Annoyance is Growing (26 Viewers)

[Grendel]

I will have to educate you just because they could teach you to reed.

Pure comedy gold. Case closed.

 

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[No future with SISU]

He was signed for £750,000. If you dispute that your call - however as he was league 1 player of the year even someone as dumb as you must know he cost something - he left for nothing.

Juke was the other one that we profited on 5 players in total.

AS the fee was undisclosed where did you dream up the £750,000 from and carlisle had a sell on clause we did not offer a good deal to him(bad move by SISU) they were not going to lose much money

 

[Grendel]

AS the fee was undisclosed where did you dream up the £750,000 from and carlisle had a sell on clause we did not offer a good deal to him(bad move by SISU) they were not going to lose much money

Ill find the sauce and reed it too u

 

[fernandopartridge]

I will have to educate you just because they could teach you to reed ,they forgot to tell you should not believe what you read in the papers especially in the sports football pages.

Jesus wept

 

[James Smith]

This point you keep making is ignoring the point made by VOR though isn't it.

No I'm all for a sale of ACL it's just that Joy has herself said that she won't rent at the Ricoh again so that means both ACL and the freehold have to be sold. It's no good just owning the freehold as apparently that generates no income you need to own ACL too. I think that the Higgs would have to get a reasonable amount back to satisfy the charity commission and the council the same from whoever looks at their books. As I posted before

Okay so as OSB58 and me reckon Joy/SISU made a derisory bid of £10m or lower at the ownership meeting earlier in the year. The actual value is probably far more than that just as development land let alone with the ricoh complex on it (I know nothing about land values and am guessing here but working on the £60m Tesco paid). What may be causing problems is that the ricoh is doubtless worth more, with our club as tenants to any potential purchaser. The council won't sell cheaply and would have to factor ACL into the price so would like the club back even if only to boost the value. Joy won't allow the club to come back to the ricoh unless she owns it and she might not want to pay anything like the council want or need to satisfy any rules/regulations. So it appears to be a bit of a difficult situation, with no obvious solution that doesn't disadvantaged the council or mean Joy has to compromise her stated position.

If Joy won't pay a reasonable amount for both then what do we do to force the council to make a sale? There's doubtless regulations in place to stop the sale of council assets at below market value, especially if they aren't costing the council anything to run. Now I admit that I don't know whether ACL is costing the council anything but if you strip out the legal costs that SISU have burdened them and ACL with and factor in the lower interest payments then it isn't impossible that it costs them nothing. Also if ACL don't default on the loan and pay the full term as you've pointed out the council make a minor profit on the loan. As I also posted before there could be an independent valuation done like this....

Does that not depend if the asking price is realistic? I'd much rather independent people value it it get 3 and do the average, can't say much fairer can they?

I agree that a third party or two would be better but why get ones done by the choice of either side? If it was set up by some truly independent person, who picks the firms, who in turn aren't getting paid directly by either party (maybe the money goes into an escrow account first) and no-one knows who has been chosen until the reports are done. Less chance of what shmmeee thinks might happen occurring then.

But I didn't factor in the need to sell ACL at the same time as I hadn't spotted that they'd got the only money making bit, so that would have to be valued too. It's complicated and not just as easy as saying the council should sell them the freehold. Besides which Joy has said Plan A is the new stadium so I'm waiting to see the plans for that.

 

[stupot07]

AS the fee was undisclosed where did you dream up the £750,000 from and carlisle had a sell on clause we did not offer a good deal to him(bad move by SISU) they were not going to lose much money

http://www.birminghampost.co.uk/news/local-news/sky-blues-see-youthful-potential-3959264

http://www.newsandstar.co.uk/carlis...750-000-1.125803?firstComment=0&commentview=1


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

 

[mark82]

I know no bids came in for christy and i also know if any come in at christmas he will be off, would you want to play at sixfields.

Yes they did.

 

[No future with SISU]

Ill find the sauce and reed it too u

So you now try and change your angle by finding spelling mistakes to get away from your mistaken quotes.

 

[Moff]

So you now try and change your angle by finding spelling mistakes to get away from your mistaken quotes.

