Broken Hearted Sky Blue
Well-Known Member
Scrap yard area so I've been informed at least one of them.
Thats interesting, which businesses?
I think this has now been posted about 50 times so I'm obviously talking to a wall but one last attempt.
The vast vast majority of people who had a moral problem with the move to sixfields was not because they were terribly angry about franchise sport, it was because they were terribly angry about our football club being moved 35 miles away despite it being extreamly clearly against the clubs best interests in order to distress a company owned by coventry council and a coventry charity so that the hedge fund owners could obtain the stadium on the cheap.
It was not and is not hypocrisy to be furiously against the move to sixfields and yet not be outraged about the wasps situation.
Would be logical I suppose. The second 'test' set out by Cllr Taylor way back when was any owner would have to promise to use the Ricoh Arena to regenerate the north of Coventry.
Cllr Taylor set out four tests which potential buyers would have to pass before the arena was sold.
First, investors wanting to buy the Sky Blues and the arena would have to show their deal was agreed by both the football club and its bank, the Co-operative Bank.
Secondly, they'd have to promise to use the Ricoh Arena to regenerate the north of Coventry.
Thirdly, the new investor would have to bring extra management expertise and strength to running both the club and the venue.
Lastly, they'd have to show they'd enough money to do a deal which didn't short-change the joint owners of the Ricoh Arena.
The tests in full, btw.
The second was always one that I personally was never keen on. Still not sure why we tried to handicap our club by insisting it does work that is not the responsibility of a football club.
Wonder if Wasps satisfied the third test
Perhaps they thought two out of three aint bad
You took the words right out of my mouth.
When have wasps bought from Alan Higgs charity before?
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
You accept both and continue to negotiate in good faith like grown up business people.
You do realize if Sisu got it they'd be out of here like a bat out of hell.
The Higgs investment was to bail CCFC out when it needed some money.
They'd do anything for the Ricoh but they won't do that.
They'd do anything for the Ricoh but they won't do that.
You mean pay money
I don't know. Lawyers don't work for free
Who got the money, CCFC or ??
I seem to remember that the joint venture agreement was changed as part of the council buying out the mortgage.
It would not be unreasonable to ask for details of the changes.
As you say: The club have only one shot at getting the bid right.
And even if they do log 'the right bid', there's nothing to suggest that Higgs are bound to accept it.
Got a reference for that God.
I just don't understand why they (Sisu) are going through all of this hassle.
(I) They've moved on and are building a new stadium, details of which will be announced as soon as they are available so why would they want half a share in a stadium they they don't want?
(2) If they only own 50% of ACL they they won't have ALL of the revenues etc for 365 days of the year which I thought that was a pre-requisite for the new stadium.
Who got the money, CCFC or ??
according to the ccfc accounts NW the money was paid to CCFC group who in part used it to repay certain directors loans that were due for payment, those directors then relent the money back to CCFC
One question ?
Will probably need an Accountant to Answer ,should Otium succeed with a bid ,how would the debt structure within the Club load Into the new ACL ?
I think a better question would be how would the ACL debt structure affect CCFC?
Is that a showstopper ?
Oldfiver.
Would the Projected naming rights available to a Premier rugby club Virtually secure ACL??
Was it ever confirmed (proper, proper like) that the Cov Observer's claim the Ricoh deal had been extended until 2025 was incorrect?
Dunno, ask Robo
It has been completed and is not reliant on anything else - confirmed by the council.
and still Fisher is spouting his "we will build a new stadium" shit, the bloke is a deluded fooker:jerkit:
Was it ever confirmed (proper, proper like) that the Cov Observer's claim the Ricoh deal had been extended until 2025 was incorrect?
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