Marilyn Knatchbull Hugessen answers questions (1 Viewer)

James Smith · Apr 25, 2014

Grendel said:
I'm sorry - what are you saying? The charity involvement on ACL should be viewed dispassionately and not as a charity? I agree so if they get "screwed" its not screwing a charity but just another faceless private company.

If the Charity lose all the money they spent buying ACL because it goes bust then that's their bad luck. However there's no evidence pointing to ACL going bust yet and any claims by Mrs PWKH that ACL are going to have £Xm turnover or profit are just that, claims not audited accounts. On the other hand ACL are a private company, they were the ones charging our club rent not the shareholders. As a private company then they have a duty to their shareholders first and foremost.

martcov · Apr 25, 2014

covcity4life said:
her family tied sisu out balloons to a car

WOW THANK YOU SO MUCH

184 posts lmao..council employee for sure. or maybe you are PKWH daughter?

covcity4life said:
ahah you shit fan. ccfc does not concern you then.

bye bye foreigner.

covcity4life said:
either you live abroad or you dont?

and you went sixfield? scab

brian-dont make me turn on you! LOL!

As I said, the information was only for your pea brain to attempt to digest. It failed. To clarify: yes I do live abroad. No I am not a foreigner as I come from Whoberley which is in Coventry - as opposed to the Coventry area or elsewhere.

Yes I went to Sixfields as it was the only chance to see CCFC whilst I was in England. It was the pits. Nothing like the "good old days" in the West End. But it was handy having a hand car wash outside the ground.

I even saw Fisher and Waggot. Fisher trying his best to be cheerful and chatty with fans ( scabs according to you ).

Anyway go back to your cave or primitive hut with your fellow Neanderthals.

lordsummerisle · Apr 25, 2014

italiahorse said:
Is that the same Higgs that helped CCFC keep going by buying their ACL share with the offer to buy it back when they wanted with little if any profit from the sale?

If so, then the answer is yes, Sisu are stressing a charity.

A charity shouldn't really haave got involved in bailing out millionaire owners of a football club in the first place.

However, if anybody was to buy their share of ACL off them then they should be paid what that share is worth regardless, whether it's worth £20million or £10.

No future with SISU · Apr 25, 2014

covcity4life said:
she does a fair bit of spin for someone who dislikes it eh?

sisu did not pay the 29k because ACL and council worked with each other behind the scenes to screw ccfc over, sisu made them pay for that and rightfully so.

her husband did orcherstrate sisu out, in the most embarassing manner.

and now making threats that acl and ricoh will move on? she dont fcuk about ccfc any more than sisu do.

the fans are truly fucked in this one we might never come back.

Yes the fans are in the shit untill SISU are gone. That second statement you made is wrong.You have not worked out that the only way forward is to get rid of SISU.

Ian1779 · Apr 25, 2014

martcov said:
She has been on a Coventry charity for 30 years. Her family have supported the club financially. She has been a fan since she was 10. Her charity has been messed around and maligned by our hapless hedge fund managers and you have the audacity to slag her off. I have never sworn on this forum....but fuck you!

They did help the club financially, but knowing full well there would be some return on the investment. They didn't donate the money to CCFC did they?

Nobody in ANY party had the desire to a) stop this nonsense occurring in the first place and b) get a deal done. ALL of them were too driven by personal motives.

No future with SISU · Apr 25, 2014

lordsummerisle said:
Maybe they get lonely? How the fuck should i know?

Why did they spend so much money defending £29,000?

lordsummerisle · Apr 25, 2014

No future with SISU said:
Why did they spend so much money defending £29,000?

i don't know, maybe they were minimum wage zero hours lawyers?

I don't know what the 39 steps are either(Actually i do, just don't want to get shot).

covcity4life · Apr 25, 2014

martcov said:
As I said, the information was only for your pea brain to attempt to digest. It failed. To clarify: yes I do live abroad. No I am not a foreigner as I come from Whoberley which is in Coventry - as opposed to the Coventry area or elsewhere.

Yes I went to Sixfields as it was the only chance to see CCFC whilst I was in England. It was the pits. Nothing like the "good old days" in the West End. But it was handy having a hand car wash outside the ground.

I even saw Fisher and Waggot. Fisher trying his best to be cheerful and chatty with fans ( scabs according to you ).

Anyway go back to your cave or primitive hut with your fellow Neanderthals.

you come across as quite rude.

No future with SISU · Apr 25, 2014

Grendel said:
Have you arranged a meeting yet or still prefer to address your issues behind a computer screen?

