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Why Did The Council Sell To Wasps? (1 Viewer)

  • Thread starter torchomatic
  • Start date Feb 9, 2015
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A

Ashdown

Well-Known Member
  • Feb 10, 2015
  • #106
torchomatic said:
Be be honest I don't think it was Fisher's words that made the gate drop so dramatically. I just think people wanted to be at that first game back.

Still don't think selling to Wasps was "understandable".
Click to expand...

I meant the spite was understandable not the decision.
 

torchomatic

Well-Known Member
  • Feb 10, 2015
  • #107
Oh, I see. Yeah, probably.

Ashdown said:
I meant the spite was understandable not the decision.
Click to expand...
 

Sky Blue Kid

Well-Known Member
  • Feb 10, 2015
  • #108
@ Ashdown....Thank you for affirming(In your post #101) my post from a couple of days ago, which was sarcastically replied too and basically called me a liar.
 

torchomatic

Well-Known Member
  • Feb 10, 2015
  • #109
What were you "basically called a liar" about?

Sky Blue Kid said:
@ Ashdown....Thank you for affirming(In your post #101) my post from a couple of days ago, which was sarcastically replied too and basically called me a liar.
Click to expand...
 

Sky Blue Kid

Well-Known Member
  • Feb 10, 2015
  • #110
How about you "Basically" check it out for yourself. I'm sure a clever man such as yourself can do that..Can't he?
 

covcity4life

Well-Known Member
  • Feb 10, 2015
  • #111
 

duffer

Well-Known Member
  • Feb 10, 2015
  • #112
Not really much to add to what ChiefDave's said to all this. As an article it's a cheap piece of PR without an awkward question in there. Three questions:

Why were we (and the club) told that time was needed to rebuild trust with the club with regard to buying the ground, when the deal to Wasps was already well under way?

Why wasn't the same deal made available to the club (regardless of Fisher's public statements, can you imagine the public pressure SISU would've faced!), or even better ACL/Ricoh put on the open market to obtain the best value for the taxpayer?

Why are we continuing to risk taxpayer money by lending to ACL (a loss-making enterprise), now owned 100% by Wasps (a loss-making enterprise)?

Who will be held to account for the glaring but convenient errors in assessing ACL's profitability at the time of the original bailout - is a weak apology sufficient for a mistake that puts the taxpayer on the hook to the tune of £14.4m?

OK, that's four questions, possibly five. And straight off the top of my head. A journalist with an interest in the case would presumably be able to do much, much better.
 
G

Godiva

Well-Known Member
  • Feb 10, 2015
  • #113
duffer said:
A journalist with an interest in the case would presumably be able to do much, much better.
Click to expand...

I can think of two journalists ... well, one journalist and one reporter ... who has interests in the case, but actually I believe a journalist with no prior knowledge would be able to do much, much better.
 

torchomatic

Well-Known Member
  • Feb 10, 2015
  • #114
Nah, you're alright, not that bothered really.

Sky Blue Kid said:
How about you "Basically" check it out for yourself. I'm sure a clever man such as yourself can do that..Can't he?
Click to expand...
 

torchomatic

Well-Known Member
  • Feb 10, 2015
  • #115
I'm surprised that the CT would post something as blatantly one-sided. If it had been Reid...

Godiva said:
I can think of two journalists ... well, one journalist and one reporter ... who has interests in the case, but actually I believe a journalist with no prior knowledge would be able to do much, much better.
Click to expand...
 
G

Godiva

Well-Known Member
  • Feb 10, 2015
  • #116
torchomatic said:
I'm surprised that the CT would post something as blatantly one-sided.
Click to expand...

Really???
 

skybluetony176

Well-Known Member
  • Feb 10, 2015
  • #117
Godiva said:
I can think of two journalists ... well, one journalist and one reporter ... who has interests in the case, but actually I believe a journalist with no prior knowledge would be able to do much, much better.
Click to expand...

I see your point with Simon Gilbert but David Conn is pretty independent, he certainly has no affiliation to CCC, CCFC or SISU so probably about as balanced a journalist as you could get on our situation.
 

torchomatic

Well-Known Member
  • Feb 10, 2015
  • #118
OK, we know they "lean" towards one side, but christ the article is so one-sided. Usually Simon comes on here to defend articles, etc but not this time...

Godiva said:
Really???
Click to expand...
 

