I undersand that the option is sat in ltd but does that mean that Otium can only bid through PA? Can they just not bid directly like i assume Wasps have? Or is there a different angle for using the option to make the bid?
Simon - has the wasps deal for the other 50% been completed yet? If not, do you know whether it is subject to getting Higgs share?
Otium or anyone could have made an offer to Higgs, but as no offers were seemingly made except the Wasps one, then Higgs accepted their offer. Now as part of a previous deal Higgs have to let CCFC Ltd know that they have agreed to sell, it does not appear that Higgs have any intention of accepting any offer other than the one from Wasps.
There is nothing to say that Wasps or the Football Club couldn't bid directly to Higgs, but what's to say that the Club would do that if they feel by going through PA they could get those shares cheaper?
Sent from my iPhone using Tapatalk
They may well get the shares cheaper but wouldn't they have to purchase the option first from PA meaning overall it could be the expensive route? Surely it's the only thing in Ltd with any value.
aahhahahaha
Is that a yes then?
Unfortunately no one has any idea what value is in Ltd if any.
We also don't know the figure that Otium will attempt to purchase the shares at, meaning its pre-judgemental to state this move might not benefit the Club in the short term.
Sent from my iPhone using Tapatalk
Isn't that the same as saying "Who cares that Coventry City FC made the move to Northampton albeit temporarily?" I care..
Sent from my iPhone using Tapatalk
I get ya.
You know what they say "if you haven't got a ticket you can't win the lottery". I guess the question is, is Otium/SISU ticket going to be genuine attempt to purchase the Higgs share or is it just a paperwork exersize for their lawyers? :thinking about:
Wasn't it reported the other week that PA had recieved 3 bids for the option? There must be some value to it.
yeah, good for your mates up here, as for the Wasps fans, fuck em eh?
That means "surely your having a Giraffe"
Sent from my iPhone using Tapatalk
Does it affect Cov fans?
The petition for Cov back to the Ricoh got just over 11,000 signatures which says to me other then hardcore Cov fans were people bothered? No
No you are a million miles away with that assumption I would love the owner of my club to own as much of our ground as possible and that ownership benefits my club, but I am scared of our present owner, sisu based on their record getting their hands on anything to do with the Ricoh. Should they I don't believe a penny piece will find it's way to the team on the pitch or do you think it would ?lol rupert so scared ccfc might get a piece of the pie
OSB58 has written a few detailed reasons why it would appear very unlikely anyone would risk trying to buy a share of ACL through CCFC Ltd, basically it would cost a lot of money to settle CCFC Ltd debts, and then the offer can be turned down by Higgs and could be vetoed by Wasps.
Why? He said they'll get 745 which is much more of a "giraffe"
If I was you stick to crying about sisu out chants and how a horrible bald man almost made you cry
OSB58 has written a few detailed reasons why it would appear very unlikely anyone would risk trying to buy a share of ACL through CCFC Ltd, basically it would cost a lot of money to settle CCFC Ltd debts, and then the offer can be turned down by Higgs and could be vetoed by Wasps.
Pretty much, the "come and make us an offer" call is a farce really if can only be done through Ltd.
Surely Higgs should be able to accept an offer outside the scop of the Ltd Option?
If better than the Wasps offer, then they would surely be duty bound to accept it on behalf of the poor little kiddies of Coventry?
No one knows in the short term, long term that's a different matter.
I think that's a misconception, what about the Fans that supported our attempts throughout from various other Clubs, Arsenal, Wimbledon, etc?
Sent from my iPhone using Tapatalk
Pretty much, the "come and make us an offer" call is a farce really if can only be done through Ltd.
Surely Higgs should be able to accept an offer outside the scop of the Ltd Option?
If better than the Wasps offer, then they would surely be duty bound to accept it on behalf of the poor little kiddies of Coventry?
Funny fucker..
I just think it's inappropriate for someone to use the line "Because I am from the Trust" to justify a request..
Also I reckon ccfc4l is probably closer to his assumption than you are with respect to attendances, but that's my opinion.
Sent from my iPhone using Tapatalk
lets be honest other then cov fans no-one really cared about our position. contrary to whats been said on here, the uptake for tickets for the first game has been high. who knows what the long term future holds but i safely say the highest attendances at the ricoh this season will be the rugby not the football which will say alot
I assume you're not counting the Gillingham game?
Which brings me back to my original question. Why would Otium bid through PA? Surely it makes more sense to bid directly? So the suspicious mind I've adopted where all things SISU are concerned tells me that they have another angle.
Because if it was done directly by SISU/Otium then AEHC could simply say not interested. If it is done through the liquidator then AEHC have to consider it properly because the terms of the option agreement say they must if it comes from CCFC Ltd and they must allow CCFC Ltd to make a formal offer within a reasonable amount of time.
Similarly unless it is a much better offer then offers directly from Byng etc could just be dismissed. But then Byng etc do not own any interest in CCFC either so offers from his like are not going to help CCFC
Is that a yes then?
Whether we get half or not, still wrong to have Wasps in Coventry.
Our fans are the biggest hypocrites in the world of sport, it'll fall on deaf ears on here.
It does make me laugh how some who were morally outraged that anyone should set foot in Sixfields are not at all arsed about the Wasps take over. It seems that all they want is for SISU to burn in hell and its fine to be as duplicitous as you like as long as you agree with that.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?