Non AMP
Sky Blues Talk
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Court Case Thread! June 2018 (1 Viewer)

  • Thread starter wince
  • Start date Jun 23, 2018
Forums New posts
Prev
  • 1
  • …
  • 4
  • 5
  • 6
  • 7
  • 8
  • …
  • 17
Next
First Prev 6 of 17 Next Last

Nick

Administrator
  • Jun 26, 2018
  • #176


Are they going to spit out the new "evidence" or not?
 

skybluetony176

Well-Known Member
  • Jun 26, 2018
  • #177
Nick said:


Are they going to spit out the new "evidence" or not?
Click to expand...

It must be expert witness that was mentioned earlier.
 

Captain Dart

Well-Known Member
  • Jun 26, 2018
  • #178
Something myself & other have mentioned before and been lambasted for.
Continuing litigation is no good for anyone, least of all the fans.
 
Reactions: Brylowes, Astute, sw88 and 1 other person
L

lapsed_skyblue

Well-Known Member
  • Jun 26, 2018
  • #179
At least SISU have followed the lead set by the Govt in the Brexit negotiations and dropped the requirement for a unicorn as well.
Besides, if you are going to ask for unicorns the minimum has to be a breeding pair, which would be rather optimistic in this case.
 

Nick

Administrator
  • Jun 26, 2018
  • #180
Not sure how a 50/50 would work? Unless it was run by people inside the club who seem to have a good working relationship.
 

skybluetony176

Well-Known Member
  • Jun 26, 2018
  • #181
Captain Dart said:
Something myself & other have mentioned before and been lambasted for.
Continuing litigation is no good for anyone, least of all the fans.
Click to expand...

Doesn’t make sense though. Joy had the then council leader in her office and was unwilling to make an offer for100% of ACL with a smaller debt burden than it has now but they would consider getting into a 50/50 arrangement now with Wasps with an even higher debt burden, presumably that will grow again if it’s ordered that the council will need to be paid an extra £27M somehow and then SISU will share the running costs, costs of servicing debt etc. Looking at the last accounts ACL doesn’t look viable now let alone with 50/50 ownership. I’m starting to think this line is empty rhetoric.
 
Reactions: Brylowes, Astute and wingy
H

HuckerbyDublinWhelan

Well-Known Member
  • Jun 26, 2018
  • #182
Nick said:
Not sure how a 50/50 would work? Unless it was run by people inside the club who seem to have a good working relationship.
Click to expand...
You could go football income and expenditure to CCFC, Rugby in and out to wasps... all others split down the middle
 

oldskyblue58

CCFC Finance Director
  • Jun 26, 2018
  • #183
the logic of that is that Wasps pay the council 27m then agree to compensate SISU by surrendering half the value of the Ricoh, I would assume SISU would refuse to share the loan burden which would see Wasps repay half the bond total of £35m because of the security given....... Cost to Wasps £45m

It would be cheaper for Richardson to fold Wasps and walk away

If this was included in mediation its no wonder they are back in court
 
Reactions: italiahorse and sw88

Nick

Administrator
  • Jun 26, 2018
  • #184

So they did they approve a 250 year lease at the same time as the sale?
 

TomRad85

Well-Known Member
  • Jun 26, 2018
  • #185
This is the first time I've ever taken an interest in a court case thread.
 

Nick

Administrator
  • Jun 26, 2018
  • #186
HuckerbyDublinWhelan said:
You could go football income and expenditure to CCFC, Rugby in and out to wasps... all others split down the middle
Click to expand...

No I meant the working relationship.
 
W

wingy

Well-Known Member
  • Jun 26, 2018
  • #187
skybluetony176 said:
Doesn’t make sense though. Joy had the then council leader in her office and was unwilling to make an offer for100% of ACL with a smaller debt burden than it has now but they would consider getting into a 50/50 arrangement now with Wasps with an even higher debt burden, presumably that will grow again if it’s ordered that the council will need to be paid an extra £27M somehow and then SISU will share the running costs, costs of servicing debt etc. Looking at the last accounts ACL doesn’t look viable now let alone with 50/50 ownership. I’m starting to think this line is empty rhetoric.
Click to expand...
I don't buy it ,it's to the death I think
 
Reactions: skybluetony176

Captain Dart

Well-Known Member
  • Jun 26, 2018
  • #188
skybluetony176 said:
Doesn’t make sense though. Joy had the then council leader in her office and was unwilling to make an offer for100% of ACL with a smaller debt burden than it has now but they would consider getting into a 50/50 arrangement now with Wasps with an even higher debt burden, presumably that will grow again if it’s ordered that the council will need to be paid an extra £27M somehow and then SISU will share the running costs, costs of servicing debt etc. Looking at the last accounts ACL doesn’t look viable now let alone with 50/50 ownership. I’m starting to think this line is empty rhetoric.
Click to expand...

