Wasps in talks to takeover Ricoh (38 Viewers)

[Ian1779]

I always thought that neither CCC or Higgs have ever taken a dividend as they were reinvesting all profits back into the project and therefore the surrounding area and therefore the city of Coventry. The heartless bastards.

What project? How exactly has that benefited the surrounding area and the city of Coventry in general?

 

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[TheParsonsHose]

Don't find it a little bit hypocritical though after all the spouting about clubs should be in their home town representing, franchising is wrong etc. Coventry should be in Coventry etc?

I would if our owner was a credible perspective owner. On the other hand if people want to sell for other financial reasons then they find an owner simples.

Not sure if this is a business investement or a potential franchise relocation myself Nick.

 

[wingy]

From the Lips of Daniel Gidney ,wasn't the Price £24M when the first enquiry was made.

That looks like settlement of the mortgage and £5M each for Higgs and CCC ,both would have taken a loss on that ,Higgs around £1.5M. and CCC £5M.

 

[dadgad]

All things considered:
what would we say the market value of the Ricoh is????
It's not easy to quantify.
There's also the station development and nearby hotel space?

 

[Nick]

I would if our owner was a credible perspective owner. On the other hand if people want to sell for other financial reasons then they find an owner simples.

Not sure if this is a business investement or a potential franchise relocation myself Nick.

So you mean it is fine if other people do it in other words?

If the Wasps play at the Ricoh then it would be a relocation wouldn't it?

 

[Moff]

So where does it sit on your priorities
TF is telling the truth SISU are building a stadium in let's say Hinckley.
Wasps will do fair business with ACL and buy half their share.
A children's charity get their money back which is spent on deprived children.

Not sure you should be telling others to have a hard think about their priorities unless your need for CCFC to be within the Coventry boundary is more than the need of a deprived kid.

Oh do give the holier than thou shit a rest.

Please can you tell me how famed children's charity the Higgs Trust, actually benefit needy children with their purchase of Browns Bar. Do they want to get them all pissed? or is it that they actually do a lot of other stuff than just children's projects!

(* I do like the Higgs Trust, thank them for their investment in the ground which helped the club in a time of need, and hope they get their money back, and good value for money, but feel the need to address the constant sycophantic 'think of the kids' line from Dongo)

 

[Nick]

Not sure why people keep giving it the children's charity line:

http://www.higgscharity.org.uk/what-we-do/

Most of the Charity’s funds are invested on the stock market however where possible the Trustees are keen to invest their funds in Coventry.

99% of charities are good causes so I am not doubting them and that they do help children, but people make out like there are kids starving because of it.

 

[skybluetony176]

Don't find it a little bit hypocritical though after all the spouting about clubs should be in their home town representing, franchising is wrong etc. Coventry should be in Coventry etc?

No more hypocritical than people who paid to go and watch Coventry "home" games in Northampton now start moaning about ACL talking to an out of town club wanting to play its home games in Coventry and then playing the hypocrites card.

Aside from which, I'm surprised that you're commenting on this thread. After all, no one from ACL, Higgs, CCC or Wasps comments on this site do they and that was always your excuse, sorry reason for not criticising SISU on here.

 

[skybluetony176]

What project? How exactly has that benefited the surrounding area and the city of Coventry in general?

Off the top of my head.

The whole sight, not just the arena. You've obviously failed to notice but every time there's an event on at the Ricoh it tends to bring people and their money from outside the area into Coventry. It's also no longer the eye saw of a derelict gas works.

So tell me, how is it not benefiting Coventry?

 

[Otis]

No more hypocritical that people who paid to go and watch Coventry "home" games in Northampton now start moaning about ACL talking to an out of town club wanting to play its home games in Coventry and then playing the hypocrites card.

Aside from which, I'm surprised that you're commenting on this thread. After all, no one from ACL, Higgs, CCC or Wasps comments on this site do they and that was always your excuse, sorry reason for not criticising SISU on here.

He's got a good point. I do find it a bit hypocritical that just about every City fan to a man was opposed to us going to Sixfields, but then some paid to go and watch us there.

Don't wish to bang on about Sixifields though. It's gone, done and dusted and it's time to move on. People are talking 'hypocrcites' here though before anything has even happened, or we have any idea what would be involved in any deal, or even if there is any deal.

Very easy to throw labels around, but let's see if there is an offer and when there is, what it entails and what it impinges upon, if upon anything at all.

