The spin continues (2 Viewers)

I am intrigued to see the excuses and allegations that will be posted on this forum if CCC lose the JR.

No danger of that sicknote, Sisu were laughed out of court yesterday by all accounts, even RFC has disappeared up his own arse.......
 

Kingokings204

Well-Known Member
There is no deal to be done then reading all of this. We are doomed in Northampton 100%.

Forget it guys. Seriously.

Ccc/ACL only want rental deal and give away some income streams but sisu want unemcurered freehold. It's not going to happen. Sisu will never get the freehold and sisu won't ever rent.

Game over.
 

torchomatic

Well-Known Member
Bring back Richardson, eh?

There is no deal to be done then reading all of this. We are doomed in Northampton 100%.

Forget it guys. Seriously.

Ccc/ACL only want rental deal and give away some income streams but sisu want unemcurered freehold. It's not going to happen. Sisu will never get the freehold and sisu won't ever rent.

Game over.
 

skybluetony176

Well-Known Member
I am intrigued to see the excuses and allegations that will be posted on this forum if CCC lose the JR.

I am intrigued to see the excuses and allegations that will be posted on this forum if Sisu lose the JR.

you saw it in the higgs case. i remember posters saying that sisu won the higgs case. no, they came away without their counter claim and had to pay there own cost and higgs came away without there claim and had to pay their own cost. thats a draw by any stretch of the imagination.
 
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Grendel

Well-Known Member
I am intrigued to see the excuses and allegations that will be posted on this forum if Sisu lose the JR.

you saw it in the higgs case. i remember posters saying that sisu won the higgs case. no, they came away without their counter claim and had to pay there own cost and higgs came away without there claim and had to pay their own cost. thats a draw by any stretch of the imagination.

Higgs took the case to court - the claim was invalid. Stop being pathetic.

If sisu lose the JR

"Ha ha fuck off sisu"
"I love the council"
"The council squash the hedge fund"
"The sisu posee are in hiding lol!!!!!"

Meanwhile back at Sixfields......,
 

skybluetony176

Well-Known Member
Higgs took the case to court - the claim was invalid. Stop being pathetic.

If sisu lose the JR

"Ha ha fuck off sisu"
"I love the council"
"The council squash the hedge fund"
"The sisu posee are in hiding lol!!!!!"

Meanwhile back at Sixfields......,

they're not what you would class as excuses and allegations, stop being pathetic.

oh by the way, higgs took their claim to county court, sisu took their counter claim all the way to crown and the judge threw it straight out, their counter claim was also invalid. still a draw.
 
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Nick

Administrator
I am intrigued to see the excuses and allegations that will be posted on this forum if Sisu lose the JR.

you saw it in the higgs case. i remember posters saying that sisu won the higgs case. no, they came away without their counter claim and had to pay there own cost and higgs came away without there claim and had to pay their own cost. thats a draw by any stretch of the imagination.

You also saw people cheering Higgs on like they were a football team to win. Like it was a last penalty to win the FA cup or something.

To be honest, while reading that case I was fully expecting Higgs to have got their money from reading it, turns out they didn't.
 

skybluetony176

Well-Known Member
You also saw people cheering Higgs on like they were a football team to win. Like it was a last penalty to win the FA cup or something.

To be honest, while reading that case I was fully expecting Higgs to have got their money from reading it, turns out they didn't.

indeed they were. the OP i replied to suggested that excuses would only come from one section of posters should one particular party win. i was just re-addressing the balance in the interest of harmony, anyone who's been on here for more than 2 weeks would know there is going to be excuses posted whatever the outcome.
 

Sick Boy

Super Moderator
You also saw people cheering Higgs on like they were a football team to win. Like it was a last penalty to win the FA cup or something.

The same can be said about ACL & CCC as well. Anyone who doesn't cheer them on is regarded as supporting SISU.
 

Nick

Administrator
indeed they were. the OP i replied to suggested that excuses would only come from one section of posters should one particular party win. i was just re-addressing the balance in the interest of harmony, anyone who's been on here for more than 2 weeks would know there is going to be excuses posted whatever the outcome.

I think only RFC will be making excuses, even he doesn't make posts saying why he is so proud of SISU though to be fair!
 

Astute

Well-Known Member
So the council borrowed £14 million against a company valued less than half that? Not a great use of state aid is it?

Higgs are only half of ACL. So only half of the loan is attributed to the Higgs share. But you either knew this or don't have a clue what is going on.
 

Astute

Well-Known Member
I am intrigued to see the excuses and allegations that will be posted on this forum if CCC lose the JR.

So you think that there will be a winner? The losers will be CCFC and us supporters. And whatever decision is made will be on technicalities.

I know that some have me as a CCC supporter. What a joke. I am on the side of Higgs getting most of their money back. They are a local charity that got involved thinking they were helping our club out. And now SISU are trying to rip them off with outlandish offers so their investors would profit. I don't agree with this.