Yeah, I think you're right, it is a statement which SISU have no intention of following through.
 
Reactions: skybluetony176

Nick

Administrator
  • Jun 26, 2018
  • #189


Yet they agreed the 250 year lease before Higgs had even supposedly had an offer?
 

Moff

Well-Known Member
  • Jun 26, 2018
  • #190
As I cant be bothered to read the endless posts of hypothetical possibilities and legal rhetoric, can anyone tell me what the latest score is?
 
Reactions: sw88

Captain Dart

Well-Known Member
  • Jun 26, 2018
  • #191
Moff said:
As I cant be bothered to read the endless posts of hypothetical possibilities and legal rhetoric, can anyone tell me what the latest score is?
Click to expand...
Its the second half, the score is 0-0 and we're just about to go to VAR.
 
Reactions: Astute, no_loyalty, Moff and 2 others

lifeskyblue

Well-Known Member
  • Jun 26, 2018
  • #192
And that’s chaotic and farcical. So there you have it Moff...in a nutshell


Sent from my iPhone using Tapatalk
 
Reactions: Moff and wingy
W

wingy

Well-Known Member
  • Jun 26, 2018
  • #193
Can't see it going far into tommorow.
 
L

Limey

Well-Known Member
  • Jun 26, 2018
  • #194
oldskyblue58 said:
It would be cheaper for Richardson to fold Wasps and walk away/QUOTE]
Click to expand...

Ideal
 
W

wingy

Well-Known Member
  • Jun 26, 2018
  • #195
Must be close of play by now.
Get the pads off !!
 
Reactions: Skyblueweeman

Esoterica

Well-Known Member
  • Jun 26, 2018
  • #196
TomRad85 said:
This is the first time I've ever taken an interest in a court case thread.
Click to expand...
It will get interesting soon. The judge will order Joy to immediately marry Nick Eastwood. Just before they are about to tie the knot Timmy will pop out from under the judge's desk with a fresh 'milk' moustache before murdering everyone in the room Game of Thrones style. Boddy will then arrive on horseback, swinging Fisher on to the back and riding off towards a Ricoh Arena silhouetted by the setting sun, keys to the stadium jingling round his neck.
 

skybluetony176

Well-Known Member
  • Jun 26, 2018
  • #197
Esoterica said:
It will get interesting soon. The judge will order Joy to immediately marry Nick Eastwood. Just before they are about to tie the knot Timmy will pop out from under the judge's desk with a fresh 'milk' moustache before murdering everyone in the room Game of Thrones style. Boddy will then arrive on horseback, swinging Fisher on to the back and riding off towards a Ricoh Arena silhouetted by the setting sun, keys to the stadium jingling round his neck.
Click to expand...

Surely Tim will be banging on a big glass window pane at the church, graduate style. Before riding of into the sunset with Joy on a topless bus once used by Nigel Ferage both wearing CCFC white training tops once owned by LCFC still showing remnants of the King Power logo.
 
Reactions: Captain Dart

sw88

Chief Commentator!
  • Jun 26, 2018
  • #198
Moff said:
As I cant be bothered to read the endless posts of hypothetical possibilities and legal rhetoric, can anyone tell me what the latest score is?
Click to expand...

Seems like a bore draw at HT to me **yawn**

Here’s hoping there’s a final result in tomorrow’s second half, I’ll even take sudden death in a penalty shootout, just get it over with. Please
 
Reactions: Skyblueweeman and Moff
A

Ashdown

Well-Known Member
  • Jun 26, 2018
  • #199
Que sera sera.....................Two vile London hedge funds scratching each others eyes out over a piece of CV6 real estate.
 
Reactions: Captain Dart, Monkeyface, westcountry_skyblue and 2 others

fatso

Well-Known Member
  • Jun 26, 2018
  • #200
Fucking waggon wheels have got smaller!
Bastards.
 
Reactions: bezzer, eastwoodsdustman, Astute and 1 other person

mark82

Super Moderator
  • Jun 26, 2018
  • #201
sw88 said:
Seems like a bore draw at HT to me **yawn**

Here’s hoping there’s a final result in tomorrow’s second half, I’ll even take sudden death in a penalty shootout, just get it over with. Please
Click to expand...

