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Wasps do have the veto (1 Viewer)

  • Thread starter Nick
  • Start date Nov 11, 2014
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James Smith

Well-Known Member
  • Nov 11, 2014
  • #106
Grendel said:
So at the time the council wanted an unrealistic price

Its true value is about the same as the club paid for Freddie Eastwood (including wages) on a dice year contract.

A premier league stadium worth the same as a Southend journeyman.

Something is wrong somewhere.
Click to expand...

Where did the council come into this? I'm saying that we had the option for the Higgs share of ACL (at a formula price) and buying that would have given us what I listed earlier. We'd have certainly avoided being sidelined by the council being approached by Wasps. I've said all along that if we weren't carefull if someone else went into the Ricoh we'd end up at best playing second fiddle and at worst homeless.
 

Grendel

Well-Known Member
  • Nov 11, 2014
  • #107
James Smith said:
Where did the council come into this? I'm saying that we had the option for the Higgs share of ACL (at a formula price) and buying that would have given us what I listed earlier. We'd have certainly avoided being sidelined by the council being approached by Wasps. I've said all along that if we weren't carefull if someone else went into the Ricoh we'd end up at best playing second fiddle and at worst homeless.
Click to expand...

So the council veto was void at that time?

Sorry I wasn't aware of that - how did they word this in the share agreement?
 

James Smith

Well-Known Member
  • Nov 11, 2014
  • #108
Grendel said:
So the council veto was void at that time?

Sorry I wasn't aware of that - how did they word this in the share agreement?
Click to expand...

Why would the council have vetoed the deal? I'm talking in this thread about when the relationship with the council/ACL wasn't soured by the rent boycott etc. Why wouldn't they have green lit the sale to the club, the entity the stadium was built for, just after Sisu obtained the club? Or are you saying they were against SISU from the start of their tenure of owning our club?
 

italiahorse

Well-Known Member
  • Nov 11, 2014
  • #109
Grendel said:
So at the time the council wanted an unrealistic price

Its true value is about the same as the club paid for Freddie Eastwood (including wages) on a dice year contract.

A premier league stadium worth the same as a Southend journeyman.

Something is wrong somewhere.
Click to expand...

Don't forget that ACL also pay a rent for the Ricoh based on profits so it's an ongoing contribution as well to CCC.
 

mattylad

Member
  • Nov 11, 2014
  • #110
duffer said:
There's the key line - selling ACL to Wasps isn't reversible, it's done. No matter what owners CCFC gets in the future, or however nice they are compared to SISU, there's no way back from that.

Wasps have been quite clear that they want 100% of the 24/7/365 income from the Ricoh, and that's what the Council and AEHC have given them, and for 250 years.

So, CCFC now either stay as tenants with extremely limited access to further revenue streams, or they build a new stadium. I find it hard to believe that anyone who understands that could possibly be happy, unless all that actually mattered to them was that SISU lose.
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Ccc only ever wanted someone prepared to build a hotel. They often said that would be critical to them accepting a share of ownership
 
T

Tonylinc

Well-Known Member
  • Nov 11, 2014
  • #111
Wasps manage to negotiate a 2.77 mil. deal and yet Shitzu can't (a sitting tenant).....Says it all really does it not!
 
D

dongonzalos

Well-Known Member
  • Nov 11, 2014
  • #112
mattylad said:
Ccc only ever wanted someone prepared to build a hotel. They often said that would be critical to them accepting a share of ownership
Click to expand...

SISU told the council they had budgeted to build the hotel if they buy the Higgs share
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Nov 11, 2014
  • #113
mattylad said:
Ccc only ever wanted someone prepared to build a hotel. They often said that would be critical to them accepting a share of ownership
Click to expand...

Well surprie ,surprise work is going on where one of the hotels is planned,and complsory purchase orders are starting to be issued on the scrap yards:thinking about:
 

Grendel

Well-Known Member
  • Nov 11, 2014
  • #114
Tonylinc said:
Wasps manage to negotiate a 2.77 mil. deal and yet Shitzu can't (a sitting tenant).....Says it all really does it not!
Click to expand...

How do you know the council didn't ask them first?
 

italiahorse

Well-Known Member
  • Nov 11, 2014
  • #115
Grendel said:
How do you know the council didn't ask them first?
Click to expand...

The assumption was always the club would take it over so, yes.
Didn't they already have 50% before they sold it to Higgs?

No question .... they messed up.
 

James Smith

Well-Known Member
  • Nov 11, 2014
  • #116
Grendel said:
How do you know the council didn't ask them first?
Click to expand...

According to the Telegraph Lucas said on CWR on the day the deal was announced that Wasps first approached them in the summer.
 

