The Future (1 Viewer)

skybluetony176 · Oct 11, 2014

spider_ricoh said:
Have you ever heard the phrase "closing the stable door after the horse has bolted" ?

ACL has been sold to Wasps! They'll buy up the other 50% when the 30-day period expires in which CCFC Ltd has first option - in the meantime they have the veto now so could block any bid other than their own. Won't matter what the books show - ACL is now essentially the same thing as Wasps RFC.

I'm aware of that. I'm saying that the availability of The Ricoh might not be dependant on the success of wasps. If like CCC have been saying that ACL can stand alone, if wasps fail that might be immaterial. They might still have no need to sell ACL if it turns out that it can stand alone.

Deleted member 4232 · Oct 11, 2014

There is actually people here who think Wasps would be interested in buying a football club. Hahahahaha pull the other one guys, jeez

Gazolba · Oct 11, 2014

CCFC have a minimum of 2 more years at the Ricoh with an option beyond that. By the time that is up, SISU might have sold or liquidated the club. Wasps might have decided the move was a disaster and sold to someone else. So the answer to your question about the future is "We just don't know". I'd rather SISU not own any part of the stadium. That is just asking for trouble.

Sky Blue Pete · Oct 12, 2014

Think the wasps owners are as hidden as sisu's are. Out of the frying pan into the fire here for coventrians I think. Shows to me if sisu had genuinely wanted to buy the shares in acl they could have done it

dongonzalos · Oct 12, 2014

That Guy said:
There is actually people here who think Wasps would be interested in buying a football club. Hahahahaha pull the other one guys, jeez

A consortium who own ACL might be.
You have no idea who is in that consortium

stupot07 · Oct 12, 2014

dongonzalos said:
A consortium who own ACL might be.
You have no idea who is in that consortium

Yet they don't want I continue funding wasps £3m year losses? Which is why they want the Ricoh, it was Ricoh or bust. Do you think they will want to fund our losses? Do you think they will want to invest the level of money (that they won't get back) needed to succeed?

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rupert_bear · Oct 12, 2014

The consortium is full of heavyweight moneymen apparently, I hope there are a couple of wanna be Abramovics amongst them.

stupot07 · Oct 12, 2014

rupert_bear said:
The consortium is full of heavyweight moneymen apparently, I hope there are a couple of wanna be Abramovics amongst them.

So why don't they want to fund Wasps losses? Why did they say that it was Ricoh or bust? Why didn't they come and buy the club and then the stadium in the first place?

Sounds like a bunch of IF's to me.

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rupert_bear · Oct 12, 2014

stupot07 said:
So why don't they want to fund Wasps losses? Why did they say that it was Ricoh or bust? Why did they come and buy the club and then the stadium in the first place?

Sounds like a bunch of IF's to me.

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I think they have been funding the Wasp losses for a couple of years or more but have decided to do something about it, whether that's successful we have to see. Might leave a bitter taste in a few mouths but doubt that will bother them especially if it works, it's business they will say.

wingy · Oct 12, 2014

stupot07 said:
So why don't they want to fund Wasps losses? Why did they say that it was Ricoh or bust? Why did they come and buy the club and then the stadium in the first place?

Sounds like a bunch of IF's to me.

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Yeah that and pulling the offer back by £10M.

stupot07 · Oct 12, 2014

wingy said:
Yeah that and pulling the offer back by £10M.

It's ok they're registered in Malta not the Caymans so must be legit...

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skybluericoh · Oct 12, 2014

hill83 said:
70%? Show me your workings please.

95% x 0.736842105263158 +70%

rupert_bear · Oct 12, 2014

If you look at the whole Wasp deal it is a clever one, they have got a modern stadium in the middle of the country and a catchment area covering the West Midlands, loads of rugger fans in Brum and beyond. For what £20 million, they will recoup all of that in 2015 when the sell the naming rights to whoever and as I said you can hate it all you like, moan about it forever and a day but from a business point of view it looks good to me and that's how these guys become rich

Jack Griffin · Oct 12, 2014

rupert_bear said:
The consortium is full of heavyweight moneymen apparently, I hope there are a couple of wanna be Abramovics amongst them.

I swear I heard someone on the radio say it was one rich individual?
Whoever it is it has not scared Land Rover off.. they must know, you'd have thought.

Deleted member 5849 · Oct 12, 2014

Jack Griffin said:
Whoever it is it has not scared Land Rover off.

They do employ Grendel however, so not sure their judgement would be overly popular with the majority on this board...

wingy · Oct 12, 2014

Deleted member 5849 said:
They do employ Grendel however, so not sure their judgement would be overly popular with the majority on this board...

I think this where a huge chunk of their revenue generation Is likely to come from.

Glen · Oct 12, 2014

The fire is dull and liquidation I hope

Jack Griffin · Oct 12, 2014

Glen, he speaketh in riddles

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