If you look at Stupots post, and the links to two different newspaper articles clearly stating Westwood was signed for 750k, you will see that Grendel isnt getting away from any mistaken quote, as his quote was correct.

 

[Grendel]

If you look at Stupots post, and the links to two different newspaper articles clearly stating Westwood was signed for 750k, you will see that Grendel isnt getting away from any mistaken quote, as his quote was correct.

I am sure an apology is on its way

 

[mark82]

I am sure an apology is on its way

Don't hold your breath.

 

[Grendel]

If Joy won't pay a reasonable amount for both then what do we do to force the council to make a sale? There's doubtless regulations in place to stop the sale of council assets at below market value, especially if they aren't costing the council anything to run.

Is there? Do you have the statute for that?

 

[mark82]

Is there? Do you have the statute for that?

I would have thought if it was for the benefit of the community they could do what the hell they like.

 

[No future with SISU]

http://www.birminghampost.co.uk/news/local-news/sky-blues-see-youthful-potential-3959264

http://www.newsandstar.co.uk/carlis...750-000-1.125803?firstComment=0&commentview=1

You need to read carefully, it said undisclosed fee BELIVED TO BE £750,000 that highlighted bit is the newspapers makeing up a story and as grendle is not very clever he belived it and now tells ever one it is true and more people spread it around. Just do not belive anything Grendel posts.I am now wasting so much time checking my spelling so he will not be very happy
Sent from my iPhone using Tapatalk - so please excuse and spelling or grammar errors

 

[Grendel]

No future with SISU - the thinking man's CJ Parker

 

[No future with SISU]

If you look at Stupots post, and the links to two different newspaper articles clearly stating Westwood was signed for 750k, you will see that Grendel isnt getting away from any mistaken quote, as his quote was correct.

You need to read carefully as the NEWS&STAR put the headline £750,000 for the idiot to read and then lower down say it is£500,000. Which figure do you belive , my advice is none as you can not belive what is written by the newspapers or Grendel

 

[No future with SISU]

No future with SISU - the thinking man's CJ Parker

Once again caught posting incorrect information and then calling people names trying to make your self look clever.

 

[No future with SISU]

Is there? Do you have the statute for that?

The goverment has a department to check up on council spending or giving things away for nothing.

 

[Grendel]

The goverment has a department to check up on council spending or giving things away for nothing.

Really? What department is that? Who heads it up?

 

[Grendel]

Once again caught posting incorrect information and then calling people names trying to make your self look clever.

It seems all agree with me and none with you.

 

[James Smith]

Really? What department is that? Who heads it up?

At a guess it would either be the Audit Commission, where the statute is called the the Audit Commission Act 1998.

www.audit-commission.gov.uk

Or maybe the Local Government Ombudsman
www.lgo.org.uk/‎

There are also national versions and the Welsh Audit Office were the ones who raised concerns about the way the Liberty Stadium was financed, the accumulated losses (over many years) of the Stadium Management company and about future maintenance funding.
http://www.thisissouthwales.co.uk/C...erty-Stadium/story-12754243-detail/story.html

 

[Astute]

It seems all agree with me and none with you.

Since when has been one person agreeing with you became all people agreeing?

There are several laws and regulations to try and make sure that taxpayers money is safe. It is what the MP's would want............isn't it..........

 

[RPHunt]

It seems all agree with me and none with you.

 

[Moff]

You need to read carefully as the NEWS&STAR put the headline £750,000 for the idiot to read and then lower down say it is£500,000. Which figure do you belive , my advice is none as you can not belive what is written by the newspapers or Grendel

Now I will say this slowly so you understand, in all the various articles I read it said 500k rising to 750k on appearances which I believe Westwood achieved, as he played nearly everygame for us. I believe they put this down the article (it was alo on the BBC website) for the idiot to miss :facepalm:

Now who should I believe several newspapers, the BBC, and other news agancies or you who has the f*cking cheek to imply that people who dont believe you are idiots. Oh the irony from you! :facepalm:

 

[Deleted member 5849]

Given he left for free it's pretty obvious we made a loss on him anyway, unless Carlisle paid us to take him!

