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The Higgs Share.. (1 Viewer)

  • Thread starter RoboCCFC90
  • Start date Jan 17, 2014
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RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #1
Why don't Sisu negotiate for this? Surely if they want a cheap way of putting themselves in for negotiations this would be it? What do we reckon it would sell for, £5Mil?
 
S

SkyBlueScottie

Well-Known Member
  • Jan 17, 2014
  • #2
Pretty sure the council have a veto.
 
L

Lorksalordy

New Member
  • Jan 17, 2014
  • #3
Suspect respective lawsuits may hinder negotiations a little


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italiahorse

Well-Known Member
  • Jan 17, 2014
  • #4
SkyBlueScottie said:
Pretty sure the council have a veto.
Click to expand...

Yes they do.
 
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RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #5
But despite the Veto surely the Council would see this move by the Club as a good step, this brings them back to the Ricoh and tops up the ACL business, everyone's happy?


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Danceswithhorses

Well-Known Member
  • Jan 17, 2014
  • #6
RoboCCFC90 said:
Why don't Sisu negotiate for this? Surely if they want a cheap way of putting themselves in for negotiations this would be it? What do we reckon it would sell for, £5Mil?
Click to expand...
Didn't that ship sail along time ago ?
 
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thaiskyblue

New Member
  • Jan 17, 2014
  • #7
RoboCCFC90 said:
Why don't Sisu negotiate for this? Surely if they want a cheap way of putting themselves in for negotiations this would be it? What do we reckon it would sell for, £5Mil?
Click to expand...
After yesterdays sisu annoucement why would they want to deal with shitsu.
 

chiefdave

Well-Known Member
  • Jan 17, 2014
  • #8
RoboCCFC90 said:
Why don't Sisu negotiate for this? Surely if they want a cheap way of putting themselves in for negotiations this would be it? What do we reckon it would sell for, £5Mil?
Click to expand...

They did and Higgs agreed a HOT only to never hear from SISU again. I believe the 'formula' price was around £10m and SISU offered around half that but still had their bid accepted.

SISU should have really exercised the right to purchase 50% of ACL on day one. They would have got all match day revenues and been in a stronger position to renegotiate the rent owning half the company they would be negotiating with. They could also have blocked the joint venture company with Compass ever being formed.
 
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RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #9
Danceswithhorses said:
Didn't that ship sail along time ago ?
Click to expand...

I am of that but surely they would welcome fresh negotiations?


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R

RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #10
thaiskyblue said:
After yesterdays sisu annoucement why would they want to deal with shitsu.
Click to expand...

To rid themselves of the involvement in the nightmare situation and tussle that is the Ricoh..


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chiefdave

Well-Known Member
  • Jan 17, 2014
  • #11
RoboCCFC90 said:
But despite the Veto surely the Council would see this move by the Club as a good step, this brings them back to the Ricoh and tops up the ACL business, everyone's happy?
Click to expand...

Worth pointing out nothing has ever been put to the council to even have a chance of exercising their veto. If they purchased half of ACL now they could spend the next couple of years working in partnership with the council and building up the level of trust, at that point they may have more chance of getting hold of the whole thing.
 
R

RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #12
chiefdave said:
They did and Higgs agreed a HOT only to never hear from SISU again. I believe the 'formula' price was around £10m and SISU offered around half that but still had their bid accepted.

SISU should have really exercised the right to purchase 50% of ACL on day one. They would have got all match day revenues and been in a stronger position to renegotiate the rent owning half the company they would be negotiating with. They could also have blocked the joint venture company with Compass ever being formed.
Click to expand...

I agree with all that mostly, but is there no way fresh negotiations cannot take place now?


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R

RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #13
chiefdave said:
Worth pointing out nothing has ever been put to the council to even have a chance of exercising their veto. If they purchased half of ACL now they could spend the next couple of years working in partnership with the council and building up the level of trust, at that point they may have more chance of getting hold of the whole thing.
Click to expand...

Exactly! Purchasing this share for around £5M-£8M would make things smoother and give better positions to all for fresh negotiations?


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chiefdave

Well-Known Member
  • Jan 17, 2014
  • #14
RoboCCFC90 said:
I agree with all that mostly, but is there no way fresh negotiations cannot take place now?
Click to expand...

