Grendel
Well-Known Member
That makes no sense Don I'm afraid. You are backed into a corner
No that's the whole point the ones to blame would be the owners of wasps and the controlling body of rugby union.
ACL would be crazy not to talk to the consortium.
I assume you fully back that as you have always maintained a children's charity and a council have no business running a football stadium?
Lol !!
I think you will find that was for the freehold. Higgs share of Acl has always been available.
No that's the whole point the ones to blame would be the owners of wasps and the controlling body of rugby union.
ACL would be crazy not to talk to the consortium.
I assume you fully back that as you have always maintained a children's charity and a council have no business running a football stadium?
I think you are ill informed - Higgs can be blocked by the Council - indeed Queen Ann blocked the deal with Receiver. CCC has a golden vote and THEY are blocking any deals with Higgs
That makes no sense Don I'm afraid. You are backed into a corner
The consensus was that Northampton had some of the blame, Walsall turned us down, so if Northampton had turned us down, we'd have been struggling to find somewhere we'd have been forced back to the Ricoh.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Equally ill informed!
I think you are ill informed - Higgs can be blocked by the Council - indeed Queen Ann blocked the deal with Receiver. CCC has a golden vote and THEY are blocking any deals with Higgs
I think you are ill informed - Higgs can be blocked by the Council - indeed Queen Ann blocked the deal with Receiver. CCC has a golden vote and THEY are blocking any deals with Higgs
There's never been a deal for the Higgs share so "THEY" can't block anything as there's nothing to block.
a) There has been and b) THEY blocked the deal with the Receiver
What deal did CCC block for the Higgs share to be sold to SISU?There's never been a deal for the Higgs share so "THEY" can't block anything as there's nothing to block.
a) There has been and b) THEY blocked the deal with the Receiver
What deal did CCC block for the Higgs share to be sold to SISU?
Oooh there is no end to your one sided view of the world is there? I thought ACL were this fantastically run business that didnt need an anchor sports tennant??
Turns out they are as greedy and petulant as SISU and this "proposal" is as provocative and daft as SISUs "proposal" to build a new ground. There is a symbiotic relationship between both sides and they know it. The only engame is a long term deal. Oh and Higgs can piss off too-pointless sleeping partners that continue to get in the way.
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How wonderfully educated and balanced you are.......The same Higgs Trust that saved CCFC from oblivion by bailing us out.
Why Coventry City have only themselves to blame for missing out on a stake in the Ricoh Arena................
Wasps are in talks to buy a major stake in the Ricoh Arena and it's Coventry City's fault
The crowd at the floodlit Ricoh Arena
The proposed deal for Wasps to buy a controlling stake in the company that runs the Ricoh Arena has quickly dashed any hopes of a lasting peace between the owners of Coventry City and ACL.
Why did we think it would be any different?
When the Coventry Telegraph declared it was time to #bringCityhome we said that despite the bad blood between the two sides, everyone had to move on.
Of course not everyone did. Sisu are still pursuing the council in an expensive legal battle they have already comprehensively lost once and in which they have criticised by a judge for trying to “distress ACL’s financial position, with a view to driving down the value of ACL and thus the price of a share in it”.
And that’s the real problem here. After being subjected to a sustained legal and financial assault it can hardly be a revelation that Coventry City Council and the Alan Edwards Higgs Charity don’t fancy selling their ACL shares to Sisu and have decided to move on with another buyer.
When the Alan Edwards Higgs Charity bailed out the Sky Blues in 2003 and bought their half share in ACL they did so with the intention of selling it back. A formula was even agreed to fix the price.
Sisu and the charity did try to do a deal – with the consent of the council – in 2012 but it fell apart because, in the words of a judge , “neither party had any appetite to seek to pursue negotiations or seek to conclude such a deal.”
The club have wasted ELEVEN years in which they could and should have coughed up for a stake in the stadium they call home.
That ship looks to have sailed and instead they could now find themselves, at best, as tenants in their home city to a club from a different sport and a different part of the country who will churn up the pitch every other week during the season.
Good luck to Steven Pressley and the passing game he demands from the team. And good luck to Coventry Rugby Club, steadily and lovingly being rebuilt in the third tier of English rugby but now waiting for a top-flight side to land on their doorstep.
So what - or where - next for Coventry City?
The two-year deal agreed for the Ricoh return gives short-term security but we don’t know the detail of the two-year option that follows and the future is now far from certain.
They started talking about building a new stadium more than year ago but, despite promises from directors that they hoped to announce a site last September and then January, we still have no idea where that may be.
There has been a change in language from the club this year, with the message that the Sky Blues need to ‘own’ their own stadium - the word build, whether deliberately or not, seemingly dropped like an out-of-favour player.
Maybe, having bought a controlling stake in the Ricoh, Wasps will want to cash in by becoming partners with their tenants, or maybe they’ll want to up the rent.
There was a theory among some fans that if Sisu got their hands on the Ricoh they would have something to sell and those wanting them out of the club would get their way.
There isn’t a long queue of people wanting to buy a League One club that doesn’t own its own ground. Equally, if it’s not an attractive proposition for potential owners, how attractive will be it for Sisu’s investors (£40m lost and counting) if they lose their last-chance legal fight at the Court of Appeal?
That great night at the Ricoh on September 5 suddenly seems an awfully long time ago.
I can't see much hero-worship of ACL here, except in the eyes of those who seem to search for it in every post so that they can take umbrage.
Most people here seem to be saying that ACL are wrong to propose that Wasps move to the Ricoh.
However whilst the club are taking the line that their future is away from the Ricoh, it seems fairly obvious that ACL are going to look for other ways to build their business. I don't doubt the Council and Higgs would like to be clear of it all too. That's something that most people seem able to accept - it's hardly hero-worship!
The quick way through this is for the club to say to ACL that they are interested in the kind of deal that ACL are offering to Wasps. If they do that then the pressure is back squarely on ACL to do a deal with CCFC rather than Wasps. Whilst Fisher bangs on about building a new stadium though, that's unlikely to happen. It's hard to see that as ACL's fault, imho.
Exactly!!
Sadly many fans loyalty is blinding them from seeing for what it is. Haven't seen SISU or Joy come out with a statement regarding this possible sale. So they must be fine with it and ready to go ahead to build the new stadium.
To be honest maybe it is better if the Wasps buy the ACL share and the football can move on and start building there new tin pot stadium. We can then start concentrating on footballing matters.
We should be using our energy to get an answer from SISU on when and where are they building a new stadium. If the Wasp deal goes through, can't see the CCC blocking any move for them to build it in Coventry.
The danger here is that if it becomes a game of bluff between SISU and ACL the stakes may get raised to save face.
SISU might be stupid enough to push for a new stadium outside Coventry and really mess the club and fans up.
The danger here is that if it becomes a game of bluff between SISU and ACL the stakes may get raised to save face.
SISU might be stupid enough to push for a new stadium outside Coventry and really mess the club and fans up.
And ACL may fail to "rebuild trust" and let CCFC slip through their fingers.
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