It's good that you've shown up to explain everything. Carry on.....
Wasn't there a rumour on here a couple of weeks ago saying that they were struggling to raise the cash?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Doesn't mean anything either wayBut were they started by BYNG ?/
He brought It up on the Friday phone In .
First the earth cooled. And then the dinosaurs came, but they got too big and fat, so they all died and they turned into oil. And then the Arabs came and they bought Mercedes Benzes. And Prince Charles started wearing all of Lady Di's clothes. I couldn't believe it.
Pretty sure PWKH, or maybe it was OSB58, or both, said that Higgs have to give permission for the purchase option to be transferred. So claims of beneficial ownership won't work will they?
Top wumming - this is No Loan and 250 years while the partners Re shafted with the loan
Won't happen though it will be vetoed.
You are saying it can't happen.
Yet SISU are still bidding?
Why?
Think that was OSB.
But could ccfc ltd be brought back to life? Out of liquidation - out of administration?
I have no clue, but that could be some twist.
You are saying it can't happen.
Yet SISU are still bidding?
Why?
Think that was OSB.
But could ccfc ltd be brought back to life? Out of liquidation - out of administration?
I have no clue, but that could be some twist.
Get our 20 points back.
Its a bloody mess already, rumours today that Wasps don't even have the financial backing in place to complete even the first part of this deal let alone the full purchase of all 100%
It's not hard to see why.
Not really after all you have pointed out on numerous occassions that its worthless so therefore they would be throwing good money after bad and I for one dont want Sisu to lose any more of their cash. I mean what the hell are they thinking, paying good money for a "souless" "concrete monstrosity" in Holbrooks no no no no no:facepalm:
I haven't got time to read the whole thread at the moment
I have seen SISU are bidding for the liquidated company as they were encouraged to if they wanted the Higgs share.
The liquidator can only agree to it if it is in the best interests of the main creditor, Higgs Charity?
So I am guessing they have to pay more than 2.77 million for it to be on the best interests of ACL?
There maybe a power of Veto that is transferred to wasps, If it is not transferred to wasps is it with the council?
Say SISU offer 5 million, the council could not Veto the charity getting significantly more funds, as long as it was payment up front?
You say it will be veto'ed, I assume you mean by wasps? If that us the case then I don't understand why they would bid.
Explain if you know as I can't get time to read through everything at the moment
Best possible news for us if there's anything to that. It would now be clear what SISU need to pay and I don't think anyone has argued Wasps are paying over the odds, if anything people are saying the opposite.
if the Wasps deal collapses SISU can just step in with an identical offer. There's no way SISU could claim they don't know the value to bid and no way CCC could justify turning down a bid that's identical to one that's already been accepted.
Well ... sort of. Would say everyone needs to support CCFC on this one and that course would mean Sisu being successful.
People need to get Sisu out of their minds and just think about Coventry City Football Club. It's that simple.
I think the main creditors are ARVO (sisu) and ACL ... not Higgs. I don't believe they owe Higgs anything.
And the twist is that most of what they pay to the creditors will come back to them (sisu) providing they end up getting all shares in ACL.
Higgs probably won't get more from sisu (or anyone else) than they will get from Wasp.
To me this is the key! As football fans, not political commentators, it just might be the right thing to do. Fact is we're stuck with sisu, so I'm not going to let them spoil my day or rent space in my head!
The bizarre habit of people pointing out that owners aren't from here or even FOREIGN seems redundant, as if 'Coventry-based hedge fund' would mean you won't still be rammed hard in the arse.
Now you have really messed with my head.
Why then when Wasps do the same thing does 2.77 go to Higgs.
Or is that only when the liquidation goes through.
Whoosh.. you miss the point, it is not the exact location that matters it is the fact that they are there so their dealings are opaque that is the issue.
Its a bloody mess already, rumours today that Wasps don't even have the financial backing in place to complete even the first part of this deal let alone the full purchase of all 100%
lets hope it happens, football club needs a piece of the ricoh pie.
if wasps kick up a fuss let them take on sisu in court, sisu got rid of council maybe they can do same vs wasps
Surely if they didn't have the money they wouldn't have had a maybe press day? Wouldn't proof of funds be needed?
I fail to see any scenario where Wasp can take sisu to court.
Some might think 'what about beneficial ownership?', but I believe that is to be decided by the liquidator. If he finds SBS&L have beneficial ownership over the option to Higgs shares in ACL and Wasp disagree, then Wasp can bring that decision to court.
They don't deserve that s, scumbagsCan I just ask, Godiva, why you keep calling them Wasp? Do you feel that you hold them in such disdain that you believe they don't warrant the extra 'S' at the end of their name?
Matty, this is interesting, but where have you heard these rumours. I haven't read anything in the press, or on the internet to suggest such a thing...also I have seen nothing to suggest this on the WAsps forum either. Does it have some substance or is it just pub talk?
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