Nick

Administrator
  • Feb 10, 2015
  • #119
It is unnamed too, which is strange.
 

fernandopartridge

Well-Known Member
  • Feb 10, 2015
  • #120
skybluetony176 said:
I see your point with Simon Gilbert but David Conn is pretty independent, he certainly has no affiliation to CCC, CCFC or SISU so probably about as balanced a journalist as you could get on our situation.
Click to expand...

Yet as far as I'm aware he's never actually interviewed any of the parties involved himself
 

skybluetony176

Well-Known Member
  • Feb 10, 2015
  • #121
fernandopartridge said:
Yet as far as I'm aware he's never actually interviewed any of the parties involved himself
Click to expand...

That's probably a good thing. It means he's only dealing with fact
 
W

wingy

Well-Known Member
  • Feb 10, 2015
  • #122
fernandopartridge said:
Yet as far as I'm aware he's never actually interviewed any of the parties involved himself
Click to expand...

Think he got some quotes from Fisher I think In his last piece on us
Around how the deal Wasps did Is unviable and why CCFC couldn't do It IIRC
 

Sky Blue Kid

Well-Known Member
  • Feb 10, 2015
  • #123
@ Wingy....Spot on mate. He did just that
 
T

The Gentleman

Well-Known Member
  • Feb 10, 2015
  • #124
wingy said:
Think he got some quotes from Fisher I think In his last piece on us
Around how the deal Wasps did Is unviable and why CCFC couldn't do It IIRC
Click to expand...

What!!! you mean someone spoke/interviewed Fisher and the silver tongued devil couldn't persuade him it was all the Councils fault. Thank the lord he didn't speak to Joy as well.
 
E

egastap

New Member
  • Feb 10, 2015
  • #125
Why did the Council sell to Wasps?

That's an easy one. Wasps were the only potential purchasers around. Remember those famous Timmie words "we are not interested in purchasing the Ricoh, we have every intention of building our own arena in the Coventry area." Given that, what would any sane person do? (or in this case, group of individuals, namely the ENTIRE COUNCIL, no matter what their political persuasion.) I read with a bit of a chuckle the anti-Council people on this forum......no need to name them as everyone knows who they are.....but it gives me a buzz when I read their viewpoints. And I say that as someone really far removed (3,500 miles ) from the politicking. I must miss the British humour. Ah well, I guess everyone is allowed their opinions, and free to air them, aren't they?
 

lordsummerisle

Well-Known Member
  • Feb 10, 2015
  • #126
egastap said:
Why did the Council sell to Wasps?

That's an easy one. Wasps were the only potential purchasers around. Remember those famous Timmie words "we are not interested in purchasing the Ricoh, we have every intention of building our own arena in the Coventry area." Given that, what would any sane person do? (or in this case, group of individuals, namely the ENTIRE COUNCIL, no matter what their political persuasion.) I read with a bit of a chuckle the anti-Council people on this forum......no need to name them as everyone knows who they are.....but it gives me a buzz when I read their viewpoints. And I say that as someone really far removed (3,500 miles ) from the politicking. I must miss the British humour. Ah well, I guess everyone is allowed their opinions, and free to air them, aren't they?
Click to expand...

Apparently only 9% of ACL income was football related, which, ( particularly when you take off any associated costs with the club being there) meant there was absolutely no need to be in a rush to sell ACL on the cheap.
 

fernandopartridge

Well-Known Member
  • Feb 10, 2015
  • #127
wingy said:
Think he got some quotes from Fisher I think In his last piece on us
Around how the deal Wasps did Is unviable and why CCFC couldn't do It IIRC
Click to expand...

Were they not 2nd hand quotes?

Surely a balanced journalist would interview more than one party?
 

italiahorse

Well-Known Member
  • Feb 10, 2015
  • #128
lordsummerisle said:
Apparently only 9% of ACL income was football related, which, ( particularly when you take off any associated costs with the club being there) meant there was absolutely no need to be in a rush to sell ACL on the cheap.
Click to expand...

Unless Wasps set a deadline ?
 

stupot07

Well-Known Member
  • Feb 10, 2015
  • #129
italiahorse said:
Unless Wasps set a deadline ?
Click to expand...

Can't upset the wasps now can we


Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 

italiahorse

Well-Known Member
  • Feb 10, 2015
  • #130
stupot07 said:
Can't upset the wasps now can we


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

Not if you want someone in the stadium. Sisu were not interested as TF confirmed later.
 

stupot07

Well-Known Member
  • Feb 10, 2015
  • #131
italiahorse said:
Not if you want someone in the stadium. Sisu were not interested as TF confirmed later.
Click to expand...