 

[Otis]

Off the top of my head.

The whole sight, not just the arena. You've obviously failed to notice but every time there's an event on at the Ricoh it tends to bring people and their money from outside the area into Coventry. It's also no longer the eye saw of a derelict gas works.

So tell me, how is it not benefiting Coventry?

The ricoh does benefit the city of Coventry at times for sure. High profile bands here must bring in people from all over the country and I sure many of those are eating in our restaurants and drinking in our pubs etc.

When there are concerts on it most certainly raises our profile as a city.

 

[skybluetony176]

The ricoh does benefit the city of Coventry at times for sure. High profile bands here must bring in people from all over the country and I sure many of those are eating in our restaurants and drinking in our pubs etc.

When there are concerts on it most certainly raises our profile as a city.

I had 2 cousins from different parts of Northern Ireland come over for the recent games festivals and I've also had other cousins over sleeping on my sofa before because they're over for a music concert. So I know first hand it brings outside and even out of country money to Coventry so to suggest it doesn't benefit the city of Coventry is idiotic. Even Grendulls favourite Psychic Sally has a national following.

 

[chiefdave]

Obviously the first thing that needs to happen is we need to establish if there's any truth in this. It's one thing to have 65 pages on a forum on the basis of a rumour but before protests and the like start up it really needs to be verified what the situation actually is.

My initial thought was this was a rumour leaked out of ACL as a way to respond to Fishers 'we can't buy the Ricoh' without getting involved in issuing statements. The statement from Wasps is odd though, you would have thought if there was nothing to it there would be an outright denial.

For me the priority would be:
1) how does it affect the club, as a CCFC supporter that is my priority over what is happening to anyone else. in the event of any sale would there be a provision for the club to stay on acceptable terms.
2) what do Wasps fans think of it. If they are against it, and I would assume they would be, then I would support any action they took to campaign against it. Equally what do Cov RFC think of it, I have zero interest in Rugby but if it's going to damage a hometown team again I would be happy to join any protest.

A good plan would be for SISU to call CCC / ACLs bluff and either make a formal bid or match any bid that is made by Wasps. As much as Fisher says they are being blocked from buying the ground, or at least the leasehold, as far as I'm aware they still haven't ever tabled an offer.

 

[Rusty Trombone]

Not sure why people keep giving it the children's charity line:

http://www.higgscharity.org.uk/what-we-do/



99% of charities are good causes so I am not doubting them and that they do help children, but people make out like there are kids starving because of it.

The bit you have highlighted is where they invest, this generates the money to further their charitable giving in Coventry.

 

[Limey]

One of the most unsettling things was when we came back to the Ricoh. All positivity and smiling faces to be had and a great feeling of relief, but one of the first things said upon our return was the intention to state once again that the club will be building a new stadium.

Really took the wind right out of our sails, that.

Agreed. Fisher (or maybe rather SISU) was not big enough to simply say 'we are looking at everything with fresh eyes'. They now have the chance to do the right thing....

 

[Jack Griffin]

Don't find it a little bit hypocritical though after all the spouting about clubs should be in their home town representing, franchising is wrong etc. Coventry should be in Coventry etc?

Yes of course, then why don't SISU make make a serious offer to buy the Arena?

 

[Jack Griffin]

99% of charities are good causes so I am not doubting them and that they do help children, but people make out like there are kids starving because of it.

I seriously doubt anyone said that?

I once thought their main activity was to help underprivileged children in the (fabled) Coventry Area, but they have much wider remit, however it is probably more down to lack of research that people bring up the children's charity angle than anything else, I hope you can accept that.

 

[Nick]

I seriously doubt anyone said that?

I once thought their main activity was to help underprivileged children in the (fabled) Coventry Area, but they have much wider remit, however it is probably more down to lack of research that people bring up the children's charity angle than anything else, I hope you can accept that.

I am not saying they don't help children, I said "make out" which is what people do when they wheel out the "deprived children" line.

 

[Nick]

Apparently Cov Rugby Club have said on the PA system that the Council have said they will have a say in the Wasps situation but not heard anything else.

 

[chiefdave]

Apparently Cov Rugby Club have said on the PA system that the Council have said they will have a say in the Wasps situation but not heard anything else.

Statements like that and Wasps not saying anything to rule it out makes it seem like there is something to this.

