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I think that it was a wholly different scenario when this was all set up. It was envisaged back in 2003 that CCFC would partner CCC at the Ricoh. In which case the option was thought to be the right thing to do safeguard CCFC's interest in the stadium at some point in the future. I think back in...

There is usually a general power within the memorandum & articles of any company that the directors can refuse in their absolute discretion to register any share transfer of shares whether they have been paid for or not. Any stakeholders agreement is in addition to that. The current board of...

according to the ccfc accounts NW the money was paid to CCFC group who in part used it to repay certain directors loans that were due for payment, those directors then relent the money back to CCFC

and the assets of CCFC ltd that he has power over are what exactly? 1) a option formula that can not be exercised 2) the right to be informed of a bid received by AEHC for the shares they own in ACL 3) the right to make a bid for said shares

he has the right to information about CCFC Ltd certainly, he should for instance have the full details of the option in his possession and should know for certain who actually owns the option (physically or beneficially) so there should be no argument about that. He does not have the right to...

have to ask them that fp - I was just giving the context as to the decision process. The key really is not in matching it but exceeding it because then it would be harder for AEHC to turn it down due to past dealings etc Trouble is even if AEHC accept the bid it doesn't mean it is a done deal...

An offer does not have to go through the option or liquidator at all ............. the terms of the option say that if AEHC do get an acceptable offer then AEHC must inform CCFC ltd and give CCFC LTD the opportunity to match or better that offer. You do not have to buy via an option but AEHC has...

This is what Simons article says The owners of Coventry City are expected to make a bid for a 50 per cent share in the Ricoh Arena company. The Alan Edward Higgs Charity, which owns 50 per cent of Ricoh Arena operators ACL, recently agreed a deal to sell its shares in the company to...

Because if it was done directly by SISU/Otium then AEHC could simply say not interested. If it is done through the liquidator then AEHC have to consider it properly because the terms of the option agreement say they must if it comes from CCFC Ltd and they must allow CCFC Ltd to make a formal...

I think the main driving force is that Wasps wanted a place for the team. The planning consents on the Ricoh site for development have been there for some years and formed part of the demise for the lease. Any development would help improve income streams at the Ricoh If there is an...

well they have already said that they will be developing a training ground in the area ....... that doesn't have to be at the Ricoh.

no but ACL, AEHC, CCC & Wasps are affected by NDA's and they hold the info. No we don't know the details of the deal and yes it might be more than the shares, there might be a development deal of some kind - there might not. But once they have the long leasehold if there was a development...

Possibly but what are they going to do if say Wasps cant raise the money to do it? The reviving of CCFC Ltd I would guess is not going to be straight forward, for one thing why would you sell to or take in to partnership a company that has no visible sign of support and has huge creditors...

I agree with this

assuming that Wasps have a 250 year lease on the whole site as has been said then they can do, subject to planning permission and CCC freeholder permission, what they like on the site. But it has always been the case that ACL could develop the site, they just didn't have the money to do it, so...

There is no formula price. The formula can not be used whilst there is a contractual debt to ACL, the amount enforced by the FL did not settle that contractual debt. The offer to be made has to match at least the offer from Wasps (which was not based on any set historic formula) or AEHC can...

But not what he is saying though is it ....... he is saying it was 5.5m or 2.77m for all the shares (contradicts himself even then)...... payment for the lease is seperate to payment or value of the shares i would think ....... looks to me that he like the rest of us doesnt actually know

I find some of this confusing to be honest as with some of his other tweets. I am also reminded that some of his previous "exclusives" have been wholly inaccurate. I would also suggest that the information such as he has it is not coming from ACL, Wasps, or Charity. It may be that he has...

Just a thought but to sack him will mean paying/settling up a 4 year contract............. I don't see them spending the money Also having made such a big thing of his appointment and the 4 year contract will they want rid 2 months later? If he shows some flexibility in his tactics and...

It is easy to think that the more you tell SP something is wrong the more he digs his heels in that he is right ........ think he needs to step back take a breath and have a rethink. Nothing wrong with flexibility or even saying lets do it a different way.