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Wasps in talks to takeover Ricoh (1 Viewer)

  • Thread starter SimonGilbert
  • Start date Sep 18, 2014
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Skyblueweeman

Well-Known Member
  • Sep 20, 2014
  • #596
Ian1779 said:
They are hardly in condemnation of the move are they?
Click to expand...

If you owned a property and the tenants weren't committing long term or wanting to buy it, you'd seek alternatives right?

As much as I dislike the situation, strategically, it's a correct one for ACL.
 
R

rupert_bear

Well-Known Member
  • Sep 20, 2014
  • #597
Well after thinking about this apparent Wasps taking a controlling interest in the Ricoh I will be totally for us the football club sharing with a major Rugby club. A controlling interest is 51% leaving 49% up for grabs, that's a lot more than our football club get now for a start. Wasps are financed indirectly by the Tata group, so why not our football club eventually ? .I believe these negotiations have been going on for a while and probably ready for official disclosure. Sharing a ground with rugby clubs is happening all over the place so I have no problem with that. Major league rugby has heavy Sky financial backing and is highly successful. As for "what about Cov Rugby Club" listening on CWR to their boss Peter Rossborugh he seemed quite happy with the prospect of a Cov/Wasps alliance. I'll make it quiet clear I want sisu gone completely from my football club, apart from the Sixfields farce since they have been at the helm we have been relegated, gates dropped 30%+, major assets sold and no serious player investment, 3 I believe deliberate transfer embargos, a debt of £69million, a troop of various directors, c.e.o's,etc,etc. spouting garbage, spinning stories and treating us supporters with contempt, as a fan I am ready to see what somebody else has to offer and take the chance, seemed to of worked at a number of other clubs.

And if and a big if for me Fisher is serious about building or buying a new ground perhaps he could take a look at the soon to be vacated Butts Park Arena, by the way who owns that ?
 

lordsummerisle

Well-Known Member
  • Sep 20, 2014
  • #598
Skyblueweeman said:
If you owned a property and the tenants weren't committing long term or wanting to buy it, you'd seek alternatives right?

As much as I dislike the situation, strategically, it's a correct one for ACL.
Click to expand...

Indeed it is, hopefully there won't be anymore bollocks on here about "Community Asset" from now on.
 

standupforcity

Well-Known Member
  • Sep 20, 2014
  • #599
How can a football team share a ground with a rugby team when you think about the condition of the pitch after a rugby game? Or have I missed something?
 
R

rupert_bear

Well-Known Member
  • Sep 20, 2014
  • #600
standupforcity said:
How can a football team share a ground with a rugby team when you think about the condition of the pitch after a rugby game? Or have I missed something?
Click to expand...
Ask Swansea City, a taem who play good passing football and now a fixture in the Premiership.

With respect get your head out of the sand, nowadays, with undersoil heating and modern technology a muddy cut up pitch can be repaired and in good condition within 24 hours with the right groundman/men.
 
Last edited: Sep 20, 2014

italiahorse

Well-Known Member
  • Sep 20, 2014
  • #601
standupforcity said:
How can a football team share a ground with a rugby team when you think about the condition of the pitch after a rugby game? Or have I missed something?
Click to expand...

Seems to okay for others.


