So not too far away from the cash up front offer from SISU and less than the one with payment terms? Or am I thinking of the wrong thing?
I wonder if anybody will think Wasps were stealing from the mouths of poor children etc.
It would/will (or am I hoping for too much) to see what the full details of the "very generous offer" from the club actually amounted to. Having read the article it appears that the Higgs are going to be getting cash from every Wasps game, assuming that they sell any seats in the North stand - anyone know what the capacity is? We've not seen the details of either of the bids and when/if we do then we'll be in a more informed position as to whether Wasps were offering more to the charity.
Ultimately this was always coming ever since the Wasps Deal was announced. Posters who are better educated in these matters than myself (like Grendel and OSB58) have said this would be the case. All the allowing the liquidator of Ltd to make an offer was just to try and remove the chance of any legal action. The higgs to my mind have been piggy in the middle, and caught out by the council agreeing to sell to Wasps (the higgs can't have increased the length of the lease only the council etc.). I don't think the Higgs would have gone for Wasps lightly given their history with the club. It's sad that they opted to go with the council decision and sell to Wasps, I was surprised that we hadn't made any statements regarding wanting the Ricoh lease/ACL when the Wasps deal was announced. Joy even said that she wouldn't interfere with the wasps deal and mentioned the new stadium again as a permenant home for our club in the same statement. When we returned to Coventry we were saying we were coming back on a temporary basis whilst we continued with the new stadium plans. Personally I blame the Higgs for helping us out in the first place, by loaning us money when we were at HR to stay afloat. We should have been allowed to go bust then and rebuild from the ashes, it would have been painful but nothing like the pain that we're suffering now. They've lost money and that's their tough luck it was an investment (even if it was made with the best of intentions) and investments can go down as well as up.
Sisu have been basically outmanouvered by the two faced hypocritical council & wasps and we've not helped ourselves but there's nothing we can do now Wasps have 100% of ACL. I've said for sometime that the longer we go without saying we're still interested in ACL the less likely it is we'll get any part of it, If we say we've moved on once too often ACL will move on too and we'll be stuffed. This was always a dangerous consequence of the move to Northampton and all the statements about the New Stadium. Quite how the council square the statements made about us going to/playing at Sixfields and then them turning round and selling to Wasps I don't know.
Joy will either have to build us a new stadium (in which case the council should be bending over backwards to help with the planning permission) or negotiate a better deal going forwards at the ricoh - or whatever they end up calling it Jaguar Land Rover Arena or some such and we'd better hope (sorry wasps fans) that Wasps don't have a very bright financial future and we can buy our way in.