CDK
Well-Known Member
That sums up my thoughts,also do sisu now move out again, negotiate,wait for kings takeover.All sorts of scenarios there in the meantime the staff,players and us fans have to deal with the fallout.Hate all this off field shit.
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- Thread starter jordan210
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No one is applauding that possibility, it’s just let’s face it our current owners have form for being a bunch of lying cunts. I’d just like to know the truth because I’m not sure those statements are clear enough.
Surely SISU knew they would have to sign a new lease with the new owners. Surely everything gone before is null and void.
I cannot believe the council did not get in place a covenant of sorts on the sale of the new lease to protect CCFC but then we know what a shambles those morons are too.
David O'Day
Well-Known Member
they'll be played at the current stadium, we have no interest in moving and they have not interest in evicting us
That ordinarily makes sense but this is Cov City
David O'Day
Well-Known Member
Paul Anthony
Well-Known Member
This remind sme of the final scene in Zulu , where Michael Cane is shouting at the Zulus " what are you waiting for , COME ON !!!! " and the South African Boer says " Haven't you had enough, It's over were dead "
City fans to sisu
So, if we break out in a rousing rendition of "Men of Harlech", it'll all be fine???
shepardo01
Well-Known Member
They had a choice and the power to.
As freeholders they could have seen the sublease transferred "as is"
Looks like they chose not to
Nor you Mr G !
Nor you Mr G !
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Deleted member 5849
Guest
But it's not a sublease, apparently, it's a license. If we'd all noticed that earlier, it seems we'd have all been having very different conversations!
shepardo01
Well-Known Member
Whatever it is, the council had the power to ensure it was transferred....
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Deleted member 5849
Guest
Did they? I don't know the answer to that, I suspect you don't either as you're confusing sub-lease and license...
olderskyblue
Well-Known Member
Yeah, but at least it seems the frothing at the mouth has subsided mostly now…
fernandopartridge
Well-Known Member
The designs on owning it are no reason not to have signed the deal, it's amateurish to put your eggs in one basket like that
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Deleted member 5849
Guest
You think?!?Yeah, but at least it seems the frothing at the mouth has subsided mostly now…
They could have called in headlease for WASPs default
skybluetony176
Well-Known Member
They couldn’t force SISU to sign the “mirrored” arrangement at gunpoint though. If SISU did decline that opportunity it’s on them.
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Deleted member 5849
Guest
And then it turns out that we'd have had nowhere to play anyway, until the mess that made was sorted out (You'd hope that could be done quickly, but I suspect otherwise!), and the poor bondholders would have lost more cash, and the local authority would undoubtedly have had to engage in more court cases, with the need to set aside precious funds during a cost of living crisis.
Not sure that'd have played well.
shmmeee
Well-Known Member
Could they? Word at the time was it wasn’t until ACL went into admin that they could and even that would open them up to legal action from the bondholders.
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Deleted member 5849
Guest
The worrying thing is if he was even entertained as a prospective owner, then we really are financially in the shit.
shmmeee
Well-Known Member
Did the club ever confirm if the exclusivity deal was real? IIRC their statement didn’t deny it, just said they didn’t break it.
Brighton Sky Blue
Well-Known Member
Which raises some big questions about Big Mike
shepardo01
Well-Known Member
How long was this "mirrored arrangement" for? Guessing it was just until the end of the season?
Also as someone else put it... how can you sign something from somebody that doesn't yet own any lease??
alexccfc99
Well-Known Member
Our former slum landlords soon dropped their ‘Think about the potential job losses’ attitude soon enough…
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Deleted member 5849
Guest
No they didn't. And tbf to the club / SISU(!) despite my flippant comment earlier, most things have been done behind closed doors until others have broken cover recently.
I mean, I wouldn't put it past Storey to have decided he'd been in an exclusivity period just by sending an email saying he wanted to buy us!
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Deleted member 5849
Guest
Out of interest, has the current shitshow modified your enthusiasm for him as prospective owner...?
David O'Day
Well-Known Member
fuck em, they're dead
covcity4life
Well-Known Member
I always thought that council hater on Twitter clearly was ITK?
Hopefully he is right to tell us to be calm and duggins fucking off
Hopefully he is right to tell us to be calm and duggins fucking off
nicksar
Well-Known Member
The Sky Blue song would be ok seeing as Rorkes Drift was defended by the Warwickshire Regiment of foot.
shmmeee
Well-Known Member
Gilbert has said he’s seen documentation and confirmed from other sources that there was a £30m offer due to be completed by Nov 7th. It sounds a lot like they took him seriously. And Joy does have previous for treating nutters like serious people.
They were in default the moment they did not pay the debt, they then defaulted again by not paying interest and again when they gave the NOI
skybluetony176
Well-Known Member
When haven’t we been? I think it’s more a statement of SISU’s professionalism if they really did entertain Storey as a serious contender. Surely any half arsed due diligence on Storey would have dismissed him at the first instance, if they really did give him an exclusivity period they need their heads testing.
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Deleted member 5849
Guest
Unfortunately so
shmmeee
Well-Known Member
Its Richard Heneghan, he’s spent the last few years complaining about bus lanes in the Observer and on Twitter. He’s a well known local weirdo.