My plea to the Higgs trust plus response (8 Viewers)

shy_tall_knight · Nov 12, 2014

A simple 11th hour plea not to sell to WASPS.
I recognise that the current owners of CCFC have acted appallingly regarding your charity and the way they have treated the Coventry fans but in my opinion leaving the football (regardless of who owns them) no opportunity of getting a stake in the Ricoh I fear condemns us to lower league / non-league football for the foreseeable future.

Do you have to sell ? Why not keep them. Hopefully a change of ownership may if possible allow you to sell to more amenable people.

--

As is common knowledge the Trustees received an offer for their shares from Wasps and asked the Joint Liquidators of CCFC Ltd if they wished to make an offer for those shares. The Joint Liquidators have made an offer and the Trustees will consider it. They will take advice and when finally satisfied as to the course of action that is in the best interests of the Charity they will make their decision. That decision, by law, will be in the best interests of the Charity. The Trustees have to separate their personal feelings from the decisions they make as Trustees. They certainly will not make any decision deliberately to harm or help any private business: they will decide solely in line with the objectives of the Charity.

As the Trustees have made no decision at this time I can add little more.

Regards

Peter Knatchbull-Hugessen
Clerk

ccfc1234 · Nov 13, 2014

Hope ccfc have put a decent bid in. Not getting half the Ricoh would be a disaster.

mattylad · Nov 13, 2014

shy_tall_knight said:
A simple 11th hour plea not to sell to WASPS.
I recognise that the current owners of CCFC have acted appallingly regarding your charity and the way they have treated the Coventry fans but in my opinion leaving the football (regardless of who owns them) no opportunity of getting a stake in the Ricoh I fear condemns us to lower league / non-league football for the foreseeable future.

Do you have to sell ? Why not keep them. Hopefully a change of ownership may if possible allow you to sell to more amenable people.

--

As is common knowledge the Trustees received an offer for their shares from Wasps and asked the Joint Liquidators of CCFC Ltd if they wished to make an offer for those shares. The Joint Liquidators have made an offer and the Trustees will consider it. They will take advice and when finally satisfied as to the course of action that is in the best interests of the Charity they will make their decision. That decision, by law, will be in the best interests of the Charity. The Trustees have to separate their personal feelings from the decisions they make as Trustees. They certainly will not make any decision deliberately to harm or help any private business: they will decide solely in line with the objectives of the Charity.

As the Trustees have made no decision at this time I can add little more.

Regards

Peter Knatchbull-Hugessen
Clerk

If the objectives of the charity are to help the people of Conventry then there can be only two of the three options open. 1) keep the shares (wont happen because we know they want to sell) 2) release the shares to CCFC. There is no way the option 3) release the shares to Wasps can be seen as in line with any charitable objectives and will be done solely for the benefit of a private business.

letsallsingtogether · Nov 13, 2014

mattylad said:
If the objectives of the charity are to help the people of Conventry then there can be only two of the three options open. 1) keep the shares (wont happen because we know they want to sell) 2) release the shares to CCFC. There is no way the option 3) release the shares to Wasps can be seen as in line with any charitable objectives and will be done solely for the benefit of a private business.

But is CCFC not a private Business and are Wasps not now a local club trying to help the locals? So it can go ether way

blueflint · Nov 13, 2014

mattylad said:
If the objectives of the charity are to help the people of Conventry then there can be only two of the three options open. 1) keep the shares (wont happen because we know they want to sell) 2) release the shares to CCFC. There is no way the option 3) release the shares to Wasps can be seen as in line with any charitable objectives and will be done solely for the benefit of a private business.

if wasps offer more money then as a charity they would be stupid not to accept

mattylad · Nov 13, 2014

blueflint said:
if wasps offer more money then as a charity they would be stupid not to accept

If Wasps had offered more money we would already have had a decision.

mattylad · Nov 13, 2014

letsallsingtogether said:
But is CCFC not a private Business and are Wasps not now a local club trying to help the locals? So it can go ether way

But the fans of CCFC are in the majority the people of Coventry and that is the charitable aim to help the people of Coventry. The current fans of Wasps are from London and surrounding areas so hardly local.

hill83 · Nov 13, 2014

mattylad said:
But the fans of CCFC are in the majority the people of Coventry and that is the charitable aim to help the people of Coventry. The current fans of Wasps are from London and surrounding areas so hardly local.

It's about helping the local economy not fans. So if anything fans from outside bringing money in is better than us having to spend it ourselves.

italiahorse · Nov 13, 2014

hill83 said:
It's about helping the local economy not fans. So if anything fans from outside bringing money in is better than us having to spend it ourselves.

I suspect if the Ratepayers of Coventry are up to speed on what Sisu tried to do then Wasps would get their vote.
In reality I guess most don't really care.

hill83 · Nov 13, 2014

I've said before, if you take us out of it (Cov fans) and Cov RFC fans. Bringing a massive top level rugby team into the city can only be a good thing. Money money money.

mattylad · Nov 13, 2014

hill83 said:
I've said before, if you take us out of it (Cov fans) and Cov RFC fans. Bringing a massive top level rugby team into the city can only be a good thing. Money money money.

