ajsccfc
Well-Known Member
This is what I was expecting yeah. I think it's just one of those things where it's shit to have it confirmed, like Sisu winning the bid under the guise of Otium.
Wonder what the difference was in the 2 bids. To be fair we knew what would happen from the start didn't we?
Any idea why it was rejected?
That's not the real question, is it? Once Wasps exercised any control over the situation, it was always going to head one way. But, as I've asked above, why didn't SISU bid the 'first refusal' sum of £2.77m some time ago - long before Wasps were on the scene, and there were two offers to deliberate? Wilson money = Higgs share?!?
Why is wrong with ? "We need to move on and build our own ground and make sure sisu actually do it."
That we never EVER EVER EVER EVER EVER EVER will.
and that fault lies with sisu.... quite simple
Partly.
If the council genuinely believed SISU should never own the Ricoh under any circumstances then why couldn't they hold onto it, SISU won't be here for ever, they could have held onto it until a suitable owner of the club came along.
I don't think SISU ever expected it to be accepted, maybe they have a real plan?
I don't think 7 years ago the deal that Wasps got was ever on the table....
Sisu tried to shaft the Higgs with court action, served them right...
What happens next wasps buy us from Sisu?
Yes I think so, they are the 2 options. 'Selling' would only mean transferring the debt to new owners but that must come at a cost to SISU and it may be that liquidation suits them more?
Partly.
If the council genuinely believed SISU should never own the Ricoh under any circumstances then why couldn't they hold onto it, SISU won't be here for ever, they could have held onto it until a suitable owner of the club came along.
So who was backing Random?As i've said time and time again, I think sisu are and have always been dreadful owners. I don't only see things in black and white like you.
It's funny that those who are the most anti-sisu were the ones shouting down anyone who dared to criticise Ranson.
Oh fuck off, partly? you could at least say mostly. they had years to purchase the ricoh but they didnt. they used it as a weapon to shaft ACL and it didnt work.
if sisu in 2007 had purchased the ricoh then we wouldn't be here would we? instead they have ruined this club. attendances at an all time low. were in league 1 and could be heading for league 2. and you say they are partly to blame? i am amazed!
Oh fuck off, partly? you could at least say mostly. they had years to purchase the ricoh but they didnt. they used it as a weapon to shaft ACL and it didnt work.
if sisu in 2007 had purchased the ricoh then we wouldn't be here would we? instead they have ruined this club. attendances at an all time low. were in league 1 and could be heading for league 2. and you say they are partly to blame? i am amazed!
One of the better responses of the day; I think.
My head is spinning with all this right now; so can anyone remind me - if the company in administration had the first option on this share, why didn't it exercise this option before Wasps came along?
If the answer is obvious, please forgive me; there's too many twists and turns for me to exactly recall them all.....
That's not the real question, is it? Once Wasps exercised any control over the situation, it was always going to head one way. But, as I've asked above, why didn't SISU bid the 'first refusal' sum of £2.77m some time ago - long before Wasps were on the scene, and there were two offers to deliberate? Wilson money = Higgs share?!?
I wouldn't want to speak for or defend SISU, but the truth is that there never was a 'first refusal' offer for ACL until Wasps came onto the scene.
When CCFC returned from Northampton all of the talk was about rebuilding trust, there was no talk about inviting offers from anyone for 100% of ACL (plus 250 years) for £5.4m and a million off the mortgage - that only came out once the deal was done.
Once the deal was done AEHC had to make the offer available to CCFC Ltd as a legal requirement, I don't think anyone here believes that there was ever any sincere intention to sell to SISU.
I've always stood up for the Higgs Trust here. I thought the one thing that was given, was that a charity shouldn't be penalised for helping CCFC out of a massive hole when the Ricoh was first built. However, imho, they've gone from supporting the club to doing exactly the opposite. I understand that they don't like SISU, who does, but selling the club down the road forever doesn't, to me at least, align with their previous long-term objective of supporting the club in the city.
As far as I'm concerned, NOPM is still in action - but now it's against Wasps (and indirectly I suppose, Higgs). The sooner Wasps fail the better, and if that means less for the Higgs Trust too, tough. They've made their choice, and they'll have to live with it.
I wouldn't want to speak for or defend SISU, but the truth is that there never was a 'first refusal' offer for ACL until Wasps came onto the scene.
When CCFC returned from Northampton all of the talk was about rebuilding trust, there was no talk about inviting offers from anyone for 100% of ACL (plus 250 years) for £5.4m and a million off the mortgage - that only came out once the deal was done.
