CT interview with ACL chairman (1 Viewer)

[Deleted member 5849]

He's not the most popular fella up in Scotland!

Nobody at the council ever seems to do any cursory research intp people or organisations.

Which explains why Sisu were their preferred bidder for the club I suppose.

Seems to have a lot in common with another Robinson once involved with a football club.

http://www.scotzine.com/2013/06/chris-robinson-led-hearts-hand-in-hand-to-the-devils-door/

Good job his new employers have moved on from football if that's his past track record!

 

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[skybluefred]

Like Coun Lucas said recently they have moved on from the dispute with CCFC so move on and do it quietly would be my advice, because bringing up CCFC every single statement doesn't look like moving on especially when you add that the door is still open..

I suppose Joy Seppala's statement that said "We will only return as owners" means nothing at all then?

Absolutely correct--they mean nothing what so ever.

 

[SkyblueBazza]

Robinson...now why does that name set alarm bells ringing? Any relation I wonder?


PUSB

 

[ccfcway]

quick thought. Instead of trying to get the Bees up a a huge arena like the ricoh, would there not be any mileage in moving the Bees to the Butts, and looking at using the Ricoh for Coventry Rugby ?

 

[wingy]

quick thought. Instead of trying to get the Bees up a a huge arena like the ricoh, w!ould there not be any mileage in moving the Bees to the Butts, and looking at using the Ricoh for Coventry Rugby ?

Probably noise issues greater for Earlsdon area than Holbrooks.

 

[ccfcway]

Probably noise issues greater for Earlsdon area than Holbrooks.

good shout

 

[covcity4life]

Whilst it may be true that the Ricoh Arena will be fine without the club, isn't that a huge fuck you to the fans?
Not the best way to start your reign really is it. A bit smug.

exactly.

acl scummer

 

[valiant15]

exactly.

acl scummer

Is he scum or just a sensible business man looking after his business?

City were not chucked out,they left on there own accord remember?

You should channel all your frustration on tim fisher to bring us home. He stole our club,nobody else.

 

[italiahorse]

If you owned the Ricoh business what would you do?

a. Continue to wait for CCFC to return even though they are planning to build a new stadium and have shown no intention to return after 12 months away.

b. Look at other business possibilities like expanding other areas of the business ie corporate, hotels etc and looking at other possibilities for the stadium.

Please answer as if its your money, not as a Coventry fan.

 

[dongonzalos]

If you owned the Ricoh business what would you do?

a. Continue to wait for CCFC to return even though they are planning to build a new stadium and have shown no intention to return after 12 months away.

b. Look at other business possibilities like expanding other areas of the business ie corporate, hotels etc and looking at other possibilities for the stadium.

Please answer as if its your money, not as a Coventry fan.

I would start negotiations with a business that clearly would secure the Ricoh and close the door in CCFC.

At the same time I would privately and public ally put a take it or leave it offer to CCFC.

With a deadline if the deadline comes and their is no movement from SISU I would move on.

However I have no doubt if the alternative is a realist one SISU will come running.

 

[RoboCCFC90]

If you owned the Ricoh business what would you do?

a. Continue to wait for CCFC to return even though they are planning to build a new stadium and have shown no intention to return after 12 months away.

b. Look at other business possibilities like expanding other areas of the business ie corporate, hotels etc and looking at other possibilities for the stadium.

Please answer as if its your money, not as a Coventry fan.

Option b) that is what I said earlier in the thread, but of course it was wrong, however if ACL and CCC want to move on then they really should and just forget CCFC, there is only so much you can offer one party.

 

[Godiva]

I would start negotiations with a business that clearly would secure the Ricoh and close the door in CCFC.

At the same time I would privately and public ally put a take it or leave it offer to CCFC.

With a deadline if the deadline comes and their is no movement from SISU I would move on.

However I have no doubt if the alternative is a realist one SISU will come running.

ACL cannot resolve the situation - nothing they can offer will bring back the Club.

The only way to bring back the Club to the Ricoh is an agreement to sell the shares in ACL to SBS&L.
Add to that a new long lease (99yr) in Exchange for the £14m ccc loan.

 

[Davs]

Lets face it, it really is time one or other party actually DID something.

I am sick of all this posturing:

"We're building a new stadium"

"We're moving on"

It is all bollocks on both sides. SISU know that the Ricoh is the only viable option [other than a permanent move to Northampton]

CCC/ACL know that the only viable option for the Ricoh is a return by CCFC, or major investment to alter the main thrust of the business. The idea that Cov Rugby or the speedway would make reasonable tenents is ridiculous.

So for either party the only "moving on" options are massively expensive and time consuming.

