Sepalla interview (8 Viewers)
- Thread starter Limey
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Astute
Well-Known Member
I still await the legal challenge from SISU about the article.
Originally Posted by Astute
ACL owe the loan. Buy ACL you buy the loan. Buy 50% of ACL and you buy 50% of the loan.
That is so wrong
You buy half of ACL shares and that is it
If your 50% partner goes bust it does not change the status of ACL's loan - IT stills owes 100% of the balance
If ACL is generating sufficient to service the loan all well and good
However if it is not doing that and needs a cash injection then the problems arise. It could be the surviving shareholder has to prop up the WHOLE of the loan or fold ACL
Must be ways of Limiting your liabilities to a partner company .
Only with the agreement of the Lender
But it was an interview with JS so you would expect it to be one sided - wouldn't you?
The other parties were asked to comment on her interview
If the ACL/CCC press machine interviewed Ann Lucas I would be staggered if that was not similarly one sided
Hobo
Well-Known Member
That is why Sepalla needs to engage and speak with Wasps the future partner, the only way of bringing a successful deal home and forging a successful partnership otherwise it is doomed to failOriginally Posted by Astute
ACL owe the loan. Buy ACL you buy the loan. Buy 50% of ACL and you buy 50% of the loan.
That is so wrong
You buy half of ACL shares and that is it
If your 50% partner goes bust it does not change the status of ACL's loan - IT stills owes 100% of the balance
If ACL is generating sufficient to service the loan all well and good
However if it is not doing that and needs a cash injection then the problems arise. It could be the surviving shareholder has to prop up the WHOLE of the loan or fold ACL
Must be ways of Limiting your liabilities to a partner company .
Only with the agreement of the Lender
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Broken Hearted Sky Blue
Well-Known Member
SO you're saying that JS was interviewed by the SISU press machine?
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Rusty Trombone
Well-Known Member
Her quotes would represent her view, but the reporter could elaborate to give the reader a rounded picture of events.
There is no evidence that the other parties were asked to comment on the interview.
Are you saying that Les Reid is part of the SISU press machine?
Judging by past performance I doubt if SISU have a "press machine" - it is however well known the other parties use one
I note you dropped on part of my post but ignored "If the ACL/CCC press machine interviewed Ann Lucas I would be staggered if that was not similarly one sided"
rupert_bear
Well-Known Member
I wonder if Aaron Martin will shore up our defence ?
Astute
Well-Known Member
And not the questions that we want and need answering. That is why he was chosen to report what Joy says. Which is as usual to point the finger at others.
This is needed, but balance is also needed. How about Joy having a meeting with a proper journalist? Won't ever happen will it.
Bet you wouldn't get Ann Lucas and her team answering some of the questions being asked of them either
Astute
Well-Known Member
Other than those which will have been under confidentiality contracts they were answered by CCC. And they were asked by Joy. Joy never replies to anything that we want to know.
shy_tall_knight
Well-Known Member
SISU very quiet during the Sixfields debacle, having lost the JR, been forced to return to the Ricoh, having lost the Ricoh to Wasps and now Joy is giving detailed interviews and complaining about lack of information etc.. If it wasn't so sad for my club it would be funny. Pot calling kettle
albatross
Well-Known Member
Ive been working away so just dipped into this and my immediate conclusion is that it is total Bollocks.
Poor journalism and SISU rhetoric all wrapped up in one simple article.
What ask the council about the commercial operations of a company that are no longer shareholders in, no influence and cannot make any qualified comment on as that resides with ACL. Then they print their answers like they are hiding the crown jewels!!
Have you sold your shareholding ? Yes ..... end of all ACL /HIGGS / WASPS and SISU's business from there in.
Why were SISU not asked .... How are you going to structure the deal?.... What are these conditions>..... do you have the money? ...... what does the Liquidator say?..... what about the other creditors to CCFC Ltd are they supporting this ?...........
Hardly pulitzer prize winning journalism
I don't see how the Higgs have to answer anything as they are a shareholder.... It is for the board of ACL to respond. in this instance as a Shareholder Higgs do not run the company you own part of it. As do Wasps.
