The purchase is worthless. It gives the football club what exactly?
Its worth nothing - it gives the club nothing yet you still drone on. What does it give you? What's the benefit?
50% of the company that has 40 odd years lease.....and naming rights that will be up soon. A big say on rent payable which they would own 50% of the company that the rent would be paid to. A foot in the door to have talks about the freehold in the future.
Osb or anybody else.
How was the value of the original CCFC share in ACL arrived at?
Why was it £6m? How could shares in a new company that hadn't traded be valued as such?
I assume It was 50% of what CCC were out for In their own Investment,coupled with the £21M shortfall funded through the lease .
What did CCFC do with the £6m?
Why did the charity undertake such a risky purchase?
Even though the other major shareholder thought it was over priced.
Not on video
So we'd be able to keep our badge/kit/name if red bull came in?
sorry, question for martcov.
You're spot on, I've helpfully edited your comment.
It's not on video and the minutes are redacted.
http://democraticservices.coventry.gov.uk/ieListDocuments.aspx?CId=130&MID=9256#AI3283
I haven't got time now. Was it not claimed on here that there was a video?
I don't know. You tell me. You confidently stated it was.
Send me the link when you find it.
I assume you've got it right.
I wouldn't do that. I'm usually wrong, to be fair.
Good question. A decision was taken on that yesterday. RB Leipzig were only allowed to be promoted into the 2. Bundesliga on Red Bull fulfilling certain conditions. This included changes to the badge ( which they have used since Red Bull came in ) and the administrative structure of the club.
The Bundesliga has rules governing ownership which the 3. Liga didn't have.
I haven't read the decision in full yet as I am very busy.
There are strings attached to Red Bull sponsorship / ownership. Some fans call Leipzig a franchise club ( usually the Lok fans ). Lok Leipzig turned Red Bull down and are now watching their arch rivals climbing the leagues.
Red Bull are associated with sporting success and I would be on to them straight away. It is only a matter of time before they get into England.
Its worth nothing - it gives the club nothing yet you still drone on. What does it give you? What's the benefit?
I thought we had moved to Northampton? Did Timmy fish fuck fishy fish face fisher move us to east Germany overnight?!!!
Look at the badges/ colours of all the clubs red bull are associated with.
As an aside lok are my 2nd team. Calling rb Leipzig arch rivals is a bit of a stretch.
50% of the company that has 40 odd years lease.....and naming rights that will be up soon. A big say on rent payable which they would own 50% of the company that the rent would be paid to. A foot in the door to have talks about the freehold in the future.
If owning 50% of ACL gives you no return then it stands to reason owning 100% of ACL gives you no return. We also know that ownership of the freehold will bring no return until the lease expires in 40 something years so following your logic the club should give up any attempt to purchase either of those. So that leaves either agreeing a rent deal or building a new stadium doesn't it? You've said before it's not viable to rent and we can all clearly see a new stadium isn't financially viable so what do you suggest as a solution?
No it doesn't. Shareholders have no say on policy - that is down to directors. "Foot in the door" is a myth.
Don't Higgs have 2 directors at ACL?
How many is there in total?
The taxpayer apparantly is very concerned for the Higgs trust and do not want to see it ripped off
The council therefore buy them out. The taxpayer will be happy as its only concern is for the Higgs charity. That then leaves CCFC and the council to try and do business. The gooseberry is removed and gets its money back.
You're spot on, I've helpfully edited your comment.
It's not on video and the minutes are redacted.
http://democraticservices.coventry.gov.uk/ieListDocuments.aspx?CId=130&MID=9256#AI3283
How many is there in total?
Think that there are 5 one of which is independent in case of deadlock they have the deciding vote. So getting them on your side is probably a good idea
And who currently is the fifth director?
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