higgs half still for sale (14 Viewers)

letsallsingtogether · Oct 7, 2014

Did I hear right on CWR and todays deal is just the council half?

covmark · Oct 7, 2014

I thought the council were acquiring Higgs share to stop the football club being able to get it?

Nick · Oct 7, 2014

Just read that somebody has said this also.

CWR did say "Playing at the Wasps owned stadium"

Bit confusing isn;t it?

spider_ricoh · Oct 7, 2014

CT says its 100 percent of ACL

Nick · Oct 7, 2014

spider_ricoh said:
CT says its 100 percent of ACL

That is what I thought.

James Smith · Oct 7, 2014

Not sure what that means if it's true.

spwaverley4916 · Oct 7, 2014

BBC Cov and War - said it was 50% of ACL - previously owned by CCC. suppose we will have to wait until actual details are published.

letsallsingtogether · Oct 7, 2014

Mentioned again ccc share in the Ricoh

duffer · Oct 7, 2014

I don't think the chap on CWR is particularly well clued up on this - I'd go with the CET line, it's 100% and CCC will buy and sell the Higgs share to Wasps back-to-back.

SlowerThanPlatt · Oct 7, 2014

CoventryCityCouncilVerified account ‏@coventrycc

Council agrees deal to sell share of ACL http://socsi.in/C2RhO

bigfatronssba · Oct 7, 2014

duffer said:
I don't think the chap on CWR is particularly well clued up on this - I'd go with the CET line, it's 100% and CCC will buy and sell the Higgs share to Wasps back-to-back.

So if that's the case , Higgs haven't actually sold anything yet then.

Nothing to stop Sisu gazumping CCC.

Nick · Oct 7, 2014

I guess that makes sense, how could the Council vote on the Higgs to sell their share?

bigfatronssba · Oct 7, 2014

Nick said:
I guess that makes sense, how could the Council vote on the Higgs to sell their share?

I suspect included in the vote was the intention to approach Higgs to buy their share. As you say the Council cant force Higgs to sell.

Nick · Oct 7, 2014

bigfatronssba said:
I suspect included in the vote was the intention to approach Higgs to buy their share. As you say the Council cant force Higgs to sell.

Imagine if the Higgs now veto it?

stupot07 · Oct 7, 2014

bigfatronssba said:
I suspect included in the vote was the intention to approach Higgs to buy their share. As you say the Council cant force Higgs to sell.

And the council can veto Higgs. I imaging the deal would be done at the same time.

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

James Smith · Oct 7, 2014

Nick said:
Imagine if the Higgs now veto it?

We've not heard from them yet have we?

Como · Oct 7, 2014

There was an initial suggestion that Higgs half would be bought by CCC and then sold on, now being sold direct.

chiefdave · Oct 7, 2014

Como said:
There was an initial suggestion that Higgs half would be bought by CCC and then sold on, now being sold direct.

That's what I thought was happened. Can't remember where that came from though but if that hasn't happened its a fairly fundamental change to what we thought was happening.

James Smith · Oct 7, 2014

chiefdave said:
That's what I thought was happened. Can't remember where that came from though but if that hasn't happened its a fairly fundamental change to what we thought was happening.

Council can't force the Higgs to sell though can they?

xcraigx · Oct 7, 2014

If it was only a half share I'm acl then wouldn't Wasps have tried to buy the higgs half for a lot less than 20 mill?

Grendel · Oct 7, 2014

James Smith said:
Council can't force the Higgs to sell though can they?

It seems the council have them their money back - I imagine a lot of negotiating went on to achieve that.

slowdave · Oct 7, 2014

Ann Lucas on SSN has just confirmed that Wasps have bought 50% of the Ricoh. She stated that Higgs owned the other 50% and they have to offer first dibs to CCFC if they sell their shares.

ccfc92 · Oct 7, 2014

slowdave said:
Ann Lucas on SSN has just confirmed that Wasps have bought 50% of the Ricoh. She stated that Higgs owned the other 50% and they have to offer first dibs to CCFC if they sell their shares.

Interesting :thinking about:

James Smith · Oct 7, 2014

slowdave said:
Ann Lucas on SSN has just confirmed that Wasps have bought 50% of the Ricoh. She stated that Higgs owned the other 50% and they have to offer first dibs to CCFC if they sell their shares.

So we could potentially buy the Higgs out and have a set up like Swansea where the rugby and football clubs own the stadium management company. Except Sisu don't want to do that.

James Smith · Oct 7, 2014

Grendel said:
It seems the council have them their money back - I imagine a lot of negotiating went on to achieve that.

That doesn't mean that they have to sell to Wasps though does it?

rupert_bear · Oct 7, 2014

Could CCFC a viable club to buy. I expect someone to make a move and make sisu an offer they can't refuse and then snap up the Higgs shares

slowdave · Oct 7, 2014

rupert_bear said:
It makes CCFC a viable club to buy. I expect someone to make a move and make sisu an offer they can't refuse and then snap up the Higgs shares

That's what I'd hope - It's now easier/simpler for any interested parties to calculate a value for CCFC

Grendel · Oct 7, 2014

slowdave said:
Ann Lucas on SSN has just confirmed that Wasps have bought 50% of the Ricoh. She stated that Higgs owned the other 50% and they have to offer first dibs to CCFC if they sell their shares.

Every news report contradicts you I'm afraid.

chiefdave · Oct 7, 2014

James Smith said:
So we could potentially buy the Higgs out and have a set up like Swansea where the rugby and football clubs own the stadium management company. Except Sisu don't want to do that.

If true that would be the sensible thing to do. Then an agreement so we get all football revenues, they get all rugby revenue and everything else is split.

slowdave · Oct 7, 2014

Grendel said:
Every news report contradicts you I'm afraid.

I watched her say it on SSN and then rewound it and watched it again. I was expecting her to say "first dibs" were for Wasps, but she said that honour was for CCFC

Grendel · Oct 7, 2014

slowdave said:
I watched her say it on SSN and then rewound it and watched it again. I was expecting her to say "first dibs" were for Wasps, but she said that honour was for CCFC

Midlands today said the council bought them out and fisher said the same tonight on Cwr. No one would buy half share and full loan liability.

Jack Griffin · Oct 7, 2014

slowdave said:
Ann Lucas on SSN has just confirmed that Wasps have bought 50% of the Ricoh. She stated that Higgs owned the other 50% and they have to offer first dibs to CCFC if they sell their shares.

This means SISU will have to confirm they will not buy into the Stadium, or put the money up.

Grendel said:
Midlands today said the council bought them out and fisher said the same tonight on Cwr. No one would buy half share and full loan liability.

Oh, already confirmed!

slowdave · Oct 7, 2014

Grendel said:
Midlands today said the council bought them out and fisher said the same tonight on Cwr. No one would buy half share and full loan liability.

Ann Lucas on SSN / Midlands today / Fisher on cwr - who do I believe?

Grendel · Oct 7, 2014

slowdave said:
Ann Lucas on SSN / Midlands today / Fisher on cwr - who do I believe?

I repeat every newsfeed says its 100%

rupert_bear · Oct 7, 2014

Grendel said:
I repeat every newsfeed says its 100%

It is...100% of ACL I believe.

higgs half still for sale (14 Viewers)

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