Why are SISU now trying to be the valiant knight trying to save the distressed coventry city? They have acted more like a drunken wife Beater towards CCFC and have now been caught out. They are now trying to put on their charming face, reconcile their actions, blame others and garner support from those they have let down most US the FANS.
This club needs to have a plan to go forward ..... like it or not it involves WASPS.... accept it an move on.
Poor journalism and SISU rhetoric all wrapped up in one simple article.
What ask the council about the commercial operations of a company that are no longer shareholders in, no influence and cannot make any qualified comment on as that resides with ACL. Then they print their answers like they are hiding the crown jewels!!
Have you sold your shareholding ? Yes ..... end of all ACL /HIGGS / WASPS and SISU's business from there in.
Why were SISU not asked .... How are you going to structure the deal?.... What are these conditions>..... do you have the money? ...... what does the Liquidator say?..... what about the other creditors to CCFC Ltd are they supporting this ?...........
Hardly pulitzer prize winning journalism
I don't see how the Higgs have to answer anything as they are a shareholder.... It is for the board of ACL to respond. in this instance as a Shareholder Higgs do not run the company you own part of it. As do Wasps.
Why are SISU now trying to be the valiant knight trying to save the distressed coventry city? They have acted more like a drunken wife Beater towards CCFC and have now been caught out. They are now trying to put on their charming face, reconcile their actions, blame others and garner support from those they have let down most US the FANS.
This club needs to have a plan to go forward ..... like it or not it involves WASPS.... accept it an move on.
duffer
Well-Known Member
I wish people would step away from the personalities involved here. This was an interview with Sepalla, and she's made her points clearly enough. What we ought to be doing is discussing the merits of her argument, rather than calling it a PR piece, or insulting a journalist who has at various times challenged all of the parties involved.
If you think Rob S or Les Reid are somehow in the pay of SISU, then have the courage to come out and say so. Better still, forget about who you think they work for, and challenge what you think they are saying with facts - far better if everyone moved away from the completely pointless Fisher-rent-boy/Ann-Lucas-love-child rhetoric.
Anyway, back to the article - I'll note that Reid's also asked questions of the other parties, who have either declined to comment completely, or quoted NDAs. You can't class this as an anti-council piece if they've had the opportunity to have their say but declined for whatever reason to do so.
As for the specifics, it continues to p*ss me off enormously that SISU won't drop the new stadium farce. It simply doesn't need to be mentioned here. The council chose to bring Wasps in, but once again SISU are making it easy for them.
I note also that the council have already moved away from Wasps supposedly bringing 28,000 and £6m into the city at game time. Now this is just "a matter for Wasps and ACL". So all of this chat that Councillors made the move being good for the city's economy - it was bullshit, they've just admitted it.
Despite all of the bluster in the council debate, this was nothing to do with getting footfall into the Ricoh for the benefit of the city's economy. However it has got the council out of having to deal with SISU, and it has got CCC out of ACL, which it seems wasn't profitable despite their assertions (lies?) to the contrary. Again, whether that's worth it financially or morally is a matter of opinion I'd say.
And Wasps saying nothing - that says something to me too. I'm sure they'd like all this to go away, and they'd rather not admit that all they want from CCFC is someone who pays the rent on time, rather than being a true partner. That, to me, is the financial reality here.
If you think Rob S or Les Reid are somehow in the pay of SISU, then have the courage to come out and say so. Better still, forget about who you think they work for, and challenge what you think they are saying with facts - far better if everyone moved away from the completely pointless Fisher-rent-boy/Ann-Lucas-love-child rhetoric.
Anyway, back to the article - I'll note that Reid's also asked questions of the other parties, who have either declined to comment completely, or quoted NDAs. You can't class this as an anti-council piece if they've had the opportunity to have their say but declined for whatever reason to do so.
As for the specifics, it continues to p*ss me off enormously that SISU won't drop the new stadium farce. It simply doesn't need to be mentioned here. The council chose to bring Wasps in, but once again SISU are making it easy for them.
I note also that the council have already moved away from Wasps supposedly bringing 28,000 and £6m into the city at game time. Now this is just "a matter for Wasps and ACL". So all of this chat that Councillors made the move being good for the city's economy - it was bullshit, they've just admitted it.
