The business language is OpCo - PropCo
You keep the major assets in a less risky company (PropCo) and the day to day trading in OpCo
Standard practice these days
Was told by a Southend supporter he thinks they are gone. All players of any value have been sold
Apparantly the stands etc need a lot of attention and thus cost
The ground has planning permission for development so that may have to be sold
I suspect the money came from the CVC deal - it was intended for club development and not paying old debts etc
The fact they could use the money to buy a needed training ground and thus free up other funds does not seem to have occurred to anyone
The answer to your main point is people are not happy being out of Coventry
However they are also not happy at the way the Council have dealt with this matter and in particular they way the sale was conducted
You are entitled to defend the latter if that is you wish but do not cojoin the two
The former is the leader of the mess of Coventry City Council who are supposed to represent 370,000 residents of the City
The latter is the leader of a football club representing X number of part time supporters
And yet the latest report from WASPs does not mention any potential impact on them from any potential legal proceedings
And what do you mean "what happens to the Ricoh" - what can happen to the Ricoh that would damage WASPs ? Even if CCC are found to have breached some EU rule it cannot impact...