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Wasps bid for Ricoh Arena valued at £30million (1 Viewer)

  • Thread starter SimonGilbert
  • Start date Oct 2, 2014
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skybluetony176

Well-Known Member
  • Oct 2, 2014
  • #141
Grendel said:
What are you on about? Higgs will almost certainly not get anywhere near that price.
Click to expand...

As you said that the Ricoh was worthless and nobody else would possibly be interested I'm not going to take your word for it. Besides I'm not stating they will.
 

Ian1779

Well-Known Member
  • Oct 2, 2014
  • #142
So when Higgs get next to nothing will that be OK as it's just business?
 
L

Limey

Well-Known Member
  • Oct 2, 2014
  • #143
We and the CT seem to know NOTHING about the clubs position in this yet. Until we do its almost impossible to make a call on this as CCFC supporters, no? I'm just hoping that there will be some long, long overdue good news for us at the end of this :s
 

skybluetony176

Well-Known Member
  • Oct 2, 2014
  • #144
Rob S said:
Just to re-iterate...

The £30m could easily be along the lines of £14.4m loan, £12m naming rights & £3.6m left for Higgs & CCC. We have no idea about the individual numbers so it's not really worth trying to extrapolate what equity etc. is from 'worth £30m' as it is such a general figure.
Click to expand...

IIRC Rob you mentioned last week that you were hoping to meet with senior CCFC/SISU people by the end of this week. Did you have any joy (no pun intended) with this?
 

stupot07

Well-Known Member
  • Oct 2, 2014
  • #145
Limey said:
We and the CT seem to know NOTHING about the clubs position in this yet. Until we do its almost impossible to make a call on this as CCFC supporters, no? I'm just hoping that there will be some long, long overdue good news for us at the end of this :s
Click to expand...

We can make the judgement that moving a club 75 miles is wrong. We can make the judgement that I will have a negative effect on both cov rugby club and us.


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 

RegTheDonk

Well-Known Member
  • Oct 2, 2014
  • #146
stupot07 said:
It is interesting though, most of us thought that the first option clause had been defunct by the breaking of the lease
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I thought that was the case too stu.

Could ACL be wound up, breaking the lease with the club, and a new company formed to run the stadium? Would that null the current rent deal? Painfully ironic, sounds a bit like CCFC Limited and CCFC Holdings.

We're debating the cost of whats being sold etc. I can't get my head around that and, to be frank, does it really matter at this point? I'm more concerned with the bottom line - what does this mean for the club? What is SISUs next step, should this deal go through? We have always thought the Ricoh was the prize they craved. If that goes out of the window, would they have to sell at a big loss? Or liquidate?

Worrying times, YET AGAIN.
 

hill83

Well-Known Member
  • Oct 2, 2014
  • #147
Not sure why but I'm not bothered about this whichever way it goes.
 

Sick Boy

Super Moderator
  • Oct 2, 2014
  • #148
Limey said:
We and the CT seem to know NOTHING about the clubs position in this yet. Until we do its almost impossible to make a call on this as CCFC supporters, no? I'm just hoping that there will be some long, long overdue good news for us at the end of this :s
Click to expand...

We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.
 

M&B Stand

Well-Known Member
  • Oct 2, 2014
  • #149
spider_ricoh said:
How could this jeopardise our tenancy long term? It can't really, we screwed up our secure lease so can't moan anyway.

On the basis of what's good for the the public purse, CCC councillors HAVE to say Yes, otherwise it is dereliction of their statutory duty. Unless SISU bid up and ruin themselves, they are out of the running for the Ricoh (providing Wasps get the funding). This is best news ever.
Click to expand...

spider_ricoh said:
Course it is good news at means SISU will feck off
Click to expand...


Claiming it to be good for the public purse, yet admitting it's about getting rid of owners you don't like


**since 2013
 

Grendel

Well-Known Member
  • Oct 2, 2014
  • #150
skybluetony176 said:
As you said that the Ricoh was worthless and nobody else would possibly be interested I'm not going to take your word for it. Besides I'm not stating they will.
Click to expand...

