CCFC are being discussed at Westminster today (1 Viewer)

[oldskyblue58]

Seems familiar. If CCFC cannot play, everyone including Wasps lose. Even Joy will have to admit to her investors that any hope of selling CCFC have gone. The losses caused by her investment will be obvious. Her only hope would be an unlikely court win. What a mess.

It doesnt necessarily follow that the loss for SISU is a bad thing, in fact isnt one of their specialities the beneficial use of losses. In addition no CCFC doesn't stop the court actions but it does remove any possible way to leverage against court actions. It also could be used to show how SISU protect investors interests once trouble hits and of course they can point to everyone else being to blame when discussing with their clients who most probably have very little interest in CCFC in any case

Wasps would lose the rental income and the relatively small amount on F&B profit they get from CCFC. It might not remove the need to fight court actions. The removal of CCFC as an entity might actually add financial pressure to wasps but not in the way people think. SISU chooses to play hard ball and to go to court not just to try win but to also distress an opponent. CCFC is not a passion for them it is an investment tool

 

---

[martcov]

It doesnt necessarily follow that the loss for SISU is a bad thing, in fact isnt one of their specialities the beneficial use of losses. In addition no CCFC doesn't stop the court actions but it does remove any possible way to leverage against court actions. It also could be used to show how SISU protect investors interests once trouble hits and of course they can point to everyone else being to blame when discussing with their clients who most probably have very little interest in CCFC in any case

Wasps would lose the rental income and the relatively small amount on F&B profit they get from CCFC. It might not remove the need to fight court actions. The removal of CCFC as an entity might actually add financial pressure to wasps but not in the way people think. SISU chooses to play hard ball and to go to court not just to try win but to also distress an opponent. CCFC is not a passion for them it is an investment tool

So many variations.

 

[Captain Dart]

I wish a very wealthy 3rd party would come in and buy CCFC, Wasps and ACL. That is the only clean way to reset and lose the antipathy and resentment that hangs around.

Anyway that is unfortunately not terribly likely.

 

[Sky Blue Pete]

absolutely pointless - they have discussed it before and the result will be exactly the same today - they will not get involved

Courae it’s not pointless. We live in a representative democracy and we need our elected reps to put pressure on institutions or individuals or government etc to change what currently happens. The alternative is don’t give a shit

 

[ccfc92]

I wish a very wealthy 3rd party would come in and buy CCFC, Wasps and ACL. That is the only clean way to reset and lose the antipathy and resentment that hangs around.

Anyway that is unfortunately not terribly likely.

You'd need someone like the late Leicester chairman for that to work. Passionate about the club and the community, to make it thrive. Not sure where Wasps would fit into that, unless he or she sends them back to London.

 

[Corrado]

Courae it’s not pointless. We live in a representative democracy and we need our elected reps to put pressure on institutions or individuals or government etc to change what currently happens. The alternative is don’t give a shit

OK you fill yourself with hope that this will make a difference - il live in the real world and expect fuck all to happen as a result of this.
Il leave this right here for you to say I told you so.

 

[oucho]

Oucho, are you sat on the desk next to mine?

I am working from home, so unless you are my Mrs in real life...

 

[Philosorapter]

I'm wondering if the same rubbish argument will be used again that a stadium helps with regeneration, or a huge store is good for that area, and won't have any knock on effect to other local shopping centres and local traders who have closed down.

The whole thing is a complete farce.

Did anyone see the new rail strategy today covering the Ricoh?

Could someone ask the question of when we will be getting a train every 30 minutes at the Ricoh.

I think they've delayed it again by quite a few years.

Didn't Ann Lucas in her wisdom state we will be getting 1 train every 15 minutes just before re-election?

 

[skybluesam66]

1. I'm wondering if the same rubbish argument will be used again that a stadium helps with regeneration, or a huge store is good for that area, and won't have any knock on effect to other local shopping centres and local traders who have closed down.

The whole thing is a complete farce.

Did anyone see the new rail strategy today covering the Ricoh?

Could someone ask the question of when we will be getting a train every 30 minutes at the Ricoh.

I think they've delayed it again by quite a few years.

Didn't Ann Lucas in her wisdom state we will be getting 1 train every 15 minutes.

Philosorapter you are so wrong

Sisu +200
Wasps -200
No Deal +20

 

[Nick]

I am working from home, so unless you are my Mrs in real life...

As opposed to your other mrs not in real life?

 

[vow]

Parliamentlive.tv

Parliamentlive.tv

Interesting debate on Local Govt. Funding, before the Main Event!

Oh and to just remind folks to watch or listen to the audio.

 

[Nick]

I have no sound to hear what they are saying but theres not many in there.

 

[clint van damme]

I know t

OK you fill yourself with hope that this will make a difference - il live in the real world and expect fuck all to happen as a result of this.
Il leave this right here for you to say I told you so.

