Why bashing Ann Lucas on this one - it's apparently AEHC who have agreed to give Wasps the veto power.
Moved a club somewhere completely different, after failing to establish a base where they belong?
But it's ok, it's just business, and it gets one over on big bad Sisu.Moved a club somewhere completely different, after failing to establish a base where they belong?
No you little scamp, buying the Ricoh.
So in other words, buying somewhere completely different, totally unrelated to where they've come from, after their own attempts to sort out a ground where it should be have met with a lack of success?
Wasps buying the Ricoh is not a measure of their success, more their failure. Not sure they should be held up as an example of good practice, as the only reason they've rocked up here is an inability to sort out anything where everybody 'knows' they belong.
Looks like old Robinson has been told to go and this gives the deciding vote should there be one to wasps. Did we expect any different?
Wasps will get 100% and there is nothing we can do about it. Move on. We only in the same position we have been in for the last 11 years. Nothing has changed on that front. We had only the chance over the last 11 years to buy back what was ours anyway. Isn't exactly progression is it?
Have been since sisu took overWhichever way you look at it, we are truly f*cked.
Currently it's only a measure of SISU's failure. .
Currently it's only a measure of SISU's failure.
If in 5 years Wasps are selling out every home game take the premier league title and clean up in Europe will that be failure?
Of course if in five years time Wasps have gone to the wall and if by some miracle SISU haven't killed our club and they pick up the Ricoh for a quid this will be a measure of Wasps failure.
The going rate?
Wasps only got it at the going rate if ACL was going down the toilet. Maybe SISU did a good job of distressing them after all.
Glad you are happy the 'childrens charity' have got less to spend on the needy now.
I have no compassion for SISU and I have little more for CCC and its ACL representatives they all deserve one another but thats not the issue now. This is about the AEHC and the people of Coventry who support CCFC...either they are with us and will agree to the CCFC deal on the table or they will be yet another party that has stabbed us in the back...at which point to be blunt they may as well sod off and set up in Leicester or Birmingham because they will have lost the ability to look in the eye the people of this great city. Oh and anyone who says that the power of veto means it no longer matters....well they dont HAVE to accept a bid from Wasps...They can only CHOOSE to sell us out
Currently it's only a measure of SISU's failure.
If in 5 years Wasps are selling out every home game take the premier league title and clean up in Europe will that be failure?
Of course if in five years time Wasps have gone to the wall and if by some miracle SISU haven't killed our club and they pick up the Ricoh for a quid this will be a measure of Wasps failure.
They can't wasps can veto any sale of the Higgs share.
Higgs can accept offers from who they like they are the ones selling it. The power of veto did transfer with councils sale. .
yes but a Wasps veto of an initial CCFC offer does not mean Higgs have to accepts a Wasps bid and that is the difference
They can't wasps can veto any sale of the Higgs share.
Higgs can accept offers from who they like they are the ones selling it. The power of veto did transfer with councils sale. .
The story states he has been asked to ...it does not say he has agreed to do so or even if he has it does not say he has done so willinglyWhy is the chairman stepping down then?
Given away doesn't even get close - the deal is notably worse than the one SISU put on the table two years ago.
In what way is that?
Or do you mean the deal put on the table that they eventually walked away from once it was agreed? 5.5m was agreed. Then they wanted to pay over 10 years with no proof of funds. Then it went down to 2m for an arena of no value as they are a charity and nobody else would be interested.
I have always seen all sides at fault other than Higgs. They helped our club out and always wanted to sell their share back. This could make a massive difference to my thoughts. But as things stand it is all hearsay. And those that thought that SISU were the only game in town are being the most vocal.
I am with the majority. I didn't want SISU to get the arena. They are not trustworthy at all. This does not mean that I am happy that Wasps have got a minimum of 50% of the Ricoh. None of them should have any of it. It should have been kept by ACL/CCC until our club had owners that wanted what was best for our club and not their investors. But the way that SISU have tried dealing with this situation certainly didn't help. Even those that are too thick to do their own shoelaces up knew it was foolish to keep up with the JR appeals. New stadium mentions each time everything started looking up? The whole thing has gone from being a joke to looking like a disaster.
Nope, it's also a measure of Wasps' failure to do an appropriate deal elsewhere.
