Hang on Don...I though the new railway, the Ricoh was going to make a mint and rival the NEC, they would have had no problems selling the Ricoh just stick a roof on it.....
And you were pretty adamant the charity shouldn't lose money, they've lost nearly £4m.
You're obviously very happy with this, good for you, good for you.
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There are other options than selling...
I thought that was why we'd always put a 'not for sale, especially to SISU' sign up, because there were other options?
What a wankerish thing to say !They need to
I was always adamant the charity should not get ripped off.
I they personally agree to a deal that's fine. They agreed to it.
SISU said they are worth nothing but would give them 2 million because they are a charity.
Now the are getting 3/4 of a million more.
What a wankerish thing to say !
I don't think he's of Avon valley Stock .
Another School that ended up with a headmaster type Scandal around 10 yrs back.
They offered them £5.5m if they could purchase the YB loan.
£2m offered on not buying the loan.
Wasps have bought the equivalent of the loan, but are only paying £2.77m
All parties lost the appetite to do the deal....I wonder when Wasps started sniffing around...
Lots of good points have been made by several posters yet you won't listen to any of them. Then you say that it is pointless debating with those that don't see your single point :thinking about:
Just answer one thing. If the arena is such a bad thing why do Wasps want it all?
They offered them £5.5m if they could purchase the YB loan.
£2m offered on not buying the loan.
Wasps have bought the equivalent of the loan, but are only paying £2.77m
All parties lost the appetite to do the deal....I wonder when Wasps started sniffing around...
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What do you mean by '£2m offered on not buying the loan'?
http://www.skybluestalk.co.uk/showthread.php?t=49809
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Yeah loads of them aren't there... trouble is they are only good for the council... not for CCFC.
They probably want it as it's going for next to fucking nothing, although I believe they are going to struggle to make money out of the Rugby.. will probably be compensated with other revenue streams.
Can you be more specific?
Lots of questions. The most important ATM are about the Higgs 50% and where will it be going.
Paul Harris, a trustee and board member of ACL, had earlier said he had negotiated a deal with Ms Seppala for £5.5m for the charity’s share. 1) this was the deal which was part of the road map in which sisu would buy also buy the YB debt
The court heard evidence that the charity had later pursued a separate deal for Sisu to purchase the Higgs share in ACL away from negotiations about Sisu taking on ACL’s debt from Yorkshire Bank.
Mr Harris earlier gave evidence suggesting this offer was in the region of £2m. 2) this is the deal away from the road map, where sisu didn't buy the YB loan
http://www.coventrytelegraph.net/news/coventry-news/sisu-v-higgs-court-battle-6914945
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We have had nothing but bullshit and mistruths from SISU, it's not like we'd expect anything different. But we've had just as much of that from the council. Except their actions and motives are justified apparently
I think that's actually the one that will give the clearest answer. I think Wasps have it sewn up, and there's bugger all anyone can do about it.
Who else was going to buy it?
I don't know if you missed what the JR was about and how it ended but it was SISU who made out that things have happened and it was the council defending themselves against what was being made out. I'm no expert in law so I have to accept the Judge's view that what SISU made out wasn't what actually happened.
Surely if the council were going to sell such a profitable and succesfull, "World Class" facility, then it would have been their duty to the ratepayers to publically put the sale of the leasehold up for competititve tender?
Doing a deal behind closed doors, with one party is hardly doing that is it?
I thought they did publically invite people's best offers.
Surely if the council were going to sell such a profitable and succesfull, "World Class" facility, then it would have been their duty to the ratepayers to publically put the sale of the leasehold up for competititve tender?
Doing a deal behind closed doors, with one party is hardly doing that is it?
Surely if the council were going to sell such a profitable and succesfull, "World Class" facility, then it would have been their duty to the ratepayers to publically put the sale of the leasehold up for competititve tender?
Doing a deal behind closed doors, with one party is hardly doing that is it?
Really?
When was that then?
No really a constructive point.
Please explain the majority of people's reaction if SISU build a new stadium as promised outside Coventry. After the council reject Wasps.
Some smart arse does the figures and saying no to Wasps cost the city......
So many millions say 10 million per year in revenue
So many Jobs say 200
So much profile for the city
The charity a chance to get out and recoup some money to reinvest in the city.
Regeneration around the stadium.
So much money back in the councils budget.
They can't make the decision to say no to wasps on all the evidence presented.
I don't think anyone that is criticising the council has ever said that SISU were blameless. Trying to blame the owners because the council sold out it's own city.
