Tim Fisher also told us that Wasps had been informed of the move prior to it becoming public and that they understood it and the reasons behind it.
What I gained from the conversation was a: this was nothing more than a legal technicality to keep the JR going b: they were developing a good working relationship with Wasps[/QUOTE
How does It protect the Clubs position as a tenant In Coventry, I fail to see It myself.
Didn't they suggest a one year deal ,subsequently two + two on our return .
That didn't appear to be securing our tenancy at the time did It.
What I gained from the conversation was a: this was nothing more than a legal technicality to keep the JR going b: they were developing a good working relationship with Wasps
The Trust was in communication with Tim Fisher this morning to get clarity about this matter and he has reassured us that this is not a totally new action but more of a legal necessity concerning the existing JR appeal. The JR focused on the legality of the loan from the council to ACL in 2013 but this loan appears to have been cancelled and a new one established in 2014 as part of the deal that has resulted in Wasps buying ACL. This legal move is intended to ensure that just because the old loan no longer exists that the new one is regarded as a replacement and is thererfore now the focus of the action. He implied it was simply a necessary legal move to ensure the continuation of the JR appeal.
my company has just let some people go. We all "understood" the reasons behind it, but are not happy about it at all.
This does nothing whatsoever to cement a positive working relationship with our new landlords.
The Wasps people are guests of CCFC Directors at today's game, so at least both parties are trying to work on a relationship.
Tim a Fisher openly wishes the Wasps all the best tomorrow.
No probs Tony - my PERSONAL view is that this move would not have been unforseen by Wasps and they knew what they were taking on. I would rather that SISU gave up on the whole JR and just left us to get on with football related matters but I am encouraged that the club see the opportunity of working in cooperation with Wasps rather than the antagonistic relationship that existed with CCC and Higgs. I am sure this move won't have endeared them to Wasps but I think it will be viewed as a minor irritant rather than a deal breaker
The appeal of the existing JR is based upon the evidence which existed upto that time.
This seems to be a new action regarding the new loan which is in place and so it is a new case which may result in another Judicial Review regarding the new loan.
Club Explains Latest Legal Action
Yesterday CCFC released a statement about the latest legal move from the clubs owners SISU. Full statement from the club is here: http://www.ccfc.co.uk/news/article/ccfc-statement-sisu-coventry-city-191214-2154793.aspx
This statement has caused a more consternation among fans about what this means, is it just yet more costly court action, will it ruin relationships with our new landlords, is it just sour grapes because they didn't get to buy the Ricoh, will it affect transfer dealings etc etc.
The Trust was in communication with Tim Fisher this morning to get clarity about this matter and he has reassured us that this is not a totally new action but more of a legal necessity concerning the existing JR appeal. The JR focused on the legality of the loan from the council to ACL in 2013 but this loan appears to have been cancelled and a new one established in 2014 as part of the deal that has resulted in Wasps buying ACL. This legal move is intended to ensure that just because the old loan no longer exists that the new one is regarded as a replacement and is thererfore now the focus of the action. He implied it was simply a necessary legal move to ensure the continuation of the JR appeal.
Tim Fisher also told us that Wasps had been informed of the move prior to it becoming public and that they understood it and the reasons behind it. He was at pains to reassure us that they had developed a very good working relationship with Wasps, were very happy with the new pitch, that Steven Pressley was absolutely delighted with the new dressing room and that they were looking at working closely with a fellow sporting organisation that understood the challenges of this type of business.
Overall the message was that this was not any sort of totally new action against the council or Wasps but more of a technical legal move to cover the fact of the rearranged loan and ensure that the JR appeal was still legally valid.
Fisher confirms this Fisher confirms that Blah blah blah !! How do any genuine City fans sit in a room with that smug lying shit without wanting to dent his face ?
More smoke and mirrors bullshit, more distraction about the reduction of the City to a mid table League 1 side at best. They continually piss over everyone's chips and people go back with their hands out for more !
And...........of course Wasps are going to be polite over this crap, it's called cold professionalism !
The Wasps people are guests of CCFC Directors at today's game, so at least both parties are trying to work on a relationship.
Tim a Fisher openly wishes the Wasps all the best tomorrow.
