Les Reid Update (29 Viewers)

[LJC_CCFC]

@Lesreidpolitics: 1/3 BREAKING:I understand #CCFC owner Sisu/Otium HAS registered an interest in Higgs' 50% ACL/Ricoh share with #ccfc Ltd liquidtr

 

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[ccfcway]

why has the liquidation process was taking so long ?

:wave:

 

[LJC_CCFC]

@Lesreidpolitics: 2/3.. I believe 2 other parties have. #CCFC may argue they've beneficial ownership rights over the option to buy Higgs share.Any potential..

 

[Rusty Trombone]

@Lesreidpolitics: 1/3 BREAKING:I understand #CCFC owner Sisu/Otium HAS registered an interest in Higgs' 50% ACL/Ricoh share with #ccfc Ltd liquidtr

I know who'll be making some money out of this.

 

[ccfcway]

hi ho., hi ho, hi ho, its off to court we go

 

[LJC_CCFC]

@Lesreidpolitics: 3/3 ..bidder may have to indemnify skint #CCFC Ltd. Appears council/Higgs believe #Wasps will get 100% of Ricoh but fear #CCFC injunctn

 

[Astute]

hi ho., hi ho, hi ho, its off to court we go

Just hope they don't batter themselves in court again.

 

[Monners]

Lets go round again

 

[Seaside-Skyblue]

Surely this makes talk of a new stadium look even more silly?

 

[lifelongcityfan]

and there's me believing RFC when he says he knows where the new stadium's going to be!!!

 

[letsallsingtogether]

Lets go round again

Sisu turn back the hands of time.....

I bet they wish they could surely could't fuck it up twice???

 

[ccfcway]

"any potential bidder may have to indemnify skint #CCFC Ltd"

what does that mean ?

 

[letsallsingtogether]

and there's me believing RFC when he says he knows where the new stadium's going to be!!!

Holbrooks A444

 

[skybluepm2]

@Lesreidpolitics: 3/3 ..bidder may have to indemnify skint #CCFC Ltd. Appears council/Higgs believe #Wasps will get 100% of Ricoh but fear #CCFC injunctn

It's about time we had more pointless, dragged out legal proceedings. I'm getting bored of slagging off the team each week, plus it's been 2 whole months since the last one

 

[Grendel]

"any potential bidder may have to indemnify skint #CCFC Ltd"

what does that mean ?

Despite being ridiculed by those economists on here such as astute for predicting this likely development the actual critical aspect will be not the requirement to re-fund an empty company but deal with the veto.

I suspect ( again having been ridiculed by the economic experts) that the wasps takeover is not to be completed until 30 days after the Higgs announcement. So they can veto the club buying the shares.

 

[DaleM]

And with all this the team will continue to suffer just to line some rich cunts pockets even more.:jerkit:

 

[Grendel]

And with all this the team will continue to suffer just to line some rich cunts pockets even more.:jerkit:

So you don't think the club should own the stadium?

 

[stupot07]

@Lesreidpolitics: 3/3 ..bidder may have to indemnify skint #CCFC Ltd. Appears council/Higgs believe #Wasps will get 100% of Ricoh but fear #CCFC injunctn

here's hoping for a CCFC injunction to stop Wasps snapping up Higgs 50%

 

[Grendel]

here's hoping for a CCFC injunction to stop Wasps snapping up Higgs 50%

God yes. Every single fan will be supporting sisu on this one.

 

[DaleM]

So you don't think the club should own the stadium?

I would absolutely love the "club" to own the stadium . Just not some Cayman based hedge fund who will probably still charge rent and lots of lovely interest on imaginary money .
I wish Sisu would just stop dragging the club through the mud and fuck off asap.

 

[Grendel]

I would absolutely love the "club" to own the stadium . Just not some Cayman based hedge fund who will probably still charge rent and lots of lovely interest on imaginary money .

Sorry chap they couldn't do that without the other Maltese based hedge fund agreeing to it as they only will own 50%

 

[DaleM]

Sorry chap they couldn't do that without the other Maltese based hedge fund agreeing to it as they only will own 50%

There should be a law banning all hedge funds from owning sporting clubs .

 

[Grendel]

There should be a law banning all hedge funds from owning sporting clubs .

We are taking ACL not a club - you are confused.

 

[AJB1983]

Wonder how les knows this? Second guessing what sisu are going to do.... Mmmm

 

[DaleM]

We are taking ACL not a club - you are confused.

No im not . If sisu are successful and get the other 50% of acl will the "club" own it ? . I think we all know the answer to that one .

Lots of cash will be moved into peoples pockets, the club will continue to languish with its "sustainable model" and some total c-unit on a yacht in the Catmans will light a big cigar and toast Joy and co for pulling it off.

Fuck the lot of them . Between all parties involved in this sorry saga they have destroyed CCFC.

 

[Grendel]

Wonder how les knows this? Second guessing what sisu are going to do.... Mmmm

We there are 3 interested parties so it's hardly a revelation is it .

 

[Grendel]

No im not . If sisu are successful and get the other 50% of acl will the "club" own it ? . I think we all know the answer to that one .

Lots of cash will be moved into peoples pockets, the club will continue to languish with its "sustainable model" and some total c-unit on a yacht in the Catmans will light a big cigar and toast Joy and co for pulling it off.

Fuck the lot of them . Between all parties involved in this sorry saga they have destroyed CCFC.

So you'd rather wasps own 100% then?

 

[ccfcway]

I suspect ( again having been ridiculed by the economic experts) that the wasps takeover is not to be completed until 30 days after the Higgs announcement. So they can veto the club buying the shares.

again, I am not 100%, does that mean if the takeover isn't complete until, lets say 35 days after higgs announcement, wasps will have the other 50% as well ?, and nowt the club can do about it ?

 

[bradwellskyblues]

If true very good news as I think it may be the beginning of exit

 

[Wyken Sky Blue]

I would absolutely love the "club" to own the stadium . Just not some Cayman based hedge fund who will probably still charge rent

As opposed to a Malta based hedge fund who purchaed 50% of the Ricoh last week?

 

[Otis]

God yes. Every single fan will be supporting sisu on this one.

Well ... sort of. Would say everyone needs to support CCFC on this one and that course would mean Sisu being successful.

People need to get Sisu out of their minds and just think about Coventry City Football Club. It's that simple.

 

[DaleM]

So you'd rather wasps own 100% then?

Again and again you try and twist things that are written . Never even mentioned wasps . In an ideal world CCFC would own it with an owner who would invest in some decent players and get us out of the shit we are in . Not going to happen though is it . Between all of them ,SISU , CCC and ACL this is the biggest clusterfuck in the history of the modern game . I want City making headlines for on the pitch stuff ,not all this shit .

 

[stupot07]

So you'd rather wasps own 100% then?

And to be honest, we have no idea whether wasps are going to own the 50% or whether it's an 'Otium' situation. It's not really been reported what the company structure will look like.


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

 

[Grendel]

again, I am not 100%, does that mean if the takeover isn't complete until, lets say 35 days after higgs announcement, wasps will have the other 50% as well ?, and nowt the club can do about it ?

The club can I am sure take legal action. I cannot believe the council have sold yet though so I can block - or CCFC could get 50% for £2.7 million and wasps get the loan!

 

[ccfcway]

The club can I am sure take legal action. I cannot believe the council have sold yet though so I can block - or CCFC could get 50% for £2.7 million and wasps get the loan!

thanks. does make you wonder if SISU are in on this, or, if they are shaping up for another day in court