The Penguin
Well-Known Member
I think rape and giving money to a football club are hardly comparative.
I also think you can show disapproval without abusing someone personally. Attack the argument by all means, but why attack the person?
Not taking either side but this is such a stupid argument. Just of to rape your mum, hope I'm entitled to make my choices without abuse or judgement.
Abuse and judgement is how humans show disapproval and enforce societal norms. They were invented for a reason: to make those outside of societal norms conform.
You have a right to an unpopular opinion, you don't have the right for your opinion to be welcomed.
No one has ever had a problem with SISU breaking even or even making a profit. Ridiculous question.
I'm interested that SISU have always said they would bring in external events management experts to run the facility. I guess that doesn't sit well with ACL employees who have a vested interest in keeping their job - even if they are not very good at it.
So if owning the stadium is what is required to break even... what's the problem??
The Coventry Telegraph reported on November 27th 2012, more than a month before the £14m council mortgage deal, that talks over buying the 50% stake had broken down.
The article said:
Have there ever been a statement from sisu/ccfc that they want the freehold? Or is it words from another stakeholder? Or leaked info from behind scene negotiations?
Wouldn't they be satisfied with 100% ownership of ACL and a 125 year lease?
About the charges over assets ... you make it sound as something evil. Isn't it simply to protect investments? And ... to some degree ... to protect against a hostile takeover?
No coincidence. Acl & CCc don't want to deal with sisu and are actively attempting to work with potential new owners and have done for some time.Yes, and at that point two things had happened:
1) The ACL chairman had become director at Yorkshire Bank
2) Hoffman and Elliott were back in town and very loudly promoting an potential investor (no, not PH4 - the chinese).
But of course ... that's all just coincidences!
If SISU are not interested in a 50% stake in ACL, why did they negotiate a deal to buy 50% of ACL just last December?
Yes, and at that point two things had happened:
1) The ACL chairman had become director at Yorkshire Bank
2) Hoffman and Elliott were back in town and very loudly promoting an potential investor (no, not PH4 - the chinese).
But of course ... that's all just coincidences!
so you think the dark cloud will go if sisu get 50%, I THINK THE DARK CLOUD WILL BURST UNLEASHING TOTAL CARNAGE.(Do what is right and sell a 50% stake in the Ricoh Arena too Otium Entertainment Ltd (SISU). This will not be a popular post, but the stand-off between ACL/CCC and SISU has gone on for long enough. I am not a doubter that yourself, other members of ACL and senior members of the Council, have the best interets of the people of Coventry at heart, however as I can see it there is a heavy dark cloud lingering over the City and something needs to happen to lift the spirits again.)
as you can see you are in a minority so sorry it shouldn't happen
not about the rent, not about the ownership of 50% of ACL ............ this is now simply about ownership of the stadium complex and development land...... got to ask do CCFC need that ownership to survive?
Ownership of ACL is not on the table a long lease might be. Do you really think that is what SISU are after ........ really???? You do not go to all this planning effort and cost to take second offerings :facepalm:
Been reading too many fairy tales Godiva? Never implied it was wrong or evil to have a charge was just explaining what would be/is the situation.
Have there ever been a statement from sisu/ccfc that they want the freehold? Or is it words from another stakeholder? Or leaked info from behind scene negotiations?
Wouldn't they be satisfied with 100% ownership of ACL and a 125 year lease?
About the charges over assets ... you make it sound as something evil. Isn't it simply to protect investments? And ... to some degree ... to protect against a hostile takeover?
And it was probably just a coincidence that concerns were being raised about ACL's financial viability shortly after discussions began with Sisu over buying a half-share in the Ricoh...
Do you have a link to a source for this? I have been looking without success.
I have dug up Coventry Telegraph reports that there were talks in May 2012 (http://www.coventrytelegraph.net/news/coventry-news/coventry-city-owners-sisu-talks-3024826) but the paper reported on November 27, 2012, that these had broken down...
Well, according to sisu/fisher(!) it was all part of a joint plan with the ccc todistress the ACL mortgage at Yorkshire Bank. This way sisu could buy the mortgage at a very low price (£5-£8m) and discharge it as part of the deal to buy the Higgs shares.
That was the allegation in Sisu's judicial review statement wasn't it? If memory serves me correctly, just before the judge gave his verdict on that I'm sure I saw a tweet from Les Reid saying he had been informed a couple of weeks earlier that a statement had been submitted by the other side and he was going to ask for a copy, but I don't recall seeing any story published from it. Maybe the story became out-of-date once the judge's decision was handed down.
you can read les reids twittter....... just google it
You just can not contribute to it without signing up
I have completely forgotten about Les Reid and his quest to get his hands on the ccc replies. Are you on Twitter? Maybe you ... or someone using Twitter ... could ask him if ever he received a copy?
However SISU haven't said that statement is incorrect, a downright lie or started defamation proceedings against ACL which you would think they would do given how much they like resorting to lawyers.Have there ever been a statement from sisu/ccfc that they want the freehold? Or is it words from another stakeholder? Or leaked info from behind scene negotiations?
Wouldn't they be satisfied with 100% ownership of ACL and a 125 year lease?
I agree Penguin, I am not saying that SISU are exempt from this, but the tweet from Nikki Sinclaire yesterday showing that SISU are willing to meet, but the Council aren't? They all need someone to mediate a deal and bang their fookin heads together.
The dates are quite fuzzy on this. The CT reported as early as September that a deal had been reached - http://www.coventrytelegraph.net/news/coventry-news/exclusive-sisu-strikes-coventry-city-3019922 - but then as time went on there were suggestions talks were breaking down. SISU seem pretty clear though that (in their view) that deal - for which they state there was a signed headline agreement, was still live up until the point of the council bail out which killed it. It was at this point that talks over rent reduction began. The terms of the deal SISU have outlined several times in public, and there has never been a denial by the other side that I am aware of.
Dear Peter,
Do what is right and sell a 50% stake in the Ricoh Arena to Otium Entertainment Ltd (SISU).
Way too hasty. We've played 1 game at Northampton, so long as everyone recognizes this is a war of attrition that I'm convinced we can win if we stick to the boycott, then SISU have to yield at some point surely.But it's not working, where is the quick fire sale of all our better players that was expected? Nowhere.
This won't work what we need is for CCC/ACL & SISU to be reasonable, listen to the public and accept that the current warring isn't getting anyone in any aspect anywhere.
WW2 is not even similar to this situation.
Sometimes it takes the bigger man to stop the fighting than continue.
And why is it always ACL/CCC who have to back down? Answer me that without the owner slant. And in reply to a earlier post from you on this thread, WHO was it who ripped the heart out of the city. The bastards who took us to NT, that's who.
Don't the majority of Coventry residents support Man Utd, Liverpool and Chelsea?
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