CCFC can still have the Higgs 50% share ??? (7 Viewers)

[Rusty Trombone]

The debt is 43 years of a lease

I bet the former and current shareholders were pissing themselves when they thought of this plan.

 

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[Astute]

HRC ,43 years on the Lease?/

But the lease from CCC should be null and void if they don't own the leasehold anymore. And the Higgs share would belong to SISU so that would be gone too.

 

[SkyBlue_Bear83]

If SISU aren't interested than the 27,000 who were at Gillingham can chip in £100 each and we'll buy it ourselves.

 

[Deleted member 5849]

If SISU aren't interested than the 27,000 who were at Gillingham can chip in £100 each and we'll buy it ourselves.

Actually... is my memory failing me, or did the trust look into protecting it as a community asset?

I know they didn't in the end, but if I'm not going mad (possible!) what were the reasons for not doing so in the end?

(Not saying they were wrong not to pursue it, btw!)

 

[Rusty Trombone]

Actually... is my memory failing me, or did the trust look into protecting it as a community asset?

I know they didn't in the end, but if I'm not going mad (possible!) what were the reasons for not doing so in the end?

(Not saying they were wrong not to pursue it, btw!)

A management company isn't a community asset.

 

[SkyBlue_Bear83]

Is the answer to make a joint offer with Wasps then OSB? In other words, say half each for the Higgs share, therefore Sisu end up with 25% and Wasps 75% of ACL? Although why would Wasps do this when they can have all of it?

Well if they want the club there long term they may not have a choice.

 

[Rusty Trombone]

Well if they want the club there long term they may not have a choice.

Wasps hold all the cards here, where are the club going to go that will be financially viable?

 

[SkyBlue_Bear83]

Wasps hold all the cards here, where are the club going to go that will be financially viable?

Sixfields wasn't financially viable but it still happened.

Theres no way SISU are going to agree to be long term tenants at the Ricoh where Wasps own 100%.

 

[Rusty Trombone]

Sixfields wasn't financially viable but it still happened.

Theres no way SISU are going to agree to be long term tenants at the Ricoh where Wasps own 100%.

And we came back because it wasn't financially viable. Where are we going to play long term that's a better deal than renting at the Ricoh?

Actually that's a rhetorical question, the answer of course is nowhere.

 

[Kingokings204]

Wasps obviously want 100% of acl but maybe sisu could buy the Higgs share out of spite and distress wasps send them to the brink and then buy out their 50% all the time playing at the Ricoh.

Sounds crazy but plausible.

 

[RoboCCFC90]

Wasps obviously want 100% of acl but maybe sisu could buy the Higgs share out of spite and distress wasps send them to the brink and then buy out their 50% all the time playing at the Ricoh.

Sounds crazy but plausible.

There is no way any of us would condemn such actions

 

[SkyBlue_Bear83]

And we came back because it wasn't financially viable. Where are we going to play long term that's a better deal than renting at the Ricoh?

Actually that's a rhetorical question, the answer of course is nowhere.

Haven't you heard? We are building a new stadium in the Coventry area.

 

[Rusty Trombone]

Haven't you heard? We are building a new stadium in the Coventry area.

I have heard that, and it was borne in mind when posting my thoughts.

 

[Kingokings204]

There is no way any of us would condemn such actions

Ha I wasn't serious really but you get what I mean. We have to take this 50% but I somehow feel we won't.

 

[SkyBlue_Bear83]

Ha I wasn't serious really but you get what I mean. We have to take this 50% but I somehow feel we won't.

How about this, we buy it. Then we tell wasps we want 30 million for our 50%. Then we use the 30 million to build the Fisher Arena in Coventry where we own 100% and have no egg chasers ruing our pitch.

It's the master plan

 

[wingy]

How about Higgs throw a curved Ball.

No not a Gilbert ,but don't sell their share at all and utilise it to gain a 50% stake in CCFC ,Imagine that Boardroom .:facepalm:

 

[jas365]

I haven't read all the posts in this and other threads, but with PWKH confirming this morning that the Higgs share has been offered to the liquidator as was being reported........

Would Otium be allowed to gift the £2.77m to CCFC Ltd for them to buy the share, and then buy it back off them? Or does the fact that the liquidation process is in progress prevent that from happening?