Have CCC actually given a Price yet?
its not what they say, its what they DO !
Action speak louder than words Nick
They "said" that plans would be shown for new stadium, etc etc. I really don;t want to write down the list of everything they "said" but havent done !
Have CCC actually given a Price yet?
It's not to long ago people were asking for a fair offer, now it's over the top, who is supposed to benefit in your eyes?
I don't think it's really about who benefits ... as long as sisu loses.
Who said anything about paying over the top?
I said make an offer that can't be refused. Present their vision of the Ricoh Arena under their ownership.
How it will benefit the club, how it will benefit the city of Coventry, because right now all we've heard is how it will benefit joy and her investors.
If you want to buy something its up to you to take the initiative.
Have they said they want the ricoh for free?
Clearly they don't as they have just turned down an offer that amounts to precisely that.
If, as other posters have pointed out, the "New Stadium" is something more than another Fisher Fantasy then why turn down the rent free offer that would appear to guarantee lower costs and greater revenue. For the next three years whilst building that stadium (though we are now almost 20% of the way through the "Three Year Plan" and don't appear to have a location or planning permission some six and a half months after Fisher told us they would be announced) they can use the RA rent free whilst benefitting from an increase of 500% plus in ticket revenues.
To the best of our collective knowledge they have never made an offer for the freehold - and given the way they play the media you can bet your bottom dollar we would have done had they done so
Conclusions? There isn't and never has been a "New Stadium" to be built on the outskirts of Coventry or anywhere else, they want the ACL part of the business for nothing and will distress them until they get it and they hope to get the freehold, ultimately, if not for free then certainly at a much reduced price indicative of a repossession value or a fire sale
As another poster has pointed out, this is how they conducted business in the past and there is no greater pointer for the future than an examination of history
Most of us knew or believed this anyway but the proof just keeps coming
http://www.bbc.co.uk/programmes/p01l0p08
This should be the show Labovitch was on ....... around about 08:10 this morning
Yes, he seemed to know that Weber Shandwick had four people working on spin for ACL, but not how many sites were under consideration for the new stadium. Funny that.
http://www.bbc.co.uk/programmes/p01l0p08
This should be the show Labovitch was on ....... around about 08:10 this morning
Thanks, gave me a chance to listen.
Most important bit for me was ML saying they had agreed with CCC to buy the stadium- they have a term sheet on CCC paper.
They were to bring in AEG to replace ACL ... and here you may find the reason for the 'slight opposition' from ACL.
But it's not news, we have heard it all before.
Yet many ask why sisu don't just make a bid for the stadium. Well, been there, done that.
Many ask why ACL and sisu can't just agree a deal. Well the deal sisu want will cost ACL their jobs.
So much is about politics, power and some peoples individual position and so little is about the fans, the team or the club.
Yes, he seemed to know that Weber Shandwick had four people working on spin for ACL, but not how many sites were under consideration for the new stadium. Funny that.
You'll forgive me if I don't take his word or it.
You'll forgive me if I don't take his word or it.
Only one mouth tells the truth eh? ACL's?
Most important bit for me was ML saying they had agreed with CCC to buy the stadium- they have a term sheet on CCC paper.
They were to bring in AEG to replace ACL ... and here you may find the reason for the 'slight opposition' from ACL.
No we should be challenging both sides to prove things they claim so we can make our own minds up. The claim from Tim and now Mr Labovitch that they have signed deals from the council - can we see the documents please and the plans for the new stadium which you promised. ACL can you substantiate your claim to be doing better this year and that you can do without the club. Etc.
Well, it's part of the documentation sisu base their JR upon.
Why don't they threaten Northampton council with a jr then? Theyre using tax payers money to redevelop sixfields aren't they?
Only one mouth tells the truth eh? ACL's?
I work regularly with AEG and I've asked before when this has been raised and had the people I work with ask around and no one at AEG seems to know anything about this, the comment I always get back is they have a very good working relationship with ACL that they are more than happy with (it is AEG who put on most of the stadium shows in the summer).
Also raises the question how would SISU, when buying the freehold from the council, be in a position to replace ACL who would have 40plus years to run on a valid lease.
I've sure ML can explain all this and will be releasing the paperwork showing he is correct through the Telegraph, Bob Ainsworth, club website or by some other means. Or could it be that he is being deliberatly misleading and is referring to the agreement made with the council, discussed on the Lamptey podcast, that had a prerequisite of SISU purchasing Higgs 50% share in ACL, which of course we all know was a deal that SISU agreed with Higgs and then walked away from leaving Higgs to pay the legal costs.
They agreed a head of terms ............ which is not a binding contract no matter whose note paper it is on
I believe there was a similar head of terms agreed in January wasnt there?
if Mr Labovitch is an independent director does that mean his views are his own not necessarily those of the Board or owners?
ML clearly said they would bring in AEG to manage the stadium and that CCC had been 'blown away' by their presentation. not blown away enough to do the deal though
The deal was to buy out the mortgage (and discharge it) and to take over the CCC shares in ACL. They would in bilateral negotiations buy Higgs shares as well. was it to do that or was it to encourage the council to accept the SISU purchase of the Higgs Charity shares...... not sure the ccc has ever said their shares are for sale. It would also leave ACL owing SISU for discharging the loan.
I don't think you will find any documents being leaked by sisu - I can't remember they have ever done that, so not in their genes. They have presented the documents to the court and the documents can well have been the pivotal to the court giving the go-ahead for an actual JR. well the council didnt present boxes of documents to the court so long as there was enough reasonable evidence from SISU the JR was bound to happen
Still one thing seem clear - they agreed with CCC to buy the mortgage and discharge it except there was no contract to do it. But before that happened CCC bought it themself. Between agreeing HOT and CCC buying the mortgage the chairman of ACL became director in Yorkshire Bank. Coincidence? you tell me in what way do you think it might have influenced things?
I think that we have we've around this way at least once before. Didn't the HOT require SISU to buy the Higgs Trust's share of ACL? They failed to do this and, if so, who broke the HOT first?I agree - it's not binding, but it guides both parties to actions that should achieve the terms and set the expectations that 'we are working together'.
People here have been all over sisu about how we can't trust anything they say ... well, if we can't trust the CCC when they agree terms, then I think that is just as bad.
Are you suggesting he was making up what he said about the HOT or bringing in AEG as management of the stadium?
Just because he is not an executive director it doesn't mean he is doesn't know what is happening or that he is telling lies on the radio?
got to be honest the thought of allegedly intentionally distressing two companies so that one can not pay its bank liabilities makes me slightly uneasy..... if it happened at all .... and we dont know for sure
Never forget, this is a hostage situation- Coventry won't get its club back til the ransom is paid.
I am suggesting nothing of the sort ...... i am saying that if independent he is not always going to be in line with the rest of the Board on all issues. As such it further confuses things. Just because you me labovitch etc say anyhthing doesnt mean it is right 100% of the time....... I like to see the proof, preferably from a third party
Would it not make more sense for the Ground to buy the Club than the Club buy the Ground, how much is the Club worth?
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