Ian1779

Well-Known Member
  • Nov 11, 2014
  • #117
Tonylinc said:
Wasps manage to negotiate a 2.77 mil. deal and yet Shitzu can't (a sitting tenant).....Says it all really does it not!
Click to expand...

I think if the share had been offered at that price in the first instance - a deal may have been done a long while ago.

We had figures of around 5-6m bandied about a lot of the time

And who was the guy said it was going to cost £24m? Gidney perhaps (may well be wrong on the person here)
 

Ian1779

Well-Known Member
  • Nov 11, 2014
  • #118
James Smith said:
According to the Telegraph Lucas said on CWR on the day the deal was announced that Wasps first approached them in the summer.
Click to expand...

But then the Wasps guy said it was a deal 2 years in the planning... which is before the rent strike.
 

James Smith

Well-Known Member
  • Nov 11, 2014
  • #119
Ian1779 said:
But then the Wasps guy said it was a deal 2 years in the planning... which is before the rent strike.
Click to expand...

Probably was 2 years in the planning, but that doesn't mean that they approached the council at that time.
 

Grendel

Well-Known Member
  • Nov 11, 2014
  • #120
James Smith said:
According to the Telegraph Lucas said on CWR on the day the deal was announced that Wasps first approached them in the summer.
Click to expand...

What did she say on sky sports about the 50% share of Higgs?

What did she actually say about wasps contacting them?
 

skybluetony176

Well-Known Member
  • Nov 11, 2014
  • #121
Ian1779 said:
But then the Wasps guy said it was a deal 2 years in the planning... which is before the rent strike.
Click to expand...

didn't we have this the other week and it turned out that wasps had been planning to locate a permanent home for the last 2 years nothing specific about the Ricoh? Plus hasn't the guy and his hedge fund only been involved with the wasps for less than a year?
 

James Smith

Well-Known Member
  • Nov 11, 2014
  • #122
Grendel said:
What did she say on sky sports about the 50% share of Higgs?

What did she actually say about wasps contacting them?
Click to expand...

No idea what she said on Sky I don't have it. Do you subscribe and do you know?
 
Last edited: Nov 11, 2014

cloughie

Well-Known Member
  • Nov 11, 2014
  • #123
I have not read all the thread as it became tedious but some on here are completely deluded if you ever thought that sisu had a miniscule chance of buying a 50 % share after wasps had bought the other 50%

Sisu have had there chance and they blew it several times. A spectacular failure at the expense of CCFC and the fans
 

Rusty Trombone

Well-Known Member
  • Nov 11, 2014
  • #124
James Smith said:
No idea what she said on Sky I don't have it.
Click to expand...

Pretty sure she said she didn't meet with Wasps until July(ish), but the original approach would have been before then, July was when she said Council officers were saying Wasps were serious players.
 
T

Tonylinc

Well-Known Member
  • Nov 11, 2014
  • #125
The message seems clear to me.....Shitzu....your bully boy London tactics do not work here in the Midlands so f.....g well get the hell out of our City!!!!
 

Ian1779

Well-Known Member
  • Nov 11, 2014
  • #126
Tonylinc said:
The message seems clear to me.....Shitzu....your bully boy London tactics do not work here in the Midlands so f.....g well get the hell out of our City!!!!
Click to expand...

Translated to... franchises and hedge funds welcome.
 

fernandopartridge

Well-Known Member
  • Nov 11, 2014
  • #127
Tonylinc said:
The message seems clear to me.....Shitzu....your bully boy London tactics do not work here in the Midlands so f.....g well get the hell out of our City!!!!
Click to expand...

So it's NOT about a great deal for the Coventry taxpayer. Regeneration etc? At least that's clear.
 

covmark

Well-Known Member
  • Nov 11, 2014
  • #128
Tonylinc said:
The message seems clear to me.....Shitzu....your bully boy London tactics do not work here in the Midlands so f.....g well get the hell out of our City!!!!
Click to expand...
The message is clear to me. We hate London hedge funds, but we love London rugby clubs that are backed by hedge funds.
Plank!

Oh and Shitzu, fucking hell you're funny.
 

fernandopartridge

Well-Known Member
  • Nov 11, 2014
  • #129
This ridiculous idea that you can 'plan a move for 2 years' yet decide the location in the last 3 months. There really are some proper mouth-breathers on here.
 

Grendel

Well-Known Member
  • Nov 11, 2014
  • #130
covmark said:
The message is clear to me. We hate London hedge funds, but we love London rugby clubs that are backed by hedge funds.
Plank!

Oh and Shitzu, fucking hell you're funny.
Click to expand...

He is a legal expert apparantly. I assume shitzu is some Latin legal word. All well above me.
 

Grendel

Well-Known Member
  • Nov 11, 2014
  • #131
fernandopartridge said:
This ridiculous idea that you can 'plan a move for 2 years' yet decide the location in the last 3 months. There really are some proper mouth-breathers on here.
Click to expand...

