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I think Grendel has hit the nNail on the head there. This is a 100% purchase deal already agreed in principle . Any offer can be reasonably rejected by the Board of ACL if it is not in the best interests of the company. I do recall the board of Liverpool selling the club from under the...

The other point to consider is what is the exposure of ACL or their owners if they sell to AN. Other party and are then taken to court by SISU. Can be any more that what they have paid for it (say £4m) + some costs. Once it had been sold and it is a done deal would that cash prize be big...

At this point all that is on offer is the option to purchase a company who has the first option on 50% of the company ACL. ACL shareholders are Higgs and WASPS. I think the option to offer the shares to CCFC Ltd is required under the existing agreements so that there can be no comeback once...

They have not inherited anything, they purchased the council ownership that will include liabilities and rights.

Wasps showed they were prepared to do business at the market rate. They may have negotiated hard and got a good deal but they seem to have dealt openly and honoured what they agreed. SISU seemed to want to get the assets of ACL for nothing by attempting to distress the assets and remove the...

its seems to me that the 30 day time period will prevent any bidding war. The liquidator has 30 days (from today I presume) to pull all this together , finance, creditors Vetoes and Egos . What real chance is there of this happening...? Its just due process preventing legal action down the line

i think SISU only view coventry city football club a vehicle to own the Ricoh and the surrounding land for Development. They thought they were the only game in town and have been asleep on the job and WASPs have been business like and proposed a deal that meet the needs of the shareholders. I...

OSB I also raised that as it would have a material effect on the value of CCFC LTD and what the administrator could raise in terms of funds to meet the creditors debts. It would be interesting as to what that current value of the option would be. And if exercised a £2.77m war the net present...

I see it the same way as oldskyblue58. Think its a process thing to ensure all the i's are dotted and T's crossed. Looking at how Wasps have conducted themselves (purchase,New local sponsor, PR etc) to this point they appear to be very organised and I would not expect that they would enter...

I am not sure how the administrator could purchase The Shares on on behalf of anyone. He may be able to sell the company with the Option in place. What was the value of the Option on the books of CCFC ltd? If the administrator / liquidator missed £2.77M of asset / Value then it may be suggested...

So a stay of liquidation, filing of outstanding accounts and returns, £2.77m of inward investment, settlement with the current creditors or /and offering CCFC Ltd to the highest bidder (Administrator has the requirement to get as much as is possible for the creditors) then a deal to be struck...

i dont think its that simple. They are not dealing with SISU but offering it to the liquidator of CCFC Ltd a company that is to be wound up. . I would imagine that CCFC Ltd's option is not transferrable but resides / dies with the company. So how does the liquidator get £2.77M of...

what is there to discuss with Sisu. An agreement is in place for them to play for 2+2 Yrs. Wasps are concentrating on wheeling out significant local sponsors such a whitley based Land Rover. Seems these guys operate in a totally different league (no pun intended) to Timmy and Joy

Until Sisu / CCFC table a rival bid then there is nothing to discuss.

Standing back and looking at it without a supporters hat on... 1) The Ricoh is in Demand.... so much for the worthless business that SISU wanted for nothing. WASPS seem to have clearly identified why this city and stadium is of interest... SISU also know this but now seemingly not be the only...

HR 0.5miles Ricoh 2.6

SIS do not have to have the money in order to buy the Ricoh just a means to service the debt. How many of you had the money to purchase your house the glazers didn't to purchase Man Utd. All SISU need is to be able to purchase an asset at an advantageous price the purchase will be leveraged...

This is typical bully boy tactics by SISU. They have a documented past of not paying bills in this city (even though they entered into an agreement) They have now challenged the Higgs Charity to Gamble on losing 100k + costs in order to win 30k+costs

Why don't you suggest that they put on a bus for the team to travel to play in Coventry. Much Cheaper for the club and a much lower carbon footprint

So the football league condone the owners of a member club placing it in to administration to rid themselves of debt , wilfully making themselves homeless and then investigate them to ensure that they have sufficient funds to run the club for years. Give them the green light to effectively...