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  1. chiefdave

    SCG minutes...

    This seems to be his new tactic, keep saying everything isn't clear and there's confusion. Mentions it multiple times according to those minutes. Yet most other people seem to have no problem understanding all these points which leaves 2 options a) he's lying or b) he's not up to the job.
  2. chiefdave

    SCG minutes...

    What in that made you changed your mind? The £32m SISU wrote off wasn't really their money was it? Wasn't it debt from before they tookover that they had kept on the books not actually money they'd ever put in.
  3. chiefdave

    SCG minutes...

    So this centres then on SISU stating they were deliberately trying to deceive Yorkshire Bank by colluding with the council to create a false impression that ACL were distressed. Not sure I'd be wanting to stand up in court and state that. What was Labovich's quote from the last meeting? "It’s...
  4. chiefdave

    SCG minutes...

    PWKH said they were prepared to accept the CVA if SISU dropped the JR and agreed to a rolling 10 years lease at (I think) the 150K rate. They aren't actually getting 0.5 pence in the pound as it was a condition of the FL when handing back the golden share that the debt to ACL was paid in full...
  5. chiefdave

    SCG minutes...

    So why could they only do this when the mortgage was with Yorkshire Bank?
  6. chiefdave

    SCG minutes...

    I still don't understand what difference it makes if you're trying to purchase 50% or even 100% of ACL. Prior to the change ACL were paying Yorkshire Bank, after they were paying CCC (at a lower rate). I don't really follow SISU's arguement. If I was buying a company and during the talks...
  7. chiefdave

    SCG minutes...

    Don't see that happening tbh. If CCC don't want SISU owning 50% of ACL the simple route is to use their veto. At that point they would need to explain to the people of Coventry why they had used the veto as it would be seen as blocking the return of the club to the city.
  8. chiefdave

    SCG minutes...

    The council didn't reject the CVA did they, did they even have a vote?
  9. chiefdave

    SCG minutes...

    Surely repayment terms would already be laid out? Would be a very odd choice if the council did that as they would run the risk of not being paid and of course a PR disaster which may well cost them votes. They may own the freehold but they would then have to resell the lease, seems a lot of...
  10. chiefdave

    SCG minutes...

    Do you think we're at a point now where SISU have to get the Ricoh for next to nothing or they are out of options? I can't really see any other way they can get close to recouping what has been put in even if you assume the actual figure 'invested' is far lower than they claim. If they had to...
  11. chiefdave

    SCG minutes...

    This is the key point. A lot of people talk about what is best for CCFC but that is not SISU's main concern, they need to get the best return for their investors. Buying the Ricoh at market value gives them no room to make a profit. However get a £40m stadium for next to nothing ...
  12. chiefdave

    SCG minutes...

    Well the Higgs share comes with 50% of revenues from the Ricoh complex (at the moment all going towards repaying the loan) and 100% of all matchday revenues so in itself would seem worth purchasing at that price.
  13. chiefdave

    SCG minutes...

    Well ACL have filed accounts which should give the valuers a fair idea and enable them to come up with a decent valuation. At the very least it would show SISU are serious and put the ball in the councils court. If SISU made a serious bid based off a valuation the council would then have to...
  14. chiefdave

    SCG minutes...

    A valuation costs money, why should ACL or CCC pay out? Why don't SISU get a valuation done themselves and make an offer based off that.
  15. chiefdave

    SCG minutes...

    If I was in charge at SISU I would go back to Higgs and complete that deal to purchase 50% of ACL at what is believed to be around £5m. I would then go to the council and make an offer of around £14m (essentially clearing the loan) for their 50% as a starting point and go from there, I think...
  16. chiefdave

    SCG minutes...

    Same way anyone does when making a bid for something that isn't for sale. You could make a conditional bid based on certain assumptions. ACL have published accounts and the term of their lease has a known pro rata value. That would be your starting point. Not entirely accurate but lets say...
  17. chiefdave

    SCG minutes...

    The price for purchasing ACL or the freehold will not be impacted by the amount it costs to buy off other contracts. Most potential owners would see having business in place generating revenue as a plus point! There is nothing stopping SISU approaching any of those businesses at the Ricoh and...
  18. chiefdave

    SCG minutes...

    I have no idea who Peter Ward is but he clearly isn't a fan of Weber Shandwick! The problem is it's again all unsubstantiated claims and everytime Weber Shandwick are mentioned there is no mention of the PR firm engaged by SISU. I think the council would be correct in not responding to FOI...
  19. chiefdave

    What is happening with the ricoh?

    Think that was just press talk. What a lot of people miss with the Ricoh is that, as it's not just a stadium bowl, it isn't the case that a team playing in the stadium on a regular basis is essentially. It could very well be the case that they can generate equal or greater revenue from the...
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