Not to Joe Public doom brain.Old news!
The bloke mediating the Middle East process has got more chance of success than the CCC-Wasps-SISU mediator.
Whilst the JRs seem to contradict each other, isn’t the argument “it wasn’t worth what Wasps paid with the 40 year lease” and the second is “they haven’t paid enough with the 250 year lease”?Mediator .. "So although you said the Ricoh was not worth what Wasps paid, you now say that they have not paid enough and you want Wasps to pay another £30M ?"
Sisu .. "Yes"
Mediator .. "Why the fcuk am I here ?"
Whilst the JRs seem to contradict each other, isn’t the argument “it wasn’t worth what Wasps paid with the 40 year lease” and the second is “they haven’t paid enough with the 250 year lease”?
Whilst the JRs seem to contradict each other, isn’t the argument “it wasn’t worth what Wasps paid with the 40 year lease” and the second is “they haven’t paid enough with the 250 year lease”?
I’m not knocking that, like you said in the first JR it was based on the 40 year lease. The second claim is based on a 250 year leaseThere has only been one JR verdict up to now so I'm using those facts. JR2 facts are yet to be decided.
You can feed in that Sisu had also previously signed heads of terms with CCC which included a 125 year lease in 2012.
If that was the case then no extension would have been agreed for next season.Either way we’re getting kicked out of the Ricoh at the end of next season, unless something gives and I somehow doubt that
I’m not knocking that, like you said in the first JR it was based on the 40 year lease. The second claim is based on a 250 year lease
Either way we’re getting kicked out of the Ricoh at the end of next season, unless something gives and I somehow doubt that
I’m not knocking that, like you said in the first JR it was based on the 40 year lease. The second claim is based on a 250 year lease
Either way we’re getting kicked out of the Ricoh at the end of next season, unless something gives and I somehow doubt that
The latest accounts show that the intention anyway is to build our own stadium.
SISU moved the goalposts so much that we ended up playing in Northampton.I’m not knocking that, like you said in the first JR it was based on the 40 year lease. The second claim is based on a 250 year lease
Either way we’re getting kicked out of the Ricoh at the end of next season, unless something gives and I somehow doubt that
Wasps will just give us another 12 month deal. They won't however give us a long term deal while the court battle goes on.
The latest accounts show that the intention anyway is to build our own stadium.
At least CCFC have filed accounts:
WASPS FINANCE PLC - who have the Bond holders money
Accounts overdue
Next accounts made up to 30 June 2017
due by 31 December 2017
Last accounts made up to 30 June 2016
efforts to progress relocating to an alternative long term home ground for the club continue...
just "efforts" now. talk about downgrading
Theoretically the court can order the whole deal to be unwound and the sale process started again. So Wasps would get back the money they paid the council and ownership would switch back to the council. There would then be an open sale process.How on earth can a private business be forced to pay more on a lease deal with a council ?
Because they've looked at the evidence presented and have decided there is a case to answer. No matter how ridiculous you or I may think it is or that the chance of SISU winning is zero its a slippery slope if we start picking and choosing which parts of the legal process can be used. Who would make that decision anyway, its already been before a judge who has instructed it to go ahead.Why do the courts entertain these idiots ?
It will leave a worthless football club with no assets.Still struggling to see what CCFC or SISU/ARVO will get from this court action. Yes I get Wasps will be ordered to pay an extra gazillion pounds, go bust because they can’t and SISU claim for compensation of some sort but then what? How much compensation will they get for not being offered a deal that the court has just confirmed they/we couldn’t afford in the first place? Any compensation that the club gets from that claim will most likely be used to pay of the debt to SISU/ARVO I would imagine and then what? CCFC, SISU or ARVO are going to purchase the remains of ACL and extend the lease for the exorbitant amount they’ve just established that’s worth in court that’s way beyond a price they wouldn’t pay for it in the first place? Pull the other one. What’s their end game here? Where’s that going to leave CCFC?
How on earth can a private business be forced to pay more on a lease deal with a council ?
If the ruling says its too cheap then the council is too blame.
This is only going one way and wasting everybody's time and money.
Why do the courts entertain these idiots ?
This is all tied to in the State aid claim that they have been made before. but this time on the extended 250yr lease. If the council sold it cheap then it could be classed as that.
I know we are all very cynical and rightly so, but I think theres more to be gained by all parties by sorting this with mediation (possibility this may happen) so lets not rule it out.
Wasps and Council have a lot more to lose reputation wise than SISU. whos name is in the MUD when it comes brand reputation.
But how does it work if they again in the accounts they say they want to build a new stadium.
I'm sick of the silly games.
I don't think it matters what SISU say in the accounts, at least as far as the mediation process goes.
You could flip this around and actually see it as good news. Any side who are seen by the judge as not doing their best to work towards some kind of solution, are likely to get short shrift if it ends up back in the court. It'll be interesting to see if it breaks the deadlock, imho.
Did hear that one of the reasons wasps didn't develop higgs is because they are bracing themselves for a payment to sisu...could be bullshit but reckon they are slightly concerned
Where? When?
I hope that they put more effort into it than they have in the past!it's in the strategic report section of the accounts. Just bog standard guff to be honest:
"A number of challenges continue to face the football club. Although the club has agreed a deal to continue to play at the Ricoh Arena untilthe end of the 2018/19 season, efforts to progress relocating to an alternative long term home ground for the club continue. With regard to the academy, we remain in talks with Coventry Sports Foundation in respect of a longer term contract to remain at our Academy current site."
Did hear that one of the reasons wasps didn't develop higgs is because they are bracing themselves for a payment to sisu...could be bullshit but reckon they are slightly concerned
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