They are likely to be paying £3 - £7 million for the lot -- so Sisu weren't that wrong were they?
 

hill83

Well-Known Member
  • Oct 2, 2014
  • #151
Sick Boy said:
We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.
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For me, and this is totally hypocritical, I don't give a shit about rugby.
 
J

Jack Griffin

Guest
  • Oct 2, 2014
  • #152
oldskyblue58 said:
Lets just hope there is some way that CCFC can get some long term security and a viable future at the stadium ..... it is still possible even if ACL are sold
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I hope and expect so.. I reckon there will be trouble if there are no guarantees.
 

Nick

Administrator
  • Oct 2, 2014
  • #153
Grendel said:
They are likely to be paying £3 - £7 million for the lot -- so Sisu weren't that wrong were they?
Click to expand...

That is the way I read OSB's estimate. (I know it is an estimate by the way) that they would be paying £7 million for it. (as in physically handing over £7 million)
 

skybluetony176

Well-Known Member
  • Oct 2, 2014
  • #154
Grendel said:
They are likely to be paying £3 - £7 million for the lot -- so Sisu weren't that wrong were they?
Click to expand...

Didn't you just say that they wouldn't get anywhere near £7M now you're saying they could. You seem confused. Do you know what day of the week it is? Perhaps you best go and lay down for a while.
 

Grendel

Well-Known Member
  • Oct 2, 2014
  • #155
skybluetony176 said:
Didn't you just say that they wouldn't get anywhere near £7M now you're saying they could. You seem confused. Do you know what day of the week it is? Perhaps you best go and lay down for a while.
Click to expand...

You idiot - its £7 million for 90%
 

Nick

Administrator
  • Oct 2, 2014
  • #156
Sick Boy said:
We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.
Click to expand...

Facts are not welcome!
 

Nick

Administrator
  • Oct 2, 2014
  • #157
Grendel said:
You idiot - its £7 million for 90%
Click to expand...

Add a note that it is just a guesstimate!
 

RegTheDonk

Well-Known Member
  • Oct 2, 2014
  • #158
Grendel said:
You idiot - its £7 million for 90%
Click to expand...

In fairness G, that is splitting hairs a bit
 

Kneeza

Well-Known Member
  • Oct 2, 2014
  • #159
Sick Boy said:
We know that a rugby club could be franchised and moved to Coventry. I am shocked that there isn't more outrage on here.
Click to expand...

They've (Wasps supporters) already been moved to Loftus Road (only six miles admittedly) and then nearly 30 miles to Adams Park. Wasps know that their fans will just suck it up or vote with their feet.
 

sky blue john

Well-Known Member
  • Oct 2, 2014
  • #160
Grendel said:
You idiot - its £7 million for 90%
Click to expand...

If its really that little it makes your buddies at Sisu HQ right mugs does it not ?
 
J

Jack Griffin

Guest
  • Oct 2, 2014
  • #161
skybluetony176 said:
Looks to me that SISU have really fucked up and fucked us over in the process.
Click to expand...

This I think is one thing that I doubt anyone can disagree with.
 

Grendel

Well-Known Member
  • Oct 2, 2014
  • #162
RegTheDonk said:
In fairness G, that is splitting hairs a bit
Click to expand...

The Higgs Share is we are told £6.5 million. We have no idea what they are getting back from the sale as its going to be a confidential arrangement. The net purchase price for 90% is likely to be between the values stated and so a lot nearer to the sisu figure that was offered.
 

Grendel

Well-Known Member
  • Oct 2, 2014
  • #163
Jack Griffin said:
This I think is one thing that I doubt anyone can disagree with.
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Looks to me that the Council seriously don't give a fuck about Sport in Coventry. I imagine even you are hanging your head in shame aren't you Council Jack?
 

Nick

Administrator
  • Oct 2, 2014
  • #164
Kneeza said:
They've (Wasps supporters) already been moved to Loftus Road (only six miles admittedly) and then nearly 30 miles to Adams Park. Wasps know that their fans will just suck it up or vote with their feet.
Click to expand...

