If Preston Haskell's bid had been accepted..... (1 Viewer)

GaryPendrysEyes said:

Yes I know Appleton was working to the narrow terms of reference for an Administrator... but let's face it if Preston Haskell's bid had been accepted the financial position and outlook for 'the new' CCFC (and Coventry) would have been completely and utterly different and undoubtedly positive. I would guess (yes guess...):

A CCFC ownership/part-ownership Ricoh deal agreed with ACL/CCC as part of the takeover - likewise academy
Playing at the Ricoh
Crowds 15k + for the 1st season at least
Season tickets 8000+
--meaning very significant increases in revenue
Some (limited) new team investment and progression on the pitch
Positive energy and goodwill though out the team, club, fans and City.

It's a shame Administrator's brief isn't wider now aint it...
Things could have been so different right now :0(

Click to expand...

GaryPendrysEyes said:

Yes probably, just like Sisu to piss on our chips...

Still dont quite understand how the share was with Limited, and yet we played with contracts in Holdings- is this within FL rules? I hope we get to see all the accounts and see when player registrations were moved etc...
In fact WHERE ARE THE ACCOUNTS???

Click to expand...

jaytskyblue said:

Agreed. Administrators need to look further than just the short term position of creditors. It is clear revenue coming in would have been £m's higher (in terms of gates, shirts, sponsorship) if PHIV had come in. That money would actually have come in quite quickly as well.

Maybe, just maybe Sisu may shoot themselves in the foot at the last moment.

Oh yes..AND WHERE ARE THE ACCOUNTS??

Click to expand...

fernandopartridge said:

Haskell wanted the club for nothing and the stadium at a drop down price. He sounds a bit like another group of shady investors to me.

Click to expand...

italiahorse said:

How would you possibly know that ?

Click to expand...

Sky Blue Kid said:

fernandopartridge fernandopartridge is online now CCFC Manager Join Date Dec 2011 Last Online 4 Minutes Ago Posts 1,192 Threads 14 314 Like Received In 172 Posts Default................................................................................................................................................................................................................ SISU wanted the club for nothing and the stadium at a drop down price. He sounds a bit like another group of shady investors to me............................................................................................................................................................................................................................................................................I say.....Just had to change the first word in your sentence....Ahhh that's better.

Click to expand...

Last edited by Sky Blue Kid; 14 Minutes Ago at 11:32 AM. Reason: I'm a thick c**t

Click to expand...

GaryPendrysEyes said:

Mate you may have heard of something called Administration-- we are in it....

Click to expand...

GaryPendrysEyes said:

The difference is we have had Sisu for 5 years+ and know then inside out. We knew little about PHIV, except he had positive interactions with fans, ACL etc.. so why assume the worse, its very unlikely he would have been as bad as this shower and would have given us a massive positive boost to try and move forward from. Instead the Sisu downward spiral and distrust continues to dig from rock bottom downwards...

Click to expand...

GaryPendrysEyes said:

So a few prefer where we are with Sisu to where we might have been with PHIV, right? Surely no one can deny the outlook would have been completely different, unified and positive...

Click to expand...

sisu go home said:

PHIV has a very positive history in American sport which is raved about.

Click to expand...

Deleted member 5849 said:

What history is this?

Click to expand...

It was his dad who had a minority interest in the Jacksonville Jaguars, and some very shady goings on with abuse of public money for the building of the stadium I think.

Not a very positive history at all.

Click to expand...

***** The key to bringing an NFL team to town was a new stadium.

The city agreed to renovate the old Gator Bowl, transforming it into an NFL-quality facility. After making this pledge, the first thing the city did was divest itself of any project oversight. A 1993 lease agreement between the city and the Jacksonville Jaguars, Inc. (then known as Touchdown Jacksonville) gave the Jaguars "the exclusive and unconditional right to control the project site, and to select and enter into contracts with any and all contractors, subcontractors, suppliers, vendors ... or individuals."

The agreement allowed the Jaguars to make all decisions on the renovation, and only obligated the city to finance it.

Unfortunately, as the project progressed, the city's burden kept growing. In April 1990, the Jaguars promised an NFL-quality stadium for between $20 million and $50 million. In November 1990, they said it would take $60 million -- "Not a nickel more," according to Jags partner Tom Petway. By March 1993, Jags President David Selden said the cost would be closer to $80 million. Three months later, Jaguars majority owner Wayne Weaver said it would be $100 million.

The final lease agreement put the price tag at $121 million, in a deal that obligated the city to spend an additional $29 million on improvements around the stadium, including parking and a practice field. But the lease was soon amended, in February 1995, increasing the base contract cost to $124 million. A third amendment hiked it to $144 million. (City bonds sold to finance the project added another $200 million in interest payments.) The Jaguars agreed to pay just $20 million of this, in payments spread out over 30 years.

The taxpaying public had reason to wonder how, and how wisely, their hard-earned dollars were spent -- not least because the team decided to give the lucrative project to a company owned by an early Jaguars partner. Preston Haskell's The Haskell Company (as part of the joint venture Haskell/Huber, Hunt & Nichols) won the contract without submitting a competitive bid, even though state law requires taxpayer-financed projects exceeding $200,000 to be publicly bid. (City law requires competitive bids for any project over $12,000.) State law also requires design-build firms like Haskell to provide a guaranteed maximum price when working on taxpayer-financed projects -- something that clearly didn't happen.

Haskell was also legally prohibited by both state and local law from working on the project. Florida Statute 287-057 (18) prohibits a person involved in the drafting of a project to later receive a contract for that project. State law is echoed by Jacksonville ordinance 89-1087, which was coincidentally included in the 25 boxes of data. Signed by then-Council President Eric Smith and Mayor Ed Austin, the ordinance states, "A design criteria professional who has been selected to prepare the design criteria package shall not be eligible to render services under a design-build contract executed pursuant to the design criteria package." Since Preston Haskell, as a Jaguars partner, was involved in the design and cost estimates of the Gator Bowl renovation starting in 1990, the awarding of the renovation contract to his company violated both the state statute and the city ordinance.

The dubious nature of the deal gave Jacksonville residents a reason to be curious about the renovation contract. But they also had a right to see the document, according to Chapter 119 of the Florida Statutes, which governs public records. The lease agreement between the city and the Jaguars acknowledged this right, guaranteeing the city and its taxpayers "reasonable access to all renovation project information, including but not limited to financial, technical and computer data."

Despite that "guarantee," when Folio Weekly requested a copy of the contract in March 2004, the city refused. Initially, city procurement officials said they couldn't find the document. They later changed their story, saying that since the Jaguars and the Haskell Company were both private entities, the agreement between them was also private: Neither taxpayers nor city officials were entitled to see it.

Click to expand...

fernandopartridge said:

His bid was worth less than the 26p in the £ that SISU offered, that's how.

Click to expand...

fernandopartridge said:

His bid was worth less than the 26p in the £ that SISU offered, that's how.

Click to expand...

sisu go home said:

The one you can google and read numerous fan's positive comments. While you're at it, why not try doing that with Sisu and see how they compare?

Click to expand...

shmmeee said:

I'd still rather keep our options open for someone with a clear sustainable vision for the club though.

Click to expand...

Paxman II said:

As I understood the greatest bid was by far Otium's? So beggars the question why the Hoffman/Elloitt backed Haskell bid was so poor? Guilty perhaps of collusion with ACL in attempting to subvert the process and grab the club on the cheap? I always suspect this was their failed attempt personally. that is when everything then got very bitter.

Click to expand...