shmmeee
Well-Known Member
Yeah! Of course that big guy hit you! What do you expect if you don't give him your lunch money?
FFS. Seriously?
I am not defending Sisu but everything action has a reaction, if the AEHC believed that they could sue Sisu in a court of Law and not expect Sisu to put up a fight in their own corner then they were mad.
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Yeah! Of course that big guy hit you! What do you expect if you don't give him your lunch money?
FFS. Seriously?
I don't know what your issue is shmmeee the AEHC wanted to play a game in Sisu's back yard, now if Sisu signed a contract to say they'd pay the fees then they'll win hands down in Court, however according to most Sisu never signed anything, so what are they going to say in court "Tim Fisher said he pay it" while PWKH was stood having a piss next to him the John?
You punch in that type of game expect one back and it can come back harder and quicker than you can throw..
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"Wanted to play a game in Sisu's back yard"????
Excuse me, but I could've sworn they were part owners of ACL waaay before Sisu wanted to buy the Ricoh.
Seems that Sisu came into CCC and Higgs' back yard to me.
I am not defending Sisu but everything action has a reaction, if the AEHC believed that they could sue Sisu in a court of Law and not expect Sisu to put up a fight in their own corner then they were mad.
Why would Higgs assume SISU would take them to court just because Higgs want a debt paid? ACL took SISU to court for non payment of rent and SISU didn't even bother showing up to put in a defence!
Why would Higgs assume SISU would take them to court just because Higgs want a debt paid? ACL took SISU to court for non payment of rent and SISU didn't even bother showing up to put in a defence!
They shouldn't of assumed it but they definitely should have considered it, especially with the situation as tense as it is.
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Doing a deal to sell wjile witholding information, (by the way we may be remortgaging) that may change the outcome of the deal!
Wouldnt think buying the loan would be a snap decision and done and dusted overnight without input from Higgs trustees.I think that the trustees who make the decisions at the charity aren't connected to the council who were the ones who did the buying of the loan later on in the year.
How should they have got their money back?
Look shmmeee I don't disagree with the AEHC are doing but fact is Sisu are sharks and this was a possibility.
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That doesn't excuse it.
I've always been a rapist! Shouldn't have worn a short skirt around me!
I accept what you're saying, it just comes across as fuel to fire for those that are cheering this as a great move for the club.
Would guess it moves the goalposts significantly, weakens Sisu`s bargaining power, half of ACL is the council, effectively they are their own bankers, makes it harder for sisu to get a stranglehold on everything!Why would refinancing change the deal to purchase Higgs share of ACL? There was a loan with YB, it changed to a loan with CCC (on better terms so if anything better off), how does that impact on SISU's ability to pay Higgs for their 50% share of ACL?
Or you could use this.:sarcasm:Really? Maybe I need to put in big letters when something is sarcasm in response to people trying to put words into my mouth.
I don't think anyone is 'cheering' the Club in this instance..
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Would guess it moves the goalposts significantly, weakens Sisu`s bargaining power, half of ACL is the council, effectively they are their own bankers, makes it harder for sisu to get a stranglehold on everything!
Why would refinancing change the deal to purchase Higgs share of ACL? There was a loan with YB, it changed to a loan with CCC (on better terms so if anything better off), how does that impact on SISU's ability to pay Higgs for their 50% share of ACL?
ccfc4life is. rodney is. there's been posters on here all day cheering Sisu for "smashing the council" or similar.
I know that the regulars on here, you Torch, Nick, etc. do it for balance, do it to try and add some calm into the mix. But personally I don't think that's useful. We should be angry. We need black and white, not shades of grey. They fucking thrive in shades of grey.
What they are doing is wrong, all actions that stem from this are therefore fruit of the poisoned tree.
Higgs haven't sued anyone up to this point. If you can't differentiated between CCC ACL and Higgs you obviously haven't done enough reading around this to have a sensible debate.
All that comes out in court is people's version of events. I think we've had enough of that and I'm not sure I care enough about this particular soap opera to force every tax payer in Cov to run it.
