Nick
Administrator
Only thing that has changed is Wasps owning the other 50% I guess, could be related to that.
I don't know whether it's nonsense or not; but it's hard to believe there's much more information that hasn't been outed during Judicial Review; or before
we all hope ccfc gets 50% share. but are sisu ready to part with that money? i personally don't think so especially with pressleys sacking possibly imminent
Agree, enter a bid based on this and this.
No, not all. THere's probably a template circulating as I type.
Thanks Torchy - could be good news I guess.
EVERYONE! wants ccfc to own the arena, people however don't want sisu to own the arena.
you think that people don't want ccfc to have the ricoh but you are wrong. people don't want sisu to have the ricoh and screw ccfc over.
If CCFC (the exact company that holds the golden share) got the ricoh and the contract stipulated that the ricoh could only be owned by the company with ccfc in it (ie it couldn't be sold off) and should ccfc cease to exist the ricoh would return the people of coventry (to prevent sisu liquidating the football club to get the stadium) absolutely everyone of us would want that.
Taken from twitter
PLEASE Credit @Lesreidpolitics, thank you.
1/3 I can reveal a dispute with #CCFC accusing Higgs of delaying release of info needed for #CCFC to bid for 50% Ricoh at £1.75m
2/3 a leaked #ccfc letter to @coventrycc CEO Reeves accuses Higgs of failing to release key info to #ccfc Ltd liquidator including
3/3 updated info on JV agreement between council & Higgs, & Higgs' pre-emption rights over council share in Ricoh, ahead of 1 deadline yday
4/4 The letter states #ccfc Ltd liquidtr was given deadline by Higgs of yestdy to indicate an intention to bid for Higgs shares at £1.75m..
5/5 ..This figure differs from the £2.77m which council sources leaked was terms of the #5.5m+loan #Wasps Ricoh deal agreed by council
6/6Letter calls on @coventrycc to step in so liquidtr gets info needed for #CCFC to consider formal bid for Higgs share in Ricoh Arena
SISU own CCFC at the moment and that doesn't look like changing. People moan about a new stadium and they moan about SISU buying into the Ricoh. Even if SISU disappeared tomorrow the next lot of charlatans would own the Ricoh and not the club.
Stalemate then.
I just hope that the club does somehow end up with the 50% either the club is as good as dead.
I can't believe I really want SISU to get this share, but for the good of this once great club ,its this or goodbye to the club we all love and cherish
Well, as you said none of us know the ins and outs, but I imagine the Council will always be the good guys to some.
Taken from twitter
1/3 I can reveal a dispute with #CCFC accusing Higgs of delaying release of info needed for #CCFC to bid for 50% Ricoh at £1.75m
2/3 a leaked #ccfc letter to @coventrycc CEO Reeves accuses Higgs of failing to release key info to #ccfc Ltd liquidator including
3/3 updated info on JV agreement between council & Higgs, & Higgs' pre-emption rights over council share in Ricoh, ahead of 1 deadline yday
4/4 The letter states #ccfc Ltd liquidtr was given deadline by Higgs of yestdy to indicate an intention to bid for Higgs shares at £1.75m..
5/5 ..This figure differs from the £2.77m which council sources leaked was terms of the #5.5m+loan #Wasps Ricoh deal agreed by council
6/6Letter calls on @coventrycc to step in so liquidtr gets info needed for #CCFC to consider formal bid for Higgs share in Ricoh Arena
Hang on, am I reading it right - wasps are paying £1.7m not £2.77m for Higgs share?
If so, we have been completely stitched up here.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Hang on, am I reading it right - wasps are paying £1.7m not £2.77m for Higgs share?
If so, we have been completely stitched up here.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Torchy, with the greatest respect. I cannot wait until it eventually comes out into ther public domain exactly why our Hedgefund crew got involved in CCFC in the first place. I can assure you it's not the Football Club.
Shame Mr Fisher & the Team cannot spend some of their '60 million war chest' on some decent players whilst the new stadium is being built as part of their grand plan......... Oh I forgot, that probably another fib, but hey ho, just blame the Council...........
KLP
I read it that sisu were given the chance to bid for the shares at 1.75m (it says nothing about wasps but the inference would be that is what they are paying) but instead of putting the bid in, they've waited till after the deadline and then complained publicly (and we all know thats whats happening here) that they weren't being given the right information.
Not quite sure how you arrived at that conclusion....
Since when did the Higgs share become 'available' at that price?
Can't imagine ACL saying 'you know your offer for 2m we turned down as it was derisory? Well it's your lucky day as you can now have it for even less.....'
If its a done deal and wasps buy it , its too late for SISU to do anything about that. Who are SISU going to sue and for what? If Higgs sell the RICOH for £2m then it kind of frames what damages they can claim , if there is any case to answer and consequential damages ( if we would have bought it we would have made XX millions so Higgs owes us XX million) will not be considered.
Well, as you said none of us know the ins and outs, but I imagine the Council will always be the good guys to some.
Apparently it doesn't appear to be an issue that the deal for Higgs share could be for less than what SISU offered 2 years or so ago.
The same SISU who tried to rip off a 'children's charity'
But hey... It's just business
SISU own CCFC at the moment and that doesn't look like changing. People moan about a new stadium and they moan about SISU buying into the Ricoh. Even if SISU disappeared tomorrow the next lot of charlatans would own the Ricoh and not the club.
Stalemate then.
Correction most people wanted them to buy into ACL. They just wanted them to do it the way wasps have.
Hang on, am I reading it right - wasps are paying £1.7m not £2.77m for Higgs share?
If so, we have been completely stitched up here.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Theres more to this than a few millions I would hazard a guess.
Wasp have committed to many tens of millions and I assume the other half share would be a similar commitment.
I guess this is just a paperwork exercise as CCFC Ltd has not got the funds to make an offer and there is bound to be a problem of Sisu putting in money to CCFC Ltd as it would then have to be distributed out to all it's debtors first.
Not an expert on this but neither is anybody else on this thread yet.
Would love a 50 50 share in ACL but I feel its not possible.
I thought you were adamant they should pay the charity back in full to gain a half share?
Always stated the charity should get its money back or an offer they are happy with.
If they rejected 2 million and are now accepting bids less than 2 million then they have screwed up IMO.
We obviously don't know that.
The most important thing is they accept a bid they are happy with and are not forced into a bid they are not happy with.
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