Pod Cast about meeting with ACL (1 Viewer)
- Thread starter Nick
- Start date
oldskyblue58
CCFC Finance Director
What pod cast with ACL Nick?
As far as I know there is one from Nii Lamptey show which includes feedback on a meeting with Martin Reeves and Chris West in their roles at the Council not ACL.
Having listened to it that podcast basically tells us not a lot other than nothing has changed. SISU want the freehold and all that is on offer is a rental deal (that has to be done through ACL not the Council though)
Not much either West or Reeves could say really they werent at the JS/AL meeting, they couldnt offer any indication of a freehold sale or say anything other than ACL are willing to talk about a rent deal
As far as I know there is one from Nii Lamptey show which includes feedback on a meeting with Martin Reeves and Chris West in their roles at the Council not ACL.
Having listened to it that podcast basically tells us not a lot other than nothing has changed. SISU want the freehold and all that is on offer is a rental deal (that has to be done through ACL not the Council though)
Not much either West or Reeves could say really they werent at the JS/AL meeting, they couldnt offer any indication of a freehold sale or say anything other than ACL are willing to talk about a rent deal
chiefdave
Well-Known Member
I listen to it while cycling in a gale so apologies in advance if I've got the wrong end of the stick on anything. My overriding feeling was that the CT piece presented just about the most negative report of the podcast conversation possible.
Started off with a preamble where Joey and Andy chatted about how they felt after the chat. This was where terms like downbeat and depressing were used. At the end of the talk about the meeting this was challenged by Neil who shared my opinion that what was talked about seemed quite positive so why were they do down about it and Joey basically said he felt Joy wouldn't accept a deal and we'd end up in a new stadium. Even went as far as to say he thought she would turn down a temporary rental deal while the new ground was built. He was very clear that this was all guesswork / gut feeling.
To the talks themselves, it was stated that Reeves seemed the more downbeat but that wasn't unusual for someone a finance manager and Reeves seemed much more upbeat and optimistic. Points that came up were:
Reeves stated he just wanted to get Coventry back at the Ricoh and felt the best route was a rental deal while the sale of the freehold was discussed;
Councils (not just CCC) don't usually sell freeholds - think the word usually is key there;
Joy wants the freehold and ACL to be removed, although I think this was from prior to the recent meeting between Ann and Joy;
There was talk of SISU taking over 50% of the old loan, the first condition of that proposal was that they bought out Higgs and that never came to fruition. Was made clear there was no veto by the council, either formal or informal, as it was never put to them;
Very clear that the 150K offer was available to SISU / Otium and they were aware of it;
Developing the land is part of any deal as it was part of the original deal between the council and SISU so would roll over to any new deal.
Think that covers the main points. Might give it another listen later to see if I've missed anything. Would recommend subscribing to the podcast anyway, it's always a decent listen.
Started off with a preamble where Joey and Andy chatted about how they felt after the chat. This was where terms like downbeat and depressing were used. At the end of the talk about the meeting this was challenged by Neil who shared my opinion that what was talked about seemed quite positive so why were they do down about it and Joey basically said he felt Joy wouldn't accept a deal and we'd end up in a new stadium. Even went as far as to say he thought she would turn down a temporary rental deal while the new ground was built. He was very clear that this was all guesswork / gut feeling.
To the talks themselves, it was stated that Reeves seemed the more downbeat but that wasn't unusual for someone a finance manager and Reeves seemed much more upbeat and optimistic. Points that came up were:
Reeves stated he just wanted to get Coventry back at the Ricoh and felt the best route was a rental deal while the sale of the freehold was discussed;
Councils (not just CCC) don't usually sell freeholds - think the word usually is key there;
Joy wants the freehold and ACL to be removed, although I think this was from prior to the recent meeting between Ann and Joy;
There was talk of SISU taking over 50% of the old loan, the first condition of that proposal was that they bought out Higgs and that never came to fruition. Was made clear there was no veto by the council, either formal or informal, as it was never put to them;
Very clear that the 150K offer was available to SISU / Otium and they were aware of it;
Developing the land is part of any deal as it was part of the original deal between the council and SISU so would roll over to any new deal.
Think that covers the main points. Might give it another listen later to see if I've missed anything. Would recommend subscribing to the podcast anyway, it's always a decent listen.
