CanadianCCFC
Well-Known Member
What if SISU get a positive outcome from the court case? What do they get?
What if SISU get a positive outcome from the court case? What do they get?
What if SISU get a positive outcome from the court case? What do they get?
They will be embarrased is the court allow their appeal and if they do city definitely will not be at the Ricoh next season while the appeal is heard with no certainty of winning.What if SISU get a positive outcome from the court case? What do they get?
That would never happen, we all know the council are against prolonging legal action with appeals.An appeal from the Council.
I suspect this would be the most likely outcome if they somehow managed to win. Compensation paid to SISU, they take the money and run and we're left broke and with no stadium.I presume Wasps will not be affected by a SISU positive outcome. They paid the "sales" price for the stadium as a genuine purchase. I again presume that it will be the Council ie. Cov taxpayers who will pay.
I wondered if the end game was that wasps would need to pay any shortfall in what the true valuation was... they wouldnt be able to pay that, at which point SISU would offer to ay it in exchange for a stadium share.
Not even sure if that's possible, but it didn't cross mind as the only real benefit to SISU for pursuing this legal action.
yep there’s no short term to any of this and the council are stubborn buggers (Not a bad thing) especially when they feel they are the wronged partyDepending on your perspective.
1. The will have stood up for the underdog and shown that business should be conducted in a transparent and fair manner.:yawn::yawn:
Or
2. They will have saddled both Wasps and the City council with vast future legal costs, certainly distressing both parties. Offering them the choice of the review finding no wrong doing and being in debt or the review finding that the council didnt like Sisu, so offered Wasps a better deal. Meaning Sisu can sue again, this time for compensation and with more legal costs.
This is why they want the court case dropped, to stop the long term cloud over their head, to stop future legal costs.
Eventually offering a deal will be the cheapest option, Sisu dont necessarily need to win compensation.
It is a game of chess where CCFC is a pawn.yep there’s no short term to any of this and the council are stubborn buggers (Not a bad thing) especially when they feel they are the wronged party
yep there’s no short term to any of this and the council are stubborn buggers (Not a bad thing) especially when they feel they are the wronged party
Do we have any clue as to a ballpark figure of this?The ability to push for compensation from the loss in value that they could have achieved if they were allowed to purchase at the allegedly below market rate sale to Wasps.
Do we have any clue as to a ballpark figure of this?
Would it be a large enough sum to enable a new stadium to be built?
This talk of wanting Wasps/council to lose money - I think the obvious answer for SISU and the club is to remove their need to deal with any other party altogether. By building a new stadium both of these other parties will suffer, ontop of legal fees, compensation etc.
It also secures long term stability for the club and makes CCFC a much more saleable asset, especially if we were by then a low/mid tier Championship side.
Average value of a League 1 club (and we must be below average) is something like 3-4million.Why would they worry about spending loads to make CCFC a saleable asset when they could just have the compensation directly?
Average value of a League 1 club (and we must be below average) is something like 3-4million.
I could well be wrong but i was under the impression the average value of a Championship club is 10 times that.
Fair, I just don't think they're as keen to cut their losses as others do.Yeah so why would they throw in for example £25 million for a stadium to get the value up to sell it for about the same when they could just keep the £25 million and save the hassle?
Fair, I just don't think they're as keen to cut their losses as others do.
Its a long term thing, but they dont seem a million miles away from breaking even, they continue benefitting from whatever they can currently write off, as soon as they stop needing transfer money to run the club (made up from owning stadium?) they can start creaming money off from player sales, they still pocket a chunk of compo and then they sell the club for a decent amount.