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  1. chiefdave

    Wasps in talks to takeover Ricoh

    I've been in situations where I've been having commercially confidential discussions regarding taking over a business while other parties were also having commercially confidential discussions about taking over the same business. If I wanted an exclusivity period I'd request it and no doubt...
  2. chiefdave

    Wasps in talks to takeover Ricoh

    Ignoring the fact that it would in no way jeopardise commercially confidential negotiations I'll give you a very simple reason: Coventry City Council Coventry City FC Coventry RFC SISU are merely passing owners, here for a brief period in the long history, and hopefully future, of our football...
  3. chiefdave

    Wasps in talks to takeover Ricoh

    It means they can't give details of Wasps bid, it does not mean they can't invite offers from others. They do not have to give details of Wasps offer just make it known a 250 year lease is available. You make it sounded like she knew all along. By the time Joy was saying she was aware of the...
  4. chiefdave

    Wasps in talks to takeover Ricoh

    No what I am saying is unless Wasps had exclusivity CCC could very easily say to SISU we will consider offers for ACL and as part of any sale we will consider extending the lease. That would in no way breach confidentiality. If there was no exclusivity they could have made it generally known ACL...
  5. chiefdave

    Wasps in talks to takeover Ricoh

    You can't say CCC may have offered the lease, with absolutely zero evidence and then assert with total authority that Sepalla wouldn't be interested in a lease. How do you know if what was being said in private was the same as was being said in public? And of course SISU did state they wanted a...
  6. chiefdave

    Wasps in talks to takeover Ricoh

    To me if that is the case then it was in the best interest of CCC and Higgs to offer the same deal to the club. Then they could come out and say 'we offered SISU a 250 year lease for under £6m and they weren't interested so we sold it to someone who was'. Not ideal as its still not really a...
  7. chiefdave

    Wasps in talks to takeover Ricoh

    A confidentiality agreement needs two parties to sign it. Wasps didn't just thrust it on CCC. They should never have agreed to it and the whole thing should have been out in public. As much as it would give other interested parties to bid it would also have given anyone likely to be adversely...
  8. chiefdave

    Wasps in talks to takeover Ricoh

    The original agreement was for CCFC to own 50% of the freehold with CCC owning the other 50%. Late in the day CCC grabbed 100% of the freehold and the football club were left with 50% of ACL. And of course ACL had to pay £20m + for the lease so we definitely got the rough end of that deal! It...
  9. chiefdave

    Wasps in talks to takeover Ricoh

    MMM that is complete and utter rubbish. A 250 year lease is to all intents and purposes the same as owning the freehold. If someone says they want to buy the freehold and you would happily sell them a 250 years lease it is absolute insanity to suggest that its for the purchase to request that...
  10. chiefdave

    Wasps in talks to takeover Ricoh

    A 40 year lease is very much a lease, a 250 year lease is pretty much the same as owning the freehold. We know SISU repeatedly stated they were interested in the freehold. If the freehold wasn't available but a 250 year lease was the onus is very much on CCC to make that known, it would be the...
  11. chiefdave

    Wasps in talks to takeover Ricoh

    At the time ACL had a relatively short lease, something like 45 years left to run. So the pertinent question would be at the meeting mentioned did Lucas make any mention of a 250 year lease being available? A 250 year lease is, to all intents and purposes, the same as freehold.
  12. chiefdave

    Wasps in talks to takeover Ricoh

    Depends on your definition of forced, we had no other option than to agree to whatever deal was offered. If we didn't we had nowhere to play. We were already paying huge penalties at HR for being late moving out and delaying the development. We couldn't afford to exercise the buy back clause, if...
  13. chiefdave

    U21's v Huddersfield.

    At this stage of the season are triallists going to be players who have managed to go all season without getting a club (not a good sign I would have thought) or are we getting an early look at players who will be released at the end of this season?
  14. chiefdave

    When did you last buy a Cov shirt ?

    I got the retro style one we had a few years back and I got one of the Puma FA Cup replica's. Prior to that probably one of the late 90s ones. Used to buy them every season when I was younger.
  15. chiefdave

    stadium matchday costs

    I think F&B is often used as a bit of a catchall term. While getting the matchday revenues would be nice I can't imagine there's millions to be made there. The revenues are non-matchdays are the most crucial. That said if I thought the money was going to the club I'd spend a lot more. At the...
  16. chiefdave

    What's your Match Day Costs ?

    Lived in Ottawa for a while. That was our PL days and as they showed 3pm live matches and all the 'big' games got moved for Sky we were on fairly regularly, certainly more than we were ever on TV at home.
  17. chiefdave

    Wasps in talks to takeover Ricoh

    The sliding scale also had us paying a lot more than £1.2m a year on some points of the scale. As for the rent being the same as at HR you need to read very carefully what was said about that. It was actually set as the same as the final rent at HR, negliting to mention that the final rent at...
  18. chiefdave

    Season ticket sales drive from SISU

    Didn't realise we were paying David Bell that much!
  19. chiefdave

    Pay Monthly Season Ticket

    It won't be so much an issue of permission. I suspect so long as we hand control back over to Wasps in the same state we received it in on a matchday they won't really care (unless we're messing with advertising or things that make them money). The issue will be time, we only have a short period...
  20. chiefdave

    This Tesco 'Loss' ??

    Oddly their share price has gone up after they announced this! Seems to be based on the idea that the worst is over and it will get better from here.
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