Despite all of the bluster in the council debate, this was nothing to do with getting footfall into the Ricoh for the benefit of the city's economy. However it has got the council out of having to deal with SISU, and it has got CCC out of ACL, which it seems wasn't profitable despite their assertions (lies?) to the contrary. Again, whether that's worth it financially or morally is a matter of opinion I'd say.
And Wasps saying nothing - that says something to me too. I'm sure they'd like all this to go away, and they'd rather not admit that all they want from CCFC is someone who pays the rent on time, rather than being a true partner. That, to me, is the financial reality here.
albatross
Well-Known Member
Ok Duffer point taken.
My main thrust was that given the rarity of Interviews with Joy Sepalla that the focus was on the parties that were not being interviewed or present.
it may have been a factual unbiased representation of what went on , but given the opportunity to quiz the woman in charge was this not a missed opportunity?
There may have been an equal number of "that's commercially sensitive" responses which would have added some balance to the piece.
Given that SISU I believe claimed to "batter people in court" the only think they seemed to have battered is our club and supporters which is the real crime.
I was OK with SISU owning the Ricoh if it was part of a plan to grow the team etc.. but things have now changed and they are still pointing the finger at others without articulating any cohesive plan to move the club forward.
My main thrust was that given the rarity of Interviews with Joy Sepalla that the focus was on the parties that were not being interviewed or present.
it may have been a factual unbiased representation of what went on , but given the opportunity to quiz the woman in charge was this not a missed opportunity?
There may have been an equal number of "that's commercially sensitive" responses which would have added some balance to the piece.
Given that SISU I believe claimed to "batter people in court" the only think they seemed to have battered is our club and supporters which is the real crime.
I was OK with SISU owning the Ricoh if it was part of a plan to grow the team etc.. but things have now changed and they are still pointing the finger at others without articulating any cohesive plan to move the club forward.
letsallsingtogether
Well-Known Member
People come on here and slag of SP for not being able to change tactics or have a plan B.
Well he must have inherited that from our Gracious owners.
Their plans have been shot down and they don't have a clue which way to turn......
Well he must have inherited that from our Gracious owners.
Their plans have been shot down and they don't have a clue which way to turn......
Astute
Well-Known Member
I had already said that the questions asked were needed to be asked.
And I will say that Les Reid is biased towards SISU. It doesn't mean that he is paid by them. Why is Joy happy to meet with him and no other reporter? Why does he never ask her the questions we want answers to or at least report them? He has come out with claims that don't seem to have any truth like the smoking gun or councillors voting against the wasps deal.
Rob S also seems biased towards SISU. How about his recent meltdown on here on the thread that got deleted? He once had a go at me whilst contradicting news that came out. I admire him for all his hard work he has put in. Maybe he has fell for what Joy has told him. Just like Les Reid has. Don't mean he is getting paid for it though.
The release of what Joy said had her contradicting herself. Why wasn't it questioned? Yes there were questions that needed answering. But what is plan A? Is there more litigation on the way? Do they want 50% or only all of ACL? Would a new stadium come first? Have they got the financial backing now?
I am not pro CCC. It is CCFC I care about. I don't give a shit about all the sides involved. And now it is starting to look like it is too late for us at the Ricoh. And all in the name of trying to save a few millions.
torchomatic
Well-Known Member
It's OK labelling Reid and Rob as SISU stooges, so by the same token why don't you and tens of others ever ask questions of CCC? Duffer is a shining example to us all, I think.
Rusty Trombone
Well-Known Member
You made 3 points, and I made a point for each one, hardly dropping on part of it.
As it wasnt clear enough for you though, in response to your Lucas point I would say she would give her view and I would expect a reporter to give a rounded picture of events to give balance to the story.