So far I have seen CCC try to negotiate. I have seen SISU do whatever they can to devalue the Ricoh. They don't give a shit about our club or us. Why should I give a shit about them?

I just want to see an end to it all. I can have an educated guess on what is going on. But it is all down to Joy and what she can get for her investors.
 
D

Deleted member 5849

Guest
They are a local charity that got involved thinking they were helping our club out..

This may not be a popular thought...

Well, I say 'may' ;)

But it could be argued that that local charity went outside their remit, as much because Sir Derek Higgs was on the board as the club failed. It's not like they just popped up from nowehere, and it's the kind of shuffle that if the Seppala charity foundation bought Ryton off the club to enable the club to continue, people would be up in arms about...

Just a thought... that perhaps in stopping the club going into administration by buying its saleable assets, it also helped maintain the board at the time's position.

Am sure PWKH will be along to correct me ;)
 
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martcov

Well-Known Member
Higgs took the case to court - the claim was invalid. Stop being pathetic.

If sisu lose the JR

"Ha ha fuck off sisu"
"I love the council"
"The council squash the hedge fund"
"The sisu posee are in hiding lol!!!!!"

Meanwhile back at Sixfields......,

1. you got a "like" off sickboy - says it all

2. I think you are losing your composure. Rated you better than that.

3. Higgs' claim was not covered by the situation of both sides losing their appetite to carry the deal through. This was only ascertained in court when "all" evidence was presented. Higgs' couldn't have foreseen that and didn't when drawing up the agreement on costing. SISU's case was described by the judge as a "hopeless case". Nuff said.
 

shmmeee

Well-Known Member
This may not be a popular thought...

Well, I say 'may' ;)

But it could be argued that that local charity went outside their remit, as much because Sir Derek Higgs was on the board as the club failed. It's not like they just popped up from nowehere, and it's the kind of shuffle that if the Seppala charity foundation bought Ryton off the club to enable the club to continue, people would be up in arms about...

Just a thought... that perhaps in stopping the club going into administration by buying its saleable assets, it also helped maintain the board at the time's position.

Am sure PWKH will be along to correct me ;)

Laugh-Arnold-internetjedi.org_.gif


(we're back to the illogical nature of the "business" side of football aren't we?)
 
D

Deleted member 5849

Guest
No, but RFC has vanished up his own arse - FACT! PUSB! IMHO! Steve and the lads..... etc. etc. etc.

The day the court system is judged on RFC's posting habits is the day I beg you to find me a job in Kiel and I get the hell out this country!
 

shmmeee

Well-Known Member
To be fair to RFC, he answered my question about the JR with good grace and seemed to suggest there were some things he was told that didn't come out. Which is more than some who have suggested there is more info to come.
 
D

Deleted member 5849

Guest
(we're back to the illogical nature of the "business" side of football aren't we?)

We are.

But there is a way of approaching it... that that board at the time had failed, should leave the club, hand it over to decent owners... and any short term influx of cash to help the cashflow and stop them selling up wasn't necessarily in the club's interests...

It's all in the perspective and how you choose to write the narrative.
 

shmmeee

Well-Known Member
We are.

But there is a way of approaching it... that that board at the time had failed, should leave the club, hand it over to decent owners... and any short term influx of cash to help the cashflow and stop them selling up wasn't necessarily in the club's interests...

It's all in the perspective and how you choose to write the narrative.

The club should've gone bust long ago, and possibly still should (though Godiva's theory/idea about ARVO buying out the other investors gives me some hope on that front), but who wants to be the guy who let the club go bust? Which true City fans doesn't believe we're about to turn the corner? You can understand why what was done was done, even if hindsight is 20/20.
 

martcov

Well-Known Member
Which is why the club should be given a share of the cake. The valuation goes up dramatically due to one tenant who has paid thfor e whole mortgage for years and receive a very poor deal.

The council and ACL are in la la land if they think anyone will return purely on a rental basis when the club will have a massive impact on the value of ACL.

I don't deny that, but the club sold the F&B rights and now Compass are there. There has to be negotiations on that point, but starting a JR doesn't help. How can you do a deal with someone who is suing you? The tenant got itself into a mess by sloppy business and accounting practices - not the fault of ACL.

The council and the charity stepped in to keep the project afloat- not to go into long term business as a Rackmann landlord - despite what SISU may lead you to believe.

If the tenant had been a good businessperson we wouldn't be here.
 
D

Deleted member 5849

Guest
The club should've gone bust long ago, and possibly still should (though Godiva's theory/idea about ARVO buying out the other investors gives me some hope on that front), but who wants to be the guy who let the club go bust? Which true City fans doesn't believe we're about to turn the corner? You can understand why what was done was done, even if hindsight is 20/20.

Hmmm.