I know, this whole argument is well past its sell by date.
 

chiefdave

Well-Known Member
  • Jun 26, 2018
  • #202
Nick said:
Yet they agreed the 250 year lease before Higgs had even supposedly had an offer?
Click to expand...
Is the judge going to question anything at any point or just allow the lawyers to come out with rubbish like this.

Unless someone can explain otherwise there is no reason CCC couldn't have sold the lease extension to ACL while it was under CCC & Higgs ownership. That would have a) made it easier for them to get finance from someone other the council as their assets would be increased; b) increase the value and therefore the sale price giving a better return to the taxpayer.

And as Nick says the sale of the lease was agreed at the same meeting as the sale of the Ricoh. The judge last time round pointed that out and said it should be treated as one transaction!

No wonder everything drags on so long when we have to keep going back over information already in the public domain.

Personally if i'd read over what had come before the first thing I'd want is the mediator in there saying what happened then I'd want a copy of the valuation from prior to the sale that has to date been kept secret. Lets have all the information out in the open.
 
Reactions: capel & collindridge

Skyblueweeman

Well-Known Member
  • Jun 26, 2018
  • #203
More to the point, how come lego-hair is back reporting this? I thought he had jacked this all in?
 

fernandopartridge

Well-Known Member
  • Jun 26, 2018
  • #204
Skyblueweeman said:
More to the point, how come lego-hair is back reporting this? I thought he had jacked this all in?
Click to expand...
He's working for the BBC now though his tabloid Telegraph esque tweets wouldn't give it away
 
Reactions: Skyblueweeman

Philosoraptor

Well-Known Member
  • Jun 26, 2018
  • #205
Guys, enlighten me.

What was the reason for CCC having to sell their 50% share to the London rugby club first?
 
D

djr8369

Well-Known Member
  • Jun 26, 2018
  • #206
Sharing with wasps seems like the best realistic outcome we could hope for but with all this going on will a 50/50 share ever work out? Wasps must be sick to the back teeth with SISU.


Sent from my iPhone using Tapatalk
 

clint van damme

Well-Known Member
  • Jun 26, 2018
  • #207
Nick said:


Are they going to spit out the new "evidence" or not?
Click to expand...

Gilbert is such an intuitive, intrepid reporter that he didn't notice one of the key players even though he was sat behind him!
Eat your heart out Carl Bernstein.
 
Reactions: eastwoodsdustman

chiefdave

Well-Known Member
  • Jun 26, 2018
  • #208
Philosorapter said:
What was the reason for CCC having to sell their 50% share to the London rugby club first?
Click to expand...
As far as I know there was no reason, it was just the way it was decided between Wasps, CCC and Higgs. There was zero chance Wasps purchased the council share not knowing if they would be able to purchase the Higgs share. Equally there was zero chance Higgs would accept our bid for their 50%.
 

Astute

Well-Known Member
  • Jun 26, 2018
  • #209
chiefdave said:
As far as I know there was no reason, it was just the way it was decided between Wasps, CCC and Higgs. There was zero chance Wasps purchased the council share not knowing if they would be able to purchase the Higgs share. Equally there was zero chance Higgs would accept our bid for their 50%.
Click to expand...
By law CCC would have to extend the lease. And there is a formula to work out the cost of it. Wasps paid the top amount.

Highs wouldn't sell to SISU? They tried enough times. But SISU went back on the agreement made each time.
 

fernandopartridge

Well-Known Member
  • Jun 26, 2018
  • #210
Astute said:
By law CCC would have to extend the lease. And there is a formula to work out the cost of it. Wasps paid the top amount.

Highs wouldn't sell to SISU? They tried enough times. But SISU went back on the agreement made each time.
Click to expand...
Stop making things up
 
Prev
  • 1
  • …
  • 4
  • 5
  • 6
  • 7
  • 8
  • …
  • 17
Next
First Prev 6 of 17 Next Last
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Share:
Facebook Twitter Reddit Pinterest Tumblr WhatsApp Email
  • Home
  • Forums
  • Coventry City Football Club
  • Coventry City General Chat
  • Default Style
  • Contact us
  • Terms and rules
  • Privacy policy
  • Help
  • Home
Community platform by XenForo® © 2010-2021 XenForo Ltd.
Menu
Log in

Register

  • Home
  • Forums
    • New posts
    • Search forums
  • What's new
    • New posts
    • Latest activity
  • Members
    • Current visitors
  • Donate to the Season Ticket Fund
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?