Grendel
Well-Known Member
What's the price then? How do you know the business isn't fucked and this deal isn't just discharging the loan?
They have never turned down an offer to talk to someone willing to buy ACL at a sensible price.
Or do you know for a fact that they have.
No change in stance from ACL.
The charity have always said they want out.
The council have to tread more carefully and ensure the new owners have the correct intentions.
Just business though isn't it? Stakeholders to please and all that!
So in principal you have no issue about franchise sport then?
Also you have no thoughts regarding any impact in the existing rugby team?
True, just business. As long as Wasps fans don't mind, etc etc
A few on here seemed pleased. As long as CCFC don't get it who cares who does.
Again I have previously stated I will happily support any action by Cov RFC or their fans but so far we seem to be far more worked up about it then they, or Wasps, fans are. The SBT statement appears to indicate that Cov RFC have no issue with Wasps playing at the Ricoh other than a concern that they may miss out on becoming part of their development system.
Exactly what I'd like to know. We've always had the "there'll never be a new stadium so secure a deal for the Ricoh" stance, but now Otis and others have done a total one-eighty. It's bizarre. There is no way that CCFC will ever now get a slice of the Ricoh.
Of course we are, because we have the most to lose, by a mile. This is our home, the stadium built for us, and it is being sold off under our noses without a thought for the long term implications.
You are talking as though SISU have tried their best to take over ACL and the lease. You would have thought that they would take it seriously now, but it don't seem so.
TBF that has always been their stance, it is just a London Hedgefund wanted it for nothing!!! now a London consortium is offering them a fair price (I would have thought)
They may be thinking about it.
But to be fair we are all making assumptions at the moment.
Oh and if there is a demonstration being organised against this buy out I will gladly attend.
Shame more never cared when we were at Northampton!!
Ghappily support any action by Cov RFC or their fans but so far we seem to be far more worked up about it then they, or Wasps, fans are. The SBT statement appears to indicate that Cov RFC have no issue with Wasps playing at the Ricoh other than a concern that they may miss out on becoming part of their development system.
Exactly what I'd like to know. We've always had the "there'll never be a new stadium so secure a deal for the Ricoh" stance, but now Otis and others have done a total one-eighty. It's bizarre. There is no way that CCFC will ever now get a slice of the Ricoh.
Not strictly true. They tried to sue NTFC for exactly the same thing a year ago.
What's the price then? How do you know the business isn't fucked and this deal isn't just discharging the loan?
I don't know is the answer. We can all assume it will be bad for City and Cov rugby, but we don't know for certain. My mind keeps coming back to Coventry City Council and what they represent. I honestly cannot see them voting for a deal that pushes Coventry City out into the wilderness, seriously hurts the city's rugby club and has Wasps coming in with yellow seats plastered all over the Ricoh. I just cannot see it. It would be a total madness and surely would go against the very thing the local council stands for.
I think for CCC to vote yes on this there would have to be caveats in place that would protect Coventry City FC and hopefully Cov rugby too. I just cannot see them signing off on a deal that would hurt two local clubs and boost a franchise outsider club from close to 100 miles away.
They'd be chased out fo the council chambers with pitchforks.
I just think people are jumping to conclusions a bit. What we need to do now is to lobby the council to make sure they do the best thing for the city of Coventry and the people of Coventry.
Bottom line for me is, I truly believe that if this deal proves to be bad for CCFC and CRFC then the council will veto the proposal to accept the deal.
I don't Mr Richardson it seems does.
So do SISU and then they tried and it seems failed to creat their own lower price. ( as proven in court, I am sure you remember)[/QUOT
You do understand what an offer in Private means don't you?
Who cares about sisu? Get your head out of you backside and see what this means to football and rugby in Coventry
What kind of caveats would they put in place?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Eakin poured scorn on the Cov RFC statement by the tuust and referred to an interview with their Chairman in which he expressed grave concern. A spokesman for Wasps supporters was very despondent. I suggest you are not trying that hard to find objections. The fact you accept neither party would is absurd
i don't know, Stu. I am not an expert in takeovers, or indeed, caveats.
They could surely though make sure any new owner offered a 100 year lease to the football club, so that Coventry City couldn't just be kicked out in the future couldn't they?
This Richardson character is one mean astute business man believe me, does he want to own a football club, perhaps and is his consortium wealthy, yes, very, apparently, includes atleast one a rab I've been told.
Once again, I will support any action they take. If you can find details of any action either Wasps or Cov RFC are proposing then I would suggest posting it on here so we can all support it, I haven't been able to find anything so far. Maybe the trust can approach their equivalents at both organisations and find out where things are at.
