Er no.... When SISU do it, they are hiding the fact that they don't have the "things" that SISU say they have. When the council do it, they are hiding the things that SISU say they, CCC, apparently have. If you get what I mean.
Both being shady then
Lets hope SISU have a decent case. Quite frankly I don't care what grounds or tactics SISU use to get a win in this if it means Wasps get sent packing and we get a shot at a similar deal.
One thing this action is unlikely to achieve is to force Wasps out.
This SISU action is a new one not actually linked to the original JR case that can only consider things/decisions that happened in January 2013. Decisions taken in October 2014 are entirely separate.
Yes SISU if successful could have remedies against the council but it is unlikely that it would gain the stadium for CCFC. ACL, now under Wasps control, could be required to repay the loan immediately. You might think that would cause a terminal problem but would it. Yorkshire Bank in the middle of recession, with an under performing stadium, and poor financials were willing to refinance ........ who is to say finance could not be arranged for a premiership, high profile club, that now owns a 250 year lease on the place and is well backed.... it might be more expensive in terms of interest but I really do not see any action SISU take as forcing Wasps away.
just as an aside the CCC loan originally was for 40 years to 2053 if the terms have changed to 20 years then that's an improvement. The original loan was 14.4m in January 2013 by October 2014 the debt was 13.4m after quarterly repayments you would expect it to come down over the best part of 2 years wouldn't you?
What it could do however is sour any relationship between the decision makers of the two clubs. You can say CCFC is separate from SISU all you like but the decision maker for both is still the one person. To say it wont affect CCFC is frankly disingenuous
This as usual is all about SISU trying to get a return on investment by any means they can. It is not for the benefit of CCFC but CCFC is a tool to achieve their aims.
As for CCC well looks like more time in court, something they would dearly love to avoid I would think. Some of the actions they have taken in this saga leave questions to answer and to some degree they reap what they sow
Totally exasperated by all this to be honest............. and it will switch more people off the club at a time when it needs everyone it can get.
When will all this legal crap end and we can have OUR club back
However when SISU do it they are hiding things but when the council do it, it is just standard business isn't it? Both shady.
Doing something dodgy??Poor comparison. CCC kept quiet because they were actually doing something. Sisu have kept quiet because their doing jack shit.
Careful, you will have people correcting you on them being from londonHow many people on here have actually been involved in a legal dispute or litigation? It is very, very adversarial, and leaves bad blood between all parties .
Now we have Wasps in town, and the opportunity to work with them - either in the medium term, or until Fisher's Unicorn Stadium is built. So, do the club's owners take this opportunity to build bridges for the good of the club? Nope. Yet more legal action. Every tranche of legal action so far has achieved nothing, except deliver us to the situation in which a rugby club from London now owns the Ricoh lease. There's not a lot left for the football club to work with, but SISU seem to be knifing holes in the life-vests at the moment....
Doing something dodgy??
Careful, you will have people correcting you on them being from london
No, I'm not throwing mud I'm just wondering why is ok for one side to hide behind commercial confidentiality and not the other.Nick, have you any evidence whatsoever that the council have done anything 'dodgy'; or are you just throwing mud and hoping that - after repetition - it begins to stick?
No, I'm not throwing mud I'm just wondering why is ok for one side to hide behind commercial confidentiality and not the other.
I should have put something in brackets really.
No, I'm not throwing mud I'm just wondering why is ok for one side to hide behind commercial confidentiality and not the other.
I should have put something in brackets really.
No, I'm not throwing mud I'm just wondering why is ok for one side to hide behind commercial confidentiality and not the other.
I should have put something in brackets really.
No I know that it's common as muck in business, it's just how when one party goes on about nda etc its just business but the other it's because they are hiding things.Honestly; I must sign six NDA's a week, and many contracts with commercial confidentiality - including JLR, who I'm sure Grendy will happily inform you aren't 'dodgy'. The reliability of their cars might be, but their contracts not
What is it with SISU?“This step has been taken as a precautionary measure to safeguard Coventry City FC’s position in relation to the outstanding legal appeal.
“We believe that some of the decisions the council has made were not taken in the best interests of Coventry taxpayers and had a seriously damaging effect on the club.
“Commercially, it is the right thing to do and is necessary to protect the club’s position as a tenant in Coventry.
What is it with SISU?
Why are they so concerned about Coventry taxpayers instead of the decisions they have made that have been bad for the things they own & those that have emotional investment in them?
No I know that it's common as muck in business, it's just how when one party goes on about nda etc its just business but the other it's because they are hiding things.
After working in the compound at gaydon as a youth I wouldn't be surprised that some break down
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