Probably one of the shareholders (I hazard the guess it's not AEHC).
And do we know who this third party is?
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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Thanks Simon, who did this clarification come from?
He's hardly going to say is he?
Still it stops people like you believing they have any choice who to sell to.
The question still remains why ask Robinson to leave? Surely his position becomes redundant when the take over of 100% is complete? (Not sure) I assume ACL as a business will not exist when wasps get all 100%.
It has become clearer now. The council and Higgs are fucking over the club but I can't help but think it's the owners who have their back up. The Ricoh has been up for sale since day 1 and to any other owners in most part anyway would of got it. All as bad as each other.
I hope there is a twist in the tale still but looks all but over. I don't understand how we get ourselves out of this mess of we don't get 50%. (Please no one say a new stadium)
The question still remains why ask Robinson to leave? Surely his position becomes redundant when the take over of 100% is complete? (Not sure) I assume ACL as a business will not exist when wasps get all 100%.
It has become clearer now. The council and Higgs are fucking over the club but I can't help but think it's the owners who have their back up. The Ricoh has been up for sale since day 1 and to any other owners in most part anyway would of got it. All as bad as each other.
I hope there is a twist in the tale still but looks all but over. I don't understand how we get ourselves out of this mess of we don't get 50%. (Please no one say a new stadium)
He's hardly going to say is he?
Still it stops people like you believing they have any choice who to sell to.
Sisu failed over the last how ever many years in purchasing the Higgs shares. Instead they acted as incompetent and untrustworthy business people.
They missed the boat. Do I feel sorry for them?...no
Do I feel ccfc as a club have missed out?...yes
Sisu have put us in a terrible situation out of their own greed and childish petulance.
Let him speak for himself.
They have a choice, they want to sell to Wasps.
I thought the citizens of Coventry would be outraged at a hedge fund fucking over a children's charity.
Apparantly not.
It's the council sale that has forced the issue and we now know under the terms of the shareholder agreement the council would almost certainly have blocked a sale.
They can't sell to anyone else can they?
Nah, with the hypocrites on here - they're not hard to find - there are hedge funds and there are hedge funds.
... or huge mortgage payments on a stadium so far out of town that the only revenue is 23 matches a year.
People need to wake up and smell the coffee.
Says the man who was bleating for months about having had enough and how you were jacking it in, every month.
How fucking ironic can you get.
Not to mention that people are now saying, well SISU should have got in there first and that its there fault Wasps beat them to do it. After years of previously saying SISU must never get the Ricoh
They did not have to sell.
If they did not want Wasps to buy from the Council they could have used their veto.
We almost now certainly know that the council would have sold to anyone capable of responsible negotiation.
I don't agree with the sale to Wasps, but you and your ilk have encouraged this.
Nah, with the hypocrites on here - they're not hard to find - there are hedge funds and there are hedge funds.
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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Coming from the man who with his mates were happy for City to play in Northampton for 4 years and then move out of the City away from the monstrous white Elephant in Coventry. That was worthless because no one else wanted it.
So because Sisu plan didn't work it is now blame everyone else.
Don't get me wrong didn't want Wasps here but just like the rest of the shit that has happened had no say in it.
It is a shame that our owners never got the fans on there side as things would have been different, Funny but hey they soon came running to us to help them when they realised they had fucked up, asked us for help and advise and still ignored everything we told them.
The future really is bleak. SISUs exit looks less likely than ever. We have never been a less attractive proposition for a stupid rich person to chuck their money at. Club is just about viable treading water in the bottom two leagues, but as we have seen, we cannot balance the books in the 2nd tier even with gates of 20K every week. Promotion is viable with some good management, but that's about our limit now I think.
You've answered your own question.
100% was agreed on day one - only a blind man would have not seen it. Astute still says they own 50%!
Transfer will happen this week and I assume a new board has all biit been appointed.
no, I haven't forgotten who you are
Of course.
Then I'm sure a few behind closed doors conversations would have taken place.
If you genuinely believe that you are beyond help I'm afraid.
What would be said in these conversations?
There is nothing at all to support your conspiracy theory that Higgs are being forced to sell against their wishes.
No, I wasn't HAPPY and never said I was - more bullshit from "let's all sing together" - always makes me laugh that. I was PREPARED to watch my team for four years though. There's a big difference.
Fuck me I am full of Bullshit read your posts.
You are still defending them, and blaming everyone else.
Higgs at fault
CCC at fault
Fans at fault
Wasps at fault
But poor old Sisu have been stitched up.
Bloody hell Torch, you really have hit rock bottom. What an idiotic and crass thing to say
Everything seems to be getting in place so some can blame CCC and Higgs for what is happening and to make SISU look the innocent party in it all by a few.
SISU have fucked up. CCC have fucked up. And if Higgs end up selling to Wasps they will have fucked up as well. Thanks Joy. Hope you enjoy church on Sunday.
corrupt council
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