We were already in the stadium apparently in the process of "rebuilding relationships"

TF speaks the truth, when it suits

What would wasps have done anyway? Move up the M6 and buy villa park? Or perhaps old Trafford under a rental deal, hoping to get access to " incremental revenues"

Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
 
Last edited: Feb 10, 2015

italiahorse

Well-Known Member
  • Feb 10, 2015
  • #132
stupot07 said:
We were already in the stadium apparently in the process of "rebuilding relationships"

TF speaks the truth, when it suits

What would wasps have done anyway? Move up the M6 and buy villa park? Or perhaps old Trafford under a rental deal, hoping to get access to " incremental revenues"

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

IMHO we only moved back because Sisu had knowledge of the deal.
Have you actually worked out what incremental revenues are ?
 
D

Deleted member 5849

Guest
  • Feb 10, 2015
  • #133
fernandopartridge said:
Yet as far as I'm aware he's never actually interviewed any of the parties involved himself
Click to expand...

Which is a shame, as if he put his mind to it he could uncover a lot.
 
E

egastap

New Member
  • Feb 10, 2015
  • #134
lordsummerisle said:
Apparently only 9% of ACL income was football related, which, ( particularly when you take off any associated costs with the club being there) meant there was absolutely no need to be in a rush to sell ACL on the cheap.
Click to expand...

Who says they were in a 'rush'? After years of being harangued and harassed by SISU, I think they simply had just had enough! The only other opportunity in town was WASPS, and they struck a deal.....something which SISU could have done had they wished. As far as it being 'on the cheap', SISU didn't think it was 'on the cheap' else they would have bid on it a long time ago. So cheap it was, they valued it at next to nothing and tried to get it for that price through litigious means. No, they said it wasn't a good deal to spend over 5.7 million AND assume a 14 million loan......didn't they? They put in a tongue-in-cheek bid for ACL after the event, even after stating for the umpteenth time they were not interested in buying the Ricoh, that the ONLY solution was to build their own stadium. This will mean something in the order of 14 to 20 million to build.....just to get their hands on 'additional revenue streams' (and I'm not convinced how much additional revenue this would give them). Yet for the same money, they could have had the Ricoh and kept a larger fanbase as a result! I am so glad that none of my investments are handled by SISU Capital, as I would be royally pissed off at their incompetence with my money. Wake up and smell the coffee.
 
Last edited: Feb 10, 2015
T

The Gentleman

Well-Known Member
  • Feb 10, 2015
  • #135
fernandopartridge said:
Were they not 2nd hand quotes?

Surely a balanced journalist would interview more than one party?
Click to expand...

Surely a 'balanced' poster would criticise both sides..............
 
D

dongonzalos

Well-Known Member
  • Feb 10, 2015
  • #136
torchomatic said:
Remember ACL saying once we'd come back that they were going to "rebuild trust" before discussing ownership. They were already talking to Wasps at this point so not sure why they chose to say that.

EDIT: Just seen Godiva's post./
Click to expand...

Bit like when the FL league were told we have to move to Northampton. There is no other choice.
 
Last edited: Feb 10, 2015

Astute

Well-Known Member
  • Feb 10, 2015
  • #137
fernandopartridge said:
Were they not 2nd hand quotes?

Surely a balanced journalist would interview more than one party?
Click to expand...

Do you mean like Les Reid?
 

Astute

Well-Known Member
  • Feb 10, 2015
  • #138
The Gentleman said:
Surely a 'balanced' poster would criticise both sides..............
Click to expand...

You seem to forget that it counts as criticising both sides if you said something about SISU five years ago
 

Calista

Well-Known Member
  • Feb 10, 2015
  • #139
Grendel said:
Of course they could have turned it down - using capitals doesn't really create any substance to the argument.
Click to expand...

Sorry about the caps - as you rightly say, they don’t add to the argument.

Everyone wanted our club to own the Ricoh, so we’re all on the same side. The differences are in whether you think SISU ever made a respectable attempt to buy it. I don’t think they ever did, and they made it crystal clear that they never intended to. That’s why I cannot criticise elected Councillors for voting unanimously to sell to Wasps and taking the benefits on offer for the city. I still think that with the right approach, it can be an opportunity for CCFC to be part of a very successful business. Not under current owners though.
 

skybluetony176

Well-Known Member
  • Feb 10, 2015
  • #140
Deleted member 5849 said:
Which is a shame, as if he put his mind to it he could uncover a lot.
Click to expand...

Probably part of the reasons why he hasn't talked to any of them.
 
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