So the now apparent fact that there is not a cat in hells chance of SISU purchasing a share of the Ricoh is not a measure of SISU's failure? I think you need to take them blinkers of NW. A judge stated in a court of law what their tactics were in attempting to aquire ACL. That tactic had all but failed with the summing up of the JR and Wasps rocking up in town is the final nail in the SISU tactics coffin. That's one hell of a failure clearly measured by the unavailability of a share in the Ricoh.
In what way is that?
Or do you mean the deal put on the table that they eventually walked away from once it was agreed? 5.5m was agreed. Then they wanted to pay over 10 years with no proof of funds. Then it went down to 2m for an arena of no value as they are a charity and nobody else would be interested.
I have always seen all sides at fault other than Higgs. They helped our club out and always wanted to sell their share back. This could make a massive difference to my thoughts. But as things stand it is all hearsay. And those that thought that SISU were the only game in town are being the most vocal.
I am with the majority. I didn't want SISU to get the arena. They are not trustworthy at all. This does not mean that I am happy that Wasps have got a minimum of 50% of the Ricoh. None of them should have any of it. It should have been kept by ACL/CCC until our club had owners that wanted what was best for our club and not their investors. But the way that SISU have tried dealing with this situation certainly didn't help. Even those that are too thick to do their own shoelaces up knew it was foolish to keep up with the JR appeals. New stadium mentions each time everything started looking up? The whole thing has gone from being a joke to looking like a disaster.
So the now apparent fact that there is not a cat in hells chance of SISU purchasing a share of the Ricoh is not a measure of SISU's failure? I think you need to take them blinkers of NW. Aregardless of stated in a court of law what their tactics were in attempting to aquire ACL. That tactic had all but failed with the summing up of the JR and Wasps rocking up in town is the final nail in the SISU tactics coffin. That's one hell of a failure clearly measured by the unavailability of a share in the Ricoh.
He said also, I assume that means more than one thing?So the now apparent fact that there is not a cat in hells chance of SISU purchasing a share of the Ricoh is not a measure of SISU's failure? I think you need to take them blinkers of NW. A judge stated in a court of law what their tactics were in attempting to aquire ACL. That tactic had all but failed with the summing up of the JR and Wasps rocking up in town is the final nail in the SISU tactics coffin. That's one hell of a failure clearly measured by the unavailability of a share in the Ricoh.
Hahahahahahahahahahahahahahahahahahahahaha
That has cheered me up this morning.
Hahahahahahahahahahahahahahahahahahahahaha
That has cheered me up this morning.
Have received this clarification this morning. It certainly clears up the power of veto issue. Wasps would have to agree to any sale.
"The Board of ACL, and thus its Chairman, have no say whatsoever over the sale of shares by a shareholder in the company. Shares in any company are sold by the people that own the shares. The shares in ACL are owned 50/50 by Wasps and the AEHC. The shareholders can sell their shares but each shareholder has a right to approve the purchaser of the other shareholder’s shares. ACL and its Board have no say in this at all."
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Have received this clarification this morning. It certainly clears up the power of veto issue. Wasps would have to agree to any sale.
"The Board of ACL, and thus its Chairman, have no say whatsoever over the sale of shares by a shareholder in the company. Shares in any company are sold by the people that own the shares. The shares in ACL are owned 50/50 by Wasps and the AEHC. The shareholders can sell their shares but each shareholder has a right to approve the purchaser of the other shareholder’s shares. ACL and its Board have no say in this at all."
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Have received this clarification this morning. It certainly clears up the power of veto issue. Wasps would have to agree to any sale.
"The Board of ACL, and thus its Chairman, have no say whatsoever over the sale of shares by a shareholder in the company. Shares in any company are sold by the people that own the shares. The shares in ACL are owned 50/50 by Wasps and the AEHC. The shareholders can sell their shares but each shareholder has a right to approve the purchaser of the other shareholder’s shares. ACL and its Board have no say in this at all."
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So without question the AEHC agreed to the sale of the CCC shares to Wasps knowing full well that they would have no choice but to also sell its shares to Wasps who will obviously veto the sale to anyone else.
So this "offer" of a potential sale to anyone else is just a lie because Higgs knew full well that they couldn't sell them to anyone else, even if that party puts an increased bid in.
That to me puts them squarely in line with the actions of CCC and SISU, whatever moral high ground they think they have has washed away from under their soiled feet.
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