Mike Ashley evicting Coventry City

BoroMart said:
I've already said that, I was stating that the F&PO test doesn't test the morality of people which appears to be what people want
Click to expand...

You’re in a desert walking along in the sand when all of the sudden you look down and you see a tortoise, it’s crawling toward you. You reach down, you flip the tortoise over on its back. The tortoise lays on its back, its belly baking in the hot sun, beating its legs trying to turn itself over, but it can’t, not without your help. But you’re not helping. Why is that Leon?
 
Sheriff_John_Bunnell_ret said:
You’re in a desert walking along in the sand when all of the sudden you look down and you see a tortoise, it’s crawling toward you. You reach down, you flip the tortoise over on its back. The tortoise lays on its back, its belly baking in the hot sun, beating its legs trying to turn itself over, but it can’t, not without your help. But you’re not helping. Why is that Leon?
Click to expand...
You've been on the crackpipe this evening?
 
Sheriff_John_Bunnell_ret said:
You’re in a desert walking along in the sand when all of the sudden you look down and you see a tortoise, it’s crawling toward you. You reach down, you flip the tortoise over on its back. The tortoise lays on its back, its belly baking in the hot sun, beating its legs trying to turn itself over, but it can’t, not without your help. But you’re not helping. Why is that Leon?
Click to expand...
Blade Runner Sheriff?
 
VestasBoro said:
Just flexing his muscles to get a better deal to rent the ground out to them.
Click to expand...
yeah BBC has been click baiting this all day long, not even pushing what Coventry have revealed that they got a new agreement to sign as first round of negotiations
 
Otto42 said:
So I guess this will make the lawyers plenty of money, if Ashley bought the stadium company doesn't he have to honour the agreements the company had, but if he bought the stadium from the receivers then the previous agreements no longer stand?
Click to expand...
i think it may have been bought as a pre packed assets, which means you buy the property/asset and not the liabilities, that would be the only way I think that he would be able to get out a lease, unless the lease was legally flawed
 
muniz said:
yeah BBC has been click baiting this all day long, not even pushing what Coventry have revealed that they got a new agreement to sign as first round of negotiations
Click to expand...

A 1 year agreement, presumably with significantly higher rates, when they were locked in to a 10 year agreement before he bought the stadium.
 
TeaCider said:
A 1 year agreement, presumably with significantly higher rates, when they were locked in to a 10 year agreement before he bought the stadium.
Click to expand...
he's come out and said the were offered the same terms as before the sale went through and didn't sign it so now there is nothing in place and its time to renegotiate,

in reality they are not going to loose the stadium, they are just having the new owner seeking better terms for himself,

Sounds like they have been complacent legally and left themselves open to this.

www.coventrytelegraph.net

Ashley responds to Coventry statement and outlines stadium plan

Coventry City released a statement in response to their eviction notice served by Frasers Group - and now they themselves have replied
www.coventrytelegraph.net www.coventrytelegraph.net

it's really something that would normally just be dealt with behind the scenes but think both sides have been trying to paint it in different ways publicly to aid their side of the story
 
Like someone else said, if Coventry are in such a bad financial state their board should have sold 2,3 of their best assests, rose a huge amount of money and their books would look a lot better. They're 12th in the table almost the same amount of points from the bottom as the top, so not like these players they've kept have fired them towards promotion but you could argue they have kept them away from the relegation zone though BUT, would you rather get relegated in a good financial state and stadium to play at for the forseeable or finish 12th and sell these players in the summer, and delay said relegation?
 
VestasBoro said:
Like someone else said, if Coventry are in such a bad financial state their board should have sold 2,3 of their best assests, rose a huge amount of money and their books would look a lot better. They're 12th in the table almost the same amount of points from the bottom as the top, so not like these players they've kept have fired them towards promotion but you could argue they have kept them away from the relegation zone though BUT, would you rather get relegated in a good financial state and stadium to play at for the forseeable or finish 12th and sell these players in the summer, and delay said relegation?
Click to expand...
yeah they would be in a worse state if went down after selling them assets lol, they got a new owner which should help.

this stadium situation is only temporary, and Im certain they will come to an agreement to reinstate what was there before with a lil bump in costs as they dont have much choice
 
St Andrews stadium in Birmingham is falling down and is a money pit just to keep what's left open.
Birmingham city latest takeover has just fallen through and debts rising and in serous trouble and won't have any money to complete repairs.

Ashley jumps in and buys Birmingham City at rock bottom price.
Sells St Andrews for redevelopment land and moves them to Coventry for a ground share with Coventry with their new inflated contract.
You heard it here first!
 
Northerner said:
St Andrews stadium in Birmingham is falling down and is a money pit just to keep what's left open.
Birmingham city latest takeover has just fallen through and debts rising and in serous trouble and won't have any money to complete repairs.

Ashley jumps in and buys Birmingham City at rock bottom price.
Sells St Andrews for redevelopment land and moves them to Coventry for a ground share with Coventry with their new inflated contract.
You heard it here first!
Click to expand...
Can't see Birmingham fans travelling to Coventry, more likely he'll demolish Coventry, salvaging what he can rebuild Birmingham and sell the Coventry stadium land for development
 
BoroMart said:
Can't see Birmingham fans travelling to Coventry, more likely he'll demolish Coventry, salvaging what he can rebuild Birmingham and sell the Coventry stadium land for development
Click to expand...
There is a hotel and casino at Coventry's Ricoh Arena. With a large adjoining shopping centre.
Ashley is acting appalingy but why are we surprised. Coventry City have been stitched up for years by hedge fund and other sharp oprrators. It is a quite appalling story.
 
fmttmadmin said:
There is a hotel and casino at Coventry's Ricoh Arena. With a large adjoining shopping centre.
Ashley is acting appalingy but why are we surprised. Coventry City have been stitched up for years by hedge fund and other sharp oprrators. It is a quite appalling story.
Click to expand...
Unfortunately, there aren't many good owners. We are one of the lucky ones.
 
fmttmadmin said:
There is a hotel and casino at Coventry's Ricoh Arena. With a large adjoining shopping centre.
Click to expand...
Also got it's very own railway station and very close to M6 junction with large car parks.
As the crow flies, about 16 miles between grounds.
 
You must log in or register to reply here.
Back
Top