If we, as fans of CCFC, are going to start our own protest we need to be on solid ground so that if and when questions are asked of us we have the answers and don't look like total idiots (insert joke here about members of SBT, GCBTR & KCIC being interviewed here).
That's why I think any action around the impact on Wasps fans or Cov RFC should be initiated by them. We need to come at it from another angle, overall that could be beneficial, the more angles against this the better as it makes it harder to dismiss. The problem I'm having is finding an angle that we can use that would stand up to any scrutiny. The obvious one would not be selling 'our' stadium to a rugby club from London but that is undermined when the clubs owners are saying we're moving and have made no attempt to buy the ground themselves. Even saying we want to stay long term as tenants would give us something to work with.
The sad reality is we've had over 7 years to try and gain a stake in the Ricoh and none of our owners in that period have done not a thing about it. We are tenants and unreliable ones at that.
What kind of caveats would they put in place?
No and why would they, oh and Mr Richardson is a man of his word as when he bought the club he promised they would remain in West London.
I know this issue has been on the back burner for a long time, over a year in fact. If it happens I believe sisu's grip on our club will be over, sooner the better for me. This Richardson character is one mean astute business man believe me, does he want to own a football club, perhaps and is his consortium wealthy, yes, very, apparently, includes atleast one a rab I've been told. Sorry I know there are always dodgpots and I am as wary as the next guy on who owns and controls my football team but after this sisu crowd and it's bunch of fly by night cretins. I will take a chance with this guy if he decides to buy into my team. We need that change of direction if we are ever to get to where the likes of Leicester and Burnley are, just look at the tables above us and tell me I'm wrong.
Don't think a promise is worth as much as a signed agreement to be honest. You can put caveats and clauses into contracts that ensure any new owner meets the criteria of the agreement and does not breach it.
Promises are just words.
The council will put no caveats - why would they? They care nothing for sport in Coventry.
Say what you like this guy and his consortium will own our football club and soon. I think if you look back I told you about our Ricoh return days before the announcement and I'm telling you this Richardson and his men will have our football clubYour wrong. He doesn't give a shit about heritage location or customer loyalty. Stop pretending you know anything when you clearly have not got a fucking clue -- and as for change of direction -- you are probably so stupid you do not even know why that is funny - try asking Wasps fans and they will tell you.
I don't Mr Richardson it seems does.
So do SISU and then they tried and it seems failed to creat their own lower price. ( as proven in court, I am sure you remember)[/QUOT
You do understand what an offer in Private means don't you?
Who cares about sisu? Get your head out of you backside and see what this means to football and rugby in Coventry
SISU own us?
Pretty sure you haven't forgotten that.
If they match Nr Richardson's bid then for the first time in 6-7 years this club will finally be on track.
I recall you saying SISU's tactics will in the end be the best for CCFC
When is that going to happen?
So far SISU action eventual outcome.....
Agree a deal for half if ACL - lose the appetite to complete it.
Stop paying rent - 10 point deduction
Try to reduce cost of ACL - CCFC move to Northampton.
Best football Cov have played in 20 years - CCFC35 miles away
Expensive litigation - lose
Return to Ricoh - whilst still trying expensive litigation and saying it is temporary whilst building a new stadium - ACL consider alternative buyers.
Grendel even you (even though I somehow predict you won't) should be pushing for SISU to buy ACL at true market value.
From start to now it is the only option that has ever made sense.
The council will put no caveats - why would they? They care nothing for sport in Coventry.
SISU own us?
Pretty sure you haven't forgotten that.
If they match Nr Richardson's bid then for the first time in 6-7 years this club will finally be on track.
I recall you saying SISU's tactics will in the end be the best for CCFC
When is that going to happen?
So far SISU action eventual outcome.....
Agree a deal for half if ACL - lose the appetite to complete it.
Stop paying rent - 10 point deduction
Try to reduce cost of ACL - CCFC move to Northampton.
Best football Cov have played in 20 years - CCFC35 miles away
Expensive litigation - lose
Return to Ricoh - whilst still trying expensive litigation and saying it is temporary whilst building a new stadium - ACL consider alternative buyers.
Grendel even you (even though I somehow predict you won't) should be pushing for SISU to buy ACL at true market value.
From start to now it is the only option that has ever made sense.
I thought most on here would rather commit hell freeze over than a hedge fund get hold of a community asset
Now you want them to have it.
This is fucking hilarious.
I thought most on here would rather commit hell freeze over than a hedge fund get hold of a community asset
Now you want them to have it.
This is fucking hilarious.
You're mixing up arguments over freehold and leasehold. Of course some people would be happy to be rid of SISU and take a chance on the unknown.
CCFC’s current priority is not new long term deals but getting fans into the Ricoh .
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