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http://www.coventrytelegraph.net/sport/sport-opinion/it-could-been-us-leicester-11276295#rlabs=1%20p$4
If true only one thing put them off dealing with SISU
I bet they were stumbling over themselves to buy a club who didn't own their own ground. Despite the popular myth on here that a team doesn't need to own a ground I think any perspective investor wants bricks and mortar as well as a team name and some players.
It could of been us, in the same way I could have married Beyoncé instead of Jay Z.
I bet they were stumbling over themselves to buy a club who didn't own their own ground. Despite the popular myth on here that a team doesn't need to own a ground I think any perspective investor wants bricks and mortar as well as a team name and some players.
Why did they buy Leicester then?
Why did they buy Leicester then?
My dear Torch virtually everything has a price so can be bought,just like now you could buy the Ricoh ACL whatever if you wanted to and had the moneyBecause they knew they could buy it and own it, which they did. Obviously, not much chance of that with CCC.
Yes in other words they did not own the groundThe £37 million cost of the new stadium, combined with relegation from the Premiership, the collapse of the English transfer market due to the introduction of the transfer window and the collapse of ITV Digital meant that Leicester went into receivership shortly after moving to the new stadium. Birse Construction who had built the stadium therefore lost a large part of their fee, and they withdrew from any further football ground construction. The main losers from this were Leicester's local rivals Coventry City, who were in negotiations with Birse to build their own new stadium.
As part of the deal which brought the club out of receivership, the ownership of the stadium reverted to American academic retirement fund TIAA–CREF, who had supplied £28 million via a bond scheme towards the stadium's construction, with the club taking a long-term lease while the bond repayments were made.
On 1 March 2013, Leicester City's Thai owners King Power bought the ground through their company K Power Holdings Co, Ltd.[SUP][1][/SUP]
Why did they buy Leicester then?
My dear Torch virtually everything has a price so can be bought,just like now you could buy the Ricoh ACL whatever if you wanted to and had the money
Because they knew they could buy it and own it, which they did. Obviously, not much chance of that with CCC.
True. Ah well, maybe we'll get a crack at the Ricoh in 248 years. Can't wait.
What about before sisu and any court cases?Do you really think they wouldn't have sold to a big hitter with money to burn ??............ Or was it perhaps they didn't want to sell to a hedge fund with all the reputation that comes with that part of the finance industry and particularly one who was starting to threaten individuals at CCC with court action ? .............The Council acted out of spite without doubt, but provoked ? Yes I think quite a bit ?!
We had even less money than SISU then proper debtWhat about before sisu and any court cases?
Do you really think they wouldn't have sold to a big hitter with money to burn ??............ Or was it perhaps they didn't want to sell to a hedge fund with all the reputation that comes with that part of the finance industry and particularly one who was starting to threaten individuals at CCC with court action ? .............The Council acted out of spite without doubt, but provoked ? Yes I think quite a bit ?!
True. Ah well, maybe we'll get a crack at the Ricoh in 248 years. Can't wait.
My dear Torch virtually everything has a price so can be bought,just like now you could buy the Ricoh ACL whatever if you wanted to and had the money
Easy buy ACL go into admin on your own terms bingo income rights goneWell yeah if you had a spare 24 million rattling round for income rights? Everything has a price. Even if it may be a bit exaggerated and unfair. It's business. Ruthless world so it is
No, I don't. Didn't Manhattan bail out as they couldn't deal with the Council?
They certainly were provoked, but "spite" really doesn't cover selling a 250 lease to an out of town franchise. That really is spiteful. After all, SISU won't be here forever. Thanks to the Council, Wasps will.
.Do you really think they wouldn't have sold to a big hitter with money to burn ??............ Or was it perhaps they didn't want to sell to a hedge fund with all the reputation that comes with that part of the finance industry and particularly one who was starting to threaten individuals at CCC with court action ? .............The Council acted out of spite without doubt, but provoked ? Yes I think quite a bit ?!
.
The thought they wouldn't sell the Ricoh to CCFC is ludicrous, the thought they wouldn't sell
to SISU is understandable.
Agree,but there owners hadn't been giving them the runaround for years, agree price,I thought that. Then they sold to Wasps whose owners are no better.
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