 

[bigfatronssba]

I'm not sure what this argument is about. I thought it had been long established on here that transfer activity under sisu was pretty much neutral?

They paid out a fair bit at first, but have since received that back.

 

[stupot07]

You need to read carefully as the NEWS&STAR put the headline £750,000 for the idiot to read and then lower down say it is£500,000. Which figure do you belive , my advice is none as you can not belive what is written by the newspapers or Grendel

The leaked documents proved we paid around £750k for dann from league one Walsall, so why is it beyond the realms of possibility that we paid a similar amount for Westwood?


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

 

[covcity4life]

well said grendal, all the small things are being put in place,if we can own a piec eof the ricoh we could finnaly see a cov team stride forwards.

 

[James Smith]

Is there? Do you have the statute for that?

If there aren't laws in place to prevent abuses, then are very likely to occur. You may remember the Homes for Votes scandal that happened in Westminster which was a serious abuse.
http://en.wikipedia.org/wiki/Homes_for_votes_scandal

 

[Grendel]

If there aren't laws in place to prevent abuses, then are very likely to occur. You may remember the Homes for Votes scandal that happened in Westminster which was a serious abuse.
http://en.wikipedia.org/wiki/Homes_for_votes_scandal

What about when many councils lost millions in the Iceland bank investments? What ramifications did the councils have then?

Are you saying that councils have to have independent valuations for any asset they dispose of? Really? That seems a long winded process? Are you saying a formal im depth valuation process needs to be done? In that case we should be able to look at valuations of every asset every counc has sold? Are you saying if an asset is disposed of for one penny less than the value then this is illegal?

 

[fernandopartridge]

The National Audit Office would be just as interested in the Council borrowing £14m to prop up a company as they would of them disposing of an asset.

 

[GaryPendrysEyes]

Has this thread now turned into the usual suspects trying to get Coventry Council and a Coventry Charity to knowingly gift £m's of tax payers money to a failed unethical Mayfair/Cayman hedgefund?

 

[James Smith]

What about when many councils lost millions in the Iceland bank investments? What ramifications did the councils have then?

They were described as negligently depositing the money in the Icelandic Banks by the Audit Comission, http://www.24dash.com/news/local_go...-millions-in-icelandic-banks-audit-commission I haven't read the report to find out what happened. However it then emerged that the Audit Comission had £10m in an Icelandic Bank http://blogs.ft.com/westminster/2008/10/audit-commission-joins-the-list-of-icelandic-shame/

Are you saying that councils have to have independent valuations for any asset they dispose of? Really? That seems a long winded process? Are you saying a formal im depth valuation process needs to be done? In that case we should be able to look at valuations of every asset every counc has sold? Are you saying if an asset is disposed of for one penny less than the value then this is illegal?

No but they are audited on their books, at the moment by the Audit Comission and would be held to account if they were selling off assets cheaply or wasting money. They are now going to have to get their own auditing done from an audit firm who will have to bid for the contract (as the Audit Comission is closing). Otherwise the council could just sell the freehold to the Trust (or a mate of someone on the council, or Arthur Daley, or Delboy, or Geoffrey Robinson, or anyone) for £1 who could then do with it what they like and maybe sell off for a large profit. Look at the criticism the Government is facing for selling off the royal mail too cheaply.

 

[James Smith]

The National Audit Office would be just as interested in the Council borrowing £14m to prop up a company as they would of them disposing of an asset.

But the NAO wouldn't be involved it would have been the Audit Commission and now they will only be overseeing the companies who will be auditing the local councils. Also don't forget as Grendel told me unless ACL default on the loan and don't pay the money back, it is making the council a "minor profit".

 

[Grendel]

But the NAO wouldn't be involved it would have been the Audit Commission and now they will only be overseeing the companies who will be auditing the local councils. Also don't forget as Grendel told me unless ACL default on the loan and don't pay the money back, it is making the council a "minor profit".

For all we know the flexible friend known as CCC may already have altered payment terms to help ACL, the fact they bought the loan showed the company had cash flow issues - difficult to see his that has imprived