Once the deal was done AEHC had to make the offer available to CCFC Ltd as a legal requirement, I don't think anyone here believes that there was ever any sincere intention to sell to SISU.
I've always stood up for the Higgs Trust here. I thought the one thing that was given, was that a charity shouldn't be penalised for helping CCFC out of a massive hole when the Ricoh was first built. However, imho, they've gone from supporting the club to doing exactly the opposite. I understand that they don't like SISU, who does, but selling the club down the road forever doesn't, to me at least, align with their previous long-term objective of supporting the club in the city.
As far as I'm concerned, NOPM is still in action - but now it's against Wasps (and indirectly I suppose, Higgs). The sooner Wasps fail the better, and if that means less for the Higgs Trust too, tough. They've made their choice, and they'll have to live with it.
I wouldn't want to speak for or defend SISU, but the truth is that there never was a 'first refusal' offer for ACL until Wasps came onto the scene.
When CCFC returned from Northampton all of the talk was about rebuilding trust, there was no talk about inviting offers from anyone for 100% of ACL (plus 250 years) for £5.4m and a million off the mortgage - that only came out once the deal was done.
Once the deal was done AEHC had to make the offer available to CCFC Ltd as a legal requirement, I don't think anyone here believes that there was ever any sincere intention to sell to SISU.
I've always stood up for the Higgs Trust here. I thought the one thing that was given, was that a charity shouldn't be penalised for helping CCFC out of a massive hole when the Ricoh was first built. However, imho, they've gone from supporting the club to doing exactly the opposite. I understand that they don't like SISU, who does, but selling the club down the road forever doesn't, to me at least, align with their previous long-term objective of supporting the club in the city.
As far as I'm concerned, NOPM is still in action - but now it's against Wasps (and indirectly I suppose, Higgs). The sooner Wasps fail the better, and if that means less for the Higgs Trust too, tough. They've made their choice, and they'll have to live with it.
I wouldn't want to speak for or defend SISU, but the truth is that there never was a 'first refusal' offer for ACL until Wasps came onto the scene.
When CCFC returned from Northampton all of the talk was about rebuilding trust, there was no talk about inviting offers from anyone for 100% of ACL (plus 250 years) for £5.4m and a million off the mortgage - that only came out once the deal was done.
Once the deal was done AEHC had to make the offer available to CCFC Ltd as a legal requirement, I don't think anyone here believes that there was ever any sincere intention to sell to SISU.
I've always stood up for the Higgs Trust here. I thought the one thing that was given, was that a charity shouldn't be penalised for helping CCFC out of a massive hole when the Ricoh was first built. However, imho, they've gone from supporting the club to doing exactly the opposite. I understand that they don't like SISU, who does, but selling the club down the road forever doesn't, to me at least, align with their previous long-term objective of supporting the club in the city.
As far as I'm concerned, NOPM is still in action - but now it's against Wasps (and indirectly I suppose, Higgs). The sooner Wasps fail the better, and if that means less for the Higgs Trust too, tough. They've made their choice, and they'll have to live with it.
The problem is I don'tthink wasps will fail, I think they will drag in crowds of over 10,000 on a fairly regular basis plus unlike CCFC they have access to all the revenue streams.
The problem is I don'tthink wasps will fail, I think they will drag in crowds of over 10,000 on a fairly regular basis plus unlike CCFC they have access to all the revenue streams.
Why does it signal that? Why is our position now significantly different to that Swansea City have flourished under at the Liberty Stadium?
The offer wasn't there in 2007 - the offer was for half at a formula price of some £7 million. Even if the council had prepared to sell it would have been £14 million. On top of that. &24 million for f and b revenues and also liability on the bank loan.
All that for a 45 year lease.
Bargain
Swansea are part owners of the stadium management company so get access to revenue. We are matchday on tenants with no/little access to revenue.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
What!! You've had meetings with Sisu? Why have you never mentioned it before?So who was backing Random?
As for black and white you need to get out of your sickbed and look closely at our owners.
I have been to many meeting with sisu.
Every time they would complain NO ONE will speak to us?
They did not even try? Why.
Could go on all day with the bullshit we were feed at these meetings but hey you wouldn't believe it so just keep clutching them straws they may actually get it right one day.
Don't they own 25% of the management company, pay little rent, and contribute £1M to maintenance?
I believe they own 33%. I have no idea about the maintenance. Unless you have a linky.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
TBF I wish I hadn't could have joined in with the blinkered view of the rest of you.What!! You've had meetings with Sisu? Why have you never mentioned it before?
What!! You've had meetings with Sisu? Why have you never mentioned it before?
I think Nick wanted it kept quiet.......
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