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  1. oldskyblue58

    Nobodies Happy!

    Its in the latest stadium forum minutes Godiva ......... here ya go .... http://www.ccfc.co.uk/news/article/stadium-forum-committee-meeting-coventry-city-091014-2007503.aspx
  2. oldskyblue58

    Nobodies Happy!

    At this stage the biggest reason any council would have for rejecting it is that no one has actually seen the business case for it, the business plan or how it would be financed. Unless that stacks up properly then it isn't going to happen especially as any development is going to involve some...
  3. oldskyblue58

    Higgs statement

    What happened was CCC took out some prudential borrowing totalling 21m to help pay for the construction. To repay that borrowing the CCC gave ACL the option of paying £1.9m annual rent or to pay a one off Lease premium of £21m ACL chose to pay the one off premium £21m and took out a loan...
  4. oldskyblue58

    Nobodies Happy!

    isn't the essence of the statement "we haven't been involved properly so far, we should have been involved and we think we should now be properly involved, its done and we want a partnership that works with Wasps" the statement is ....... “Following the announcement of London Wasps Rugby Club...
  5. oldskyblue58

    Tim Fisher's logic?

    What puzzles me with his logic is that he above all others has peddled the new stadium idea and yet here he is scurrying around allegedly trying to put together a deal to buy 50% of the Ricoh. If they are building the stadium isn't the money the 50% will cost better invested in the build. They...
  6. oldskyblue58

    Higgs statement

    That's the test I guess but I think there is only one shot at doing it so if they fail to get an equivalent or better bid first time that's it done. SISU will not have access to the details of the bid Wasps have made to AEHC of course.
  7. oldskyblue58

    Here we go again its bing

    Depends if you see this as two halves or as a partnership to make something bigger as to whether a better deal on incomes can be achieved. They can live without CCFC certainly but having both there and successful makes things much more profitable. They also understand that for both to be...
  8. oldskyblue58

    Higgs statement

    If AEHC has received an offer from Wasps that find acceptable (which is why they have to notify CCFC Ltd ) why would they veto it?
  9. oldskyblue58

    Higgs statement

    but the Wasps CEO confirmed on CWR this morning that they now own the Councils share. I think the transfer has taken place already
  10. oldskyblue58

    Higgs statement

    only way they can have that now is if the freeholder has some right of veto and I do not think that exists. CCC no longer own the shares nor do they have directors on the ACL board.
  11. oldskyblue58

    Here we go again its bing

    I do not see as it stands how anyone SISU, Byng or AN Other get their hands on it ....... As it stands I think Wasps are ahead of the game whether I like that or not. I want CCFC at the Ricoh secure for the long term but I don't think they will end up owning 50% of ACL to do that I will caveat...
  12. oldskyblue58

    Higgs statement

    It seems to me the door is still open for CCFC to be at the Ricoh, its only TF & SISU that are saying they have to move on to this new ground they are building. There is a better deal to be done for CCFC just needs someone on both sides to show imagination, long term commitment to doing it and...
  13. oldskyblue58

    Here we go again its bing

    Here is the latest article in the CT regarding Byng http://www.coventrytelegraph.net/news/coventry-news/michael-byng-claims-lining-up-7910161 There are parts of it that I think are factually wrong - the option can not be transferred or sold on without the Charity's permission. If it could...
  14. oldskyblue58

    More Court Action

    at a guess SISU will probably try to argue that the bidding process is artificial that a deal has been done and that their rights as owners of CCFC Ltd through SBS&L have been prejudiced If the terms of the option are simply to inform CCFC Ltd of any verifiable bid received by AEHC then the...
  15. oldskyblue58

    Higgs statement

    You could read it that way although I am not sure I do. But it does close off SISU ambitions for the Ricoh. I think there is every intention Wasps will end up with 100%. I do not think they have any interest in running CCFC. If TF etc. are to be believed they have it all under control because...
  16. oldskyblue58

    Higgs statement

    getting it down to brass tacks for a potential bidder ...... to get hold of the option ....... - the option can not be transferred from CCFC Ltd without the Charitys permission so cant be bought separately - you have to buy CCFC Ltd - you may get it for £1 but the option it seems may have...
  17. oldskyblue58

    Here we go again its bing

    this seems a strange comment from Byng "I have contacted the Wasps' consortium to seek clarification of approaches made to me on its behalf for financial support for its offer."
  18. oldskyblue58

    Higgs statement

    Wasps have said that all contracts at ACL are binding and will be honoured The custodians and decision makers at CCFC are Waggott, Fisher and above all Seppala........... up to them to evidence a clear way forward to reassure fans...... clever words are not necessary we want and need proof that...
  19. oldskyblue58

    Higgs statement

    Just a question but if the option is legally recognised as belonging to CCFC Ltd (it seems to me that this is now confirmed) how was it ever possible to include it at a value of £1m in the accounts of SBS&L. How did the directors justify that? how did the auditors miss it was in the wrong...
  20. oldskyblue58

    More Court Action

    On the basis that SISU's chosen method of problem solving is going to court I would think they are trying to find ways to take that course...... so I tend to agree with Grendel more legal cases are a distinct possibility. This process has been set up by CCC/Charity/Wasps over many months...
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