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Labour group votes to approve £19.5m Ricoh sale to Wasps (1 Viewer)

  • Thread starter Rob S
  • Start date Oct 7, 2014
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Rob S

Well-Known Member
  • Oct 7, 2014
  • #1
https://twitter.com/lesreidpolitics/status/519381045503066112

@Lesreidpolitics: I can reveal sale of Ricoh to Wasps for £19.5m WILL be passed by Coventry council today. Labour group voted to back it last night
 

Otis

Well-Known Member
  • Oct 7, 2014
  • #2
Ohh bugger.

Well let's just hope there is a golden nugget of hope and good news for us amongst all this smoke and mirrors and skulduggery.
 

lewys33

Well-Known Member
  • Oct 7, 2014
  • #3
I am assuming the £19.5 mill is excluding the £14mill loan (effectively making it £33.5 million)? If not then it is fucking scandalous.
 

Nick

Administrator
  • Oct 7, 2014
  • #4
I guess 33.5 makes sense if they want 100 now
 
J

Jack Griffin

Guest
  • Oct 7, 2014
  • #5
lewys33 said:
I am assuming the £19.5 mill is excluding the £14mill loan (effectively making it £33.5 million)? If not then it is fucking scandalous.
Click to expand...

Still not confirmed the money has been raised, but now the deal seems certain to be approved I guess it is likely to bring in more backing..
 

Rob S

Well-Known Member
  • Oct 7, 2014
  • #6
Or CCC/Higgs splitting £5m..?
 

lewys33

Well-Known Member
  • Oct 7, 2014
  • #7
Les Reid @Lesreidpolitics · 15h15 hours ago

In other news, today's a good day. Timing can't be coincidence. With public action impending they knew game was up #justice

Maybe Simon and Rob could shed more light on this
 

Grendel

Well-Known Member
  • Oct 7, 2014
  • #8
lewys33 said:
Les Reid @Lesreidpolitics · 15h15 hours ago

In other news, today's a good day. Timing can't be coincidence. With public action impending they knew game was up #justice

Maybe Simon and Rob could shed more light on this
Click to expand...

Perhaps Les is buying the Ricoh.
 

lewys33

Well-Known Member
  • Oct 7, 2014
  • #9
Grendel said:
Perhaps Les is buying the Ricoh.
Click to expand...

He does seem to know a lot. Maybe too much .........
 
J

Jack Griffin

Guest
  • Oct 7, 2014
  • #10
Grendel said:
Perhaps Les is buying the Ricoh.
Click to expand...

Will the caped crusader make an appearance at the council house, possibly scaling the clock tower?
 

Rob S

Well-Known Member
  • Oct 7, 2014
  • #11
And there was me thinking that you didn't approve of this kind of non-football talk lewys ;-)
 
W

wingy

Well-Known Member
  • Oct 7, 2014
  • #12
Alan Thorn leaving CT?
 

Voice_of_Reason

Well-Known Member
  • Oct 7, 2014
  • #13
Rob S said:
https://twitter.com/lesreidpolitics/status/519381045503066112

@Lesreidpolitics: I can reveal sale of Ricoh to Wasps for £19.5m WILL be passed by Coventry council today. Labour group voted to back it last night
Click to expand...

I have absolutely no sympathy for SISU.. they apear to have well and truly shot themselves and their plans in the foot. Karma ? RE CCFC, I cannot see the Council agreeing to this sale unless it includes some contingency plan to accommodate CCFC in one form or another. Me thinks that maybe SISU may be on the brink of selling the club? I cannot see they have any other option.
 

Rob S

Well-Known Member
  • Oct 7, 2014
  • #14
Voice_of_Reason said:
I have absolutely no sympathy for SISU.. they apear to have well and truly shot themselves and their plans in the foot. Karma ? RE CCFC, I cannot see the Council agreeing to this sale unless it includes some contingency plan to accommodate CCFC in one form or another. Me thinks that maybe SISU may be on the brink of selling the club? I cannot see they have any other option.
Click to expand...

Why does anyone need sympathy for Sisu? It's CCFC that most of us care about.
 

Otis

Well-Known Member
  • Oct 7, 2014
  • #15
Voice_of_Reason said:
I have absolutely no sympathy for SISU.. they apear to have well and truly shot themselves and their plans in the foot. Karma ? RE CCFC, I cannot see the Council agreeing to this sale unless it includes some contingency plan to accommodate CCFC in one form or another. Me thinks that maybe SISU may be on the brink of selling the club? I cannot see they have any other option.
Click to expand...


Can only come to the same conclusion, that the deal includes the takeover of CCFC

Otherwise the whole thing doesn't make sense. Wasps losing thousands of their own supporters, local ones boycotting, CCFC buggering off elsewhere, leaving the Ricoh to finally become the white elephant people were saying it would turn out to be.
 

Wyken Sky Blue

Well-Known Member
  • Oct 7, 2014
  • #16
Fuck off.

ACL, SISU, London Wasps, Coventry Councillors: I hope you are all fucking happy. Cunts.
 

Rob S

Well-Known Member
  • Oct 7, 2014
  • #17
Discussion on CWR now about vote & lack of public scrutiny right now.
 

stupot07

Well-Known Member
  • Oct 7, 2014
  • #18
Voice_of_Reason said:
I have absolutely no sympathy for SISU.. they apear to have well and truly shot themselves and their plans in the foot. Karma ? RE CCFC, I cannot see the Council agreeing to this sale unless it includes some contingency plan to accommodate CCFC in one form or another. Me thinks that maybe SISU may be on the brink of selling the club? I cannot see they have any other option.
Click to expand...