  • Adams Park: Wycombe Wanderers F.C. (football) share their home stadium with London Wasps (rugby union) from 2002.
  • Bramall Lane: Sheffield United F.C. (football) share their home stadium with Sheffield Eagles (rugby league).
  • DW Stadium: Wigan Athletic F.C. (football) and Wigan Warriors (rugby league)
  • John Smith's Stadium: Huddersfield Town F.C. (football) and Huddersfield Giants (rugby league).
  • KC Stadium: Hull City A.F.C. (football) and Hull F.C. (rugby league)
  • Keepmoat Stadium: Doncaster Rovers F.C. (football) share their stadium with Doncaster RLFC (rugby league).
  • Liberty Stadium: Swansea City A.F.C. (football) and Ospreys (rugby union)
  • Madejski Stadium: Reading F.C. (football) share their home stadium with London Irish (rugby union).
  • Meadow Lane: Notts County F.C. (football) share their home stadium with Nottingham R.F.C. (rugby union).
  • Memorial Stadium (Bristol): Bristol Rovers (football) and Bristol Rugby (rugby union)
  • Racecourse Ground: Wrexham F.C. (football) share their home stadium with North Wales Crusaders (rugby league).
  • Spotland Stadium: Rochdale A.F.C. (football) share their home stadium with Rochdale Hornets (rugby league)
  • The Shay: F.C. Halifax Town (football) share their home stadium with Halifax RLFC (rugby league).
 

Otis

Well-Known Member
  • Sep 20, 2014
  • #602
Ian1779 said:
Hypothetical question.

So lets say Wasps buy the stadium, and turf the club out. The club goes and builds a new stadium because it has no choice. Will people be supportive then of a new stadium?
Click to expand...


ACL have said they want the club there at the Ricoh and it is Sisu who are insisting they are going off to build a new stadium.

Would say the CT are being a hell of a late more impartial than you are, Ian.

I myself, would consider my own stance as quite balanced and of course no one wants to see anyone 'turfed out.' I honestly can't see that happening. The whole city would surely be up in arms about it.

Any deal for Wasps would have to at least offer to accomodate the Sky Blues. Better still, it would be a half share. Best of all, the club buy the Ricoh and we're all happy. No Wasps, no impingement on Cov rugby club and the Sky Blues with a secure future.
 
R

rupert_bear

Well-Known Member
  • Sep 20, 2014
  • #603
Otis said:
ACL have said they want the club there at the Ricoh and it is Sisu who are insisting they are going off to build a new stadium.

Would say the CT are being a hell of a late more impartial than you are, Ian.

I myself, would consider my own stance as quite balanced and of course no one wants to see anyone 'turfed out.' I honestly can't see that happening. The whole city would surely be up in arms about it.

Any deal for Wasps would have to at least offer to accomodate the Sky Blues. Better still, it would be a half share. Best of all, the club buy the Ricoh and we're all happy. No Wasps, no impingement on Cov rugby club and the Sky Blues with a secure future.
Click to expand...
I will repeat what I said earlier, listening to Cov rugby boss Peter Rossborough he is keen on a Wasps/Cov alliance ,imo this will have been discussed ages ago. At Swansea I believe famous old Neath and Swansa rugby club amalgamated to form Neath/Swansea Ospreys and eventually dropped the Neath/Swansea bit to just Ospreys. The old famous Coventry Rugby Club changed years ago from the Man. United of English Rugby to a piddling little outfit almost going out of business more than once, I say bring it on !
 

Otis

Well-Known Member
  • Sep 20, 2014
  • #604
rupert_bear said:
I will repeat what I said earlier, listening to Cov rugby boss Peter Rossborough he is keen on a Wasps/Cov alliance ,imo this will have been discussed ages ago. At Swansea I believe famous old Neath and Swansa rugby club amalgamated to form Neath/Swansea Ospreys and eventually dropped the Neath/Swansea bit to just Ospreys. The old famous Coventry Rugby Club changed years ago from the Man. United of English Rugby to a piddling little outfit almost going out of business more than once, I say bring it on !
Click to expand...

Well, I have said previously, I would be okay with it if Cov rugby club are okay with it all and if it also benefits Coventry City FC.

Would also like to see Wasps fans okay with it too mind. If they are completely opposed to the move then it would be hypocritical for us to support it I feel.
 

torchomatic

Well-Known Member
  • Sep 20, 2014
  • #605
But didn't Fisher say that we were only going for a new stadium because ACL wouldn't sell to the club or am i imagining that?

dongonzalos said:
So anyway wasps talking over the Ricoh.......

