How would the loan fit in with this?
Is this really an accurate news story or more guess work?
Surely CCFC would not get the same for what Wasps bought for £20M?
Would be nice but can't see it.
How would the loan fit in with this?
Is this really an accurate news story or more guess work?
Surely CCFC would not get the same for what Wasps bought for £20M?
Would be nice but can't see it.
Maybe the Higgs are playing fair ?
It's not guess work. Impeccable sources.
But how would it be possible?
Does ccfc ltd have that kind of cash?
If not, wouldn't any money from Otium/SBS&L going into ccfc ltd have to be split between all creditors?
Can a company in liquidation buy and sell-on assets?
It's not guess work. Impeccable sources.
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So unless I have mis-read this, there are now 30 days for Joy to fork out £2.77m for 50% share and the Wasps deal will be off???
It's not guess work. Impeccable sources.
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What the Trust have been told (by impeccable sources too) is that the Wasps deal with council is done and dusted, signed and sealed and Wasps now own 50% of ACL and CCC own noe of it but retain the freehold of the building. The two Council officers who were directors of ACL are no longer Directors of ACL. The remaining 50% belongs to the Charity and it is their to keep or to sell. The option to buy remains with CCFC Ltd but the often referred to formula no longer applies. The club can make an offer but if this is rejected by the charity they are then free to sell to whoever they like. It appears that the club has a chance to buy 50% of a stadium and I would have to assume 50% of all of its revenue for under £3m or spend 10 times that building a smaller stadium of its own. Seems like an opportunity we should be urging the club not to miss.
Unfortunately Joy Seppalla has NO BRAIN where football and CCFC are concerned, this is FACT.Hey where is everyone this is a no brainer !!!!!!!!
What the Trust have been told (by impeccable sources too) is that the Wasps deal with council is done and dusted, signed and sealed and Wasps now own 50% of ACL and CCC own noe of it but retain the freehold of the building. The two Council officers who were directors of ACL are no longer Directors of ACL. The remaining 50% belongs to the Charity and it is their to keep or to sell. The option to buy remains with CCFC Ltd but the often referred to formula no longer applies. The club can make an offer but if this is rejected by the charity they are then free to sell to whoever they like. It appears that the club has a chance to buy 50% of a stadium and I would have to assume 50% of all of its revenue for under £3m or spend 10 times that building a smaller stadium of its own. Seems like an opportunity we should be urging the club not to miss.
Hey where is everyone this is a no brainer !!!!!!!!
well they reckon they have spent 70 million since arrival , could of had this wasps deal twice overI bet SISU have spent more than £2.7 million on legal fees in the last 18 months. So spending the same amount for half the Arena shouldn't be too much hassle.
Lets see what excuses they come up with.
Where have the council bashers gone we should be uniting to put pressure on Sisu ?
It's not guess work. Impeccable sources.
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so basically , if SISU dont try for it , Then there are absolutely no more excuses , at least if they make the offer at the value asked , and are refused , then they can say they tried , if they dont try i dont see a way forward for ccfc or sisuWhat the Trust have been told (by impeccable sources too) is that the Wasps deal with council is done and dusted, signed and sealed and Wasps now own 50% of ACL and CCC own noe of it but retain the freehold of the building. The two Council officers who were directors of ACL are no longer Directors of ACL. The remaining 50% belongs to the Charity and it is their to keep or to sell. The option to buy remains with CCFC Ltd but the often referred to formula no longer applies. The club can make an offer but if this is rejected by the charity they are then free to sell to whoever they like. It appears that the club has a chance to buy 50% of a stadium and I would have to assume 50% of all of its revenue for under £3m or spend 10 times that building a smaller stadium of its own. Seems like an opportunity we should be urging the club not to miss.
But they have already agreed to sell the share to wasps and the loan repurchase was surely agreed on 100% ownership. If its 50% wasps will not buy the whole loan but hand half to sisu?
But they have already agreed to sell the share to wasps and the loan repurchase was surely agreed on 100% ownership. If its 50% wasps will not buy the whole loan but hand half to sisu?
They would still get half the Ricoh for 10m. Not too shabby I'd say.
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