No one has sympathy for sisu, owners come and go but us fans have been riled over and shafted again. Yes, wasps won't kick us out, it's in their interests to make money out of us, but we almost definitely not own a stake in the Ricoh in our lifetime, will not get access to the revenue necessary to get to the PL in our lifetime. Hey ho as long as sisu feck off we'll be all cosy in our yellow and black stadium, drinking in Dallaghio's Den.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 

Nick

Administrator
  • Oct 7, 2014
  • #19
Rob S said:
Discussion on CWR now about vote & lack of public scrutiny right now.
Click to expand...
Who is this talking?
 

Sick Boy

Super Moderator
  • Oct 7, 2014
  • #20
stupot07 said:
No one has sympathy for sisu, owners come and go but us fans have been riled over and shafted again. Yes, wasps won't kick us out, it's in their interests to make money out of us, but we almost definitely not own a stake in the Ricoh in our lifetime, will not get access to the revenue necessary to get to the PL in our lifetime. Hey ho as long as sisu feck off we'll be all cosy in our yellow and black stadium, drinking in Dallaghio's Den.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Click to expand...

It's depressing as hell. Imo a takeover of ccfc is simply wishful thinking. Those on here who have defended this are a disgrace.
 

Grendel

Well-Known Member
  • Oct 7, 2014
  • #21
Nick said:
Who is this talking?
Click to expand...

God sounds like Nellist
 

Nick

Administrator
  • Oct 7, 2014
  • #22
Grendel said:
God sounds like Nellist
Click to expand...
Correct it was.
 

Nick

Administrator
  • Oct 7, 2014
  • #23
Ha the news man just said wugby!!!
 

Rob S

Well-Known Member
  • Oct 7, 2014
  • #24
Nick said:
Who is this talking?
Click to expand...

Dave Nellist. Not happy with things and pointing out drop in public accountability with more private meetings in recent years.

Remember that we apparently have no record of the previous Ricoh loan private session. Really have to start worrying about democracy in the city.
 

Nick

Administrator
  • Oct 7, 2014
  • #25
Has it finished now? Can I turn off? Sounds like a really awkward office situation with people laughing at unfunny jokes nervously.
 
L

logjoe

New Member
  • Oct 7, 2014
  • #26
Rob S said:
https://twitter.com/lesreidpolitics/status/519381045503066112

@Lesreidpolitics: I can reveal sale of Ricoh to Wasps for £19.5m WILL be passed by Coventry council today. Labour group voted to back it last night
Click to expand...

Confused is this the figures that were quoted to the club to buy the Ricoh I recall unless wrong that 60m was always preached. Do the wasps still have to honour the agreement with compass if so they have got a long wait to get revenue from food and drinks. Someone quoted that the agreement was for a really long period
 

Rob S

Well-Known Member
  • Oct 7, 2014
  • #27
logjoe said:
Confused is this the figures that were quoted to the club to buy the Ricoh I recall unless wrong that 60m was always preached. Do the wasps still have to honour the agreement with compass if so they have got a long wait to get revenue from food and drinks. Someone quoted that the agreement was for a really long period
Click to expand...

I'm wondering how we'll ever find out what's involved with this deal. Well, there's always the courts ;-)
 

Nick

Administrator
  • Oct 7, 2014
  • #28
Rob S said:
I'm wondering how we'll ever find out what's involved with this deal. Well, there's always the courts ;-)
Click to expand...
How could people find out?
 
S

Seaside-Skyblue

Well-Known Member
  • Oct 7, 2014
  • #29
Is this game over for our club now? I've only ever known Cov as a club on a life support machine.
 

torchomatic

Well-Known Member
  • Oct 7, 2014
  • #30
ALways liked Nellist. Years ago me and my mate used to take our decks and play records in quite a few pubs around and about. On the front of our decks we had a sticker "Vote Dave Nellist". One landlord told us to take it off, we refused, and he asked us to leave, which we did. It was a New Years' Eve do.

He spoke a lot of sense and was spot on when he said CCC are doing exactly was SISU did.
 

Otis

Well-Known Member
  • Oct 7, 2014
  • #31
torchomatic said:
ALways liked Nellist. Years ago me and my mate used to take our decks and play records in quite a few pubs around and about. On the front of our decks we had a sticker "Vote Dave Nellist". One landlord told us to take it off, we refused, and he asked us to leave, which we did. It was a New Years' Eve do.

He spoke a lot of sense and was spot on when he said CCC are doing exactly was SISU did.
Click to expand...


I've always had time for Nellist too. Used toknow a bloke who worked with him for many years and he aslways said he was a very genuine, solid bloke.
 

steveo1987

Well-Known Member
  • Oct 7, 2014
  • #32
When are the sky blue seats and club crests being removed?
 

Rob S

Well-Known Member
  • Oct 7, 2014
  • #33
Seaside-Skyblue said:
Is this game over for our club now? I've only ever known Cov as a club on a life support machine.
Click to expand...

Thankfully I'm old enough to have been to Wembley twice with Cov. Feels like 100 years ago now :-(
 

Sick Boy

Super Moderator
  • Oct 7, 2014
  • #34
steveo1987 said:
When are the sky blue seats and club crests being removed?
Click to expand...

Hopefully as soon as possible. The council should make the football club pay for their removal.

Up the council! Finally the club is nearly dead!
 

Bennets Afro

Well-Known Member
  • Oct 7, 2014
  • #35
Do you think this meeting was minuted?
 
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