But are charitable efforts all about making money. Do you think the person living in a council house in Foleshill is going to actually benefit from a top flight rugby club being here? Go and look at the area around Wembley. Old Trafford or Anfield...I don't see the residents all driving round in bentleys just the players.

Kingokings204 · Nov 13, 2014

Surely ccfc getting the other half has to benefit wasps anyway. Shared income yes but a big football entity with them and more sponsors, negotiation power with naming rights and advertising. More opportunities more income to share. I think it would really work. Not as much for wasps to plough into the Ricoh. Many many positives to selling to ccfc

hill83 · Nov 13, 2014

No but it will help local businesses assuming they get the numbers. Dave from round the corner isn't getting a free tenner regardless.

hill83 · Nov 13, 2014

That's what I reckon they'll come up with anyway. Hopefully they sell to CCFC.

DazzleTommyDazzle · Nov 13, 2014

Kingokings204 said:
Surely ccfc getting the other half has to benefit wasps anyway. Shared income yes but a big football entity with them and more sponsors, negotiation power with naming rights and advertising. More opportunities more income to share. I think it would really work. Not as much for wasps to plough into the Ricoh. Many many positives to selling to ccfc

In a sensible world that would be true.

In our world, instead of putting ourselves forward as enthusiastic potential business partners, we're "imminently" going to announce the purchase of the land for our new stadium.

shy_tall_knight · Nov 13, 2014

Big crowds generated by WASPS games will benefit the local economy, I think that's obvious however dwindling crowds at CCFC will also have a negative impact on the local economy. Was in the directors area with the Plymouth Directors last night, although didn't get into the director's box (no smutty remarks) they weren't overly impressed by the Ricoh corporate facilities until I mentioned that there is a higher floor with a function room that can accommodate up to 1,000.

Kingokings204 · Nov 13, 2014

DazzleTommyDazzle said:
In a sensible world that would be true.

In our world, instead of putting ourselves forward as enthusiastic potential business partners, we're "imminently" going to announce the purchase of the land for our new stadium.

Yes that's true. Our owners don't help with this "new stadium" I can only think they are still saying this to scare wasps in thinking they will go if they have to rent off them and obviously wasps want ccfc to stay as its just an obvious thing to have us there. It has to be better.

One positive and I am clutching at straws I know but the bid was made by us 7-8 days ago and nothing yet of it turned down so if they wanted to surely they would of by Now?

DazzleTommyDazzle · Nov 13, 2014

Kingokings204 said:
Yes that's true. Our owners don't help with this "new stadium" I can only think they are still saying this to scare wasps in thinking they will go if they have to rent off them and obviously wasps want ccfc to stay as its just an obvious thing to have us there. It has to be better.

One positive and I am clutching at straws I know but the bid was made by us 7-8 days ago and nothing yet of it turned down so if they wanted to surely they would of by Now?

Possibly, or given SISU's track record all parties are attempting to dot every i and cross every t, in advance of the court case.....

Rusty Trombone · Nov 13, 2014

Kingokings204 said:
Surely ccfc getting the other half has to benefit wasps anyway. Shared income yes but a big football entity with them and more sponsors, negotiation power with naming rights and advertising. More opportunities more income to share. I think it would really work. Not as much for wasps to plough into the Ricoh. Many many positives to selling to ccfc

They can get those benefits with CCFC being tenants, with the added bonus of not having to share the income. If Wasps think they can make money, there is no reason why they would want other shareholders involved.

Raggs · Nov 13, 2014

Rusty Trombone said:
They can get those benefits with CCFC being tenants, with the added bonus of not having to share the income. If Wasps think they can make money, there is no reason why they would want other shareholders involved.

That would be my thinking, own 100% and give CCFC a very good deal on the rental agreement in order to keep them.

duffer · Nov 13, 2014

hill83 said:
I've said before, if you take us out of it (Cov fans) and Cov RFC fans. Bringing a massive top level rugby team into the city can only be a good thing. Money money money.

Fair enough, but if Wasps coming here means that either CCFC stay rooted in the lower divisions, or leave the city, then this inevitably has to be a net loss of money.

As for 'massive', much as I like rugby it's peanuts compared to football in terms of supporter base and status - and compared to the really big clubs, Wasps are arguably a middling side.

Edit: As an aside, I note that Wasps are giving away 'thousands' of free tickets. To me that shows what a huge draw they are in the area.

Sbarcher · Nov 13, 2014

Sick of hearing a million and one suppositions for this situation. Does anyone know when a decision will be made so we can move on to the next round of bullsh*t?

Skyblueweeman · Nov 13, 2014

Sbarcher said:
Sick of hearing a million and one suppositions for this situation. Does anyone know when a decision will be made so we can move on to the next round of bullsh*t?

Well, today is Thursday....

Kingokings204 · Nov 13, 2014

DazzleTommyDazzle said:
Possibly, or given SISU's track record all parties are attempting to dot every i and cross every t, in advance of the court case.....

