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Higgs vs CCFC Court Row (1 Viewer)

  • Thread starter Nick
  • Start date Mar 26, 2014
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oldskyblue58

CCFC Finance Director
  • Apr 3, 2014
  • #1,471
Nick said:
Is Harris an advisor for the Higgs?
Click to expand...

He is a Trustee of the Charity Nick
 

Sub

Well-Known Member
  • Apr 3, 2014
  • #1,472
Simon Gilbert‏@TheSimonGilbert44 secsMs Deering confirms Sisu thought charity's share was worth nothing.
 

Nick

Administrator
  • Apr 3, 2014
  • #1,473
Are they the same as advisors? (genuine question)

If yes, then it is a massive contradiction.
 

chiefdave

Well-Known Member
  • Apr 3, 2014
  • #1,474
How odd that after days of people being questioned being generally reported to be open and honest when we get to SISU we start seeing things like 'Higgs barrister is having to work hard to get some of the answers he is seeking'.
 

Sub

Well-Known Member
  • Apr 3, 2014
  • #1,475
Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity
 
K

Kingokings204

Well-Known Member
  • Apr 3, 2014
  • #1,476
They probably thought 5.5m is a steal but lets see where we can push them and offer 2m and meet somewhere like 3.5/4m saving another slice again. They should of realised 5.5m was the best deal ever and should of taken it and now because higgs told them to do one they have missed their chance and getting sore about it and want the 5.5m deal again.

All finally comes out in the end. They are horrible cretinous wankers. Its like buying a car and getting the deal you want and is a low price and then seeing if the dealer will take another 300 quid off and he says you know what forget it and then you go ok lets do the original but he would either say ok or be pissed off and tell you to do one. The latter is whats happened here and a lack of trust and animosity has developed. Rightly so

All solved peeps
 

covcity4life

Well-Known Member
  • Apr 3, 2014
  • #1,477
Kingokings204 said:
Finally the truth people..... Sisu backed down from the agree 5.5m which is a steal anyway and offered 2m hence it fell apart.

Case solved. They are wankers. Deserve everything they get now.
Click to expand...

oldskyblue58 said:
There was no deal though only HOT's ....... hadn't done the due diligence so there couldn't be a final price could there?
Click to expand...

 

Sub

Well-Known Member
  • Apr 3, 2014
  • #1,478
Simon Gilbert‏@TheSimonGilbert53 secsJustice Leggatt intervenes 'but you're not a charity are you'. Deering says she doesn't know details of discussion between Harris & Seppala
 
A

AJB1983

Well-Known Member
  • Apr 3, 2014
  • #1,479
oldskyblue58 said:
question - if they only continued funding the club because they wanted the Charity share why are they still "funding it"?

Isn't Ms Deering an employee? In which case what authority for decision making does she have? What authority does she have for issuing funding or negotiating? - no t having a go would just like to know because I understood JS made all the major decisions
Click to expand...

It's my understanding that in certain meetings between the parties, whoever was in there from CCFC/sisu were taking direct instructions from JS (Skype/text maybe?)
Which is rich when you imagine fisher kept bemoaning how Paul Harris etc didn't have authority to discuss freehold sale in meetings to discuss rent, which he did have authority to talk about.
 

oldskyblue58

CCFC Finance Director
  • Apr 3, 2014
  • #1,480
Sub said:
Simon Gilbert‏@TheSimonGilbert44 secsMs Deering confirms Sisu thought charity's share was worth nothing.
Click to expand...

So why look to purchase it at all..... let alone pay reported sume of 2m, 5.5m etc etc

Wonder what they think it is worth now?
 

chiefdave

Well-Known Member
  • Apr 3, 2014
  • #1,481
Sub said:
Ms Deering confirms Sisu thought charity's share was worth nothing.
Click to expand...

We've gone from the formula price to £5.5m to £2m to nothing!
 

fernandopartridge

Well-Known Member
  • Apr 3, 2014
  • #1,482
Yesterday or the day before it was stated that one of the parties, perhaps Higgs, valued ACL as a whole at around £6m. It's on this thread somewhere.
 

chiefdave

Well-Known Member
  • Apr 3, 2014
  • #1,483
Sub said:
Deering says she doesn't know details of discussion between Harris & Seppala
Click to expand...

Better get Joy up on the stand then so she can be questioned.
 

oldskyblue58

CCFC Finance Director
  • Apr 3, 2014
  • #1,484
Nick said:
Are they the same as advisors? (genuine question)

If yes, then it is a massive contradiction.
Click to expand...

no Nick they are like the directors of a company. Trustees are the Charity equivalent
 

fernandopartridge

Well-Known Member
  • Apr 3, 2014
  • #1,485
Kingokings204 said:
They probably thought 5.5m is a steal but lets see where we can push them and offer 2m and meet somewhere like 3.5/4m saving another slice again. They should of realised 5.5m was the best deal ever and should of taken it and now because higgs told them to do one they have missed their chance and getting sore about it and want the 5.5m deal again.

All finally comes out in the end. They are horrible cretinous wankers. Its like buying a car and getting the deal you want and is a low price and then seeing if the dealer will take another 300 quid off and he says you know what forget it and then you go ok lets do the original but he would either say ok or be pissed off and tell you to do one. The latter is whats happened here and a lack of trust and animosity has developed. Rightly so

All solved peeps
Click to expand...

Or it's called commercial negotiations, Higgs were or are under no obligation to sell at either price, albeit were then put under pressure due to the rent strike.
 

