Otis
Well-Known Member
Just saying a new stadium isn't going to have all that.
We move and it will be from a first class arena to a tinpot stadium, probably in the middle of Nowheresville.
WASPS press conference from the Ricoh at 10am (5 Viewers)
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Just saying a new stadium isn't going to have all that.
We move and it will be from a first class arena to a tinpot stadium, probably in the middle of Nowheresville.
I am not angling any good for sisu. But I do try to advocate that the other parties CCC/ACL/Higgs are not squeaky clean either.
ACL refused any rental discount up till the point of the 'road-map'.
CCC bought the mortgage (at too high a price) in a secret deal (till it was done) fully knowing it would lay any deal with ccfc dead.
Now it seems CCC negotiated the Wasp deal in parallel with the negotiations with the club.
The club is left without any hope of ever owning ACL and will probably be forced to build a new stadium.
Not simply because of what CCC have done, or simply because of what ACL have done, or what sisu have done ... they all contributed and are all to blame!
Otis
Well-Known Member
Agreed. Sisu now enter into discussion for this to be a joint ownership enterprise.
italiahorse
Well-Known Member
Surely it's a business decision ?
A good rental deal is better than financing a new stadium, surely ?
Moff
Well-Known Member
I dont think it was dismissed out of hand Dave, its just people looked at it logically and ruled out local teams such as the Warriors, Saints or the Tigers moving here as they all have their own stadia already.
I guess people just didn't think about a club being uprooted so far, and thus becoming a franchise team, as this is what we were all so angry about in the first place with our ill fated move to Northampton.
I guess in all the Council pleadings for the Club to come home, it didn't seem likely they would be taking the opposite stance with another team and encouraging them to leave their home and fans.
It won't happen Otis ...........It is and has always been SISU clap trap and lies !
Evo1883
Well-Known Member
coventry city being dictated to by a london team in coventry , now thats funny .im completely fed up tbh , i dont know where we go from here , as our current deal will only ever really allow us to just "get by" , so basically league 1 , 2 or a flukey promotion to the championship it is then ....cant wait
True, but their owners must have been involved.
I think we all agree with your first line but no, the club won't build anything, it's bullshit and lies that they will continue to spin until after their final court appearance fails !
SkyBlue_Bear83
Well-Known Member
How good can a rental deal be though, it hasn't worked over the last 10 years has it?
I'd imagine we've got a pretty good/fair deal at the moment and Fisher said that the current deal is only viable in league 1.
covcity4life
Well-Known Member
11th hour bid for acl 50%?
do it sisu if we are offered the chance.
do it sisu if we are offered the chance.
Mary_Mungo_Midge
Well-Known Member
As I have said before Haskell is just a poor mans Tom Wood.
(this is a joke, as Haskell is a friend of MMM and I like to rib him about it, and Tom Wood is Cov lad who is vice captain of Northampton Saints and England and is clearly a better player than that lump Haskell)
Consider him informed!! :welcome:
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LOL - took me 5 seconds to get it.
Moff
Well-Known Member
I always thought Fisher's surname wasn't actually Fisher and it was actually a double barreled one, F*cking Twat, as that's what everyone called him
SkyBlue_Bear83
Well-Known Member
Apparently Coventry City Ltd still has first refusal on the Higgs 50% so it will be offered to the liquidator of CCFC Ltd before wasps purchase goes through
The Penguin
Well-Known Member
Great. So the entity that could acquire the other 50% is, in fact, a dead non-entity that has nothing to do with CCFC anymore?
This just keeps getting better. :jerkit:
Otis
Well-Known Member
Agreed. So, we have to stay at the Ricoh. If that is not in Sisu's plans then they must reliquish ownership.
How much now would CCFC be worth? How much do we think they would sell the club for?
The Penguin
Well-Known Member
I might be wrong, but it'd be 50% ownership of ACL.
Which, I suppose, might mean 50% of all revenues.
Might be wrong though
Which, I suppose, might mean 50% of all revenues.
Might be wrong though
BS and lies?
Like ...
'we're here for the long term'
'we may liquidate the club' (ccfc ltd/holding)
'we will move out of the Ricoh'
just to mention 3 previous BS/lies.
Moff
Well-Known Member
So yesterday wasnt about the City, CCFC, The Ricoh, Cov Rugby Club, or even franchise tossers Wasps, it was all about her. What a clueless woman, and a disgrace to the Council.
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So for a shade over the money we received for Wilson in the summer we could own half of the Ricoh..
I don't think for a minute that will happen, but if it did who would then be landlords?! Just split down the middle?
I know there's a question over the loan and taking parts of that on but £2.8m at our current reported rates we be equal to 2 years and 4 months rent. No brainier, which is why I fully expect a statement about continuing to build their own stadium.
I don't think for a minute that will happen, but if it did who would then be landlords?! Just split down the middle?
I know there's a question over the loan and taking parts of that on but £2.8m at our current reported rates we be equal to 2 years and 4 months rent. No brainier, which is why I fully expect a statement about continuing to build their own stadium.
Evo1883
Well-Known Member
i dont think thats the case , im pretty sure ACL had the business share basically
Rusty Trombone
Well-Known Member
It's not dead though, the club (or rathers the clubs owners) can still buy the share. This is excellent news.
fernandopartridge
Well-Known Member
Is that what has held up CCFC Ltd's liquidation? Hmmmm
Most likely the purchase of CCC's shares are conditioned on the purchase of Higgs shares.
So no chance sisu would be offered the chance.
chiefdave
Well-Known Member
I was very disappointed to lose Wilson but if SISU had said we're selling Wilson to buy the Ricoh I wouldn't have complained.
The Penguin
Well-Known Member
Rusty Trombone
Well-Known Member
30 days to decide if SISU want the other 50%.
http://www.coventrytelegraph.net/sp...-news/coventry-city-owners-sisu-still-7902231
http://www.coventrytelegraph.net/sp...-news/coventry-city-owners-sisu-still-7902231
I don't think CCFC ltd have that kind of cash sitting, so it's a non-starter.
Even if they did, could a company in liquidation actually buy and sell-on assets?
Which company is the club now, CCFC Holdings?!
chiefdave
Well-Known Member
They seemed to have no trouble shift assets around as they felt like, sure they could find a way round it. Would essentially be Otium giving Ltd the money and Ltd passing back the 50% stake.
The Penguin
Well-Known Member
I bloody well hope they pursue it.
Get that revenue they so desperately crave without incurring greater debt to build an alleged stadium on an alleged plot of alleged land.
Get that revenue they so desperately crave without incurring greater debt to build an alleged stadium on an alleged plot of alleged land.
stupot07
Well-Known Member
Agreed. Rent only deal confines us to a league one - championship yoyo club at best.
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