I just hope its not too late and this is the one thing that speeds up the only feasible solution to this whole mess.

SISU negotiate in good faith (this time) for a part or all of ACL and at a proper price
Click to expand...
 

torchomatic

Well-Known Member
  • Sep 20, 2014
  • #606
I like to read it for fascinating articles such as which City playerhas had the funniest haircut over the years. Oh i love all the ads on the website too. Wish they'd have more.

Nick said:
I only read the CET for my news!

PLUS, I did say genuine question. Wasn't trying to be cocky or anything, just asking.
Click to expand...
 
Last edited: Sep 20, 2014

italiahorse

Well-Known Member
  • Sep 20, 2014
  • #607
torchomatic said:
But didn't Fisher say that we were only going for a new stadium because ACL wouldn't sell to the club or am i imagining that?
Click to expand...

We need all the facts before we can understand that statement.

If SISU offered half its value because the club were not there and CCC turned it down can TF say that CCC will not sell the club?

Can anyone answer these questions.

1. What is the stadium worth now with a football team? in it. (.. and wasps buzzing around with interest) ?
2. What offer have SISU made for the stadium, if any ?
3. Is the so called offer for ACL or the stadium ?
 
D

dongonzalos

Well-Known Member
  • Sep 20, 2014
  • #608
torchomatic said:
But didn't Fisher say that we were only going for a new stadium because ACL wouldn't sell to the club or am i imagining that?
Click to expand...

Won't sell the whole Ricoh not ACL is what I understood
 

Ian1779

Well-Known Member
  • Sep 20, 2014
  • #609
Otis said:
ACL have said they want the club there at the Ricoh and it is Sisu who are insisting they are going off to build a new stadium.

Would say the CT are being a hell of a late more impartial than you are, Ian.

I myself, would consider my own stance as quite balanced and of course no one wants to see anyone 'turfed out.' I honestly can't see that happening. The whole city would surely be up in arms about it.

Any deal for Wasps would have to at least offer to accomodate the Sky Blues. Better still, it would be a half share. Best of all, the club buy the Ricoh and we're all happy. No Wasps, no impingement on Cov rugby club and the Sky Blues with a secure future.
Click to expand...

Why do I need to be impartial? I already support a club that doesn't own it's own stadium due to a multitude of reasons, is it so wrong to not want to become a second-class tenant in a stadium that could be given priority to another team in another sport?
 

Otis

Well-Known Member
  • Sep 20, 2014
  • #610
None of know the true facts I guess, but it must be very difficult for anyone trying to deal with someone who seems intent on taking you and seemingly everyone else to court.

I can see both sides. Obviously want the club to get hold of the Ricoh, because I believe a football club should own its own ground, but at the same time, I wouldn't be wanting to say sell my house to somone who is suing me.
 
Last edited: Sep 20, 2014

Otis

Well-Known Member
  • Sep 20, 2014
  • #611
Ian1779 said:
Why do I need to be impartial? I already support a club that doesn't own it's own stadium due to a multitude of reasons, is it so wrong to not want to become a second-class tenant in a stadium that could be given priority to another team in another sport?
Click to expand...


Could, yes. Think people are totally jumping the gun and wanting us to all be up in arms and yet we don't even know if there is a deal or what that potential deal would be.
 

Ian1779

Well-Known Member
  • Sep 20, 2014
  • #612
Otis said:
Could, yes. Think people are totally jumping the gun and wanting us to all be up in arms and yet we don't even know if there is a deal or what that potential deal would be.
Click to expand...

Maybe so - lets hope you are right.

People are rightly concerned considering we thought we had finally turned a corner upon our return to Ricoh.

If SISU were offered same potential deal as Wasps and then turned it down then they would deserve the criticism. I'm not sure how the club can be blamed at this point.
 

Otis

Well-Known Member
  • Sep 20, 2014
  • #613
Feel there's an awful lot of jumping the gun and cherry picking going on in this thread too.

