Nick
Administrator
That would be a massive IF and it would also mean there was wrong doing.
I don't think the sale can be reversed.
Well, I think that's easy nick surely! IF......... big IF, SISU are actually successful in the court cases that CCC illegally sold the ricoh to the outsiders, not only would CCC be in for a whipping, but where does that leave the owners of the stadium? Still owners? Surely not as it was ill gotten gains! (IF they're successful)!
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No more sit ins, more like run ons! We'll keep running on your pitch until a)you agree to an extension or b) you fuck of back to London!This is an absolute joke. The pitch was 99% fucked before any fan set foot on there.
Still, forgetting that it's us being charged for a moment, it looks like we've found a weakness out for Wasps.
Well, I think that's easy nick surely! IF......... big IF, SISU are actually successful in the court cases that CCC illegally sold the ricoh to the outsiders, not only would CCC be in for a whipping, but where does that leave the owners of the stadium? Still owners? Surely not as it was ill gotten gains! (IF they're successful)!
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Surely IF it was an illegal sale it has to be reversed!That would be a massive IF and it would also mean there was wrong doing.
I don't think the sale can be reversed.
Surely IF it was an illegal sale it has to be reversed!
If you bought a phone in the pub and it turns out it was stolen, would the old bill allow you to keep it?!?! Why should something like this be different?
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This is an absolute joke. The pitch was 99% fucked before any fan set foot on there.
Still, forgetting that it's us being charged for a moment, it looks like we've found a weakness out for Wasps.
REVEALED: Wasps’ Ricoh Arena charges Coventry City for pitch repairs due to fans’ Wembley celebration
Interesting, it was an absolute mess before the game started and for weeks leading up to it.
No, tbf I'm just assuming and you know what happens when we assume?I'm no expert, but I don't think it would be as extreme as that.
Dont the FL monitor the pitch condition each game?
And their managerThere could be 11000 witnesses at the Court then?
Wouldn't the ref look at it and report back?Dont the FL monitor the pitch condition each game?
Well, I think that's easy nick surely! IF......... big IF, SISU are actually successful in the court cases that CCC illegally sold the ricoh to the outsiders, not only would CCC be in for a whipping, but where does that leave the owners of the stadium? Still owners? Surely not as it was ill gotten gains! (IF they're successful)!
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He quoted me I think!Well, if it was all illegal then we should be thankful for British Justice. And surely, Wasps should be fairly confident that it was all lebal and above board.
And, I'm not Nick.
He quoted me I think!
Haha sorry! Speaking to 2 people at the same time never was my strong pointWell, if it was all illegal then we should be thankful for British Justice if JR2 is successful. And surely, Wasps should be fairly confident that it was all legal and above board.
And, I'm not Nick.
Actually it was nick I was talking to!Well, if it was all illegal then we should be thankful for British Justice if JR2 is successful. And surely, Wasps should be fairly confident that it was all legal and above board.
And, I'm not Nick.
Why is it denominated in euros? Are they importing the lamps?
JR2 only relates to the 50% sold by Coventry City Council so it leaves Wasps with at least 50% of the stadium.
The purpose of JR2 is to investigate the CCC actions, going to be hard to force Wasps out if they acted in good faith. It would be CCC that would bear the brunt of any financial circumstances.
Say the total share sale was undervalued by 5m then how do you get Wasps to pay that if they acted in good faith. Not to mention the CCC arguing that the other benefits gained in their opinion of Wasps being here were adding worth to what Coventry got from the deal.
Surprised that a few fans could cause that much damage to a poor pitch. Making operational matters public really doesn't help the relationship. Unless it was in the contract then I would be saying sorry but no
Does the 250 year stuff not come into it also?
They can argue the value of the 200 year extension. By anyone's estimation £5K a year is a long way from the £500K a year charged for the original lease.take away the 250 year extension and the original lease remains owned by ACL who are owned by Wasps. I think if they are claiming that the 250 year lease should be offered to the public then it is a nonsense because only ACL can extend the lease while ACL own the original lease.
There's a document on the CCC website somewhere that states the value of the freehold increases greatly as the lease comes to an end, that was referring to the original lease. You could therefore make an argument that any lease extension being sold at this point should at least match that projected future value to ensure best return to the taxpayer.Is there an open market value to a lease extension that cannot actually be offered to the open market?
Why does the legal action with CCC threaten "their money"?
Straight away it will be costing them time money and effort reviewing it legally.
In the future it presents a risk. If inthe unlikely event SISU win. An unlikely remedy option for ajudge isthe contract length if the lease 40 years to 250 and the ability to reverse the decision by a public entity namely the council.
Pressure SISU to drop the legal action = no risk
There is no legal action against WASPS is there?
Do you believe Wasps have not paid lawyers to review what implications this legal action has for them?
Do you believe that there are no remedy options available to the Judge if SISU won that could adversely affect them?
Do you believe Wasps have not paid lawyers to review what implications this legal action has for them?
Do you believe that there are no remedy options available to the Judge if SISU won that could adversely affect them?
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