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Yes. That's the problem. The preference shareholders have probably lost their money, but Arvo holds charges over the assets. Someone has to convince them that it is better to take a haircut now, than wait until the academy, training ground and maybe the golden share have gone.

No, it proves that Wasps will talk with people not involved in a JR which will cost them time and money as they will be called to give evidence. Seems to be that, if you drop the JR, Wasps will talk to you. If SISU cared about the club, they would drop the JR which would allow the club to get...

Really? You seem to well up on things with the council.....

Tim has said, we are not coming back, the ship has sailed, we wouldn't have accepted the Wasps' deal because of the loan, we are building our own stadium etc. Etc.. Didn't leave a lot of room for manoeuvre did it? The new stadium, or maybe the BPA, is still the preferred option over the Ricoh...

Not quite as simple though is it.... Wasps did need to move. They had had it where they were and the locals were on the streets with pitchforks about their expansion plans in Wycombe - which got the expansion stopped. Financially they were finished. CCC are responsible to over 300000 people and...

Good move, and yes we will never agree. Never agree - not in a bad way though...;-)

And the answer to my question?

SISU were right to break the lease, but wrong not to accept a lower rent whilst negotiations were being offered. They also should have been working on a stadium in the background whilst holding out for a new deal on the stadium. Burning bridges and promises of a new stadium in the Coventry area...

In what way? You just said our decline has been going on for 17 years.... Wasps didn't even know that the Ricoh would ever happen 17 years ago. Leaving a 32000 seater stadium empty in a city of over 300000 with a potential catchment area of well over 500000 was begging for a disaster. Telling...

In our case, yes, it seems so.

If the owners had put the long term interests of CCFC at the front as you clearly would do, Wasps would either not be here, or as a tenant of CCFC. A totally miscalculated gamble of burning all bridges, and moving to Northampton backed by promises of a new stadium in order to save the image of...

One is flying high.... the other is going down to the 4. Division. Similarities end there.

The rugby club I used to sponsor for 16 years - before they forgot about points in our sponsorship contract- often refer to them as Coventry Wasps and have been invited to see them in action as part of their visit to Coventry to play CRFC in a friendly. The friendly is part of the 70 years City...

Anyway.... back to the thread....... why don't they do a Joy on Joy? When she wanted the bank to take a haircut she was to go with Steve West and say ACL is fucked - we will offer you a fraction of your loan as opposed potentially getting nothing..... in this present case Arvo's investors have...

Putin?

Arvo have a charge or debenture on all assets. Ryton may be mortgaged , but the equity will probably be covered by Arvo. The value of the assets is therefore what Arvo would accept. Joy controls Arvo and has a duty to her investors- she cannot just throw away their investment, so she will be...

Still more interested in where Tim is. Is this game over? Relegation and Joy looking for a new CEO.... Tim should be doing that- as he should be replacing the technical and operations directors.......

That's Robins...

They need a guarantee or a bank to underwrite the bid - they don't have to see everything themselves. The guarantor/ underwriters do that.

I said that Joy would be looking to save Arvo's money at least - her valuation not mine. She could also put enough in to give MR tools to get us a decent squad in 2017/18 and withdraw a short term bridging loan later in the season . She lent CCFC money recently and withdrew it later. I am sure...