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Rumour: Hoffman and Elliot takeover negotiations (1 Viewer)

  • Thread starter Evo1883
  • Start date Apr 9, 2017
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italiahorse

Well-Known Member
  • Apr 16, 2017
  • #771
fernandopartridge said:
You're a complete idiot, by that logic Sixfields was fine because some fans were OK with it.

Sent from my D6603 using Tapatalk
Click to expand...

No I worry about my club and let others worry about theirs.
From the many I speak too they would rather them be in Coventry than not existing at all.
 

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #772
Grendel said:
Bollocks. The council had veto and pre sisu the club were never allowed to purchase unless they paid around £10 million for the Higgs share and £24 million for F and B right and.

Stop lying.
Click to expand...
Don't know the figures on the agreed Higgs formula or what it takes to buy access to the F&B revenues, but I do know you have to buy them.
You will need to show me the veto information and of course don't forget to show me the timeline on it as you usually do.
 

Nick

Administrator
  • Apr 16, 2017
  • #773
italiahorse said:
Don't know the figures on the agreed Higgs formula or what it takes to buy access to the F&B revenues, but I do know you have to buy them.
Click to expand...
That's what he said
 

Grendel

Well-Known Member
  • Apr 16, 2017
  • #774
italiahorse said:
Don't know the figures on the agreed Higgs formula or what it takes to buy access to the F&B revenues, but I do know you have to buy them.
Click to expand...

How much did wasps pay for them? And how long was the lease?

Oh and are wasps paying £1.3 million a year rent as we would still have been?
 

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #775
fernandopartridge said:
You're a complete idiot, by that logic Sixfields was fine because some fans were OK with it.

Sent from my D6603 using Tapatalk
Click to expand...
It was for them ?
 
Last edited: Apr 16, 2017

Irish Sky Blue

Well-Known Member
  • Apr 16, 2017
  • #776
Grendel said:
Oh yes and the half was at a formulae pribe of £10 million and on a less than 50 year lease.

The director set up meant they'd have no influence at all on strategy.

So the rental would still be £1.3 million a year and no distribution of dividends.

Oh and the veto was still an option.

Would you have done that?
Click to expand...

The fact is that Wasps negotiated their terms, did Sisu even try? Sisu also helped in the Wasps deal by distressing ACL.
 

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #777
Grendel said:
How much did wasps pay for them? And how long was the lease?
Click to expand...
About £20M ?
Sisu could have worked towards a deal but the Northampton move put paid to that.
Wasps was a get out of jail for CCC and Higgs.
 

Grendel

Well-Known Member
  • Apr 16, 2017
  • #778
Irish Sky Blue said:
The fact is that Wasps negotiated their terms, did Sisu even try? Sisu also helped in the Wasps deal by distressing ACL.
Click to expand...

So you are saying that we had to pay extra as our very presence escalated the value?

So you basically agree that the club should move if they can distress an out of town business.

Awesome

And I repeat pre sisu we we would have had to pay £34 million for half share and F and B rights.

Was they a reasonable deal - yes or no?
 

Grendel

Well-Known Member
  • Apr 16, 2017
  • #779
italiahorse said:
About £20M ?
Sisu could have worked towards a deal but the Northampton move put paid to that.
Wasps was a get out of jail for CCC and Higgs.
Click to expand...

They paid £5.4 million for a 200 year lease extension.

Stop lying.
 

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #780
Grendel said:
They paid £5.4 million for a 200 year lease extension.

Stop lying.
Click to expand...

They paid £5.4M for ACL and £1M for the lease extension to be exact.
They also paid off the £14M loan which effectively can be transposed as kitting out of the stadium facilities.
 

Paul Jones

Well-Known Member
  • Apr 16, 2017
  • #781
You lot really know how to enjoy a bank holiday don't you?!?!?! ‍
 
Reactions: Iancro, singers_pore and Regis87

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #782
Grendel said:
So you are saying that we had to pay extra as our very presence escalated the value?

So you basically agree that the club should move if they can distress an out of town business.

Awesome

And I repeat pre sisu we we would have had to pay £34 million for half share and F and B rights.

Was they a reasonable deal - yes or no?
Click to expand...

They could have negotiated that down like Wasps did.
Yes they might have paid the going rate of an occupied stadium at the time and it would be cheaper than a new stadium.
But they are Sisu and that was never the plan so why should they?
They got caught with their trousers round there ankles and you and others are trying to hold them up for them.
 

