, most of us thought that the first option clause had been defunct by the breaking of the lease

I thought that was the case too stu.

Could ACL be wound up, breaking the lease with the club, and a new company formed to run the stadium? Would that null the current rent deal? Painfully ironic, sounds a bit like CCFC Limited and CCFC Holdings.

We're debating the cost of whats being sold etc. I can't get my head around that and, to be frank, does it really matter at this point? I'm more concerned with the bottom line - what does this mean for the club? What is SISUs next step, should this deal go through? We have always thought the Ricoh was the prize they craved. If that goes out of the window, would they have to sell at a big loss? Or liquidate?

Worrying times, YET AGAIN.

 

[hill83]

Not sure why but I'm not bothered about this whichever way it goes.

 

[Sick Boy]

We and the CT seem to know NOTHING about the clubs position in this yet. Until we do its almost impossible to make a call on this as CCFC supporters, no? I'm just hoping that there will be some long, long overdue good news for us at the end of this :s

We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.

 

[M&B Stand]

How could this jeopardise our tenancy long term? It can't really, we screwed up our secure lease so can't moan anyway.

On the basis of what's good for the the public purse, CCC councillors HAVE to say Yes, otherwise it is dereliction of their statutory duty. Unless SISU bid up and ruin themselves, they are out of the running for the Ricoh (providing Wasps get the funding). This is best news ever.

Course it is good news at means SISU will feck off

Claiming it to be good for the public purse, yet admitting it's about getting rid of owners you don't like


**since 2013

 

[Grendel]

As you said that the Ricoh was worthless and nobody else would possibly be interested I'm not going to take your word for it. Besides I'm not stating they will.

They are likely to be paying £3 - £7 million for the lot -- so Sisu weren't that wrong were they?

 

[hill83]

We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.

For me, and this is totally hypocritical, I don't give a shit about rugby.

 

[Jack Griffin]

Lets just hope there is some way that CCFC can get some long term security and a viable future at the stadium ..... it is still possible even if ACL are sold

I hope and expect so.. I reckon there will be trouble if there are no guarantees.

 

[Nick]

They are likely to be paying £3 - £7 million for the lot -- so Sisu weren't that wrong were they?

That is the way I read OSB's estimate. (I know it is an estimate by the way) that they would be paying £7 million for it. (as in physically handing over £7 million)

 

[skybluetony176]

They are likely to be paying £3 - £7 million for the lot -- so Sisu weren't that wrong were they?

Didn't you just say that they wouldn't get anywhere near £7M now you're saying they could. You seem confused. Do you know what day of the week it is? Perhaps you best go and lay down for a while.

 

[Grendel]

Didn't you just say that they wouldn't get anywhere near £7M now you're saying they could. You seem confused. Do you know what day of the week it is? Perhaps you best go and lay down for a while.

You idiot - its £7 million for 90%

 

[Nick]

We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.

Facts are not welcome!

 

[Nick]

You idiot - its £7 million for 90%

Add a note that it is just a guesstimate!

 

[RegTheDonk]

You idiot - its £7 million for 90%

In fairness G, that is splitting hairs a bit

 

[Kneeza]

We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.

They've (Wasps supporters) already been moved to Loftus Road (only six miles admittedly) and then nearly 30 miles to Adams Park. Wasps know that their fans will just suck it up or vote with their feet.

 

[sky blue john]

You idiot - its £7 million for 90%

If its really that little it makes your buddies at Sisu HQ right mugs does it not ?

 

[Jack Griffin]

Looks to me that SISU have really fucked up and fucked us over in the process.

This I think is one thing that I doubt anyone can disagree with.

 

[Grendel]

In fairness G, that is splitting hairs a bit

The Higgs Share is we are told £6.5 million. We have no idea what they are getting back from the sale as its going to be a confidential arrangement. The net purchase price for 90% is likely to be between the values stated and so a lot nearer to the sisu figure that was offered.

 

[Grendel]

This I think is one thing that I doubt anyone can disagree with.

Looks to me that the Council seriously don't give a fuck about Sport in Coventry. I imagine even you are hanging your head in shame aren't you Council Jack?

 

[Nick]

They've (Wasps supporters) already been moved to Loftus Road (only six miles admittedly) and then nearly 30 miles to Adams Park. Wasps know that their fans will just suck it up or vote with their feet.

Ah fuck them, makes it ok then

 

[Grendel]

If its really that little it makes your buddies at Sisu HQ right mugs does it not ?

It seems only you, Tony, Council Jack and Schmee are clinging to the council driftwood. Who next to jump ship?

 

[Otis]

Looks to me that the Council seriously don't give a fuck about Sport in Coventry. I imagine even you are hanging your head in shame aren't you Council Jack?

It's like a 'We are Millwall, no-one likes us' moment.

 

[Nick]

If its really that little it makes your buddies at Sisu HQ right mugs does it not ?

If you are quoting that IF it was 7 million being handed over for 90% would make SISU look like mugs, it doesn't really as it means they weren't far off if they were to pay 2 million up front for Higgs and would have been majorly over paying if they paid 5.5 million.

However, if it IS only 7 million being paid they should get to the bank to ask for a loan

 

[skybluetony176]

You idiot - its £7 million for 90%

That's a fact is it? Didn't you state that SISI deliberately lost the JR to continue the distressing of ACL just before they started giving them money to rent again?

Like me you know nothing for sure. We're all talking what ifs. Only you're trying to pass your what ifs as fact.

 

[Grendel]

That's a fact is it? Didn't you state that SISI deliberately lost the JR to continue the distressing of ACL just before they started giving them money to rent again?

Like me you know nothing for sure. We're all talking what ifs. Only you're trying to pass your what ifs as fact.

I did post an estimate of this figure. What did you think of OSB's response?

 

[torchomatic]

How did you manage to change your username?

How could this jeopardise our tenancy long term? It can't really, we screwed up our secure lease so can't moan anyway.

On the basis of what's good for the the public purse, CCC councillors HAVE to say Yes, otherwise it is dereliction of their statutory duty. Unless SISU bid up and ruin themselves, they are out of the running for the Ricoh (providing Wasps get the funding). This is best news ever.

 

[skybluetony176]

It seems only you, Tony, Council Jack and Schmee are clinging to the council driftwood. Who next to jump ship?

Clinging to council driftwood FFS. Show me a post where I've praised the council for this.

Stop making shit up to cause divisions that aren't there just so you can continue to talk about the council.

 

[Nick]

That's a fact is it? Didn't you state that SISI deliberately lost the JR to continue the distressing of ACL just before they started giving them money to rent again?

Like me you know nothing for sure. We're all talking what ifs. Only you're trying to pass your what ifs as fact.

Nobody has said it is fact, it is all guesstimates.

 

[skybluetony176]

I did post an estimate of this figure. What did you think of OSB's response?

It was hypothetical and he clearly pointed that out. Unlike you with your estimated facts.

 

[Grendel]

It was hypothetical and he clearly pointed that out. Unlike you with your estimated facts.

Oh dear -- you going to the protest Tuesday?

 

[sky blue john]

Oh dear -- you going to the protest Tuesday?

What's there to protest about we are back at the Ricoh ?
Well that's all the majority of fans were bothered about.