Gillingham offer support to SISU (1 Viewer)

[sky blue zam]

No I have grasped that, but, these 'approaches' were made months after the offer was rejected, now, ACL have been claiming the door is open so when SISU supposedly came back, they could've, for all we know, accepted the last offer.

well one thing we know is, is that they wont have got a better offer

 

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[DaleM]

It's called "The Taylor Tombola Book Of Facts , Conjecture or Inane Bollocks" trouble is you don't know which one you are going to get :jerkit:

This one . :claping hands:

Speaking of 'inane bollocks' 'conjecture'... What fact have you posted today?

 

[ccfctommy]

How about reducing the rent from £1.3m to £400k/annum?

Or am I missing your point?

Don't forget the no matchday revenue.

Not such a great offer after all.

 

[Sky Blue Dal]

How about reducing the rent from £1.3m to £400k/annum?

Or am I missing your point?

Bravo!!! Nice reply!!

 

[Mucca Mad Boys]

This one . :claping hands:

Speaking of 'inane bollocks' 'conjecture'... What fact have you posted today?

We paid 1.28m in rent p/a
No F&B
Dann's transfer fee - best you could muster was 'undisclosed'.
Fox's transfer fee.
Year SISU: if we would've went into admin, we would've got relegated.
Dowie's last 10 games form: 2-2-6
Leaving HR is CCFC's worst decision to date/not having enough £££ to finish the RICOH.
Fact the CCFC have been a selling club even before SISU

More than you 'pal'.

 

[TheRoyalScam]

Don't forget the no matchday revenue.

Not such a great offer after all.

Available matchday revenue nothing to do with ACL - contract was sold by CCFC to Compass.

Reduction of more than 2/3rds of the rent - £900k a year - 'Not such a great offer after all'.....what planet are you on???:facepalm:

 

[Mucca Mad Boys]

29th January 2013 - ACL/Higgs/CCCouncil/SISU/CCFC shake hands on heads of terms for a rent reduction from £1.3m to £400k/annum, with other reductions (escrow a/c, repayment of debt over many years etc).........

The following day (after advice from SISU's queen of debt) Fisher admits he never had the authority (as CEO??? - shadow directorship going on here if ever I saw it) to agree and they wanted to renegotiate.

ACL, sick and tired of all the prevarication by SISU - 'It's like trying to nail jelly to a wall'.

Yet SBTaylor (posting more drivel seeing as it's half-term) thinks a brief ITV synopsis 'proves' that ACL are playing hardball, and poor SISU are misunderstood and hard done by.:facepalm:

At the moment it's all irrelevant - CCFC Ltd (who hold the Ricoh lease) are in administration, so ACL are entirely correct when they say they will only talk to the Administrator and other interested parties, and not with CCFC (Holdings).

Where do I say this?

I asked what are the club supposed to do if this were true [ACL rejecting approaches] - no one answers.

Bearing this mind, why are ACL saying in reply to CCFC Holdings 'that the door is still open'? If they know they can't/won't negotiate? In addition, if SISU are an interested party, which they most likely will be, then thy can, according to your own definition still negotiate with SISU?

 

[Mucca Mad Boys]

Available matchday revenue nothing to do with ACL - contract was sold by CCFC to Compass.

Reduction of more than 2/3rds of the rent - £900k a year - 'Not such a great offer after all'.....what planet are you on???:facepalm:

Not looking at the bigger picture:

1.3 p/a rent was way too high in the first place and still only offered a price that is still above market value, now, it's like me selling something worth £3, for £10, but then saying oh ok, I'll let you have it for £5 and saying its a great offer, I'm giving you a 50% discount! Numbers/percentages are deceiving in this context.

 

[James Smith]

That went under my nose, after searching for it as well - annoying, meh.

So we have 2 parties saying 2 opposite things each with their spin doctors on the go - one of them is lying and but worryingly, there's no evidence that either is telling the truth.

Although you put me in my place - kudos - the wider problem is that now we don't know who is telling the truth.

Maybe it was because it wasn't ACL 'rent boy' (well he does talk about the rent) PWKH who said it and was the lawyers instead that it slipped under the radar.

In a way it's a shame that ACL isn't a public limited company because then we'd know that any statements made would have to be the gospel truth. If not then they'd be be misleading the shareholders and that's a big no no for quoted companies.

 

[skybluegod]

who were the other team i missed it sorry?

 

[Godiva]

Where do I say this?

I asked what are the club supposed to do if this were true [ACL rejecting approaches] - no one answers.

Bearing this mind, why are ACL saying in reply to CCFC Holdings 'that the door is still open'? If they know they can't/won't negotiate? In addition, if SISU are an interested party, which they most likely will be, then thy can, according to your own definition still negotiate with SISU?