Irish Sky Blue

Well-Known Member
  • Apr 16, 2017
  • #783
Grendel said:
So you are saying that we had to pay extra as our very presence escalated the value?

So you basically agree that the club should move if they can distress an out of town business.

Awesome

And I repeat pre sisu we we would have had to pay £34 million for half share and F and B rights.

Was they a reasonable deal - yes or no?
Click to expand...

I don't agree with the club moving at all. It is simply ironic that Sisu's underhand tactics worked to Wasps advantage by leaving ACL in a weakened position. A move that has proved catastrophic for CCFC. Why would any City fan be pleased about that? it is also amazing what you can achieve when you talk to people, explain your difficulties and negotiate a fair settlement. Again, something that I don't believe Sisu ever tried to do with regards to buying the half share.
 
Reactions: Astute, rondog1973, Sky Blue Kid and 2 others

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #784
Paul Jones said:
You lot really know how to enjoy a bank holiday don't you?!?!?! ‍
Click to expand...

I'm retired. I'm always on holiday.
 

clint van damme

Well-Known Member
  • Apr 16, 2017
  • #785
italiahorse said:
They could have negotiated that down like Wasps did.
Yes they might have paid the going rate of an occupied stadium at the time and it would be cheaper than a new stadium.
But they are Sisu and that was never the plan so why should they?
They got caught with their trousers round there ankles and you and others are trying to hold them up for them.
Click to expand...

there is, as usual, only one person sticking up for an out of town, team moving hedge fund.
 

Grendel

Well-Known Member
  • Apr 16, 2017
  • #786
italiahorse said:
They paid £5.4M for ACL and £1M for the lease extension to be exact.
They also paid off the £14M loan which effectively can be transposed as kitting out of the stadium facilities.
Click to expand...

The loan is irrelevant as you well know. It's a loan that was privately funded and the council purchased at their dictation.

The shareholder valuation was £5.4 million for a 200 year lease extension

Why are you lying?
 

Grendel

Well-Known Member
  • Apr 16, 2017
  • #787
Irish Sky Blue said:
I don't agree with the club moving at all. It is simply ironic that Sisu's underhand tactics worked to Wasps advantage by leaving ACL in a weakened position. A move that has proved catastrophic for CCFC. Why would any City fan be pleased about that? it is also amazing what you can achieve when you talk to people, explain your difficulties and negotiate a fair settlement. Again, something that I don't believe Sisu ever tried to do with regards to buying the half share.
Click to expand...

Pre sisu? Why are you ignoring that?
 

Nick

Administrator
  • Apr 16, 2017
  • #788
What if a company now offered ccfc a decent deal on their own stadium in Coventry but they rejected it to move to an empty one 80 miles away?

Note, their own..
 

clint van damme

Well-Known Member
  • Apr 16, 2017
  • #789
Nick said:
What if a company now offered ccfc a decent deal on their own stadium in Coventry but they rejected it to move to an empty one 80 miles away?
Click to expand...
would italia have first refusal on the car parking?
 

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #790
Nick said:
What if a company now offered ccfc a decent deal on their own stadium in Coventry but they rejected it to move to an empty one 80 miles away?

Note, their own..
Click to expand...

You've added decent.
 

Nick

Administrator
  • Apr 16, 2017
  • #791
italiahorse said:
You've added decent.
Click to expand...
So what would you say if ccfc said they had no choice?
 

Grendel

Well-Known Member
  • Apr 16, 2017
  • #792
italiahorse said:
You've added decent.
Click to expand...

Something you know nothing about. You'd be prepared to flush 130 years down the toilet for a few quid

Next time you go to see your insects have a look at that bearded blokes statue and think would he be proud of you?
 
Reactions: torchomatic and clint van damme

letsallsingtogether

Well-Known Member
  • Apr 16, 2017
  • #793
Problem was Wasps were already in the shit financially they needed some thing to keep going I believe they thought the Ricoh would bring them that.
From what I've heard it hasn't worked and now they are even more in the shit.
Maybe this is what Joy has been waiting for.
If rumours are to be believed the 2 parties are speaking about an extension at the Ricoh.
Just goes to show that no hedgefund should be involved with sport of any kind they haven't got a clue.
 
Reactions: Astute, 6 Generations, singers_pore and 5 others

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #794
Nick said:
So what would you say if ccfc said they had no choice?
Click to expand...
Ask for the evidence ?
Certainly not go along with it 'for the team' ??
 