Ah fuck them, makes it ok then
 

Grendel

Well-Known Member
  • Oct 2, 2014
  • #165
sky blue john said:
If its really that little it makes your buddies at Sisu HQ right mugs does it not ?
Click to expand...

It seems only you, Tony, Council Jack and Schmee are clinging to the council driftwood. Who next to jump ship?
 

Otis

Well-Known Member
  • Oct 2, 2014
  • #166
Grendel said:
Looks to me that the Council seriously don't give a fuck about Sport in Coventry. I imagine even you are hanging your head in shame aren't you Council Jack?
Click to expand...

It's like a 'We are Millwall, no-one likes us' moment.
 

Nick

Administrator
  • Oct 2, 2014
  • #167
sky blue john said:
If its really that little it makes your buddies at Sisu HQ right mugs does it not ?
Click to expand...

If you are quoting that IF it was 7 million being handed over for 90% would make SISU look like mugs, it doesn't really as it means they weren't far off if they were to pay 2 million up front for Higgs and would have been majorly over paying if they paid 5.5 million.

However, if it IS only 7 million being paid they should get to the bank to ask for a loan
 

skybluetony176

Well-Known Member
  • Oct 2, 2014
  • #168
Grendel said:
You idiot - its £7 million for 90%
Click to expand...

That's a fact is it? Didn't you state that SISI deliberately lost the JR to continue the distressing of ACL just before they started giving them money to rent again?

Like me you know nothing for sure. We're all talking what ifs. Only you're trying to pass your what ifs as fact.
 

Grendel

Well-Known Member
  • Oct 2, 2014
  • #169
skybluetony176 said:
That's a fact is it? Didn't you state that SISI deliberately lost the JR to continue the distressing of ACL just before they started giving them money to rent again?

Like me you know nothing for sure. We're all talking what ifs. Only you're trying to pass your what ifs as fact.
Click to expand...

I did post an estimate of this figure. What did you think of OSB's response?
 

torchomatic

Well-Known Member
  • Oct 2, 2014
  • #170
How did you manage to change your username?

wasps_ricoh said:
How could this jeopardise our tenancy long term? It can't really, we screwed up our secure lease so can't moan anyway.

On the basis of what's good for the the public purse, CCC councillors HAVE to say Yes, otherwise it is dereliction of their statutory duty. Unless SISU bid up and ruin themselves, they are out of the running for the Ricoh (providing Wasps get the funding). This is best news ever.
Click to expand...
 

skybluetony176

Well-Known Member
  • Oct 2, 2014
  • #171
Grendel said:
It seems only you, Tony, Council Jack and Schmee are clinging to the council driftwood. Who next to jump ship?
Click to expand...

Clinging to council driftwood FFS. Show me a post where I've praised the council for this.

Stop making shit up to cause divisions that aren't there just so you can continue to talk about the council.
 

Nick

Administrator
  • Oct 2, 2014
  • #172
skybluetony176 said:
That's a fact is it? Didn't you state that SISI deliberately lost the JR to continue the distressing of ACL just before they started giving them money to rent again?

Like me you know nothing for sure. We're all talking what ifs. Only you're trying to pass your what ifs as fact.
Click to expand...

Nobody has said it is fact, it is all guesstimates.
 

skybluetony176

Well-Known Member
  • Oct 2, 2014
  • #173
Grendel said:
I did post an estimate of this figure. What did you think of OSB's response?
Click to expand...

It was hypothetical and he clearly pointed that out. Unlike you with your estimated facts.
 

Grendel

Well-Known Member
  • Oct 2, 2014
  • #174
skybluetony176 said:
It was hypothetical and he clearly pointed that out. Unlike you with your estimated facts.
Click to expand...

Oh dear -- you going to the protest Tuesday?
 

sky blue john

Well-Known Member
  • Oct 2, 2014
  • #175
Grendel said:
Oh dear -- you going to the protest Tuesday?
Click to expand...

What's there to protest about we are back at the Ricoh ?
Well that's all the majority of fans were bothered about.
 
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