Because of this both sides are very wary about calling the others bluff, after all talk is cheap, but actually handing out some cash is very different.

 

[RoboCCFC90]

Lets face it, it really is time one or other party actually DID something.

I am sick of all this posturing:

"We're building a new stadium"

"We're moving on"

It is all bollocks on both sides. SISU know that the Ricoh is the only viable option [other than a permanent move to Northampton]

CCC/ACL know that the only viable option for the Ricoh is a return by CCFC, or major investment to alter the main thrust of the business. The idea that Cov Rugby or the speedway would make reasonable tenents is ridiculous.

So for either party the only "moving on" options are massively expensive and time consuming.

Because of this both sides are very wary about calling the others bluff, after all talk is cheap, but actually handing out some cash is very different.

Exactly I couldn't agree more this a huge game of Chess and the Club and the Ricoh are pieces in the game, in affect I'd like to see more people like Chris Robinson brought in to either side for fresh faces and ideas in negotiations and see if a compromise can be met, other than that if ACL/CCC can survive without CCFC and continue to come out and state that they've moved on from the row with CCFC, then close the door of opportunity and look at other porspects and let the Club build the Stadium they're willing to build.

 

[dongonzalos]

ACL cannot resolve the situation - nothing they can offer will bring back the Club.

The only way to bring back the Club to the Ricoh is an agreement to sell the shares in ACL to SBS&L.
Add to that a new long lease (99yr) in Exchange for the £14m ccc loan.

So u think if SISU saw a viable option about to sign up at the Ricoh on a long term deal.
They would choose to borrow 30 million and build a new stadium?

 

[Godiva]

So u think if SISU saw a viable option about to sign up at the Ricoh on a long term deal.
They would choose to borrow 30 million and build a new stadium?

I think if they were offered to buy the shares in ACL at a fair Price they would take it.
Higgs probably would be happy to sell their 50% - it's all up to CCC to offer their 50%.

All the nonesense about how everybody have moved on ... well, they have all moved to the position where the choice is either sell ACL to SBS&L or don't.

 

[squeeam]

 

[covcity4life]

Is he scum or just a sensible business man looking after his business?

City were not chucked out,they left on there own accord remember?

You should channel all your frustration on tim fisher to bring us home. He stole our club,nobody else.

you work on fisher
ill work on acl

maybe we can get this done tag team style!

 

[valiant15]

you work on fisher
ill work on acl

maybe we can get this done tag team style!

Ill dust off my AK47.

 

[covcity4life]

Ill dust off my AK47.

no disqualification match i take it?!

 

[Captain Dart]

I think if they were offered to buy the shares in ACL at a fair Price they would take it.
Higgs probably would be happy to sell their 50% - it's all up to CCC to offer their 50%.

All the nonesense about how everybody have moved on ... well, they have all moved to the position where the choice is either sell ACL to SBS&L or don't.

Isn't this arse over tit, doesn't the buyer usually approach the seller with an offer?

 

[Astute]

I think if they were offered to buy the shares in ACL at a fair Price they would take it.
Higgs probably would be happy to sell their 50% - it's all up to CCC to offer their 50%.

All the nonesense about how everybody have moved on ... well, they have all moved to the position where the choice is either sell ACL to SBS&L or don't.

So why didn't they buy the Higgs share recently then?

 

[Godiva]

So why didn't they buy the Higgs share recently then?

I think we have been over this a few times before ... or a few dozens of times.
sisu/ccc agree a joint plan where sisu acquire the ACL mortgage and discharge it, buy out the Higgs shares and finally buys the ccc's shares.
Then ACL financial director transfers to Yorkshire bank, Hoffman & Elliott turns up with Haskel IV, CCC buys the mortgage ... etc. Maybe the clue is hidden in between some of these events?

 

[dongonzalos]

I think we have been over this a few times before ... or a few dozens of times.
sisu/ccc agree a joint plan where sisu acquire the ACL mortgage and discharge it, buy out the Higgs shares and finally buys the ccc's shares.
Then ACL financial director transfers to Yorkshire bank, Hoffman & Elliott turns up with Haskel IV, CCC buys the mortgage ... etc. Maybe the clue is hidden in between some of these events?

Is it ethical for a council to be in agreement with a private company to distress a charity/council's business in order to under value a mortgage?

Is that what the original agreement was that it seems the council stepped away from?

 

[Hobo]

Is it ethical for a council to be in agreement with a private company to distress a charity/council's business in order to under value a mortgage?

Is that what the original agreement was that it seems the council stepped away from?

It may not be ethical, anymore than it was in the first place, hatched I might add by the private company who are now bleating!