I think you're probably right nothing will happen.
But I'd still rather people tried, especially our elected representatives

 

[Nick]

 

[superskyblue]

Quick summary:

-Fans are starting to think the unthinkable that the club won't exist
- Want to ask a few questions
a) What can the EFL do to put pressure on the owners
b) Want the owners to consider their moral obligation to the club
c) Need ask Wasps if they are willing to allow the biggest sporting club in Coventry to cease to exist (he doesn't blame Wasps for their position)
d) Want to ask Secretary of State (Minister responsible for sport in this country) to play a valuable part in bring parties together to discuss what can be brokered between the parties - won't be a utopian situation but the process could focus minds

 

[Nick]

Quick summary:

-Fans are starting to think the unthinkable that the club won't exist
- Want to ask a few questions
a) What can the EFL do to put pressure on the owners
b) Want the owners to consider their moral obligation to the club
c) Need ask Wasps if they are willing to allow the biggest sporting club in Coventry to cease to exist (he doesn't blame Wasps for their position)
d) Want to ask Secretary of State (Minister responsible for sport in this country) to play a valuable part in bring parties together to discuss what can be brokered between the parties - won't be a utopian situation but the process could focus minds

The EFL can't do anything to put pressure on dropping legal action, that's the thing. How can the EFL jump in and demand that legal action be dropped without then opening themselves wide for legal action themselves (not just SISU but going forward)?

What happened with the Mediation last time? Did we ever find out who refused to take part and who wanted to?

 

[rob9872]

Have I missed it or nothe been on yet?

 

[Nick]

I think overall again the issue and what's discussed is an issue with football and owners in general.

It would be a massive overhaul to get football into shape which I can't see the EFL having the bollocks to do. It keeps being talked about but how can it be implemented?

While there is the promiseland of loads of money there will always be sharks around.

From the bits of text I have seen it comes across as more football in general and a bit of a generic thing rather than us specifically.

 

[oucho]

Let's face it, there is no prospect of parliament or government intervening in the issue of where we play our home games or the topic of who owns us. They do not have the powers nor the inclination.

 

[Nick]

Let's face it, there is no prospect of parliament or government intervening in the issue of where we play our home games or the topic of who owns us. They do not have the powers nor the inclination.

They don't have the power to demand somebody drops legal action (that is shite but they are legally obliged to do so).

The issue with that is that the legal system allows people to play it. It's not even a loophole or anything.

The other thing is that SISU could probably go to the EFL and say they are doing it for the club and push that view. They will say to the EFL that we are self sufficient and not doing things like Bolton for example.

 

[Captain Dart]

Have I missed it or nothe been on yet?

You can replay the speeches. Westminster Hall starting 16:00.
Still only listened to 15mins of it but Cunningham (Cov S), Fletcher (Cov NE), Marcus Jones (Nun) & Kevin Foster (Torquay, former Cov Councillor have contributed)

 

[rob9872]

How do they sit listening to this crap all day every day?

 

[rob9872]

You can replay the speeches. Westminster Hall starting 16:00.

Thanks but how? Is it not main chamber then? I've got channel 232 on and all I hear is argumentative tools on brexit

 

[Nick]

Thanks but how? Is it not main chamber then? I've got channel 232 on and all I hear is argumentative tools on brexit

It was on that link further up in a side room I think

 

[Captain Dart]

Thanks but how? Is it not main chamber then? I've got channel 232 on and all I hear is argumentative tools on brexit

Parliamentlive.tv

 

[rob9872]

Ta

 

[superskyblue]

I lost my stream but from what I heard there was nothing said that we hadn't heard many times before.

 

[covcity4life]

It should be like NFL where you buy the club name badge etc from the league. But you can't move the club etc without league permission

At least that way EFL always in control

 

[Nick]

It should be like NFL where you buy the club name badge etc from the league. But you can't move the club etc without league permission

At least that way EFL always in control

To have that it means you also have to have the stadium as part of the package.

Otherwise then landlords could name their price.

 

[Martw]

Thank you for the updates, I have tried to type my own updates on twitter as it happened live but some great reports on here that cover exactly what was said. Good to see cross party support take place, huge desire to get everybody talking , no let up on SISU's ownership and track record but an awareness that Wasps not matter how hard done by they may feel must also make an effort to end the impasse. Overall, lets just take time to consider the fact that yet again in parliament the future of our beloved club is being debated - what an absolute bloody tragedy this is...

 

[covcity4life]

Thank you for the updates, I have tried to type my own updates on twitter as it happened live but some great reports on here that cover exactly what was said. Good to see cross party support take place, huge desire to get everybody talking , no let up on SISU's ownership and track record but an awareness that Wasps not matter how hard done by they may feel must also make an effort to end the impasse. Overall, lets just take time to consider the fact that yet again in parliament the future of our beloved club is being debated - what an absolute bloody tragedy this is...

I will nevee forgive you for not catching that ladys name..

 

[Martw]

unforgivable I know!! have given myself a severe talking to!!

 

[NorthernWisdom]

I wish a very wealthy 3rd party would come in and buy CCFC, Wasps and ACL. That is the only clean way to reset and lose the antipathy and resentment that hangs around.

Anyway that is unfortunately not terribly likely.

If only I'd won that £115million

 

[Nick]

I think the MPs genuinely don't see the irony when they big up wasps being here and then go on about loyalty and morals relating to the area the club is in.

 

[vow]

Balls, I downloaded the 30 minute video clip from todays debate to upload on here, but the max size is 6Mb file.
The clip is 260Mb, anyway of getting around that Nick?