Search results

It's not a smokescreen - it's a contract. And it's a complex contract with a number of layers in the form of those sub-leases, to go back to the OP. Tim & Labo pretending that it can simply be ignored, and a deal magically done for the whole Ricoh unecumbered, now that is a smokescreen. Not...

Appreciate what you're saying, but I still don't think £1.2m was an extortionate rent for a £50/60m stadium. An interest only loan for that amount would probably have been at least as much if not higher. The enormous error was selling the income streams, but by then we were so against the wall...

Me too, Jack - me too. The bitter irony, if the council hadn't got involved then maybe we'd still be at HR and in a much better place. (Although we'd obviously would either have been renting it at £1m/season (iirc), or trying to buy back the freehold from a private developer, having sold it...

I'd agree with most of this except the 'took advantage' part. The council paid for the land, and built the stadium. Then they offered fifty percent of it back to the club at a frankly remarkable price. The club both sold that 50%, and the rights to the income streams. And now they seem to...

It's not just the sub-leases. There's the not insignificant fact of the 40+ year lease that ACL hold. ACL aren't the Council. If the Council broke the lease, ACL could sue the Council.

Apologies, but no, the council can't dissolve ACL. They do not have a controlling interest, and ACL is a separate legal entity. If the Council and Higgs agreed to wind up ACL, I suppose it could happen. Why would they though, both parties have a significant investment in what is supposedly a...

Bingo. That's as good an explanation of it as I've seen anywhere. As expected, it's turned out not just to be about the freehold. It's now about the 'unencumbered' freehold - i.e. the council would have to break the lease with ACL, or somehow wind ACL up. Neither of those things is possible...

The key part of this, to my mind, is that CCFC never bought the land - just the option to buy the land. That option was about to expire when the council stepped in. Why did it need to step in? Because CCFC ran out of money. If the council didn't step in the whole thing dies before it's...

You're quite right in one respect, valuations of this type don't come cheap. I don't see why the Council need to do one though. They've invited bids, prospective purchasers are presumably free to conduct their own valuations and make an offer. The ball is in SISU's court now. The council...

Entirely possible that Clarke's half-brother is Chinese. One in five people in the world are Chinese. And there are five people in my family, so it must be one of them. It's either my mum or my dad. Or my older brother Colin. Or my younger brother Ho Cha Chu. I think it's Colin. :) With...

Just to go back to the planning issues for Exhall. SISU's project is ultimately for a 25,000 seater-stadium, so presumably they'll want to make sure that they get planning permission for something that size. In itself, that makes things harder. Worse though, far worse than that, they've said...

Possibly, but given they've already been called on their 'advanced discussions with landowners and councils' and found wanting, it's kind of hard to believe they're telling the truth this time. All of the cards are against them at Exhall - previous planning rejection at the highest level...

It's good work, but where's the hill. You've got to have a hill! ;)

Spot on with regard to the planning stuff. The appeal was turned down by the Secretary of State in Nov 2013. http://www.out-law.com/en/articles/2013/november/pickles-rejects-coventry-green-belt-marina-and-housing-scheme/ You can read the full report here, if you're really bored...

Absolutely - although even then the FOI isn't actually asking for disclosure of the site. I think it would be hard to make the case that the public finding out that SISU have had talks about a development in the general area would impact any commercial agreement - especailly given that SISU...

"ahah what a woman". Seriously mate, get a yourself a girlfriend, a life, leave the wind-ups to the people who are good at it, and leave the intelligent arguments to the grown ups. Anyway I'll end this now, I refuse to have a battle of wits with an unarmed man.* *That's a famous quote by the...

Crybaby? Seriously. What does that make you mate? Oooh, please don't complain about the fixture being moved, waah waah. I'm worried might not get to watch it on TV, and my mummy's promised me I can stay up late. If you want to argue the point, argue the point. Otherwise you'll forgive me...

Ah, I'm guessing that the people complaining about people complaining about moving the fixture were never actually intending to go to this game. Forgive me if I'm wrong. As for moving fixtures around, it may indeed be part of the modern game, but does that mean that we need to be good little...

Interesting - I'm reading this as 'it suits me better, so please stop complaining'. If football is about sitting on your fat arse in front of the telly, eating chips and listening to Andy Townsend, then I guess there's really no issue. If it's about meeting your mates, supporting your team in...

If he was from Leicester it wouldn't be a problem. ;)