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Wasps pull out... (2 Viewers)

  • Thread starter Tommo72
  • Start date May 15, 2019
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chiefdave

Well-Known Member
  • May 17, 2019
  • #596
MalcSB said:
Wouldn’t the council indemnifying wasps be illegal state aid?
Click to expand...
Quite possibly but that was for Wasps lawyers to sort out at the time. If they decided it wasn't possible and took the risk anyway its not on to then look to the football club to bail them out.
 

clint van damme

Well-Known Member
  • May 17, 2019
  • #597
SonofErnie said:
That would be my thinking. Surely the only chance of a deal is if CCC indemnify Wasps against the potential outcome of the EC complaint and influence them to complete the deal with CCFC, on the basis that the chances of the EC finding against them is a long shot at best.

Not sure if you are inferring that's a conversation taking place or just hopeful that it might be?
Click to expand...

Just can't see CCC going for that. Would love to be wrong.
 

robbiekeane

Well-Known Member
  • May 17, 2019
  • #598
Nick said:
Wasps’ Legal Troubles



Im not an expert, just an example.
Click to expand...
is this supposed to say "under valued"? Can't make sense of it otherwise
 
S

Seaside-Skyblue

Well-Known Member
  • May 17, 2019
  • #599
Bloody hell. Its like a couple splitting up and then deciding to get back together only to find out that he slept with her sister straight after the breakup.

Sent from my SM-A310F using Tapatalk
 

Nick

Administrator
  • May 17, 2019
  • #600
Seaside-Skyblue said:
Bloody hell. Its like a couple splitting up and then deciding to get back together only to find out that he slept with her sister straight after the breakup.

Sent from my SM-A310F using Tapatalk
Click to expand...

It's 2019, she watched.
 

skyblueinBaku

Well-Known Member
  • May 17, 2019
  • #601
Nick said:
It's 2019, she watched.
Click to expand...
And joined in.
 
Reactions: westcountry_skyblue

CanadianCCFC

Well-Known Member
  • May 17, 2019
  • #602
Introduction to state aid
These are the conditions of illegal state aid if anyone is confused like I was a few minutes ago.
 

Liquid Gold

Well-Known Member
  • May 17, 2019
  • #603
chiefdave said:
Surprised me as well, certainly didn't expect SISU to sign up for anything like that.
Click to expand...
Me too. A few posters on here suggested it a couple of months ago and it was brushed off as something they'd never do. Interestingly those posters have now also changed their goalposts.
 
O

OffenhamSkyBlue

Well-Known Member
  • May 17, 2019
  • #604
Thanks Canadian! The part about distorting competition was what i was unsure about whether the Ricoh deal would pass the test ...

"The most important aspect of this last part of the test is whether the selective advantage conferred on the undertaking has the potential to distort competition. There is no requirement for an actual distortion to be proved. As a general rule therefore, this part of the test is easy to satisfy and more often than not the selective advantage will be found to have the potential to distort competition."

Interesting that the authors (a very well respected law firm, if that isn't an oxymoron) cite disposal of land or buildings at below market value as an example of state aid.

Just have to wait and see if the EC take it beyond their current preliminary investigation, at which point Reeves et al and Eastwood will need a trip to the bathroom, i should imagine! Fingers crossed!!
 
Reactions: mr_monkey
D

Deleted member 5849

Guest
  • May 17, 2019
  • #605
Nick said:
It's also interesting that SISU appeared to have signed something to call off the legals they were actively pushing too apparently. I didn't even expect that.
Click to expand...
Null and void now, I guess.

Which makes you wonder what's next...
 

Sick Boy

Super Moderator
  • May 17, 2019
  • #606
OffenhamSkyBlue said:
Thanks Canadian! The part about distorting competition was what i was unsure about whether the Ricoh deal would pass the test ...

"The most important aspect of this last part of the test is whether the selective advantage conferred on the undertaking has the potential to distort competition. There is no requirement for an actual distortion to be proved. As a general rule therefore, this part of the test is easy to satisfy and more often than not the selective advantage will be found to have the potential to distort competition."

Interesting that the authors (a very well respected law firm, if that isn't an oxymoron) cite disposal of land or buildings at below market value as an example of state aid.

Just have to wait and see if the EC take it beyond their current preliminary investigation, at which point Reeves et al and Eastwood will need a trip to the bathroom, i should imagine! Fingers crossed!!
Click to expand...