ACL says they don't accept Holdings are the football club.
ACL says they don't accept Fisher can speak for the football club.
ACL says they will be happy to speak to the football club.

So ACL says - we will ONLY speak to who we define as the owner of the football club: The Administrator.

I don't think there can/will be any negotiations until the Golden Share has been issued by FL to the company THEY think is the football club.

If the owners turn out to be sisu, it may well be too late to restart negotiations.

 

[bigfatronssba]

I wonder if any of the other 70 league clubs replied?

 

[TheRoyalScam]

Where do I say this?

I asked what are the club supposed to do if this were true [ACL rejecting approaches] - no one answers.

Bearing this mind, why are ACL saying in reply to CCFC Holdings 'that the door is still open'? If they know they can't/won't negotiate? In addition, if SISU are an interested party, which they most likely will be, then thy can, according to your own definition still negotiate with SISU?

Look back at post #16 where you provide the ITV link: regarding ACL (who it is reported in the last line hadn't replied to this latest statement from SISU) you write: Bit of spin, but the last line interests me.

And if phrases like 'locked out', 'no further room to negotiate' and 'no alternative' aren't an attempt to conjure up the 'misunderstood and hard done by' card, perhaps you could enlighten me.

 

[Mucca Mad Boys]

Look back at post #16 where you provide the ITV link: regarding ACL (who it is reported in the last line hadn't replied to this latest statement from SISU) you write: Bit of spin, but the last line interests me.

And if phrases like 'locked out', 'no further room to negotiate' and 'no alternative' aren't an attempt to conjure up the 'misunderstood and hard done by' card, perhaps you could enlighten me.

I stated it was spin, but all that interested me was the last line - that is all.

 

[bigfatronssba]

Seems like the Telegraph has made an enemy of sisu now.

 

[Mucca Mad Boys]

I wonder if any of the other 70 league clubs replied?

Donny have come out to support us...

Why should they bother? It's not relevant to them - we haven't gave a letter of any sort to the FL about another club - to my knowledge anyway - and it's none of our business to do so, it would surprise me if another club came out to support us.

 

[TheRoyalScam]

Not looking at the bigger picture:

1.3 p/a rent was way too high in the first place and still only offered a price that is still above market value, now, it's like me selling something worth £3, for £10, but then saying oh ok, I'll let you have it for £5 and saying its a great offer, I'm giving you a 50% discount! Numbers/percentages are deceiving in this context.

A facility purpose built for CCFC costing upwards of £100m, and a long lease agreed at £1.3m/annum - 'way too high' is open to argument.

Ricoh value = £130m (guesstimate) - rent @ £1.3m/annum = 1% of property value.

3-bedroom property in Coventry value = £150k - rent at £7,500/annum = 5% of property value.

 

[Skybluemilf]

What is it all coming to when we are looking up to the likes of Gillingham and Walsall FFS!!

 

[James Smith]

Seems like the Telegraph has made an enemy of sisu now.

Ooh scary!

 

[Mucca Mad Boys]

A facility purpose built for CCFC costing upwards of £100m, and a long lease agreed at £1.3m/annum - 'way too high' is open to argument.

Ricoh value = £130m (guesstimate) - rent @ £1.3m/annum = 1% of property value.

3-bedroom property in Coventry value = £150k - rent at £7,500/annum = 5% of property value.

We only use the stands and the grass, which we maintain - whilst ACL reap the fruits of everything else.

 

[Bluegloucester]

Not looking at the bigger picture:

1.3 p/a rent was way too high in the first place and still only offered a price that is still above market value, now, it's like me selling something worth £3, for £10, but then saying oh ok, I'll let you have it for £5 and saying its a great offer, I'm giving you a 50% discount! Numbers/percentages are deceiving in this context.

Market rate? You are comparing apples with oranges. The Ricoh is not an average L1 stadium, Sisu knew this when they bought the club. Unfortunately they did not plan for relegation, their error.

 

[Bluegloucester]

We only use the stands and the grass, which we maintain - whilst ACL reap the fruits of everything else.

Pitch has not been maintained for a whole season.

 

[Bigelvesy]

You cannot really argue with anything the gills chairman has stated in that open letter. However he fails to mention the fact ACL offered a massive rent reduction close to what he states as acceptable that SISU fluffed their lines on.
Or that contrary to fishers statements the door is open for talks, albeit with the administrator.

The fact that the rent is/was a huge amount and that access to match day or even regular revenue streams was not open is due to massive errors by previous boards.
We could well have been a club without a ground years ago! Had the council and Tesco not stepped in before.

This is what "having a punt" does to a club

 

[Sick Boy]

Are you serious, or taking the piss?

Why would you be against CCFC fans getting behind the club?!

Even if other clubs had disastrous owners, I am certain that they would not accept the situation from ACL either.

