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SOMETHING ABOUT JR D (1 Viewer)

  • Thread starter wingy
  • Start date Dec 1, 2016
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W

wingy

Well-Known Member
  • Dec 1, 2016
  • #36
Nick said:
You would assume so, although is an appeal just them going and appealing it to be heard again so does it have a defence?
Click to expand...
I'm thinking overall, think there was an Initial £400k at some point but there's been a fair bit since then.
So thinking this chrystalises that?
 

oldskyblue58

CCFC Finance Director
  • Dec 1, 2016
  • #37
would think that the full amount of costs awarded to CCC have yet to be physically paid over - often sums are paid in to court or lawyers client account whilst appeals continue rather than paid over
 

Nick

Administrator
  • Dec 1, 2016
  • #38
wingy said:
I'm thinking overall, think there was an Initial £400k at some point but there's been a fair bit since then.
So thinking this chrystalises that?
Click to expand...

Didn't some get paid before for the actual JR (not appeal)? Remember some being paid.

I guess there is more to be added on since.
 
W

wingy

Well-Known Member
  • Dec 1, 2016
  • #39
Nick said:
Didn't some get paid before for the actual JR (not appeal)? Remember some being paid.

I guess there is more to be added on since.
Click to expand...
I reckon after the appeal of Hickinbottoms decision.
 

Nick

Administrator
  • Dec 1, 2016
  • #40
wingy said:
I reckon after the appeal of Hickinbottoms decision.
Click to expand...

August 2014 I can find:

A spokesman for the council said today: “The council has received the £250,000 in full from Sisu in relation to the council’s legal costs and that satisfies the court order.”
Click to expand...

Cant find much else.
 
Last edited: Dec 1, 2016
Reactions: wingy

Senior Vick from Alicante

Well-Known Member
  • Dec 1, 2016
  • #41
oldskyblue58 said:
would think that the full amount of costs awarded to CCC have yet to be physically paid over - often sums are paid in to court or lawyers client account whilst appeals continue rather than paid over
Click to expand...

One would assume its one of the fabled escrow accounts that Sisu like to use. If their is any more money to be paid out I wonder if it will be paid by Sisu or the club and will this have a direct bearing on transfer funds for January hence the fact that we have so many executive vacancys that are being dual rolled?
 

Grendel

Well-Known Member
  • Dec 1, 2016
  • #42
oucho said:
Please find where I said that and repeat it here as I do not recall saying that.
Click to expand...

Memory not what it was?

http://www.skybluestalk.co.uk/threads/mean-while-back-in-court.63132/page-40#post-1085448
 

Colin Steins Smile

Well-Known Member
  • Dec 1, 2016
  • #43
The legal teams are in danger of having to find some other work. That'll be a shock to the system after years of the SISU funded litigation.

Having said that I'm forgetting it's SISU we're writing about. I expect they are trying to find something in the ruling to challenge.
 

letsallsingtogether

Well-Known Member
  • Dec 1, 2016
  • #44
Merry Christmas everyone.
Let's hope this is it lets all go up the City to celibate
 

Nick

Administrator
  • Dec 1, 2016
  • #45
letsallsingtogether said:
lets all go up the City to celibate
Click to expand...

Is that why you are so angry? :jawdrop:
 
Reactions: Terry Gibson's perm, Captain Dart, ccfcrob and 4 others
D

Deleted member 5849

Guest
  • Dec 1, 2016
  • #46
letsallsingtogether said:
go up the City to celibate
Click to expand...

Steady on now!
 
Reactions: letsallsingtogether

Winny the Bish

Well-Known Member
  • Dec 1, 2016
  • #47
And now we get to do it all again with JR2. Unless SISU can prove that the Council rejected a much greater bid of theirs - with promises of nearly £13m in further investment like Wasps have supposedly made - is probably also dead in the water and going to be ridiculously drawn out.

So, shall we meet again in 2 years to see how that one went? CCFC will probably be in League 2 or the Conference by then.
 

letsallsingtogether

Well-Known Member
  • Dec 1, 2016
  • #48
Deleted member 5849 said:
Steady on now!
Click to expand...
Ok ok you know what I ment bloody auto correct
 

Colin Steins Smile

Well-Known Member
  • Dec 1, 2016
  • #49
skyblue93 said:
And now we get to do it all again with JR2. Unless SISU can prove that the Council rejected a much greater bid of theirs - with promises of nearly £13m in further investment like Wasps have supposedly made - is probably also dead in the water and going to be ridiculously drawn out.

So, shall we meet again in 2 years to see how that one went? CCFC will probably be in League 2 or the Conference by then.
Click to expand...
It won't be League 2 or the Conference. It''l be the Coventry & District League
 

Sky Blue Kid

Well-Known Member
  • Dec 1, 2016
  • #50
3) Sisu sought to blame the club’s financial woes on ACL, but the judge said the club sold their right to revenues at the Ricoh Arena “for good consideration”. He also pointed out that when Sisu bought the club they had “full knowledge” of the lack of revenue rights and the contractual commitment to pay ACL £1.3m-a-year in rent.

