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  1. duffer

    Charity Value of its share

    You're going to have to go back to OSB and DazzleTommyDazzle to get a full understanding of value and how difficult that is to determine, but basically the value of the Higgs share is what a seller is prepared to sell for, and a buyer is prepared to pay. At the moment Higgs don't have to sell...
  2. duffer

    Charity Value of its share

    What's stopping us returning to the Ricoh mate, is SISU. They could come back tomorrow and make more than they ever would at NTFC, even under the £1.2m agreement. And they could still build their new stadium too, if they wanted to. The fact that they won't should tell you everything you need...
  3. duffer

    Charity Value of its share

    Once again Nick, the people to blame for the decrease in value of the charity's investment are exactly the same as those trying to purchase it for less than the charity want to accept! The charity want a set amount for their share, and they think with or without the club it's worth it. Why...
  4. duffer

    Charity Value of its share

    Your contention here is that ACL has no value to Higgs, which is an opinion and not one that stacks up particularly well in the face of the facts. You don't think the charity should bail out millionaire owners, but you would have Higgs sell to SISU at below the value they wish to receive. It...
  5. duffer

    Charity Value of its share

    I'll buy it for a quid, and then I'll roll over on all of the debts, take admin and start again afresh. Since the debtors are primarily SISU of course they may not wish to sell it. Such is life. Caveat emptor.
  6. duffer

    Charity Value of its share

    There is no 'fair value' here Nick. The charity put £6.5m in and the asking price was (briefly) £5.5m. I think most people agree that the charity shouldn't be forced to help out the club - so why should they now, when SISU are attempting to distress ACL, sell for an average 'independent...
  7. duffer

    Charity Value of its share

    Which might apply if the charity had bought the share to make some sort of massive profit out of it, as oppose to rescue the club. I think what you actually meant to put in here wasn't 'caveat emptor' as much as 'tough shit', because I appreciate that you don't really care too much about the...
  8. duffer

    Charity Value of its share

    They think it's worth £6.5m - who's to say it isn't. All the money that they've lost on this was as a result of a desire to help the club, remember. So, what you (and I think Nick) are really saying is that you'd like them to sell it for what SISU want to pay for it, aren't you? If not...
  9. duffer

    Charity Value of its share

    So I guess you're saying that the charity don't do any good works in or around Coventry where £6.5m might be better spent. Interesting. However on one thing here I entirely agree - the charity shouldn't be helping out helping out millionaire owners and players. On that basis I think the...
  10. duffer

    Charity Value of its share

    Maybe it's the fault of those who are trying to make it worthless by their actions, and thereby presumably hoping to pick it up on the cheap. Would you rather the charity hadn't bought the share, and the club had gone under? Just putting it out there... ;)
  11. duffer

    Charity Value of its share

    If the charity didn't get involved, the club would have gone down the pan - would you have been happy about that at that point in time, with a brand new ground just completed? The charity bailed out CCFC once, by stepping in then. Now it seems you're asking them to bail out CCFC again (or at...
  12. duffer

    The Mark Labowitch Thread

    Just to move back to the point, and to give Nick some credit for what he tried to do, he invited me to attend a meeting with ML, and I don't think anyone could accuse me of being pro-SISU. (I didn't go incidentally because I've got a young baby, alongside some other ankle-biters, and it isn't...
  13. duffer

    ACL has "net value of nil"

    A good plan at face value; it looks like a runner but in truth it fell at almost every hurdle. First off, there's no evidence that suggests that YB would ever have sold the loan for £5m. Even at the low point of the process, with the club in admin and not paying the rent, it seems that YB...
  14. duffer

    The Mark Labowitch Thread

    In fairness, the OP of the deleted thread was nervous enough to take it down. Appreciate there might not be a conspiracy, but I don't much care for SISU's approach to free speech in general (see action against SBT for example). I'd be as critical of anyone from either side doing this, fwiw.
  15. duffer

    ACL has "net value of nil"

    I'm not quite sure that's what CCC are saying, but again I take your point and I can see how it can be seen that way. In truth, I'm looking at the Roadmap idea and extrapolating it out into this situation - that called for a purchase of part of ACL and a purchase of the mortgage... Just to...
  16. duffer

    The Mark Labowitch Thread

    No one yet, perhaps - but it seems we're in an environment where people are nervous about posting information about ML meeting with fans. Why is that, I wonder?
  17. duffer

    ACL has "net value of nil"

    Ah, OK, see what you're saying. So you're saying that ACL free and clear of the mortgage is worth £14million, but with the mortgage is worth nothing, right? I'm not sure I'd agree with that, especially given that the Higgs value their share at £6.5m, but I can see how you came to it.
  18. duffer

    The Mark Labowitch Thread

    Which is fair enough, and I respect that. I don't respect anyone who threatens legal action based on someone reporting what was said to them in a meeting though - that's not right to my mind. Either you speak openly to people, or you don't. The cloak and dagger and legal threats stuff does no...
  19. duffer

    ACL has "net value of nil"

    Politely, I don't know how I could make it more clear. You could buy ACL, in theory, for £14m. The mortgage would still exist. You could, in theory, buy the mortgage for £14m. That doesn't give you ownership of ACL, just the debt that they hold. If you want ACL and the mortgage cleared down...
  20. duffer

    The Mark Labowitch Thread

    Funnily enough, I've got a screenshot of it - I'd actually left the window open because I was composing a reply to it. I won't publish it on the assumption that the OP doesn't want it published for some reason. Straight question Nick, did you ask him to take it down, and if so why? I can...
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