Did you not say you have been in a bullshit meeting with Fisher?

martcov · Apr 25, 2014

covcity4life said:
her family tied sisu out balloons to a car

WOW THANK YOU SO MUCH

184 posts lmao..council employee for sure. or maybe you are PKWH daughter?

covcity4life said:
ahah you shit fan. ccfc does not concern you then.

bye bye foreigner.

covcity4life said:
you come across as quite rude.

Says the keyboard fan who repeatedly called me a "dumb prick" for acknowledging the work of the Higgs Charity and the financial contribution from the Higgs family to CCFC. You also called me a "shit fan" and a "scab". That is the language of primitive man or Neanderthal man. Short words - nothing too complicated.

ccfcway · Apr 25, 2014

:slap: .

Grendel · Apr 25, 2014

No future with SISU said:
Did you not say you have been in a bullshit meeting with Fisher?

No only in your fevered imagination

James Smith · Apr 25, 2014

Ian1779 said:
They did help the club financially, but knowing full well there would be some return on the investment. They didn't donate the money to CCFC did they?

Nobody in ANY party had the desire to a) stop this nonsense occurring in the first place and b) get a deal done. ALL of them were too driven by personal motives.

If you read up on the rules regarding what a charity can and can't do with their funds it appears to me with the previous money that they loaned us (before the ACL share deal) whilst we were still at HR that they did everything they could for us without breaking the Charity Commission rules. They couldn't just give us money as that would have got them into hot water.

There was a formula in place for the sale of the share back to our club so that the Higgs didn't lose their money* if the club bought the share when ACL was struggling and limited the likely cost to our club if ACL was worth more than the club could afford.

* That is likely to be there to satisfy the Charity Commission rules.

martcov · Apr 25, 2014

covcity4life said:
her family tied sisu out balloons to a car

WOW THANK YOU SO MUCH

184 posts lmao..council employee for sure. or maybe you are PKWH daughter?

covcity4life said:
ahah you shit fan. ccfc does not concern you then.

bye bye foreigner.

Ian1779 said:
They did help the club financially, but knowing full well there would be some return on the investment. They didn't donate the money to CCFC did they?

Nobody in ANY party had the desire to a) stop this nonsense occurring in the first place and b) get a deal done. ALL of them were too driven by personal motives.

No they did not know they would get a return. They must have thought that they would at least get their money back though. The motive was not looking for an investment to make money, but to save the Ricoh and regeneration effect on the area that it would have. That is covered loosely in the terms of their charity. They tried to sell their share, but SISU didn't follow through. They agreed 5,5 million, but SISU did not provide proof of funds and asked to pay 1,5 million cash and the rest later - without guarantees. So the deal fell through. Yes it is now personal, but it should still be possible to negotiate if there is a "commercial advantage" to be had by both sides. We are still waiting for someone to budge or maybe someone sensible to come in from outside. IMO

covcity4life · Apr 25, 2014

so you admit higgs and marilyn are not sensible?

why are we arguing then? we agree!

put it there pal!

martcov · Apr 25, 2014

I admit Higgs helped CCFC - and probably regret it now.

No future with SISU · Apr 25, 2014

covcity4life said:
she dont sound like a fan to me you .

Her family have more history with the club than most supporters, so i would belive her over any of SISU supporters.

chiefdave · Apr 25, 2014

martcov said:
No they did not know they would get a return.

The deal as it was originally made was for it to be a short term thing, basically to ease cashflow problems the club was experiencing. It was essentially a pawn broker deal. We'll give you £6m or whatever it was now but we'll hold the share in ACL as security, when you've got the money to pay us back you can have the share back.

No future with SISU · Apr 25, 2014

Grendel said:
I'm sorry - what are you saying? The charity involvement on ACL should be viewed dispassionately and not as a charity? I agree so if they get "screwed" its not screwing a charity but just another faceless private company.

Joy promised not to "do over a charity".

James Smith · Apr 25, 2014

Ian1779 said:
They did help the club financially, but knowing full well there would be some return on the investment. They didn't donate the money to CCFC did they?

Nobody in ANY party had the desire to a) stop this nonsense occurring in the first place and b) get a deal done. ALL of them were too driven by personal motives.

They also built the Cat 2 facility at which our Academy train. By making it dual purpose I.e. there being public use facilities there they could get away with spending that cash helping us out.

covcity4life · Apr 25, 2014

No future with SISU said:
Her family have more history with the club than most supporters, so i would belive her over any of SISU supporters.

her family have helped force ccfc away

if anything they could go down as the worst ccfc fans of all time?

lordsummerisle · Apr 25, 2014

No future with SISU said:
Joy promised not to "do over a charity".

