Preston Haskell IV to buy Alan Higgs charity. (9 Viewers)

warwickcccfc said:

That explains a lot, buddy!

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So do I and I sit on the other side of some (mostly non-football) arguments to Torch, so it doesn't!

SkyBlueSwiss said:

I've never done this before, but for such utter stupidity:
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA :jerkit:

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You thought I was serious SkyBlueSwiss? :facepalm::facepalm:
Sorry I was being ironic. Perhaps it was too subtle. To be clear I was satirising the SISUnistas.

:guitar2:

dongonzalos said:

Torch I think PWKH was basically saying no there is no interest as far as he is aware in the American just wanting to buy ACL.

He thinks any deal for ACL has to be done with someone who is also going to buy the club.

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My reading of what PWKH said is that there is no sale agreed. I don't think PWKH is saying Haskell IV couldn't potentially do a deal in the future, just that the Sunday Times story that a "deal has been agreed" is not factually correct at this time.

devonrich said:

Revenue of Haskell company
$590+ Million

MMMMMMMMMM Welcome to Coventry!!!!

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It is Preston Iv. Different company.

Flying Fokker said:

It is Preston Iv. Different company.

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Isn't Preston IV a northern heroin dealer?

Grendel said:

Anyone know why this guy was not considered suitable by the Leeds administrators?

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I think he was just out bid. They weren't in administration were they?

"Leeds is a well-managed club from Ken Bates down to Neil Warnock.”
I'm having second thoughts about this fella!!

http://www.yorkshireeveningpost.co....-to-a-new-leeds-united-takeover-bid-1-5119565

I think this is largely journalistic license at best.
Several facts contained in the Times story are wrong which makes it less true.
I believe CCFC Holdings have the right to purchase back the charity shares? Unless they have handed that back with the Ricoh keys I don't think Haskell or anyone else can override that?
CCFC holdings is not in Admin.
Haskell can't say a deal is subject to him purchasing the club from the administrator. You can't do that. You can bid along with anyone else but you can't pre-organise a purchase before even administration has happened? You can register your interest but that's it. Others such as for argument sake Hoffman would have as much right as anyone to have an offer registered and considered.

One last point CCFC holdings have already left the building!
PWKL sorry Peter has already denied such reports and when asked about investors on the radio did gave a very weak answer that suggested that included admitting there were none he knew of.

Having said all that Haskell could have said things akin to the story to get feedback from the main protagonist in all this and draw some attention to himself as a potential investor. It's hard to believe at best there is any truth in this story other than a wayward investor might be interested with stipulations attached? That could be offered to the current owners, like them or not. You can't expect to ride in and rob the present owners like Billy the Kid and get away with it!

Higgs Charity have denied this and say they have made no such agreement.


Move along now. Nothing to see here.

Please do not get your hopes up. Having met Preston Haskell IV at the Colchester game we have now had an e-mail from him expressing his interest in purchasing the Charity's shares in ACL. I have replied saying that I will forward his e-mail to the Trustees. That is all. There have been no discussions and none are planned.

The Charity does not welcome having statements made about it which are untrue. It is, of course possible that Preston Haskell IV is unaware of the statement attributed to him. The statement could simply be a bit of mischief by people wishing to confuse the situation for their own ends.

I do get the impression that higgs/acl are not dynamic/ enabling the situation. No offence Mr pwkh, but reminds me of an organisation of brown suited people who will not change anything or move forward until it is all too late

by then the football club will have died, and you will be left with a nice big football pitch, that you have no use for

PWKH. Thank you for the update it will help to keep a lot of Fan's feet on the ground during these problematic times.

Please continue with these updates if you can as I think your comments are the only ones we can trust.

Regards.

I think it is CCFC Limited that has the option Paxman and that option is subject to certain criteria and a time limit. It is also quite likely that there will be clauses in the option agreement that cancel that option should the company become subject to an insolvency event. That option can not be transferred to a different company without the express written permission of the Charity. The option gives the company first chance based on certain terms ...... but if the company can not meet those terms then disposal could be possible to a third party. It all depends on the terms and we do not know the details.

He can say the deal is subject to whatever ........ simply because thats the basis of his interest and potential to take if further perhaps to an offer doesnt mean that is the way it will happen though if at all. Basically he is saying that the deal depends on him being able to buy the club out of administration. I dont think we should hang on every word and disect it. Basically what I think he is saying is he wont deal with SISU direct (a) because they are not selling (b) the price would be better in administration and SISU have less control of the process (c) then having done that deal he would seek a deal on the stadium

I agree that the article takes things further than the reality of the situation but certainly (following JE's interview this morning) there is real interest but that is a long long way from anything really happening

PWKH wont want to say much about the details of any meetings (a) it isnt how he seems to work (b) nothing really has happened yet (c) it all relies on the events unfolding in court and they are not settled (d) he doesnt want to raise fans hopes too high in case they are dashed but also because it puts pressure on him/charity if he does (e) he has seen it all before and nothing has been completed. Really cant blame him not talking anything up ...... there may indeed not be anything to talk up.

