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Butts Park Arena is new home (11 Viewers)

  • Thread starter Glen
  • Start date Nov 12, 2015
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Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,156
italiahorse said:
I thought they said they would consider any 'reasonable' offer for ACL and that the freehold was not for sale.

But based on your evidence I could be wrong.
Oh hold on ......... I'm right.
Click to expand...

I repeat this is a claim made which has no documents to support the claim.

We do have a letter which says the offer was for 125 year lease which the council never disputed.
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,157
Grendel said:
So you know even use the CET as your reference source.

Comedy gold.
Click to expand...

Ok, but has Joy ever denied the unencumbered bit? Has she ever denied threatening endless litigation? Are we experiencing endless litigation her having not got the unencumbered freehold? Do the facts not fit the story?
 

stupot07

Well-Known Member
  • Dec 15, 2015
  • #1,158
martcov said:
Ok, but has Joy ever denied the unencumbered bit? Has she ever denied threatening endless litigation? Are we experiencing endless litigation her having not got the unencumbered freehold? Do the facts not fit the story?
Click to expand...

No we're not facing endless litigation. It will definitely end one day.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Dec 15, 2015
  • #1,159
stupot07 said:
No we're not facing endless litigation. It will definitely end one day.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Click to expand...
You're right but you won't see it but your grandchildren might
 

skybluetony176

Well-Known Member
  • Dec 15, 2015
  • #1,160
Grendel said:
Fabricated nonsense.
Click to expand...

Well if it is fabricated nonsense like you claim I guess that the real question is who fabricated it?

Les Reid certainly believed it enough to post it on twitter, sorry on my phone so can't do a link but here's what he said and when

"Sisu want unencumbered freehold or new long lease & ACL removed by council. Ann says Higgs won't sell

10:06 a.m. - 15 Jan 2014"

So who told him? :thinking about:
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,161
stupot07 said:
No we're not facing endless litigation. It will definitely end one day.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Click to expand...

Optimist....
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,162
skybluetony176 said:
Well if it is fabricated nonsense like you claim I guess that the real question is who fabricated it?

Les Reid certainly believed it enough to post it on twitter, sorry on my phone so can't do a link but here's what he said and when

"Sisu want unencumbered freehold or new long lease & ACL removed by council. Ann says Higgs won't sell

10:06 a.m. - 15 Jan 2014"


Oh great...... an excuse to comment on Les Reid...... I think he was telling the truth on that occaision.
So who told him? :thinking about:
Click to expand...
 

Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,163
skybluetony176 said:
Well if it is fabricated nonsense like you claim I guess that the real question is who fabricated it?

Les Reid certainly believed it enough to post it on twitter, sorry on my phone so can't do a link but here's what he said and when

"Sisu want unencumbered freehold or new long lease & ACL removed by council. Ann says Higgs won't sell

10:06 a.m. - 15 Jan 2014"

So who told him? :thinking about:
Click to expand...

Well that puts the nail in the coffin for that one as according to Martcov he is a serial liar.

Still there is the letter........,,,
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,164
Grendel said:
Well that puts the nail in the coffin for that one as according to Martcov he is a serial liar.

Still there is the letter........,,,
Click to expand...

See above post ( mixed in with Tony's ). Has Joy said she would take a lease with restrictions? Yes or no.
 

skybluetony176

Well-Known Member
  • Dec 15, 2015
  • #1,165
Grendel said:
Well that puts the nail in the coffin for that one as according to Martcov he is a serial liar.

Still there is the letter........,,,
Click to expand...

I'm just pointing out that for a piece of "fabricated nonsense" it seems to get referenced alot and by people who clearly come at the whole mess from different angles. If everyone with different agendas is using it that's usually a good indication that it's true.

You say it's fabricated I'm just asking who fabricated it in the first place?
 

Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,166
martcov said:
See above post ( mixed in with Tony's ). Has Joy said she would take a lease with restrictions? Yes or no.
Click to expand...