Anyone still in doubt that SISU knew all along what they "Signed up for" Torchy?
 
Reactions: colin101, cloughie and lifelongcityfan

letsallsingtogether

Well-Known Member
  • Dec 1, 2016
  • #51
Sky Blue Kid said:
3) Sisu sought to blame the club’s financial woes on ACL, but the judge said the club sold their right to revenues at the Ricoh Arena “for good consideration”. He also pointed out that when Sisu bought the club they had “full knowledge” of the lack of revenue rights and the contractual commitment to pay ACL £1.3m-a-year in rent.

Anyone still in doubt that SISU knew all along what they "Signed up for" Torchy?
Click to expand...
They never knew for ober a year after paying it for that long?
 

covmark

Well-Known Member
  • Dec 1, 2016
  • #52
oucho said:
Sounds like the court issued a statement, this wasn't a hearing.

Best result of the season!
Click to expand...
Twat!

Sent from my HTC One_M8 using Tapatalk
 

chiefdave

Well-Known Member
  • Dec 1, 2016
  • #53
MusicDating said:
Has the JR2 'officially' begun?
Click to expand...
Wasn't it put on hold until this one finished.

This can only be seen as a good result if SISU decide the game is up and leave. The alternative is they decide to procedure with JR2 which will mean they are likely to stick around for a least a couple more years.
 
Reactions: Colin Steins Smile

skybluebeduff

Well-Known Member
  • Dec 1, 2016
  • #54
I only have one reaction to this:

 
Reactions: Sky Blue Kid

jimmyhillsfanclub

Well-Known Member
  • Dec 1, 2016
  • #55
skybluebeduff said:
I only have one reaction to this:

Click to expand...

What??.....Don your lederhosen and have a cheeky left-handed alfresco wank while watching cartoons?
 

skybluebeduff

Well-Known Member
  • Dec 1, 2016
  • #56
jimmyhillsfanclub said:
What??.....Don your lederhosen and have a cheeky left-handed alfresco wank while watching cartoons?
Click to expand...
You completely lost me...
 

ccfcway

Well-Known Member
  • Dec 1, 2016
  • #57
What is JR2?

Sisu have lodged an application to challenge the terms of the deal which saw Premiership rugby club Wasps secure Ricoh Arena firm ACL in October 2014.

Wasps secured 100 per cent of the company by paying the council and Alan Edward Higgs Charity’s £2.77million each for their 50 per cent shares.

The rugby club also paid back the remainder of a £14.4million council loan to ACL and agreed an extension of the lease of the venue from 50 years to 250 years from freehold owners Coventry City Council.

This second legal challenge can get underway now the first judicial review process appears to have ended.

The aim of the legal action is not yet clear but it is likely Sisu would like to see the deal undone or for compensation to be paid for the negative impact on the football club.
................................

That's the exit plan.
 

Nick

Administrator
  • Dec 1, 2016
  • #58
How can the deal be undone?
 

skybluebeduff

Well-Known Member
  • Dec 1, 2016
  • #59
ccfcway said:
What is JR2?

Sisu have lodged an application to challenge the terms of the deal which saw Premiership rugby club Wasps secure Ricoh Arena firm ACL in October 2014.

Wasps secured 100 per cent of the company by paying the council and Alan Edward Higgs Charity’s £2.77million each for their 50 per cent shares.

The rugby club also paid back the remainder of a £14.4million council loan to ACL and agreed an extension of the lease of the venue from 50 years to 250 years from freehold owners Coventry City Council.

This second legal challenge can get underway now the first judicial review process appears to have ended.

The aim of the legal action is not yet clear but it is likely Sisu would like to see the deal undone or for compensation to be paid for the negative impact on the football club.
................................

That's the exit plan.
Click to expand...
SISU have had a negative impact on mine and the rest of CCFC fans lives, can we sue them?
 
Reactions: colin101, lifelongcityfan and Sky Blue Kid

torchomatic

Well-Known Member
  • Dec 1, 2016
  • #60
oldskyblue58 said:
would think that the full amount of costs awarded to CCC have yet to be physically paid over - often sums are paid in to court or lawyers client account whilst appeals continue rather than paid over
Click to expand...

I'm sure Gilbert would have told us if not!
 

torchomatic

Well-Known Member
  • Dec 1, 2016
  • #61
ccfcway said:
What is JR2?

Sisu have lodged an application to challenge the terms of the deal which saw Premiership rugby club Wasps secure Ricoh Arena firm ACL in October 2014.

Wasps secured 100 per cent of the company by paying the council and Alan Edward Higgs Charity’s £2.77million each for their 50 per cent shares.

