Paint money run out? (1 Viewer)

Nick · Oct 6, 2015

italiahorse said:
Answer me one question.
Why did Sisu not bid more than Wasps for the Higgs share ?

Do you know the terms and details of each bid? Can you post them up then we might be able to say.

Is that the same one where the council were doing the pr job when sisu couldn't buy it anyway?

italiahorse · Oct 6, 2015

Nick said:
Do you know the terms and details of each bid? Can you post them up then we might be able to say.

Is that the same one where the council were doing the pr job when sisu couldn't buy it anyway?

Straight away you are defending our owners.
Could they have not have bid £3M and no conditions for Higgs ?

stupot07 · Oct 6, 2015

italiahorse said:
...... because they don't play to the rules and once Wasps were out the way they would continue plan A until ACL folded.

Don't be so naive.

What would that have achieved? If ACL folded the lease would have deferred back to the council.

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italiahorse · Oct 6, 2015

stupot07 said:
What would that have achieved? If ACL folded the lease would have deferred back to the council.

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Is that not worse than the current situation ?

Deleted member 5849 · Oct 6, 2015

On the plus side, this thread's reassured me that sometimes watching paint dry can be more fun than the alternatives.

stupot07 · Oct 6, 2015

italiahorse said:
We could even have a situation where say 'Someco' own it and rent it to both teams.

Why would that of happened? Wasps owner wants to own the ground outright which is why they turned down to opportunity to be partners in a stadium build in London.

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stupot07 · Oct 6, 2015

italiahorse said:
Is that not worse than the current situation ?

Well actually no, the judge that agreed the appeal seems to think they would have gotten more money that way, which is why he allowed the JR appeal.

http://www.coventrytelegraph.net/news/coventry-news/coventry-council-disappointed-after-sisu-9616658

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italiahorse · Oct 6, 2015

stupot07 said:
Well actually no, the judge that agreed the appeal seems to think they would have gotten more money that way, which is why he allowed the JR appeal.

http://www.coventrytelegraph.net/news/coventry-news/coventry-council-disappointed-after-sisu-9616658

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But would ACL folding put a risk on the stadium freehold?
Not sure what would happen to other tenants if ACL stopped paying the bills on the buildings they are renting.
Could possibly be a big domino effect that would have employment implications.

Nick · Oct 6, 2015

italiahorse said:
Straight away you are defending our owners.
Could they have not have bid £3M and no conditions for Higgs ?

I'm not defending anybody, I'm asking for you to post up the details of each bid and conditions on each so we can compare.

italiahorse · Oct 6, 2015

Nick said:
I'm not defending anybody, I'm asking for you to post up the details of each bid and conditions on each so we can compare.

Wasps. £2.75M no conditions
Sisu. £2.75M and conditions on Higgs to be partners in community projects.

Your answer on why Sisu didn't bid more ?

Nick · Oct 6, 2015

italiahorse said:
Wasps. £2.75M no conditions
Sisu. £2.75M and conditions on Higgs to be partners in community projects.

Your answer on why Sisu didn't bid more ?

What about conditions like veto? Are you sure there were none at all?

Why did sisus not get accepted then I'd it was the same money and the only difference was community work?
Wasps was 100% from the start wasn't it?

stupot07 · Oct 6, 2015

Nick said:
What about conditions like veto? Are you sure there were none at all?

Why did sisus not get accepted then I'd it was the same money and the only difference was community work?

You would think a charity that works for children and deprived families would welcome involvement in partnership community ventures.....

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italiahorse · Oct 6, 2015

stupot07 said:
You would think a charity that works for children and deprived families would welcome involvement in partnership community ventures.....

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It didn't fit in with their plans.

http://www.coventrytelegraph.net/news/coventry-news/alan-edward-higgs-charity-reveal-8115323

Deleted member 4439 · Oct 6, 2015

jeepers, just posted a still frame from JM's interview, more in jest than anything else...and I come back to all this. Lesson learnt, will be more careful in future

chiefdave · Oct 6, 2015

italiahorse said:
Wasps. £2.75M no conditions
Sisu. £2.75M and conditions on Higgs to be partners in community projects.

Your answer on why Sisu didn't bid more ?

So on one hand you have a rugby club moving 85 miles after Higgs had spent over a year saying what a disgrace it was to move a club from its community and on the other you have a club who has been in the city over 100 years wanting to pay the same amount and also do charity work that was in line with Higgs stated objectives at the time.

Why should the owners of a club who have played in the city over 100 years have to pay more to own half their stadium than a rugby club from London?

stupot07 said:
You would think a charity that works for children and deprived families would welcome involvement in partnership community ventures.....

You would think that wouldn't you. Its an odd world where wanting to work on community projects is a negative.

italiahorse said:
It didn't fit in with their plans.

http://www.coventrytelegraph.net/news/coventry-news/alan-edward-higgs-charity-reveal-8115323

Or more accurately those running the Higgs trust decided to completely change the objectives of the charity and didn't think to mention this to anyone until after they had rejected the bid. Of course they could always have said to SISU we'll accept your bid but the charity is changing so we can't work on any joint community projects.

Astute · Oct 6, 2015

stupot07 said:
You would think a charity that works for children and deprived families would welcome involvement in partnership community ventures.....

Are you telling me that if someone took the piss out of you like SISU took the piss out of Higgs you would certainly join them in a different joint venture?

SkyBlue_Bear83 · Oct 6, 2015

italiahorse said:
It didn't fit in with their plans.

http://www.coventrytelegraph.net/news/coventry-news/alan-edward-higgs-charity-reveal-8115323

Selling to SISU didn't fit in with their plans.

Its ironic because I'm fairly certain had Wasps proposed the same idea Higgs would have thought it was a great idea and people on here would be waxing lyrical about it about how great they were interacting and engaging with the local community.

italiahorse · Oct 6, 2015

CCFC said:
Selling to SISU didn't fit in with their plans.

Its ironic because I'm fairly certain had Wasps proposed the same idea Higgs would have thought it was a great idea and people on here would be waxing lyrical about it about how great they were interacting and engaging with the local community.

That can only be an opinion surely ?

stupot07 · Oct 6, 2015

Astute said:
Are you telling me that if someone took the piss out of you like SISU took the piss out of Higgs you would certainly join them in a different joint venture?

You need to a differentiate between sisu and ccfc. It was for ccfc to do joint ventures with Higgs not Sisu Ltd. we're talking about the football club who has 100+ years of heritage in the city and with SBITC a robust community offer.

They seem happy enough to want the club to come back and as joint owners of ACL allow them to rent the stadium, they also seem (with their interest in Alan Higgs Centre) happy to allow the club to keep their academy at the AHC. In fact didn't PWKH agree the CVA?

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letsallsingtogether · Oct 6, 2015

stupot07 said:
You need to a differentiate between sisu and ccfc. It was for ccfc to do joint ventures with Higgs not Sisu Ltd. we're talking about the football club who has 100+ years of heritage in the city and with SBITC a robust community offer.

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But when TF is associated with both it is hard to differentiate one from the other.

stupot07 · Oct 6, 2015

letsallsingtogether said:
But when TF is associated with both it is hard to differentiate one from the other.

It really not.

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Astute · Oct 7, 2015

stupot07 said:
It really not.

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You would do much better saying that SISU are running our club much better now. They are. It was a SISU bid and not CCFC. Higgs would have had to work with SISU. Nobody in their right mind would invest anything with them.

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