Restrictions? What restrictions do wasps have on their lease to terminate existing contracts. I thought that Lucas said the fine print was confidebtial.

Many leases offer the same rights as freehold. Are you saying wasps have restrictions? What are they and how do you know.

Yes by the way we know that she would accept half the length lease and for half share. As it's half share it was an extension to the existing term with the council still excercusing overall control.
 

letsallsingtogether

Well-Known Member
  • Dec 15, 2015
  • #1,167
martcov said:
See above post ( mixed in with Tony's ). Has Joy said she would take a lease with restrictions? Yes or no.
Click to expand...

Not to my knowledge, but those who say different surely have a link to confirm it and put this bullshit to bed once and for all
 

Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,168
letsallsingtogether said:
Not to my knowledge, but those who say different surely have a link to confirm it and put this bullshit to bed once and for all
Click to expand...

Oddly the link is on a thread started a couple of weeks ago.

Considering everyone wanted "the truth" it's really odd these letters have not been widely picked up on.
 

Sick Boy

Super Moderator
  • Dec 15, 2015
  • #1,169
torchomatic said:
I would still rather have the owners of CCFC having control of the Arena with CCFC badges alone than with a team who have zero affinity with the area. But maybe I'm alone in having that point of view. Mainly because if SISU controlled the Arena then there would be a hell of a better chance of them selling up and leaving as they would have something to sell; and there would be no talk of having to move and find another home; which I have to say I agree with.

Like I said I'm pleased in a way it's happened as it shows Mutton up...and...those who said "anyone but SISU". All those begging letters hindered not helped.
Click to expand...

Excellent post.
 

skybluetony176

Well-Known Member
  • Dec 15, 2015
  • #1,170
Grendel said:
Well that puts the nail in the coffin for that one as according to Martcov he is a serial liar.

Still there is the letter........,,,
Click to expand...

Here's what the BBC reported on the 14th of January, again on my phone so can't do a link but it's still on their website if you google it.

"Coventry City Council is willing to consider bids for the Ricoh Arena and the surrounding land, the authority's leader has confirmed.

Councillor Ann Lucas said the council would listen to "reasonable and sensible offers" for the freehold but stressed the site would not be sold "unencumbered".

Strange that on the 14th you have AL saying this and then the very next day we get another media source saying that SISU want exactly what we were informed just the day before wasn't available? Coincidence?
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,171
Grendel said:
Restrictions? What restrictions do wasps have on their lease to terminate existing contracts. I thought that Lucas said the fine print was confidebtial.

Many leases offer the same rights as freehold. Are you saying wasps have restrictions? What are they and how do you know.

Yes by the way we know that she would accept half the length lease and for half share. As it's half share it was an extension to the existing term with the council still excercusing overall control.
Click to expand...


Have trouble following the English there. So, she has said she doesn't want unencumbered freehold and would be happy with a lease that could contain restrictions- e.g. in the Butts lease the Rugby Club can only use the stadium for Rugby and cannot knock it down for some other purpose. Have you got a link to her letter? That would clear everything up. What restrictions would she have accepted if she could not get the equivalent of "unencumbered"?
 

Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,172
skybluetony176 said:
Here's what the BBC reported in the 14th of January, again on my phone so can't do a link

"Coventry City Council is willing to consider bids for the Ricoh Arena and the surrounding land, the authority's leader has confirmed.

Councillor Ann Lucas said the council would listen to "reasonable and sensible offers" for the freehold but stressed the site would not be sold "unencumbered".

Strange that on the 14th you have AL saying this and then the very next day we get another media source saying that SISU want exactly what we were informed just the day before wasn't available? Coincidence?
Click to expand...

I'm going to frame this post for posterity. It's honestly the funniest thing I've read on here.

The funnier thing is you won't even know why.
 

italiahorse

Well-Known Member
  • Dec 15, 2015
  • #1,173
Grendel said:
So you know even use the CET as your reference source.