The Wasps people are guests of CCFC Directors at today's game, so at least both parties are trying to work on a relationship.
Tim a Fisher openly wishes the Wasps all the best tomorrow.
So to any supporters of SISUs actions and those delusional posts about them getting the RICOH hang your heads in shame and please consider the 1,000 people that are to lose their jobs due to council cut back, the closure of the school kitchens, the reduction of lollypop ladies of school crossings , library closures and the community care cuts a that see our old people left isolated with those that care for them put under unbearable pressure on very low wages and impossible working conditions.
That is the money that they are after.
Is football that important.....
I am off to CRFC this afternoon and will not return to CCFC until SISU have been sent packing
openly wishes them all the best tomorrow, the day after signing court proceedings to challenge the loan attributed to their stadium.
Makes good PR to cosy up to Wasps doesnt it ....... kind of deflects things and says no look somewhere else..... every time SISU or TF have used such tactics before they have been up to something somewhere else...
You see for me the statement from the club, the articles in the CT or Observer, the conference call by fisher raise questions not least of which is the subtle differences between them that seem to contradict.
The starting point that must be remembered is that the decision maker for SISU, CCFC and ARVO is one person. It is not Fisher or Waggott. It is and always has been Joy Seppala. In theory every decision for each entity should be viewed from the perspective of that entity, that might in theory mean a decision made for CCFC is not the best decision for SISU. JS is not a director of CCFC so in theory it can be said she doesnt make the decisions for them SW & TF do. The reality is that JS and no one else controls the purse strings at CCFC either through SISU or ARVO. So any decision that SISU makes regarding the investment project of course affects CCFC
we are told it has nothing to do with CCFC its the owners ..... but then SISU Capital issue a statement that includes this...
"This step has been taken as a precautionary measure to safeguard Coventry City FC’s position in relation to the outstanding legal appeal.". CCFC or Otium of course do not have their names on the JR documents or appeal the plaintiffs are ARVO, SBS&L and CCFC Holdings (now dissolved)
"Commercially, it is the right thing to do and is necessary to protect the club’s position as a tenant in Coventry." Commercially for who because as i understand it the club has a 2+2 year lease that safeguards its position as a tenant.
“It also ensures that all the outstanding legal action reaches its natural conclusion.” This is it really isnt it. If the loan has been repaid and a new one taken out then the claim and even the smallest chance of a pay day goes..... thats a payday for SBS&L and ARVO by the way because CCFC are not part of the original action.
My guess is that they are seeking to link the two loans if indeed there are a new and old loan from CCC, because if they dont its all over. There has been no change in the mortgage charge registered at Companies House so it appears that CCC's security is the same. The Observer article says there are new terms, the loan is now over 20 not 40 years for example - so legally does that constitute a new loan? I suspect part of the High Court case will hinge on whether the two loans are actually connected.
Is the High Court action merely an attempt to link the two because unless they are SISU lose any claim. So is there really a link to the JR claim? This does appear to me to be a new action if the loan agreed at 07/10 is viewed as a totally new loan.
I do not buy in to for one second that it is some altruistic action on behalf of the Coventry taxpayer - sorry but i find that thought total guff
I assume it is only challenging CCC or have AEHC been joined in to the action? Who has actually brought the action? SISU? if they did then it cant be linked to the JR as such because they are not plaintiffs. The Coventry Observer said this
It is understood papers were being served today at the High Court Queen's Bench division of the administrative court, separate to the Court of Appeal which would hear Sisu's judicial review appeal. Does that make it a separate action then not part of the JR? It isnt SISU's judicial review or appeal though?
Also is SISU Capital parent company - I thought they were agents for the funds involved. Certainly SISU have never been disclosed as the ultimate parent entity in any accounts I have seen
You would have to assume that CCC, AEHC and Wasps took a great deal of legal advice about the whole mechanics of this to ensure it was water tight.
This new action could simply be dismissed when it is heard before a Judge. That would be the time to really worry about the future of CCFC......
Makes good PR to cosy up to Wasps doesnt it ....... kind of deflects things and says no look somewhere else..... every time SISU or TF have used such tactics before they have been up to something somewhere else...
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