skybluetony176
Well-Known Member
I was asking you though. You apparently seem to know.
I did, that's why I was referring to the £2m rather than the £0.
You can ask Italia his business arrangementIt has been mentioned a few times on here.
Act of disloyalty to Coventry? I assume then you are just as appalled with the council for moving a London club to Coventry? In the interests of fairness. And of not being called a hypocrite? That's not slagging ccc just stating the obvious.
And if you care to go over my posts from the last 18 months or so, you will see I also blame CCC for our situation. Regarding Disloyalty to the City of Coventry, I stand behind that 100%. SISU took CCFC to Northampton, quite a while before Wasps came on the scene. They had numerous opportunities to sit down and talk about "Buying into the Ricoh" but refused(Only thing on SISU's mind was get something for nothing, or as near as) I didn't want Wasps in Coventry, but where would our Football Club be now if Wasps didn't offer us a rent at a massive discount to what we were paying to CCC? I'm saying that, to quote you.. In the interests of fairness.
1. Wasps were interested and on the scene before sixfields.
2. The rent was agreed with ACL before Wasps bought it wasn't it?
So if Wasps were on the scene when you claim are you saying that they had no input to the deal that took us back home to Coventry? Not exactly on the scene if they didn't surely?
Yes it was a couple of years later and things had changed.
Did Wasps pay Higgs at least £3.5m for their share? I know there is the addon about ticket sales also.
No but you know that. But then again neither SISU nor Wasps made an offer based on a formula included in the original agreement either.
They paid 2.77m or in total £5.54m ........ using your £2m value that made ACL worth £4m ....... so Wasps were prepared to pay significantly more than SISU were prepared to pay in 2012.
The value changed Nick and at least part of the change was initiated by the actions of SISU
They could have been on the scene but then not owners.
Unless they had already bought it and it wasn't announced
They could well have made it a demand CCFC came back.
1. Wasps were interested and on the scene before sixfields.
2. The rent was agreed with ACL before Wasps bought it wasn't it?
So they could have had input into our return then like SBK claimed?
http://www.standard.co.uk/sport/rug...-coventry-stadium-plan-for-wasps-9769264.html .........................CCFC prepaired to play there first home game in Northampton on Sunday 11th August 2013. Take a look at the date when Wasps first showed interest. It is in my link... Now tell me I'm wrong Nick!
Justice Treacy asks for evidence to show Wasps was in the wings at the time of the loan.
Sisu QC says the document with reference to this was from March 2012.
Council QC admits he may have been overdoing it to say it was “in the wings”, “but certainly it had been mentioned”.
Pointless argument though isnt it. There never was any deal at £2m. The valuations gave different figures and the actual value that counts is what was actually paid. Value in 2012 was never going to be the same as in 2014
I am also not sure how this has very much relevance to the reasons Ms Deering has been appointed director recently
In any case a lot happened between 2012 and 2014 that affected the value of the ACL shares and therefore the two "values" are not linked
If "Big Dave" was working with SISU, let's say for example he owned a hotel and 70 - 80% of his business was done via SISU.
Does average Dave the Rugger fan get stick? Certainly not off me.
This is a fuss about nothing isn't it. Don't see it of a sign of impending doom - well not anymore doom than their usually is. Would be more concerned if anyone connected to SISU and their associates were rushing to get their names removed.
Isn't the point less to do with what was or wasn't accepted and more that people on here, in the CT etc were outraged that SISU offered £2m, comments about Higgs being a charity, think of the children etc, yet when Wasps came along and paid not a great deal more to Higgs it was a fantastic deal that went unquestioned.
I don't work with SISU, own a hotel or like rugby
They couldn't have "offered us rent at a low price" no.
Well they could have, if they had bought it and were running it before they were announced. I guess officially they couldn't
They were on the scene and interested weren't they? Different from owning it completelySo they wasn't on the scene then?
A statement made by Coventry City football club this afternoon said: “This morning the liquidator’s offer for a stake in the Ricoh Arena company, was turned down by the Alan Edward Higgs Charity.
“Naturally, the club are extremely disappointed. Our proposal was for a far-reaching partnership with the Higgs Charity to work together on community projects. Our offer was a unique opportunity to meet the twin objectives of the Club and the charity, using the power of football and sport in creating community cohesion and for the benefit of the whole Coventry community.
“Despite the fact that access to critical documentation was denied, the liquidator’s offer for the charity’s 50% stake in the Ricoh Arena was generous – around £2.8 million."
Like I said, almost identical offer to wasps' but with proviso of wanting "Critical documentation" which could be used in the JR/'s
But then they didn't offer £1.5 more to Higgs, that would have been £1.5m for everything. I was only comparing difference on the 50% so yes it would be £1.5m in total for the whole of ACL.
They were on the scene and interested weren't they? Different from owning it completely
They were on the scene and interested weren't they? Different from owning it completely
Or perhaps they wanted to ensure they were getting the same deal as Wasps? Not being taken to the cleaners? Or is that what people want? The club to pay more than Wasps because of SISU? Couldn't make it up!
Or perhaps they wanted to ensure they were getting the same deal as Wasps? Not being taken to the cleaners? Or is that what people want? The club to pay more than Wasps because of SISU? Couldn't make it up!
Like I said, almost identical offer to wasps' but with proviso of wanting "Critical documentation" which could be used in the JR/'s
How do we know the Wasps offer was not with provisos?
Not going to argue with you mate. If SISU had made the same offer as Wasps without the proviso's, then I'd be as mad as the next man. So don't twist my words . Ok?
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