italiahorse
Well-Known Member
The move would further stress CCFC and help Wasps. They just need to wait as CCFC gets further devalued.
Just let it happen (Help if you can) (5 Viewers)
- Thread starter italiahorse
- Start date
The move would further stress CCFC and help Wasps. They just need to wait as CCFC gets further devalued.
D
Deleted member 5849
Guest
Not necessarily...
Nick
Administrator
Just like people get outraged about SISU doing to ACL you mean?
italiahorse
Well-Known Member
Exactly.
OSB58 post is a slight variation on the OP but with a third party buying up CCFC instead of Wasps.
However, I will stick with my theory of Wasps buying us and just keep us ticking over at cost neutral for a few years.
Nick
Administrator
So we should actively help get rid of a hedge fund because they tried to distress a company, moved a sports team and don't invest and try to run us at cost neutral that we hate to help bring in a hedge fund, who distressed the football team to take us over, who moved a sports team and would run us at cost neutral.
I don't get it?
italiahorse
Well-Known Member
Yes, but not exactly. The losers would be Sisu not the council/ACL
Nick
Administrator
Surely it doesn't matter who the loser is? Very strange how you are begging for people to help something happen that you hate SISU for.
All that does is prove the point that you change Wasps for SISU and 1 do something they are heroes, the other do the same thing there's outrage.
Grendel
Well-Known Member
With respect I've asked several questions to you which you are ignoring.
I fail to see how asking for a long lease would reduce the offered amount.
I think you are a bit confused.
Astute
Well-Known Member
You say that Wasps got a bargain as they asked for a longer lease and got it. But you fail to see something about SISU not asking for a longer lease.
Moff
Well-Known Member
So basically your theory is based on no fact, just your opinion.
I think you comparing your post to OSB's is a little wide of the mark. We can all see that if the club is run to the ground, there is a potential for someone to come in and purchase and hopefully revive what is left of the club. It doesn't take a genius to work that out. Its just you seem to be in a percentage of 1 that wants it to be Wasps.
How exactly does Wasps buying us, and keeping us at cost neutral for years, help our situation? It seems to me that what you are saying is you would like one atrocious hedge fund who you like, to replace another atrocious hedge fund who you don't like, as our owners. Forgive me for my unwillingness to jump on-board, I want better for my club, not one group of shits replaced by another.
torchomatic
Well-Known Member
That's the crux of it, isn't it? A view shared by many. Who cares what happens? Who cares if it's being hypocritical? Who cares if it damages the football club as long as SISU get it?
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Nick
Administrator
The same as what;s being said for months about why people support wasps, simply because it isn't sisu.
"What's wrong with somebody trying to get ACL for cheap" - Its SISU
"What's wrong with somebody actually getting ACL for cheap" - Nothing, its wasps
The same as somebody beating up a man but not getting his wallet, then it being fine for the next man to take it.
oldskyblue58
CCFC Finance Director
Actually I had no one in mind, if anything the thought was a fans backed bid similar to Swansea but I wasn't even suggesting that.
from what I have seen from Mr Hoffman in the past he is not someone I would favour
NO - read what I said
Phil Maynard, Managing Director of Coventry RFC, added:
We have looked at other joint venture models, such as Ashton Gate, which is the home of Bristol City FC and Bristol Rugby Club. We believe the original planning permission for a 13K stadium at the Butts would still hold leverage in future plans to expand.
Read more at http://www.ccfc.co.uk/news/article/...ting-minutes-3132807.aspx#d1oAuif2vQ1KMxlZ.99
skybluetony176
Well-Known Member
I suspect any damage thats coming CCFC's way is inevitable now and is coming wether SISU get it or not. That's the path SISU have set the club on IMO. So if someone is going to get it from damage heading the clubs way regardless it may as well be SISU who get it. I can't think of anyone better myself or more deserving
chiefdave
Well-Known Member
But if SISU had been successful and the stadium and club been united CCFC would have been the 'winners'. In your plan the only people to benefit are Wasps.
italiahorse
Well-Known Member
I'm saying it's going to happen regardless. So I'm saying we need to accelerate it or Sisu will battle on and take us to new lows. I'm not saying I agree with it.
