I suppose i'll get shit from certain parties on here but the council don't run my football club never have done thank goodness ,Sisu do and a right mess they have made since they started in 2005 till 2013 they had plenty of time to put in an offer no one else was around no realistic offer was made in that time why not?They are the ones runnig MY club not the Council not Wasps they have had 6 years since returning nothing i keep looking for Tim's Stadium have not seen it yet.Sisu dont want and never will pay the going rate for anything want it on the cheap. Well they and no one else are the ones killing MY club .As for selling the ground on the cheap as far as i know the price was indepenantly set my be wrong.Blame the council and their dodgy dealings, wouldn't be in this mess if they actually sold the Ricoh (A stadium built for football) to their own football club instead of selling on the cheap to wasps
I suppose i'll get shit from certain parties on here but the council don't run my football club never have done thank goodness ,Sisu do and a right mess they have made since they started in 2005 till 2013 they had plenty of time to put in an offer no one else was around no realistic offer was made in that time why not?They are the ones runnig MY club not the Council not Wasps they have had 6 years since returning nothing i keep looking for Tim's Stadium have not seen it yet.Sisu dont want and never will pay the going rate for anything want it on the cheap. Well they and no one else are the ones killing MY club .As for selling the ground on the cheap as far as i know the price was indepenantly set my be wrong.
Steady On that's far too sensible and logical for this forum!
How would you know?
Because I have the ability to read?
THEY AGREED A DEAL AND THE COUNCIL BACKED OUT!!!!I suppose i'll get shit from certain parties on here but the council don't run my football club never have done thank goodness ,Sisu do and a right mess they have made since they started in 2005 till 2013 they had plenty of time to put in an offer no one else was around no realistic offer was made in that time why not?They are the ones runnig MY club not the Council not Wasps they have had 6 years since returning nothing i keep looking for Tim's Stadium have not seen it yet.Sisu dont want and never will pay the going rate for anything want it on the cheap. Well they and no one else are the ones killing MY club .As for selling the ground on the cheap as far as i know the price was indepenantly set my be wrong.
THEY AGREED A DEAL AND THE COUNCIL BACKED OUT!!!!
No Nick I'm always on here reading but get exasperated at some of the posts! :woot:
I understand hedge funds, you obviously don'tYet you seem to like the one that shows very little understanding of the situation? Makes sense.
I understand hedge funds, you obviously don't
Maybe you can provide some valuable input on the FCA discussion?
I'd love to Nick, unfortunately I have a life so you'll have to find somebody else to be a keyboard warrior with :emoji_hand_splayed:
I didn't know that but if you can point me in the direction of it i will try and read it later.THEY AGREED A DEAL AND THE COUNCIL BACKED OUT!!!!
I didn't know that but if you can point me in the direction of it i will try and read it later.
SISU weren't in charge in 2005 and didn't take over until 2009.I suppose i'll get shit from certain parties on here but the council don't run my football club never have done thank goodness ,Sisu do and a right mess they have made since they started in 2005 till 2013 they had plenty of time to put in an offer no one else was around no realistic offer was made in that time why not?They are the ones runnig MY club not the Council not Wasps they have had 6 years since returning nothing i keep looking for Tim's Stadium have not seen it yet.Sisu dont want and never will pay the going rate for anything want it on the cheap. Well they and no one else are the ones killing MY club .As for selling the ground on the cheap as far as i know the price was indepenantly set my be wrong.
wasps need to fear us fans,no feat the city of coventry
media should have helped us whip up a city wide boycott of wasps games if no new rent deal is given to us
The Trust taking a coach load of fans up to the Ricoh to give a Wasps representative a round of applause will have them worried.wasps need to fear us fans
Rob leave. Such a balanced opinion has no place in today's society.SISU weren't in charge in 2005 and didn't take over until 2009.
At that time they were initially saddled with a rent contract of £1.2m per season - unsustainable for a Championship club, with the council unwilling to negotiate, meaning the club paid more in rent in the preceding years than Wasps did to buy the entire ground with extended 250 year lease that was never on offer to SISU (50 years for more money). SISU did withhold rent to try and force their hand albeit that there was money held in an escrow to cover. Eventually an impasse meant they left for Northampton, but after Wasps had already been courted by our corrupt council.
I don't think anyone in this believes SISU are blameless and tbh I didn't particularly at the time want them getting their hands on the ground cheap either (as I suspect they would rent it back to the club just different private owners equally bad), but to think the council have played no part in our demise is naïve at best.
NoRob leave. Such a balanced opinion has no place in today's society.
No Nick I'm always on here reading
I'd love to Nick, unfortunately I have a life
Find it yourself, I'm not your fucking PA. Loads of publicity around it, signed heads of terms agreement. Because sisu released it you probably just ignored it.I didn't know that but if you can point me in the direction of it i will try and read it later.
I suppose i'll get shit from certain parties on here but the council don't run my football club never have done thank goodness ,Sisu do and a right mess they have made since they started in 2005 till 2013 they had plenty of time to put in an offer no one else was around no realistic offer was made in that time why not?They are the ones runnig MY club not the Council not Wasps they have had 6 years since returning nothing i keep looking for Tim's Stadium have not seen it yet.Sisu dont want and never will pay the going rate for anything want it on the cheap. Well they and no one else are the ones killing MY club .As for selling the ground on the cheap as far as i know the price was indepenantly set my be wrong.
there is danger in relying on what SISU said about the heads of terms that were agreed 02/08/2012 between SISU & CCC. To start with Heads of Terms are not legally binding
This is what the Judge decided in JR1
I have explained, the SISU plan had terminally stalled by the end of August 2012, because it was impossible for them to agree to purchase the Higgs Charity share in ACL, which was vital to the plan as a whole.
in the AEHC vs SISU case the judge decided
I have come to the conclusion, however, that in circumstances where the transaction fell apart or fell away in August 2012, effectively because neither party wished to pursue the transaction contained in the term sheet
The deal between CCC & SISU effectively died in August 2012 because SISU could not agree a deal with AEHC and had walked away from doing so (as had AEHC)
Whether heads of terms are legally binding or not it looks like SISU tried to make a bid!there is danger in relying on what SISU said about the heads of terms that were agreed 02/08/2012 between SISU & CCC. To start with Heads of Terms are not legally binding
There are issues that have not been agreed or resolved however, I think that the first stage is to do all we can to help CCC to work out the best tactics and story to enable the most cost effective purchase of the debt. I believe that speed is of the essence.
CCC are not going to be able to keep their negotiations with Sisu running indefinitely, which currently is the only way we have to create sufficient time for us to work out the approach to the YB and for CCC to have the deal taken through the various steps needed within a local 3 authority. The issues going forward will be around the value of the AEHC stake in ACL and any limits on the sale of those shares to be imposed by CCC.
At present there is good will and we do not want to damage that, but of course, nobody can agree to give away value.
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