Noticed that a few people are totally slagging off Bob Ainsworth for his saying he doesn't know how Wasps fans feel about this. Okay, fine, I think it was the wrong thing to come out and say, but at the same time no-one has highlighted this bit of the interview here;

Mr Ainsworth insisted the move could be good for the city and dismissed fears that it could jeopardise the Sky Blues’ ability to continue to play at the venue.


He said: “The Ricoh Arena is an investment in the city’s economy, a tax-payers’ investment.
“There’s a responsibility to the citizens of Coventry to make the most of that in terms of jobs and regeneration in the North West of Coventry, and the council has that responsibility.


“The kind of stadium we have there cries out for an effective anchor tenant. If the football club were prepared to be that partner there would be nobody happier than me.



Unfortunately, it seems that some have only picked on that one part of the statement about Wasps fans, slagged the MP off for that and ignored the rest of what he had to say.

All that above in that chunk of dialogue I feel is very positive.
 

italiahorse

Well-Known Member
  • Sep 20, 2014
  • #614
Ian1779 said:
Maybe so - lets hope you are right.

People are rightly concerned considering we thought we had finally turned a corner upon our return to Ricoh.

If SISU were offered same potential deal as Wasps and then turned it down then they would deserve the criticism. I'm not sure how the club can be blamed at this point.
Click to expand...

I think up to now SISU thought they had the upper hand and I hazard a guess have never offered the full value for either ACL or the stadium.

We know for a fact that they tried to get the Higgs share for a pittance.

SISU, just buy into ACL and stop this nonsense.
 

Otis

Well-Known Member
  • Sep 20, 2014
  • #615
italiahorse said:
I think up to now SISU thought they had the upper hand and I hazard a guess have never offered the full value for either ACL or the stadium.

We know for a fact that they tried to get the Higgs share for a pittance.

SISU, just buy into ACL and stop this nonsense.
Click to expand...

And they can stop all legal proceedings too while they're at it!
 

stupot07

Well-Known Member
  • Sep 20, 2014
  • #616
italiahorse said:
Seems to okay for others.


  • Adams Park: Wycombe Wanderers F.C. (football) share their home stadium with London Wasps (rugby union) from 2002.
  • Bramall Lane: Sheffield United F.C. (football) share their home stadium with Sheffield Eagles (rugby league).
  • DW Stadium: Wigan Athletic F.C. (football) and Wigan Warriors (rugby league)
  • John Smith's Stadium: Huddersfield Town F.C. (football) and Huddersfield Giants (rugby league).
  • KC Stadium: Hull City A.F.C. (football) and Hull F.C. (rugby league)
  • Keepmoat Stadium: Doncaster Rovers F.C. (football) share their stadium with Doncaster RLFC (rugby league).
  • Liberty Stadium: Swansea City A.F.C. (football) and Ospreys (rugby union)
  • Madejski Stadium: Reading F.C. (football) share their home stadium with London Irish (rugby union).
  • Meadow Lane: Notts County F.C. (football) share their home stadium with Nottingham R.F.C. (rugby union).
  • Memorial Stadium (Bristol): Bristol Rovers (football) and Bristol Rugby (rugby union)
  • Racecourse Ground: Wrexham F.C. (football) share their home stadium with North Wales Crusaders (rugby league).
  • Spotland Stadium: Rochdale A.F.C. (football) share their home stadium with Rochdale Hornets (rugby league)
  • The Shay: F.C. Halifax Town (football) share their home stadium with Halifax RLFC (rugby league).
Click to expand...

Over half of those share with rugby leage Teams, which I beeline their season is now march to October (?) so they aren't sharing the pitch in the muddy winter months, where the pitch tends to get the most damage.

And to be fair a lot of those teams don't play passing football.

And to those teams also have west broms U21's, ccfc ladies and the odd charity match on top?

