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perhaps but in making the public utterances is that sufficient to advertise that their interest in the ACL shares is open to offers for the purposes Dave has highlighted? I don't know. Think they made clear the freehold was never available didn't they?

I would also be very surprised if having been through the legal war with SISU already that all sides did not invest in the best legal advice available when doing the Wasps deal. The chinks in what was should or could have been done should not be great should they in those circumstances ...

just another thought Is the reason that Lucas was quoted a number of times in local and national press saying they would listen to any reasonable offer done to cover some of this. Did the meetings between Lucas and Seppala talk of availability and invite offers?

The sales process was for shares though CD not land and the lease extension came after the share deal to an existing tenant with 40 years left on its original lease. So doesn't that take the lease extension away from the public quoting or auction? would agree there must have been valuations as...

wind your neck in. At what point did I say that due process of the law should not be followed? It isn't a question of ideals and never has been, if the law has been followed then so be it if it hasn't also so be it. If there is wrong doing it needs to be challenged investigated and dealt with...

I don't think that would be one of the remedies for state aid cases. SISU would have a claim against the council if they could prove a duty by the council to offer the sale to all and sundry or to have included SISU/CCFC. As the loan has been repaid then forcing repayment is not a remedy. To...

one of the most sensible balanced comments on this thread or recently on this forum

If they get promoted this season what changes in terms of the arrangement at the Ricoh? Don't the same terms stay for the next 2.5 years with the option of ACL to terminate it if they see fit at end of this season. WE wont have our own stadium any time in the next 3 years imo. We get promoted...

Some detail from the Wasps group accounts 2015 accounts Group losses in total (including ACL from Oct/Nov 2014) = 6,322,816 "The Group's loss for the year includes the holding company's loss for the year of £6,124,169 (2014 : £4,263,882)." "If the acquisition of Arena Coventry Limited had...

I totally agree with the first 3 sentences .............. but given what we know how is the ownership of the Ricoh by CCFC (a) possible (b) that likely (c) achievable in a timescale that is realistic for the club. Surely we need, for the benefit of the club, some certainty as to where we are...

I know people/journalists/politicians/press releases by the parties etc etc keep adding in the loans they took over as part of the consideration for the shares but it is not the case. The consideration was £5,717,143 as detailed by Wasps Holdings June 2015 financial statements. As per those...

Seems to be a favoured tactic of SISU and Ms Seppala As to disparity........ there was/is no valuation of the ACL shares save for the deal that was done The £48.5m values the long leasehold interest which (a) didn't exist when shares sold, (b) is not a valuation of the total worth of ACL/Ricoh...

yes it does but you must also take all the positives and negatives together to get to an opinion as to current value it will be a lot less than 48.5m

not seen the accounts as yet....... so cant comment too much on them Can we clear something up though. The long Leasehold interest of 250years is valued at £48.5m in line with valuation report in the prospectus. That is not the same as valuing the shares of ACL when they were sold to Wasps...