Nick
Administrator
Doesn't quite answer the question though does it?
They are both fighting their corner the best way they can.
ACL and perhaps later the stadium freehold was up for grabs.
Sisu used our club as the stake and would have won eventually being the only possible users of the stadium.
If you look at it as a CCFC fan you might think that's tough on the council but CCC are answerable to the ratepayers and once Wasps came in it was a foregone conclusion.
Any other owners than Sisu and the council may have waited.
Nick and Italiahorse, you are both as bad as each other. No deal was done so your theories around valuation and offers are worthless; yes you have your own opinions, but you have expressed them on countless threads.
Move on.
Clearly they did have to sell. The real question and the one some posters keep ignoring is why weren't SISU buying?
I don't think anyone is ignoring this point and I fully agree with it.
A lot of this backlash could have been avoided if the council would have come out and say publicly to SISU - this is what Wasps are prepared to pay for ACL and a longer lease on the stadium.. do you want it or not? SISU's bluff is called and one way or the other the council gets the money they need.
Which after all is the primary reason for the sale.
I don't think anyone is ignoring this point and I fully agree with it.
A lot of this backlash could have been avoided if the council would have come out and say publicly to SISU - this is what Wasps are prepared to pay for ACL and a longer lease on the stadium.. do you want it or not? SISU's bluff is called and one way or the other the council gets the money they need.
Which after all is the primary reason for the sale.
I think we all know that wasn't going to happen because wasps had the business acumen to put a confidentiality clause in place to protect their negotiated offer.
Really? Do you have any evidence?
I don't have a copy of the contact to hand, no. It's almost as if it's been tied up in some sort of confidentiality agreement.
Why, do you have any evidence that there wasn't?
I don't. However. You seem to suggest its wasps who wanted confidentiality - surely the council could have issued the demand couldn't they?
You don't know much about cov do you it wouldn't have made any difference if thousands more had supported the club they would have still been where they are now.
I don't. However. You seem to suggest its wasps who wanted confidentiality - surely the council could have issued the demand couldn't they?
Sisu are an appalling business who have screwed up just about everything they have touched, taking us to the lowest point in 50'years.
Those who choose to never hold them to account for their record, who divert, point at anyone else but Sisu and criticise fans who do hold them to account are a disgrace to our club and history.
To what gain?
That's answering a question with a question. What would wasps have to gain?
I think that is more likely. Not unusual for deals of this type though is it?
The fact that the public were banned from the council house when this was discussed shows that it's most likely the council wanted the deal kept secret.
I think we all know that wasn't going to happen because wasps had the business acumen to put a confidentiality clause in place to protect their negotiated offer.
Which brings you straight to question. Why didn't SISU have the business acumen to negotiate with the council?
I know plenty thanks obviously more than you can comprehend, and I disagree, it could have made a difference to the Rugby club.
I thought you were the international business man on a six figure salary.
I've already stated what wasps gain. They protect the deal that they have negotiated. It really is that simple. Worked to.
So tell me. What did the council gain if it was them who instigated a confidentiality agreement in the deal?
I think we all know that wasn't going to happen because wasps had the business acumen to put a confidentiality clause in place to protect their negotiated offer.
Which brings you straight to question. Why didn't SISU have the business acumen to negotiate with the council?
I just don't get this "the council should have done" argument. Are people really suggesting that SISU don't know how to do a business deal and need some other party to negotiate first? Who negotiated the deal for CCFC? Presumably it wasn't SISU because they don't know how to do such things, all they can do is hide around the corner until some other party negotiates a deal only for SISU to then jump in front of them and steal the deal from underneath their feet. Maybe this is the hold up on the new ground? They're waiting for another sports team to negotiate on a new stadium in the Coventry area so they can jump in front of them at the eleventh hour and steal their thunder.
Some people on here are incapable of accepting that the reason we've lost the Ricoh has more to do with what SISU did and didn't do rather than what Wasps/CCC did do.
How long of a opportunity did SISU have to do what Wasps did?
They had already said that they were not willing to take on the loan. IIRC Fisher even said it after Wasps took it over.
Obvious that you don't,if you did then you would know why Cov are in the position they are in just don't ask me to explain any further because I don't have a team of lawyers to help me out.
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Protect the deal? What is that in reality? The deal was never under threat was it so what was the need to protect?
The council had a lot to gain from secrecy - political expediency, face saving after numerous comments regarding the ACL finances, a lack of business credibility exposed for public viewing - the list can go on.
However, I have not made a claim that the confidentiality was drawn up by the council. You said Wasps did this which shows business acumen. So who believes who benefits is not that relevant. All I ask is you to prove the claim it was at their instigation - which you insist it was.
Political expediency? What the hell is that supposed to mean and how would a confidentiality agreement effect it?
Face saving after numerous claims about ACL finance's? This was always going to come out as soon as ACL's accounts are publicly available so a confidentiality agreement didn't change jack shit on that score.
For someone who's claiming to have not claimed that the council wanted the commercial confidentiality agreement you're certainly clutching at straws to as why they did.
Commercial confidentiality is commonplace in business and it's done to protect the deal not thing's from outside the deal. The things you are suggesting are simply not connected to the deal and if out in the open wouldn't have effected the deal and stopped it completing. Someone else knowing the details of the deal you've just spent alot of time and money on to negotiate does and gives another interested party the intelligence they need to make an improved counter offer. Why wouldn't Wasps have insisted on a confidentiality agreement from the very start of serious negotiations? I would say it would have been commercial suicide to not have one. I think that's called business acumen. I also think you know this but you're too proud to admit that you've got this wrong so you just keep digging instead.
Keep digging? Tony its you that has stated on this forum that it was wasps who insisted on commercial confidentiality. I actually believe you are the only poster on this forum that assumed it was wasps that insisted on the clause.
All i am asking is if you have the evidence to support this.
Please answer - yes or no?
http://www.ntfc.co.uk/news/article/david-cardoza-northampton-town-heads-of-terms-2505368.aspx
Could this be a way out for them ?
Or .................................... ?
Why am I hard work I'm just telling you that even if thousands more had gone to watch cov they would still be where they are and if you had followed what previous regimes did you would know why. You obviously didn't and you dont
I'm not the one that's saying I know people connected with Cov you are I'm not the one that's saying I've been plenty of times to see Cov play you are,I'm not the arrogant one you are.i was responding to one of your posts you didn't like my reply and ? Because I didn't agree with you you come out with this tut tut. Cov are in the position they are in for the same reason Blackpool are in the position they are in Cov previous owners Blackpool present owners. Basically the reason we are in the position we are in.
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