Higgs vs CCFC Court Row (62 Viewers)

[oldskyblue58]

Is Harris an advisor for the Higgs?

He is a Trustee of the Charity Nick

 

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[Sub]

Simon Gilbert‏@TheSimonGilbert44 secsMs Deering confirms Sisu thought charity's share was worth nothing.

 

[Nick]

Are they the same as advisors? (genuine question)

If yes, then it is a massive contradiction.

 

[chiefdave]

How odd that after days of people being questioned being generally reported to be open and honest when we get to SISU we start seeing things like 'Higgs barrister is having to work hard to get some of the answers he is seeking'.

 

[Sub]

Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity

 

[Kingokings204]

They probably thought 5.5m is a steal but lets see where we can push them and offer 2m and meet somewhere like 3.5/4m saving another slice again. They should of realised 5.5m was the best deal ever and should of taken it and now because higgs told them to do one they have missed their chance and getting sore about it and want the 5.5m deal again.

All finally comes out in the end. They are horrible cretinous wankers. Its like buying a car and getting the deal you want and is a low price and then seeing if the dealer will take another 300 quid off and he says you know what forget it and then you go ok lets do the original but he would either say ok or be pissed off and tell you to do one. The latter is whats happened here and a lack of trust and animosity has developed. Rightly so

All solved peeps

 

[covcity4life]

Finally the truth people..... Sisu backed down from the agree 5.5m which is a steal anyway and offered 2m hence it fell apart.

Case solved. They are wankers. Deserve everything they get now.

There was no deal though only HOT's ....... hadn't done the due diligence so there couldn't be a final price could there?

 

[Sub]

Simon Gilbert‏@TheSimonGilbert53 secsJustice Leggatt intervenes 'but you're not a charity are you'. Deering says she doesn't know details of discussion between Harris & Seppala

 

[AJB1983]

question - if they only continued funding the club because they wanted the Charity share why are they still "funding it"?

Isn't Ms Deering an employee? In which case what authority for decision making does she have? What authority does she have for issuing funding or negotiating? - no t having a go would just like to know because I understood JS made all the major decisions

It's my understanding that in certain meetings between the parties, whoever was in there from CCFC/sisu were taking direct instructions from JS (Skype/text maybe?)
Which is rich when you imagine fisher kept bemoaning how Paul Harris etc didn't have authority to discuss freehold sale in meetings to discuss rent, which he did have authority to talk about.

 

[oldskyblue58]

Simon Gilbert‏@TheSimonGilbert44 secsMs Deering confirms Sisu thought charity's share was worth nothing.

So why look to purchase it at all..... let alone pay reported sume of 2m, 5.5m etc etc

Wonder what they think it is worth now?

 

[chiefdave]

Ms Deering confirms Sisu thought charity's share was worth nothing.

We've gone from the formula price to £5.5m to £2m to nothing!

 

[fernandopartridge]

Yesterday or the day before it was stated that one of the parties, perhaps Higgs, valued ACL as a whole at around £6m. It's on this thread somewhere.

 

[chiefdave]

Deering says she doesn't know details of discussion between Harris & Seppala

Better get Joy up on the stand then so she can be questioned.

 

[oldskyblue58]

Are they the same as advisors? (genuine question)

If yes, then it is a massive contradiction.

no Nick they are like the directors of a company. Trustees are the Charity equivalent

 

[fernandopartridge]

They probably thought 5.5m is a steal but lets see where we can push them and offer 2m and meet somewhere like 3.5/4m saving another slice again. They should of realised 5.5m was the best deal ever and should of taken it and now because higgs told them to do one they have missed their chance and getting sore about it and want the 5.5m deal again.

All finally comes out in the end. They are horrible cretinous wankers. Its like buying a car and getting the deal you want and is a low price and then seeing if the dealer will take another 300 quid off and he says you know what forget it and then you go ok lets do the original but he would either say ok or be pissed off and tell you to do one. The latter is whats happened here and a lack of trust and animosity has developed. Rightly so

All solved peeps

Or it's called commercial negotiations, Higgs were or are under no obligation to sell at either price, albeit were then put under pressure due to the rent strike.

