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  1. M

    Wasps

    Do you think that 2 clubs using the same venue bring in more revenue than 1? If so, then the Ricoh dream has more chance of success with CCFC and Wasps. CCFC is going to be relocated to a smaller ground if it stays with SISU - at least that's the plan. I don't think happy is the word, but a...
  2. M

    Wasps

    They are paying 20m for the lease ( taking over the loan is part of the price ). The security is in effect the lease. If ACL default, CCC get the lease - or the administrator finds someone to take it over and keep up the payments ( CCC will have to have a veto on that though ).
  3. M

    Whatever happened to Les Reid

    you're more in the know than in the know...
  4. M

    Whatever happened to Les Reid

    I agree there.
  5. M

    Whatever happened to Les Reid

    A well worded answer. Says nothing.
  6. M

    Whatever happened to Les Reid

    Are you saying that CCC vetoed Otium's offer to Higg's? Higg's had to accept Wasps offer?
  7. M

    Whatever happened to Les Reid

    Well that means we are all in the know then - except perhaps Les Reid. Any info on the JR? Or the new stadium? Or meetings between Wasps and SISU?
  8. M

    Wasps

    If ACL own the lease, but CCC have a charge on it, then surely CCC are protected? I am sure CCC will have security if they have made the loan. The lease is an asset - and as you say, was sold cheaply meaning it has a value at least higher than what Wasps/ ACL paid for it. The naming rights are...
  9. M

    Wasps

    I believe that as well - judging by his stance on matters. But where do you come in? We already have people who claim to be in the know ( e.g. RFC ), but you seem to have an agenda .... What is it?
  10. M

    Whatever happened to Les Reid

    I was hoping you were here to enlighten us.... E.g. give us an update on the wasps deal or maybe you know something about the new stadium? You say Les Reid knows nothing that we don't know. Do you know something that we as Coventrians and/ or CCFC fans should know? Are you in the CCC or Higg's...
  11. M

    Whatever happened to Les Reid

    And the revelation is......?
  12. M

    Wasps

    So, if the lender is CCC, they will have a charge over the 250 year lease. If Wasps default, the lease reverts to CCC - is that correct?
  13. M

    Whatever happened to Les Reid

    Ok. Can you now answer my question, which is basically - are you " in the know " or have you just chosen the wrong name? If you can reveal something important for either side in our discussions, please do. If not, please change you name to " notintheknow"... Thanks in advance.
  14. M

    Wasps

    So, ok. We will see the liabilities of ACL. If CCC are the lender, then surely we can ask under the FOI act. I don't see why there should be any secrecy now that the deal has been completed ( assuming it has been ). Maybe the final details have not been ratified?
  15. M

    Wasps

    ACL will have to file accounts with Companies House at some time. So we will get to know then at the latest. If the deal has been completed, why can't we ask under the FOI act? Even if it is commercially sensitive, the deal is done now - so why the secrecy?
  16. M

    Whatever happened to Les Reid

    I repeat my question. Does your name have any significance I.e. that you know something more than, say, Les Reid? Or did you just choose the wrong name? If you are "in the know" - please put us out of our misery and spill the beans...
  17. M

    Wasps

    Really? SISU put in a similar offer, but with conditions ( according to Higg's ). It wasn't accepted as it wasn't exactly the same - or at least Higg's thought that Wasps offer was better than SISU's.
  18. M

    Wasps

    Not only that, but the naming rights are coming up soon. Maybe they get the purchase price ( not the loan ) back in one hit.
  19. M

    Wasps

    Wasps made a bid and it was accepted. So no-one was ripped off by Wasps...
  20. M

    Wasps

    My money is on CCFC not getting the crowds, not building a stadium, not getting enough of the F + B, parking revenues etc.. And Wasps doing good PR, playing well and at the end of the day outlasting SISU. Only conjecture of course, but based on respective performances to date. If CCFC get...
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