italiahorse
Well-Known Member
So the Council said ACL was doing perfectly well?
Perhaps that was their way of fending off Sisu saying they were building a new stadium.
Who knows ? You guys don't !!
If that's a serious question I will answer. CCC repetedly stated that ACL was doing perfectly well without us at the Ricoh, that they didn't need us and business was booming etc. Therefore I would have expected CCC to keep hold of the Ricoh in the knowledge that one day SISU will be gone and they can negociate with the new owners.
Assuming Wasps approached them and not the other way around I would expect as an absolute minimum an open consultation so that the people of Coventry and organisations who potentially would be affected such as ourselves and CovRFC could look at Wasps proposal and have oppertunity to object.
My expection was that any offer deemed acceptable to CCC and Higgs for the sale of ACL, especially one that involved parachuting in a sporting franchise from many miles away, should have been made known to CCFC and the club given the oppertunity to match the offer.
Do you ever make any rational posts on here?
Do you ever make any rational posts on here?
So the Council said ACL was doing perfectly well?
That's still plan A then, wait for ACL to fail. What could possibly go wrong.
Didn't Sisu value the Higgs share at zero?
If Wasps had not taken the deal Sisu would just have continued to push it down.
What did people expect CCC to do?
Plan A worked. ACL failed clearly hence the fire sale. Sisu stupidly assumed the council would value the local community over hatred
Plan A worked. ACL failed clearly hence the fire sale. Sisu stupidly assumed the council would value the local community over hatred
More like SISU stupidly assumed just like you did that the Ricoh was a white elephant and nobody else would be interested in it. There was hatred involved. It was for the time and money wasted with the way that SISU tried to get the Ricoh. But no. Some think that we should blame CCC. They were cunts for letting it go to Wasps. But SISU were bigger cunts in the way that they took the piss out of everyone including ourselves. And they continue to wreck our club whilst looking for a plan B.
Don't let the little fact that if SISU hadn't taken out the JR in the first place, he wouldn't be able to make the quote from the "Scripture" would he?Is that not what they said in the JR? The document that you love to quote from like it's scripture.
I think it was a soulless concrete white elephant that grendull use to call it. Apparently that's all changed and it's a community asset now.
Part of the problem is the apathetic, glory-hunting fan base who demand that the club spend money it doesn't have. Who gives a fuck about top-flight sport. Using this logic then the cheerleaders would ditch CCFC if a Premier League club came into Coventry. Imagine fans of Portsmouth or Leeds going to watch a franchise rugby team in the stadium which was built for them. It wouldn't happen.
It's funny that some of the biggest critics of SISU's move to Northampton now suddenly jump on the bandwagon of a franchise rugby club and praise them for having good owners. They are too thick to understand how absurd and hypocritical they sound. I'm sure that these morons would also have been full of vemon for locals in Northampton going to watch CCFC play there.
To be honest if you were SISU you would want to keep this quiet. Plus if I was given a free ticket I would also keep it quiet. If I was from Northampton I would not breath a word about it.
A generation lost in Coventry but growing in Northampton.
chiefdave...........Quote [My expection was that any offer deemed acceptable to CCC and Higgs for the sale of ACL, especially one that involved parachuting in a sporting franchise from many miles away, should have been made known to CCFC and the club given the oppertunity to match the offer.] Unquote.............Wasps made a £2.77m offer for ACL......SISU actually topped that with a £2.8m offer. Now! the reason SISU were turned down and sold to the Wasps, let me see now...Although SISU offered £30k more cash, it was full of conditions about disclosures of CCC/ACL defence plans for the JR. Wasps offer was totally UNCONDITIONAL. No brainer if you ask me guys.
This deal is in relation to a 50% share of ACL... Notably the Higgs proportion. The other 50% has already been sold to Wasps and they potentially had veto over the sale.
So to use this an example is not relevant at all is it.....
And it's been confirmed by Wasps people they would have used the veto and it was always 100%
Also, does anybody know if it was totally unconditional?
I would say a right to veto is a condition.
I would say a right to veto is a condition.
Is that not what they said in the JR?
The document that you love to quote from like it's scripture.
You of course 100% supported the rent strike and devaluation strategy. You even came up with a natty little slogan for sisu. Now what was it again?
And it's been confirmed by Wasps people they would have used the veto and it was always 100%
Also, does anybody know if it was totally unconditional?
No I was replying to the post I quoted?Are you trying to deflect blame away from SISU again or is it just trying to make some look bigger cunts than they are? We need to remember who got the stadium built and who gave our club a 50% share of ACL. It wasn't CCC that sold the ACL share. It wasn't CCC that didn't want our club to get it back. The road map showed this. It wasn't CCC that refused to negotiate. It was CCC that told SISU that they wouldn't wait forever and set a deadline. They are still cunts for letting Wasps have the arena. But the biggest cunts are those that are in charge of our club. So they saved us from admin when they took over. So what. Look what has happened since. Is there anyone that would like to say in any way that we were better for them taking us over?
It is the same as those on here that say that SISU did the right thing by not taking the arena over because of the outstanding loan yet keep having a go at the price Wasps paid. Or was the same price offered to our club. Joy wasn't interested in negotiating so how was she supposed to get the price down or lease extended? It was to be extended on the road map. But we all know what happened there.
No I was replying to the post I quoted?
... and I obviously need to quote again.
- ACL were dependent upon the rental income from CCFC to enable it to makerepayments of the Bank loan. Without the rent regularly being paid, as SISU well-knew, ACL would not be able to continue to make those repayments. In thosecircumstances (or if CCFC were to go into administration or, worse, liquidation, eachof which SISU suggested they contemplated as possibilities), SISU and the Council,as well as ACL, knew that ACL would be at the mercy of the Bank or anyone whopurchased the loan from the Bank.
If you were Wasps would you want to go into partnership with SISU? They have shown themselves to be 100% untrustworthy. Our club has been shafted under their leadership. Each time they got offered what they said they wanted they changed their mind and wanted more. SISU had enough chances to get the arena but kept taking the piss. Now they and our club have lost out massively.
So ACL did need the club, they were not in the financially strong position they claimed to be. So the council, including Anne Lucas lied.
No that was the extract from the JR you got wrong.
With CCC taking over the loan the situation changed.
Initially the rescheduling of the loan enabled ACL to offer a more favourable rent as they were not tied in as in the quote above.
Because the club rejected it, I guess it also removed the dependency on the club and made them at least break even.
Who knows if that was acceptable as a long term business model but I guess the Wasps offer changed that.
As I said both sides were verbally upping the situation to increase their hands, whether you call it lying or not is open to debate.
No that was the extract from the JR you got wrong.
With CCC taking over the loan the situation changed.
Initially the rescheduling of the loan enabled ACL to offer a more favourable rent as they were not tied in as in the quote above.
Because the club rejected it, I guess it also removed the dependency on the club and made them at least break even.
Who knows if that was acceptable as a long term business model but I guess the Wasps offer changed that.
As I said both sides were verbally upping the situation to increase their hands, whether you call it lying or not is open to debate.
@ Ian1779.......Why does my post become irrellavent? because I stated, Wasps offer = Unconditional, and SISU's offer = Conditional? There is no mention of "Veto" in ACL's reply...Please read... www.coventrytelegraph.net/.../alan-edward-higgs-charity-reveal-8115323
The argument that the loan from CCC put them in a stronger position than before falls down because they sold the business for even less afterwards.
On what do you base that argument?
They sold ACL to Wasps and a 250 year lease for less than the 'deal' they had looked to do with SISU previously (before the loan was re-financed)
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