I used to think you had a modicum of sense and you continue to disappoint
RICOH DEAL: MP Geoffrey Robinson could lose £250k in stadium rent row
COVENTRY MP and former Sky Blues chairman Geoffrey Robinson could stand to lose £250,000 if the club does not pay its Ricoh stadium rent debts.www.coventrytelegraph.net
Of course he would ask for a change of rental agreements.
I don’t see your point.It Was 6 months after the club moved in
I don’t see your point.
That GR had guarantees legally for the rent is relevant.
That the council did what they did is why we are here.
I don’t see your point.
That GR had guarantees legally for the rent is relevant.
That the council did what they did is why we are here.
I stated that SISU had a chance - not that they were supportive.you stated the council were supportive until some bizarre notion Robinson turned them against the club
the only time we know he tried to get help - years before - they said no.
Yes.
Where’s the issue?
At that point (2013):Which bit gave you the impression CCC and GR were on the same side there?
Gary Hopkins is a real person who was genuinely looking at buying the Club, and was offering around £19m which at the time was the asking price, £10m for the Club and £9m to clear the Council loan. The Council decided to ask for more, around £3m on top and Gary and his backers didn’t want to give it them, so pulled out.It’s this article, right?
Sky Blues face bleak future
THE future looks bleak for Coventry City Football Club.www.coventrytelegraph.net
Not arguing - KT called the offer derisory and GR would not have had a penny back.
It is interesting that not long after, it appears GR agreed to a deal that seemingly secured his millions which the council seemed to then support. It ties in my mind with Labour elected politicians looking out for each other.
Who this Coventry schoolboy “Gary Hopkins” is is a mystery
(satire - it’s Hoffman)
In the end it appears that the £15 million turned down as derisory ended up being £7m to clear the back and poor GR’s money later being lost in admin. (I know it’s not as straightforward but in any case)
Maybe the deal that at the time shafted GR but secured CCFC in the arena in a longer lease was better for CCFC than SISU.
Who knows…
Things could have been so different.Gary Hopkins is a real person who was genuinely looking at buying the Club, and was offering around £19m which at the time was the asking price, £10m for the Club and £9m to clear the Council loan. The Council decided to ask for more, around £3m on top and Gary and his backers didn’t want to give it them, so pulled out.
I know all this as I met him, he is the brother of one of my old contacts.
At that point (2013):
Non-paying SISU / CCFC had left GR acting as rent guarantor.
The council took on the debt and in effect the need for ACL to enforce guarantees against GR which a liquidator of ACL may well have done otherwise.
He also states SISU have written off £40m - I’d say they parked that elsewhere not wrote off.The entire article is GR slating the approach CCC were taking and saying the club should have at least half the stadium and the council should piss off. He’s asking the council to ignore his commitment because he’s already written £20m off to Sisu.
Looks like Ashley is paying less that £35MInteresting. Wonder if they will ever find out how much they are losing. View attachment 27165
He also states SISU have written off £40m - I’d say they parked that elsewhere not wrote off.
He’s not going to say “thanks CCC for doing a deal to save me some more money” - doesn’t read well with the voters, which ultimately…..
They paid off the co-op bank, and they were the ones withdrawing their support. It was the co-opdriving the process.The thing is, at the time we were only going into admin, not liquidation and there were multiple bidders, so how did SISU become the preferred choice of CCC if their bid was lowest, and when did it all go wrong?
That’s the question.The thing is, at the time we were only going into admin, not liquidation and there were multiple bidders, so how did SISU become the preferred choice of CCC if their bid was lowest, and when did it all go wrong?
FFS.What voters? What are you on about?
Not sure it says that.Looks like Ashley is paying less that £35M
That’s the question.
At the time I believe a deal was done that GR and others would get their money back with SISU upon Prem return.
FFS.
Not sure it says that.
More legal action on the way? Although I don't really see how the bondholders can get themselves organised as it seems the trustee refuses to put them in contact with each other.Interesting. Wonder if they will ever find out how much they are losing. View attachment 27165
I’m guessing (just guessing) that the Bondholders have a fixed floating charge over all wasp assets.It says the bid won't cover the Bondholders investments.
I've quoted it five million times before! I'm not spending my time re-finding the link every time somebody wants it.
But to prove I do actually do this whole evidence thing.
Shapiro wasn't Gary Hopkins, Shapiro was a different group.That link is very telling, Shapiro(Gary Hopkins) wanted just what CCC gave Wasps years later, only Wasps never did all the things they promised. MA should ask for the long lease and land, the scrap yard and all round there and we could have a great area by the ground.
I just remembered, didn’t a Chinese group want it to develop an Ice dome and stuff as well?
Not sure why we're going over all this again but there were 6 bidders weren't there and I seem to recall not all 6 were ever named but we know of Manhattan, Shapiro, Hopkins and SISU.Shapiro wasn't Gary Hopkins, Shapiro was a different group.
But yes, also interesting that they wanted everything SISU now want. Certainly shows how the initial plan was high risk, high return basically on the footballing side.
Hopkins fronted up the Manhatten Group, who had pulled out by that stage.Not sure why we're going over all this again but there were 6 bidders weren't there and I seem to recall not all 6 were ever named but we know of Manhattan, Shapiro, Hopkins and SISU.
SISU being the only ones who didn't want stadium ownership and therefore the councils preferred bidder.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?