I know its hilarious. All of a sudden in July someone phoned the old croak out of the blue and deal done quicker than it takes to deliver a bed from John Lewis.

There really are some thick idiots on here.

Perhaps legal tony printed the new lease off for the deal to happen so quick.
 

torchomatic

Well-Known Member
  • Nov 11, 2014
  • #132
And a spectacular victory by CCC at the expense of the fans. That's fans of Wasps, CCFC and CRFC.

cloughie said:


A spectacular failure at the expense of CCFC and the fans
Click to expand...
 

Ian1779

Well-Known Member
  • Nov 11, 2014
  • #133
Grendel said:
I know its hilarious. All of a sudden in July someone phoned the old croak out of the blue and deal done quicker than it takes to deliver a bed from John Lewis.

There really are some thick idiots on here.

Perhaps legal tony printed the new lease off for the deal to happen so quick.
Click to expand...

To be fair...in Star Wars Episode III - Anakin Skywalker turned to the dark side in about the time it took for my Domino's Pizza to arrive.

Maybe the midichlorians are strong in more than one Lucas...
 

James Smith

Well-Known Member
  • Nov 11, 2014
  • #134
fernandopartridge said:
This ridiculous idea that you can 'plan a move for 2 years' yet decide the location in the last 3 months. There really are some proper mouth-breathers on here.
Click to expand...

For the record I'm not saying that's what happened, as I have no first hand knowledge, only what has been reported. It's possible that Wasps were in contact with the council the full two years ago (or some point in between) and the council only met with them face to face this summer. If they were talking to Wasps two years ago then it just makes them even more two faced and hypocritical.
 
D

dongonzalos

Well-Known Member
  • Nov 11, 2014
  • #135
Maybe wasps have been interested for a long time and were told what the council were looking for and needed to see if they could raise the funds to do it.

Then maybe they came back to the council and said they can meet the demands.

Maybe this is when the council gave SISU the deadline of January and said they would listen to sensible offers from all parties including SISU and asked JS to get in touch.

Maybe post January when JS had not been in touch and the only offer came from wasps they pushed on with it. Even when CCFC came back temporarily (whilst building our new stadium)

Also just a guess but whatever the time frame SISU were given numerous hints that a deal was there to be had and that the council would look elsewhere if SISU did not want to do the deal
 
Last edited: Nov 11, 2014

torchomatic

Well-Known Member
  • Nov 11, 2014
  • #136
And while they were privately negotating with Wasps they were privately doing a deal for us to return too. And worst of all publically declaring they wanted to "rebuild trust".

dongonzalos said:
Maybe wasps have been interested for a long time and were told what the council were looking for and needed to see if they could raise the funds to do it.

Then maybe they came back to the council and said they can meet the demands.

Maybe this is when the council gave SISU the deadline of January and said they would listen to sensible offers from all parties including SISU and asked JS to get in touch.

Maybe post January when JS had not been in touch and the only offer came from wasps they pushed on with it. Even when CCFC came back temporarily (whilst building our new stadium)

Also just a guess but whatever the time frame SISU were given numerous hints that a deal was there to be had and that the council would look elsewhere if SISU did not want to do the deal
Click to expand...
 
Last edited: Nov 11, 2014
S

SkyblueBazza

Well-Known Member
  • Nov 11, 2014
  • #137
The SISU strategy was one of attrition. They took the battle to all other parties...& lost!


PUSB
 

skybluetony176

Well-Known Member
  • Nov 11, 2014
  • #138
dongonzalos said:
Also just a guess but whatever the time frame SISU were given numerous hints that a deal was there to be had and that the council would look elsewhere if SISU did not want to do the deal
Click to expand...

It's almost like they took advice of someone who said it's a worthless soulless concrete shithole in Holbrooks that no other party would ever be interested, there's only one show in town so abide your time for a while so you can guarantee picking it up for nothing and to stop you getting bored why don't you throw the JR so you've got the appeal to keep you entertained.
 

Mary_Mungo_Midge

Well-Known Member
  • Nov 11, 2014
  • #139
fernandopartridge said:
So it's NOT about a great deal for the Coventry taxpayer. Regeneration etc? At least that's clear.
Click to expand...

As someone who's been to the Ricoh this evening and met with and heard Nick Eastwood speaking; you're wrong. It may not be a deal that suits CCFC - that's clear, but it is part of a bigger picture that you're unaware of
 

Ian1779

Well-Known Member
  • Nov 11, 2014
  • #140
Mary_Mungo_Midge said:
As someone who's been to the Ricoh this evening and met with and heard Nick Eastwood speaking; you're wrong. It may not be a deal that suits CCFC - that's clear, but it is part of a bigger picture that you're unaware of
Click to expand...

Enighten us then....
 
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