And Wasps aren't in Europe, eh? Well fuck my black boots, there must be some more franchise sports malarkey going on and someone's relocated Castres from the mid-Pyrenees to East Sussex, as I'm sure Wasps are playing them in the European Champions Cup fixture at the Ricoh in December....
I've always really respected your opinions and your loyal support and contribution into CCFC. I have always been in total alliance with your views and understanding on the SISU situation too, who lets face it are highly culpable in all of this, however your obvious rapid support and acceptance of this immoral franchise due to your historical rugby affiliations is disappointing if not demoralising. We all know who is to blame for this shit but to turn turtle on the Coventry teams is traitorous to say the least !Look, let's not be disingenuous, it's not 'world class' now. However, run by the right people, as a rugby venue at club level, it could be.
No other football team would reasonably move in as anchor tenant; and when I mentioned a rugby team using it last year; there were hoot of derision and cackles of delight. across this board in response.
ACL has been doing 'okay'; it's accounts tell us that - but the Ricoh is a preposterous embarrassment without a sporting team using it; and against that backdrop the council have sold to a rrespected, high-profile organisation that will bring supporters into the city, raise the profile internationally, and divested their interest as a decent price point given the reprehensible recent behaviour of the football club's owners.
That's it. Time now to turn your unique poison in the direction of the organisation that repeatedly blew it's option on the stadium, surely?
Look, let's not be disingenuous, it's not 'world class' now. However, run by the right people, as a rugby venue at club level, it could be.
No other football team would reasonably move in as anchor tenant; and when I mentioned a rugby team using it last year; there were hoot of derision and cackles of delight. across this board in response.
ACL has been doing 'okay'; it's accounts tell us that - but the Ricoh is a preposterous embarrassment without a sporting team using it; and against that backdrop the council have sold to a rrespected, high-profile organisation that will bring supporters into the city, raise the profile internationally, and divested their interest as a decent price point given the reprehensible recent behaviour of the football club's owners.
That's it. Time now to turn your unique poison in the direction of the organisation that repeatedly blew it's option on the stadium, surely?
Fellow egg chasing fan. I hate to point out that that European Competition is for the bridesmaids, the real one the European Rugby Champions Cup is played by the proper teams. I will let you know what its like, and the Saints send their love
I acknowledge that; as equally you'll acknowledge a French team from the Pyrenees do count as 'European' opposition! You enjoy your time with Cockers and his mates; as long as he's still there...
The reason why "World Class" was in quotes because it is a description used by many to describe the Arena.
The Wasps offer is no better, in fact looks worse than the one that Sisu made for 50% of ACL before all the court cases and move to Northampton.
Have the council, with the sale to a Rugby Club from well outside the local area, that will impinge on already well established local sporting clubs, that hasn't got enough fans to make ends meet where it currently is(much, much closer to it's traditional fanbase than it will be in Coventry), fully carried out it's social and fiduciary responsibilities?
Not in the slightest.
The reason why "World Class" was in quotes because it is a description used by many to describe the Arena.
The Wasps offer is no better, in fact looks worse than the one that Sisu made for 50% of ACL before all the court cases and move to Northampton.
Have the council, with the sale to a Rugby Club from well outside the local area, that will impinge on already well established local sporting clubs, that hasn't got enough fans to make ends meet where it currently is(much, much closer to it's traditional fanbase than it will be in Coventry), fully carried out it's social and fiduciary responsibilities?
Not in the slightest.
OK, just a couple of points.
First and foremost what regeneration around the stadium? have you a source? as I am yet to hear of the proposals.
Where do you base 10 million a year revenue from?
How will Wasps moving in create 200 jobs?
As I see it, its a disgrace that the ground was never purchased by SISU.
I also feel that its strange that those who said ACL is such a viable buisness when the club left, have suddently claimed the Council had no option but to sell. Why if it was a profitable business?
I also think its hypocricy in the extreme by the Council to sell to a club that is moving miles from its base, when it regularly entered the press to call for CCFC to come home when we moved to Northampton as the Club belonged in its 'home' city (as it should bloody well be) and also sued Northampton over it allowing CCFC to move there.
I know people will disagree, but I cant understand this sudden acceptance that high profile (not that high) Wasps are going to make a difference to the Ricoh and the City. They are pretty poorly supported as it is, and I can see there crowds quickly dwindle as the novelty wears off, watching another mid to lower league team, just in a different sport.
Whilst I cant wait to see the back of SISU I also cant understand the desire of some on the site to see Wasps take over the club, as already despising and being highly suspicious of secretive owners that are prepared to move the club from its home base, why would we want another who have done exactly the same?
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