Comedy gold.
Click to expand...

If it was wrong Sisu would sue them surely?
If they can stop the Guardian publishing information that later came out as fact in the JR the CET is just chicken grit.
 
Last edited: Dec 15, 2015

Sick Boy

Super Moderator
  • Dec 15, 2015
  • #1,174
dongonzalos said:
I can't like a post here but I would if I could
Click to expand...

Where are you? North Korea?
 

Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,175
martcov said:
Have trouble following the English there. So, she has said she doesn't want unencumbered freehold and would be happy with a lease that could contain restrictions- e.g. in the Butts lease the Rugby Club can only use the stadium for Rugby and cannot knock it down for some other purpose. Have you got a link to her letter? That would clear everything up. What restrictions would she have accepted if she could not get the equivalent of "unencumbered"?
Click to expand...

Sorry? You've said on a couple of posts wasps have a leasehold with restrictions.

What restrictions?

Do you know if they have any? Could they "knock the Ricoh down?"

As I have said the link is on a thread started recently. It's of interest you, given your total impartiality, have failed to scrutinise it.

Lucas made this claim. Lucas says lots of things as does her comrades. One is that the Ricoh was always built for two franchises.

I answered the question.

You made a statement that wasps accepted the lease with restrictions. What restrictions?
 

letsallsingtogether

Well-Known Member
  • Dec 15, 2015
  • #1,176
Grendel said:
I'm going to frame this post for posterity. It's honestly the funniest thing I've read on here.

The funnier thing is you won't even know why.
Click to expand...

Fuck me you must have more frames then anyone I know.
Need a whole file for the ones you have said, makes Bob Monkhouses book of jokes look like a scrap of paper
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,177
Grendel said:
Sorry? You've said on a couple of posts wasps have a leasehold with restrictions.

What restrictions?

Do you know if they have any? Could they "knock the Ricoh down?"

As I have said the link is on a thread started recently. It's of interest you, given your total impartiality, have failed to scrutinise it.

Lucas made this claim. Lucas says lots of things as does her comrades. One is that the Ricoh was always built for two franchises.

I answered the question.

You made a statement that wasps accepted the lease with restrictions. What restrictions?
Click to expand...

Really. Are these claims about Wasps' lease in the same post as where I confirmed that Mowbray is going to Fulham? No doubt you can show it to us- or are you just bullshitting?
 

Astute

Well-Known Member
  • Dec 15, 2015
  • #1,178
Grendel said:
Restrictions? What restrictions do wasps have on their lease to terminate existing contracts. I thought that Lucas said the fine print was confidebtial.

Many leases offer the same rights as freehold. Are you saying wasps have restrictions? What are they and how do you know.

Yes by the way we know that she would accept half the length lease and for half share. As it's half share it was an extension to the existing term with the council still excercusing overall control.
Click to expand...

Wasps would have to pay to cancel contracts. SISU didn't want to pay for the Ricoh. So what makes you think that they would want to pay to cancel contracts?
 

Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,179
Astute said:
Wasps would have to pay to cancel contracts. SISU didn't want to pay for the Ricoh. So what makes you think that they would want to pay to cancel contracts?
Click to expand...

Please provide a link that shows they have to have paid cancel contracts.
 

Calista

Well-Known Member
  • Dec 15, 2015
  • #1,180
oldskyblue58 said:
A week or so before the SISU made a bid for the AEHC shares in 2014 they said they were not interested. They then make a bid via the administrator that we don't have the details of except for some community initiatives that the Charity were not interested in being a partner to. For the charity I would guess a clean break was very attractive being tied in to projects with SISU was not - perhaps understandably. Was it really a serious offer or one to say we tried - I am sure we all have our own opinions on that. But again their own bid put a value on the Charity shares of £2.77m.

Valuations are opinions at a specific time for a specific purpose based on certain criteria that change with the purpose. They will vary. They may or may not form part of something that is valued in another manner/purpose at a much lower amount.
Click to expand...

