Maybe the value of when we were there?
Maybe it gives people an idea of what it's worth and an idea of what to bid?
Id be interested to know it's value
Independent valuation, the independent part is easy there are plenty of professional firms available to do this, the basis of the valuation would be the difficult part. Do we base it on the main tenant being a club averaging 20,000 crowds in the championship (is when the SISU Master Operators took over) or is it based on 10,000 fans in League 1 or based on a club playing in Northants.
Not read the article yet, there should be an independent valuation.
It should be a projected one based on the football club been at the Ricoh. I do not think SISU should gain financial reward for withholding rent and moving the club.
Then once they have the valuation obviously Higgs are still free to say we do not want to sell at that low value. Just like TF SISU would be crazy to sell at the bottom of the business cycle.
I find this a bizarre argument. If CCFC are the main reason its worth any money at all why should CCFC pay the full value. That's absurd logic - anyway we are told the share has not depreciated since the club moved out - that's the view of PWKH and Higgs. You seem to be saying they are not telling the truth?
SISU get ACL for zero , SISU are the main tenant, then sell ccfc but tie them into a rental of £1.5m p.a.payable to SISU, charity ripped off, club saddled with a high rent but access to pie money agreed, SISU get a large chunk of their money back Nick & Grendel happy as justice has been served.
Unfortunately work in an industry where there are hedge funds buying businesses to get access to properties doing sale and leasebacks and saddling the residual business with uncommercial rents. Above might seem far fetched but its the industry that they are in and Nick & Grendel are struggling to separate the club from SISU. SISU's motivations are clear and it isn't the benefit of the club.
Because ccfc willingly signed a contract that allowed acl to build there business plan around it?
Should Debenhams pay nothing in rent to West Orchards as they are the main tenant?
PWKH says the value hasn't been diminished one penny since the club moved out.
What are you suggesting?
Deleted member 5849....Ahh, but when I've given you 3 chances in 6 years to make an offer, and also offer a vastly reduced rent, and you turn your nose up at the offers, and move out to Northampton after telling me "You've moved on" I find myself basically saying to you.......F**k off then, and I'll sell to whom I want.
Not that I would want that, but why is it ok to pay the rent to acl but not sisu?
Maybe the value of when we were there?
Maybe it gives people an idea of what it's worth and an idea of what to bid?
Id be interested to know it's value
Deleted member 5849....Ahh, but when I've given you 3 chances in 6 years to make an offer, and also offer a vastly reduced rent, and you turn your nose up at the offers, and move out to Northampton after telling me "You've moved on" I find myself basically saying to you.......F**k off then, and I'll sell to whom I want.
we are told the share has not depreciated since the club moved out - that's the view of PWKH and Higgs. You seem to be saying they are not telling the truth?
However, "I'll sell to whom I want", ACL/CCC must realise that CCFC (whoever owns them) are the only people they can really sell to. While ACL MAY be ticking over OK as a business, long term they will need to do something....nobody else locally other than CCFC will have the potential to actually put bums on seats in a worthwhile volume.
Can we get a valuation of CCFC while we are at it?
I would imagine that this latest desperate statement only confirms to CCC/ACL that they have SISU by the throat,there is clearly no plan B,and the trouble for SISU is everyone knows it.After the recent court case,it is hard to believe that the Higgs Trust would consider going back into negotiations with SISU ever again,and that's assuming CCC would ever agree to joint ownership of ACL with their sworn enemies SISU.
If we ignore the "we've moved on" statements from SISU (which I think most people have), the only way the club will move forward is to agree some sort of deal to get back to the Ricoh.
That means that both parties have to put the "bad blood" behind them and try to develop a constructive dialogue.
According to Higgs it hasnt effected the value one bit. You are on dangerous ground there.
Full story:
http://www.coventrytelegraph.net/news/coventry-news/football-club-officials-call-ricoh-7073254
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Do you think he'd re-brand the hotel and make it more rock star like?The danger with such analogies is if someone doesn't want to sell their house to me, but will to Rick Savage, they can't really be surprised if I decide to live somewhere else.
Do you think he'd re-brand the hotel and make it more rock star like?The danger with such analogies is if someone doesn't want to sell their house to me, but will to Rick Savage, they can't really be surprised if I decide to live somewhere else.
Given the timeframe I suspect it may be a valuation from the period in which things were very uncertain and therefore a lower end valuation. I wouldn't be surprised if ML knows what the valuation is and that's why he's so keen for this particular valuation to be made public.
Bit of a non story really. We all know what, how and why Higgs & CCC came to the valuations they did in their accounts. Perhaps ML really should have a meeting with OSB so he can explain it or even just read Simon's article if he really is struggling to understand it.
I suspect ML understands fully the what, how and why he's just muddying the waters ahead of the JR. I dare say we'll be seeing more of this from the sisu camp on the run up. I don't know who they're trying to convince, us or themselves. ACL, CCC & Higgs have it right, keep quiet until it's over.
What are you on about?
Do you fancy OSB?
Don't you mean affected?
Are you proud of SISU for taking our club away from Coventry so they can try and devalue the Ricoh?
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