Do I want to see documents because I'm a geek interested in CCFC history? Yes. Do I think they'll tell anything other than a limited version of events? No. Do I think that any of it would help the club I love going forward? No.
All that comes out in court is people's version of events.
We know that Sisu wanted to become the mortgage holder for ACL and effectively get the interest on CCC share of the rent. But regardless if the loan with CCC was on better terms, it ultimately boils down to the share of the loaded debt on the asset they were buying - 14m vs the distressed price they were trying to get from Yorkshire bank.
Clearly the deal is FAR better if you end up with 50% of a company with a 6-7m debt, and of that debt you are collecting the interest on half of it...and that has to affect the price you would be prepared to pay.
Heck it is clear that this all backfired, but you can kinda see what they were trying to do, right or wrong.
Just reading through the reports of the JR application again. I'd love to see the claim in full.
From the Telegraph it says the plan was for Sisu to buy the mortgage at a distressed rate and "In return, the prospective deal would have seen the Sky Blues agree to an extended 125-year lease for playing at the Ricoh."
Leaving aside the whole leasehold thing. I strikes me that the council should never have gone through with this deal as it'd then give Sisu control of ACL.
Surely Sisu as the new mortgage holders could then call in the debt to ACL, which they couldn't have paid (without "state aid") leaving Sisu free to break the 125 year lease, pick up ACL for peanuts and get what they wanted for free.
Can someone poke holes in that argument for me?
If that's right, why on earth did the council ever consider it?
OK, so I used shorthand. Apologies.
AEHT, as part owners of ACL, have been involved with instigating a few legal actions of their own.
The strange thing is, you seem to prefer to have rumour, counter rumour and more decide the truth on this rather than having the facts come out in court.
Well we've only got a lesser version of that now. At least in court everything can come out and a decision is made by a judge or jury as to the outcome rather than who can yell the loudest or who has the most expensive PR people. (Who the people of Cov are indirectly paying for although it seems to be very hard to find out how much.)
The other strange thing is that people seem to be worried about what might come out in court. I can understand why anyone who has been stridently anti- any of the many sides in this dispute might be wary that their worldview is challenged, but for me, I'd rather see as much real facts & truth come out. If it damns Sisu, ACL, CCC, AEHT, Craigavon, Sphere, Arvo, Otium, any number of ancillary organisations & advisors or the myriad individual players then so be it.
Just reading through the reports of the JR application again. I'd love to see the claim in full.
Had the CCC not bailed CCFC out and built the Ricoh for them we would have had nowhere to playwhilst sisu own us i dont think they will charge themselves extorionate rent. crazy i know
if they sell us they will need to offer a good stadium deal to any would be buyer.
council have hurt us for over a decade. can sisu do any worse? not a great situation to be in
I've seen it. In fact I've got a copy as it's in the public domain. You'll have 126 paragraphs to get through spread over 41 pages.
not schizophrenic jsut cant see that both sides are to blame.
am i happy sisu are suing a charity? of course not. do i think sisu are slimeballs? yeh
but have council caused this shit too? definitely and they should take blame for this as sisu are just trying to get justice in this case.
To defend against the Charity claim of £29000 (pocket money surely to our owners) then you do not need to counter sue. All you have to do is prove there was no such agreement to pay the costs. However if you cant do that, need to put pressure on the other side and their associates you put in a huge counter claim, not saying SISU are not entitled to "counter" sue if they so wish but I get the feeling this action is part of a bigger game.
Say the Charity withdrew their claim (i do not think they will for a second) then I doubt SISU would withdraw theirs. If you think about it though it isnt a big leap to think that such an action against the Charity was inevitable and SISU can hide behind argument of Higgs sued first. The most vulnerable point financially is the Charity, they do not have lots of money to fund long expensive legal battles, embroil them in that and it puts pressure on them and their partners ACL & CCC.
All perfectly legal and part of business at its hard nosed money edge but like many, probably nearly all Coventry citizens that are aware of this action it leaves a very nasty taste all the same.
OK, so I used shorthand. Apologies.
AEHT, as part owners of ACL, have been involved with instigating a few legal actions of their own.
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