Higgs and the council have, at least publicly, always stated they were happy to talk at any time if a serious offer is made. I suspect in Higgs case it would now require paying the legal fees owed from last time round and SISU dropping their court action before they would enter talks again. Of course if SISU did both of those things it could be seen as them offering an olive branch.
 

Danceswithhorses

Well-Known Member
  • Jan 17, 2014
  • #15
RoboCCFC90 said:
I am of that but surely they would welcome fresh negotiations?


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Click to expand...

Call me old fashioned, but i don't think withholding contractually agreed money from the AEHiggsTrust charity for 2 years, and then counter-suing them, is a good way to start negotiations and show 'good intentions'.
 
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RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #16
Danceswithhorses said:
Call me old fashioned, but i don't think withholding contractually agreed money from the AEHiggsTrust charity for 2 years, and then counter-suing them, is a good way to start negotiations and show 'good intentions'.
Click to expand...

But that's the things how do we know it was contractually agreed it's never been mentioned that the £30K the Higgs are suing for was signed on a contract??


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Last edited: Jan 17, 2014
R

RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #17
chiefdave said:
Higgs and the council have, at least publicly, always stated they were happy to talk at any time if a serious offer is made. I suspect in Higgs case it would now require paying the legal fees owed from last time round and SISU dropping their court action before they would enter talks again. Of course if SISU did both of those things it could be seen as them offering an olive branch.
Click to expand...

It's always fathomed me why they didn't before but more so now.. Surely it can only leave them in a better place?!


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T

thaiskyblue

New Member
  • Jan 17, 2014
  • #18
RoboCCFC90 said:
It's always fathomed me why they didn't before but more so now.. Surely it can only leave them in a better place?!


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Click to expand...
i thought sisu had moved on and are building a new stadium robbo.
 
R

RoboCCFC90

Well-Known Member
  • Jan 17, 2014
  • #19
thaiskyblue said:
i thought sisu had moved on and are building a new stadium robbo.
Click to expand...

Not according to Labo on Shane O'Connor..


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thaiskyblue

New Member
  • Jan 17, 2014
  • #20
RoboCCFC90 said:
Not according to Labo on Shane O'Connor..


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if they told me today is friday, i'de have to check it on my calender.
Click to expand...
 

Danceswithhorses

Well-Known Member
  • Jan 17, 2014
  • #21
RoboCCFC90 said:
But that's the things how do we know it was contractually agreed it's never been mentioned that the £30K the Higgs are suing for was signed on a contract??


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Click to expand...

Maybe i'm wrong, but i really don't think the charity would be taking this to court on a verbal agreement (unless they've recorded/videoed the meeting lol)
 

Samo

Well-Known Member
  • Jan 17, 2014
  • #22
Come to that why don't they make an offer for the whole of ACL? They are then in the Ricoh with 40 years remaining on the lease. The council may agree to extend the lease as part of the negotiations. SISU have the leasehold, CCC retain the freehold. Happy days!
 

mattylad

Member
  • Jan 17, 2014
  • #23
SISU don't want to pay 5m for the free hold let alone for 50% of ACL
 
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Tonylinc

Well-Known Member
  • Jan 17, 2014
  • #24
Samo said:
Come to that why don't they make an offer for the whole of ACL? They are then in the Ricoh with 40 years remaining on the lease. The council may agree to extend the lease as part of the negotiations. SISU have the leasehold, CCC retain the freehold. Happy days!
Click to expand...
That of course is the sensible approach but since when were Shitzu sensible?
 

Astute

Well-Known Member
  • Jan 17, 2014
  • #25
It looks like they want all contracts paid up and the freehold for how much they could have the Higgs share for. How else could they make many millions for their investors?
 

Danceswithhorses

Well-Known Member
  • Jan 17, 2014
  • #26
mattylad said:
SISU don't want to pay 5m for the free hold let alone for 50% of ACL
Click to expand...
Agreed.
To be honest i'm fed up with ACL/AEHT seemingly kowtowing to SISU, and trying to accommodate them.
Surely as SISU are the party who want something from this (ie the Ricoh), they should be the ones ingratiating themselves to ACL/AEHT/the fans.
Unless we see goodwill and movement from them, stuff them.
 

stupot07

Well-Known Member
  • Jan 17, 2014
  • #27
RoboCCFC90 said:
But that's the things how do we know it was contractually agreed it's never been mentioned that the £30K the Higgs are suing for was signed on a contract??