Our pitch was in a terrible state in the 2012/13 season after the Olympics and with a lot of home cup ties.

http://www.skybluestalk.co.uk/threads/26430-THE-PITCH-what-has-happened-to-it

There was also a lot of complaining (on top of it not being morally right) that sharing the Sixfields pitch would wreck our game

http://www.skybluestalk.co.uk/threads/40521-Northampton-game-off

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 
Last edited: Sep 20, 2014

Otis

Well-Known Member
  • Sep 20, 2014
  • #617
stupot07 said:
Isn't the rugby league season now over the summer?


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
Click to expand...

Think there's two different set ups if my memory serves me right. One on the summer, one in the winter.
 

Otis

Well-Known Member
  • Sep 20, 2014
  • #618
Otis said:
Think there's two different set ups if my memory serves me right. One on the summer, one in the winter.
Click to expand...

Nope. Just checked. Seems like it is all over at the end of this month.
 
L

Limey

Well-Known Member
  • Sep 20, 2014
  • #619
Its the silence from the club which is unsettling. The return to the Ricoh bought some overdue positivity. ACL and the Council spoke about ownership possibility and Waggot has reverted the emphasis back onto the football side of things. I think they need to comment to avoid undoing some of this good work, even if its along the lines of 'We are aware of reports and are/will be in discussion with ACL'. Anything!
 

skybluetony176

Well-Known Member
  • Sep 20, 2014
  • #620
Ian1779 said:
Maybe so - lets hope you are right.

People are rightly concerned considering we thought we had finally turned a corner upon our return to Ricoh.

If SISU were offered same potential deal as Wasps and then turned it down then they would deserve the criticism. I'm not sure how the club can be blamed at this point.
Click to expand...

How do you know ACL have offered Wasps anything. It seems to me that wasps have done the chasing and ACL have clearly been receptive. Could it be that the way that wasps are approaching the issue is more constructive than litigation. Other than litigation and all the other nonsense that has gone on, can you list what SISU have done to gain control of ACL in a way that would tempt either share holder into doing a deal. Have they ever made any serious offer for any part of ACL? Have they ever made any offer or tried to approach CCC for the freehold. You can take a flippant comment from someone you've already pointed out on this thread as word being untrustworthy as gospel if you like but this story proves that if nothing else ACL have only ever received 1 genuine enquiry for a controlling share of them and therefore the Ricoh and it isn't SISU or any of their subsidiaries.

If that isn't SISU's fault I don't know what is. Are ACL supposed to force SISU to the negotiation table by gun point? I doubt they've had to do that with the wasps.
 
J

Jack Griffin

Guest
  • Sep 20, 2014
  • #621
Ian1779 said:
If the children's charity was so concerned about their money.... you have to wonder why they invested in the first place knowing full well they could have lost the lot....
Click to expand...

Because at that time there was trust between them & CCFC. There is none now & AHC found out later they'd made a big mistake, but I guess they didn't want CCFC to go into administration.

Deleted member 5849 said:
Why should the charity have been used to try to bail out the financial mistakes of former directors...?
Click to expand...

Big mistake.
 
Last edited by a moderator: Sep 20, 2014

Otis

Well-Known Member
  • Sep 20, 2014
  • #622
skybluetony176 said:
How do you know ACL have offered Wasps anything. It seems to me that wasps have done the chasing and ACL have clearly been receptive. Could it be that the way that wasps are approaching the issue is more constructive than litigation. Other than litigation and all the other nonsense that has gone on, can you list what SISU have done to gain control of ACL in a way that would tempt either share holder into doing a deal. Have they ever made any serious offer for any part of ACL? Have they ever made any offer or tried to approach CCC for the freehold. You can take a flippant comment from someone you've already pointed out on this thread as word being untrustworthy as gospel if you like but this story proves that if nothing else ACL have only ever received 1 genuine enquiry for a controlling share of them and therefore the Ricoh and it isn't SISU or any of their subsidiaries.