In that case then they’re going to be in a lot of trouble. Thank god for the EU
 
Reactions: OffenhamSkyBlue and Magwitch

chiefdave

Well-Known Member
  • May 17, 2019
  • #607
OffenhamSkyBlue said:
Just have to wait and see if the EC take it beyond their current preliminary investigation, at which point Reeves et al and Eastwood will need a trip to the bathroom, i should imagine! Fingers crossed!!
Click to expand...
Certainly seems that the more you read about the differences between the way these things are handled in the UK and EU the more you can see why Wasps and the council are desperate for it to not progress.
 
Reactions: mr_monkey
S

SkyblueBazza

Well-Known Member
  • May 17, 2019
  • #608
Let's face it...SISU knew exactly what they were up to. It is another desperate effort to get their hands on the stadium.

Even if there is found to be wrongdoings...& they get the Ricoh, I think the damage they have done already to relations with all that matter in owning it, the fanbase & what I think is now the tarnished reputation of CCFC...it will take generations for the club to recover properly imo

Sent from my SM-G935F using Tapatalk
 

Nick

Administrator
  • May 17, 2019
  • #609
SkyblueBazza said:
Let's face it...SISU knew exactly what they were up to. It is another desperate effort to get their hands on the stadium.

Even if there is found to be wrongdoings...& they get the Ricoh, I think the damage they have done already to relations with all that matter in owning it, the fanbase & what I think is now the tarnished reputation of CCFC...it will take generations for the club to recover properly imo

Sent from my SM-G935F using Tapatalk
Click to expand...
Not half as long as recovering from the sale to wasps
 
Reactions: duffer

Sick Boy

Super Moderator
  • May 17, 2019
  • #610
SkyblueBazza said:
Let's face it...SISU knew exactly what they were up to. It is another desperate effort to get their hands on the stadium.

Even if there is found to be wrongdoings...& they get the Ricoh, I think the damage they have done already to relations with all that matter in owning it, the fanbase & what I think is now the tarnished reputation of CCFC...it will take generations for the club to recover properly imo

Sent from my SM-G935F using Tapatalk
Click to expand...

The actions of the franchise are far far worse compared to anything that SISU have done.
 
Reactions: GaryMabbuttsLeftKnee, torchomatic, GaryJones and 5 others

CanadianCCFC

Well-Known Member
  • May 17, 2019
  • #611
Sick Boy said:
The actions of the franchise are far far worse compared to anything that SISU have done.
Click to expand...
Storm incoming.
I’ll give you a like for your bravery.
 
Reactions: covcity4life, torchomatic and Sick Boy

usskyblue

Well-Known Member
  • May 17, 2019
  • #612
Sick Boy said:
The actions of the franchise are far far worse compared to anything that SISU have done.
Click to expand...

This
 
Reactions: Sick Boy and mr_monkey

hill83

Well-Known Member
  • May 17, 2019
  • #613
SkyblueBazza said:
Let's face it...SISU knew exactly what they were up to. It is another desperate effort to get their hands on the stadium.

Even if there is found to be wrongdoings...& they get the Ricoh, I think the damage they have done already to relations with all that matter in owning it, the fanbase & what I think is now the tarnished reputation of CCFC...it will take generations for the club to recover properly imo

Sent from my SM-G935F using Tapatalk
Click to expand...

Nah, couple of wins or a screamer first game back at the Ricoh and nobody will give a fuck. Even a commanding collected cross from our new keeper would do it.
 

Nick

Administrator
  • May 17, 2019
  • #614
hill83 said:
Nah, couple of wins or a screamer first game back at the Ricoh and nobody will give a fuck. Even a commanding collected cross from our new keeper would do it.
Click to expand...
I'll be throwing fivers at joy like a stripper if our keeper starts any of that
 

hill83

Well-Known Member
  • May 17, 2019
  • #615
Nick said:
I'll be throwing fivers at joy like a stripper if our keeper starts any of that
Click to expand...

I thought you two footed strippers early doors, to let them know you are there, for a discount?
 
Reactions: SBAndy

Nick

Administrator
  • May 17, 2019
  • #616
hill83 said:
I thought you two footed strippers early doors, to let them know you are there, for a discount?
Click to expand...
It depends how much traction there is on the stage to be honest. If you go in later on they are slippy so you can get a decent slide distance.
 

hill83

Well-Known Member
  • May 17, 2019
  • #617
Nick said:
It depends how much traction there is on the stage to be honest. If you go in later on they are slippy so you can get a decent slide distance.
Click to expand...

If you get the right momentum you can grab the pole, swing back around and get enough distance to crunch the barkeep as well.
 
