Astute
Well-Known Member
Fisher said publicly that they wouldn't have paid the full value of the loan. He even said it after Wasps did. Fisher is SISU not CCFC.
And yes we know that all trust had been lost. That is public knowledge.
Fisher said publicly that they wouldn't have paid the full value of the loan. He even said it after Wasps did. Fisher is SISU not CCFC.1. Sisu claim they would have paid the loan - unless you have some evidence to the contrary then your assumption is based on guesswork and prejudice.
2. The Higgs share in isolation is worthless as the council representatives pretty much acknowledged. Wasps would never have just wanted the half share.
3. For the 100th time council officials had already by then stated that official policy was not to deal with sisu.
PR for who?
Fisher said publicly that they wouldn't have paid the full value of the loan. He even said it after Wasps did. Fisher is SISU not CCFC.
And yes we know that all trust had been lost. That is public knowledge.
Seppella said she would have paid the loan in a letter to Lucas. She's the boss and fisher for the record is not an employee of sisu.
Where are the details of this letter then?
Fisher is only at our club because he is part of SISU. What use is he to CCFC?
That offer was accepted, this wasn't. Why not? Maybe it was no where near as good or maybe it was simply far too late & brinkmanship backfired.
Only the negotiating parties know & they can't disclose details.
Who was sending out a PR war?
The details are available if you can be bothered to look for them.
They were NEVER going to accept ANY offer from SISU regardless of how good it was, highlighted by "hell freezes over", Mutton "the Council will never sell its stake to SISU", not to mention stuff in the documents regarding Members being briefed that SISU will never get hold of the stadium.
Also, some amusing quotes from Mutton stating that if SISU got hold of the place they would borrow against it.
Wasps...cough...bond...cough
Was that £2m "charitable" offer not Market Value then? The purchase price seems to think so, the council seemed to think that the £5.5m was way over value.
i'd make 2 pointsA fair few of us were worried about SISU doing it. But glad Wasps have. Who here thinks that they will raise the 50m needed by May 2022? I wouldn't like to think that we had to raise 50m in 7 years. And we come from Coventry. They are nearly 100 miles away from their supporters. 1 bad season and they will certainly be in trouble.
Anyone keen for a party if it happens?
1. Sisu claim they would have paid the loan - unless you have some evidence to the contrary then your assumption is based on guesswork and prejudice.
The details are available if you can be bothered to look for them.
A fair few of us were worried about SISU doing it. But glad Wasps have. Who here thinks that they will raise the 50m needed by May 2022? I wouldn't like to think that we had to raise 50m in 7 years. And we come from Coventry. They are nearly 100 miles away from their supporters. 1 bad season and they will certainly be in trouble.
Anyone keen for a party if it happens?
So why not reference them?
I do know that Sisu expected to buy the loan for as little as £2m and no more than £5M (JR)
Which document was that in?We also know the Council were trying to do the same
Which document was that in?
I heard that council staff were trying to learn how from sisu during those negotiations and then tried themselves. How true I.Don't know
1. Sisu claim they would have paid the loan - unless you have some evidence to the contrary then your assumption is based on guesswork and prejudice.
2. The Higgs share in isolation is worthless as the council representatives pretty much acknowledged. Wasps would never have just wanted the half share.
3. For the 100th time council officials had already by then stated that official policy was not to deal with sisu.
We also know the Council were trying to do the same
When you negotiate you start low and work up to the value acceptable to you.
The Sisu max valuation for the loan was £5M and it was never going to be acceptable (JR)
£2m for 125 year lease = £16k pa
£2.77m for 250 year lease = £11k pa
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
£2m for 125 year lease = £16k pa
£2.77m for 250 year lease = £11k pa
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
How long do you think a stadiums life is before major expenditure is required? Are any stadiums still being used that are over 125 years old? This length of lease argument seems to be a red herring to me.
We also know the Council were trying to do the same
How long do you think a stadiums life is before major expenditure is required? Are any stadiums still being used that are over 125 years old? This length of lease argument seems to be a red herring to me.
How long do you think a stadiums life is before major expenditure is required? Are any stadiums still being used that are over 125 years old? This length of lease argument seems to be a red herring to me.
I've always been bemused by that argument. Why wouldn't you want the club to buy the stadium? Regardless of owners surely it's best that we own it? If anything it makes us more attractive to any potential buyers.
The length of lease increases the companies value hugely
I would think that the lease covers the site as a whole not just the arena. So not really. All it means is that when the arena reaches the end of its design life the leaseholder has the option to redevelop the site. That's were the value is in the length of the lease.
The council said (I forget who it actually was) something like they didn't want to sell ACL to someone who was going to borrow against it. Then did just that in selling it to Wasps - hypocrisy might not be in their dictionary.
They went in at £6M-£9M and worse case the full £15M (JR 53)
Was that £2m "charitable" offer not Market Value then? The purchase price seems to think so, the council seemed to think that the £5.5m was way over value.
So Wasps paid well over market value then especially as they also paid off the whole loan that SISU said they would never have done.
Does this mean that nobody will ever say that Wasps got it cheaply again?
I think not.
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