When they came here it was spun as them goodies and us baddies. Our own fans group joined in.
same old lines ..... i know it is hard for them to say otherwise ........ but no one really thinks the argument stands up to scrutiny
Can someone list the reasons why CCFC and Otium are not the same thing other than trading name being different?
For the avoidance of doubt, the shareholder drives the legal process and instructs legal counsel. The Club does not make any decision on the court proceedings nor does it pay any legal costs.
Always been the case though, hasn't it. The problem is it's never been black and white anyway (nothing ever is, tbf).
Anyway, sonme scattered thoughts at the end of a lunch hour.
FWIW I don't believe that:
- A deal won't be agreed and, if not;
- The club won't be allowed by the league to go elsewhere, at least temporarily, if the alternative is closure.
As another aside, I wouldn't close the door completely on the Butts deal being revived at some stage, even if just as a temporary ground akin to Brighton's Withdean. Reading between the lines, it was political pressure from CCC which closed that off but, if the alternative is the club closes, I'd expect there to be *some* kind of relenting. The major concern that stops that being an option is that, for better or worse (we've done the deal to death, so let's focus on the consequences), by selling the Ricoh to Wasps, CCC *have* to buy into them succeeding. Forget SISU for a moment (yeah yeah, I know) and that potentially hampers alternative arrangements under a new, nicer, more temperate owner.
Nonetheless, an extreme event can focus minds if need be!
The only caveat I have to this is that who, really, thought it'd get as far as us actually playing at Northampton? Until we ran out for the first game, surely all of us thought in soome way, shape or form, an eleventh hour deal would have been made?
I'd think the more likely scenario would be a couple of temporary stands for a couple of years, and then the Rugby club could carry on with its own business once this all settles, with (hopefully!) a bit of extra cash it wasn't anticipating.If all of this ends up with us in a nice little 20k seater at the Butts then happy days. If only...
That's like me hoping for news about this week's cricket test match.
I'm amazed at the Wasps figures, they're not even a respondent to the claim as such are they?according to CWR the council have spent £619K on JR 1 and £324K on JR 2 so far
Add to that Wasps have spent £500k so far
always knew i should have been a lawyer not an accountant !
playing devils advocate for a minute...............
We get to March and the legals are on going possibly for no other reason than lack of court time. SISU confirm they will not withdraw the court action by SBS&L, ARVO & Otium. The CCFC/Otium cannot give the required notice of home ground for 2019/20 season to the EFL. There are no other options in the region acceptable to EFL and the fans of CCFC are unlikely to travel in sufficient numbers to make out of Coventry viable. CCFC teetering on the brink of extinction. Wasps at last moment offer a day rent on a game by game basis that equates to £1m per annum with no F&B access but undisclosed as to the amount due NDA. Without funds from the owners CCFC can not really afford it, players would have to be sold making the playing squad weaker and survival in the division unlikely, finances are squeezed. EFL are happy for one season at least and favour the deal. Wasps by making the offer gain positive not negative PR. Legal action continues.It can all be spun as SISU's fault. CCFC crashes and burns, crowds down, poor results, no money
maybe but............ So just to illustrate ...
once it is done and couple months it wont register. Just to be clear they wont be kicking CCFC out, the agreement simply ends which gives Wasps some PR of their own to play with and can emphasise the SISU role. There will be a lot of other football clubs who will simply say good riddance
Sponsors in the rugby world or the events world will still sponsor because they know the outrage will die down and many are already locked in. In fact some might be sympathetic and like the strong approach taken.
There are plenty of football teams with precarious finances and losses that attract players, it wont affect a players decision, players tend to be quite mercenary
I doubt the backer will withdraw from Wasps because CCFC go bust
Locally so far opinion is split. It might heal if CCFC go bust but Wasps etc will still be trading CCFC wont and can influence PR etc
Whatever happens it will be a mess, both teams will be hit, but Wasps will still be around, CCFC likely not
Yes the share holder instructs legal counsel and drives the legal case which includes doing it on behalf of Otium Entertainment Group. It is just playing with words. There are only three legal entities taking the legal action ARVO, SBS&L and Otium. Otium is an active trading company not a shell.
The reason it is worded like that is to try to create a separation between a trading name (CCFC) and a legal entity (Otium). It is not aimed at convincing Wasps but at convincing the fans because it might put fans pressure on Wasps.
Just confirms that the shareholder is acting as a person of significant control and that the company is used to following that persons instructions in all company matters.
Fact is
SBS&L as per companies house
View attachment 11033
Otium Entertainment as per companies house.
View attachment 11034
That makes it a bit difficult to separate them legally.
Isn't that exactly the point they are making. It is Sepalla and SISU that are making these decisions. Those actively running the football club have no say.Yes the share holder instructs legal counsel and drives the legal case which includes doing it on behalf of Otium Entertainment Group. It is just playing with words. There are only three legal entities taking the legal action ARVO, SBS&L and Otium. Otium is an active trading company not a shell.
Isn't that exactly the point they are making. It is Sepalla and SISU that are making these decisions. Those actively running the football club have no say.
That's what makes it such a nonsense for Wasps to tell Boddy to drop the legals, he simply can't.
If they weren't separate there wouldn't be a need for significant control statements would there?
Missing the point. Legally the statement on companies house connects them, therefore legally it’s hard to say that they’re separate. That’s before you even go into who’s names actually appear on the court papers. It’s not SISU yet the club issues a statement saying that it’s not the club (that does appear on the statement) it’s the owners (who don’t appear on the statement but are listed on companies house as being the entity with significant control). Legally it’s the club and Arvo who is taking out the legal action.
If they were the same thing there wouldn't need to be a connection.
The club are saying this is being forced by the shareholders (SISU) who like you say have significant control.
I never said that they were the same thing. I said legally they are connected. The paper trail confirms that. The clubs statement is trying to separate them but legally that isn’t possible.
Of course they are "connected". They always have been?
So you’re disagreeing with me by agreeing with me then. Ok
I meant short term for WaspsIt doesn't really make much sense short term. Especially not for £30 million.
You should be out with your high viz vest on protesting.I'll save a fortune in petrol money if we go pop, every cloud and all.
Protests should be directed at Wasps as they are the weakest link and bad publicity would effect them more than SISU who don't appear to worry about adverse publicity. Should Wasps agree to negotiate a new deal, they would appear to be the good guys (shudder at the thought ) and would benefit from favourable publicity and present them with an excellent PR opportunity. Whatever we, as supporters do in protest against SISU will not bother them in the slightest. They have already proved they don't give a f**k.
I don't have a high viz, no spare bedsheet either. Any suggestions?You should be out with your high viz vest on protesting.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?