It's quite possible this verdict might influence the Football League's stance. It does appear during these proceedings the new stadium has been put on the back burner which was partly used to convince the Football League to issue the Golden Share initially. Will be interesting to see how quick now SISU push on in their effort to build a new stadium.
Got to love in the ccfc website..."we believe it was unlawful" however the judge said it wasn't lol are they for real?[/QUOTe
Totally agree, might be verging almost to contempt of court.
Of course not, but you can see that they are digging in their heels already. We're already a year down the line with the "new stadium" malarky, so this could drag on for a few more years yet.
But at least CCC won, eh? Woo hoo!
Torchy- With the greatest respect it is the owners who dragged everyone else into this. Do not lose sight of WHO is responsible for this whole debarcle.
Surely the loan can be paid off early if required? ACL have previously paid lump sums off the capital so its not unheard of.
The valuations given were for ACL not the stadium surely?
So from that statement ......... is it time to put up or shut up on the "new stadium". Where is it going to be ?
Not really, you all crowing about this decision thinking SISU are just going to walk away somehow? Makes oblivion even closer and you dont see it you blind twats.
Its simple whichever way the result went justice has been served.
Sisu have been proved in a court of law wrong in their claims !!
What the future holds anyone's guess is as good as mine. The same could have been said if Sisu had won.
Wouldnt hold your breath on the FL doing anything to help CCFC or its fans
It is.
Perhaps this is where we *should* be hardball.
They say it's absolutely a new stadium. Charitably, you could say sites for it haven't been revealed until this JR gets out the way. If real however, you'd assume those sites are ready to go.
So... to be charitable to *them*, they have a couple of months to reveal the site of the stadium (as this is now the absolute of what will happen) or we the fans accept the club is no more?
Fuck me Northern its been nearly a year now as for charitable, bollocks they don't know the meaning of the word and sorry if it is permanently outside of Cov then to me and thousands of others the club WILL BE NO MORE!!
From CCFC website
"Coventry City Football Club and its owners' primary objective remains building a long-term future...
The Judgement by Hickinbottom J, that the Council's (CCC) decision to provide a £14.4 million loan to private stadium management company Arena Coventry Limited (ACL) was not an unlawful subsidy, is unfortunate.
The football club and its owners believe that the loan, which exceeded the value of the stadium by almost 200%, was neither lawful nor in the interests of the supporters, taxpayers, stadium operators or the Club.
ACL will now remain burdened with debt for the next 43 years, removing any prospect of a long term return to the stadium by the Club. With this level of debt there is no realistic prospect of any sports franchise or ACL being able to generate sufficient revenue to be commercially viable.
We will apply for leave to appeal this decision. Now, more than ever, the new stadium is the only viable commercial option. The owner's primary objective remains building a long term sound financial platform for the future growth of the Club.
Read more at http://www.ccfc.co.uk/news/article/...e-one-300614-1706394.aspx#41EbaWJXDMO6oR46.99
Yes, but one of their (the FL''s) reasons for not getting involved was the legal dispute - which has now been removed.
Indeed today's judgement supports their own guidelines. There has never been a justifiable reason for Sisu to move the club beyond a 35 mile radius from the Ricoh or play in a town that doesn't bear its name.
This was obvious before the JR and must be doubly obvious now.
There can be no hiding place for the FL's gutless performance.
Yes, but one of their (the FL''s) reasons for not getting involved was the legal dispute - which has now been removed.
Indeed today's judgement supports their own guidelines. There has never been a justifiable reason for Sisu to move the club beyond a 35 mile radius from the Ricoh or play in a town that doesn't bear its name.
This was obvious before the JR and must be doubly obvious now.
There can be no hiding place for the FL's gutless performance.
Do SISU now have to pay the councils costs?
Of course not, but you can see that they are digging in their heels already. We're already a year down the line with the "new stadium" malarky, so this could drag on for a few more years yet.
But at least CCC won, eh? Woo hoo!
But the thing is, if a site is actually revealed... people can deal in certainties.
If they reveal right on the edge then sure you'll have your view, I'll have mine... but we can make our own minds up and go our separate ways. If it's in a mental place, then we all make our minds up and things become a lot easier!
But it does need a time limit that's not tomorrow, to allow them to tie up loose ends on any land purchase an' all that.
But... it does have to happen... or not now really, doesn't it?
Then we can all move on...
LMFAO !!!!
So let me get this right. They still value 113 million piece of real estate & development land at 7 million ?
They will appeal but they have moved on to build the new stadium ?
What jokers !!!
I don't. It was SISU and to a lesser extent CCC and ACL.
sisu lose and ccfc look set for another year in northampton
i now understand the celebrations.
Whilst that's a possibility it's not guaranteed and I would be surprised if Sisu had gone ahead with the proceedings knowing that they were very unlikely to win. I'm hoping that this provides the stimulus for either concrete (pun not intended) news about the new stadium or future talks on a return to the Ricoh.Sisu got the decision they wanted they knew they couldn't win it now give them carte Blanche to do as they please.
They can finally move the team away as was their plan all along then blame others for there decision.
Again you don't know that they are going to move us away and anything could happen. What we need is for the footballing authorities to get tough and require more work on the new stadium, like the potential location.As for crowing justice needs to be done if the council were wrong then they needed to pay.
As for walking away on that point you are right Sisu won't walk away, but will move us away. Unfortunately for Coventry City that decision will result in the majority of fans walking away
We have already lost the CCFC we started supporting and loved all those years ago,
As in any divorce there is always another love around the corner, sorry but this whole situation no matter who is to blame it is making us more bitter no matter what side of the fence you are on.
Do we think Joy is mental enough to actually build a stadium?
Ground shares have happened before and will again. The FL agreed to it - no matter whether we like it or not. And realistically the only groundsharing options were Northampton or Walsall as the Butts was a non starter.
The only way now the FL can intervene is if they are not happy with the progress the club in relation to a new stadium. IF (and I say with baited breath) a new stadium is really going to happen then SISU are going to have to move now on this and start getting some tangible evidence out in the public domain and to the FL.
Do we think Joy is mental enough to actually build a stadium?
No there are 2 values here. ACL they value at £7M and the stadium they have not published their value. People still getting confused on this key fact.
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