smouch1975
Well-Known Member
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Haha I've nearly got it sussed nowLatter got Wingy syndrome
Haha I've nearly got it sussed nowLatter got Wingy syndrome
He was one of many who wouldnt believe that the Council would sell to a franchise sports team from another City.
Rather than crowing about it, in order to get some brinksmanship over Grendel, look at how many people did believe it might be true. Very few.
I was one of them that thought someone would be interested. Didn't have a clue who thought. And when I wanted SISU to sit down and negotiate before it was too late Grendel started calling it a white elephant that nobody would be interested in.
I feel like Fisher about this – something along the lines of “I get the anger but I don’t understand the surprise”.
From around Christmas time before the Wasps sale, Lucas made it absolutely obvious that another buyer was interested and was prepared to meet the Council’s expectations far more closely than CCFC. At the time, I actually wondered if it was an American Football consortium or something – big stadium with all mod cons, in a fantastic central location. Anyway, if it was obvious to me I’m damn sure it was obvious to SISU, who will definitely have sussed out the opposition. They may be incompetent, but they’re not THAT incompetent. Yet still they stuck to the “unencumbered freehold” line - and if someone else wanted to take on the loans and contracts, more fool them. They gave Wasps a free run because Tim’s spreadsheets placed a very low value on the stadium (even though ownership of it is apparently vital to the survival of the club).
I’m definitely no financial guru and I’m probably thick, but it still confuses me that the people who think the Ricoh is a loss-making white elephant are also the ones who say that Wasps got a priceless asset far too cheaply.
Who was happy at Sixfields? Rather than being vague, name them and show some proof.Funny that but the ones that have been moaning the most about that are the ones who were happy at Shitfields.
I am not happy we moved away, I am not happy that Wasps are here, I am not happy the the 2 bitches wouldn't speak to one anotber.
But hey I am just a simple football fan.
Weirdly most of them have vanished, maybe the pr budget has fallen?If ccfc had been offered the stadium for the same price as the franchise, we would have bought it.
It's still bizarre that some still deem the council as an innocent party in all of this
Weirdly most of them have vanished, maybe the pr budget has fallen?
where's the evidence for this?If ccfc had been offered the stadium for the same price as the franchise, we would have bought it.
It's still bizarre that some still deem the council as an innocent party in all of this
where's the evidence for this?
Telegraph said:Sky Blues owners Sisu lodged a bid with the Alan Edward Higgs Charity last Thursday in an attempt to purchase the charity’s 50 per cent stake in Ricoh Arena operating firm ACL.
Far less? It wasn't much was it for 50%?where's the evidence for this?
SISU put a value on the Ricoh (as they stated in the Higgs case and the jr) and it was certainly far less than Wasps have ended up paying.
Also as messed up as the situation is we would never have bought it but a 3rd party SISU company would have bought it. The stated aim was to give the club greater access to revenues - not total access.
It is a seemingly pointless exercise in trying to second guess SISU's actions & motives because nobody seems to get it right.
Also if memory serves me right didn't either CCFC or holdings hold an option on the ACL that somehow was allowed to expire under SISU management?
Far less? It wasn't much was it for 50%?
The big difference is the £14.4m loan. Once the council had taken it on it wasn't something that could be distressed like the one from the YB perhaps could have been. Why would you buy a loan that isn't really worth anything?
I think SISU believed they could buy the loan for a fraction of its value
That's still more credibility then you have
Funny that but the ones that have been moaning the most about that are the ones who were happy at Shitfields.
I am not happy we moved away, I am not happy that Wasps are here, I am not happy the the 2 bitches wouldn't speak to one anotber.
But hey I am just a simple football fan.
Its funny you say that, as many like me, couldnt stand 'shitfields' as you put it, and never set foot there, so not everyone who hates Wasps went to Northampton. I didnt realise that whether you went to Northampton or not makes a difference?
I agree, I was not happy we moved away, thats Wasps are here, or that Ann and Joy are such useless fekkers.
The big difference is the £14.4m loan. Once the council had taken it on it wasn't something that could be distressed like the one from the YB perhaps could have been. Why would you buy a loan that isn't really worth anything?
Then why didn't they publicly match the bid or put in a slightly better offer (they successfully reduced its value drastically remember via their distressing tactics) instead of the repeated public insistence they were intent on building their own?If ccfc had been offered the stadium for the same price as the franchise, we would have bought it.
It's still bizarre that some still deem the council as an innocent party in all of this
You'd have to ask Wasps that although I think you've hit the nail on the head as to why SISU wouldn't have took the Wasps deal for the Ricoh despite many insisting on here (without any proof) that they would have if it had been offered.
Taking on the loan would have served in the best interest (long term) of CCFC but wouldn't have served the interest of SISU's investors that's exactly why SISU wouldn't have done the Wasps deal if they were offered and why they didn't put together a bid the moment they found out that Wasps were putting a bid together which in all likelyhood was as early as the previous easter (according to some) if not sooner.
right help me with this was this bid the one disclosed at the court cases etc. or another one once Wasps got involved?They made a bid including the paying off of the loan.
I’m definitely no financial guru and I’m probably thick, but it still confuses me that the people who think the Ricoh is a loss-making white elephant are also the ones who say that Wasps got a priceless asset far too cheaply.
So ccc had no input in the higgs stuff? Apart from the veto.You will find that those that have a go at you for taking something that Fisher says as the truth because you don't believe the 3 week comment are the ones saying that CCC wanted to charge our club too much....although it was the Higgs share that was for sale......let it go very cheaply to Wasps although SISU had reduced it's value by taking us to Northampton.
They made a bid including the paying off of the loan.
They made a bid including the paying off of the loan.
So ccc had no input in the higgs stuff? Apart from the veto.
right help me with this was this bid the one disclosed at the court cases etc. or another one once Wasps got involved?
Sorry. I should have said a serious bid.
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