Shots fired.
Very different tone to last time when both statements were in virtual agreement.
Hmmm tgis is a biggie. They flat out saying its not indemnity
So what the fuck is going on. Ccfc pretty much saod defo sumthing to do with third party. But what ?
Not quite. They said last year it was I thinkCCFC said explicitly it was an indemnity for the third party.
Not quite. They said last year it was I think
We will better them in court“We were not aware the club would be making a statement this evening and will be looking carefully at elements of what they have claimed, and may possibly comment further in the next couple of days.”
Can’t wait.
EU decision been reached?
Wasps' statement looks hasty (so I accept they didn't realise CCFC had pulled the plug) whereas the CCFC one has been prepared for a (little) while at least.
Are SISU seeking to force a break of the NDA?
I mean it has to be said... What the actual fuck
This is the relevant bit. About as clear as they can make it without breaking the NDA. You don't have to be a genius to work out what they are getting at.Yeah but weren’t they going “it’s the same as last year, can’t tell you what happened this year but here what happened last year and it’s the same as that”?
However following months of negotiations and despite being very close to agreeing commercial conditions, the same issues that prevented a deal last season have again prevented a deal for the upcoming season.
Unfortunately we are unable to disclose full details due to the requirement to sign a non-disclosure agreement prior to negotiations taking place.
Last year the critical issue was Wasps’ insistence of indemnity clauses into the license agreement, with this indemnity for themselves and for a third-party.
Coventry City and its Owners last year, during failed talks for the 2019-20 season, made a written undertaking to irrevocably cease all proceedings against Wasps relating to the sale and lease of the Ricoh Arena. No legal action against Wasps or its Owners exists, and Coventry City and its Owners have again made this same undertaking this year.
Despite this undertaking, the clauses introduced by Wasps, for themselves and for a third-party, then added conditions that would unreasonably restrict the Club and SISU’s basic legal rights and would commit the Club and SISU to underwrite Wasps’ and that third-party’s costs and all future damages. This would put the Football Club at substantial risk and jeopardise its very future.
This is the relevant bit. About as clear as they can make it without breaking the NDA. You don't have to be a genius to work out what they are getting at.
EU decision been reached?
Well, don't reckon we'll be playing at the Ricoh any time soon after all this...
Are they the third party ?EU decision been reached?
The reason I feel wasps are lying..... The statement is too nice
What the fuck is going on
Unless the first bit is relative to the deal on the table“The news that CCFC is working in partnership with the University of Warwick to create its own stadium was not communicated to us until after it was released publicly"
Errr, why would it be?
"may possibly comment further in the next couple of days.”
Don't trouble yourselves now will you?
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