All we can do is wait see what happens

Otis said:

Higgs Charity have denied this and say they have made no such agreement.


Move along now. Nothing to see here.

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except the email sent by preston expressing his intrest

why are you so quick to end threads? makes you feel big?

covcity4life said:

except the email sent by preston expressing his intrest

why are you so quick to end threads? makes you feel big?

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Ha! You can tell its Monday! On the warpath

hill83 said:

Ha! You can tell its Monday! On the warpath

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lol

lend me jons bio shock when your done

covcity4life said:

lol

lend me jons bio shock when your done

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I'll bring it down next time I'm on days. Borrowed that about 2 years ago!

hill83 said:

I'll bring it down next time I'm on days. Borrowed that about 2 years ago!

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yeh he mentioned!

oakey said:

You thought I was serious SkyBlueSwiss? :facepalm::facepalm:
Sorry I was being ironic. Perhaps it was too subtle. To be clear I was satirising the SISUnistas.

:guitar2:

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Apologies for missing the irony

If the shares are with CCFC Ltd then we must assume they did not transfer them to the holding company? I find that strange as the share option would be considered an asset and it has been stated in court last Thursday when SISU had placed the CCFC Ltd in admin that it had no assets?

If it is with the CCFC Ltd entity then they have willingly given that option up then.

The new news that there is indeed 'some' truth in the rumour about Haskell is only marginal good news. Joe, Hoffman have been talking with many so called investors before with all good intention and while I don't disagree with Haskell's said interest it is not something that will affect anything happening now or the near future. I personally believe after researching this guy a little, it's a long shot.

Its a very dangerous game to play by Joe as it achieves nothing but generates false hope among the fan base that their is some easy solution if only SISU could be got rid of.
The only thing stopping SISU from getting in on the same scenario that Haskell may want, is the Council and ACL's attitude. Making business personal is not a good thing. Anyone who thinks they can stomp all over SISU's £40m + investment with scant regard to helping them get some of that back are living in cloud cookoo land....that's where Joe Elliott lives given his past history.
I remember him pleading to City fans how good it was to hand over their shares for a brighter future? He is a remnant of the past, sadly out of touch as he always was when on the board and in Hoffman all I see is a toothless banker who equally acted farcically the last time he got 'involved'.

I'm not saying they can't get something done but if the Ricoh were on offer and land investment etc as is being described then I would rather see other new investors come forward under that scenario, of which I think would be plenty under those circumstances.

Preston Haskell : I have an agreement in place to purchase half the stadium
ACL: no you don't

Nice to see a potential new owner have gotten off on an a good an honest start with ACL

CCFC said:

Preston Haskell : I have an agreement in place to purchase half the stadium
ACL: no you don't

Nice to see a potential new owner have gotten off on an a good an honest start with ACL

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It's like Orange Ken's meeting with the council all over again!

Before we think too much about this let's just see what tomorrow brings.

It could bring a 20 point penalty and us keeping Sisu.

@patmurphybbc: A 20 pts deduction would leave @Coventry_City on 40,just 2 above the drop zone.Remains to be seen what FLge thinks about recent squabbles

The administrator has since said there are some assets in CCFC ........ strangely in these circumstances describes the lease and licence as an asset - surely with CCFC non trading with no income it is more like a liability

I think we should be wary of the announcements coming out.............. nothing can yet be done and may never be done. The talk i doubt is helpful to ACL's case and at the moment is an un necessary distraction

Pretty certain it is personal on both sides and both sides are doing some"stomping"

I doubt that PHIV is the only fish in the sea ..... just he is JE/GH's preferred option.......... but they are not in position to make the decisions

Can we sing it could have been you to Joy.

4 million!

so the higgs want 4 mill for their share.. and it cost them 6 million.. seems more than fair, they obviously just want someone to take over the club and do the right thing

the council want 40 million for their share & they put in 10 mill... just about sums up the council in this whole debacle

got to remember that the source of this is someone close to the takeover discussions................ except there have been no takeover discussions........ only an american expressing how he thought it might be done

so I wouldnt read anything in to the figures quoted

oldskyblue58 said:

got to remember that the source of this is someone close to the takeover discussions................ except there have been no takeover discussions........ only an american expressing how he thought it might be done

so I wouldnt read anything in to the figures quoted

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Pretty much-though I would like to know how legitimate that Times interview was.

Baginton said:

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Charmin'.....