 

[lordsummerisle]

A facility purpose built for CCFC costing upwards of £100m, and a long lease agreed at £1.3m/annum - 'way too high' is open to argument.

Ricoh value = £130m (guesstimate) - rent @ £1.3m/annum = 1% of property value.

Money from CCC towards the Ricoh = £10million

 

[Sick Boy]

Didn't ACL get all of the sponsorship money from Ricoh as well? What was that, 10million?

 

[lordsummerisle]

Why would you be against CCFC fans getting behind the club?!

Even if other clubs had disastrous owners, I am certain that they would not accept the situation from ACL either.

That's exactly the point, Sisu are finished here, that battle is over, wish people could aim their ire and fire towards ACL/CCC now, whoever ends up in charge.

In fact, that will happen pretty much straight away anyway, 180 degree turns a big feature of Coventry Supporters.

 

[Bennets Afro]

Tim fisher said to us last night that after receiving the letter to say they wouldn't negotiate, then Sisu haven't contacted acl over a new rent deal
He also acknowledged that the F&B revenue was not ACLs to give away

 

[skybluepm2]

The headline is actually Gillingham offer support to city but after reading it, I think he's trying to get in SISU's good books sweet talking the club for Cody
Have a read:
http://www.ccfc.co.uk/cms_images/common/gillingham-letter144-840072.pdf


more here:
http://www.ccfc.co.uk/news/article/gillingham-letter-840087.aspx

That Scally bloke has always been a talking nut sack! Dr Fox's twin brother needs to pipe down. Turkey Tim has obviously slipped a bluey his way along with a shovel full of his usual propaganda

 

[lordsummerisle]

Tim fisher said to us last night that after receiving the letter to say they wouldn't negotiate, then Sisu haven't contacted acl over a new rent deal
He also acknowledged that the F&B revenue was not ACLs to give away

Yes, sold to Compass wasn't it?

Though if the club moved out of the Ricoh for a bit that would solve that problem, think that Compass wouldn't want to hold onto a pretty much worthless contract then.

The money that ACL got from Compass wasn't based on a couple of concerts a year and an Olympics every 70, would have only been signed because of the club, so would surely be worth giving a share of the revenues from Compass both previous and future to the club.

 

[Bluegloucester]

Tim fisher said to us last night that after receiving the letter to say they wouldn't negotiate, then Sisu haven't contacted acl over a new rent deal
He also acknowledged that the F&B revenue was not ACLs to give away

75% of the profit is.

 

[TheRoyalScam]

We only use the stands and the grass, which we maintain - whilst ACL reap the fruits of everything else.

'We only use the stands and the grass, which we maintain...'...(err...which we used to maintain), and the car parks, and the club shop, and the club offices, and the executive boxes, and the changing rooms, and the medical facilities.....

When we moved in there wasn't much in the way of infrastructure from which ACL could reap the fruits - remember the stadium was built as a Championship/Premier League football ground first.

ACL have now through prudent management gone from strength to strength - CCFC now only accounts for around a sixth of ACL's turnover.

If only SISU had proved themselves trustworthy (and able to run a football club without blundering from regular cock-ups to crisis to relegation), then we could be in the Premier League, own at least 50% of ACL (if not 100%), and be in a position to eventually own the stadium and much of the infrastructure.

 

[Sick Boy]

If ACL have gone from strength to strength, then why did they need to be bailed out by the council? Surely if CCFC only account for a sixth of their turnover, they shouldn't really be affected by the club not paying rent?

 

[lordsummerisle]

'We only use the stands and the grass, which we maintain...'...(err...which we used to maintain), and the car parks, and the club shop, and the club offices, and the executive boxes, and the changing rooms, and the medical facilities.....

When we moved in there wasn't much in the way of infrastructure from which ACL could reap the fruits - remember the stadium was built as a Championship/Premier League football ground first.

ACL have now through prudent management gone from strength to strength - CCFC now only accounts for around a sixth of ACL's turnover.

If only SISU had proved themselves trustworthy (and able to run a football club without blundering from regular cock-ups to crisis to relegation), then we could be in the Premier League, own at least 50% of ACL (if not 100%), and be in a position to eventually own the stadium and much of the infrastructure.

CCFC only accounts for a 6th of the turnover? Really? How much of that leftover turnover is down to sponsorship, Compass etc which only really exists because of the club?

Even the Casino gets most of it's business on match-days, sure they would be asking for a reduction in rent if no standing tenant able to bring in revenue for them like that.

 

[James Smith]

If ACL have gone from strength to strength, then why did they need to be bailed out by the council? Surely is CCFC only account for a sixth of their turnover, they shouldn't really be affected by the club not paying rent?

Turnover doesn't equal profit!