48 hours away from expulsion / New Ricoh Talks! (2 Viewers)

[covcity4life]

Fewer white dogs around these days.

Will see more after brexit

 

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[ccfc92]

Any further news re the Ricoh/a deal?

 

[skybluesam66]

Any further news re the Ricoh/a deal?

no we are looking at the b deal or the c deal

 

[Warwickhunt]

Why don't you see that anymore?

The butchers don't give the bones to the strays anymore as they can sell them to make money.

 

[fellatio_Martinez]

Why don't you see that anymore?

Remember how everyone was on cocaine back in the day?

Dogs were at it too. Turned their shit whiter than a klan rally.

 

[lordsummerisle]

The butchers don't give the bones to the strays anymore as they can sell them to make money.

Butchers selling strays to make money?

Going to be looking at Hot Dogs a bit differently from now on.

 

[Warwickhunt]

Butchers selling strays to make money?

Going to be looking at Hot Dogs a bit differently from now on.

In Thailand they do! (WOK the dog)

 

[Nick]

Interesting that certain people don't seem to have been back after posting in this thread.

It was almost as if they were trying exactly what I said they were.

 

[Sky Blue Harry H]

Has this Friday meeting at Friargate been confirmed anywhere?

 

[ccfc92]

Has this Friday meeting at Friargate been confirmed anywhere?

I thought it was yesterday? May have misread the post in this thread.

 

[HuckerbyDublinWhelan]

I thought it was yesterday? May have misread the post in this thread.

Was postponed, Duggins mentioned Colly Monday’s - and joy and nick Eastwood wanted to sample that once the deal was done

 

[Nick]

Was postponed, Duggins mentioned Colly Monday’s - and joy and nick Eastwood wanted to sample that once the deal was done

They had best get their fake student ID made up.

 

[SkyBlueDom26]

I thought it was yesterday? May have misread the post in this thread.

There was no meeting

 

[Great_Expectations]

The trouble with this rumour is that no one has been clear as to what "buying 49% of the Ricoh" actually means.

Is it incomes shared 49% if so which incomes?
Is it 49% of the net profit from the match day incomes ?
Is it buying 49% of IEC Experience Limited which is the catering and events company ?
is it 49% of ACL which owns IEC but also receives rent ?
is it 49% of the lease valued at £60m?
is it some brand new joint venture company to cover the relationship shared 49:51?

It all costs to varying degrees, and doesn't stop CCFC having to agree a rent. Pretty certain Wasps rugby pay rent so quite unlikely that CCFC would not

Also as nothing has been disclosed so far because of the non disclosure agreement in place how do these, i assume peripheral, people know? For them to know and to be spreading it far and wide jeopardises any agreement

also wasps have given the "ricoh" as security to the bond 100%. If SISU are not going to be part of that security that means that wasps must find something to replace the 49% they are selling to make sure the bond is fully covered. Alternatively the proceeds of sale would need to be sufficient to pay down the bond to balance the security requirement. That would be early repayment of the bond so would not be £1 for £1 because the bond terms set a premium for early repayment currently around 5%. Wasps are not going to go out borrow more to do that so that means the sale proceeds would need to cover it. £35m x 49% x 1.05 = approx 18m proceeds but that ignores possible tax costs.

All that to buy in to something that doesn't make big profits in the first place and might not guarantee income?

Yep, as I say I can’t see how it works or why, but these things have to be shared on an internet forum! It’s interesting nobody else seems to have heard anything similar.

 

[Nick]

 

[vow]

NEWS: Coventry City update following enquiries on Ricoh Arena talks

Mostly just says they're in talks with the Cuckoo Insects.

 

[DazzleTommyDazzle]

Still talking is better than no longer talking.

 

[Nick]

It's probably to stop people asking every 10 minutes, although the people who ask the most will moan that the statement doesn't give much information.

 

[Sky Blue Harry H]

Bet Fisher fell at the first hurdle...hope his ar*e is full of hedgerow.

 

[ccfc92]

Coventry City Football Club can confirm that it is still in discussions with Wasps Holdings Limited regarding extending our current license to play at the Ricoh Arena.

There have been a few hurdles along the way, but we are all working hard, and are continuing to work hard, to overcome these and reach an agreement to play at the Ricoh Arena, therefore avoiding the need to groundshare.

Details of discussions with Wasps Holdings Limited are confidential at this stage, due to mutually signed confidentiality agreements, and we will update fans as soon as we are able to do so.

 

[ccfc92]

It's probably to stop people asking every 10 minutes, although the people who ask the most will moan that the statement doesn't give much information.

Funny thing is, you moan about people moaning more than people who moan actually moan

 

[Nick]

Funny thing is, you moan about people moaning more than people who moan actually moan

Because they are fools.

 

[ccfc92]

I assume early bird will be for the whole summer this year?

 

[Sky Blue Pete]

Have it on good authority that positive discussions have been happening. Lots of hope

 

[SkyBlueCRJ]

Have it on good authority that positive discussions have been happening. Lots of hope

I think the majority have heard that talks are positive. That doesn't mean Wasps aren't/won't move goalposts.

 

[Evo1883]

I’m confident it will get done , but the way some people go on at the people tweeting on the clubs behalf is absolutely laughable

 

[BrizzolSkyBlue]

I think the majority have heard that talks are positive. That doesn't mean Wasps aren't/won't move goalposts.

I hope Wasps do move their goalposts, otherwise we won't be able to put our footie goals up in their place!

 

[Earlsdon_Skyblue1]

I hope Wasps do move their goalposts, otherwise we won't be able to put our footie goals up in their place!

Yes but if they don't move the goalposts then all our players that are absolutely gash at finishing might actually have a chance of scoring.

Wasps IN.

 

[covcity4life]

Have it on good authority that positive discussions have been happening. Lots of hope

but you think burge is good so could this be nonsense too?

 

[Liquid Gold]

but you think burge is good so could this be nonsense too?

The authority probably is Burge.

 

[rob9872]

Probably just holding out until after Sunday so that we don't disrupt their games and then they'll advise all deals are off.

 

[covcity4life]

Probably just holding out until after Sunday so that we don't disrupt their games and then they'll advise all deals are off.

not a bad shout. council have previous of trying to distract sisu and delay

 

[Sky Blue Pete]

The authority probably is Burge.

Nope but shouldn’t say. From the horses mouth though

 

[covcity4life]

Nope but shouldn’t say. From the horses mouth though

anne lucas?

oh wait shes a cow

 

[rob9872]

And can't be from Bright because he's the goat