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  1. chiefdave

    Hull Next?

    I was under the impression that the freehold was owned by the council but the stadium was operated by SMC which is owned by Assem Allam (the father of Ehab Allam, the owner of Hull City). Is that no longer the setup?
  2. chiefdave

    Hull Next?

    don't think the Hull situation is quite as straightforward as it appears on the surface. Allam owns the leasehold (or at least the right to run the stadium) but has in the last few months been under increasing pressure due to the high charges levied against both the football and rugby team. A...
  3. chiefdave

    Freehold/Leasehold

    ACL's lease has something like 40 plus years left to run. During that time SISU would not be able to (fairly and legally!) do anything to remove them other than offer to purchase the lease back therefore they would make zero over that period as the lease was paid for in one lump sum up front...
  4. chiefdave

    Coventry City owners invite council to talks over Sky Blues returning to Ricoh Arena

    spot on, this is the only thing that makes sense to me as a means to SISU getting their money back. pick up the freehold for well below market value, load as much debt as possible against the freehold. use that money to pay off the clubs 'debt' to SISU and then just walk away or stop paying the...
  5. chiefdave

    Club statement: truth edit

    If they own the stadium (freehold) they get zero revenue for decades. The people who get the revenue are ACL who own the lease (which would still be valid should SISU but the freehold) but that's not what SISU are saying they want to buy. There is no benifit whatsoever of ownership of the...
  6. chiefdave

    Club statement: truth edit

    sure you're right for some people. personally I would love SISU to issue a statement that gave the answers to the questions that are repeatedly posed. At the moment I wouldn't be in favour of SISU being allowed to take ownership of the Ricoh but that doesn't mean I won't look at any evidence...
  7. chiefdave

    Coventry City owners invite council to talks over Sky Blues returning to Ricoh Arena

    there being no harm in it is not the same as nothing being able to happen until the valuation is carried out. there will be a cost involved in getting the valuation done, why don't SISU pay to have their own valuation done, make a bid on that basis and then we move forward from there. The...
  8. chiefdave

    Club statement: truth edit

    compare the tone and content of the two statements and it should be pretty obvious why people were happy with the statement CCC made and unhappy with this statement today from SISU.
  9. chiefdave

    Coventry City owners invite council to talks over Sky Blues returning to Ricoh Arena

    can you explain to me why an independent valuation needs to be done first? My house isn't for sale, nothing to stop anyone making a bid for it and nothing stopping me then selling it to them if I feel it's a price I want to sell at. as far as I'm aware it's not down to Lucas to say yes or no...
  10. chiefdave

    Coventry City owners invite council to talks over Sky Blues returning to Ricoh Arena

    If the council do issue a response I hope it's asks SISU to clarify why they need ownership of the freehold, what benefit it is to CCFC and why they have not yet submitted a bid.
  11. chiefdave

    Coventry City owners invite council to talks over Sky Blues returning to Ricoh Arena

    very poor article from the Telegraph, surely it's not beyond them to ask the most basic questions of SISU. Or even if SISU won't answer them indicate they have been asked and show that the CT have a grasp on what is going on. it seems a way of SISU trying to fool people into thinking they are...
  12. chiefdave

    Has ACL ever offered the rent deal to Otium or CCFC that it offered to administrator?

    also wasn't it mentioned that the offer Higgs accepted from SISU (that they then never heard anything about again) was well under the formula price? if it's still in place who does it lie with? I was under the impression it would cease to exist as part of the liquidation process.
  13. chiefdave

    Sky Blue Trust statement in CET !!!!

    shouldn't this sort of decision be put to a membership vote? on the face of it Michael has made moves to start bringing the splinter groups together and has been dismissed out of hand. It's all well and good saying that the Trust doesn't do protests (what was that march through town if it...
  14. chiefdave

    "New ground" latest

    That could be a problem then. Looking at the access assuming they're going to be routing people from the Coventry side (as that's where you'd expect the majority of traffic to be coming from) it doesn't look like there is the land available to widen the road off the roundabout to Brandon so...
  15. chiefdave

    "New ground" latest

    If they were to buy the site at Brandon it's clear major road infrastructure improvements would be need. Would it be the case that some of these would be within the control of CCC? Where is the actual boundary?
  16. chiefdave

    Your Move SISU

    Are you 100% certain on that. I was under the impression they had offered CCFC their share of the profits (70 something %), a meeting with Compass regarding access to their share and cross invoicing to increase spend under FFP. It was part of the offer to reduce the rent to £400K
  17. chiefdave

    Bickering MP's

    They did exactly the same thing with Portsmouth, they had to agree to make certain payments to be issued with the golden share. Of course the follow on question would be what will the league do if and when Otium fail to make the payment.
  18. chiefdave

    Your Move SISU

    Isn't it one of the league rules that the football club has to have first option on all dates? Games get moved for TV and on safety grounds and I think they can be randomly moved with the agreement of both teams but if the Ricoh was unavailable on a date we were scheduled to play and the other...
  19. chiefdave

    It'a all gone quiet over there

    Is it just me or is anyone else finding there is no option to comment on any CCFC story on the Telegraph website these days?
  20. chiefdave

    Shame on you Coventry Telegraph

    I think the £7m valuation came from Yorkshire Bank who were getting concerned about ACLs ability to pay the loan as SISU weren't paying the rent. It's not a sale price valuation, more how much would the bank be able to recover if ACL did default and they took owership of ACL and had to shift it...
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