 

[Sub]

Simon Gilbert‏@TheSimonGilbert19sIt seems it may have been useful if Ms Seppala was here to answer some of these questions.

 

[oldskyblue58]

Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity

sorry but ....... :laugh::laugh::laugh::laugh:

 

[Kingokings204]

Or it's called commercial negotiations, Higgs were or are under no obligation to sell at either price, albeit were then put under pressure due to the rent strike.

True but it seems to me like sisu were taking the piss and kept pushing it to the point where higgs goes sod off and now they are regretting it or so it seems to me.

 

[Noggin]

Sorry your Honor but she wouldn't have been much use, she struggles with her recollection when entering a court room, especially with the difficult questions.

 

[fernandopartridge]

sorry but ....... :laugh::laugh::laugh::laugh:

Some collection tin that is? How big would a collection tin need to be to fit 5.5m pound coins in? or 2.75 million £2 coins? Anybody?

 

[Kingokings204]

Simon Gilbert‏@TheSimonGilbert19sIt seems it may have been useful if Ms Seppala was here to answer some of these questions.

I don't think the judge I familiar with JS. No one has ever seen her mate.

 

[Nick]

no Nick they are like the directors of a company. Trustees are the Charity equivalent

Ah ok, so they may have had external advisors (which is who SISU said they weren't allowed to meet)?

 

[chiefdave]

Who decides who is and isn't in court? Does the judge or Higgs have any power to get Sepalla to turn up?

 

[ccfcway]

Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity

We will give them £5.5 million as they a charity, but wont pay them £29k ?

:thinking about:

 

[dongonzalos]

Simon Gilbert‏@TheSimonGilbert9sMiss Deering says offer for charity's share was considerably less than agreed in original discussions due to 'increased risk' to Sisu.

Ah this maybe what I am thinking.

If Higgs valued their shares at a certain value.

If SISU looked at the books than offered considerably lower (whilst not paying rent)

If Higgs are not going to accept what they consider to be an under value. Then are the council not right in their belief that SISU may pull the funding?

 

[dongonzalos]

Simon Gilbert‏@TheSimonGilbert31sMr Harris previously claimed original deal was £5.5m for charity's share. New deal around £2million.

That's the one

 

[ccfcway]

Have Deering and Seppella ever been in the same room

 

[dongonzalos]

Simon Gilbert‏@TheSimonGilbert44 secsMs Deering confirms Sisu thought charity's share was worth nothing.

That's what TF said

 

[Hobo]

Simon Gilbert‏@TheSimonGilbert19sIt seems it may have been useful if Ms Seppala was here to answer some of these questions.

Or convenient not to. If she holds the answers she is the obvious witness for SISU to call. Unless the truth would not be favourable or she wouldn't pass the credibility test?

 

[Sub]

Simon Gilbert‏@TheSimonGilbert18sDeering believes the original transaction fell apart after the exclusivity period. Could be a key point.

 

[ccfcway]

Irony is they could prob have filled the ricoh if this was staged there.

 

[dongonzalos]

Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity

Woah !!!!!

a 2 million donation to charity!!!!!!!!!
What did the investors whose money it is think about that?????
Has someone hacked Simon Gilbert's Twitter account?????

Please tell me the QC for Higgs has just moved into 5th gear from that one

 

[James Smith]

Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity

Is this for real!?! Hedge fund offers £5.5m for something they said was worth nothing? We've got a few days worth of rubbish out the back here that they can make us an offer for in that case.

 

[Godiva]

Simon Gilbert‏@TheSimonGilbert18sDeering believes the original transaction fell apart after the exclusivity period. Could be a key point.

That just cost them £29K

 

[ccfcway]

Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity

simple soultion to all of this then. Register the Ricoh arena as a charity and then SISU migth pay the rent