The rugby club also paid back the remainder of a £14.4million council loan to ACL and agreed an extension of the lease of the venue from 50 years to 250 years from freehold owners Coventry City Council.

This second legal challenge can get underway now the first judicial review process appears to have ended.

The aim of the legal action is not yet clear but it is likely Sisu would like to see the deal undone or for compensation to be paid for the negative impact on the football club.
................................

That's the exit plan.
Click to expand...

Can't argue with that, I don't think. We, in theory, had first refusal but never stood a chance. ACL were always going to sell to Wasps.
 
Last edited: Dec 1, 2016
Reactions: Ian1779, Skyblueweeman and stupot07

RegTheDonk

Well-Known Member
  • Dec 1, 2016
  • #62
ccfcway said:
........Sisu would like to see the deal undone or for compensation to be paid for the negative impact on the football club.
Click to expand...
Flip me! Ten years of mis-management, crowds halfed, virtually no assets, relegation and struggling in the lower leagues....and THEY go on about negative impact?? We should be suing THEM!
 
Reactions: cloughie, lifelongcityfan, Terry Gibson's perm and 3 others

chiefdave

Well-Known Member
  • Dec 1, 2016
  • #63
Nick said:
How can the deal be undone?
Click to expand...
It can't. If SISU were to somehow win JR2 they would go for compensation for a huge amount.
skybluebeduff said:
SISU have had a negative impact on mine and the rest of CCFC fans lives, can we sue them?
Click to expand...
Yes you can.
 
A

Ashdown

Well-Known Member
  • Dec 1, 2016
  • #64
I would say if SISU now push on with this JR2 bullshit and are likely to be still here in 2 years...........attracting players in January for peanuts, falling casual support and a collapse in ST numbers will ensue. They will be able to cut costs further soon and just open the corporate stand or failing that as I think 'Otis' suggested the 4000 capacity at the BPA would be sufficient for their fucked up club whilst they pursue a bit of compo at our expense !
 
Reactions: Sky Blue Kid and montydon87

torchomatic

Well-Known Member
  • Dec 1, 2016
  • #65
chiefdave said:
Yes you can.
Click to expand...

Can I kick it?
 
Reactions: James Smith, duffer, sw88 and 2 others

skybluebeduff

Well-Known Member
  • Dec 1, 2016
  • #66
chiefdave said:
It can't. If SISU were to somehow win JR2 they would go for compensation for a huge amount.

Yes you can.
Click to expand...
Instead of future protests, lets all sue them together then instead
 
Reactions: montydon87

torchomatic

Well-Known Member
  • Dec 1, 2016
  • #67
Ashdown said:
I would say if SISU now push on with this JR2 bullshit and are likely to be still here in 2 years...........attracting players in January for peanuts, falling casual support and a collapse in ST numbers will ensue. They will be able to cut costs further soon and just open the corporate stand or failing that as I think 'Otis' suggested the 4000 capacity at the BPA would be sufficient for their fucked up club whilst they pursue a bit of compo at our expense !
Click to expand...

And then the world ends.
 
Reactions: stupot07
R

rupert_bear

Well-Known Member
  • Dec 1, 2016
  • #68
Was wondering, could this be an opportunity for any interested party, if there is one, to move in with a bid for the football club and be public about it. As I see it sisu are in a spot, they may talk big but with this JR1 seemingly dead in the water they either cling on to this JR2 which they surely have doubts about now or continue to bleed money by hanging on to our football club, or is it simply a woman scorned scenario with our Joy.
 

ccfcway

Well-Known Member
  • Dec 1, 2016
  • #69
Ashdown said:
I would say if SISU now push on with this JR2 bullshit and are likely to be still here in 2 years...........attracting players in January for peanuts, falling casual support and a collapse in ST numbers will ensue. They will be able to cut costs further soon and just open the corporate stand or failing that as I think 'Otis' suggested the 4000 capacity at the BPA would be sufficient for their fucked up club whilst they pursue a bit of compo at our expense !
Click to expand...

and all along, the claim for compo increases
 
D

dongonzalos

Well-Known Member
  • Dec 1, 2016
  • #70
ccfcway said:
What is JR2?

Sisu have lodged an application to challenge the terms of the deal which saw Premiership rugby club Wasps secure Ricoh Arena firm ACL in October 2014.

Wasps secured 100 per cent of the company by paying the council and Alan Edward Higgs Charity’s £2.77million each for their 50 per cent shares.

The rugby club also paid back the remainder of a £14.4million council loan to ACL and agreed an extension of the lease of the venue from 50 years to 250 years from freehold owners Coventry City Council.

This second legal challenge can get underway now the first judicial review process appears to have ended.

The aim of the legal action is not yet clear but it is likely Sisu would like to see the deal undone or for compensation to be paid for the negative impact on the football club.
................................

That's the exit plan.
Click to expand...

Do you think they have been advised that this compensation will be bigger at the point it us agreed if they still own the club?
 
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