SISU get your wallet out you cheap skates (1 Viewer)

[AFCCOVENTRY]

In all of this stupidness from all involved with CCFC...

The option for CCFC has always been there for them to buy the 50% stake by Higgs.

Why have SISU never stumped up the cash for this?

They complain they don't have a stake in the Ricoh
They complain about the rent

Yet in all these years here they have never ever tried to buy the stake from Higgs.

SISU expect the 50% stake to be HANDED TO THEM FOR FREE...

Good luck sisu with that plan

 

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[UNCLE MONTY]

I thought council and higgs trust refuse to sell shares to SISU because they are a hedge fund?

 

[AFCCOVENTRY]

My understanding is the the 50% stake by Higgs is being held as part of McGinity/Robinson regime when they were unable to buy the waste land. Council took 50% to fund the stadium and the other other by Alan Higgs (ex CCFC Director) to hold until CCFC could afford to pay it. There is a time limit when this option could be exercised.

That is what I thought. It has nothing to do with buying the Council stake. I always thought it was the Higgs side that would be on offer. Have the goal posts moved since the Ricoh revenues started to come in?

Telegraph needs to interview Alan Higgs in all of this. :thinking about:

 

[Brighton Sky Blue]

As far as I knew the club had first refusal on the Higgs' stake until 2015-or is that mistaken?

 

[AFCCOVENTRY]

As far as I knew the club had first refusal on the Higgs' stake until 2015-or is that mistaken?

I am not sure what the time limit is but the club has always had this option to buy.

Still to this day you have to wonder why they haven't exercised the Higgs option?

Not sure why it is always about SISU v Council for their stake?

Just buy the Higgs option which is in the contract.

 

[Brighton Sky Blue]

The problem is that if there were just one set price for the stake and all we had to do was transfer x million pounds, we'd have done it by now if the price weren't completely extortionate. The Charity will not simply give up their share in a very profitable enterprise to a company that is run so poorly and has no proper business plan in place to take it forward afterwards-as it is, we look extremely unlikely to fund ourselves beyond the next few months, let alone be in a position to buy the Higgs stake.

 

[SkyBlueUkeman]

2 addresses which SISU are apparently based
1) 4TH FLOOR 1 RED PLACE,
LONDON W1K 6PL
(Source: companycheck.co.uk/company/03413843)

The second one is a tad worring:
2) 11-12 Hanover Street
London, W1S 1YQ

(Yep, that means that it is either based above a Hairdressers or its a false address. And this address comes from Bloomberg http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24225471)

 

[Brighton Sky Blue]

The BBC went to their HQ a few months ago with Late Kick Off-probably best contacting them to find out the real address.