Cwr this morning (6 Viewers)

[Nick]

Councillor Duggins, whose Longford ward includes the Ricoh Arena, said in response to our e-mail: “I don't accept the commitment was timeless.” Mr Duggins needs to prove it – the evidence does not back his claim.

We would also welcome an explanation why the Council is desperately seeking a meeting with the management of Aldi over the closure of a supermarket in Bell Green, also within Councillor Duggins’ ward, but refuses to meet with us over the future of the club?

Will be interesting to see Duggins reply, maybe the Trust can pressure him?

The Council cannot just come out and just say ‘Blame Sisu’ when there are questions for them to answer. There are questions for all sides to answer, including our Owners, and the Council cannot wash their hands of their responsibility to taxpayers and to the public they claim to represent.

Bang on!

 

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[HuckerbyDublinWhelan]

Something tells me that this isn’t going to help our case when getting a new rental deal...

 

[Forever_Blue]

But the litigation was ongoing when these statements were made?

Surely this latest court litigation came after the Ricoh was sold to Wasps?

Eastwood stated that certain agreements were made such as Coventry City being allowed to play at te Ricoh as long as everyone behaved themselves.

 

[djr8369]

Will be interesting to see Duggins reply, maybe the Trust can pressure him?



Bang on!

Great points but at this point in time reeks of desperation. Can only read into this that there’s no sign of a deal and the club have ran out of options.


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[HuckerbyDublinWhelan]

Surely this latest court litigation came after the Ricoh was sold to Wasps?

Eastwood stated that certain agreements were made such as Coventry City being allowed to play at te Ricoh as long as everyone behaved themselves.

Thing is, the statement was there in black and white. He said “as long as they want” please find where he says as long as everyone behaved themselves

 

[SkyBlueZack]

It’s not desperation at all. It’s what lots of us have been saying and asking the trust to say.

 

[HuckerbyDublinWhelan]

It’s not desperation at all. It’s what lots of us have been saying and asking the trust to say.

Be interesting to hear the trusts statement now.

Do they support the questions by the club? Or do they support the council

 

[Nick]

Be interesting to hear the trusts statement now.

Do they support the questions by the club? Or do they support the council

My money is on the latter or just silence.

 

[Forever_Blue]

Thing is, the statement was there in black and white. He said “as long as they want” please find where he says as long as everyone behaved themselves

He said it this morning, Interview with Gilbert. Twice he said the court case over seeds all agreements.

 

[HuckerbyDublinWhelan]

He said it this morning, Interview with Gilbert. Twice he said the court case over seeds all agreements.

The point I’m making is - he didn’t say “it supercedes all agreements” last February when he made his statement, the current JR was ongoing then if I recall

On top of that, as The report said, their must be a condition to let CCFC playing their home games st the Ricoh. Doesn’t say unless there are ongoing legals

 

[Nick]

He said it this morning, Interview with Gilbert. Twice he said the court case over seeds all agreements.

Which is why CCFC are now calling him out on it.

 

[Liquid Gold]

He said it this morning, Interview with Gilbert. Twice he said the court case over seeds all agreements.

So he's lying then

 

[SBAndy]

Eastwood was asked about this and he stated that the ongoing court litigation super seeds any agreement that was made.

And he doesn’t work for the council. Cheers Nicky.

 

[fernandopartridge]

Simon asked if there was anything they were willing to do to prevent that disaster. He said to Mr Eastwood that they have a key position here in preventing it.

He said: “I don’t think we are able to do that I think if we were to try and do something - as you say - from our side of the fence, that might lead me in my position to expose the Wasps group to significant potential risks.

“It’s not a question of wanting to do it I think it is a question of being able to do it. I think I would be failing in my statutory duty.”

08:36

The significant potential risks? That doesn't align to statements made in the Wasps Holdings accounts about the level of risk associated with JR2, not more bullshit in the accounts surely?

 

[SBAndy]

Will be interesting to see Duggins reply, maybe the Trust can pressure him?



Bang on!

SISU apologist.

 

[fernandopartridge]

I dunno guys, I’m starting to think CWR isn’t the home of hard hitting journalism we thought it was.

Trish is taking over from John Humphries on the Today Show when he retires

 

[fernandopartridge]

can't be that simple. From memory the leasehold is the guarantee for the bond so 50% couldn't be easily bought for 2.77m. Also there's a revaluation of the lease agreement after Wasps bought out the Higgs/CCC shares. If i was a bond holder I'd be looking at legal action if the 50% was anything less than the value of the bond debt.
SISU slightly screwed by their insistence was undervalued in the first place.
Lost track of the company structures re: bond, stadium contract etc.

Yeah, there is a term that relates to the value of the lease, it's why the stadium was magically valued at £60m, it's something like 1.8 x the value of the bonds

 

[Bertola]

My money is on the latter or just silence.

They'll all be busy no doubt.

I mentioned it a few weeks ago, but the Trust act similarly to everything they criticise Sisu for

 

[Nick]

They'll all be busy no doubt.

I mentioned it a few weeks ago, but the Trust act similarly to everything they criticise Sisu for

That sums it up perfectly.

 

[Captain Dart]

Club have just put this up

NEWS: CCFC demands answers from Coventry City Council over unconditional promises made regarding "security and future" of Club in 2014

This seems like things are really getting desperate.


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Didn't I say the other day, JR3 is being prepped.

 

[Otis]

Eastwood was asked about this and he stated that the ongoing court litigation super seeds any agreement that was made.

Super seeds?

Not sure how they are going to help that much in the grand scheme of things to be honest.

 

[Deleted member 5849]

Didn't I say the other day, JR3 is being prepped.