Reactions: Nick
O

OffenhamSkyBlue

Well-Known Member
  • May 17, 2019
  • #618
Nick said:
It depends how much traction there is on the stage to be honest. If you go in later on they are slippy so you can get a decent slide distance.
Click to expand...
Eeewwwwwwwww!
 

Nick

Administrator
  • May 17, 2019
  • #619
hill83 said:
If you get the right momentum you can grab the pole, swing back around and get enough distance to crunch the barkeep as well.
Click to expand...
I'm more Vinnie Jones than Jackie Chan to be fair.

The barkeep will know what's going on when I slide my studs down his Achilles when he walks past.
 
Reactions: hill83

hill83

Well-Known Member
  • May 17, 2019
  • #620
OffenhamSkyBlue said:
Eeewwwwwwwww!
Click to expand...

Better off going for a "Vrrrmmmmmmm"
 
Reactions: OffenhamSkyBlue

MalcSB

Well-Known Member
  • May 17, 2019
  • #621
chiefdave said:
Quite possibly but that was for Wasps lawyers to sort out at the time. If they decided it wasn't possible and took the risk anyway its not on to then look to the football club to bail them out.
Click to expand...
Exactly
 

usskyblue

Well-Known Member
  • May 17, 2019
  • #622
This thread took a dump. Brilliant stuff..
 

Nick

Administrator
  • May 17, 2019
  • #623
usskyblue said:
This thread took a dump. Brilliant stuff..
Click to expand...
To be fair it is titled "wasps pull out" so every time I've seen it I've been thinking wildlife documentary
 
Reactions: usskyblue

Hobo

Well-Known Member
  • May 17, 2019
  • #624
Nick said:
It would be naive to think that Wasps Lawyers wouldn't check it all over first.
Click to expand...

Like SISU doing due diligence on CCFC?
 

Nick

Administrator
  • May 17, 2019
  • #625
Hobo said:
Like SISU doing due diligence on CCFC?
Click to expand...
Pretty sure it would be even more silly then that
 

Westendlad

Well-Known Member
  • May 17, 2019
  • #626
Wonder how much this appeal bollocks has cost sisu so far......Probably could of covered 5 yrs of rent so far. Crazy.
 

Terry_dactyl

Well-Known Member
  • May 17, 2019
  • #627
SkyblueBazza said:
Let's face it...SISU knew exactly what they were up to. It is another desperate effort to get their hands on the stadium.

Even if there is found to be wrongdoings...& they get the Ricoh, I think the damage they have done already to relations with all that matter in owning it, the fanbase & what I think is now the tarnished reputation of CCFC...it will take generations for the club to recover properly imo

Sent from my SM-G935F using Tapatalk
Click to expand...
I think I want sisu to “get their hands on the Ricoh”. Is that wrong?
Also, another promotion (or two) would see the fans back.
 
Reactions: covcity4life

Nick

Administrator
  • May 18, 2019
  • #628
Remember this for when people try to tell me there's no pr games. Funnily enough this person is a bit close to Jimmy hill way.


Would be interesting to hear schmeee bang on about conspiracy over and over.
 
Reactions: Sick Boy

clint van damme

Well-Known Member
  • May 18, 2019
  • #629
If wasps are ordered to pay money back to the council it means they owe it to the council tax payers of Coventry.
Why would any Coventrian want an out of town rugby club to have guarantees against reimbursing us what they owe?
Normally the answer to that is there's no case to answer.
Ok, fair enough, OK do a deal with the club then.
 
Reactions: Sick Boy and fernandopartridge

Nick

Administrator
  • May 18, 2019
  • #630
clint van damme said:
If wasps are ordered to pay money back to the council it means they owe it to the council tax payers of Coventry.
Why would any Coventrian want an out of town rugby club to have guarantees against reimbursing us what they owe?
Normally the answer to that is there's no case to answer.
Ok, fair enough, OK do a deal with the club then.
Click to expand...

The same reason a Coventrian would want the club to die and have a Phoenix club, the same reason they would prefer a coventry rugby club in the first place.

There are probably a good 10 accounts that go into overdrive at certain times, towards certain people, saying certain things. One of them is on the Trust Board and used to be a director of Cov Ladies / Cov United alongside David Johnson and is described as "Local Government Employee".

Some seem to really want CCFC to die and would happily go out of their way to push the propaganda just so the council don't look bad.
 
Reactions: Fergusons_Beard, GaryMabbuttsLeftKnee and duffer
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