I'll remove this from my previous posts in this thread, just for clarity of anybody who may want to threaten me with a libel suit ;)

But I'd strongly suggest there's a narrative that says certain members of the board (see! this is where I need to distance from the other posts for the purposes of clarity!) at the time were not motivated by thinking about the good of the club; there was after all a reason why Derrick Robins had to be tricked out of his shares.

Substitute Go SISU go for Go Robinson Go, expect them to leave and just write off everything they've pumped in because the club's more important than their investment, and they should stop trying to protect it...

If we're going down a narrative of saving the club, then we need to hail SISU as our saviours too, and I for one am not comfortable with that!

Also, apologies for quashing your ARVO hope, but if the clock's set to zero there's a reason it's sold at a big discount, and that's because it's a massive risk, that anybody buying it is fully aware may go horribly wrong, but they're prepared to take that chance...
 
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martcov

Well-Known Member
Hmmm.

I'll remove this from my previous posts in this thread, just for clarity of anybody who may want to threaten me with a libel suit ;)

But I'd strongly suggest there's a narrative that says certain members of the board at the time were not motivated by thinking about the good of the club; there was after all a reason why Derrick Robins had to be tricked out of his shares.

Substitute Go SISU go for Go Robinson Go, expect them to leave and just write off everything they've pumped in because the club's more important than their investment, and they should stop trying to protect it...

If we're going down a narrative of saving the club, then we need to hail SISU as our saviours too, and I for one am not comfortable with that!

Didn't Derrick Robins do a runner to South Africa with his secretary...or something like that?
 

shmmeee

Well-Known Member
Hmmm.

I'll remove this from my previous posts in this thread, just for clarity of anybody who may want to threaten me with a libel suit ;)

But I'd strongly suggest there's a narrative that says certain members of the board (see! this is where I need to distance from the other posts for the purposes of clarity!) at the time were not motivated by thinking about the good of the club; there was after all a reason why Derrick Robins had to be tricked out of his shares.

Substitute Go SISU go for Go Robinson Go, expect them to leave and just write off everything they've pumped in because the club's more important than their investment, and they should stop trying to protect it...

If we're going down a narrative of saving the club, then we need to hail SISU as our saviours too, and I for one am not comfortable with that!

I'm not sure it's 100% either way. Richardson, McGinnity, etc. I can buy ripping the club off Higgs, etc. I'm not so sure. There has to be some genuine City fans out there and I'm not sure the Charity has done particularly well out of any deals.

Everyone saves the club for a reason, granted, and some more altruistic than others, I'll give you that. But they can't all be like that, leave me with some happy thoughts in the world.

Also, apologies for quashing your ARVO hope, but if the clock's set to zero there's a reason it's sold at a big discount, and that's because it's a massive risk, that anybody buying it is fully aware may go horribly wrong, but they're prepared to take that chance...

I said: leave me with some happy thoughts. (I'm still not convinced that it doesn't mean that at least the acceptable loss is less than before. Though obviously you could argue that if the investors accepted that figure from ARVO they'd have accepted it from someone else. Depends on how highly you rate Joy's negotiating tactics I guess.)
 

ccfcway

Well-Known Member
Higgs took the case to court - the claim was invalid. Stop being pathetic.

If sisu lose the JR

"Ha ha fuck off sisu"
"I love the council"
"The council squash the hedge fund"
"The sisu posee are in hiding lol!!!!!"

Meanwhile back at Sixfields......,

so, what is it today Grendal, the loan a good money making move for the council, but they wont share it with tax payers, or a bad money making move ?

I'm just confused as you seem to flick between the two
 
D

Deleted member 5849

Guest
Didn't Derrick Robins do a runner to South Africa with his secretary...or something like that?

He also sold his shares and (I forget which way round it was!) he explicitly didn't want Robinson/Richardson involved in the club, so the other party bought them... then sold them straight on to their colleague.
 

shmmeee

Well-Known Member
He also sold his shares and (I forget which way round it was!) he explicitly didn't want Robinson/Richardson involved in the club, so the other party bought them... then sold them straight on to their colleague.

Sounds like the inspiration for the Jarni deal.
 
D

Deleted member 5849

Guest
I'm not sure it's 100% either way. Richardson, McGinnity, etc. I can buy ripping the club off Higgs, etc. I'm not so sure. There has to be some genuine City fans out there and I'm not sure the Charity has done particularly well out of any deals.

As I said, it's all in the narrative. To placade a lurking PWKH whenever he passes by, I'll happily point out when Derek Higgs died, his obituaries were big on his integrity within business which would suggest your narrative here is closer to the accurate one.

But it often seems a little lazy to say 'ripping off a poor charity' to me. As you say, if they haven't done well out of any deals, they were arguably ripped off by those you mention when they got involved... and thus SISU offering values that don't get their money back isn't SISU doing the ripping off, but those who were there before... while SISU coldly offer market value!
 

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