Sent from my iPhone using Tapatalk
Click to expand...

It was probably the goodbye handshake...


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W

wingy

Well-Known Member
  • Jan 17, 2014
  • #28
The fact that they do not want to seem to pay that much,coupled with the perception of Insisting on the freehold suggests the want the whole cabundle to do with as they wish .

There just may be a personal element to this.
 
T

Tonylinc

Well-Known Member
  • Jan 17, 2014
  • #29
"There just may be a personal element to this." Really, are you saying that there is bad blood between the parties?
 
S

Specs WT-R75

Well-Known Member
  • Jan 17, 2014
  • #30
Let them buy ACL for 15m or so. Issue a 99yr lease on the stadium with covenant that ccfc must play there at zero rent to prevent being screwed if they sell ccfc or ACL. Lease on the arena side to continue at remaining 40yrs...
 

duffer

Well-Known Member
  • Jan 17, 2014
  • #31
I'm kind of confused by the OP. SISU started to negotiate for the Higgs share and then pulled out, supposedly owing the charity £30,000. Hence the impending court case.

Both sides are now seemingly committed to court - it seems unlikely that either would trust the other sufficiently to begin a new round of negotiations.

As for olive branches - when was the last time that SISU moved their position towards ACL/Higgs/Cov CC? At every step in the process SISU have asked for more from these parties, not less.
 
W

wingy

Well-Known Member
  • Jan 17, 2014
  • #32
Tonylinc said:
"There just may be a personal element to this." Really, are you saying that there is bad blood between the parties?
Click to expand...

No I'm suggesting Its personal beyond just what they want economically.
 
A

AJB1983

Well-Known Member
  • Jan 17, 2014
  • #33
duffer said:
I'm kind of confused by the OP. SISU started to negotiate for the Higgs share and then pulled out, supposedly owing the charity £30,000. Hence the impending court case.

Both sides are now seemingly committed to court - it seems unlikely that either would trust the other sufficiently to begin a new round of negotiations.

As for olive branches - when was the last time that SISU moved their position towards ACL/Higgs/Cov CC? At every step in the process SISU have asked for more from these parties, not less.
Click to expand...

Exactly. Even now, what sisu/Otium/whoever want from things changes on a weekly basis.
The goalposts are always moving and if they don't like something, a court summons arrives.
 

skybluefred

New Member
  • Jan 17, 2014
  • #34
I cannot believe there are people on here who would still deal with sisu.
We all know the rent on the Ricoh was to high,we also know that CCFC agreed that rent,
and that sisu having conducted due diligence accepted it also.

Some years down the line and through their own neglect of the playing staff of CCFC
the Club got relegated. Sisu then decided to attempt to distress ACL by withholding the rent,
and subsequently forced their own administration to get out of the rental agreement.
This led to CCFC having no ground to play at--even though the CCC/ACL said they could still
have use of the Ricoh. This wasn't acceptable to sisu so they moved the club to the Cobblers.

By there own admission sisu have no interest in football--there only interest being in making money
for their investors.

I hope they lose both the JR and the Higgs claim.
 

Grendel

Well-Known Member
  • Jan 17, 2014
  • #35
skybluefred said:
I cannot believe there are people on here who would still deal with sisu.
We all know the rent on the Ricoh was to high,we also know that CCFC agreed that rent,
and that sisu having conducted due diligence accepted it also.

Some years down the line and through their own neglect of the playing staff of CCFC
the Club got relegated. Sisu then decided to attempt to distress ACL by withholding the rent,
and subsequently forced their own administration to get out of the rental agreement.
This led to CCFC having no ground to play at--even though the CCC/ACL said they could still
have use of the Ricoh. This wasn't acceptable to sisu so they moved the club to the Cobblers.

By there own admission sisu have no interest in football--there only interest being in making money
for their investors.

I hope they lose both the JR and the Higgs claim.
Click to expand...

We have to deal with them - they own the club.
 
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