Well don't sell the stadium until SISU had fucked off then. At the time they were telling us thatbrhe stadium ans acl were in fine shape.
The stadium was built for Coventry City. We paid more in rent in ten years than Wasps paid.
And i want the best for ccfc, not wasps, acl or the local authority like you and others seem to want. If that makes me a fool then I'm a fool.
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Coventry City moved to Northampton whilst building a new stadium.
How long do you propose the council waited with an empty stadium until SISU left?
Three Judges agreed with the first Judge, who said SISU were devaluing ACL in order to buy it cheaply.
He also said the original plan suggested by SISU would not have worked as the bank would not have accepted it and ACL would have gone bust. (SISU get it for next to nothing)
ACL half owned by Charity and CCC.
Charging too high rent for third division football.
SISU stop paying rent.
ACL start to head towards going under
Rent negotiations happen and ACL is losing value at the same time.
Rent negotiations and a plan to buy half of ACL happen. As these negotiations are going in the value of ACL is always falling.
Plan to buy half of ACL involves discharging the loan.
The judges state this would not have worked as bank would not have gone for it and ACL would have been bust.
(Charity and CCC get jack for it)
SISU agree rent deal shake on it then change their mind. Meaning negotiations will go on longer and in the meantime the value of ACL keeps falling and it's moving towards going bust.
Council approach bank themselves and give them an offer they can deal with.
CCFC move out and decide to build a new stadium. (Claiming betrayal over moving away from the deal the Judges say would have led to ACL going bust)
Council and charity left with ACL and empty stadium. Eventually without someone in the stadium the business would again go bust.
Lots of different rent offers banded about for CCFC to return. Non taken up.
Final warning given by council leader that if by January nothing has happened CCC will move on as they have to.
CCFC not making any progress in new stadium, so maybe they were waiting for ACL to go bust again?
ACL sold to Wasps
Higgs charity get 2.7 million
Council get 2.7 million
14 million loan taken in by Wasps.
SISU confirm they would never had done the deal Wasps did.
I appreciate there is suggestions of media wars, collusion with CET. Bad blood ect ect.
However whikst there is bad blood, conflict negotiations can't happen. Whilst negotiations can't happen the value of ACL falls as it moves towards going bust.
If negotiations never happened and nobody else came in for ACL and we sat at Northamptin for 5/6years. Who was most likely to gain from that situation.
I appreciate you attended Northampton so for you that scenario might not be as big a deal as it is for many others.
For many of us that meant not been able to watch our football team for 5-6 years whilst seeing no progress on a new stadium.
It's shit it was sold to Wasps but unless your judgement is completely clouded by the fact that CCFC and us fans get shafted. It's completely obvious why the council did it.
As councillors if they didn't they would be negligent to their duties IMO.
As a Cov City fan it is crap.