SkyBlueZack
Well-Known Member
Where is your evidence? Or are you just talking shit as per?
Grendel
Well-Known Member
Is it the JLR stadium yet? As you exclusively revealed a year ago?
Grendel
Well-Known Member
How could we ask for a longer lease when the share on offer was the Higgs share?
Lease extension lay with the other side.
italiahorse
Well-Known Member
All in time!!
Astute
Well-Known Member
By negotiating instead of taking the piss. And as we all know SISU refused to negotiate with CCC. So how could they agree to anything?
Grendel
Well-Known Member
For goodness sake this is like pulling teeth,
So answer a question - do you think ACL would have had it's value increased at the increase of the lease? Yes or no?
Astute
Well-Known Member
It was increased just by someone moving in. And yes it was increased by being extended. And it got extended because they negotiated when SISU refused to.
And I agree yes it is like pulling teeth when year after year you try to spin the same things about CCC trying to make out it was all their fault and not the fault of SISU. They both acted badly.
Senior Vick from Alicante
Well-Known Member
Sisu will go but on their terms. If the op is in any way correct our owners are spiteful enough to liquidate it's their way of saying if we're not having it your getting less. This has a long way to go yet, they will hold on until all hope of a court victory is over. Their will be nothing left for anyone to pick up when that happens, the club will be destroyed and then Ann and her Wasps friends will have it all to themselves.
Grendel
Well-Known Member
Right so you agree the lease extension automatically increases the value - good,
So who had the authority to grant a lease extension?
Astute
Well-Known Member
Who started this shitfest by not keeping to what was agreed, not paying rent and then taking us to Northampton and leaving the arena empty so Wasps could move in? You should know this as you kept congratulating them on each move knowing nobody else would be interested in the arena.
Well obviously the freeholder
A more interesting question is why was it transacted in two stages when agreed at the same point in time?
The "sale" of the extended lease was agreed at the time the sale to WASPs was agreed but as a separate transaction
Why did CCC not agree to extend the lease to ACL THEN sell the enhanced value of ACL to WASPS?
Astute
Well-Known Member
Incase Wasps pulled out and left it open for SISU?
Grendel
Well-Known Member
Good god your unbelievable - you even liked his post when I was saying the same thing!
Lol.
chiefdave
Well-Known Member
I think CCC think this has allowed them to not follow the regulations for disposal of assets. My opinion is this will be what SISU go after in JR2. They will argue that as the sale of ACL and the lease extension were agreed at the same time CCC have effectively sold the freehold (does anyone think the Ricoh will still be in use in 250 years?) and therefore the regulations apply.
If they are successful with that then CCC are screwed as they haven't been followed in the slightest. They've pretty much done the opposite!
Astute
Well-Known Member
Not at all. You kept firing questions at me and not answering any to keep up with your anti CCC agenda. I am unbiased so have a go at all sides. And I agreed with what he said.
But sometimes when you go on your rants I don't read everything that you put. Most of your posts are what you have been posting for years. Even on threads covering something never covered before. And all that happens is that you suck people into the same old arguments time and time again. You are worse than a stuck record.
Grendel
Well-Known Member
The response you made clearly showed you didn't actually understand a word he said.
Grendel
Well-Known Member
Well it begs a few questions doesn't it.
The minutes of the meeting at the point of sake shows that the freehold was sold along with the council share.
Odd as that it itself significantly boosts the value of ACL. It shows the value of the original lease really nothing.
What I do not understand is why ACL when owned by the charity and the council did not ask then for 250 years which would have solidified the value of the business.
Why in particular did not Higgs ask earlier?
Did they and the council rejected it? Why on earth would they do that - I mean they wouldn't want to devalue the business to facilitate a cheap sale......would they?