Wasps deal is for 100% of ACL (2 Viewers)

[SimonGilbert]

Wasps target 100% of Ricoh Arena firm and 250 year lease as councillors remain locked in talks http://www.coventrytelegraph.net/ne...y-councillors-locked-late-night-talks-7892923


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[Evo1883]

250 year lease , fook a duck

 

[Deleted member 5849]

250 year lease , fook a duck

i.e. ownership

 

[Evo1883]

i.e. ownership

I have this ridiculous hope in me that this consortium will aquire ccfc down the line , i really should learn

 

[stupot07]

i.e. ownership

That would be a disaster for us. Sisu won't be here forever, but we'll likely never get a stake in the stadium for a lifetime.

People moan about lack of ambition now, just think how depressing it will be playing in a stadium with yellow seats, feeling even more like tenants than we do now.


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[stupot07]

I have this ridiculous hope in me that this consortium will aquire ccfc down the line , i really should learn

I would stop hoping, really can't see that happening.


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[Rusty Trombone]

i.e. ownership

Ownership of a lease.

 

[Evo1883]

I honestly dont see how it would be good business sense to continue with the "london" part of the name , for example it would be extremely offputting for anybody in the midlands to support this team , as im guessing they will be hoping on future generations of local support .
midland wasps would make geographical and business sense

 

[dongonzalos]

It's exactly the deal SISU should be after!!

 

[dongonzalos]

Lets hope they get their arses into gear we a counter offer.

 

[covmark]

That would be a disaster for us. Sisu won't be here forever, but we'll likely never get a stake in the stadium for a lifetime.

People moan about lack of ambition now, just think how depressing it will be playing in a stadium with yellow seats.


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Totally agree. All concert revenue, conference revenue etc will be going to an out of town rugby team, when in reality, that should be what the football club is tapping into.

 

[dongonzalos]

I honestly dont see how it would be good business sense to continue with the "london" part of the name , for example it would be extremely offputting for anybody in the midlands to support this team , as im guessing they will be hoping on future generations of local support .
midland wasps would make geographical and business sense

They dropped the London part at the start of this season I believe

 

[Gynnsthetonic]

Ideally for me SISU realise they are on a no winner and sell, for a minimum price and new owners come in and council accommodate CCFC in a new stadium built near the city centre, FuCk the Ricoh been a disaster from day 1.

 

[stupot07]

I honestly dont see how it would be good business sense to continue with the "london" part of the name , for example it would be extremely offputting for anybody in the midlands to support this team , as im guessing they will be hoping on future generations of local support .
midland wasps would make geographical and business sense

They dropped "London" this summer, they're now Wasps.


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[Seaside-Skyblue]

It gets worse by the day supporting city. I'm 24, I can't spend another 50 years going through this!

 

[Frisky blue]

That would be a disaster for us. Sisu won't be here forever, but we'll likely never get a stake in the stadium for a lifetime.

People moan about lack of ambition now, just think how depressing it will be playing in a stadium with yellow seats, feeling even more like tenants than we do now.


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I heard that sisu were not interested in the Ricoh, and had moved on, so what does it matter?
We are going nowhere but down with sisu, but just maybe, this consortium is interested in buying Coventry City, it could just happen. If not, sisu are moving us to a new stadium according to Rob S.

:thinking about:

 

[stupot07]

So £30m for 100% and 250 years, so £120k per annum for 100% of £60k per annum for 50%.

Sisu offered what £5m initially for 50% over 42 years lease remaining with loan in place. £60k x42 =£2.5m.


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[Nick]

So the money has stayed the same but the % has gone up? I like their style?

Is there much difference between 250 years and Freehold?

 

[stupot07]

I heard that sisu were not interested in the Ricoh, and had moved on, so what does it matter?
We are going nowhere but down with sisu, but just maybe, this consortium is interested in buying Coventry City, it could just happen. If not, sisu are moving us to a new stadium according to Rob S.

