sky blue john
Well-Known Member
Some are saying which i also thought was a possible solution and that is to purchase Acl. But that doesn't automatically gurantee an income ?
spot on, this is the only thing that makes sense to me as a means to SISU getting their money back. pick up the freehold for well below market value, load as much debt as possible against the freehold. use that money to pay off the clubs 'debt' to SISU and then just walk away or stop paying the bills and wait for us to go into admin. the worry then would be what happens to that debt, if it's tied in anyway to CCFC we have problems for decades to come.
But do they? They ask for a price based on independant valuation - if they pay that, it won't be peanuts.
Some are saying which i also thought was a possible solution and that is to purchase Acl. But that doesn't automatically gurantee an income ?
Is that normal? You know about this stuff more than me. How usual is it for a company to demand an independent valuation of something that isn't "for sale" before making a bid? Particularly through the press.
It's the only thing that would apart from selling off the development land (which I would ask: if that's so easy, why haven't CCC done it already?).
I was always of the understanding that the council is funded by council tax which I pay so yes it is my money
Is that normal? You know about this stuff more than me. How usual is it for a company to demand an independent valuation of something that isn't "for sale" before making a bid? Particularly through the press.
I was always of the understanding that the council is funded by council tax which I pay so yes it is my money
This is exactly what im thinking. Its the only way they'll get some of their money back.
Ccfc will be shafted for decades.
would getting an indepentant valuation make any difference to the court case against the council if the valuation is less than the 14million the council loaned ACL ?
Yes, because its all been plain sailing for the last 20 years!
Why should there be an independent valutation? That doesn't happen in 99.999999999999999999999999999% of business tramnsactions, why now? Becase Joy's a spoilt little bitch looking for a bargain?
I do love the statement. "We generally try to avoid tit-for-tat press releases and hadn’t intended to respond to the statement rushed out by Cllr Lucas following the demonstration by fans outside the council house."
"We don't do spin. Oh btw, here's some spin"
If that CCC statement was a response to the piss-poor protest the other week, then perhaps Joy's interview with Reid was a response to NOPM?
I think it was a suggestion made some times ago, that both parties should appoint their own choice of independant valuators and that a price could be agreed as the average of the two.
But again - if CCC are not interested in selling to the club under sisu ownership, then that's their choice and we should be told clearly. Then it will be up to sisu if they will build a new stadium and if so we should expect the CCC to fully support that decision.
i am not saying there should be just asking a question if a valuation was done and its less than the loan the council made would it effect the court case?
I was always of the understanding that the council is funded by council tax which I pay so yes it is my money
Something I believe hasn't been done so far Godiva.
SISU mentioned the independent valuator in their statement, reading between the lines it sounds like if CCC get a price SISU maybe willing to meet it, I agree with the idea mentioned earlier in your post, I call it 'Location, Location, Location Style Valuation' get two independent valuator's and using the two prices determine a fair average as a selling price.
Not quite. The council is funded partly by council tax payers (something of the order of 15% - 20%) with the rest coming from the government from general taxation, so I also have an interest as a general tax payer.
So it's my money as well.
I don't see why CCC would pay for an independent valuation on something they have not expressed a desire to sell?
Joy could have replied to Ann's statement by writing to her privately, arranging a meeting with no preconditions and then come out of the meeting with a joint statement whereby both sides confirm what they have agreed or not agreed. Then we would all know where we stand and in which direction CCFC is going. So this release is unprofessional and a blatant propaganda attempt to redress the damage caused by NOPM and Ann Lucas' statement which shows SISU in a bad light. It only annoys the council. With a joint statement we would know if a valuation was even necessary before discussing it. We don't need these tit for tat statements, we need professional and courteous discussions. A better opening move would have been to drop the JR.
Well, they certainly had the "desire" in the past, haven't they? If they don't want to sell to SISU then at least we can all move on. SISU can build their stadium and CCC will have their own sports arena.
I think SISU should be the ones bending over backwards to get the meeting in place for the Ricoh in my opinion because as it stands CCC/ACL have nothing to do with the club. So if they feel they need an independent valuation that is fine, but I dont see why CCC need one.
Well, they've done what many on here were clamouring for, they've made the first move. They've asked for a meeting. Let's see how the Council respond. If the Council say "no deal with SISU" then come out and be honest and say it. And I also agree in the statement that Lucas should clarify why she rejected the CVA.
I don't see why CCC would pay for an independent valuation on something they have not expressed a desire to sell?
Why should CCC make the first move?? Coventry City FC no longer have anything to do with them am I wrong?
The problem is when it gets that petty then there is a real danger that nothing will happen as no one wants to blink first. Obviously you're all for ACL/CCC fair enough, I get that. Personally, I don't care who blinks first as long as a deal can be negotiated. In ten, twenty, fifty years time, will it matter as long as a deal was made and Coventry City are back playing where they belong? Not for me.
The problem is when it gets that petty then there is a real danger that nothing will happen as no one wants to blink first. Obviously you're all for ACL/CCC fair enough, I get that. Personally, I don't care who blinks first as long as a deal can be negotiated. In ten, twenty, fifty years time, will it matter as long as a deal was made and Coventry City are back playing where they belong? Not for me.
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