Yes what I think in my head also. My heart says it's good they haven't rejected the bid yet

Kingokings204 · Nov 13, 2014

Rusty Trombone said:
They can get those benefits with CCFC being tenants, with the added bonus of not having to share the income. If Wasps think they can make money, there is no reason why they would want other shareholders involved.

But they don't have to plough as much in with just 50% and got the risk of ccfc leaving again but they wouldn't want regardless. I know I'm clutching at straws but it's possible.

skybluefred · Nov 13, 2014

DazzleTommyDazzle said:
In a sensible world that would be true.

In our world, instead of putting ourselves forward as enthusiastic potential business partners, we're "imminently" going to announce the purchase of the land for our new stadium.

Well the rocket landed safely after a 10 year flight, but the terrain doesn't look suitable for Football so they will have to look a bit further afield.:laugh:

dongonzalos · Nov 13, 2014

shy_tall_knight said:
A simple 11th hour plea not to sell to WASPS.
I recognise that the current owners of CCFC have acted appallingly regarding your charity and the way they have treated the Coventry fans but in my opinion leaving the football (regardless of who owns them) no opportunity of getting a stake in the Ricoh I fear condemns us to lower league / non-league football for the foreseeable future.

Do you have to sell ? Why not keep them. Hopefully a change of ownership may if possible allow you to sell to more amenable people.

--

As is common knowledge the Trustees received an offer for their shares from Wasps and asked the Joint Liquidators of CCFC Ltd if they wished to make an offer for those shares. The Joint Liquidators have made an offer and the Trustees will consider it. They will take advice and when finally satisfied as to the course of action that is in the best interests of the Charity they will make their decision. That decision, by law, will be in the best interests of the Charity. The Trustees have to separate their personal feelings from the decisions they make as Trustees. They certainly will not make any decision deliberately to harm or help any private business: they will decide solely in line with the objectives of the Charity.

As the Trustees have made no decision at this time I can add little more.

Regards

Peter Knatchbull-Hugessen
Clerk

The plea needs to be made to Wasps
As I have always said if SISU are serious they should bid very high. With proof of funds. so the Charity legally have to accept the offer.
Make it as public as can be so a campaign starts.
The campaign would be a swell of pressure on wasps not to veto so a children's charity gets a lot of money and a football club survives.

If SISU have bid big then they should make it public. The wasps bid is public knowledge

Grendel · Nov 14, 2014

dongonzalos said:
The plea needs to be made to Wasps
As I have always said if SISU are serious they should bid very high. With proof of funds. so the Charity legally have to accept the offer.
Make it as public as can be so a campaign starts.
The campaign would be a swell of pressure on wasps not to veto so a children's charity gets a lot of money and a football club survives.

If SISU have bid big then they should make it public. The wasps bid is public knowledge

Where is it public knowledge?

dongonzalos · Nov 14, 2014

Grendel said:
Where is it public knowledge?

How much do you think wasps are going to buy the charities shares for?
Where did you get that figure from?

torchomatic · Nov 14, 2014

No they're not a local club.

letsallsingtogether said:
But is CCFC not a private Business and are Wasps not now a local club trying to help the locals? So it can go ether way

2SP · Nov 14, 2014

The charity may have devalued their shareholding by giving Wasps the casting vote the converting their shareholding to a minority one. If they cannot show a valid reason for this I cant see how they can explain this decision.

Hobo · Nov 14, 2014

We can but hope that Wasps and SISU find a way and see the benefits of working together on this.

Without both wanting it to work, I can't see it happening.

oldskyblue58 · Nov 14, 2014

2SP said:
The charity may have devalued their shareholding by giving Wasps the casting vote the converting their shareholding to a minority one. If they cannot show a valid reason for this I cant see how they can explain this decision.

If the Charity is receiving the same amount as CCC or possibly more if the CCFC bid is accepted and more how have they devalued anything artificially? So what is to explain?

Sbarcher · Nov 14, 2014

Did the 30 days submission limit start from the Wasp's announcement on the 8th October? Now the 14th November - what news?

letsallsingtogether · Nov 14, 2014

torchomatic said:
No they're not a local club.

Give it a couple of years they will be.
Look don't agree with it but hey what the fuck can we do about it?
Nothing just like we could do nothing about what Sisu have and will continue to do.

People come on here moaning and groaning about our situation only one side can be blamed for this.

They have numerous different groups giving them solutions and ideas but have listened to none of them, have ploughed on like they can do as they please well on this occasion they have fucked it right up and fucked us at the same time.

Sorry but the quicker they fuck off the better they have not been transparent on one issue.

My plea to the Higgs trust plus response (8 Viewers)

Well-Known Member

Well-Known Member

Member

Well-Known Member

Well-Known Member

Member

Member

Well-Known Member

Well-Known Member

Well-Known Member

Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

New Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

New Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

New Member

Well-Known Member

CCFC Finance Director

Well-Known Member

Well-Known Member

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency