J
The price Wasps bought at was cheap for a stadium with a team in it.
The price probably reflected the value without a team.
I think the JR documents detail this.
With the history between CCC and Sisu, Wasps would always win a similar bid.
If SISU calculations are right and Wasps calculations are baloney then the stadium will fall into SISU's hands, won't it?
Oops Sorry, I didn't realise you had to agree with Grendel to make a contribution on this thread.
Which of my points don't you agree with and if you can put more than 4 words together, why ?
Those still defending Wasps and the Council are a disgrace and we as a club are better off without them as supporters.
I can put more than 4 words together but history has shown its a waste of my time as you are beyond reason.
We need all the supporters we can get.
So glad wasps sorted the station! Which is how it will be put across
Yes you are right. You need to make up of those who refused to follow their team 80miles away.
Already made up.
According to the ticket office yesterday they have already sold 50% more than total for last season and expecting a boost when fixtures are released today.
So they've sold 3,700 then?
4500
How many of those had watched a game at Wycombe before they moved here? What is the % increase/decrease of those that had ST's in Wycombe?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
4500
When SISU were attacked for rejecting the rent agreement one of the main reasons given was that the club were trying to get the Ricoh on the cheap. In fact in went further than that;
· The Ricoh was a community asset
· The Higgs Charity had to have their money back. In fact it was a moral outrage that anyone would offer them less. Not only that many “experts” claimed a lower offer was not acceptable as it breached charity commission rules
· The Ricoh had huge potential earnings. Anything less than £12 million was an insult and would be unfair on the poor Coventry tax payer
· The F and B revenues were sold by the club. An outrage to include this in the price, the club has to buy them back at market value.
A lot of the emphasis on this was the immorality (and apparent illegality) on the charity side and also the need to protect an asset from being undersold and so not fully benefitting the tax payer.
Well fast forward and we find the lot was sold for under £6 million.
The disturbing thing we then find is that, according to the local media, it is worth a lot more than that.
· The £6 million is now over £45 million
· The F and B is magically £195 million
· The basket case, (sorry the “washing its face” case, is a thriving business
What slightly confuses me here is why those very same people who were so adamant that this asset should be protected for the people of Coventry – all the taxpayers – now seem to have gone a little silent. Surely the taxpayer has been ripped off haven’t they? Do these people not care anymore?
Can you someone advise me why these people seem to have changed their stance?
Was this thread created off the back off this article?
www.coventrytelegraph.net/news/coventry-news/look-whats-store-ricoh-arena-9574995
Or have I misconstrued Grendel yet again?
Oh one other thing about that link, wasps don't seem to be idiots so why have they extended the compass F&B deal for 15 years? I realise ACL had/have a stake in compass but if F&B is so bloody important and Timmy kept harking on about it, then surely it makes sense to fuck compass off and do it all yourself...why extend the contract for 15 years. wasps surely must be making a decent return.
....I summarised the whole thing ages ago, but for those at the back who were too busy comparing their cocks:
Lucas & CCC = 2-faced lying cunts.
ACL (old)= lying incompetent cunts.
ACL (new)= bullshitting spin-doctor cunts.
SISU= lying incompetent litigious cunts.
Wasps: carpet-bagging opportunistic franchise cunts.
CT= wasps PR & apologist cunts.
FL = toothless cunts.
Bryan Richardson = massive massive c**t
Mike Mc Gin & T = another massive c**t.
Andy Thorn = useless fat c**t.
As Trevor McDonald rightly said*......."cunts...the lot of 'em"
* he didn't really.
Last edited by jimmyhillsfanclub; 1 Minute Ago at 10:23 AM. Reason: I'm a c**t.
Oh one other thing about that link, wasps don't seem to be idiots so why have they extended the compass F&B deal for 15 years? I realise ACL had/have a stake in compass but if F&B is so bloody important and Timmy kept harking on about it, then surely it makes sense to fuck compass off and do it all yourself...why extend the contract for 15 years. wasps surely must be making a decent return.
....I summarised the whole thing ages ago, but for those at the back who were too busy comparing their cocks:
Lucas & CCC = 2-faced lying cunts.
ACL (old)= lying incompetent cunts.
ACL (new)= bullshitting spin-doctor cunts.
SISU= lying incompetent litigious cunts.
Wasps: carpet-bagging opportunistic franchise cunts.
CT= wasps PR & apologist cunts.
FL = toothless cunts.
Bryan Richardson = massive massive c**t
Mike Mc Gin & T = another massive c**t.
Andy Thorn = useless fat c**t.
As Trevor McDonald rightly said*......."cunts...the lot of 'em"
* he didn't really.
No it will go into administration and revert back to the original lease.
Nice try though.
I'm glad you agree with me, as at that point CCFC will definitely be the only game in town.
Wasps Prospectus said:Under the terms of the head lease granted by Coventry City Council (“CCC”) to Arena Coventry (2006)Limited (“ACL2006”) in respect of the Arena (the “Head Lease”), CCC have reserved the right to forfeit theHead Lease if ACL2006 becomes insolvent. Insolvency in this scenario means a situation where ACL2006becomes unable to pay its debts, has a receiver/administrator/provisional liquidator appointed over its assets,has assets seized in order to pay debts of ACL2006 or has a winding-up order made against it. The effect offorfeiture would be that the 250 year Head Lease would fall away and that ACL would then become the tenantof CCC at the Arena for the remaining 38 years of its existing lease. However, the right of CCC to claimforfeiture of the Head Lease is not an automatic right. If CCC made a claim for such forfeiture, this could becontested by ACL2006, any third party that held security over ACL2006 and any subtenants of ACL2006 bymaking application to a court in England. Further, if an administrator was to be appointed over the assets ofACL2006, then CCC would not be able to forfeit the Head Lease without the consent of the appointedadministrator or with the leave of the courts.
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