Nick

Administrator
  • Apr 16, 2017
  • #795
italiahorse said:
Ask for the evidence ?
Certainly not go along with it 'for the team' ??
Click to expand...
Surely you would just ask people in the car park who were going to matches there to judge?
 
C

CCFC54321

Well-Known Member
  • Apr 16, 2017
  • #796
letsallsingtogether said:
Problem was Wasps were already in the shit financially they needed some thing to keep going I believe they thought the Ricoh would bring them that.
From what I've heard it hasn't worked and now they are even more in the shit.
Maybe this is what Joy has been waiting for.
If rumours are to be believed the 2 parties are speaking about an extension at the Ricoh.
Just goes to show that no hedgefund should be involved with sport of any kind they haven't got a clue.
Click to expand...
Believe me when I say wasps are in the shit. Short term they will survive but long term no way.
 

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #797
Grendel said:
Something you know nothing about. You'd be prepared to flush 130 years down the toilet for a few quid

Next time you go to see your insects have a look at that bearded blokes statue and think would he be proud of you?
Click to expand...

Sorry, have I missed the plan that I'm interfering with ?
I'm one of the main contributors to CCFC each year. Do I need to pay more ?
Is the bearded bloke the same one you slag off about his chairmanship?
 

torchomatic

Well-Known Member
  • Apr 16, 2017
  • #798
clint van damme said:
no it didn't, any chance we had of owning the Ricoh went when the council sold the lease to wasps.
Not excusing sisus behaviour, but selling the lease to wasps didn't just end the chances of our current owners owning the stadium, it pretty much ended the chances of future owners purchasing it for the club.
Click to expand...

And as I've said before that single decision will damage CCFC more than SISU ever could.
 
Reactions: clint van damme, ccfchoi87 and chiefdave

Grendel

Well-Known Member
  • Apr 16, 2017
  • #799
letsallsingtogether said:
Problem was Wasps were already in the shit financially they needed some thing to keep going I believe they thought the Ricoh would bring them that.
From what I've heard it hasn't worked and now they are even more in the shit.
Maybe this is what Joy has been waiting for.
If rumours are to be believed the 2 parties are speaking about an extension at the Ricoh.
Just goes to show that no hedgefund should be involved with sport of any kind they haven't got a clue.
Click to expand...

Oddly enough I've heard the same and that wasps are now actively trying to get a new deal signed by the club. Terms, however, are punitive. In the end wasps will concede as their future will be hugely dependant on what happens to the football club - they know it, the club know it and wasps are finding their investment dream is not as rosy as they thought.
 

italiahorse

Well-Known Member
  • Apr 16, 2017
  • #800
Grendel said:
Oddly enough I've heard the same and that wasps are now actively trying to get a new deal signed by the club. Terms, however, are punitive. In the end wasps will concede as their future will be hugely dependant on what happens to the football club - they know it, the club know it and wasps are finding their investment dream is not as rosy as they thought.
Click to expand...
You'll be sticking with Sisu on Tuesday then ?
 
Last edited: Apr 16, 2017

Nick

Administrator
  • Apr 16, 2017
  • #801
Spit it out about Tuesday then...
 

Hadji's_Goatee

Well-Known Member
  • Apr 16, 2017
  • #802
See you next Tuesday?
 
Reactions: Ranjit Bhurpa

Irish Sky Blue

Well-Known Member
  • Apr 16, 2017
  • #803
Grendel said:
Pre sisu? Why are you ignoring that?
Click to expand...
I'm not sure what you mean by pre Sisu. All I am saying is that Sisu had the chance to nnegotiate a deal that was in the best interests of themselves and of CCFC. They chose not to do this.
 

Irish Sky Blue

Well-Known Member
  • Apr 16, 2017
  • #804
torchomatic said:
And as I've said before that single decision will damage CCFC more than SISU ever could.
Click to expand...
I know this is going around in the same old circles , but one last time, if Sisu hadn't taken the club to Northampton ( and remembering that this was for their own ends, not for the good of CCFC), Wasps would not be here.
 
Reactions: Astute, rondog1973, Rusty Trombone and 4 others

chiefdave

Well-Known Member
  • Apr 16, 2017
  • #805
Nick said:
Spit it out about Tuesday then...
Click to expand...
Everyone knows things only happen on a Thursday.
 
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