I think I can help you there:-

Joy Seppala speaks over Coventry City Ricoh bid against Wasps
http://coventryobserver.co.uk/news/...r-coventry-city-ricoh-bid-against-wasps-4239/
COVENTRY City are set to table a “conditional” bid for joint ownership of the Ricoh Arena company with rugby club Wasps, we can reveal. And in a rare exclusive interview with the Coventry Observer, Joy Seppala, of the club’s hedge fund lenders Sisu/Arvo, explained why – while insisting the club will press on with “medium-term” plans for a new stadium in the local area.

“It’s a complex situation having 50/50 but it’s not to say we can’t work it out. We would like to secure our position for as long as it takes to build a new stadium”.​

You couldn’t make it up.
 

stupot07

Well-Known Member
  • Dec 15, 2015
  • #1,181
Pretty sure Joy also said at some point they would consider a leasehold agreement.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,182
Grendel said:
Sorry? You've said on a couple of posts wasps have a leasehold with restrictions.

What restrictions?

Do you know if they have any? Could they "knock the Ricoh down?"

As I have said the link is on a thread started recently. It's of interest you, given your total impartiality, have failed to scrutinise it.

Lucas made this claim. Lucas says lots of things as does her comrades. One is that the Ricoh was always built for two franchises.

I answered the question.

You made a statement that wasps accepted the lease with restrictions. What restrictions?
Click to expand...

Where did you answer the question? Are you claiming that there is a link to a letter where Joy says she doesn't want the unencumbered freehold? I can't find it. Anyone else know where it is? Was it before Wasps turned up?
 

torchomatic

Well-Known Member
  • Dec 15, 2015
  • #1,183
Broken Hearted Sky Blue said:
You're right but you won't see it but your grandchildren might
Click to expand...
And thanks to CCC your great, great, great, great grandchildren might see a CCFC owned Ricoh in 2264.

Sent from my SM-N910F using Tapatalk
 

italiahorse

Well-Known Member
  • Dec 15, 2015
  • #1,184
Still can't understand how a business being liquidated and owes money can bid for a share in ACL?
Surely if there is money available it should be used to pay the debts?

The Skybluetalk finance course has failed?
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,185
torchomatic said:
And thanks to CCC your great, great, great, great grandchildren might see a CCFC owned Ricoh in 2264.

Sent from my SM-N910F using Tapatalk
Click to expand...

Your CCC whipping fetish is getting boring now. Can't you let someone whip you for a change?
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,186
italiahorse said:
Still can't understand how a business being liquidated and owes money can bid for a share in ACL?
Surely if there is money available it should be used to pay the debts?

The Skybluetalk finance course has failed?
Click to expand...

Yes, you couldn't make it up. Comedy gold as one says.....
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Dec 15, 2015
  • #1,187
torchomatic said:
And thanks to CCC your great, great, great, great grandchildren might see a CCFC owned Ricoh in 2264.

Sent from my SM-N910F using Tapatalk
Click to expand...

Don't be silly that's the year the new ground reaches the planning stage
 

torchomatic

Well-Known Member
  • Dec 15, 2015
  • #1,188
martcov said:
Your CCC whipping fetish is getting boring now. Can't you let someone whip you for a change?
Click to expand...
Apologies. Obviously i was lying.


Sent from my SM-N910F using Tapatalk
 
M

martcov

Well-Known Member
  • Dec 15, 2015
  • #1,189
torchomatic said:
Apologies. Obviously i was lying.


Sent from my SM-N910F using Tapatalk
Click to expand...

lying or bending over?
 

Grendel

Well-Known Member
  • Dec 15, 2015
  • #1,190
martcov said:
Your CCC whipping fetish is getting boring now. Can't you let someone whip you for a change?
Click to expand...

I think it's the 3 line Whip that you are slavishly following that's boring.
 
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