The conspiracy theorist would suggest we're being manipulated into this position for just that reason...

 

[robbiethemole]

Even I've been on CWR, that's how low they go

and me, Bob Brolly's Saturday show several years ago, won a box set of soul cd's. In the days when footy was the only worry.

 

[Nick]

The conspiracy theorist would suggest we're being manipulated into this position for just that reason...

You mean SISU aren't just going to hand everything to Hoffman who has a pre-agreed deal with Wasps?

 

[CCFCSteve]

It could never be totally "unconditional". What happens if CCFC (SISU) said they would only be willing to pay £1 in rent....that is obviously undeliverable from a landlords perspective. I'm sure the intention was to ensure we had a home at the Ricoh, however, this has now become a commercial/legal argument. The Council must have known these risks when they sold to Wasps, the only way to have avoided it was for CCFC to sign a new longer term lease at the same time of the sale (I'm not sure if this was discussed or not....or whether we were on the verge of buying a site to build out own ground at the time !). I hate what Wasps are doing to/threatening to do to our football club, however, if I am being totally honest, if I was them I'd be doing exactly the same.

 

[SkyBlueZack]

It could never be totally "unconditional". What happens if CCFC (SISU) said they would only be willing to pay £1 in rent....that is obviously undeliverable from a landlords perspective. I'm sure the intention was to ensure we had a home at the Ricoh, however, this has now become a commercial/legal argument. The Council must have known these risks when they sold to Wasps, the only way to have avoided it was for CCFC to sign a new longer term lease at the same time of the sale (I'm not sure if this was discussed or not....or whether we were on the verge of buying a site to build out own ground at the time !). I hate what Wasps are doing to/threatening to do to our football club, however, if I am being totally honest, if I was them I'd be doing exactly the same.

If you was them, you would make the football club homeless who have been here since 1883. Who the stadium was built for that you own? I don’t want Sisu here, but I want CCFC to play in Coventry. One year rolling deal at say 125k per year. Is that not commercially fair?

 

[Sky Blue Pete]

It could never be totally "unconditional". What happens if CCFC (SISU) said they would only be willing to pay £1 in rent....that is obviously undeliverable from a landlords perspective. I'm sure the intention was to ensure we had a home at the Ricoh, however, this has now become a commercial/legal argument. The Council must have known these risks when they sold to Wasps, the only way to have avoided it was for CCFC to sign a new longer term lease at the same time of the sale (I'm not sure if this was discussed or not....or whether we were on the verge of buying a site to build out own ground at the time !). I hate what Wasps are doing to/threatening to do to our football club, however, if I am being totally honest, if I was them I'd be doing exactly the same.

Commercial agreement is the language

 

[Deleted member 5849]

If you was them, you would make the football club homeless who have been here since 1883. Who the stadium was built for that you own?

If I were Wasps, I would. Get rid of the competition!

The only thing stopping them is the bad publicity that could affect them more. That's what we have to play on really - win the battle for hearts and minds, rather than the who said what, and what are the financial arrangements.

 

[CCFCSteve]

If you was them, you would make the football club homeless who have been here since 1883. Who the stadium was built for that you own? I don’t want Sisu here, but I want CCFC to play in Coventry. One year rolling deal at say 125k per year. Is that not commercially fair?

I didn't say I like it, but Wasps have no affinity to the football club and want something in exchange in order to agree a new lease. Its their right to ask and I'm sure they are aware of the risks of taking this stance (negative publicity etc), as did SISU when they kept up the charade of "building our own ground" which partially led to the sale in the first place. These hedge funds don't give a toss about the collateral damage.

I was hoping that one of two things would've happened....Wasps would be having their own financial difficulties by now (I guess Sisu hoped this too as it may have encouraged Wasps to do a deal and/or wider deal with the football club regarding the stadium) however, with that rubgy premiership deal in the offing, this now looks extremely unlikely and has strengthened Wasps hand. Or the Supreme Court announce they aren't going to hear the appeal, in which case it would make everyone's minds up for them. I know the later means SISU wont get their hands on the ground but I don't think that is realistically ever going to happen via the court system.

ps will Wasps see their threat through, it remains to be seen but its part of a negotiation.

 

[Nick]

Amongst all that the Telegraph have started a "campaign" with their branding all over it as they must have felt a bit left out.

Hopefully it will be like the last one where they claim to have saved the world because of it.

 

[chiefdave]

Reid has followed up and asked Wasps about the significant risks mentioned on the radio. Got the usual copy and paste answer that was nothing to do with the question. Pressed for an answer to the actual question and they are refusing to comment.

 

[Nick]

Reid has followed up and asked Wasps about the significant risks mentioned on the radio. Got the usual copy and paste answer that was nothing to do with the question. Pressed for an answer to the actual question and they are refusing to comment.

Which is why the Trust should be following it up on all sides also.

It's almost as if it's obvious they don't like a bit of pressure on them like they had asking questions.

 

[DazzleTommyDazzle]

The conspiracy theorist would suggest we're being manipulated into this position for just that reason...

I normally go for the cock-up theory of life, rather than the conspiracy version - but this has been my worry for some time.

 

[Nick]

I normally go for the cock-up theory of life, rather than the conspiracy version - but this has been my worry for some time.

My worry is how many seem to play into it too.

 

[shmmeee]

If you was them, you would make the football club homeless who have been here since 1883. Who the stadium was built for that you own? I don’t want Sisu here, but I want CCFC to play in Coventry. One year rolling deal at say 125k per year. Is that not commercially fair?

If I was them I wouldn’t feel more responsible for the club than it’s owners.

Reals before feels