Sub

Well-Known Member
  • Apr 3, 2014
  • #1,486
Simon Gilbert‏@TheSimonGilbert19sIt seems it may have been useful if Ms Seppala was here to answer some of these questions.
 

oldskyblue58

CCFC Finance Director
  • Apr 3, 2014
  • #1,487
Sub said:
Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity
Click to expand...

sorry but ....... :laugh::laugh::laugh::laugh:
 
K

Kingokings204

Well-Known Member
  • Apr 3, 2014
  • #1,488
fernandopartridge said:
Or it's called commercial negotiations, Higgs were or are under no obligation to sell at either price, albeit were then put under pressure due to the rent strike.
Click to expand...

True but it seems to me like sisu were taking the piss and kept pushing it to the point where higgs goes sod off and now they are regretting it or so it seems to me.
 
N

Noggin

New Member
  • Apr 3, 2014
  • #1,489
Sorry your Honor but she wouldn't have been much use, she struggles with her recollection when entering a court room, especially with the difficult questions.
 

fernandopartridge

Well-Known Member
  • Apr 3, 2014
  • #1,490
oldskyblue58 said:
sorry but ....... :laugh::laugh::laugh::laugh:
Click to expand...

Some collection tin that is? How big would a collection tin need to be to fit 5.5m pound coins in? or 2.75 million £2 coins? Anybody?
 
K

Kingokings204

Well-Known Member
  • Apr 3, 2014
  • #1,491
Sub said:
Simon Gilbert‏@TheSimonGilbert19sIt seems it may have been useful if Ms Seppala was here to answer some of these questions.
Click to expand...

I don't think the judge I familiar with JS. No one has ever seen her mate.
 

Nick

Administrator
  • Apr 3, 2014
  • #1,492
oldskyblue58 said:
no Nick they are like the directors of a company. Trustees are the Charity equivalent
Click to expand...

Ah ok, so they may have had external advisors (which is who SISU said they weren't allowed to meet)?
 

chiefdave

Well-Known Member
  • Apr 3, 2014
  • #1,493
Who decides who is and isn't in court? Does the judge or Higgs have any power to get Sepalla to turn up?
 

ccfcway

Well-Known Member
  • Apr 3, 2014
  • #1,494
Sub said:
Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity
Click to expand...

We will give them £5.5 million as they a charity, but wont pay them £29k ?

:thinking about:
 
D

dongonzalos

Well-Known Member
  • Apr 3, 2014
  • #1,495
Sub said:
Simon Gilbert‏@TheSimonGilbert9sMiss Deering says offer for charity's share was considerably less than agreed in original discussions due to 'increased risk' to Sisu.
Click to expand...

Ah this maybe what I am thinking.

If Higgs valued their shares at a certain value.

If SISU looked at the books than offered considerably lower (whilst not paying rent)

If Higgs are not going to accept what they consider to be an under value. Then are the council not right in their belief that SISU may pull the funding?
 
D

dongonzalos

Well-Known Member
  • Apr 3, 2014
  • #1,496
Sub said:
Simon Gilbert‏@TheSimonGilbert31sMr Harris previously claimed original deal was £5.5m for charity's share. New deal around £2million.
Click to expand...

That's the one
 

ccfcway

Well-Known Member
  • Apr 3, 2014
  • #1,497
Have Deering and Seppella ever been in the same room
 
D

dongonzalos

Well-Known Member
  • Apr 3, 2014
  • #1,498
Sub said:
Simon Gilbert‏@TheSimonGilbert44 secsMs Deering confirms Sisu thought charity's share was worth nothing.
Click to expand...

That's what TF said
 

Hobo

Well-Known Member
  • Apr 3, 2014
  • #1,499
Sub said:
Simon Gilbert‏@TheSimonGilbert19sIt seems it may have been useful if Ms Seppala was here to answer some of these questions.
Click to expand...

Or convenient not to. If she holds the answers she is the obvious witness for SISU to call. Unless the truth would not be favourable or she wouldn't pass the credibility test?
 

Sub

Well-Known Member
  • Apr 3, 2014
  • #1,500
Simon Gilbert‏@TheSimonGilbert18sDeering believes the original transaction fell apart after the exclusivity period. Could be a key point.
 

ccfcway

Well-Known Member
  • Apr 3, 2014
  • #1,501
Irony is they could prob have filled the ricoh if this was staged there.
 
D

dongonzalos

Well-Known Member
  • Apr 3, 2014
  • #1,502
Sub said:
Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity
Click to expand...

Woah !!!!!

a 2 million donation to charity!!!!!!!!!
What did the investors whose money it is think about that?????
Has someone hacked Simon Gilbert's Twitter account?????

Please tell me the QC for Higgs has just moved into 5th gear from that one
 

James Smith

Well-Known Member
  • Apr 3, 2014
  • #1,503
Sub said:
Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity
Click to expand...

Is this for real!?! Hedge fund offers £5.5m for something they said was worth nothing? We've got a few days worth of rubbish out the back here that they can make us an offer for in that case.
 
G

Godiva

Well-Known Member
  • Apr 3, 2014
  • #1,504
Sub said:
Simon Gilbert‏@TheSimonGilbert18sDeering believes the original transaction fell apart after the exclusivity period. Could be a key point.
Click to expand...

That just cost them £29K
 

ccfcway

Well-Known Member
  • Apr 3, 2014
  • #1,505
Sub said:
Simon Gilbert‏@TheSimonGilbert48sHiggs barrister asks if Sisu were seriously going to pay £5.5m for share worth nothing. Deering says Seppala recognised Higgs were a charity
Click to expand...

simple soultion to all of this then. Register the Ricoh arena as a charity and then SISU migth pay the rent
 
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