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And the structure of the WASPS business? Put ACL shares ( with debt ) into one company under the Hedge Fund Parent? So if things go wrong - drop the subsidiary? Just randomly thinking

Your third sentence mixes apples and pairs. Higgs may not have to accept the offer if it does not follow the formula laid down However if they do then s771 applies I am quite prepared to think that Higgs will seriously consider a SISU offer so long as SISU : Gives a valid reason why they want...

Coventry Sports Foundation = Higgs http://www.covsf.com/our-centres/the-alan-higgs-centre.html

Companies Act 2006 S 771?

I agree with that BUT the Directors have to give their reasons why the Shares should not be registered. The reasons have to be such they feel the underlying activities of ACL will be affected.

I understand about the changes but that is what happens every day. The fact is the agreement(s) are still in place

How do they judge if SISU will be "hostile"? Hostile in what way?

So we have a position where each of the two parties can veto the other - in this case of the share transfers However Higgs agree to a pre-emption agreement to CCFC for their share ( at some agreed value - maybe ) But CCC/WASPS can veto the transfer to CCFC if they feel like it Surely the...

Did Higgs have a veto on CCC selling to WASPs do we know?

I thought they were due in <2yrs time I would like to see if the naming rights remained in ACL and to what purpose the income could be used ( and by whom) WASPS have two problems as I see it - They are losing £3m a year currently and they have to service the CCC loan If they only own 50% of...

http://www.skybluetrust.co.uk/index.php/club-information/timeline/357-ricoh-arena-timeline?showall=1&limitstart=

Is meatloaf included in the Compass F&B agreement? I'll get me coat :guitar2:

ermm nope http://www.higgscharity.org.uk/the-ricoh-arena/

As I have indicated before :p

It does not always come down to money - I understood the HIGGS investment was to help provide the community with a local sports facility and for its local football team. ( I do not know ) but if helps fulfill those aims it could argue it has met its obligations and aims? Just thinking aloud

Where does £30M come from? You also forget that ACL has debts of £15m approx that is has to service and repay. We do not know whch arm of WASPS has bought the shares but if that was to fold all the debt would effectively fall on the remaining shareholder

The option

As Liquidator he has a right to know anything about the assets of CCFC within his remit.