Sisu/Higgs (1 Viewer)
- Thread starter SonOfSnoz
- Start date
dongonzalos
Well-Known Member
No it is not possible. Mr Fisher has stated that SISU can't trust or do business with the Higgs charity.
I don't see what's so hard to understand about that? Whilst they do a deal with them
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smouch1975
Well-Known Member
Maybe SISU needed the funding the FA pay to the academy??
Keep the young un's coming through?
Keep the young un's coming through?
NorthernWisdom
Well-Known Member
You only need them if you're in it for the long term...
dongonzalos
Well-Known Member
In all seriousness Snoz
I assume you realise that returning to the Ricoh damages SISU's ability to force a cheap sale of the Ricoh.
The only way we will return is it suits SISU. If PWKH blows up JS's car and it suits SISU to return we will.
I think it will only suit SISU if they genuinely believe a sale is not possible.
Or the council come up with another buyer or another genuine viable option for the Ricoh that does not involve CCFC.
I assume you realise that returning to the Ricoh damages SISU's ability to force a cheap sale of the Ricoh.
The only way we will return is it suits SISU. If PWKH blows up JS's car and it suits SISU to return we will.
I think it will only suit SISU if they genuinely believe a sale is not possible.
Or the council come up with another buyer or another genuine viable option for the Ricoh that does not involve CCFC.
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The Gentleman
Well-Known Member
Or if you are not willing to spend on players......
The Alan Higgs Centre Trust has reached agreement with Otium for them to use the Centre to run the Academy.
The Higgs Charity is at the moment pursuing Sisu Capital through the Courts to recover £29,000 and costs owing to the Charity after Sisu Capital failed to complete the deal to purchase the Trustees' shares in ACL. You will remember Fisher's comments in the fan's forums he held last June:
We were very willing to do a deal on the stadium and on the 18[SUP]th[/SUP] and 19[SUP]th[/SUP] of June we signed a terms sheet to actually buy the Higgs stake in ACL... And this is the point two turkeys don’t an eagle make. We would not strap ourselves to an ailing business. And that is why we have to create our own.
As I said on BBC CWR some weeks ago the Trustees, just as the trustees of the Higgs Centre, will not deal with any of the Sisu web of companies until they have met their debts to them. Maybe that is why Fisher et al will not now talk with the Charity.
The Higgs Charity is at the moment pursuing Sisu Capital through the Courts to recover £29,000 and costs owing to the Charity after Sisu Capital failed to complete the deal to purchase the Trustees' shares in ACL. You will remember Fisher's comments in the fan's forums he held last June:
We were very willing to do a deal on the stadium and on the 18[SUP]th[/SUP] and 19[SUP]th[/SUP] of June we signed a terms sheet to actually buy the Higgs stake in ACL... And this is the point two turkeys don’t an eagle make. We would not strap ourselves to an ailing business. And that is why we have to create our own.
As I said on BBC CWR some weeks ago the Trustees, just as the trustees of the Higgs Centre, will not deal with any of the Sisu web of companies until they have met their debts to them. Maybe that is why Fisher et al will not now talk with the Charity.
J
Jack Griffin
Guest
You really don't get it, it's SISU who aren't negotiating.. they have resorted to litigation.
The only reason SISU went back to the Higgs centre is because the FA told them they had to or lose their £0.5M grant for a cat 2 academy.
torchomatic
Well-Known Member
dongonzalos
Well-Known Member
I think the majority know and understand that they can do business with you when it suits.
Also that most business people can make business deals with people whom they share bad blood.
It just doesn't suit
The Gentleman
Well-Known Member
But why can't we ? use the money they are going to use on legal battles, Legoland and survey's for such, take the latest rental deal, and would we be able to use the money from that lot ? Christ, imagine where that would take us with the manager we have and the makings of a decent side.
James Smith
Well-Known Member
I checked on Friday night the Higgs Centre has different trustees to the main charity and the only common link is PWKH who is the secretary/clerk to both sets of Trustees - and Chairman of the Trustees at the Centre.
What I suspect (and it is only a theory) is that the Higgs are seen as a problem should Sisu win the JR. They can prevent the council selling their shares (and vice versa) can't they? Taking the Higgs to court would probably be a bad PR move and likely generate more negative national press. Plus the Higgs doubtless need to make a return on the money that they used buying our share to satisfy the Charity Commission. Sisu might not want to spend anything like that. Also what would their case be, they can't demand they're sold or given the shares.
Far easier to demand that the council have to deal with getting the Higgs share. That means the council would be required to spend their money (not Sisu) buying the Higgs share, and consequently less risk to Sisu. If Sisu subsequently did win the JR there would then be a neat package of the lease and the freehold owned by one entity - the council. Threaten the council with more expensive legal case for damages (after the Sisu JR win) until they then decide to cut their losses and hand over that package.
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James Smith
Well-Known Member
Thanks for clearing that up apologies for the mistake, I'll edit my post.
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Stafford_SkBlue
Active Member
From the 50% sale of Higgs interest in ACL to sisu - who pulled out Higgs or Sisu?
Sky Blue Kid
Well-Known Member
SonOfSnoz...But CCFC is just a dustbin for Sisu's debts..........................................................................................................I think someone has just turned the lights on!
James Smith
Well-Known Member
PWKH alleges Sisu did....
The comment from Tim Could be related to bird watching or biology for all I know.PWKH said:
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How dare you......this poster has more lights on then the broadgate xmas tree, in a City where the council are switching off lights on main City roads!
skybluefred
New Member
Sisu are a hedge fund. They specialize in buying distressed business's, They then sell off everything
of value, and then sell off the remainder to anybody daft enough to buy the residue.
Unfortunately for them (fortunately for us though) CCFC does not own the RICOH but rest assured
if they had owned it it would have been sold at huge profit by now. Had that have happened we might
have new owners by now.
When money is your GOD you will do anything to obtain it,it doesn't matter that you are a multi millionaire
you are just a greedy ******* who wants more and more.
of value, and then sell off the remainder to anybody daft enough to buy the residue.
Unfortunately for them (fortunately for us though) CCFC does not own the RICOH but rest assured
if they had owned it it would have been sold at huge profit by now. Had that have happened we might
have new owners by now.
When money is your GOD you will do anything to obtain it,it doesn't matter that you are a multi millionaire
you are just a greedy ******* who wants more and more.
Johnnythespider
Well-Known Member
I think the answer to this lies in Tim's quote that they could not strap themselves to an ailing business
Specs WT-R75
Well-Known Member
In hindsight, the most annoying thing here is that with the amount of revenue the club has lost moving to SF before long they would have been able to acquire the higgs share for effectively nothing....