The Lurker
Well-Known Member
What have the council done wrong in all this? They've been taken to court by sisu and nothing happened. Sisu fucked us off to Northampton which in turn let to the council/ACL having a ground with no tennants. If the council had done wrong, the court of law would have found it.
torchomatic
Well-Known Member
But he has asked questions. Wasps refused to comment and CCC for the most part hid behind confidentiality. I don't see the same cries of derision when Gilbert gives his view on the matter, which to my mind are skewed pretty much in favour of Lucas and her mates.
torchomatic
Well-Known Member
Forget the "court of law" bollocks. The rent was too high, way too high. CCFC could not afford it; they SHOULD have negotiated, but they didn't, that is a fuck up by SISU, yes. CCC tried to sue NTFC for pinching their club, yet they have done the same thing and given an out-of-town franchise control of the bowl for 250 years, a quarter of a millenia. Yes, the club may get the other half, but PWKH and Higgs would "prefer" it all went to Wasps. That, in my view is a fuck up from the Council, ACL and the charity.
As Duffer said it is time to forget all the finger pointing and jubilant cheers of "but it's all SISU's fault" (I only have to look at your posts for that kind of thing), that is in the past. All that matters is what happens NOW and what the FUTURE holds for Coventry City Football Club. Nothing else matters.
You can write "it's all down to SISU" a million times on a million different threads but it won't change anything.
To say SISU are 100% to blame is nonsense.
As Duffer said it is time to forget all the finger pointing and jubilant cheers of "but it's all SISU's fault" (I only have to look at your posts for that kind of thing), that is in the past. All that matters is what happens NOW and what the FUTURE holds for Coventry City Football Club. Nothing else matters.
You can write "it's all down to SISU" a million times on a million different threads but it won't change anything.
To say SISU are 100% to blame is nonsense.
Rusty Trombone
Well-Known Member
Joy gave views on what she wanted by the looks of it, seemingly without challenge. The others were asked specific questions, mostly about the deal, so its not as if they were asked to provide a similar opinion piece. What views has Gilbert given that require more derision?
stupot07
Well-Known Member
Isn't that what any paper interview does? The CT don't appear to have challenged much of the wasps move - e.g claiming that 28k watched their Heineken cup game at the Ricoh (wrong is was 21k) and they the 28k all spent £214 per person in the local economy for example,
They haven't really explored (Andy turners article aside) what the really impact it will have on us and CRFC.
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skybluetony176
Well-Known Member
Here's an idea for Joy to get the ball rolling on making a bid for the Higgs share.
Why doesn't she arrange a contract where if negotiations break down at any point SISU will pick up Higgs cost upto an agreed amount to give Higgs the confidence that the SISU bid is serious. What could possibly go wrong with that?
Why doesn't she arrange a contract where if negotiations break down at any point SISU will pick up Higgs cost upto an agreed amount to give Higgs the confidence that the SISU bid is serious. What could possibly go wrong with that?
stupot07
Well-Known Member
You mean the terms the Judge agreed sisu did not have to pay because they weren't solely to blame and that the deal stopped because all parties lost the appetite to a deal?
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torchomatic
Well-Known Member
OK, put it another way. Lucas was interviewed, asked specific questions and answered them. SISU refused to comment and hid behind confidentiality. There aren't many guarantees in life but I betcha there would have been a meltdown from you and quite a few others on here.
As for the "views on what she wanted". That is true regardless of who is being interviewed by a journalist, isn't it?
As for the "views on what she wanted". That is true regardless of who is being interviewed by a journalist, isn't it?
The problem is it wasn't an interview, it was just the views of Seplla written without challenge, any decent interviewer or journalist would have had something to say to nearly every single sentence she uttered. Not doing this is the reason Les Reid was criticised when he worked for the telegraph that led to his toys all over the floor. It hasn't just been Les Reid that has been guilty of this of course though he has been the most guilty.
Why would anyone come out and say that they think Rob or Les are under the pay of sisu, it's clear that Les Reid has pressured this site to remove that sort of thing under threat of action, so someone saying that is bad for themselves, bad for the site and there post would probably be removed in short order. They would also have no evidence for it either. It's extremely clear that Les Reid is extremely bias but that certainly doesn't mean he is receiving pay for that. He like many people has probably just become more and more entrenched in their own position.
We could discuss Sepplas argument but it seems pointless, the holes it in are so massive, the hypocrisy so blatant and the suggestion of continuing to build a stadium even as 50/50 owners so stupid and damaging (including to their chance of getting to buy the 50%) that anyone who doesn't already see this isn't going to be convinced by discussion