The council however had no qualms about doing so.

martcov · Apr 25, 2014

They thought they would get their money back at an agreed formula secured by their share. Not a return as in a risky investment, but as you said a sort of guaranteed loan.

Ian1779 · Apr 25, 2014

Well they kind of did know they would get something, as they purchased half of ACL which we know meant they were entitled to revenues from stadium complex.

Don't get me wrong... They deserve their money back to continue their work. But this has gone way past that because of the people involved.

It is exacerbated by this line that people seem to take in highlighting the emotional impact. No one cares about that at Higgs, SISU, ACL. Their actions are driven by money.

No future with SISU · Apr 25, 2014

lordsummerisle said:
A charity shouldn't really haave got involved in bailing out millionaire owners of a football club in the first place.

However, if anybody was to buy their share of ACL off them then they should be paid what that share is worth regardless, whether it's worth £20million or £10.

If you need to sell it is worth what some one will pay for it. If you do not need to sell and offer it for sale it is worth what you want for it.

lordsummerisle · Apr 25, 2014

No future with SISU said:
If you need to sell it is worth what some one will pay for it. If you do not need to sell and offer it for sale it is worth what you want for it.

The same goes for the club as well of course, so nobody can say that it is "worthless" when they're expected to accept a one pound offer.

martcov · Apr 25, 2014

"her family have helped force ccfc away

if anything they could go down as the worst ccfc fans of all time?"

What are you Neanderthals on? Look, I am sorry if over estimated your IQ, but you do seem to have "learning difficulties". Higgs did not force CCFC to leave.

CCFC could have paid for their share, but didn't. This whole affair is a crazy miscalculation by a hedge fund. To blame the Higgs Charity for the demise of CCFC shows yet again that you are ignorant and have a comprehension problem.

No future with SISU · Apr 25, 2014

covcity4life said:
her family have helped force ccfc away

if anything they could go down as the worst ccfc fans of all time?

SISU told the charity give us your shares in ACL for£1.5m or we will leave. How is that helping force CCFC away

No future with SISU · Apr 25, 2014

lordsummerisle said:
The council however had no qualms about doing so.

How is the council "doing over a charity"

skyblueinBaku · Apr 25, 2014

covcity4life said:
her family have helped force ccfc away

if anything they could go down as the worst ccfc fans of all time?

Nobody forced CCFC away. They left of their own free will (or, at least, Sisu's free will).

James Smith · Apr 25, 2014

Ian1779 said:
Well they kind of did know they would get something, as they purchased half of ACL which we know meant they were entitled to revenues from stadium complex.

Don't get me wrong... They deserve their money back to continue their work. But this has gone way past that because of the people involved.

It is exacerbated by this line that people seem to take in highlighting the emotional impact. No one cares about that at Higgs, SISU, ACL. Their actions are driven by money.

They may be entitled to revenues from their half of ACL I haven't seen that information anywhere though. The fact is they haven't had any revenue from their share as far as we know, all the profits if any are reinvested into the Ricoh.

No future with SISU · Apr 25, 2014

lordsummerisle said:
The same goes for the club as well of course, so nobody can say that it is "worthless" when they're expected to accept a one pound offer.

It was a £1 and the Debts as well , so SISU could have walked away with no loss and a £1 profit. That would have been to much as the shit way they run the CCFC for 5 years.

covcity4life · Apr 25, 2014

No future with SISU said:
SISU told the charity give us your shares in ACL for£1.5m or we will leave. How is that helping force CCFC away

me and and you are going to become great friends one day

Ian1779 · Apr 25, 2014

James Smith said:
They may be entitled to revenues from their half of ACL I haven't seen that information anywhere though. The fact is they haven't had any revenue from their share as far as we know, all the profits if any are reinvested into the Ricoh.

If all profit is reinvested into Ricoh complex why would SISU want to buy them? That doesn't seem to add up.

James Smith · Apr 25, 2014

Ian1779 said:
If all profit is reinvested into Ricoh complex why would SISU want to buy them? That doesn't seem to add up.

As I understand it ACL have reinvested any profits and the shareholders (charity and the council) have not taken any dividends. If someone else bought ACL then I doubt there would be any rules saying that they had to reinvest all the profits in the Ricoh. Might be wrong though, the council can take a dividend I think if profits are above a certain level (which is in the millions I think) but they haven't yet.

Marilyn Knatchbull Hugessen answers questions (1 Viewer)

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