J
Jack Griffin
Guest
I assume we will be able to read the judgement in full online next week.
I've said all along this is a shared responsibility and as uncomfortable as it might be, one side can't take all the blame.
Ultimately, we all need to work out a SOLUTION rather than just back one side to win.
PUSB
Brighton, it is far more than personal. Come on. If Sisu offered a fair price for what's on offer the deal would still be done. They are just not prepared to pay the going rate. That's the whole of the problem.
Pay the rate and move on.
Seppalla doesn't want to be seen to make a concession to the council-I'd say it looks quite personal to me.
Of course it's personal, been personal for a fair while on both sides!
FWIW it does seem that Higgs are the collatoral damage, caught up in a shitstorm that they didn't start or intend.
This ones for Godiva .
Well I guess that tells us what the package was ,and why the SISU mortgage buyout wilted .
The resulting divisions now In focus ,Higgs expected to sidestep for a Pittance.
Easy to see why they would Veto that one I would say.
If they'd of invested the money properly we would be sitting in the championship pushing for promotion or already be in the prem we will never no
Seems bloody silly to me ,for £12M. ten years rent they get the turnover calcs they decree are necessary ,and pay the equivalent of below average L1 rent £120K over the 100 yr term .Maybe - but what if ACL in financial terms really was worth nothing?
I mean, Sisu have put in some £40m give or take some small change, but if I was to value the club I would probably think it's worthless.
The Higgs vs Sisu case was not really about the value of ACL, so there was no attempt form either side to demonstrate (show caluculations etc) what they believed it was worth.
So let's fast forward to 2014.
Sisu repeatedly says: Let's each do an independent valuation. And when we have the results let's do an average and decide that to be the value of ACL. That's the price we will pay.
Maybe that's not a bad idea.
I very much doubt that.
Thats why I said you never no I no you would probably need more than 40 million but palace.blackpool and others never spent anywhere near that.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
He doesn't actually make a judgement one way or another...
Well, no. If you incurred costs thinking you were in candid discussions, and the other party offers an insult of a sum; you can turn it down but you've still lost out due to the costs you've got to pay
Costs: SISU acknowledges that the Charity will incur significantcosts, fees and expenses in evaluating SISU’s offer to purchase the
Shares, and in negotiating the transaction with SISU and its advisors.
Accordingly in the event that SISU withdraws its offer to purchase the
Shares, or the Charity withdraws from the negotiations as a result of
SISU seeking a reduction in the purchase price or seeking
unreasonable terms, or the Conditions Precedent cannot be met
(“Aborted Transaction”), SISU agrees to underwrite and be responsible
for all the Charity’s reasonable costs and expenses (including without
limitation the legal and other professional costs of PwC, Bates Wells &
Braithwaite LLP and Gateley LLP and all expenses and associated
VAT) incurred up to the point of a transaction with Clydesdale Bank
plc, to a maximum of £29,000. Underwriting of further costs will be
agreed once the transaction has progressed beyond discussions with
Clydesdale Bank.”
Maybe - but what if ACL in financial terms really was worth nothing?
I mean, Sisu have put in some £40m give or take some small change, but if I was to value the club I would probably think it's worthless.
The Higgs vs Sisu case was not really about the value of ACL, so there was no attempt form either side to demonstrate (show caluculations etc) what they believed it was worth.
So let's fast forward to 2014.
Sisu repeatedly says: Let's each do an independent valuation. And when we have the results let's do an average and decide that to be the value of ACL. That's the price we will pay.
Maybe that's not a bad idea.
Making an offer isn't ripping them off is it? I could offer you £1 for your house, that isn't me ripping you off is it? I am not holding a gun to your head am I?
I will pay you £5.50p for your house, you agree and then I decide to only give you £2. You would feel a bit pissed off and tell me where to go. That is because you would think I am trying to rip you off.
I will pay you £5.50p for your house, you agree and then I decide to only give you £2. You would feel a bit pissed off and tell me where to go. That is because you would think I am trying to rip you off.
Funny you say this, have a read:
It says there that if it breaks down because of SISU taking the piss they will have to pay yet the judge seems to think they don't need to?
Then I don't think it's the highlighted part of that the Judge made his decision on.
That's what I mean, surely the Judge thought that it wasn't just a case of SISU trying to take the piss, Higgs saying no etc.
What if after offering £5.50, you get told the co-owners of the house have already decided it's only worth £1.50?
Funny you say this, have a read:
It says there that if it breaks down because of SISU taking the piss they will have to pay yet the judge seems to think they don't need to?
I dont side with sisu I side with ccfc which is why I still watch my team play. I dont side with acl or cc either. Which is why I dont care what thd outcome is as long as we go back. If that means sisu get the Ricoh on the cheap then fine.
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Thats exactly the kind of attitude these kind of wankers hope that fans adopt. Its the kind of attitude that gives them the confidence that holding a club ransom can get them exactly what they want at the expense of the taxpayer.
Don't get me wrong, I understand completely your thought process...it's just a shame you're so narrow minded.
It's spineless, it's weak, and it's selfish.
Hi guys, sorry I haven't had time to update directly!
Here's the full report http://www.coventrytelegraph.net/news/coventry-news/sisu-v-higgs-court-battle-6916957
The website is playing up a bit, so please be patient!
Thanks for your encouragement these past three days. It's been a real challenge.
And thanks for reading too!
Sent from my iPhone using Tapatalk
Hi guys, sorry I haven't had time to update directly!
Here's the full report http://www.coventrytelegraph.net/news/coventry-news/sisu-v-higgs-court-battle-6916957
The website is playing up a bit, so please be patient!
Thanks for your encouragement these past three days. It's been a real challenge.
And thanks for reading too!
Sent from my iPhone using Tapatalk
Nice one, have you seen the other documents on here? I guess you will have.
Day off tomorrow??
We've see. Some. Important to remember the skeleton argument is one side's view.
And no. I'm in at 7am! No rest for me!
Should be on Shane's show on BBC C&W tomorrow morning to talk about the case... That's if 100+ pages of posts and tweets hasn't bored you all enough already!
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Just one pull up Simon In the wording around Animosity from the council wheras In SISU's court papers It says the Labour Group IIRC .
Have you got access to the other sides also?
I'm sure we will eventually. I don't think it'll be as long though.
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