:thinking about:

Of course it matters, sisu won't be here forever.

Why would this consortium want to buy 2 loss making sports clubs, who both struggle to attract decent attendances?


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[Nick]

So £30m for 100% and 250 years, so £120k per annum for 100% of £60k per annum for 50%.

Sisu offered what £5m initially for 50% over 42 years lease remaining with loan in place. £60k x42 =£2.5m.


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Got to remember that won't be like 30 million cash either.

Is this such a good deal for the "Tax Payer"?

 

[dongonzalos]

So £30m for 100% and 250 years, so £120k per annum for 100% of £60k per annum for 50%.

Sisu offered what £5m initially for 50% over 42 years lease remaining with loan in place. £60k x42 =£2.5m.


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Then they offered 2 million

 

[Rusty Trombone]

So £30m for 100% and 250 years, so £120k per annum for 100% of £60k per annum for 50%.

Sisu offered what £5m initially for 50% over 42 years lease remaining with loan in place. £60k x42 =£2.5m.


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They probably wish they had carried on with the purchase now.

 

[Nick]

Then they offered 2 million

Wasn't that cash though? Well I say cash, like all in one go?

 

[Rusty Trombone]

Got to remember that won't be like 30 million cash either.

Is this such a good deal for the "Tax Payer"?

is it such a bad one?

 

[Nick]

is it such a bad one?

I personally don't think it will make a difference to the average Joe tax payer if they sold it for £1 or £100 million, that's why I put it in speech marks as all we hear about is the tax payer.

When SISU were going to buy it the tax payer was the most important person in the world, couldn't possibly let them lose out.

 

[wingy]

They probably wish they had carried on with the purchase now.

Did the sums at the time ,It was peanuts plus interest.




Edit ;- In fact should have affordable before or when we moved in .

 

[dongonzalos]

Wasn't that cash though? Well I say cash, like all in one go?

I don't know to be honest.

 

[Jack Griffin]

Wasn't that cash though? Well I say cash, like all in one go?

So?

 

[Rusty Trombone]

I personally don't think it will make a difference to the average Joe tax payer if they sold it for £1 or £100 million, that's why I put it in speech marks as all we hear about is the tax payer.

When SISU were going to buy it the tax payer was the most important person in the world, couldn't possibly let them lose out.

If I'd typed tax payer I would definitely have also used speech marks, so we're even there.

Just giving a bit of balance Nick, I know you like a bit of balance.

 

[Nick]

Nobody seems to be that fussed about the Children's charity either. Will they be getting all of their money? The CET haven't confirmed it and keep saying they are unsure.

All about the balance btw

 

[Jack Griffin]

Nobody seems to be that fussed about the Children's charity either. Will they be getting all of their money? The CET haven't confirmed it and keep saying they are unsure.

All about the balance btw

They can veto any deal they don't want.

 

[dongonzalos]

Nobody seems to be that fussed about the Children's charity either. Will they be getting all of their money? The CET haven't confirmed it and keep saying they are unsure.

All about the balance btw

I didn't like that line and it has still not been clarified.
I presume the charity have to say yes to selling their share to the council.
So they must be happy with the amount they recoup

 

[Rusty Trombone]

Nobody seems to be that fussed about the Children's charity either. Will they be getting all of their money? The CET haven't confirmed it and keep saying they are unsure.

All about the balance btw

I'm as fussed as I was before, I hope they get as much as they are happy with. They can't be forced into selling their share so I imagine they must be ok with the sale.

They were happy to sell for a £1m loss before, I know that's not a lot to the likes of me and you, but for some people that's a big discount.

 

[Nick]

Remember those cars councillors used to have with loud speakers and they would drive round saying vote for me, vote for me. If only we could hijack one of those, or tip it over or something. That would be a good protest.

 

[The CableGuy]

Lets hope they get their arses into gear we a counter offer.

They've had years to do that.