 

[wingy]

I think we have been over this a few times before ... or a few dozens of times.
sisu/ccc agree a joint plan where sisu acquire the ACL mortgage and discharge it, buy out the Higgs shares and finally buys the ccc's shares.
Then ACL financial director transfers to Yorkshire bank, Hoffman & Elliott turns up with Haskel IV, CCC buys the mortgage ... etc. Maybe the clue is hidden in between some of these events?

The last thing I read from the trust q+a on here the other day suggested for their £7M. investment clearing the loan entitled them the clubs original 50%
Whether that needs clarifying??

 

[fernandopartridge]

Is it ethical for a council to be in agreement with a private company to distress a charity/council's business in order to under value a mortgage?

Is that what the original agreement was that it seems the council stepped away from?

Nothing unethical about it, the only loser would be the bank which overstated the value of an asset in the first place

 

[Astute]

I think we have been over this a few times before ... or a few dozens of times.
sisu/ccc agree a joint plan where sisu acquire the ACL mortgage and discharge it, buy out the Higgs shares and finally buys the ccc's shares.
Then ACL financial director transfers to Yorkshire bank, Hoffman & Elliott turns up with Haskel IV, CCC buys the mortgage ... etc. Maybe the clue is hidden in between some of these events?

I have seen this sort of thing posted several times. Never seen any proof of it though. Yet so much is made of it.

If true why did they hold talks on buying the Higgs share before anything else happened?

 

[DaleM]

All this talk about SISU buying the Ricoh if ACL goes into administration is doing my head in . I may not be right but if ACL did go tits up and the administrator had to sell it ( Which seems to have been Sisu's plan) , what is to stop someone else coming along and offering more than Sisu's offer . Is there any guarantee Sisu could get control of the Ricoh or does an administrator have to sell it off to the highest bidder.
Obviously it is hypothetical but for the life of me I can't see how Sisu would be guaranteed the Ricoh even if they win the JR and ACL have to give the 14million back. Anyone can bid for it or am I just being a bit thick ?

 

[The Gentleman]

All this talk about SISU buying the Ricoh if ACL goes into administration is doing my head in . I may not be right but if ACL did go tits up and the administrator had to sell it ( Which seems to have been Sisu's plan) , what is to stop someone else coming along and offering more than Sisu's offer . Is there any guarantee Sisu could get control of the Ricoh or does an administrator have to sell it off to the highest bidder.
Obviously it is hypothetical but for the life of me I can't see how Sisu would be guaranteed the Ricoh even if they win the JR and ACL have to give the 14million back. Anyone can bid for it or am I just being a bit thick ?

If ACL did go into admin, would they get to choose the administrator, seems that happened somewhere else recently...............

 

[chiefdave]

All this talk about SISU buying the Ricoh if ACL goes into administration is doing my head in . I may not be right but if ACL did go tits up and the administrator had to sell it ( Which seems to have been Sisu's plan) , what is to stop someone else coming along and offering more than Sisu's offer . Is there any guarantee Sisu could get control of the Ricoh or does an administrator have to sell it off to the highest bidder.

If ACL went into admin isn't it probable that the lease reverts to CCC?

 

[Astute]

If ACL went into admin isn't it probable that the lease reverts to CCC?

Yes, but with a loan still to sort out.

 

[Godiva]

All this talk about SISU buying the Ricoh if ACL goes into administration is doing my head in . I may not be right but if ACL did go tits up and the administrator had to sell it ( Which seems to have been Sisu's plan) , what is to stop someone else coming along and offering more than Sisu's offer . Is there any guarantee Sisu could get control of the Ricoh or does an administrator have to sell it off to the highest bidder.
Obviously it is hypothetical but for the life of me I can't see how Sisu would be guaranteed the Ricoh even if they win the JR and ACL have to give the 14million back. Anyone can bid for it or am I just being a bit thick ?

ACL is not going into administration and it was never the intention from any of the parties. There's NO danger of that happening now or even 5 years into the future unless something completely unforeseen happens. They may run out of cash, but then they may have assets to sell or the option to bring in another investor. Don't worry about the Ricoh - it will survive with or without ccfc there.

 

[DaleM]

If ACL went into admin isn't it probable that the lease reverts to CCC?

I don't know . I am not into finance / property / law.

I am but a simple man who as long as I'm warm , well fed etc. and has enough money for a pint or two , is mostly content with my lot

Although I reckon this site could be used as an excellent resource for uni students studying any of the above .

 

[fernandopartridge]

I don't know . I am not into finance / property / law.

I am but a simple man who as long as I'm warm , well fed etc. and has enough money for a pint or two , is mostly content with my lot

Although I reckon this site could be used as an excellent resource for uni students studying any of the above .

It does - I am sure Fisher or Labovitch have mentioned it as one of their issues with CCC