How does the rugby equivalent of the FA work? Would they just let Wasps move anywhere they feel like or are there procedures around a move? If there are do they enforce them or are they as useful as the FA and FL?

 

[Jack Griffin]

I am not saying they don't help children, I said "make out" which is what people do when they wheel out the "deprived children" line.

Well in future don't make statements to 'make out' that people are saying what they are not. #hypocrite

 

[Nick]

Well in future don't make statements to 'make out' that people are saying what they are not. #hypocrite

People are making out like it is / giving the impression it is harming children or making them go without, hence the deprived line

 

[skybluetony176]

People are making out like it is / giving the impression it is harming children or making them go without, hence the deprived line

So SISU distressing one of the Higgs Assets and forcing them to Crown Court which I can only imagine increases your legal bill is giving to a charity that helps children?

And even if they were a charity that didn't help children would that make SISU's actions OK? No, I didn't think so. So your petty little argument about who Higgs does or doesn't help really is just that. Petty. A normal person would just let it go, not point score of someones misunderstanding of what type of charity Higgs are.

 

[Jack Griffin]

People are making out like it is / giving the impression it is harming children or making them go without, hence the deprived line

You often 'make out' stuff yourself which gives the impression you are saying something else, then respond to people who comment about the impression you've given by saying 'I didn't say that".

You are a hypocrite to attack other people who have only done similar to yourself.

 

[RedSalmon]

So SISU distressing one of the Higgs Assets and forcing them to Crown Court which I can only imagine increases your legal bill is giving to a charity that helps children?

And even if they were a charity that didn't help children would that make SISU's actions OK? No, I didn't think so. So your petty little argument about who Higgs does or doesn't help really is just that. Petty. A normal person would just let it go, not point score of someones misunderstanding of what type of charity Higgs are.

Well said!!

 

[stupot07]

So SISU distressing one of the Higgs Assets and forcing them to Crown Court which I can only imagine increases your legal bill is giving to a charity that helps children?

And even if they were a charity that didn't help children would that make SISU's actions OK? No, I didn't think so. So your petty little argument about who Higgs does or doesn't help really is just that. Petty. A normal person would just let it go, not point score of someones misunderstanding of what type of charity Higgs are.

Thought that sisu were being made to pick up the legal tab

Plus the Higgs charity will put aside a set amount per annum to be used for charitable causes, it's unlikely they would have lowered that because of the court case, they'd more likely used reserves.

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

 

[Otis]

I never used to like rugby, but now that I know Wasps are coming I've just had a conversion.

 

[torchomatic]

At the end of the day though fellas as long as ACL do alright out of it I don't really mind.

 

[Grendel]

At the end of the day though fellas as long as ACL do alright out of it I don't really mind.

It's all that matters - long live ACL.

 

[Ashdown]

Just got back home from the BPA, a cracking win for Coventry. They did make an announcement pre game over the tannoy explaining the clubs position on the speculation and that they are talking to the council about the approach. In short, they have no problem with big European ties where extra capacity and facilities are required but will quite rightly oppose anything permanent.

 

[Deleted member 5849]

Just got back home from the BPA, a cracking win for Coventry. They did make an announcement pre game over the tannoy explaining the clubs position on the speculation and that they are talking to the council about the approach. In short, they have no problem with big European ties where extra capacity and facilities are required but will quite rightly oppose anything permanent.

Still seems a little odd tbh, to have a team pop in to a random city for a European game... especially as they come from a city hardly short of grounds!

 

[covmark]

At the end of the day though fellas as long as ACL do alright out of it I don't really mind.

Yep, they are by far my favourite stadium management company.

 

[stupot07]

Still seems a little odd tbh, to have a team pop in to a random city for a European game... especially as they come from a city hardly short of grounds!

Exactly, there's a lot of stadiums in and around London and between London and us.


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

 

[Otis]

Just got back home from the BPA, a cracking win for Coventry. They did make an announcement pre game over the tannoy explaining the clubs position on the speculation and that they are talking to the council about the approach. In short, they have no problem with big European ties where extra capacity and facilities are required but will quite rightly oppose anything permanent.

Nice to hear.

Let's hope then if it is to go ahead that it is indeed just for games that won't affect Cov rugby.

 

[Deleted member 5849]

Exactly, there's a lot of stadiums in and around London and between London and us.

It's also takeover by increments. Could be a mistake not to oppose it, as once there's a foothold...