If that isn't SISU's fault I don't know what is. Are ACL supposed to force SISU to the negotiation table by gun point? I doubt they've had to do that with the wasps.
Click to expand...


No, they'd just swat them with a rolled up newspaper.
 

Otis

Well-Known Member
  • Sep 20, 2014
  • #623
Limey said:
Its the silence from the club which is unsettling. The return to the Ricoh bought some overdue positivity. ACL and the Council spoke about ownership possibility and Waggot has reverted the emphasis back onto the football side of things. I think they need to comment to avoid undoing some of this good work, even if its along the lines of 'We are aware of reports and are/will be in discussion with ACL'. Anything!
Click to expand...


One of the most unsettling things was when we came back to the Ricoh. All positivity and smiling faces to be had and a great feeling of relief, but one of the first things said upon our return was the intention to state once again that the club will be building a new stadium.

Really took the wind right out of our sails, that.
 
J

Jack Griffin

Guest
  • Sep 20, 2014
  • #624
Ian1779 said:
If you want to go down that line then perhaps it's worth thinking about where all the profits from ACL have gone over the last 9 years?

Surely a deprived kid is more deserving of that money than paying down a mortgage we were told they could manage sufficiently.
Click to expand...

Repaying (part) of a £21M loan?
 

skybluetony176

Well-Known Member
  • Sep 20, 2014
  • #625
Jack Griffin said:
Repaying (part) of a £21M loan?
Click to expand...

I always thought that neither CCC or Higgs have ever taken a dividend as they were reinvesting all profits back into the project and therefore the surrounding area and therefore the city of Coventry. The heartless bastards.
 
J

Jack Griffin

Guest
  • Sep 20, 2014
  • #626
italiahorse said:
We need all the facts before we can understand that statement.

If SISU offered half its value because the club were not there and CCC turned it down can TF say that CCC will not sell the club?

Can anyone answer these questions.

1. What is the stadium worth now with a football team? in it. (.. and wasps buzzing around with interest) ?
2. What offer have SISU made for the stadium, if any ?
3. Is the so called offer for ACL or the stadium ?
Click to expand...

SISU thought they could dick around for long enough for the price to plummet.
Now they've been out manouvered again.
They are building up a track record of disastrous strategic decisions.
 

TheParsonsHose

Member
  • Sep 20, 2014
  • #627
You cannot blame the stadium owners for any of this. If we really wanted the stadium we would have taken advantage of the countless opportunities of the past.

It appears our owners still think the legal challenge is the answer. If the stadium gets new owners then surely the outcome of any challenge is fruitless in terms of gaining any control of the Ricoh.
 

Nick

Administrator
  • Sep 20, 2014
  • #628
TheParsonsHose said:
You cannot blame the stadium owners for any of this. If we really wanted the stadium we would have taken advantage of the countless opportunities of the past.

It appears our owners still think the legal challenge is the answer. If the stadium gets new owners then surely the outcome of any challenge is fruitless in terms of gaining any control of the Ricoh.
Click to expand...

Don't find it a little bit hypocritical though after all the spouting about clubs should be in their home town representing, franchising is wrong etc. Coventry should be in Coventry etc?
 

Rusty Trombone

Well-Known Member
  • Sep 20, 2014
  • #629
TheParsonsHose said:
You cannot blame the stadium owners for any of this. If we really wanted the stadium we would have taken advantage of the countless opportunities of the past.

It appears our owners still think the legal challenge is the answer. If the stadium gets new owners then surely the outcome of any challenge is fruitless in terms of gaining any control of the Ricoh.
Click to expand...

The stadium is owned by the Council. If SISU win a JR appeal this doesn't change the ownership, it also doesn't change the fact the a different company, that's ACL, own a lease to operate from the stadium.
 

Ian1779

Well-Known Member
  • Sep 20, 2014
  • #630
Jack Griffin said:
Repaying (part) of a £21M loan?
Click to expand...

They had a mortgage that they were servicing. They made extra payments on top.
 
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