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On 25 July 2012, there was a meeting of the various parties, including the Leader of the Council, Mr John Mutton, at which it was agreed that an Indicative Term Sheet would be finalised. Draft Heads of Terms were indeed signed by the Council and SISU, on 2 August 2012........the terms included...

No idea, what are the differences? Why did SISU agree 125 years before, why not 123 or 129.5? Once the lease lasts longer than the stadium the number is largely irrelevant in my view, but if anyone can list the differences I'm open minded about it.

What practical differences does the lease have after the year 2139? I would say none, and I guess as SISU were happy with 125 years before, they would still be happy.

SISU knew they could have a 125 year lease, as the Council and SISU agreed on that as part of the original Higgs deal.

If it's true that Fisher agreed to staying with a rent of £400k, only to be overruled, presumably by Seppala, then he would have played it well.

https://www.youtube.com/watch?v=BzyZeE4mt8U&feature=player_detailpage&list =UUq_5VYwAoOvaL4lyGkwoboQ Very poor defending. Surely the keeper needs to come for the first one, scored from 5 yards out.

If we can claim money back for bad players the club is worth a fortune.

The report shows £833,366 in the business when it went into liquidation – followed by £50,000 recovered from HMRC through a VAT claim. The business now has just £9,673.43 after paying out other sums including over £46,000 in solicitors fees to Stephenson Harwood LLP and £30,000 to...

We know we haven’t done enough to communicate with you. We want this to change. We promise to share as much as we can about what is going on. We are all passionate about the club becoming an essential part of the Coventry community, determined to secure its long term future and build a team...

it's a good letter, deserves a reply. Surely though if you've given a deadline at least wait until then before trying to put pressure on.

In what way?

It wouldn't appear to be a great list of choices, I think it was get out now for a large loss, or get out later for a possibly larger one. Too much of a gamble for them. Of course the lease hadn't been extended before the Higgs deal was agreed with wasps, so Higgs couldn't get more for their...

haha, ok. I'm sure Higgs are kicking themselves.

Chiefdave was asking about CCC, not entirely linked to the extract. You seem to be getting yourself confused.

You seem to have convinced yourself that I've said a 250 year lease is worthless, which of course, I haven't. I've seen the offer of £1.5m with an extra £4m unsecured, which was also linked to a bank deal that was destined to fail, and talk of a £2m offer. Which one of those is better?

I think this was still the failed £5.5m offer, and SISU were thinking they could pay £2m-£5m to discharge or take over the loan. So ACL may have a liability to a SISU company for a loan. Yes, the Council would still have their 50% to sell.

You're right SISU should have put an offer in when requested at the end of 2013. What practical difference does the extra 125 years on the lease mean. What do Wasps get for the extra £1m?

Yes, the extract does have other words in it.

I was highlighting the lease extension part, in relation to James' post.