Search results

  1. S

    Wasps complete 100% purchase of Ricoh

    Exactly, they own ACL.
  2. S

    Wasps complete 100% purchase of Ricoh

    Understanding is it's £2.77million each in cash and they takeover the remainder of the £14.4million loan from the council agreed with ACL in January 2013
  3. S

    Wasps complete 100% purchase of Ricoh

    All I know is that Wasps paid Higgs £2.77million for their shares, the same as they paid the council. No idea on CCFC's bid contents. Will keep asking, although they might prefer it to come out through sources closer to the club.
  4. S

    Wasps complete 100% purchase of Ricoh

    More here - http://www.coventrytelegraph.net/news/coventry-news/wasps-complete-100-per-cent-8110467
  5. S

    Coventry City FC's bid for half of Ricoh Arena firm rejected

    Read it here first - http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fcs-ricoh-arena-8108559
  6. S

    CCFC Ltd administrator charges over £444k

    Waiting for clarification from Dept for Business Innovation and Skills. But as it says, the contents of the report is confidential. Worth noting that just because a report has been filed doesn't mean that anything untoward has occurred. The report could say just that for all we know. Sent...
  7. S

    CCFC Ltd administrator charges over £444k

    Coventry City FC Ltd administrator has charged over £444k to date. http://www.coventrytelegraph.net/news/coventry-news/coventry-city-liquidator-charged-over-8105978 Sent from my iPhone using Tapatalk
  8. S

    SCG minutes

    To be absolutely fair, Mr Strange and I had a lengthy and constructive conversation today and I'm hopeful some bridges are in the process of being built. Sent from my iPhone using Tapatalk
  9. S

    Wasps do have the veto

    Wasps have an effective power of veto. They have to agree to any sale of the Higgs shares. As per the quotes in the story: "The shares in ACL are owned 50/50 by Wasps and the Alan Edward Higgs Charity.“The shareholders can sell their shares but each shareholder has a right to approve the...
  10. S

    ACL chairman forced to resign

    Update FYI: http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fcs-ricoh-bid-8087735 Sent from my iPhone using Tapatalk
  11. S

    ACL chairman forced to resign

    Have received this clarification this morning. It certainly clears up the power of veto issue. Wasps would have to agree to any sale. "The Board of ACL, and thus its Chairman, have no say whatsoever over the sale of shares by a shareholder in the company. Shares in any company are sold by the...
  12. S

    ACL chairman forced to resign

    Haha. No, I mean I really don't know who it was! Sent from my iPhone using Tapatalk
View older results
Top